Federal Housing Administration
5 definitions

Federal Housing Administration

An agency of the Department of Housing and Urban Development. The FHA provides mortgage insurance for certain residential mortgages. It sets standards for underwriting these mortgages and for construction of homes secured by these mortgages.

Federal Housing Administration

An agency, within the U.S. Department of Housing and Urban Development, that administers loan programs, loan guarantee programs, and loan insurance programs designed to make more housing available.

Federal Housing Administration

A division of the U.S. Department of Housing and Urban Development that insures mortgage loans for a variety of purposes, but primarily for those related to residential housing. Congress originally created the FHA in 1934 to make homeownership possible for first-time homebuyers. Today the FHA helps low- to middle-income families to purchase a home without making a large down payment, encourages improvement in housing standards and conditions, and provides a system of government-guaranteed mortgage insurance.

Federal Housing Administration

Part of the U.S. Department of Housing and Urban Development (“HUD”), FHA provides mortgage insurance on loans made by approved lenders throughout the United States and insures mortgages on single family and multifamily homes, including manufactured homes and hospitals. It is the largest insurer of mortgages in the world, insuring over 34 million properties since its inception in 1934.

Federal Housing Administration

An agency within the U.S. Department of Housing and Urban Development (HUD) that insures mortgages and loans made by private lenders.

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About this term

Federal Housing Administration has been defined 5 different ways in documents like Glossary of Home Loan & Lending Terms, Residential Finance Survey, List of Abbreviations and Glossary of Terms, and 2 more.

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