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What exactly is a Federal Housing Administration Loan (FHA Loan)?

What exactly is a Federal Housing Administration Loan (FHA Loan)? An FHA loan is a home loan given by an lender that is FHA-approved insured by the Federal Housing management (FHA). Created for low-to-moderate income borrowers, FHA loans need a lesser minimum down payments and fico scores than numerous traditional loans. At the time of…

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