I am new to RE investment. I am looking to purchase my first property with the FHA program in NJ. Since I plan to use the FHA program, is it better to just go to a bank directly than to use a mortgage broker? Can a mortgage broker really get better rates, if FHA has such confined guidelines? Thank you in advance for the feedback!
Shop around for best rate. I did the broker route. Got a great FHA rate.
FHA is a great program, but there are a lot of rules and regs, so I'd absolutely use a broker. Small price to pay for the education you'll get, and the rates should be very competitive if you shop it.