[quote=temeculaguy]Bob, do you not like FHA loans because you read they were risky or that they look similar to the toxic loans of the past. I can probably help you over those fears. [/quote]
Actually, I’m not fearful of anything, just providing my advice based on what the poster asked. And the fact is, FHA loans have a high default rate. Various reasons for that – one of which is the purchaser has far less skin in the game making a 4% down payment rather than a 20% down payment. The Feds are well aware of the risk, but don’t care because they know the taxpayers will cover the costs when the loans go bad.
