A government-backed mortgage issued by the Federal Housing Administration (FHA). These loans tend to have lower interest rates and less-stringent qualification requirements than other industry loans. FHA borrowers pay for mortgage insurance to protect the lender from loss in the event of a default.
Filed under Funding
Related terms
Have a deal that needs funding?
Brokers send a deal to Think, get an indicative term sheet from the borrower’s numbers, and move to a lender when the packet is complete.
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