FHA Home Loans
            
FHA-Home-Loans.com  FHA loan info from a FHA mortgage loan
site specialized in FHA loans - FHA Home Loans.com
is not a Government Agency.

FHA Loan Programs | FHA Loan Qualifying | Apply Now | Services | Tools | Contact Us | FHA Loans | Add to Favorites | Get Prequalified

Navigate FHA Home Loans

  Home > What is a FHA Loan
What is a FHA Loan?
...............................................................................
FHA stands for Federal Housing Administration. FHA does not actually lend the money. They simply insure 100% of a  loan amount that a lender funds, assuming that the loan conforms to FHA guidelines. 

FHA is part of HUD or Housing and Urban Development. The federal department responsible for the major housing programs in the United States. HUD sets the guidelines for qualifying and states what loans they will insure.

FHA programs and guidelines tend to be the most flexible, since it is a government insured loan whose primary concern is to provide housing the all citizens of the U.S.

  • FHA offers 3% down payment home loans

  • FHA offers loan programs to purchase and refinance

  • FHA allows all of your down payment to be a gift from a family member, relative, or non-profit organization

  • FHA allows up to 6% of your closing costs to be paid by a homeseller to minimize the money you need to complete you home purchase

  • FHA does not require credit scores which are mandatory for Fannie Mae conventional loans

  • FHA offers the most flexible down payment, credit, and income qualifying guidelines of all home loans

  • FHA offers all types of loan programs, such as a fixed rate, adjustable rate, or a buy down mortgage

  • FHA will lend on most property types, such as a single family home, a duplex, a triplex, or a fourplex

Next, learn ra.gif (855 bytes) Who can obtain a FHA loan

...............................................................................

Next > Am I Qualified? |   Apply Now   | Need Help? < Back
FHA Loan Programs
FHA Loan Qualifying
Apply Now
Free Services
Tools
Contact Us
Realtors
 

 
FHA Loan Limits Search | Equal Opportunity Lender | Fair Lending | Licensing | Privacy | Sitemap | Disclosures
| Questions | Realtors | FHA Home Loans.com - Home | Links
We are not a government agency.  FHA home loans are not originated by the HUD or FHA. HUD only insures FHA loans and HECM reverse mortgages. FHA loans are originated and funded by HUD approved FHA home loan lenders. FHA-Home-Loans.com is not a mortgage lender and does not make or offer fha loans directly or indirectly.  Information about FHASecure refinance program to help borrowers who are facing foreclosure and must refinance.FHA-Home-Loans.com is owned and operated by a private company specialized in providing information about FHA loans and does not make or offer FHA home loans and FHA mortgages. FHA-Home-Loans.com is not affiliated with or owned, operated, endorsed or sponsored by HUD, Federal Housing Administration or FHA. Contact HUD directly at: www.hud.gov
Copyright 1999-2012 FHA-Home-Loans.com. All Rights Reserved.