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词条 Government-backed loan
释义

  1. External links

{{Use American English|date = March 2019}}{{Short description|loans subsidized by governments}}{{Use mdy dates|date = March 2019}}

A government-backed loan is a loan subsidized by the government, which protects lenders against defaults on payments, thus making it a lot easier for lenders to offer potential borrowers lower interest rates. Its primary aim is to make home ownership affordable to lower income households and first-time buyers.

There are numerous types of government-backed loans, which vary dependent on the country and status of the borrower. Arguably, the most widely known type of government-backed loan is the US Federal Housing Administration FHA loan, in existence since 1934.

Other types of government-backed loans include the following:

  • American Dream Downpayment Initiative - ADDI
  • Good Neighbor Next Door
  • HOPE VI
  • Teacher Next Door Program
  • VA loan
  • State of New York Mortgage Agency – SONYMA

External links

  • Office of Housing

2 : Loans|Government finances

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