A Federal Housing Administration loan, or FHA, is a great loan to have. The FHA provides insurance-backed mortgage loans through approved FHA-lenders.


Flickr source

This loan protects lenders from losses that may arise from a defaulted loan. This loan only works for single/multifamily properties within the U.S. and it’s territories. This makes lending easier and borrowers can receive more attractive rates.

Below are 4 things to know when applying for a loan of this kind.

Begin slideshow

Related Stories:

8 Options to Pay for Home Repairs

6 Ways to Sell Your House, Fast!

How to Successfully Negotiate for Your First Home

Did you enjoy this article? Yes No
Oops! What was wrong? Please let us know.

Ask a Question