Want to buy a house, but not sure how you're going to afford it? The federal government has programs to help you. In fact, you need look no further than the Federal Housing Administration. FHA loans help cash-strapped homebuyers get a mortgage when other options are out of reach. Of course – as with everything – there are pros and cons.
So, is an FHA loan the right choice for you? Alex Cohen of real estate firm CORE is here to give you the lowdown on the loans – from whether you qualify to how they can help (or hinder) you in your house hunt.
Home-Buying Basics: The Lowdown on FHA Loans from CentSai on Vimeo.