This month’s One Woodsboro Volunteer Spotlight is Felicia Dickerson, Relationship Banker of the Downtown Frederick Office.
FHA loans are mortgages that are insured by the Federal Housing Administration (FHA). They allow borrowers to finance homes with lower down payments than conventional lenders typically offer, making them particularly popular with first-time home buyers.
Many people dream of owning a home, but those who do not have enough money in savings to purchase a home outright may wonder if homeownership is within their reach.
What happens when you are looking to build a home but cannot pay for the construction costs up front? One good option is a construction to permanent loan, which enables borrowers to finance the construction of their home and then serves as a traditional mortgage once it is built.