Darling...

I might as well confess to you my dear readers. I am falling in love with it all over again.  I neglected it for three years.  Conventional and Subprime loans just seemed so much more attractive, plain sailing, uncomplicated, undemanding (Or so I thought) .

Like a ship in the night I quietly marooned my numero-uno.

It was a fun three years.  But reality set in.

It's not all as it promised. 

Now I'm paying my dues and I want the real thing. 

As John Eldredge would tell me, "You want the Bahamas, she's the North Atlantic."

FHA loans would you take me back?

Aaron Dehart shares his thoughts on FHA loans:

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"FHA loans are designed for first time homebuyers who have little or no money down."

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• FHA aka government loans have made a tremendous comeback in the Real Estate and Lending world.

• FHA loans are designed for first time homebuyers who have little or no money down. Although it is not a requirement from FHA to be a first time homebuyer, I highly recommend them for anyone who is putting down less than 10% on a home.

• FHA has no "Pricing adjustments" which means unlike conventional loans, FHA loans will not punish a borrower with a higher rate for having lower credit scores, a higher loan to value, or increased debt to income ratios.

• FHA Loans are traditional full documentation loans, no stated income or no documentation loans. The borrower must provide proof of income, assets, and any other documentation that is required by underwriting. The borrower must prove that they have the ability to repay the loan. There are no pre-payment penalties, which will make it much easier on the borrower to refinance or sale the home if the need arises. Moreover, FHA makes it extremely easy for a client to refinance from an FHA-to-FHA loan, also known as a streamline refinance, requiring very little or minimum documentation from the borrower, since it is just a change in the rate.

• FHA is probably one of the only avenues left that will allow 100% plus financing. There are numerous government-funded programs that assist in down payment and closing cost that help people realize the dream of home ownership. Grants, bonds, private money seconds are a few of the sources that can accomplish this and are not hard to attain.

My friend, the bottom line is very simple; if you are a first time homebuyer or have little or no down payment and have had credit issues in the past, FHA loans will be the best source for you to attain home financing.

They are simple, black and white, make sense loans with make sense underwriting that have helped hundreds of thousands of people attain their dream.