Definition, Meaning & Synonyms

fha

Abbreviation

ˌɛfˌeɪˈeɪ

Definition

FHA stands for Federal Housing Administration, a government agency that provides mortgage insurance on loans made by approved lenders in the United States.

Examples

The FHA loan program is popular among first-time homebuyers.
She qualified for an FHA loan because of her low credit score.
Many developers prefer working with the FHA for financing new housing projects.

Meaning

The FHA allows buyers to obtain mortgage loans with lower down payment requirements and easier credit qualifying criteria, thus making homeownership accessible to more people.