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2. FHA insured loan - Wikipedia

   en.wikipedia.org/wiki/FHA_insured_loan

   The FHA does not make loans. Rather, it insures loans made by private lenders. [21] The first step in obtaining an FHA loan is to contact several lenders and/or mortgage brokers and ask them if they are FHA-Approved by the U.S. Department of Housing and Urban Development to originate FHA loans. Except in certain situations, it is also not ...

3. Federal Housing Administration - Wikipedia

   en.wikipedia.org/wiki/Federal_Housing_Administration

   Notably, 1 in 16 FHA loan borrowers maintains a credit score below 600, while the average credit score among first-time FHA loan borrowers stands at 677. These first-time homebuyers account for 82% of all FHA purchase loans. Additionally, 23% of all homebuyers opt for an FHA loan, with 28% of those aged 37 or younger choosing this financing option.

4. FHA loans: Definition, requirements and limits - AOL

   www.aol.com/finance/fha-loans-134807555.html

   Basic home mortgage loan or 203(b) loan: The 203(b) loan is the FHA’s main home loan program for buying a home or refinancing. These loans come with fixed and adjustable-rate options, as well as ...

5. Government-backed loan - Wikipedia

   en.wikipedia.org/wiki/Government-backed_loan

   There are numerous types of government-backed loans, which vary dependent on the country and status of the borrower. Arguably, the most widely known type of government-backed loan is the US Federal Housing Administration FHA loan, in existence since 1934. Other types of government-backed loans include the following:

6. Housing and Economic Recovery Act of 2008 - Wikipedia

   en.wikipedia.org/wiki/Housing_and_Economic...

   An FHA loan is a mortgage loan whose repayment is guaranteed by the Federal Housing Administration (FHA). The Act: Increased the FHA loan limit from 95 percent to 110 percent of area median home price up to 150 percent of the GSE conforming loan limit, or $625,000), effective January 1, 2009. Required a down payment of at least 3.5 percent for ...

7. FHA - Wikipedia

   en.wikipedia.org/wiki/FHA

   FHA may refer to: Fair Housing Act, part of the United States Civil Rights Act of 1968; Federal Housing Administration, a United States government agency within the ...

8. Government National Mortgage Association - Wikipedia

   en.wikipedia.org/wiki/Government_National...

   FHA also was tasked with chartering and regulating a national mortgage association that would buy and sell FHA-insured mortgages. In 1938, Congress amended the act to create the Federal National Mortgage Association, more commonly known as "Fannie Mae", to help mortgage lenders gain further access to capital for mortgage loans.

9. Graduated payments - Wikipedia

   en.wikipedia.org/wiki/Graduated_payments

   Graduated payments are repayment terms involving gradual increases in the payments on a closed-end obligation. A graduated payment loan typically involves negative amortization, and is intended for students in the case of student loans, [1] and homebuyers in the case of real estate, [2] who currently have moderate incomes and anticipate their income will increase over the next 5–10 years.