Now an agency within HUD, the Federal Housing Administration was established in 1934 to advance opportunities for Americans to own homes. By providing private lenders with mortgage insurance, the FHA gives them the security they need to lend to first-time buyers who might not be able to qualify for conventional loans. The FHA has helped more than 26 million Americans buy a home.
Funky space? Think twice: When house-hunting, look closely at room shapes as well as sizes. Oddly shaped spaces can be interesting, but difficult to furnish–especially with the furniture you currently own.