FHA Loans are loans that are insured against loss by the Federal Housing Administration. The FHA, in itself, does not loan money. Financial institutions are willing to make mortgages with smaller down payments since their risk of loss is reduced by the FHA insurance. Therefore, an FHA loan is an opportunity for someone to purchase who may not have the ability to save enough for a standard 20% down payment.
This section discusses FHA loans. Your questions, comments, and concerns are welcome.
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