FinancingPregunta 68 de 120
An FHA loan is best described as a loan that is:
a.Insured by the Federal Housing Administration and made by approved lenders
b.Made directly by the federal government
c.Guaranteed only for veterans
d.Exempt from all mortgage insurance
Explicación
FHA loans are originated by approved private lenders and insured by the Federal Housing Administration, which protects the lender against loss. They allow low down payments but require mortgage insurance premiums. The FHA insures rather than directly makes the loans.
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