FHA mortgage
Definition
A mortgage on which the lender is insured against loss by the Federal Housing Administration, with the borrower paying the mortgage insurance premium. The major advantage of an FHA mortgage is that the required down payment is very low, but the maximum loan amount is also low. For articles on FHA, see FHA Mortgages.
Related Terms Other terms related to 'FHA mortgage' starting with the letter 'F' Fully amortizing payment, Float down, Fixed rate mortgage FRM, Foreclosure, Fees Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 