An FHA loan is insured by the Federal Housing Administration and protects lenders from financial risk. Lenders have to meet certain criteria for their loans to be termed “FHA-approved,” after which the FHA backs the loans the lender issues in case a borrower defaults on the mortgage. Borrowers must also meet requirements to qualify for one of these loans. | FHA.com
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An FHA loan is insured by the Federal Housing Administration a…
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In simple terms, equity is the difference between your assets and the cost of liabilities. In terms of real estate, equity is the difference between the current value of your property and the amount you still owe on the mortgage. | FHA.com
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1.8K views | The down payment is a percentage of the purchase price and the initial “upfront” payment made when buying property. The down payment is essentially seen as your investment in the mortgage, since you stand to lose it if you default on the monthly payments that come after. | FHA.com | Facebook
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8.4K views · 81 reactions | You better believe those FHA and VA appraisers are gonna finding that peeling paint, cracked windows and missing hand rails! #fhaloan #valoan #mortgage #homebuying | Rachelle Peters, Realtor - Genesis, LLC, Realtors | Facebook
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