FHA loan

FHA loan definition - business

FHA loan

A real estate loan guaranteed by the Federal Housing Administration. The FHA insures variable-rate loans, fixed-rate loans, and loans to add energy-efficient features to a home. Most FHA loans require an annual premium plus an initial fee at the loan closing.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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