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FHA Loan or a VA
Loan?
Congress created the Department Of Housing and Urban Development (H.U.D.) in order to promote the "American Dream" of home ownership. This is a tough task to accomplish. The department must ensure that there is no discrimination in lending practices across the nation. Further it attempts to work with local lending institutions and state government to help promote affordable housing.FHA is the Federal Housing Administration. This tends to be the active promoting arm of HUD's basic mission. The administration insure loans, helps to promote stable and growing communities in a fair manor. FHA is commonly referred to as the "first time home buyer" loan. Although it is not only for first time home buyers, it's guidelines are used to approve loans and they are the insurer of the majority of first time buyer loans.
Review HUD'S / FHA mission statementLearn More.
Consumer Guidesand Info that may help
a FHA Loan Borrower.
H.U.D
| VA
| Fannie Mae
| Freddie Mac |
Federal Trade Commission
Consumers guide
to mortgages | Federal
Office Of Thrift Supervision |
Federal Comptroller of
Currency Ginnie
Mae |
Rural Loan
Program |
Federal Reserve Board Mortgage Info |
Federal Financial
Institutions Examination Council (HMDA) |
Bureau of Labor
Statistics | US Dept of
Labo
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