An FHA loan is a mortgage loan that’s backed by the Federal Housing Administration. Borrowers are required to pay a mortgage insurance premium, which reduces the lender’s risk if a borrower defaults.
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What the government shutdown means for home loans – Single-family FHA loans are being funded, even during the shutdown. That’s why the shutdown could give you a chance to grab a good mortgage rate. “Our expectation is that this will be a short-term.
Conventional, FHA or VA mortgage: Which is right for you? – For most mortgage borrowers, there are three major loan types: conventional, FHA and VA. Here is how they compare. Who they’re for: Conventional mortgages are ideal for borrowers with good or.
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