An FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers with FHA loans pay for mortgage insurance, which protects the lender against loss if the borrower defaults on the loan.
Who Qualifies For Fha Loan Program Fha Down Payment Calculator Fha Financing Requirements FHA Appraisal Guidelines and Requirements. BY The Lenders Network.. When using an FHA loan to purchase a house, an appraisal will need to be done before the loan can close. A home appraisal is an estimate of the current market value of a property. When a property is purchased or refinanced a.