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The Federal Housing Administration provides a loan guarantee program in lieu of private mortgage insurance so qualified borrowers can get a mortgage loan with a low down payment. The FHA doesn't lend you the money, they guarantee the loan, so the lender doesn't take on a financial risk by extending you credit
What else can I help you with?
What are the interest rates for an FHA loan?
The interest rates for an FHA loan differ depending on the type of FHA mortgage, such as adjustable rate, fixed rate, energy efficient mortgage, graduated payment mortgage, etc.
Will mold hurt an FHA 203k loan?
Mold Remediation is an eligible repair item for both versions of the FHA 203k Loan (Streamline and Standard/Full).
Can you finance any property with FHA?
Not any property. FHA has a certain standard and rules of the condition of property or type of property before providing a loan.
How do I obtain an FHA loan?
Almost anybody can get an FHA loan. There are no income limits the FHA loan is a federal assistance mortgage loan in the United States insured by the Federal Housing Administration.
Can you get an FHA loan with an LLC?
No, you cannot get an FHA loan with an LLC. FHA loans are only available to individuals, not to businesses like LLCs.
What should I look for when applying for FHA loan?
Answering "What should I look for when applying for FHA loan?"
Is a FHA loan is a type of financial aid?
False, An FHA loan is NOT a type of financial aid.
Is FHA mortgage owner occupied?
If you're trying to obtain an FHA loan then the answer is 'yes'. If you own an investment property that has an FHA loan, then you can streamline it.
Is a gse loan a fha loan?
yes
What is the difference between a fha loan and a conventional loan?
An FHA loan has more guidelines and rules than a conventional loan does. An FHA loans are only available on certain houses and you can get a conventional loan on any house if your credit meets the requirements.
How can I FHA refinance my home mortgage loan?
The federal government administers FHA loans. Any information that you desire to learn about refinancing a government FHA loan can be found on the FHA web site.
Do you have to be married to get an FHA loan?
No.
