FHA loan rates can vary by lender, though, so be sure to compare your options before submitting a mortgage application. An FHA loan is a mortgage insured by the Federal Housing Administration.

Loans that are insured by the FHA have lower down payment requirements than conventional loans and tend to be a more affordable option for first-time homebuyers. However, even an FHA loan has fees ...

An FHA construction loan is a type of FHA loan that covers the cost of building a home, including the land or lot purchase, ...