800-546-2289 info@29loans.com

Features and benefits of FHA Loan Programs

 

FHA Fixed Rate Mortgage

FEATURES BENEFITS
Higher Ratios Allows more borrowers to qualify
3% Down Payment Minimal cash outlay
Buydown Option Available Ability to qualify for more home
Fixed Rate Easy budgeting
Financed MIP Lowers closing close
Assumable No rate increase
Buyer must qualify

 

FHA Adjustable Rate Mortgage

FEATURES BENEFITS
Higher Ratios Allows more borrowers to qualify
3% Down Payment Minimal cash outlay
Lower Initial Payment Rate Ability to qualify for more home
Financed MIP Lower out of pocket expenses
Assumable Can help in sale of home if buyers qualify
Ability to make unscheduled principal reductions and have it impact payments Can possibly reduce payments at next interest rate adjustment

800-546-2289

Call Now for Immediate Assistance

Call Now ButtonCall Now