FHA Loans are great loans for First Time Home Buyers. A loan program that gives you the ability to put 3.5% down with guarantee Mortgage Insurance - is a great Win-Win.

FHA loans are Assumable! Assuming a loan can be a great way to sell a home while maintaing the current financing in tact for the new buyer.

Another great FHA highlight is allowing Non-Owner Occupant Co-Borrowers as co-signers. Loan Limits in High Area's are up to $729,750.

If you're looking to put less that 20% down - you may want to consider FHA - You can put a lower down payment and keep some money to buy new things needs for your NEW HOME!