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An FHA Streamline refinance is a simplified program specifically for FHA loan holders. It typically has lower credit score requirements than a traditional refinance and offers a simpler path with ...
Appraisal vs. home inspection. The FHA requires an appraisal (and so do many mortgage lenders for all kinds of loans, such as conventional loans), while an inspection is an optional but highly ...
Since the year 2008, the FHA has supported more than 4 million loans and facilitated mortgage refinancing for 2.6 million families, resulting in reduced monthly payments. [16] With the private subprime market, many of the riskiest buyers borrowed from the FHA instead, exposing the FHA to substantial potential losses.
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