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Basic home mortgage loan or 203(b) loan: The 203(b) loan is the FHA’s main home loan program for buying a home or refinancing. These loans come with fixed and adjustable-rate options, as well as ...
First, here’s a quick primer on how ARMs and FHA loans work. An adjustable-rate mortgage, or ARM, is a type of home loan with an interest rate that changes over time. It has a lower fixed rate ...
The FHA streamline refinance program makes it easier and cheaper for borrowers who have a Federal Housing Administration-insured mortgage to refinance their loans at lower rates.
FHA loans may feature attractive mortgage interest rates compared with conventional loans because the government’s backing of the loan reduces the risk for the lender. But, the rate a lender ...
FHA loan: Insured by the Federal Housing Administration, FHA loans allow you to buy a home with a minimum credit score of 580 and as little as 3.5 percent down, or a credit score as low as 500 ...
FHA adjustable-rate mortgage: Also used to purchase a primary residence, an FHA adjustable-rate mortgage is a type of home loan with an interest rate that changes over time. ARMs begin with a ...
FHA loans are also appealing to cash-strapped buyers because of the FHA’s flexible standards on who pays for closing costs. You could be eligible for seller credits — meaning the current ...
For single-family home loans this year, the FHA loan limits range from a floor of $498,257 to a ceiling of $1,149,835. ... Compare the loan interest rates, as well as terms and fees. Show comments ...
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