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While an FHA-insured loan carries rules about what you can finance, home-buyers do have some leeway, and are not required to settle for a traditional home. Mobile homes can be financed under a.
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FHA Loans and Other Manufactured Home Financing Options – An FHA loan is a loan guaranteed by the U.S. Federal Housing Administration. Wikipedia defines the FHA as: The FHA sets standards for construction and underwriting and insures loans made by banks and other private lenders for home building.
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FHA is an abbreviation for The Federal Housing Administration. Congress created the FHA in 1934 to make it easier for home buyers to get mortgages.
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