How does FHA work?
By Colin Frangos, Monday, February 25, 2008.The U.S. Department of Housing and Urban Development offers a variety of loan insurance programs through the Federal Housing Administration which require approximately 3 to 5 percent cash down. FHA loan limits vary depending on the county where the property is located. FHA loans administered by HUD are originated by private lenders. For more information, contact lenders who offer FHA loans or a regional HUD office.
Resources:
U.S. Department of Housing and Urban Development, 451 7th St., Washington, DC 20410; call (202) 708-1112; hud.gov. http://www.hud.gov/offices/hsg/fhahistory.cfm
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