Federal Housing Administration (FHA) loans are government-backed mortgages aimed at assisting moderate to low-income individuals and first-time homebuyers in securing financing for home purchases. Administered by the Department of Housing and Urban Development (HUD), FHA loans offer more flexible qualification requirements compared to conventional loans, including lower down payment options, allowing borrowers to put down as little as 3.5% of the purchase price. These loans also accommodate individuals with lower credit scores and provide the possibility for applicants to qualify even after previous financial challenges, such as bankruptcy or foreclosure, under certain conditions. FHA loans play a pivotal role in expanding homeownership opportunities for those who might not meet the stringent criteria of conventional mortgages, fostering access to affordable housing for a broader spectrum of Americans.