What is an FHA loan?
An FHA loan is a mortgage insured by the Federal Housing Administration, part of the U.S. Department of Housing and Urban Development (HUD). Because the loan is insured, lenders can offer more flexible qualifying guidelines than many other loan types.
Why buyers choose it
FHA loans are popular with first-time buyers and buyers whose credit or savings are still growing. They are for homes you will live in as your primary residence.
Things to know
FHA loans include mortgage insurance, and the home must meet FHA property standards. FHA also sets loan limits that vary by county. We can explain how these apply to the homes you are looking at.
This page is general information only, not an offer or commitment to lend. Loan programs are subject to eligibility, credit approval, and underwriting. Program availability, guidelines, and terms can change.