A FHA Loan is a mortgage which is insured by the Federal Housing Administration with an approved FHA Bank.

Program Highlights

  • The (FHA) Federal Housing Administration loans are backed by federal mortgages which are designed for homeowners who might have lower credit scores.
  • FHA loans also require a lower minimum down payment and a lower credit score than many conventional loans.
  • Qualified borrower(s) are required to purchase mortgage insurance, and also pay premium payments to FHA in order to obtain the guarantee of the FHA.