PLACERVILLE, CALIFORNIA

Real Estate

FHA is a victim of its own success

By From page C3 | November 30, 2012

My first home was financed with a FHA mortgage. I had applied for a conventional loan but was turned down because I didn’t have the required 10 percent down payment.  That’s when my banker suggested we try FHA. Two months later, I was moving into my first home. I kept that house and FHA mortgage for nearly 20 years and have been an ardent supporter of FHA loans ever since.

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