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What's An FHA Loan And How To Qualify?

Being approved for a loan is probably the first step to owning a house. FHA loan must be a good choice for you if you are a first-time homebuyer.

1. What Is FHA?

FHA is the abbreviation for Federal Housing Administration. It is part of the Department of Housing and Urban Development (HUD). The FHA offers loans to first-time homebuyers as well as those who are negative towards the prospects of qualifying for traditional loans.

What's An FHA Loan And How To Qualify?_1

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