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fha loans: Down Payment Comparison: FHA Loans vs. Conventional Loans
- 11/12/13 09:43 PM
Why do people make such a big deal about being able to qualify for an FHA Loan?
Actually, that is a great question, because the loan backed by the US Federal Housing Administration (also known as the FHA Loan) allows a lot of people to afford to buy a home that otherwise could not.
What is an FHA Loan?
An FHA Loan is not actually a loan at all. It is insurance...on a home loan.
Well...THAT was not very helpful! We need a LOAN--not insurance.
Can we try explaining that again?
Yeah, you're right. Let's try explaining FHA Loans a little … (2 comments)
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Why do people make such a big deal about being able to qualify for an FHA Loan?
;)
;)
