Federal Housing Administration (FHA) Archives

The federal agency established in 1934 to advance homeownership opportunities for all Americans. It assists home buyers by providing mortgage insurance to lenders to cover most losses that may occur when a borrower defaults; this encourages lenders to make loans to borrowers who might not qualify for conventional mortgages. Source: HUD

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How to Finance a Home Renovation

August 19, 2020

If you're buying a home that needs some work, here are two special types of home loans that allow you to finance the purchase and borrow the cash you need for renovations. And we're not talking pocket change. We're talking tens of thousands of dollars for repairs and improvements.

Down payment, Fannie Mae, Federal Housing Administration (FHA)