FE Loans

FHA loans, often referred to as "FE loans," are a type of mortgage backed by the Federal Housing Administration. They are designed to help people with lower credit scores or limited down payments qualify for homeownership. These loans typically require smaller down payments and have more flexible qualification standards compared to conventional loans. The FHA insures the loan, reducing risk for lenders and making it easier for borrowers to access financing. While they may have slightly higher mortgage insurance costs, FHA loans are a popular option for first-time buyers and those with less-than-perfect credit who want to buy a home with manageable terms.