For many people finding amassing a down payment for a home purchase difficult, the prospect of getting a foot on the property ladder might seem remote. But that doesn’t necessarily have to be the case.
What Is An FHA Mortgage?
FHA stands for Federal Housing Administration. It is provided by a private lender but insured by the Federal Housing Administration and is backed by the federal government. It is designed to be an attractive and affordable option for less wealthy customers who meet the qualifying criteria.
The Benefits Of Using An FHA Mortgage Calculator
Navigating all of the finer details of a financial product, like an FHA mortgage, can be overwhelming for the average person, especially if they are trying to avoid the potentially high lending fees of a mortgage broker.