- Source: Government-backed loan
A government-backed loan is a loan subsidized by the government, also known in the United States as a Federal Direct Loan, which protects lenders against defaults on payments, thus making it a lot easier for lenders to offer potential borrowers lower interest rates. Its primary aim is to make home ownership affordable to lower income households and first-time buyers.
United States
There are numerous types of government-backed loans, which vary dependent on the country and status of the borrower. Arguably, the most widely known type of government-backed loan is the US Federal Housing Administration FHA loan, in existence since 1934.
Other types of government-backed loans include the following:
American Dream Downpayment Initiative - ADDI
Good Neighbor Next Door
HOPE VI
Teacher Next Door Program
VA loan
State of New York Mortgage Agency – SONYMA
See also
FHA insured loan
External links
Office of Housing
Kata Kunci Pencarian:
- Pembiayaan sekunder perumahan
- Britania Raya
- SolarCity
- Government-backed loan
- Loan
- Federal Direct Student Loan Program
- FHA insured loan
- Mortgage-backed security
- Government National Mortgage Association
- Mortgage
- Freddie Mac
- Government-sponsored enterprise
- Lee Jae-myung
