FHA Loans

How it works.

FHA loans are insured by the Federal Housing Administration and are commonly considered by buyers who want a lower down payment or may not fit conventional loan requirements. The FHA insures the loan; a participating lender makes it.

At a glance

• Government insured
• Lower down payment options may be available
• Mortgage insurance is part of the cost

What to consider

FHA loans include mortgage insurance costs. Your credit, income, debts, property, and available funds still matter. Compare the complete payment and upfront costs with conventional financing before deciding.

Program details and qualification depend on the lender and your circumstances.