What is an FHA loan?

What is an FHA loan? (Alberta Times) The Federal Housing Administration (FHA) was established in 1934 to promote the development of the housing market. At that time...

(Alberta Times) The Federal Housing Administration (FHA) was established in 1934 to promote the development of the housing market. At that time, the rate of homeowners who owned their own homes was still very low. Over the past seventy years, the FHA has helped approximately 34 million low- and middle-income households achieve their dream of owning a home. FHA itself does not provide loans to home buyers, but provides guarantees for home buyers. If the borrower is unable to repay the loan, FHA will be responsible for paying off the loan. This increases the loan bank's willingness to lend and helps home buyers who do not have sufficient loan conditions to realize their dream of buying a home early.

If you want to buy a house, but are not sure whether you can afford to buy a house, or what price you can buy, you are very welcome to call or email me and let me make a rough financial analysis for you and help you take the first step to complete the American dream. My hotline is (480) 612-4545, and my email is Rich@RichLiao.com