The Ins and Outs of the FHA Loan Process

You've probably heard people talk about, but what on earth is an FHA loan? And, is it the right choice for you? Let's start with the basics... An FHA loan is a government-insured mortgage. The money comes from a private lender, but if you default, the federal government picks up the tab. That way, private lenders don't have to be on the hook -- meaning they're much more likely to approve loan applications, because the risk has been eliminated.

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