FHA Fixed Rate Loans

 Available in 15-20-25-30 year terms.

Maximum Loan Amount: Varies by Geographic area.
Loan Purpose: Purchase, Refi - Rate & Term, Refi - Cash Out.
Property Types: Single Family Attached/Detached, Primary 1-4 Units, Condominiums or PUD's (with restrictions).
LTV - Loan to Value: 97% normally (restrictions apply).
PMI - Mortgage Ins. Premium Per FHA Guidelines; normally 1.5%(financed) + .50% monthly.
Buydowns: Yes.
Assumability: Yes, to qualified buyers.
Gift Funds Allowed: Yes.

Advantage:

  1. Enjoy a low fixed rate for the full term of your loan.
  2. Excellent for first time buyers - small investment needed to close.
  3. Income/Debt ratios more lenient than Conventional loans.

These products and/or services are only offered in jurisdictions where they may be lawfully offered for sale. Facts and data provided are obtained from sources believed to be reliable, but we cannot guarantee that they are accurate or complete. This data is not intended to provide legal, accounting, or tax advice and should not be relied upon in that regard.
For more complete information call Howard Hudson at (503) 693-1894 or click here to send a message.

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