An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.FHA home loans require lower minimum credit scores and down payments than many conventional loans.
Although the government insures the loans, they are offered by FHA-approved mortgage lenders.
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Please contact us at (510) 463-1003.