fha loan -The FHA loan provides one of the most competitive home loans today. Loans start at 3% down and a FICO of 580. https://www.cambridgehomeloan.com Many people dream of owning their own homes (the American Dream) but only very few are able to pay cash for them. This is why FHA mortgages are one of the most popular methods in order to find a source for consumer credit. People who could not otherwise afford to own a house become homeowners can become homeowners with the help of the FHA mortgage insurance programs.
The FHA stands for the Federal Housing Administration. It is part of the U.S. Department of Housing and Urban Development (HUD) One of the top priorities of the FHA is to help people obtain financing for the purchase of their homes.