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FHA loans: How they help you purchase a home

Taking out an FHA loan? You have plenty of company. The Federal Housing Administration, also known as the “FHA,”  is the largest insurer of mortgages in the world. So how does the FHA work? And how does it help you buy a home? The FHA, which is part of the U.S. Department of Housing and Urban Development, doesn’t actually provide home loans. It provides mortgage insurance on loans made by lenders throughout the United States and its territories. Since it was created in 1934, the FHA has insured more than 34 million properties. The insurance helps protect lenders ag...

December 11th, 2014 | FHA Loans, Mortgage Options, FHA loans: How they help you purchase a home