1 The deposit is used to open a U.S. Bank savings account to ensure your card can be paid. 2  The savings account is FDIC-insured, earns interest and won't be touched as long as your account remains open and in good standing. 3  Purchases with the SKYPASS Visa Secured Card are billed to you each month as with any credit card.
The Federal Housing Administration, generally known as FHA, provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals.
The FHA approval process depends on what type of lender you work with. The Federal Housing Administration works with two types of mortgage lenders for FHA loans. The FHA approval process varies depending on which type of lender processes your FHA loan application. Some lenders require FHA review and approval on each loan application, while other lenders can provide a stamp of approval without sending the application to the FHA.