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What to Know About FHA Loans

Realty Biz

They are designed to allow borrowers with lower credit scores and less money saved for a down payment to buy a home. The FHA limits the amount lenders can charge in closing costs, which can be paid by sellers or added to the loan amount. We take a look at FHA loan requirements. What are FHA Loans?

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FHA Guidelines

Real Estate Finance HQ

FHA lending guidelines are different from those of the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) simply because they’re designed specifically to help low-income prospective home buyers. Housing Ratio. Debt to Income Ratio. Housing Ratio.