Can FHA home loans be taken out with any company?
No, the mortgage company must be pre-approved by the scheme. The mortgage product must also conform to specific FHA regulations and conditions. More information on the FHA The Federal Housing Administration was established by the government in 1934 and is currently the world’s biggest home loan insurer. It was of enormous importance in the mid-1940s when many homes were needed for returning war veterans and their families. For more information on VA home loans, click here. To date the program has underwritten over thirty million homes across America and is without doubt one of the contributing factors towards the country’s significant home ownership spurt. Where buying a home was once a pursuit reserved for the financially wealthy with over 60% of the population in rented accommodation, Americans are now much more likely to buy their homes with an estimated one in three opting to rent. The FHA is a completely self-sufficient government agency; it generates and operates on its own reven
