Finance
An FHA loan in Louisiana differs from a conventional loan primarily because:
AFHA loans are made directly by the federal government
BFHA loans are insured by HUD, allowing lower down payments and more flexible qualifying standards✓ Correct
CFHA loans have no interest charges
DFHA loans are only available for commercial properties
Explanation
FHA loans are insured by HUD's Federal Housing Administration, which protects lenders against default. This allows lenders to offer lower down payments (as low as 3.5%) and more flexible qualification standards.
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