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The FHA Loan is the type of mortgage most commonly used by first time home buyers and there’s plenty of good reasons why. fha loan guide. First Time Home Buyers Know the Basics and Improve Your FHA Loan Chances. As a first-time homebuyer, there might be a lot of unknowns.

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Rehab loans are great for fix-and-flip businesses and buying rental properties that need a little work done. Rehab loans offer investors a short-term loan with interest-only payments, quick approval times, and facilitate both the purchase of a house and the renovation financing in a single loan.

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