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Glossary Finance

FHA loan

An FHA loan is a US mortgage insured by the Federal Housing Administration that accepts smaller down payments and lower credit scores in exchange for mortgage insurance.

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In more detail

The insurance premium adds to the monthly cost and sometimes to the upfront cost. Down payment minimums, limits and fees change, so check current terms.

Try these tools

FHA Loan Calculator

The FHA Loan Calculator helps estimate your monthly payment and total costs associated with FHA mortgages.

See also

  • Glossary Down payment
    A down payment is the part of a purchase price you pay upfront from your own money, with a loan covering the rest.
  • Glossary VA loan
    A VA loan is a US mortgage guaranteed by the Department of Veterans Affairs for eligible service members, veterans and some spouses.
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