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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 ...
Buying an FHA-approved condo is easier today thanks to recent changes made by the Federal Housing Administration (FHA). Borrowers can take advantage of flexible FHA qualifying guidelines to ...
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 ...
FHA loan: An FHA home loan is a type of mortgage backed by the Federal Housing Administration. Such loans typically have lower credit score requirements than conventional loans, and may allow down ...
The FHA doesn’t make loans directly; instead, you’ll get an FHA loan from an FHA-approved mortgage lender. Many types of mortgage lenders, including banks and online companies, offer these ...
FHA adjustable-rate mortgage: Also used to purchase a primary residence, an FHA adjustable-rate mortgage is a type of home loan with an interest rate that changes over time. ARMs begin with a ...
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