Mortgage Lending: 1.5.12 Government Mortgage Guarantors
A number of government programs insure or guarantee mortgage loans made to homebuyers who meet certain criteria. Loans subject to these programs are sometimes called “agency loans.” These programs are offered by the Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development; the Rural Housing Service (RHS), which is part of the Department of Agriculture; and the Department of Veterans Affairs (VA). State housing finance agencies also insure home mortgages.