Welcome to San Diego Blog | May 3, 2019

FHA Approved Condos in Bankers Hill, San Diego

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”

 

Considering a FHA Loan or some say First Time Home Buyer Loan! FHA loans are great options for buyers for many reasons, but mainly because they allow the buyer to purchase a home with a relatively small down payment (3%). The Federal Housing Administration originally designed the program in order to promote home ownership, making it easier for buyers to qualify for a mortgage.

 

Having trouble with Credit? Talking with a credit counselor can truly help borrowers with credit issues take the right steps towards becoming home owners. An FHA-approved housing counselor can suggest the right actions to take, but it’s very important to remember that it takes time to raise credit scores and follow the advice of your housing counselor. Borrowers look for a record of at least one year of reliable payments and your credit scores need time to rise and correct if necessary. https://www.fha.com/define/fha-loan

 

 

For more information please contact me


Written by: Chip Morgan

Categories: Banker's Hill, Buyers, New Developments, San Diego Real Estate

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