FHA Loan
- September 18, 2014
- Mortgage Loan
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An FHA (Federal Housing Administration) mortgage is a government-backed loan with more flexible lending requirements than those for Conventional loans. These loans will have higher mortgage insurance premiums and will require it to remain on the loan for longer periods of time, in some cases the life of the loan. FHA loans may be preferred due to a lower down payment of 3.5% and an easier qualification process.
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