So I was looking at an article about creative ways for financing and noticed an interesting “factoid.”

7. FHA mortgage loans. The Farm Home Administration doesn’t actually loan the money, but guarantees your loan for the bank, so they can loan up to 97% of the purchase price, depending on the particular FHA program.

Hmmm…I thought to myself, I’ve never heard of the Farm Home Administration…

After some diligient research the best I could figure out is that the Farm Home Administration used to provide loans for a very small portion of the population who were rural farmers. From what I could find, the imposter FHA no longer exists, but similiar loans are offered by the Farm Service Agency, or FSA.

Point being, there is a lot of information out there about FHA loans and it’s important to examine everything with a critical eye. Granted, that pretty much goes for the internet as a whole, but when it comes to a big decision like taking out a loan it’s critical to get all of the correct facts.

Additionally, if you did check out the article – ignore number eight. That is the single worst idea of all time and you will end up not speaking to at least 2 people for a minimum of 15 years.

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