Definitions for "FHA loans"
Loans that are insured by the Federal Housing Administration, a division of Housing and Urban Development of the federal government. There are loan limits dependent upon the location of the property. The advantages to a FHA loan are lower downpayment requirements and typically easier qualification requirements.
A loan program offering low-rate mortgages to buyers who are willing to make a down payment as small as 3 percent.
These are loans that are insured by the Federal Housing Administration, which is a division of Housing and Urban Development of the federal government.