Fha Maximum Mortgage What Is Fha Approved Mean The Department of Housing and Urban Development, which governs the FHA, sets the rules for homes to get approved. Because the FHA insures home loans, but does not directly fund them, the lender is an.Mortgage Insurance Fha Loan This Federal Housing Administration (fha) mortgage insurance premium (MIP) calculator accurately displays the cost of mortgage insurance for an FHA-backed loan. Unlike most private mortgage insurance (PMI) policies, FHA uses an amortized premium, so insurance costs change along with your loan amount.Are Fha Loans Good Hud Mortgage Assistance Program The home affordable unemployment program (UP) reduces or suspends mortgage payments for 12 months or more for homeowners who are unemployed. Eligibility. Anyone who has not already obtained a HAMP modification on his/her mortgage may be eligible.