What is the Federal Housing Administration (FHA)
The Federal Housing Administration, also known as FHA, insures loans made by FHA-approved lenders. The FHA is the largest insurer of mortgage in the world, which they insure mortgages on single family, multifamily, and manufactured homes since 1934.
First Time Home Buyers and Advantages of an FHA Loan
The FHA is a government entity that guarantees mortgages issued through the Department of Housing and Urban Development (HUD), which sets the rules and guidelines for FHA mortgages. The FHA’s primary responsibility is to insure mortgages that meet FHA underwriting guidelines and do not lend money.