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Glossary Term: FHA

Definition(s) for FHA:


1. ) Federal Housing Administration; established in 1934 to advance homeownership opportunities for all Americans; assists homebuyers 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.


See Also:
FEDERAL HOUSING ADMINISTRATION (FHA), FEDERAL HOUSING ADMINISTRATION (FHA), FHA EXPERIENCE, FEDERAL HOUSINGADMINISTRATION (FHA), FEDERAL HOUSING ADMINISTRATION FHA


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