Understanding the Downsides of FHA Loans in California
FHA loans, administered by the Federal Housing Administration, serve as a crucial lifeline for many first-time homebuyers in California, offering lower down payment requirements and more flexible credit qualifications than conventional mortgages. However, potential borrowers should be aware of several drawbacks that come with these benefits, influencing their decision-making process. 1. Mortgage Insurance Premiums (MIP) […]
