GOVERNMENT-BACKED PROGRAMS

FHA-insured loans

FHA-insured financing follows program rules and includes mortgage insurance costs.

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A useful starting pointEvery mortgage has its own terms, costs, and qualification requirements. Use this overview to prepare questions and compare written loan estimates.

THE OVERVIEW

How this option works

FHA-insured mortgages are made by participating lenders and insured by the Federal Housing Administration. They may be used for eligible purchases and certain refinances, subject to borrower, property, and program requirements.

FHA loan qualification is based on the lender’s review and applicable FHA rules. FHA mortgage insurance premiums commonly affect the cost of the loan. The amount and duration depend on loan details and current program rules.

MAKE THE CONVERSATION COUNT

Questions to ask

Ask for the details in writing and compare the total cost, payment, and terms for your own scenario.

What FHA mortgage insurance costs would apply to this scenario?
What property or appraisal requirements should be considered?
How does FHA compare with other options for cash to close and long-term cost?

General information only. Program rules, rates, and lender availability can change. This page is not an offer, approval, or personal recommendation. Review current written terms with a qualified mortgage professional.

Official information: HUD: FHA single-family mortgage programs ↗

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FHA-insured loans

How this option works

Questions to ask

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