Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is an FHA loan and how is it different from a conventional loan?

April 26, 2017conventional different FHA loan

0

Posted

What is an FHA loan and how is it different from a conventional loan?

1 Answer

0

Posted

The Federal Housing Administration (FHA) provides mortgage insurance on loans made by FHA-approved lenders. FHA insures lenders against loss in the event that borrowers default on their loans. In this way, FHA encourages lenders to make loans that they might otherwise view as too risky.