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As FHA loans are returning to the forefront of the mortgage industry, many homebuyers have questions regarding their options in obtaining an FHA mortgage and the benefits of going with the FHA as opposed to using a conventional lending product. Some common 'negatives' that most people have heard concerning FHA loans - that obtaining one is a tedious process, that they require a 3% downpayment - it's important for potential homebuyers to educate themselves beyond these common conceptions before dismissing the possibility of obtaining such a loan.
Interested in learning more? Try downloading our FHA Loan Guide!