FHA Loans are mortgage loans backed by the Federal Housing Administration, designed to help low-to-moderate-income borrowers qualify for home financing. These loans typically require a lower down payment, often as low as 3.5%, making homeownership more accessible for first-time buyers. Additionally, FHA Loans have more flexible credit score requirements compared to conventional loans, allowing individuals with less-than-perfect credit to secure financing. Borrowers must pay mortgage insurance premiums, which protect lenders in case of default, but overall, these loans provide a valuable option for those looking to purchase a home.