-Here are some interesting facts about FHA loans, and why they are so popular…
-FHA loans make up over 80% of 1st time buyer mortgage
-73% of 1st time buyers over 95% LTV and under 680 fico use FHA
-The average credit score in TX is a 681
-By the numbers…a $289K FHA loan with a 680 fico will save a borrower $111 per month vs a conventional loan with PMI
-Over 80% of TSAHC DPA loans are FHA thanks to flexible terms!
If you or someone you know wants to purchase a house contact our office to see how we can help you.
That’s it for today.
Thanks for reading!
Brett
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