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FHA Home Loan Quote

written by Loan Smart Team Smart Team June 7, 2018
FHA Home Loan Quote

What is a FHA Home Loan

An FHA home loan is a mortgage insured by the Federal Housing Administration. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan. FHA loans are very popular, especially with first-time home buyers. Borrowers can typically qualify for an FHA loan with a down payment as little as 3.5% and a credit score of 580 or higher.

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