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Down Payment Comparison: FHA Loans vs. Conventional Loans
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 better than that.
Owning a home is nice, but it's so scary (to some people).
The US Government recognizes that the economy is stronger with a middle class, and one key part of becoming and sustaining middle class status and finances is HOME OWNERSHIP.  The US Government wants people to own homes.  Amongst other reasons, most people (including the government) believe that higher home ownership rates help stabilize the economy.
What is the scariest thing about buying a home for most people?
There might be a few answers...
The first home is usually the most difficult for a person to get, ... more

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