Since the insurance mitigates a lenders risk. a lender can offer competitive mortgage terms to borrowers who may have thin or imperfect credit. or little cash on hand. Over the past 72 years. FHA has been a mortgage industry leader. helping over 34 million Americans become homeowners at no cost to the taxpayers. I should add. in my own family. as an immigrant family. when my parents had only been here a little over 2 years. we grasped the American dream and owned our first home in America. It was insured and financed with an FHAinsured loan. I had no idea what it was at that time.
Keywords matched
immigrant