Loans insured bt the FHA and underwritten according to their guidelines.
A federal agency, created by the National Housing Act of 1934, for the purpose of expanding and strengthening home ownership by making private mortgage financing possible on a long-term, low down payment basis. The vehicle is a mortgage insurance program, with premiums paid by the homeowner, to protect lenders against loss on these higher-risk loans. Since 1965, FHA has been part of the newly created Department of Housing and Urban Development (HUD).
A loan backed by the Federal Housing Association, with a uniform, pre-set limit.
A government-insured loan available with low down payment. MIP is required, and loans are available only up to a set local maximum.
Federal Housing Administration loans are insured by the federal government. Interest rates can be lower than for conventional loans but the real advantage lies in the low down payment requirement usually under 5%. These loans are assumable. Usually “discount points” must be paid and can be paid by either buyer or seller, as agreed.
a Government backed loan which allows for a owner occupied buyer to have less desirable credit, income, savings than traditional financing
a government insured loan that was instituted to assist buyers with minimal cash to purchase a home and first time buyers
a great way to buy a house with a very small down payment
a home mortgage that allows for a purchase or refinance with a
a loan where the lender is insured against loss by the Federal Housing Administration, the borrower pays the premiums and the fees on FHA home loans are a little more than on conventional loans
a mortgage loan insured by the Federal Housing Authority which is part of the
a popular alternative to conventional
a regular mortgage backed by the Federal Housing Administration, and act as a support to any mortgage
a special type of loan set up by the government to help first time home buyers and people with damaged credit
This is a loan insured by the Federal Housing Administration and is open to all qualified home purchasers. The FHA floor is currently 172,632 (as of 1/3/2005 ) with higher amounts available in certain 'high cost' areas.
Federal Housing Administration Loan. A FHA loan program will allow you to purchase a home with a low down payment and flexible guidelines. This loan is issued by the Insuring Office of the Department of Housing and Urban Development (HUD). Check with your lender for more options.
A loan which is insured by the Federal Housing Administration (FHA) guaranteeing loan repayment in case of default by the loan borrower.
With FHA insurance, you can purchase a home with a low down payment from 3 percent to 5 percent of the FHA appraised value or the purchase price, whichever is lower.
A loan insured by the Federal Housing Administration, which may be made by any mortgage lending institution qualified to make such loans.
A mortgage which is partially insured by FHA, usually assumable, and may have reduced down payment requirements compared to conventional mortgages.
A Federal Housing Administration loan program that provides a guarantee against default. The borrower may benefit from a smaller down payment.
Insured by the Federal Housing Administration and open to all qualified home buyers. The limit is $155,250.
Better termed an "FHA Insured Loan." A loan in which the Federal Housing Administration has insured, against losses incurred, the lender which may be due to default.
Mortgage loan guaranteed by the Federal Housing Administration for the purchase of homes of lower to mid range price, that is available to all qualified buyers.
the government insures Federal Housing Administration loans. The Down Payment required is usually lower than the 5% usually required under conventional loans.
A program administered by the Department of Housing and Urban Development (HUD). More appropriately termed "FHA Insured Loan." A loan for which the Federal Housing Administration insures the lender against losses it may incur due to the borrowers default.
FHA Mortgage Insurance Fixed-Rate Mortgage
A home loan that is insured by the Federal Housing Administration.
A loan insured by the Federal Housing Administration open to all qualified home purchasers. Interest rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
A loan issued by the Federal Housing Administration, a part of the Department of Housing and Urban Devlopment. FHA insurance enables lenders to loan a very high percentage of the sale price.
A loan insured by the Federal Housing Administration open to all qualified home purchasers. While there are limits to the size of FHA loans which vary by region, they are generous enough to handle moderately-priced homes in most areas.
Loan insured by the FHA for low to middle income homes, open to all qualified home purchasers.
A loan insured by the Federal Housing Administration that is open to all qualified home buyers. While there are limits to the size of FHA loans, the limits usually accommodate moderately priced homes almost anywhere in the country.
A loan which has been insured by the federal government guaranteeing its payment in case of default by the borrower.
The Federal Housing Administration offers fixed-rate mortgages on low-cost housing. An FHA loan requires a down payment and approval from an authorized appraiser. Any U.S. resident is eligible low income is not a prerequisite.
Federal Housing Administration. A government loan insured by the insurance office of the Department of Housing and Urban Development (HUD).
A loan insured by the Federal Housing Administration open to all qualified home purchasers. While there are limits to the size of FHA loans ($155,250 as of 1/1/96), they are generous enough to handle moderately-priced homes almost anywhere in the country.
A loan insured by the Federal Housing Administration. An FHA Loan is usually available at an attractive lower rate. It is open to all qualified borrowers.
A mortgage insured by the Federal Housing Administration. See the FHA Loan Primer for more details.
Also known as a "government loan"," an FHA loan is guaranteed by the Federal Housing Administration. FHA issues specific guidelines for mortgages.
A agency of the U. S. Department of Housing and Urban Development. It's main function is the insuring of residential mortgage loans made by lenders. The FHA sets standards for construction and underwriting and does not lend money or plan or construct housing.
A mortgage guaranteed by the Federal Housing Administration.
A residential mortgage from an approved lender and insured by the Federal Housing Administration. The down payment on an FHA loan usually is less than that for a conventional mortgage. The FHA does not lend money, but nominates approved lenders.
