FHA Loans or Federal Housing Administration loans are not a government loan all FHA means is that it is a government insured loan which can be obtained in most cases with 3% down payment. Majority of the time a property listed as CASH or CONVENTIONAL LOAN is because FHA loans have certain requirements that a property has to meet, however there are certain circumstances in which a FHA loan will blanket the cost of a fixer-upper The fixer-upper type loan combines the purchase price of the house and the cost of repairs in one agreement.
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