What is FHA?

The Fair Housing Act (FHA) is a law enacted as part of civil rights legislation that prohibits discrimination of home sales, rentals, and financing based on race, color, national origin, religion, sex, familial status or those with disabilities.

Not to be confused with an FHA loan, which is a mortgage insured by the Federal Housing Administration (NOT the Fair Housing Act). Borrowers with FHA loanspay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan, but can purchase a home with lower required down payments than traditional mortgages.

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