Question: are fha loans 100 insured?
Answer: An FHA loan is a mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). ... As of 2020, you can borrow up to 96.5% of the value of a home with an FHA loan (meaning you'll need to make a down payment of only 3.5%). You'll need a credit score of at least 580 to qualify.