A Federal Housing Administration (FHA)-insured mortgage loan is known as an FHA loan. To lower the risk of loss for FHA-approved lenders in the event that a borrower defaults on their mortgage payments, the federal government essentially guarantees loans. The FHA program was established to give mortgage lenders sufficient insurance coverage in the wake of the 1930s housing market crash, as well as to encourage the housing market by lowering the cost of loans.
With the help of our FHA Loan Qualifier and other resources, we hope to simplify the FHA home loan application process for you.
