tennessee fha: FHA for Tennessee Homebuyers - 06/12/12 01:39 AM
TENNESSEE FHA LOAN GENERAL INFORMATION
FHA stands for the  Federal Housing Administration. Congress created  FHA in 1934 to help homebuyers obtain financing for new home purchases.  FHA does this by insuring mortgages for single family and multifamily homes. FHA mortgage insurance provides FHA mortgage lenders with protection against a loss if a FHA homeowner defaults on their loan.  The loans must meet requirements established by the FHA to qualify for this insurance. FHA has insured over 34 million homes since 1934. FHA is the insurer of mortgages in the world. In Middle Tennessee and East Tennessee the maximum loan amount for a single family … (0 comments)