HUD insures mortgage loans to help people buy or refinance their current homes at a low interest rate and with a low down payment.  HUD doesn't give you the loan directly. You'll need to go to a local HUD-approved lender, who will help you find out if one of HUD's programs is right for you.

In the Fredericksburg-Northern Virginia area, in calendar year 2006, the FHA mortgage insurance limit on one-family houses will rise  to $362,790.

 For more information on FHA and HUD programs, go to:

http://www.hud.gov