FHA loan

FHA loan is a mortgage loan in the United States insured by the Federal Housing Administration. The loan may be issued by federally-qualified lenders.

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FHA loans have historically allowed lower income Americans to borrow money for the purchase of a home that they would not otherwise be able to afford. The program originated during the Great Depression of the 1930s, when the rates of foreclosures and defaults rose sharply, and the program was intended to provide lenders with sufficient insurance. Some FHA programs were subsidized by government, but the goal was to make it self-supporting, based on insurance premiums paid by borrowers.

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Over time, private mortgage insurance (PMI) companies came into play, and now FHA primarily serves people who cannot afford a conventional down payment or otherwise do not qualify for PMI insurance.

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Mortgage: A mortgage (literal translation: "death pledge") is a device developed in the common law world, whereby the ownership of property is passed from one person -- the mortgagor -- to another -- the mortgagee -- in return for the loan of money. The mortgagee is prevented from exercising his rights of own...

United States: :For other uses, see US (disambiguation), USA (disambiguation), and United States (disambiguation)....

Federal Housing Administration: The Federal Housing Administration was begun as part of the New Deal in 1934. It guaranteed private home mortgages (FHA loans) and provided funds to promote housing construction, especially for poorer people....

FHA loan related Images and Photos (experimental)

6th War Loan	Poster for the Second Loan for National Defence	Poster for the Loan for National Defence from the Societe Generale 1918	Tennessee Memphis a Giant Panda on Loan to the Local Zoo Enjoys a Snack of Bamboo Shoots
How to Make It in America 'Investment - Loan' T-Shirt	Buy the 5-1/2% Military Loan	"Remember Belgium: Buy Bonds Fourth Liberty Loan" 1918	"For Home and Country: Victory Liberty Loan" 1918
Over the Top for You Third Liberty Loan	"Sure! We'll Finish the Job: Victory Liberty Loan" 1919	They Kept the Sea Lanes Open Invest in the Liberty Loan