Since homeownership is an integral part of the country’s economy, the federal government has a stake in the nation’s real estate market. That’s one of the reasons the Federal Housing Administration (FHA) offers special loan programs to make homeownership possible for more Americans. The FHA loan stands as a prime example of such a program, but like all things federal, is a complicated phenomenon. Today we look closer at this loan and its pros and cons.
What is an FHA Loan?