7 Important Things You Should Know about FHA Mortgages ...

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A conventional mortgage loan isn't your only option when buying a house; depending on your circumstances, FHA mortgages make sense. However, you might not consider this option if you’re unfamiliar with these particular loans. The truth is, FHA mortgages have helped countless achieve their dream of ownership. Here are a few important things to know about these loans.

1. The FHA Doesn't Issue Loans

FHA mortgages are insured by the Federal Housing Administration. However, this government agency does not issue loans. These loans are issued by approved mortgage lenders, therefore, you’ll need to go through a bank to obtain FHA financing for your house.

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