# FHA Loan

FHA loans are insured by the Federal Housing Administration under H.U.D. They offer a low down payment and are easier to qualify for than conventional loans.

It can be as little as 3.5% down depending on credit. FHA Loans require two mortgage premiums, one paid upfront and the other paid annually with under 10% down payment. Private mortgage insurance (PMI) is required until you have at least 20% equity in your home.
