# FHA loan

Location

US

## TAGS

- HUD
- finance
- mortgage loan

## OTHER names

FHA loans are loans from private lenders that are regulated and insured by the Federal Housing Administration (FHA), a government agency. The FHA doesn’t lend the money directly–private lenders do.

FHA loans allow for down payments as low as 3.5 percent; allow lower credit scores than most conventional loans; and have a maximum loan amount that varies by county.

For borrowers with good credit and a medium (10-15 percent) down payment, FHA loans tend to be more expensive than conventional loans. For borrowers with lower credit scores or a smaller down payment, FHA loans can often be the cheapest option.

_Source:_ [_CFPB_](https://www.consumerfinance.gov/owning-a-home/loan-options/fha-loans/)

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