Is there an alternative to a FHA loan in Woodbridge New Jersey?
By Tony Busanich, 1-4 FAMILY HOME LOAN SPECIALIST
Is there an alternative to FHA loan in Woodbridge New Jersey?Is there a better option for a low-down payment then an FHA loan? The answer maybe yes! First-time homebuyers as well as repeat buyers longed-for a home mortgage with a low-down payment of 3.5%. FHA loan remains the best choice not for long. Lenders are moving to CRA Community Reinvestment Act loans. This option may be better for some homebuyers and people looking to refinance a traditional FHA loan. One Out of every five buyers, chooses a FHA loan, with more options being availability this may shortly change. FHA loan are popular because it requires just 3.5 % down payment. Moreover, FHA mortgage rates are lower as compared with others. It also has flexible underwriting standards. This is really attractive especially when you...