What Does FHA Stand For?
FHA stands for Federal Housing Administration
The Federal Housing Administration (FHA) is a government agency within the U.S. Department of Housing and Urban Development (HUD). Established in 1934, the FHA's primary purpose is to improve housing standards and facilitate home financing by providing mortgage insurance on loans made by approved lenders. This insurance protects lenders against losses due to borrower default, thereby encouraging lending to a broader range of borrowers, including those with lower credit scores. The FHA plays a crucial role in promoting affordable housing and increasing homeownership opportunities across the United States.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym