Can our house ever be foreclosed wth an FHA Loan?

FHA is insuring your loan. Your lender can foreclose anytime for lack of payments.

FHA is not the lender, as who you pay your loan to. FHA is a guarantee mortgages made by a lender. You pay the upfront and monthly mortgage insurance, which funds the insurance account. You are no more protected from foreclosure than any other type of loan. FHA was created to help Americans become homeowners and help the lenders avoid losses, so they can then re lend their money to others.

Yes, you can still be foreclosed on.

There are no such loans with guaranteed no foreclosure. Yes, HUD is the federal agency which insures these loan through FHA. Please contact me directly for further information on FHA loans. Brian Blonder EagleBank (240) 406-1146 or bblonder@eaglebankcorp.com.

It's possible to even have a FHA Reverse Mortgage and be foreclosed upon. If you do not maintain the taxes and homeowners insurance you could run the risk of foreclosure. However you could not be foreclosed upon because of non payment, since there is no payments on a Reverse Mortgage.

FHA insures you house but the insurance covers the lender if you default.