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FHA mortgage
In Real Estate terminology how do you define what "FHA mortgage" mean exactly?
It's a government loan (like the VA) and is insured by the Federal Housing Administration (FHA).
International Level: Politics 101 / Political Participation: 0 0%
FHA: Higher fees for some
Mortgage News
Borrowers who take out an FHA mortgage of more than $625,000 will have to pay higher fees as of next week.
Source: Bankrate.com » Mortgages
Name: Gyaneshwar
Country:
Title: About FHA loan
Comments: This is government loan or in simple words whenever a person takes a loan FHA provides A type of insurance to the loan, if that person dies the FHA will pay the Mortgage Amount to the concerned Bank or the lender. And FHA makes profit just like the insurance company.
Please correct me if I am wrong. I love learning.