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2. How does a condo mortgage work? - AOL

   www.aol.com/finance/does-condo-mortgage...

   Condo unit must be your primary residence. FHA loan. You can search for FHA-approved condos through the U.S. Department of Housing and Urban Development (HUD) website. The qualifications for an ...

3. Are high prices keeping you from achieving homeownership ...

   www.aol.com/finance/pro-tips-buy-condo-2024...

   And if you’re looking to use an FHA mortgage, browse the listing of Federal Housing Administration approved condos found online to make sure any properties you have on your house-hunting list ...

4. Guide to first-time homebuyer loans and programs - AOL

   www.aol.com/finance/guide-first-time-homebuyer...

   FHA loan: Insured by the Federal Housing Administration, FHA loans allow you to buy a home with a minimum credit score of 580 and as little as 3.5 percent down, or a credit score as low as 500 ...

5. FHA insured loan - Wikipedia

   en.wikipedia.org/wiki/FHA_insured_loan

   An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA mortgage insurance protects lenders against losses. [1] They have historically allowed lower-income Americans to borrow money to purchase a home that they would not otherwise be able to afford.

6. Federal Housing Administration - Wikipedia

   en.wikipedia.org/wiki/Federal_Housing_Administration

   Additionally, approval rates for mortgage loans among minority applicants remained exceedingly low. Beginning in 1935, the FHA instituted guidelines designed to discourage private mortgage investors from extending loans to properties in minority areas. This practice, known as redlining, was made illegal by the Fair Housing Act of 1968. [31]

7. FHA loans: Definition, requirements and limits - AOL

   www.aol.com/finance/fha-loans-134807555.html

   Credit score minimum. 620. 580 with a 3.5% down payment or as low as 500 with at least 10% down. Down payment minimum. 3% for fixed-rate loans; 5% for adjustable-rate loans

8. Homeowner association - Wikipedia

   en.wikipedia.org/wiki/Homeowner_association

   However, by requiring approval of tenants and new owners, HOAs still have the potential to permit less formalized discrimination. In 1963, the FHA had approved federal home mortgage insurance exclusively for condominiums or for homes in subdivisions that had a qualifying HOA. The rationale was that developers wanted to get around density laws.

9. How to find the best FHA mortgage lender - AOL

   www.aol.com/finance/best-fha-mortgage-lender...

   FHA-approved lenders are limited to charging no more than 2 to 6 percent of the loan amount in closing costs. The FHA also allows sellers, home builders and lenders to cover some of your closing ...