FHA

URI: https://gptkb.org/entity/FHA

GPTKB entity

AI-created image

Statements (45)

Predicate	Object
gptkbp:instanceOf	gptkb:government_agency
gptkbp:abbreviation	gptkb:FHA
gptkbp:country	gptkb:United_States
gptkbp:createdBy	gptkb:National_Housing_Act_of_1934
gptkbp:downPaymentRequirement	as low as 3.5%
gptkbp:established	1934
gptkbp:fullName	gptkb:Federal_Housing_Administration
gptkbp:headquartersLocation	gptkb:Washington,_D.C.
gptkbp:historicalSignificance	helped stabilize housing market during Great Depression
https://www.w3.org/2000/01/rdf-schema#label	FHA
gptkbp:impact	expanded access to homeownership in the U.S.
gptkbp:insuredBy	healthcare facility loans hospital loans multifamily home loans single-family home loans
gptkbp:maximumLoanAmount	varies by county and property type
gptkbp:minimumCreditScore	minimum 580 for 3.5% down payment
gptkbp:mortgageInsurance	required for FHA loans
gptkbp:notableProgram	gptkb:FHA_loan
gptkbp:offersProgram	gptkb:203(k)_Rehabilitation_Mortgage_Insurance_Program gptkb:Energy_Efficient_Mortgage_Program gptkb:Home_Equity_Conversion_Mortgage_(HECM)
gptkbp:oversees	gptkb:Assistant_Secretary_for_Housing-Federal_Housing_Commissioner
gptkbp:parentOrganization	gptkb:U.S._Department_of_Housing_and_Urban_Development
gptkbp:prohibits	certain property types (e.g., vacation homes) investment property loans
gptkbp:purpose	insure mortgages improve housing standards increase homeownership
gptkbp:regulates	FHA-approved lenders loan limits annually
gptkbp:requires	gptkb:mortgage_insurance_premium_(MIP) primary residence occupancy property appraisal by FHA-approved appraiser
gptkbp:role	does not lend money directly insures loans made by approved lenders
gptkbp:serves	first-time homebuyers repeat homebuyers
gptkbp:targetAudience	low- and moderate-income borrowers
gptkbp:targetUser	adjustable-rate mortgage fixed-rate mortgage reverse mortgage
gptkbp:website	https://www.hud.gov/program_offices/housing/fhahistory
gptkbp:bfsParent	gptkb:Federal_Housing_Administration
gptkbp:bfsLayer	4