Save money by doing your homework. Talk to several lenders, compare interest rates, and negotiate or bargain to get a better deal. Consider getting pre-approved for a loan.

Why ask for an FHA mortgage loan? There are many reasons to ask your lender for an FHA loan instead of a conventional loan or an expensive, risky sub-prime loan.

• Lower cost:

FHA loans have competitive interest rates because the the Federal Government insures the loans. Always compare an FHA loan with other loan types.

• Smaller down payment:

The FHA offers a low 3% down payment, and that money can come from a family member, employer or charitable organization. Many other loans don't allow this.

• Easier to qualify

Because the FHA insures your mortgage, lenders are more willing to give loans with lower qualifying requirements, so it's easier for you to qualify.

•  Less than perfect credit

Even if you have had credit problems, such as bankruptcy, it's easier for you to qualify for an FHA loan than a conventional loan because FHA insures your mortgage.

•  More protection to keep your home

The FHA has been around since 1934 and will continue to be here to protect you. Should you encounter hard times after buying your home, the FHA has many options to help keep you in your home and avoid foreclosure. Check it out