Definition
The Federal Housing Administration insures mortgages to help borrowers qualify for home loans.
Why It Matters
It increases access to homeownership.
Example
An FHA-insured mortgage with a low down payment.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
The Federal Housing Administration insures mortgages to help borrowers qualify for home loans.
It increases access to homeownership.
An FHA-insured mortgage with a low down payment.