Just How Do I Go About Getting an FHA Mortgage?

In 2010, 30% of mortgage loans owed were insured by the Government’s Federal Housing Administration, in accordance with the “Wall Street Journal.” The FHA insures lenders against losses if homeowners default on their mortgages; that provides lenders the protection to take a lower down payment than on an uninsured mortgage–occasionally as low as 3.5%–which makes…