In the early 1960's a
new type of mortgage loan was designed specifically for senior homeowners who wished to access the equity in their home while aging in place.
In the early 1960's a
new type of mortgage loan was designed specifically for senior homeowners who wished to access the equity in their home while aging in place.
HUD (the Federal Government's Department of Housing & Urban Development) and its subsidiary the FHA (Federal Housing Administration) are in the business of insuring certain
types of mortgage loans offered by chartered banks.
The homeowner may choose to trust the information from a single website or obtain information about the same
type of mortgage loans from several different websites to find which ones have the best, most detailed information.
FHA loan programs are typically one of the
easiest types of mortgage loans to qualify for because it requires a low down payment and you can have less - than - perfect credit.