Bad credit houston mortgage texas California equity home loan rate Debt consolidation online quote No credit card required credit report Bankruptcy bad credit personal loan Atlanta home loan Best california equity home loan Refinance... FHA (HUD0 insures then insures the loan and pays the lender if the borrower defaults on the mortgage. The protection offered by FHA mortgages to lenders allows them to be more liberal with their terms than the prospective homeowner might otherwise obtain.