FHA Mortgage Myths
Are FHA Mortgages Good or Bad? Homeowners who are thinking of selling their personal property often times are scared of an offer with FHA financing. Over the years, FHA loans have been labeled unfairly as the loans people obtain with bad credit, people with no money or both get when trying to buy a home. That is simply untrue. Co-Founder of Florida Platinum Group Mark Stampini states, “FHA loans are great for buyers and now that appraisals are similar to conventional loans, sellers would be crazy not to look at those offers”. FHA may be an option for someone with a lower credit score or little money to put down, it also may be the best deal for any buyer purchasing a primary residence. When a seller sees an FHA offer they should be excited as the buyer is looking to live in their home. They are not an investor making a business decision.” MYTH #1 - FHA Repair and/or Appraisal R...