A federal agency that insures loans offered by certain commercial lenders
FHA was created by the Department of Housing and Urban Development (HUD) and offers a variety of financing options to help families qualify for a mortgage. How it works is that FHA insures loans, so if you do not repay (default on), FHA covers the amount owed to the lender.
Mortgage definitions and Real Estate Terms, Consolidating loans, refinancing mortgages and reverse mortgage process available to anyone. This consumer information site contains several tools and guides to aid in purchasing or refinancing a home or commercial property.
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