FHA helps realtors sell more homes by providing good mortgage terms that give lenders confidence through various home purchasing, refinancing, and rehabilitation programs. These programs benefit first-time homebuyers and those with less than perfect credit through low down payments and monthly payments. Recent changes have simplified the process for lenders and provided more flexible appraisal and closing cost rules while also helping borrowers avoid foreclosure. FHA loans offer financing options for purchasing, refinancing, rehabilitating, and insuring various types of homes.