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What are the benefits of using FHA-insured financing?

There are several benefits to using FHA-insured financing. With these loans, borrowers may be able to buy a home with a low down payment and a low interest rate. Those purchasing HUD foreclosure homes may be able to qualify for a repair escrow account if they use FHA-insured financing.

FHA runs financing incentive programs in certain areas. Check with your local lenders to see what programs are currently available.