• What is an FHA Loan
    Learn About FHA Loans

    Step 1 of 2


What is an FHA Loan?


FHA home mortgage loans are popular due to their lower down payment requirements and less stringent lending requirements when compared to conventional loans.

The Federal Housing Administration, generally known as “FHA”, was established in 1934 to improve the construction and financing of housing. A part of the United States Department of Housing and Urban Development (HUD), FHA provides mortgage insurance on single-family, multifamily and manufactured homes throughout the United States. Since FHA loans are backed by the government, lenders are protected against defaults making it possible for them to offer borrowers:
  • Lower Down Payments
  • Ability to Qualify with Below Average Credit
  • Low Interest Rates

The FHA loan program was created to combat a rash of loan defaults or foreclosures in the 1930’s.  By providing mortgage lenders with insurance to help cover losses the FHA was able to stimulate the housing markets by enabling lenders to write loans with less liability.

What is an FHA Home Mortgage Loan?

“FHA loans” are mortgages insured by the Federal Housing Administration...

Read more

How to Qualify for an FHA Mortgage

FHA Approved Lenders make it simple to qualify online for an...

Read more

Guidelines and Requirements for an FHA Mortgage Loan

Mortgage insurance, lending limits, debt to income ratios, credit...

Read more

FHA Loans for First Time Home Buyers

FHA Loans are often marketed as a product for “first-time...

Read more

Credit Score Requirements for FHA Loans

FHA requirements for credit scores are far lower than for conventional...

Read more

FHA vs. Conventional Home Loans

Learn the differences between conventional and FHA loans before...

Read more

All About FHA 203k Loans

The Federal Housing Administration, otherwise known as the FHA,...

Read more