A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- VA LoanA mortgage backed by the Department of Veterans Affairs that lets eligible service members and veterans buy with no down payment.
- Mortgage InsuranceA charge that protects the lender if a borrower stops paying, required on certain low-down-payment and government-backed loans.
- Down PaymentThe upfront cash you pay toward a home's price, with the rest covered by your mortgage loan.
- Pre-ApprovalA lender's written estimate of how much they will lend you, based on a review of your finances before you shop for a home.
- Credit ScoreA number that sums up how you've handled borrowing, shaping the rates you're offered.
- MortgageA loan used to buy a home, where the property itself acts as collateral the lender can take if you stop paying.
Turn this into a brick
Knowing what FHA Loan means is knowledge — the first half. A brick gets placed when you act on it.
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Plain-English education — not personalized legal, tax, or investment advice.