1. Why an FHA Home Loan If you are like me and most people, you listen to the media. You are probably scared to death to buy a home. What the media is not telling you is that now is the best time to buy. One reason is that sellers have been reducing the price of their homes for the last 6 -12 months, which means you as a buyer can pick and choose the home you like at the LOWEST PRICE IN YEARS. Another reason to buy is that interest rates are at an all time low--which means you can afford more of a home. Just imagine if you got an FHA loan and did not have to spend as much as you thought. How would you feel? I hope this presentation will help to understand why an FHA loan may be good for you. Kenny Young Re/max 2000

2. Why an FHA Loan ?  With an FHA Loan you only need 3.50% as a down payment.  Example : If you purchase a home that is $100,000.00 you only need a down payment of $3500.00

3. Why an FHA loan?  Most people think you have to be a first time buyer... well, that isn’t true. You can be a second or third time buyer and still qualify for that FHA loan.

4. Why an FHA Loan?  Another reason why you should choose an FHA loan is that you are not denied because of no credit. A credit card may be enough to qualify you for further credit; however, if you don’t have a credit card you may use alternative credit such as utility bills, car insurance or child care as forms of credit.

5. Why an FHA Loan?  There are no income guidelines. This means that if you make $20,000 or $120,000 you can still get an FHA loan.

6. Why an FHA Loan?  If you are a first or second time buyer one of the biggest challenges is coming up with down payment money. Good news: you can get gift money from any blood relative. This money can cover your down payment as well as your closing costs. So if you come up a little short you do have a way to get help.

7. Why an FHA Loan?  The Seller can help you pay closing costs up to 6 percent of the sale price.  Example: if the sale price of a home is $100,000.00 the seller can pay $6,000.00 of your closing costs--that means $6,000.00 less out of your pocket!

8. Why an FHA Loan?  Just because you are getting an FHA loan does not mean you still can’t apply for grants. There are grants that you can get up to $3,000.00 to help with your closing costs. Again--this is less money out of your pocket! Check with your lender to see which grants are available to you.

9. Why an FHA Loan?  As you see, by getting an FHA loan you can save thousands of dollars when buying a home and get into a home for as little as nothing at all down. If you would like to see how I can help you qualify for an FHA loan--just give me a call at:  215-698-2035 and ask for Kenny Young of re/max 2000  or  e-mail at kennycy1962@comcast.net kennycy1962@comcast.net Thank you Kenny Young Re/max 2000