February 28, 2011
First time home buyers often don’t know where to start when it comes time to find that first home. Locating properties for sale isn’t challenging–there are plenty of for sale signs in or near practically every neighborhood and even more to browse in the local papers and online real estate listings.
But finding the home is only part of the challenge. Where does a buyer find a suitable lender? A buyer who wants an FHA home loan might not know where to start looking to find a lender. Conventional borrowers have it easier–any suitable bank with the right terms will do. But not every bank participates in the FHA insured loan program, and not every bank is permitted to do so–the FHA has requirements for its lenders and those who can’t or don’t meet those requirements aren’t admitted to the program.
Fortunately, lenders have plenty of help finding an FHA approved lender. The FHA lender list