FHA Mortgage Insurance

What are FHA-Insured Loans

What are FHA-Insured Loans

FHA-insured loans are loans that are backed by FHA mortgage insurance (see also HUD-Held) mortgages). The FHA insures both single family home mortgages, through its 203(b) and 203(k) loan programs, and multifamily mortgages, through programs including the HUD 223(f), HUD 221(d)(4), and HUD 232 loan programs.

What is FHA Mortgage Insurance?

What is FHA Mortgage Insurance?

FHA mortgage insurance protects against loan defaults and decreases risk for lenders. In the event of default, the FHA mortgage insurance pays claims based on certain requirements. FHA mortgage insurance is available for both single-family homes, through programs such as the 203(b) and 203(k) insurance programs, and for multifamily properties, through programs including the HUD 223(f) loan program for the acquisition and refinancing of multifamily properties.