Aug 28 2018

FHA Loans – 7 Crucial Facts About FHA Loans, fha loan.#Fha #loan

7 crucial facts about FHA loans Christian Science Monitor/Getty Images What is an FHA loan? Less rigorous lending standards and lower down-payment requirements make FHA loans popular with mortgage borrowers. An FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan. Why people get FHA loans Because of that insurance, lenders can — and do — offer FHA loans at attractive interest rates and with less stringent and more flexible qualification requirements. The FHA is an agency …