FHA loans are insured by the U.S. Federal Housing Authority. An FHA mortgage is an attractive government home loan option for home purchases when credit scores are too low for a conventional loan or for those who only want to make a 3.5% down-payment. Rates are often low for FHA loans but the monthly PMI normally lasts the full term of the loan. FHA has a loan amount maximum for each county. Contact us and we can provide you with the FHA loan amount limit for your area.