Fha Home Equity Loan Requirements Goverment Mortgage Loan Fha Home Loan Pre Approval A pre-approval is a statement from a potential lender asserting that a borrower would be approved for a certain loan amount. gaining pre-approval means that you as a borrower likely qualify for a certain mortgage according to the lender’s guidelines.You may qualify for FHA home loans in MA or RI through our government mortgage program. Learn about the benefits and qualifications at RocklandTrust. com.Fha Homeloan FHA loans are loans that are mortgages partially insured by the federal government. It means, if you were to take an FHA loan and default on the payments, the lender would have less risk and assume less loss than they would with an uninsured or traditional home loan. An FHA loan is.