Fha Fixed Rate Loans What Are The Pros And Cons Of An FHA Loan?

What are the Pros and Cons of an FHA Loan? - fha fixed rate loans

In a buyer for the house for the first time in Los Angeles and have to buy 20% down payment on a house. I qualified for a loan at a fixed rate FHA to 4.8% for 30 years. I am thinking of buying a house for 400,000 dollars under FHA rules you have to pay $ 14,000 down and close the cost of the course.

For those of you who have bought a house with an FHA loan ... What are the pros and cons of this loan?

Thank you in advance for any help, I guess