Skip to content

SuperMoney: Budgeting AI

Financial calm, Finally.

Get
Home

Federal Housing Administration (FHA)

The Federal Housing Administration (FHA) is a government agency that provides mortgage insurance on loans made by FHA-approved lenders. The FHA was created in 1934 to help promote homeownership and make it more affordable for people to buy homes. Continue Reading Below

Content Types

  • Encyclopedia
  • Articles
  • About Topic

Related Topics

Encyclopedia Articles

Discover the definition of financial terms related to federal housing administration (fha).

Urban Development Act of 1970: History, Impact, and Community Revitalization Thumbnail

Urban Development Act of 1970: History, Impact, and Community Revitalization

SuperMoney Team

Empowering Cities: The Significance of HUD in Urban Planning Thumbnail

Empowering Cities: The Significance of HUD in Urban Planning

Rasana Panibe

HARP Mortgage: Relief for Underwater Homeowners and Alternatives Thumbnail

HARP Mortgage: Relief for Underwater Homeowners and Alternatives

Silas Bamigbola

Learn About Federal Housing Administration (FHA)

Thumbnail for Blog Article: FHA Loan Process Step-by-Step: From Preapproval to Closing

FHA Loan Process Step-by-Step: From Preapproval to Closing

Andrew Latham

Thumbnail for Blog Article: 7 Questions to Ask Before Refinancing Your Mortgage

7 Questions to Ask Before Refinancing Your Mortgage

SuperMoney Team

Thumbnail for Blog Article: How Soon Can You Refinance a Mortgage?

How Soon Can You Refinance a Mortgage?

Camilla Smoot

Thumbnail for Blog Article: Down Payment Assistance for FHA Loans in 2026

Down Payment Assistance for FHA Loans in 2026

Andrew Latham

Thumbnail for Blog Article: 9 Steps to Reduce the Threat of Foreclosure

9 Steps to Reduce the Threat of Foreclosure

Teresa Ambord

Thumbnail for Blog Article: Down Payment Assistance for People with Disabilities (2026)

Down Payment Assistance for People with Disabilities (2026)

Andrew Latham

Page 6 of 7

Previous34567Next

About Federal Housing Administration (FHA)

The Federal Housing Administration (FHA) is a government agency that provides mortgage insurance on loans made by FHA-approved lenders. The FHA was created in 1934 to help promote homeownership and make it more affordable for people to buy homes.
The FHA does not make loans directly to homebuyers. Instead, it provides insurance on loans made by private lenders, which protects the lenders against loss if the borrower defaults on the loan. This insurance allows lenders to offer home loans with more favorable terms, such as lower down payments and more lenient credit requirements, to borrowers who might not otherwise qualify for a mortgage.
The FHA also sets standards for the construction and quality of homes that are eligible for its mortgage insurance programs. These standards are intended to protect homebuyers from buying homes that are unsafe or do not meet minimum property standards.
In addition to its mortgage insurance programs, the FHA also offers a variety of other housing programs, such as rental assistance and home improvement loans. These programs are designed to help low- and moderate-income families afford decent housing and improve the quality of their homes.