FHA Secrets All Manufactured Home Loan Lenders Want Hidden
Commonly Overlooked FHA Loan Secrets
While the benefits of FHA loans are widely known, there are some lesser-known aspects that can further enhance your financing strategy:
- **Energy Efficiency Improvements**: FHA loans may allow borrowers to finance energy-efficient upgrades, which can reduce long-term utility costs and increase the home's value.
- **Assumable Loans**: FHA loans are assumable, meaning if you sell your home, the buyer can take over your existing loan. This can be a selling point if interest rates rise.
- **Loan Limits**: Be aware of the FHA loan limits in your area, as they can vary significantly depending on the cost of living and housing market conditions1.