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How is an FHA Loan Different From a Conventional Mortgage. – FHA vs Conventional Now that you've decided to jump into the home buying process, it's time to face the alphabet soup of mortgage loans.
An FHA loan is a loan that’s insured by the Federal Housing Administration. The FHA does not lend money, it just backs qualified lenders in case of mortgage default.
Which Is Better: An FHA or Conventional Mortgage? – Budgeting Money – FHA home loans are guaranteed by the federal government and issued by participating lenders. Unlike conventional home loans, FHA mortgage lenders do not.