An HFA loan and FHA loan might sound the same But are completely different! #affordablehousing

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#realestate An HFA loan and FHA loan might sound the same — and have similar characteristics, like a low down payment — but they are two separate types of mortgages. Let’s dive into some of the similarities and Types of HFA loans There are two types of HFA loans: Fannie Mae’s (called HFA Preferred) and Freddie Mac’s (known as HFA Advantage). Some states offer both HFA Preferred and HFA Advantage loans; some opt to go with one type exclusively. #affordablehousing #firsttimehomebuyer #mortgage #luxliferealtor #hud
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