FinancingGovernment LoansEASY
Which government agency insures FHA loans?
Correct Answer
B) Federal Housing Administration
The Federal Housing Administration (FHA), part of HUD, insures FHA loans. FHA does not make loans directly but insures loans made by approved lenders, reducing lender risk.
Answer Options
A
Federal ReserveB
Federal Housing AdministrationC
Fannie MaeD
Veterans AdministrationVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
fha-loan-requirementsgovernment-sponsored-enterprisesva-loan-guarantees
Key Terms:
FHAFederal Housing Administrationmortgage insuranceHUDgovernment-backed loans
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