Don’t count out FHA as expensive

Written by Michael A. Foote, CMB on . Posted in Uncategorized

Just becuase FHA has an upfront mortgage insurance premium don’t assume FHA is too expensive. Often times, FHA loans provide the ONLY option available to a consumer due to higher debt ratios, lower credit scores, or higher loan to value ratios. So UFMIP isn’t really expensive since there are no other products to compare to. Expensive is a relative term, relatively speaking 😉

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