Buffalo Real Estate | Search Buffalo Homes | Buffalo Homes for Sale | Buffalo Real Estate News | Buffalo Realty Source | Best Buffalo Homes

WNY Real Estate Terminology – FHA

Contact An Agent

WNY Real Estate Terminology – FHA

fha

Let’s talk about FHA – Federal Housing Administration a little bit today. An agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is the insuring of residential mortgage loans made by private lenders. The FHA sets standards for construction and underwriting but does not lend money or plan or construct housing.

Read Also: FHA Policy Changes will make it harder to get an FHA Loan

You hear about them most often in connection with FHA Loans. There are lots of good reasons to choose an FHA loan, especially if one or more of the following apply to you:

  • You’re a first-time home buyer
  • You don’t have a lot of on a house
  • You want to keep your monthly payments as low as possible
  • You’re worried about your monthly payments going up
  • You’re worried about qualifying for a loan

Read Also:  What is a SONYMA Mortgage?

They have some wonderful information for both Buyers and Sellers on the FHA website:

  • Can I really buy a house?
  • Who Can I Call for Help?
  • Are you ready to buy a home?
  • Mortgage Insurance Premiums
  • How FHA’s Reverse Mortgage Program Works
  • Don’t you need a lot of money down and perfect credit?
  • How can I find out what my credit rating is?
  • Predatory Lending
Ready to purchase a home and take advantage of the tax credit?    Then call me today at (716) 650-0051 to set up an appointment to discuss your goals.

Thinking of selling your Erie County home? Interested in finding out the current market value of your single family home, condo or investment property? Then call www.BestBuffaloHomes.com at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home or assist you to purchase a home. View additional WNY Market Area Statistics here.

Our Featured Homes for Sale:

All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.
Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2012 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.
search-buffalo-homes buffalo-neighborhoodscontact-best-buffalo-homesbuffalo-home-values get-the-latest-listings-via-email
Blog Widget by LinkWithin
If you enjoyed this Buffalo Real Estate article, make sure you subscribe to our RSS feed! You can also follow me on Twitter here. This site is provided to you by Colleen Kulikowski, Licensed Real Estate Salesperson at Turning Key Realty. Colleen specializes in the sale of homes in the Greater Western New York Region of New York state selling homes and condos in all eight WNY counties of Allegany, Cattaragus, Chautauqua, Erie, Genesee, Niagara, Orleans and Wyoming counties.