FHA Home Buyers Program: For those ‘coming up’ or ‘coming back’ in life.

The official FHA Home Buyers Program webpage is here
https://www.benefits.gov/benefit/504 . It is a Federal program.

In a nutshell it is a Federally regulated home buyers program for people who are ‘coming up’ or ‘coming back’ in life. That means for example residents of poor communities, rural communities and who had poverty in life. The buyer (e.g. consumer) has to pay a compulsory mortgage insurance fee that covers the lender’s loses in the event they default on their mortgage. The Federal government will back the lenders who loan mortgage to home buyers that qualify through the fees they all pay. In exchange, the requirements for a mortgage are lower in terms of credit score. This allows people who are a ‘good risk’ to have a home sooner rather than later.

First off, the official guide.

The history of the FHA Home Buyers Program.

A case of a FHA Buyer’s Program success story.

Should you choose an FHA loan or a regular loan?

A realtor explains the FHA Buyer’s Program directly.

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