Click Here to learn more about Mortgage Refinance In California Technorati tags bad credit loan california refinance mortgage refinance bad credit mortgage loan california refinance mortgage loan The number of foreclosures in Rockingham County are increasing, following the national trend. As stated earlier, FHA mortgage is a way for homebuyers to obtain financing for their homes. All home purchases require buyers to make a certain set percentage of the total purchase price, called the down payment. What the FHA mortgage insurance does therefore is to allow a homebuyer to make a modest down payment and obtain a mortgage for the balance of the purchase price.