Florida West Coast
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The Federal Housing Administration (FHA) is a subdivision of the Housing and Urban Development (HUD) Department of the U.S. government. The government backs these loans in order to allow lenders to offer home loans in Maryland to borrowers who otherwise do not qualify for a conventional loan; such as lower down payment options.

Borrowers are typically allowed to have less established credit, lower credit scores, and/or higher income to debt ratios. Because the financial requirements are easier to meet, FHA loans are often the home loan of choice for first-time homebuyers. FHA loans generally come with a mortgage insurance requirement. Mortgage insurance is basically the additional cost of obtaining a line of credit without sufficient evidence of your credit worthiness.