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Home Mortgage Lending

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An FHA (Federal Housing Administration) loan is a government-backed home mortgage loan with more flexible lending requirements than conventional loans. Because of this, FHA mortgage interest rates may be somewhat higher. The buyer may also have to pay monthly mortgage insurance premiums, along with their monthly loan payments.

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"It is significantly lower than [the] 3.69 percent per annum for a two-year fixed mortgage [offered] in March this year,

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