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FHA Mortgage

A mortgage on which the lender is insured against loss by the Federal Housing Administration, with the borrower paying the mortgage insurance premium. All Southwest Funding retail mortgage branch offices can originate FHA mortgages with the companies' Direct Endorsement approval from HUD. The company sets up each retail mortgage branch office with its own HUD approval, which can be done in less than 24 hours and allows loan officers to begin originating FHA loans right away.

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