Often HUD and FHA loans are used interchangeably yet there are differences. FHA (the Federal Housing Administration) issues loans for homebuyers that may not otherwise be able to qualify for a traditional mortgage or ones that do not have a large down payment.

HUD (the U.S. Dept. of Housing and Urban Development) oversees the FHA and homeownership programs.

An FHA loan is the term real estate professionals most commonly use. If you’re looking for a home and think you may qualify for an FHA loan, please reach out to me at any time.