FHA loans are insured by the government to allow a greater number of Americans to own or refinance a home of their own. A variety of FHA mortgage programs are offered to fit your needs.
FHA Loan Types
FHA LOAN: ADJUSTABLE RATE
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.
FHA LOAN: FIXED RATE
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.
ENERGY EFFICIENT MORTGAGE
The FHA 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 MORTGAGE
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 LOANS FOR CONDOMINIUM UNITS
FHA Condominium Loans are specifically designed toward those who purchase housing units in a condominium building.
GROWING EQUITY MORTGAGES
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.
FHA NEWS and RELATED ARTICLES
Are you considering an application for an FHA home loan or refinancing an existing FHA mortgage in 2012? Consider your options, which include an FHA Energy Efficient Mortgage or EEM. Many FHA borrowers are interested in home improvement loans or rehab loans, and there are multiple options for borrowers. There is an FHA 203(k) Rehabilitation Loan program, and the FHA and HUD also offer something called the Title I loan. First-time home buyers are sometimes intimidated by the loan application process, but an FHA loan applicant can learn a great deal and reduce those feelings of intimidation simply by examining an FHA loan application and using an FHA mortgage calculator.ADDITIONAL ARTICLES
Copyright © 1997- 2012 · FHA.com · All Rights Reserved
Web Design: Bouncing Pixel · Houston, Texas
Qualify for an FHA Loan
Sites and Offers of Interest
Free FHA Limits Calculator
Get: FHA Limits Widget
FEATURED SITES:
Helping you make the best financial choices, build wealth, and save money during and after your military service.
-- Military Insurance
-- Military Pay
-- GI Bill Education
-- Military Finance
Offering VA loan products that meet the home financing needs of active duty military and veterans across the country.
-- VA Loan Limits
-- VA Loan Refinance
-- VA Loan Guidelines
Remember, the FHA does not make home loans. They insure the FHA loans that we can assist you in getting. FHA.com is a privately owned website that provides information about FHA guaranteed home loans, and is not associated with the federal government or HUD / FHA.
FHA LOAN TYPES:
-- FHA Refinance
-- FHA Streamline
-- FHA Cash-Out
-- FHA Home Loan
-- FHA Secure
-- FHA Reverse
-- FHA Loan (fixed rate)
SPECIAL FHA TOPICS:-- FHA Down Payments
-- FHA Credit
-- FHA Appraisals
-- FHA Mortgage Tips
-- FHA Loan Prequalify
-- Other Loan Types
-- FHA Loan Questions
-- Obama Mortgage
-- HOPE Act
