Second, FHA loans, called the bad credit home loan for years, allows for lower credit scores than do conventional loan programs. This is often times very helpful for the first time home buyer. Third, low interest rates. The rates that are available for FHA loan programs are just as good as conventional loans. And finally, low closing costs. The.
Fha Mortgage Lenders Texas Two Texas mortgage lenders have agreed to have their federal housing administration (FHA) approvals withdrawn after they were fined by the U.S. Department of Housing and Urban Development (HUD).