An FHA loan is a flexible type of loan for home buyers to discover when considering their loan options. Additionally, the FHA loan is often the preferred home loan for first-time home buyers. The following information will detail what home buyers should know before choosing an FHA loan.
What Is an FHA Loan?
An FHA loan is a loan that is backed by the Federal Housing Administration. FHA loans are very common, often among home buyers on a budget and first-time home buyers. Interested home buyers with a small down payment saved and who may not be able to afford a conventional loan often turn to the…
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