A loan insured by the Federal Housing Administration open to all qualified home purchasers. While there are limits to the size of FHA loans ($155,250 as of 1/1/96), they are generous enough to handle moderately-priced homes almost anywhere in the country.
FHA LOAN
A loan that is insured by the Federal Housing Authority. This type of loan is geared toward providing moderate to low income families' mortgages, and is subject to the qualifying guidelines set forth by the Federal Housing Authority.
FHA loan
A mortgage insured by the Federal Housing Administration.
