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It's a federal assisted mortgage from the Federal Housing Administration (FHA).

The FHA loans typically provide loans to people with lower incomes, allowing them to have the ability to own a home.

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16y ago

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Related Questions

Is a FHA loan is a type of financial aid?

False, An FHA loan is NOT a type of financial aid.


Is FHA mortgage owner occupied?

If you're trying to obtain an FHA loan then the answer is 'yes'. If you own an investment property that has an FHA loan, then you can streamline it.


Is a gse loan a fha loan?

yes


What is the difference between a fha loan and a conventional loan?

An FHA loan has more guidelines and rules than a conventional loan does. An FHA loans are only available on certain houses and you can get a conventional loan on any house if your credit meets the requirements.


How can I FHA refinance my home mortgage loan?

The federal government administers FHA loans. Any information that you desire to learn about refinancing a government FHA loan can be found on the FHA web site.


Can a non-borrower be included on the title of an FHA loan?

No, a non-borrower cannot be included on the title of an FHA loan.


Do you have to be married to get an FHA loan?

No.


What are the requirements for an fha refinance?

An FHA loan is a loan for first time home buyers. HUD has a website where you can talk to FHA housing counselors who will be qualified to answer all your questions regarding an FHA loan (http://portal.hud.gov/hudportal/HUD?src=/i_want_to/talk_to_a_housing_counselor.


What does FHA stand for in the term FHA loan?

FHA stands for Federal Housing Administration. The FHA has several loan options which are mostly used for mortgages. The FHA loan makes it easier for people to qualify for a mortgage.


Can an LLC qualify for an FHA loan?

No, an LLC cannot qualify for an FHA loan. FHA loans are typically only available to individuals, not businesses or entities like LLCs.


What does an FHA loan cost to get?

The cost of the FHA Loan depends on what kind of loan you receive. Their down payments do go as low as 3.5%, and they have many options.


Where can one find information on FHA home loan refinance?

You can find information on a FHA home loan refinance online at the FHA website. Once on the site, you can view the requirements and limits of FHA home loans.