Federal Housing Administration Loans

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Federal Housing Administration loans are a special program which is used to finance a property for people who would otherwise be unqualified due to high risk or low income. Federal Housing Administration loans are done by qualified lenders and are insured by the Federal Housing Administration. The down payment required is only 3% which is much less than the traditional 20%. Federal Housing Administration loans are popular with first time home buyers because of these features.

California Mortgage Rates

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