FHA Loan Rates
May 17, 2008

30 Yr. Fixed
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No Points
Low Interest
Best APR

15 Yr. Fixed
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No Points
Low Interest
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
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FHA Loan (fixed rate)
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Energy Efficient Loan
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Growing Equity Mortgage
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FHA Condo Loans
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Graduated Payment Mortgage

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FHA Facts | FHA Loan Types | Down Payment Grants

FHA Down Payment Grants
-- The Responsible Home Ownership Program

The Responsible Home Ownership program is run by a non-profit organization called Community Housing and Development Corp. The Responsible Home Ownership program offers down payment assistance to low-income individuals who have steady income and good credit. You may qualify for this program if you meet the following criteria:

You meet the low-income criteria for this assistance program.
You are pre-qualified for an FHA home loan, or are approved for an FHA loan.
You are purchasing a home in the United States (as opposed to "offshore").
You purchase a "participating home".

The participating home requirement means the seller must sign the "Participating Home Agreement". Check with your loan officer and/or realtor to learn how to get your seller involved in this program if the seller is not already participating. Funds from this program can be used for both closing costs and down payments. This down payment assistance program is much different than other programs in one major way; it is not limited to owner-occupied single family residences. The terms of this program allow down payment assistance for multi-family homes and even commercial purchases. Some of the purchases you can make using down payment assistance from the Responsible Home Ownership program may fall outside the bounds of what you are permitted to buy with an FHA loan. Check with your loan officer if you have specific questions about your participation in this program using an FHA-approved home loan.

Down payment assistance programs generally require the seller to pay a fee to participate. This fee is considered a payment for services rendered and not a tax-deductible charitable contribution.

For more information on how the grant program can be beneficial to you, you must be a qualified home buyer under the fha home loan program. We recommend that you first get pre-approved for an FHA home loan and then your lender will assist with getting you educated on the down payment program that is right for you.

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FHA Down Payment Grants-- The Responsible Home Ownership Program

FHA Down Payment Grants
-- The Responsible Home Ownership Program