What Is a Federal Housing Administration Loan (FHA Loan)?

What Is a Federal Housing Administration Loan (FHA Loan)? An FHA loan may be a mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). Designed for low-to-moderate income borrowers, FHA loans require a lower minimum down payments and credit scores than many conventional loans. As of 2019, you’ll borrow up…

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