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Company Loan Type APR Est. Pmt.

HOW IS THE FHA FUNDED?

Posted on: 12th Sep, 2009 02:00 am
HOW IS THE FHA FUNDED?
Lender claims paid by the FHA mortgage insurance program. These funds are drawn from the Mutual Mortgage Insurance.

Borrowers pay insurance and from that paid insurance this fund is established.No tax dollars are used for the fund.
Posted on: 12th Sep, 2009 02:27 am
fha does not provide mortgage to individuals. however the provide necessary gyarantee to lender against mortgage.

PMI in case of FHAloan is 1.75%. it is the major source of income for FHA
Posted on: 12th Sep, 2009 10:24 am
yes FHA is like a coommon pool which is managed by all who wants to have their own house
Posted on: 12th Sep, 2009 11:38 am
Lender claims paid by the FHA mortgage insurance program are drawn from the Mutual Mortgage Insurance fund. This fund is made up of premiums paid by FHA-insured loan borrowers. No tax dollars are used to fund the program.
Posted on: 13th Sep, 2009 06:20 am
FHA is not funding mortgage to individuals. they are just providing guarantee to those who are willing to have affordable house & have good credit history.

in case of any default FHA is answerable to make payment of deficit
Posted on: 13th Sep, 2009 08:28 am


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Posted on: 20th Sep, 2009 10:17 am
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