John is a nonveteran borrower with a fairly good credit rating, a good work history, and a solid job with a steady stream of income. John may qualify for an insured mortgage from the

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John may qualify for an insured mortgage from the Federal Housing Administration (FHA), which insures mortgages for borrowers who might not qualify for conventional loans. The FHA is known for its lower down payment requirements and is accessible to borrowers with less than perfect credit scores. John's status as a nonveteran and his financial stability make him a good candidate for an FHA loan. The other options do not fit his profile as closely: the VA provides loans for veterans, the Treasury does not directly offer mortgages to individuals, and the FHLB provides support to banks and does not directly insure mortgages for individuals.

John Is a Nonveteran Borrower with a Fairly Good Credit