Archive for April 1st, 2009

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Apr

FHA Mortgage- What is the FHA Spot Loan

by Derek Weeks - Denver Realtor
Published in: Home Buyers, Mortgage Market in the News

FHA stands for ‘Federal housing administration’ and the loan program is specially to provide an opportunity of purchasing a unit in a non-approved condominium project where Federal housing administration is limited. This cannot be used to circumvent the general requirement before the approval of mortgage on a unit insured by Federal housing administration loan.