Federal Housing Administration - FHA

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Dictionary Says

Definition of 'Federal Housing Administration - FHA'

A United States government agency that provides mortgage insurance to qualified, FHA-approved lenders. FHA mortgage insurance helps protect lenders from losses associated with mortgage default; if a borrower defaults on a loan, the FHA will pay a specified claim amount to the lender.
Investopedia Says

Investopedia explains 'Federal Housing Administration - FHA'

When the Federal Housing Administration was established in 1934, it was intended to stimulate the housing industry. By providing insurance to lenders, the idea was that more people would be able to qualify for mortgages, and therefore, purchase a home. FHA loans are generally given to people who otherwise would be unable to qualify for a conventional home mortgage loan.

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Articles Of Interest

  1. An Introduction To The FHA 203(k) Loan

    If you're looking at a fixer-upper, the Federal Housing Administration rehab loan may be the mortgage for you.

  2. The FHA's Minimum Property Standards

    If you're thinking about purchasing a home with an FHA loan, here are some standards that must be met for the deal to go through.

  3. Understanding FHA Home Loans

    Don't be overwhelmed when filling out these forms. Find out what you need to do here.

  4. Insuring Federal Housing Authority Mortgages

    This insurance has an edge over private mortgage insurance. Find out why.

  5. Remodeling The Housing Finance Industry

    The meltdown in mortgage-backed securities is bringing about reform in home financing.

  6. Understanding Your Mortgage

    We walk through the steps needed to secure the best loan to finance the purchase of your home.

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  9. Retirement Savings Tips For 35- To 44-Year-Olds

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  10. Is Loan Protection Insurance Right For You?

    This coverage can keep you from defaulting on your loans when you're in financial trouble.
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