Nationwide Home Mortgage Loan Company

Lendfast.com - Few people realize that the sole purpose of the Federal Housing Authority (FHA), when it was initially created in 1934, is to insure lenders and to promote home sales. Before FHA, first time home buyers would have to live with Mom and Dad until they saved up a 20% down payment on their first home. FHA revolutionized the housing market by insuring the loans that lenders made and allowing down payments as low as 3%! (more…)

Et Tu, Brute? Why has FHA chosen to eliminate first time home buyer programs during the largest stagnation of home sells on record? Few people realize that the sole purpose of the Federal Housing Authority (FHA), when it was initially created in 1934, is to insure lenders and to promote home sales. Before FHA, first time home buyers would have to live with Mom and Dad until they saved up a 20% down payment on their first home.

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