203(b): FHA’s unmarried nearest and dearest system that offers mortgage insurance policies in order to loan providers in order to stop brand new debtor defaulting; 203(b) can be used to invest in the acquisition of the latest or present one to five family relations property; 203(b) insured finance are recognized for demanding a decreased deposit, flexible qualifying advice, restricted fees, and you may a threshold to the maximum loan amount. [Read more…]