Fha Housing Loan

Bobbie Said:

what is a fha housing loan?

We Answered:

Check out these sites for info:

http://www.nahb.org/generic.aspx?generic…

http://www.hud.gov/buying/index.cfm

Doris Said:

Can I get FHA loan if house does not have appliances?

We Answered:

A FHA mortgage loan is not predicate on the fact that the place you are buying has appliances in them or not. This is not a FHA requirement.

If for some reason the current owner would like to throw in the appliances such as a stove, refrigerator, washer and dryer either one or a combination would not have an effect on the sale price. Some home owners would leave them for] ]various reason or might attempt to make a side deal of leaving them for a price if the buyers would want them.

The appraiser would not make mention of them in his/her appraiser report. A home inspector might make a casual comment about them with no value or cost to repair any that are in need of repair.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

Daniel Said:

what is the difference in a fixed fha loan and a rural housing loan ?

We Answered:

Taking a wild guess the rural housing loan will have a better interest rate. I think (not positive) that you have to actually farm something though, produce or stock.

Bob Said:

FHA and Rural Housing Loan?

We Answered:

Have you tried the USDA web site? You can plug in your data and see how you stack up and if the area you want is eligible for the loan program.

http://eligibility.sc.egov.usda.gov/elig…

Good luck.

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