FHA Mortgage Loans And The First Time Home Buyer

Although FHA Mortgage Loan financing was not originally designed for the First Time Home Buyer, it’s mortgage qualifying characteristics and requirements make it ideal for the buyers looking to purchase their first home.

Back in 1934 the Federal Housing Administration (FHA) was established to improve housing conditions and standards.  It had a goal of providing adequate and accessable home financing through the government insurance of mortgages, with an additional goal of stabilizing the mortgage market.

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