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An FHA loan is a government-backed mortgage that makes purchasing a home easier for first-time homebuyers or folks who can't easily qualify for a.
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Usda Guaranteed Loan Credit Requirements Usda Home Loan Eligibility The USDA loan, which is also known as a Section 502 loan, is a no-downpayment mortgage program backed by the U.S. Department of Agriculture. Loans are made through a mortgage lender and routed to the USDA for final approval.