A mortgage that is insured by the Federal Housing Administration (FHA).
A loan that is insured by the Federal Housing Authority. This type of loan is geared toward providing moderate to low income families mortgages, and is subject to the qualifying guidelines set forth by the Federal Housing Authority.
FHA loans are guaranteed by the federal government.
A loan insured by the Federal Housing Administration that is open to all qualified home purchasers. Although there are limits to the size of FHA loans, they are generous enough to handle moderate-priced homes almost anywhere in the country.
More appropriately termed "FHA Insured Loan." A loan for which the Federal Housing Administration insures the lender against losses the lender may incur due to your default. You pay a monthly premimum called mortgage insurance and an upfront premimum based on the loan amount at closing to FHA.
A loan insured by the FHA, or more specifically, the Office of the Department of Housing and Urban Development.
Loan insured by the Federal Housing Administration open to qualified home purchasers. While limited in size, they are generous enough to handle moderate-priced homes almost anywhere in the country.
A loan insured by the government. FHA stands for - 'Federal Housing Authority'. It can be had in various terms: one year adjustable, 15 and 30 year fixed. The down payment requirements are generally less and the underwriting guidelines are more lenient than those for conventional loans.
FEDERAL HOUSING ADMINISTRATION - A division of the Department of Housing and Urban Development. Its main activity is the insuring of residential mortgage loans made by private lenders.
A loan insured by the Federal Housing Administration open to all qualified home purchasers. While there are limits to the size of FHA loans (loan amount varies by region), they are generous enough to handle moderately-priced homes almost anywhere in the country.
(Federal Home Loan Mortgage Corp.-FHLMC) Often referred to as "Freddie Mac", a part of the secondary market and used to purchase loans from savings and loan lenders within the Federal Home Loan Bank Board.
A type of government loan administered by the Federal Housing Administration . An FHA loan typically requires higher mortgage insurance premiums, and has a maximum amount of about $124,875 depending on the average cost of housing in your region.
A loan in which the Federal Housing Administration insures FHA approved lenders against loss on a loan under one of several programs.
A loan made through an approved lender and insured by the Federal Housing Administration. While there are limits to the size of FHA loans, they are intended to finance moderately priced homes.
A Federal Housing Administration Loan. This loan is issued by Insuring Office of the Department of Housing and Urban Development. It is insured by the Federal Housing Administration which offers low rate, low down payment mortgage for buyers. Terms vary county to county.
A home mortgage loan insured by the FHA and open to all qualified home buyers.
A loan insured by the Federal Housing Administration requiring a low down payment.
A loan that is insured by the Federal Housing Authority. This loan is geared toward providing mortgages for moderate to low income families and is subject to the qualifying guide lines set forth by the Federal Housing Authority.
A loan insured by the Federal Housing Administration and made by an approved lender.
a loan insured by the Federal Housing Administration. These loans require mortgage insurance paid by the borrower, which protects the lender should the borrower be unable to make the mortgage payments and the property go in to foreclosure.
Federal Housing Administration. This is a government insured loan. The government insured the lender against default by the buyer. The buyer pays for the insurance. There are no income limits on the buyer. The base mortgage limit is currently about $122,000.
A government-backed mortgage loan supported by the US FHA and the Department of Housing and Urban Development (HUD).
A loan insured by the Insuring Office of the Department of Housing and Urban Development; the Federal Housing Administration.
A loan insured by the Federal Housing Administration (of the Department of Housing and Urban Development).
A loan secured by the Housing and Urban Development Office of the Federal Housing Administration.
FHA is an agency that insures first mortgages. FHA loans have fewer restrictions than conventional mortgages and require a very low (or no) down payment enabling lenders to loan a very high percentage of the sale price.
More appropriately termed "FHA Insured Loan." A loan for which the Federal Housing Administration insures the lender against losses the lender may incur due to your default. Good Faith Estimate: A written estimate of closing costs which a lender must provide you within three days of submitting an application.
A mortgage insured by the Federal Housing Administration. Down payment may be as little as 3 percent, but purchase price is limited.
Loan insured by the Federal Housing Administration ( a division of HUD) which is available to qualified home purchasers.
A loan insured by the Federal Housing Administration open to all qualified home purchasers. While there are limits to the size of FHA loans ($208,800 maximum, depending on location), they are generous enough to handle moderately-priced homes almost anywhere in the country.
Return To Glossary Index Better termed an "FHA Insured Loan." A loan which the Federal Housing Administration has insured, against losses, the lender which may incur a loss due to default.
a loan insured by the FHA. Loans are large enough to handle moderately-priced homes nearly anywhere in the U.S.A. There are limits to the size of these loans.
A loan that is underwritten to the standards of the Federal Housing Administration, which grants approval of the loan and insures the lender against financial loss.
A program from the Department of Housing and Urban Development (HUD) that allows first time homebuyers or people short on downpayment funds to secure a mortgage with as little as 3% down.
Federal Housing Administration. A federal agency within the U.S. Department of Housing and Urban Development (HUD). Using loan insurance programs to insure mortgages for lenders, the FHA stimulates the availability of housing for low- and moderate –income families.
Loan insured by the FHA. Available to borrowers of who qualify for low to mid income housing.
Government loans are loans that are guaranteed or purchased by government organizations. Two of the most popular Government Loans are the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA).
FHA loan is a federal assistance mortgage loan in the United States insured by the Federal Housing Administration. The loan may be issued by federally qualified lenders.