May 31, 2007
FHA Loans - Help for First-Time Buyers
FHA Loans - Help for First-Time Buyers
If you have little or no money for a down payment, iffy credit and too many bills, an FHA loan could be what you need to buy a house.
The Federal Housing Administration, a part of the Department of Housing and Urban Development, was created 70 years ago to help first-time buyers, especially low-to-moderate income families and minorities, get the financing they need.
You can apply for an FHA-backed loan from most banks and mortgage companies.
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