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FHA Mortgage Loans make homeownership possible for more people. The Federal Housing Administration (FHA), which is part of the U.S. Department of Housing and Urban Development (HUD), provides loan programs that make buying a home easier for those with lower credit scores, limited cash for down payment, and for those who may not qualify for other types of loans.
FHA will not cut mortgage insurance premiums – The report revealed that, over the course of fiscal year 2018, FHA endorsed 1.06 million forward loans, including 776,284 purchase loans. including a substantial increase in the number of cash-out.
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