Mortgages Analyzed
Mortgages Analyzed
Mortgages Analyzed
 
Federal Housing Administration

What is Federal Housing Administration?

Definition
Federal Housing Administration, generally known as FHA, is a division of Department of Housing and Urban Development that provides mortgage insurance on loans originated by FHA-approved lenders.
What It Means
FHA, through mortgage insurance programs, seeks to fulfill its mission of promoting affordable homeownership for all. It insures mortgages on single family and multifamily homes including manufactured homes and hospitals. The mortgage insurance helps lenders offer loans at a lower cost with easier credit requirements and low down payments.
Acronym
FHA
Category
People

Related Terms

  • Government Loan: Government Loan is a mortgage loan that is guaranteed or insured by an agency of the federal or state government such as VA, FHA, USDA, or others.... Read More
  • Housing and Urban Development: U.S. Department of Housing and Urban Development is a federal government agency of the US created to promote affordable homeownership and build sustai... Read More
  • Government National Mortgage Association: Government National Mortgage Association, generally known as Ginnie Mae, is a U.S. Federal government-owned corporation within the Department of Housi... Read More
  • FHA Loan: Loan that is insured by Federal Housing Administration (FHA).... Read More
  • HUD 203(b) Mortgage Loan: HUD 203(b) mortgage loan is a HUD insured mortgage loan secured by a single family principal residence.... Read More
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