Requirements For A Fha Loan

A fresh start loan is a financial product used to pay off debt and rebuild one’s credit rating. It can be utilized after a series of financial setbacks has made it difficult for the borrower to obtain traditional funding.

 · An Introduction to the FHA Home Loan Program. To better allow lower income Americans to be able to borrow money for the purchase of a home, the United States Federal Housing Administration offers mortgage insurance to back loans provided by an FHA-approved lender.