FHA insured loans are a popular choice among first time home buyers

FHA insured loans are a popular choice among first time home buyers who are taking advantage of the low house prices and first time home buyer tax credit being offered. According to a recent FHA report; "In the second quarter of 2009, nearly 50 percent of all first-time buyers in the entire housing market used FHA-insured loans."

FHA offers an affordable way for buyers to obtain a home loan. When I practiced real estate up north, FHA financing was a fairly common source for mortgages. Some of the benefits to a Florida home buyer using an FHA insured loan include:

• Approximately 97% financing
• The loan is subject to appraisal
• The home must meet minimum property conditions

It is easy to apply for an FHA loan. Watson Mortgage handles FHA loans and offers the buyer free consultation to determine if FHA is the right program for you.

Related FHA blog posts

I am buying a home and want to use FHA, how do I find a mortgage lender?

Using an FHA mortgage to purchase a home is a smart choice for many home buyers today. FHA mortgages do not require a huge down payment and typically offer favorable terms to borrowers. Finding an FHA approved lender is easy. Two ways that you can get in touch with an FHA approved lender are:

Allow me to introduce you

Watson Mortgage handles FHA mortgages. I can connect you with one of our loan consultants and they will explain the process and provide you with information that you will need to make an informed decision. Watson Mortgage provides the very best in customer service. You can trust in Watson Mortgage handling your loan with them utmost in confidence, in a timely manner and with the professionalism you expect and deserve.

Look up lenders using various selection criteria

HUD makes it convenient for a potential home buyer to look up lenders that are FHA approved. You can find an approved lender throughout the country by visiting HUD’s website and entering the appropriate search criteria. The search feature is located here.

Finding an FHA lender is easy and so is finding a REALTOR to help you

Now that we have set the wheels in motion to put you in contact with lenders who can provide you an FHA mortgage, the next step is to find a real estate agents who can assist you with finding and buying a house. That is where I come into play. I have complete access to thousands of homes for sale in a wide range of prices, locations and features. Call me at 407-304-0255 and I will get start searching for a home specifically for you.

Obtain an FHA home loan when buying your next home

The ongoing upheaval in the mortgage industry with tightening standards and the reduction of available 100% financing options has created renewed interest in available FHA insured financing programs. FHA is a tried and true method for first time homebuyers and those with limited down payment funds to qualify for and purchase a home.

Watson Mortgage has been providing ongoing training with the branch offices of Central Florida in order to remind those agents who have has experience with FHA of changes and guidelines and introduce a new group of agents to the benefits of assisting buyers obtain an FHA insured loan.

Sellers in Central Florida, where in months past may have elected to hold out for a conventional style loan, now understand the importance of entertaining offers from all buyers regardless of the buyer’s choice of financing. Sellers might possibly be making a big mistake by not offering their home to those buyers using this form of financing.

In researching the current inventory of homes for sale in Orange County where Orlando is located, recent reports indicate that over 2500 homes on the market right now are willing to accept offers that are contingent upon FHA financing. Those numbers are sure to grow.

Contact me if you would like more information on how FHA financing might benefit you as a homebuyer or home seller.


Related Florida real estate views:

Mr. Postman look and see if there is a letter from FHA for me.

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- Greg Staker - Watson Realty Corp. - 407-304-0255