HA loans for bad credit aren?t as uncommon as you might think ? nearly one out of five home buyers use this type of loan to secure their mortgage. Despite being the single largest purchase most of us will make, buying a house is far more than a simple investment in real estate ? it?s finding a home.
But while home ownership is a dream many of us share, it?s hardly an inexpensive one. And it?s the high cost of buying a home that makes a mortgage necessary for the majority of buyers.
Since many people who could otherwise afford to purchase a home don?t have the credit scores or down payment to qualify for a regular mortgage, the best option is usually a loan insured by the Federal Housing Administration (FHA).

Darryl founded Smith Financial Advisors Inc. in 2006 after over 30 years experience in financial services including Mergers & Acquisitions, Investment Banking and traditional Commercial Banking activities at Bank One. Smith Financial Advisors is a Registered Investment Advisor in the State of Illinois. The firm specializes in Investment management, financial planning, and retirement planning.