I Love FHA, and so do my clients

May 23, 2008 · Filed Under Lending and Finance · 2 Comments 

I love FHA.  I love everything about it.FHA Mortgage love

If I could I’d send FHA a little love note and flowers and take FHA out on a date.  We’d go to the new Churchhill’s steakhouse in town, then head for a nice stroll along Riverfront Park.  I hope my wife doesn’t mind, I’ve invited FHA to move in with us.

FHA-insured mortgages have been the saving grace in an otherwise bloodied lending landscape.  My clients have benefited immensely from FHA-insured mortgages.  Just this week a client of mine, about to close on a house using an FHA mortgage, wrote to me and said “Thankyou for all the small but significant things you do for us besides the big things… helping us with our investment planning (two homes)…” 

See if this scenario works for you…

The Scenario:

  • My clients’ credit score is marginal, right around 600
  • They only have about $2,000 in savings
  • My clients own a beautiful home in Spokane in a neighborhood they aren’t particularly fond of
  • They are do-it-yourselfers, hooked on DIY-network and have done about all they can to their current home, it is absolutely darling
  • They’d like to move into and rehab a similar-sized home around Corbin Park, a neighborhood they’ve been eyeing for a few years
  • Although they don’t like their neighborhood, my analysis shows their neighborhood will appreciate at an above average rate due to certain coming, positive changes in the neighborhood
Bedroom of current home - GORGEOUS,
and soon to be a rental

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