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  • FHA Mortgage Eligibility An Introduction towards the FHA Home Loan Program The United States Federal Housing Administration offers mortgage insurance to back loans provided by an FHA-approved lender to better allow lower income Americans to be able to borrow money for the purchase of a home. There was a misperception that is common the FHA Residence Loan Program makes loans to borrowers, however in truth, they just insure loans produced by those authorized loan providers. This insurance coverage is agreed to protect loan providers in the case a debtor defaults on that loan. The FHA Residence Loan Program started within the 1930s to counter the results for the Great Depression whenever foreclosures and defaults had been typical. To invest in this system and get home loan insurance cove

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