Fha Mortgage Loan

Mortgage loan insured by the Federal Housing Administration (FHA). Section 203(b) is the most popular program.

A Mortgage loan insured by the FHA. See Federal Housing Administration.
Example: Abel wishes to purchase a home but has insufficient cash to make a large down payment. By obtaining an FHA mortgage loan, Abel may borrow more than the customary 80% of value, with the FHA insuring the loan amount.