Investor Glossary-fha loanInvestor Glossary-fha loanInvestor Glossary-fha loanInvestor Glossary-fha loanInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

FHA Loan

The HTML to link to this page
 

An FHA loan is a loan insured by the FHA, or Federal Housing Administration. An FHA loan is one type government loan along with the VA loan, and others. An FHA loan has a mortgage principal limit set by the FHA that depends upon property location. Like any other mortgage, the risk of default on an FHA loan increases as the down payment decreases, yet the FHA allows a very low down payment on an FHA loan because of its mandate to make housing more affordable for low-income and moderate-income families. An FHA loan may be assumable if the property owner changes. Whether or not any restrictions on assumption exist depends upon when the FHA loan was originally obtained. Assuming an FHA loan lowers the cost of purchasing a home by eliminating many closing costs related to financing.



Rate this FHA Loan definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: real GDP, inflation, phantom income, liquidity ratio, per diem, retained earnings, FICO score, Key Rate Duration, Zero Cost Collar, deferred tax, covered put, labor relations, irrevocable trust, ex-dividend date, minority interest, option premium, command economy, 1031 exchange, 1035 exchange, 401a, dividends payable, risk management, current ratio, LIBOR, balance sheet, open position, VIX, implied volatility, EBITDA, in escrow, 144a, margin rate, stock market close, quality assurance, reverse mortgage, stock split, diluted share, wholly-owned subsidiary, required rate of return, average price per share, debt service coverage, APR, annual return, ex-dividend, cancelled check, deferred revenue, FTSE, limit order, class C shares


Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use