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What are FHA Loan Gift Funds? Using Down Payment Assistance

What are FHA Loan Gift Funds? Using Down Payment Assistance

One of the biggest hurdles homebuyers face is coming up with the necessary down payment. For many, especially first-time homebuyers, an FHA loan can be a great option because it requires a lower down payment compared to conventional loans. But did you know that you...

FHA Closing Costs – What Buyers Need to Know

FHA Closing Costs – What Buyers Need to Know

(Updated 11/29/24) Buying a home is an exciting milestone, but it comes with financial commitments beyond the down payment. One key expense to prepare for is closing costs, which are essential fees required to finalize your home purchase. For those considering an FHA...

Buying a Condo with an FHA Loan: Special Considerations & Tips

Buying a Condo with an FHA Loan: Special Considerations & Tips

Federal Housing Administration (FHA) loans are renowned for their accessibility, especially for first-time homebuyers. However, when it comes to purchasing a condo with an FHA loan, there are unique considerations to keep in mind. The FHA has specific guidelines and...

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