Finance
Which loan type is insured by the Federal Housing Administration and allows for a lower down payment?
AConventional loan
BVA loan
CFHA loan✓ Correct
DUSDA loan
Explanation
FHA loans are insured by the Federal Housing Administration and allow qualifying borrowers to purchase a home with as little as 3.5% down payment, making homeownership accessible to buyers with less savings or lower credit scores.
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