The dream of homeownership is facing a serious challenge as mortgage rates have experienced a surge. Experts predict this trend will continue, making it more difficult for potential buyers to qualify for loans. The typical rate on a 30-year fixed-rate mortgage is now around 8%—a significant increase from last year. This rise in rates directly im

The dream of homeownership presents a hurdle for many individuals. However, the Federal Housing Administration (FHA) offers loans designed to assist this dream more attainable. These loans are insured by the FHA and offer flexible requirements that can benefit a wider range of buyers, including first-time home buyers. Principal advantage of FHA lo