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Thursday, 1
H. Powell Seward, Director of Die Richmond, Virginia Insuring Office of die Federal Housing Administration, visii ed lenders and builders in many small communities throughout the State of Virginia during the past year to explain FHA*s home financing programs. i Mr. Seward said FHA is seeking to make the benefits Of FHA mortgage insurance more readily available to home buyers in small communities and rural areas. He explained that insured f inane. ing permits liberal terms for die buyer, and protects the lender against loss on the mortgage loans. Down payments under FHA's program are as low as $450 on a home with a $15,000 FHA value or the down payment on
57.4%