The Top 10 Reasons You Can’t Refinance Your Option Arm Mortgage; The Top 10 Reasons You Can Still Get A Mortgage With Bad Credit Scores; The Top 10 Reasons Why Paying Off Credit Card Debt With A Home Equity Loan (HELOC) Is Good ... 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.
