First time home buyer? Here’s what you need to know » Mortgage Masters Group


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    The FHA home loan program has been described in other publications as being "the mortgage program first-time home buyers love", but many people worry about closing costs and down payment requirements. How do you pay for FHA home loan closing costs and the down payment? The key is to first understand what these expenses are.

    Zoocasa estimates that someone buying a home at the median price in metro Denver of $370,000 in April would need $64,284 in income to qualify for a mortgage. That represents a big hurdle for many.

    For example, if you take out a $250,000 home mortgage loan, you’ll need to repay the entire. ranges from 15 to 30 years. Know the risks and rewards going into a fixed-rate mortgage loan. If.

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