Thursday, February 28, 2008

FHA LOANS

Federal Housing Administration or FHA loans are great loans for a refinance or purchase. You can refinance up to 95% of the value of your home and pull cash out for any reason. Usually FHA loans are a fixed 30 year rate. They never have pre-payment penalties. For a purchase you can finance up to 97% of the purchase price. Credit scores are not a big factor in getting approved for FHA loans. Other factors like job time, savings, and payment history carry greater weight. Call me today to see if you qualify. 414-416-9194

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