FHA does NOT make loans. The local lenders make them and the insurance that insures the loans is regulated by FHA in the form of MIP
See the original post here:
Is Fha A Reputable Mortgage Company? | FHA Mortgage Blog
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Tags: concern, FHA, from-the-previous, insurance, insurance fund, insures-the-loans, its-own, loans, mip, posted-the-concern, the-concern
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A mortgage backed and insured by FHA remains very popular for many New Jersey homeowners. Currently, the minimum down payment for FHA is 3.5%. However, later this year, buyers might need to have more than 3.5% to get an FHA-insured loan ...