Urban Living Center

What does this mean for you the consumer? An FHA (Federal Housing Administration) loan allows your down payment to be as low as 3.5% of the purchase price, versus a conventional loan which can require as much as 20% down. Additionally, with an FHA loan most of your closing costs and fees can be included in the loan which can really benefit any buyer, but especially first-time buyers.

Another advantage of an FHA are less stringent credit guidelines. This makes FHA loan more attainable for more buyers.

The Western Auto Lofts join a growing list of lofts and condominiums in Kansas City that have been approved for FHA financing. Check back often for more updates and as more properties are added. To inquire about a specific property contact the Urban Living Center.

To find out more about FHA loans visit the official FHA page via the US Housing and Urban Development Page.