Finance
What is an FHA loan and who insures it in Nevada transactions?
AA loan guaranteed by the state of Nevada
BA federally insured loan through the Federal Housing Administration, requiring lower down payments✓ Correct
CA loan from a federal savings institution
DA loan for agricultural properties backed by USDA
Explanation
FHA loans are insured by the Federal Housing Administration (part of HUD). They allow lower down payments (as low as 3.5%) and more flexible qualification standards, making them popular for first-time buyers in Nevada's Las Vegas and Reno markets.
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