3 Tips To Sidestep These Common FHA Loan Hang-ups
FHA loans are becoming increasingly popular these days as potential homeowners are not able to qualify for mortgages from traditional lenders. The FHA insures these high-risk loans, in turn allowing borrowers with low down payments and less than perfect credit to purchase homes and bolster the housing market. However, getting through the loan process with the FHA is more difficult than with a traditional lender, and you may need to cope with some of these common loan hang-ups. Property Condition You can't buy just any property with a FHA loan. The appraiser must deem it to be livable, without any…