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Resources > Glossary > FHA Mortgage

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2

FHA Mortgage

Function: noun

FHA mortgage mortgage loans may only be issued by federally qualified lenders. FHA mortgage loans started during a program in the great depression. FHA loans have historically offered lower income Americans the opportunity to get a loan that they would otherwise not be able to qualify for. Currently, FHA mortgage loans are for those who can not afford a conventional down payment or who don't qualify for PMI. A FHA loan is also known as a Federal Assistance Loan. Please see www.fha.com for more information about FHA mortgages.

Definition 1:
A government mortgage

Definition 2:
A mortgage that is insued by the Federal Housing Administration (FHA)

Definition 3:
A mortgage that is insured by the Federal Housing Administration (FHA). Also known as a government mortgage. A loan insured by the Federal Housing Administration available to all qualified home purchasers. While there are limits to the size of FHA mortgage loans, they are generous enough to handle moderate-priced homes in most parts of the country. FHA mortgage mortgage loans may only be issued by federally qualified lenders. FHA mortgage loans started during a program in the great depression. FHA loans have historically offered lower income Americans the opportunity to get a loan that they would otherwise not be able to qualify for. Currently, FHA mortgage loans are for those who can not afford a conventional down payment or who don't qualify for PMI. A FHA loan is also known as a Federal Assistance Loan. Please see www.fha.com for more information about FHA mortgages.

Thesaurus / Related Terms
Federal Housing Administration
FHA Loan