Today, you can go online to apply for an FHA loan through multiple lenders, regardless of where they are physically located. This provides you with certain benefits. For one thing, you may have an easier time getting approved, and/or getting the kind of loan you want.
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FHA loan requirements – Borrowers can technically use FHA loans as many times as they like. The exception is if the FHA loan has a loan-to-value higher than 75 percent; only one of these loans may be outstanding at any one.
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FHA Loan – Overview, How to Apply & Qualify for an FHA Loan – FHA stands for the Federal Housing Administration. An FHA loan is a mortgage that is insured – or backed – by the federal agency. In other words, an FHA loan is a government-guaranteed mortgage. The loan enables individuals with lower credit scores to secure money to purchase a home.
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