Is the FHA heading down the fiscal drain like Fannie Mae and Freddie Mac, which have required billions in federal assistance just to stay in business? The good news answer for FHA’s traditional.
As our FHA mortgage info section points out, The Federal Housing Administration was established in 1934 by the United States government. Buyers will find that the qualifications for a FHA loan make it.
This loan is preferred by first time buyers or those with not an impressive credit history because the FHA lending policy doesn’t depend. the minimum credit requirements, the minimum down payment.