FHA home loans have become more affordable thanks to a drop in the annual mortgage insurance premium that the Federal Housing Administration charges for the loan.
Add lower down payment and credit requirements to the mix, and the fact these federally-insured loans are assumable, and FHA mortgages are an attractive option to many borrowers.
Contact your bank or mortgage company to check on the loan rate and see if you meet the program requirements whether you want to purchase or refinance.
KC Metro Team - Platinum Realty
9393 W. 110th St Suite #170
Overland Park, KS 66210
Licensed in KS & MO
http://portal.hud.gov/hudportal/HUD?src=/buying/loans may also be of interest