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FHA Loans Then and Now
FHA loans had their genesis in the Great Depression and were meant to make housing more affordable for everyone who wanted to realize their American Dream. For a long time, FHA loans have served their purpose, to make America a nation of homeowners. During this recession, the American Recovery and Reinvestment Act of 2009 again puts FHA to the front, helping make home ownership more affordable for the first time homebuyers with the help of tax credits.
