Nationwide Home Mortgage Loan Company

Et Tu, Brute? Why has FHA chosen to eliminate first time home buyer programs during the largest stagnation of home sells on record? Few people realize that the sole purpose of the Federal Housing Authority (FHA), when it was initially created in 1934, is to insure lenders and to promote home sales. Before FHA, first time home buyers would have to live with Mom and Dad until they saved up a 20% down payment on their first home.

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One of the first things you must do when you’re beginning a new home search is to choose the area where you want to live. Choosing between a smaller home in a more affluent area, a bigger home in a more working-class neighborhood, or building new is not always an easy decision. If you’re in this situation, start by examining your priorities and asking yourself the following questions…

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