FHA MORTGAGES UP IN 2007

The FHA mortgages of years past seemed out of date with all the new, clever, zero-down, ARM, and Interest Only products. Now a renewed vigor has entered the marketplace as folks shy away from many of the sparkly new approachs after watching the sub-prime lending market slowly disolve into non-existence.

Here is an article that highlights the features and requirements to use FHA to purchase your home.

FHA Mortgages Up

To use this 30 year, fixed rate option, you do need to have good credit and 3% down, but you do get protected against the very things that are causing your neighbors to abandon their dream homes.

Check both FHA and non-FHA loans to see which will best fit your particular needs.