It’s been almost 50 years since Lyndon Johnson signed the Fair Housing Act (FHA) of 1968, a landmark law passed in the. and Latinos were 2.4 times more likely to receive a subprime mortgage than.
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At NerdWallet, we strive to help you make financial decisions. according to the Pew report. Mike Andrews Jr., 29, has been a SAHD since 2012, when he quit his $10-an-hour job at a fast-food.
Whether you’re looking for a turn-key property, hoping to refinance your current home, or purchase a fixer-upper, DirectFHA can help you secure an FHA loan in the Andrews area. With an FHA loan, you can buy a property with little money down, or cash out using equity in your current home.
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The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans.
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