The Federal Housing Administration (FHA) is an agency of the federal government that covers private loans for new and existing housing as well as loans for home repairs. The agency was created by congress in 1934. In 1965, FHA became part of the Department of Housing and Urban Development’s Office of Housing (HUD). The objective of the FHA is to help borrowers get the loan amounts they qualify for, and to help lenders by reducing their risk in delivering loans. To find out if you are eligible for an FHA-insured loan, contact us.