First time homebuyers win with FHA loans

With housing prices continuing to fall, first time home buyers are in a great position. Not only can they take advantage of improving pricing, they can also take advantage of a Federal Housing Administration (FHA) program that allows for just a three and a half percent (3.5%) down payment, one loan, with the same interest rate as conforming, conventional loans ..... Incredible !

Add to that, first time home buyers can get that 3.5% down payment from their retirement accounts ..... penalty free !

Remember the three rules when buying real estate anywhere, any time listed in my previous blog, and take advantage of your real estate market today.

Good luck !