fhaloan: What is a FHA Loan?
- 02/01/13 03:43 AM
There are many types of loans out there to help make the dream of homeownership a reality for home buyers. For those homebuyers that don't have a large sum for a downpayment, there is a great loan program that they can benefit from. One of these loan programs is FHA. A FHA loan is a loan that is insured by the Federal Housing Administration, thus giving the borrower credibilty with lenders. FHA insured loans are a type of federal assistance and have historically allowed lower income Americans to borrow money for the purchase of a home that they would not otherwise (1 comments)