A home inspection conducted by an FHA-approved appraiser is used to determine the home’s condition, market value and defects.. manufactured homes, and single-family dwellings can qualify for. The Federal Housing Administration (FHA) insures private FHA-approved lenders against losses from default on single-family mortgages they issue.
The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and multi-family homes in the United States and its territories. In order to get an FHA loan, the property must first be FHA-Approved.