Federal Housing Administration (FHA)

This government agency operates a variety of home-loan programs. Its most popular is the Section 203(b) program, which provides low-rate mortgages to buyers who make a down payment as small as 3 percent.

This government agency operates a variety of loan programs including the Section 203(b) program, which provides low-rate mortgages to buyers who make a down payment of as little as 3 percent.

Related Terms:

  1. Adjustable Rate Mortgage (ARM)
  2. Discount Points
  3. Federal Home Loan Mortgage Corporation (FHLMC)
  4. Federal Trade Commission (FTC)
  5. FHA Loans

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