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2. FHA insured loan - Wikipedia

   en.wikipedia.org/wiki/FHA_insured_loan

   The FHA does not make loans. Rather, it insures loans made by private lenders. [21] The first step in obtaining an FHA loan is to contact several lenders and/or mortgage brokers and ask them if they are FHA-Approved by the U.S. Department of Housing and Urban Development to originate FHA loans. Except in certain situations, it is also not ...

3. Federal Housing Administration - Wikipedia

   en.wikipedia.org/wiki/Federal_Housing_Administration

   Notably, 1 in 16 FHA loan borrowers maintains a credit score below 600, while the average credit score among first-time FHA loan borrowers stands at 677. These first-time homebuyers account for 82% of all FHA purchase loans. Additionally, 23% of all homebuyers opt for an FHA loan, with 28% of those aged 37 or younger choosing this financing option.

4. Mortgage broker - Wikipedia

   en.wikipedia.org/wiki/Mortgage_broker

   The nature and scope of a mortgage broker's activities vary with jurisdiction. For example, anyone offering mortgage brokerage in the United Kingdom is offering a regulated financial activity; the broker is responsible for ensuring the advice is appropriate for the borrowers' circumstances and is held financially liable if the advice is later shown to be defective.

5. FHA construction loan: What it is and how to get one - AOL

   www.aol.com/finance/fha-construction-loan-one...

   An FHA construction loan is a type of FHA loan that covers the cost of building a home, including the land or lot purchase, building materials and labor. ... From there, a real estate agent can ...

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

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

   Basic home mortgage loan or 203(b) loan: The 203(b) loan is the FHA’s main home loan program for buying a home or refinancing. These loans come with fixed and adjustable-rate options, as well as ...

7. How to buy a house with low income - AOL

   www.aol.com/finance/buy-house-low-income...

   The loan officer could also prequalify you so you’ll know how much you can afford. Find a top buyer’s agent: Having a good real estate agent can help you find the best deals on properties ...

8. Loan officer - Wikipedia

   en.wikipedia.org/wiki/Loan_officer

   In the United States, loan officers held about 354,800 jobs in 2022. The largest employers of loan officers were as follows: [4] Credit intermediation and related activities - 82%; Management of companies and enterprises - 4%; Automobile dealers - 3%; The credit intermediation industry includes commercial banks, savings institutions, and ...

9. 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 ...