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    The Federal Housing Administration is abbreviated as FHA. The FHA was created by congress in 1934 to make it easier for homebuyers to get a mortgage. They do this by insuring mortgages for single family and multifamily homes. The FHA mortgage insurance gives lenders protection against loss if a FHA homeowner defaults on their loan. The actual loan is made by a private lender, the FHA only insures it. Loans must meet the FHA requirements to qualify for this insurance. FHA and HUD have insured more than 34 million homes since 1934. They are the largest insurer of mortgages in the
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    for homebuyers to get a mortgage. They do this by insuring mortgages for single family and multifamily homes. The FHA mortgage insurance gives lenders protection against loss if a FHA homeowner defaults on their loan. The actual loan is made by a private lender, the FHA only insures it. Loans must meet the FHA requirements to qualify for this insurance. FHA and HUD have insured more than 34 million homes since 1934. They are the largest insurer of mortgages in the
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    mortgage insurance gives lenders protection against loss if a FHA homeowner defaults on their loan. The actual loan is made by a private lender, the FHA only insures it. Loans must meet the FHA requirements to qualify for this insurance. FHA and HUD have insured more than 34 million homes since 1934. They are the largest insurer of mortgages in the
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    is made by a private lender, the FHA only insures it. Loans must meet the FHA requirements to qualify for this insurance. FHA and HUD have insured more than 34 million homes since 1934. They are the largest insurer of mortgages in the
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    nce. FHA and HUD have insured more than 34 million homes since 1934. They are the largest insurer of mortgages in the world. The maximum loan amount for a single family FHA home varies by county, and is typically $200,000 to $250,000.

    To qualify for a FHA loan the applicant should have at least 2 years of steady employment, ideally in the same field. Income should be steady or increasing. Mortgage payments should be 30% or less of the applicant’s income. Total finance payments including the new home, auto payments, credit cards and other monthly accounts should not exceed

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