June 2010

Boca Raton - FHA Loans, A Great Choice for Buyers

If you are looking for FHA real estate in Boca Raton we have put some valuable information together for you. According to a recent survey from the Home Buying Institute, 87% out of 12,000 potential buyers are planning on applying for an FHA home loan in connection with their home purchase. The survey revealed that close to 54% of those buyers said the reason they prefer an FHA loan is the low minimum down payment required. With an FHA loan, buyers only need to put a minimum down payment of 3.5% of the total purchase price compared to a conventional loan that requires a 20%-30% down payment. That is a huge difference for buyers who don’t have a huge down payment saved, but want to take advantage of