Federal Housing Administration

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Across
  1. 1. Primary focus of FHA support for homeownership.
  2. 3. Numerical representation of a borrower's creditworthines
  3. 4. Evaluation of a property's value conducted by a licensed appraiser
  4. 5. Evaluation process determining eligibility for an FHA loan
  5. 6. Ratio of a mortgage loan to the appraised value of the property
  6. 7. Payment Initial amount paid to secure an FHA-insured mortgage
  7. 9. Gradual repayment of a mortgage through scheduled payments.
  8. 11. Legal process where a lender reclaims a property due to default.
  9. 12. Legislation that established the Federal Housing Administration in 1934.
Down
  1. 2. Fee paid by FHA borrowers to insure the loan against default
  2. 8. Discriminatory practice affecting FHA lending in the past
  3. 10. Failure to meet mortgage payments, triggering FHA insurance.