Federal Housing Administration
/ˈfɛdərəl ˈhaʊzɪŋ ˌædmɪnɪˈstreɪʃən/
Definitions
- (n.) A U.S. government agency that provides mortgage insurance on loans made by approved lenders to promote affordable housing.
The Federal Housing Administration insures mortgages to encourage lenders to offer favorable terms to homebuyers.
Forms
- federal housing administration
Related terms
See also
Commentary
Often abbreviated as FHA, its role is critical in increasing home ownership by reducing lender risk through mortgage insurance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.