Are FHA loans adjustable rate loans or fixed rate?

One Comment

1. itsmekatiebeth June 2, 2014

   Here is some information on different types of FHA loans

   FHA Loan Rates
   April 18, 2008

   30 Yr. Fixed
   —————
   No Points
   Low Interest Rates
   Best APR

   15 Yr. Fixed
   —————
   No Points
   Low Interest Rates
   Best APR

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   Remember, the FHA does not make home loans. They insure the FHA loans that we can assist you in getting.

   FHA.com is a private mortgage company specializing in fha home loans and is not associated with the federal government or HUD / FHA.

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   FHA LOAN TYPES

   FHA Refinance
   – – – – – – – –
   FHA Loan (fixed rate)
   – – – – – – – –
   Energy Efficient Loan
   – – – – – – – –
   Growing Equity Mortgage
   – – – – – – – –
   FHA Condo Loans
   – – – – – – – –
   Graduated Payment Mortgage

   — — — — — — — —

   FHA Facts | FHA Loan Types | Down Payment Grants

   The FHA adjustable rate mortgage is a HUD mortgage specifically designed for low and moderate-income families who are trying to make the transition into home ownership.

   An FHA loan benefits those who would like to purchase a home but haven’t been able to put money away for the purchase, like recent college graduates, newlyweds, or people who are still trying to complete their education.

   The Energy Efficient Mortgage program (EEM) helps current or potential homeowners significantly lower their monthly utility bills. It allows them to incorporate the cost of energy efficient improvements into their new FHA home loan or FHA refinancing loan.

   Graduated Payment Mortgages are FHA loans for homebuyers who currently have low to moderate incomes but expect them to increase substantially over the next 5 to 10 years.

   FHA Condominium Loans are specifically designed toward those who purchase housing units in a condominium building.

   FHA Section 245(a) allows those who currently have a limited income, but expect that their monthly earnings will increase, to purchase a home with the help of a Growing Equity Mortgage in which payments start small and increase gradually over time.