Starting in the early 1900s larger scale tuna fishing gear was introduced into the region. Today four types of gear produces the vast majority of the tuna catch in the Pacific Islands region: purse seine, longline, pole-and-line and trolling. (fig:Tuna catch in metric tons in the WCPO)
DEFINITION of 'FHA Loan'. A mortgage issued by federally qualified lenders and insured by the Federal Housing Administration (FHA). FHA loans are designed for low to moderate income borrowers who are unable to make a large down payment. FHA loans allow the borrower to borrow up to 97% of the value of the home.
The Federal Housing Administration is a government agency that offers special mortgages, known as FHA mortgages, that require a smaller down payment than conventional home loans require. The FHA requires 3.5 percent down on a home loan, but, like traditional mortgages, FHA mortgages come with closing costs. For the cash-strapped home buyer, coming up with closing costs can be challenging. Assess how much closing costs will be and whether you can figure out ways to keep these fees down.