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FHA Loans are backed by the Federal Housing Administration (Also known as FHA). FHA insures private florida fha approved mortgage lenders so they can offer loans to riskier borrowers with a lower down payment requirement. For example: FHA loans typically have a lower down-payment and better loan rates for borrowers with lower credit scores.
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Find out how an FHA loan in New Jersey can let you buy a home for as little 3.5% down. View the requirements, rates, and maximum loan limits for New Jersey
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