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NEWS, Washington, Vs. lay 5, 19M
a $15,000 home maybe as loir as $200 If the buyer Is a veteran and had served 90 days or more in the armed services and never had a Veterans Administration loan. Terms may extend to 30 years, the maximum interest rate is 5-3/4 percent plus a mortgage insurance premium of 1/2 percent. FHA property appraisals, under its small communities program, take into account local residential practices, preference and desires. Most FHA applications are for the purchase of a used home and the buyer can be assured that these get the same attention that is given applications for new bouses. Mr. Seward said; 'We will use a common sense approach. Features that are desirable in urban centers may not be practical or needed in smaller communities." Lenders were assured that
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