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FHA Mortgage Insurance

From Housing Editors · Written by Stephanie C. · Reviewed by Jacinthe M. · About this article ↓

This mortgage insurance program, also called 203(b) Mortgage Insurance Program, is managed by the FHA (Federal Housing Administration).

It allows you to keep your down payment as low as 3% of your home purchase price and have most of your fees and closing costs added to your mortgage loan instead of paying them up-front.

HUD also offers a program which insures your mortgage so you can have a lower down payment and lower interest rate. For complete program details contact your Local HUD Office.

View a full list of FHA Mortgage Programs offered. See which can apply to your situation and speak with an Approved Local Lender.

More Home Buyer Programs

About This Article

  • Written by: Stephanie C., Housing Editor. BSc English, over 15 years as a freelance writer and housing specialist.
  • Edited by: Martin H., Finance Editor. MSc, MBA. Covers mortgages and consumer finance since 2006.
  • Reviewed by: Jacinthe M., Editor. BSc Marketing, over 17 years in digital marketing and content writing.

Sources & Methodology

Our data comes from our community: members share the rates, terms, credit requirements and costs they receive from financial services companies. It is then compiled and reviewed by our Data Team.