Federal Housing Administration (FHA)

View All Glossary Definitions

An agency within HUD that provides mortgage insurance on loans by by approved lenders throughout the U.S. and its territories. FHA insures mortgages on single-family, multifamily and manufactured homes and hospitals. The mortgage insurance compensates lenders for losses when borrowers default on their loans.

Related Definitions:

• Home Equity Conversion Mortgage (HECM)
• Mutual Mortgage Insurance Fund (MMI)