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Federal Housing Administration (Noun)

Meaning

The federal agency in the Department of Housing and Urban Development that insures residential mortgages.

Classification

Nouns denoting groupings of people or objects.

Examples

  • The Federal Housing Administration plays a critical role in making homeownership accessible to millions of Americans.
  • Homebuyers can take advantage of the lower down payment requirements offered by the Federal Housing Administration's mortgage insurance programs.
  • In response to the economic crisis, the Federal Housing Administration expanded its loan guarantees to include a wider range of properties.
  • By insuring residential mortgages, the Federal Housing Administration provides liquidity to the mortgage market and stimulates housing market growth.
  • Homeowners who finance their purchases through the Federal Housing Administration benefit from competitive interest rates and reduced closing costs.

Synonyms

  • FHA

Hypernyms

  • Bureau
  • Office
  • Federal Agency
  • Authority
  • Government Agency
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