What is a FHA Loan?
When it comes time to buy a home, a loan will be required to cover the costs of the the house. The median income price in the United States is approximately $250,000 and for the vast majority of Americans do not have that kind of cash available. A FHA loan is a mortgage loan that is insured by the U.S. Government. Since the government insures the mortgage loan, lenders will be more willing to give out loans with fewer requirements and stipulations. With government insurance, lenders will give out more FHA loans since they know if the borrower can't pay the loan, the government will step in and cover it. If you're ready to get started, click apply here
"Your Guide To Homeownership"
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