Finance
Which type of loan is insured by the Federal Housing Administration (FHA) and is popular with Arizona first-time buyers due to its low down payment requirement?
AConventional conforming loan
BVA loan
CFHA loan✓ Correct
DUSDA Rural Development loan
Explanation
FHA loans are insured by the Federal Housing Administration and require as little as 3.5% down for borrowers with qualifying credit scores, making them popular with first-time buyers.
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