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Glossary term

FHA Loan

Federal Housing Administration mortgage (US)

🇺🇸USA · Tax Year 2026Reviewed Plain-English
Definition

What is FHA Loan?

FHA loans are government-insured US mortgages designed for lower-credit borrowers. Allow 3.5% down with 580+ credit score. Mandatory Mortgage Insurance Premium (MIP) for loan life if down payment under 10%. Good for first-time buyers with limited savings.

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