2. “ F H A” Choose FHA!

3. Qualifications Have a positive credit history spanning the last two years. Show consistent or increasing income. Have a steady employment record (two years or more with the same employer is perfect). Have no bankruptcies in the last two years. Keep the mortgage payment at approximately 30% of their gross income or less.

4. Pros Of

5. CREATION 1934 HUD-1965

6. WHY? Reform America Access to affordable homes

7. SERVED... 1940’s 1950’s-60’s-70’s Everyone

8. People It Served !

9. Purpose FHA Does Not Make Loans!

11. Cons There are limits to how much a person can borrow.

12. Bibliography The Federal Housing Administration (FHA).&quot; Housing and Urban Developments . 6 Sept 2006. U.S. Department of Housing and Urban Development, Web. 15 Feb 2010. < http://www.hud.gov/offices/hsg/fhahistory.cfm > Cornett, Brandon. “Pros and Cons of FHA Loans for Home Buyers”. First-Time Buyer Blog. 9 Feb. 2010 http://www.cornettcommunications.com/blog/pros-and-cons-of-fha-loans-for-home-buyers/ “ Looking back at the origins of FHA”. 9 Feb. 2010 http://1.bp.blogspot.com/_3r6sJNDbb 0w/SvwZj55bNtI/AAAAAAAAFUk/cEiOBmbWsfQ/s400/FHA+Woman%27s+Day.jpg New Deal Timeline. Chronology. 9 Feb. 2010 http://xroads.virginia.edu/~MA02/volpe/n ewdeal/timeline_text.html “ No More FHA Spot Approval for Condos.” 19 Aug. 2009. 9 Feb. 2010. http://ctrealestateunleashed.com/wp-content/uploads /2009/08/fha-logo.jpg “Pros and Cons of FHA Loans”. Financial We b. 9 Feb. 2010 http://www.finweb.com/mortgage/pros-and-cons-of-fha-loans.html “ What is an FHA Loan?” FHA. 9 Feb. 2010 http://www.f ha.com/fha_loans.cfm “What is FHA? FHA Mortgage Requirements”. FHA Loan Pros. 9. Feb. 2010 http://www.fhaloanpros.com/what-is-fha/ http://arizonarealestatehome.com/wp- content/uploads/2009/11/hud-logo.jpg

13. ACKNOWLEDGEMENTS Amber Housley Arthurline Bowen Caroline AbdulBaki Patricia Parker