mortgage brokerage Paslay Financial Services in Bethalto, said she had one client who lost his home. She said the man lost his job and moved to Florida. ...Foreclosures on the riseBelleville News Democrat, USA -4 hours ago... As stated earlier, FHA mortgage is a way for homebuyers to obtain financing for their homes. All home purchases require buyers to make a certain set percentage of the total purchase price, called the down payment. What the FHA mortgage insurance does therefore is to allow a homebuyer to make a modest down payment and obtain a mortgage for the balance of the purchase price.
