Taraneh (Tara) Saljooghi

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What is an FHA loan?

Posted On: July 21st, 2022 12:28AM

An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. FHA home loans require lower minimum credit scores and down payments than many conventional loans, which makes them especially popular with first-time homebuyers. In fact, according to FHA’s 2020 Annual Report, more than 83 percent of all FHA loan originations were for borrowers purchasing their first homes.


While the government insures these loans, they are actually underwritten and administered by third-party mortgage lenders.

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