Posts Tagged ‘LoanType’
FHA Loans: Qualifications and Benefits
An FHA loan is a home purchase and refinance loan, similar to a conventional mortgage. The difference between the two is that FHA loans feature mortgage insurance from the Federal Housing Administration. So rather than making mortgage loans to home buyers or refinancing households, the FHA provides mortgage insurance to banks, credit unions, and other…
Read MoreFHA Loan Requirements Make Home Buying Easier
Federal Housing Administration (FHA) Loans are a lot more flexible than many other programs. An FHA loan is an affordable way for first-time and repeat home buyers to buy or refinance a home. Since the federal government insures FHA loans, they have no income limits and can be lenient about credit score and debt history,…
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