§ 27002 Federal Housing Loan Investments

• •Banks and insurance companies can give out loans or credit that are protected by the Federal Housing Administrator.
• •This means if you get a loan for a house, the bank is safer because the government helps protect them if you can't pay.
• •Only certain companies like insurance or mortgage companies can do this.

You want to buy a house but don't have all the money.

The bank can give you a loan because the government promises to help if you can't pay it back. This makes the bank feel safe to lend you the money.