FHA Mortgage Loans

By: Smart Mortgage Centers, Inc.  09/30/2015
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The FHA will be reducing mortgage insurance premiums. As the Illinois housing maket continues to improve, U.S Housing and Urban Development announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent. This action is projected to save more than two million fha homeowners an average of $900 annually and spur 250,000 new homebuyers to purchase their first home over the next three years. FHA mortgage loans are an attractive mortgage solution for a purchase or refinance because today's FHA mortgage rates are near historic lows. The guidelines are also flexible allowing more people to qualify. Whether you have had credit issues in the past or are simply looking to limit your down payment to 3.5%, an FHA loan might be an ideal home financing solution. Smart Mortgage Centers is one of the top FHA Mortgage Brokers in Illinois - call us today at 888-416-0920 to learn more.

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4003 Plainfield/Naperville Rd., Suite 207,
Naperville, IL, 60564,

Main: 1 6309041800