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Many people with limited cash-to-close funds have been applying for FHA loans for decades. Since 1934, the fha insured loans (loans backed by the Federal Housing Administration), but in more modern years as the FHA loan approval process became swifter, these loans are even more popular. Maybe you’re thinking of applying for an FHA loan, because the down payment requirement is just 3.5 percent.
Low advertised interest rates distract borrowers from the many fees that can significantly drive up the overall cost of a mortgage. Therefore, borrowers should strive to become fully aware of any.
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FHA Online Application. As a free service, we can help you determine the maximum mortgage amount for which you could qualify.If you wish, we can also secure a no-obligation pre-qualification letter from a lender in your area who will guarantee your loan request and (‘lock’) the lowest possible rate.
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