At the same time, you can check that the policy is the right one for you as many are different.To get the best Mortgage Payment Protection Insurance policy, it would be sensible to get several quotations from MPPI providers. 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.