FHA (Federal Housing Administration) loans are a popular way for home buyers to purchase a home when they do not quite fit into a conventional mortgage. FHA allows the home buyers expanded qualifications on the amount of monthly debt they are allowed to have, citizenship requirements, co-borrowers or cosigners on the loan & less stringent credit guidelines. FHA loans are also available for the borrower with no reported credit accounts on their credit report. The federal government insures these loans in order for the dream of home ownership to be more readily available for everyone. FHA does have maximum loan amounts but has no borrower income maximum.