Definition
A mortgage insured by the Federal Housing Administration, allowing lower credit scores and down payments as low as 3.5%.
Example
FHA mortgage insurance lasts the life of the loan when the down payment is under 10%.
Related terms
- Acceleration Clause
- Accrued Interest
- Adjustable Rate Cap
- Adjustable-Rate Mortgage
- Amortization
- Annual Percentage Rate
Frequently asked questions
What does FHA Loan mean in real estate?
A mortgage insured by the Federal Housing Administration, allowing lower credit scores and down payments as low as 3.5%.
How is FHA Loan used in practice?
FHA mortgage insurance lasts the life of the loan when the down payment is under 10%.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.