Answer:
An FHA is a government-backed mortgage.
Step-by-step explanation:
An FHA is a government-backed mortgage.
An FHA loan or the Federal Housing Administration loan is a government-backed mortgage.
An FHA loan easily obtained, but no matter what, the borrower will have to pay the mortgage insurance. In this way, the lender's money is protected from a loss if the borrower defaults out on the loan.
