HOW IS THE FHA FUNDED?

Lender claims paid by the FHA mortgage insurance program. These funds are drawn from the Mutual Mortgage Insurance.

Borrowers pay insurance and from that paid insurance this fund is established.No tax dollars are used for the fund.

fha does not provide mortgage to individuals. however the provide necessary gyarantee to lender against mortgage.

PMI in case of FHAloan is 1.75%. it is the major source of income for FHA

yes FHA is like a coommon pool which is managed by all who wants to have their own house

Lender claims paid by the FHA mortgage insurance program are drawn from the Mutual Mortgage Insurance fund. This fund is made up of premiums paid by FHA-insured loan borrowers. No tax dollars are used to fund the program.

FHA is not funding mortgage to individuals. they are just providing guarantee to those who are willing to have affordable house & have good credit history.

in case of any default FHA is answerable to make payment of deficit

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