Despite what many people think, the Federal Housing Administration (FHA) does not actually issue mortgage loans. It provides mortgage insurance, which protects lenders like ProVisor. This makes it so that the qualifications for an FHA loan are more liberal, making it easier to secure a mortgage and move into home ownership. Some of the main benefits of FHA loans are that they require lower total cash to close, have higher loan amounts with lower down payments and offer purchase and rehab financing, which is great for customers that need to do some quick remodeling or renovations that they might not have cash on hand for.