United States
"Federal Housing Administration (FHA) Loan"

What is Federal Housing Administration Loan ?

An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender.

How Does the FHA Loan Work ?

The FHA loan is designed to help low to moderate income families attain homeownership. FHA loans require lower minimum down payment & applicants may have lower credit scores.

Who is Eligible for FHA loan ?

A loan must be approved by FHA-qualified lender. Your credit score doesn't need to be high. The price of the house must be within the loan limit for FHA home in its location.


What are the Requirements for FHA Loan ?

Your lender will assess your eligibility for loan as it would for any borrower, starting with a verification of your legal age & place of residence in the US.

Qualify Homes for FHA Loan

Row-houses, townhouses, detached and semi-detached homes, condominiums inside FHA-approved condo projects, and detached and semi-detached homes are eligible for FHA loan.

What is the Amount of FHA Loan ?

That depends on your ability to repay the loan & where you live. However, the floor limit for single-family FHA loans is $420,680. For high-cost areas, the ceiling is $970,800.

Federal Housing Administration Loan Relief

You may be eligible for FHA loan relief if you’ve experienced a legitimate financial hardship such as a loss of income or an increase in living expenses.

How to Apply for FHA Loan ?

You will need to use an FHA-approved lender to apply for an FHA-insured loan. You can submit an FHA loan application directly to the bank or other lender of your choice.