FHA loans, backed by the Federal Housing Administration (FHA), are mortgages designed to make homeownership more accessible. They can be especially beneficial for people with lower credit scores or who can't afford a large down payment.
We explore how they work, the various types, eligibility requirements and the steps to secure one. Knowing the ins and outs of FHA loans can help you determine whether it's the most effective path to homeownership for your situation.