What Does FHA Insure?

The FHA provides insurance for mortgages on detached or semi-detached property dwellings, as well as row homes and townhouses, and individual units in condominium projects that meet FHA approval.

Because FHA only insures owner-occupied principal residences, this means that mortgages on commercial properties (including hotels, boarding houses, bed-and-breakfasts, private clubs, and university fraternity/sorority houses) are not eligible for assistance.