Archive for August, 2013

The State of FHA Loans

FHA loans have been an important component of our real estate market over the years.  The key aspect of an FHA loan that distinguishes it from other loans is that FHA loans are government insured.  Anytime you finance a home above 80%, there is some sort of mortgage insurance in place to offset the risky nature of higher financing.  FHA is insured by the government using Mortgage Insurance Premium (MIP) while conventional loans are insured by Private Mortgage Insurance Companies ...

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