FHA Loans. Find out if you can
benefit.
The National Housing Act of 1934
created the Federal Housing Administration (FHA). FHA does not
issue loans, FHA loans are given by approved lenders and the loans that
are insured by the government. An FHA insured loan is a Federal Housing
Administration mortgage insurance backed mortgage loan which is
provided by a FHA-approved lender. FHA primarily serves people
who cannot afford a conventional down payment or otherwise do not
qualify for PMI (private mortgage insurance).
- Easier credit qualifying
- Government-insured fixed-rate
products
- Lower down payment
- Cash-out options available
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