FHA Loan Types

30 year Fixed Mortgage Rate vs. FHA ARM Loans And Much More…

va-home-loan-eligibility1-300x197Find The Best FHA Loan That Fits Your Needs

FHA Loan – Fixed Rate Mortgage – 30 year fixed mortgage rate – 15 year fixed mortgage rate.

A Fixed Rate FHA loan will benefit those who would like to purchase a home but have not yet been able to put the 20% down payment away for the purchase.

A 30 year fixed mortgage rate or 15 year fixed mortgage loan may be a good fit for you if you are…

  • A First Time Homebuyer
  • Newly Married
  • Recenly out of college
  • Someone who has credit challenges and are looking for a mortgage loan for bad credit or mortgage loan for minimal credit.

FHA Loan – FHA Adjustable Rate Mortgage – FHA ARM

The FHA adjustable rate mortgage (ARM) is a HUD mortgage loan that is designed for the invividual that meets all the same criteria above but also desires to get an even more agressive rate knowing that in a few years they will be moving out of the home and because of that wanting to get the lowest monthly amount on their mortgage loan payment.

FHA Loans For Condominium Units – FHA Approved Condos

A FHA Condominium Loan is specifically designed if you want to purchase a housing unit in a condominium building.

FHA Energy Efficient Mortgage

An FHA Energy Efficient Mortgage (EEM) helps you if you are a current or potential homeowner by significantly lowering your monthly utility housing bills. The (EEM) allows you to incorporate the cost of energy efficient improvements into your new FHA home loan or FHA refinancing loan. This loan program applies to all FHA Loans including the ARM loan as well as loans that have 30 year fixed rates.

FHA Graduated Payment Mortgage

A Graduated Payment Mortgage is an FHA loan could be a good fit for you if you are a potential homebuyer who currently has low to moderate income but you expect your income to increase substantially over the next few years.

FHA Growing Equity Mortgages

An FHA Section 245(a) mortgage loan is a good fit for the person who currently has limited income, but they expect that their monthly earnings will increase, this allows that person to purchase a home with the help of a Growing Equity Mortgage loan where the payments start small and increase very slowly over the life of the loan.