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Do you have a minimum loan amount for FHA
Do you have a minimum loan amount for FHA?
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1 Reply
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The Federal Housing Administration (FHA) does not set a particular smallest loan amount. Nevertheless, private lenders may influence their minimums by their lending policies. In general, these loans are designed to serve those with lower or moderate incomes, and for this reason, they are commonly used in financing more affordable homes, which may require smaller amounts of money borrowed. Before making any assumptions, you should consult with your chosen lender about their minimum loan size.
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