FHA Loans in Maryland: Everything You Need to Know For those unfamiliar, an FHA loan is a mortgage insured by the Federal Housing Administration that allows you to put down as little as 3.5% with a FICO score of 580. When it comes to its popularity, it has been discovered that first-time homebuyers are the most common group of people who consider this type of loan. What is FHA? Before beginning with this guide, first, you must know what an FHA is. Since 1965, the Federal Housing Administration has been part of the United States
Department of Housing and Urban Development. Few people realize that FHA was founded more than 30 years before 1965. This administration's sole goal is to make homeownership more affordable. What are the types of FHA Loans? You should be amazed to know that FHA loans offer a variety of loan options. The list goes from basic home mortgages, rehab mortgages, and construction loans to permanent loans, title improvement loans, and energy- efficient mortgages. Now, you can choose FHA loans in Lanham, MD, according to your requirements. CONTACT US HERE: Website: https://www.themarylandmortgagebroker.com/fha-loans/ Phone Number: (240) 308-5097 Address: 5001 Forbes Blvd suite H7, Lanham, MD 20706
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