What is the Federal Housing Administration?

Federal Housing Administration Definition

The FHA (Federal Housing Administration) was created in 1934 by the National Housing Act to promote home construction and reduce unemployment. The FHA does this partially by operating several loan insurance programs, including insurance for 1-4 unit properties under the 203(b) and 203(k) loan programs, and insurance for multifamily and healthcare properties under the HUD 221(d)(4), HUD 223(f), HUD 232, and HUD 223(a)(7) programs. Even though the FHA operates loan insurance programs, it builds no properties and makes no loans.

To learn more about the HUD 223a7 refinance program, fill out the form below to speak to a HUD/FHA loan expert.