An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). The FHA program was created in response to the rash of foreclosures and defaults that happened in the 1930s in order to provide mortgage lenders with adequate insurance. Home loans provided by the Federal Housing Administration (FHA) may make it easier for you to buy a home. For an FHA loan, a down payment of only 3.5% is required. Borrowers who cannot afford a traditional down payment of 20% or are unable to receive approval for private mortgage insurance may consider an FHA loan. You can Visit themortgageladyteamfairway.com for more information!