No matter how much you earn FHA may hold the key to your financing needs

The most popular low-down-payment home finance plan is offered by the United States Department of Housing and Urban Development/Federal Housing Administration (HUD/FHA). Yet, contrary to popular belief, FHA does not limit its loans to people of low or moderate incomes. Perpetuating this fallacy, one of Florida's largest newspapers continues to describe FHA as a program for low-income homebuyers. Not true. No matter how much you earn, FHA may provide the key to your home financing. (FHA

does not finance property investors per se. But you can use FHA to acquire a two- to four-unit rental property—if you intend to live in one of its units for at least a year. However, if after moving in, your plans change, you can move before the full year passes.)

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