FHA Mortgage Program: Popular Among First Time Home Buyers

Although there are many first time homebuyer programs, the FHA mortgage program is on the top for most popular programs by first time home buyers. This is due to the many advantages it has over its competitors, such as a lower credit score requirement, a smaller down payment needed (only 3.5%), and lower interest rates . These benefits help home buyers have lower monthly payments and thus sets them up for success in repaying the loan. Read the full article here:  http://lenderama.com/2012/11/11/fha-mortgage-program-popular-among-first-time-home-buyers/