With so many options, choosing between an FHA Home Loan and a conventional mortgage can be confusing. eHomeLoan breaks down the differences to help you decide the best fit for your financial goals. FHA Loans: Benefits and Drawbacks Pros: Low down payment (3.5%) Flexible credit and income standards Great for first-timers and those with less-than-perfect credit Cons:…
Imagine owning a home with zero down payment. The USDA Single Family Housing Guaranteed Loan Program makes homeownership possible for many families living in rural and suburban communities. At eHomeLoan, we help you tap into this powerful program. What is a USDA Loan? A USDA Home Loan is backed by the U.S. Department of Agriculture. Designed to encourage development…