Govt. mortgage backer Universal Crossword Clue Puzzle Answer from July 11, 2024

Govt. mortgage backer Universal Crossword Clue Answer

Let’s find the answers to Govt. mortgage backer Universal for the July 11, 2024 edition of Universal crossword puzzle. Answer Contains 3 letters. Start with F and end with A, and the possible solutions are FAA,FCA,FHA.

Here is the right answer to the crossword clue Govt. mortgage backer featured in the Universal puzzle. The correct answer to this clue is FHA.

The Federal Housing Administration (FHA) is a governmental agency in the United States that operates under the Department of Housing and Urban Development (HUD). It was established during the Great Depression in the 1930s to facilitate home ownership by providing mortgage insurance on loans made by FHA-approved lenders. This insurance protects lenders from losses if borrowers default on their loans, making it easier for individuals with lower credit scores or smaller down payments to qualify for mortgages.