Programs
FHA Mortgage
This program aids first-time home buyers and others who may not afford the term and conditions for conventional mortgages.
The down payment for this type of loan is typically lower than the conventional loans –as low as 3%. The interest rates are generally determined by the market rates.
Good thing about FHA Mortgages is that, you can do extra payments in the principal to repay the loan faster and save yourself an interest. You can also pay off the FHA-insured mortgage anytime you want!
