FHA loan

“I had like 7000 dollars from my father's... It was nothing, you know, and I took all that money and did a FHA loan. I bought the house.”

“Most government-backed loans, those are FHA loans, VA loans, USDA loans, many of them Can be assumed by a buyer who qualifies, but most conventional loans cannot because they carry what's known as a due on sale clause, and that just means that the loan has to …”