Apr 17th	The Positives of FHA Loans Here in the Santa Barbara, Goleta and Carpinteria Areas
2008	Categories: Buyer's Resources & Advice

Here is a great list of positives about an FHA mortgage that I picked up from First Capital that I felt buyers should know about... Common sense underwriting Maximum loan amount $729,750 No declining market appraisal issues.  Lenders are not reducing the loan to value if a home is in a "declining market" whereas all traditional loan programs are being cut by 5% loan to value Buyer can put as little as 3% down of which all may be gifted Seller may contribute 6% credit to buyer - 3% for closing cost and 3 % for down payment Buyer may not need money out of pocket... Read more

Tags: below market interest rates, FHA mortgage santa barbara, full documentation loans, loans in Carpinteria, loans in goleta, loans in Santa Barbara

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