FHA Mortgage Loan

FHA Mortgage Loan
An FHA Mortgage Loan is a mortgage loan insured by the Federal Housing Administration (FHA). Section 203(b) is the most popular program under FHA.
Mortgage Insurance
Insurance typically required by lenders for borrowers with a down payment less than 20%, indemnifying the lender in the case of foreclosure.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.