What is an FHA loan?

Definition of FHA Loan The FHA (Federal Housing Administration) offers mortgage insurance on any loan made by lenders approved by the FHA. They insure loans on multi and single family homes and have insured millions of properties since their creation in the year 1934. It is critical to understand that the FHA doesn’t issue home … Read more

Borrower News Lower Limits on FHA Loans

October 1st marked the first day of the newly-lowered FHA loan limits, which are expected to impact the borrowing abilities of buyers in some of the nation’s most expensive housing districts. FHA loans, which are essentially loans guaranteed by the federal government via the Federal Housing Administration, are popular loan choices with individuals who are … Read more