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203 FHA Home Loans |
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FHA home loan refinancing offers 203 FHA home loans that enable consumers to finance 97% of home purchase loans at a good interest rate .The 203(b) is a FHA home loan program with a fixed interest rate. The 203 is a popular FHA home loan with first time home buyers. The 203(b) FHA loan keeps your down payment to a minimum. Your closing costs may also be minimized, so ask your loan officer. The 203(b) FHA loan will finance up to 97% loan to value, so you may only need 3% down to buy a home.
You must qualify with specified debt to income ratios, but the 203(b) does not have a minimum income requirement. Check with your loan officer and financial consultant about what your debt to income ratio, or discuss your loan options with an experienced FHA lender. |
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| The interest rates for FHA refinance and home purchase loans remain competitive and comparable to conventional Fannie Mae mortgage rates. | Borrowers are given fixed rate grace with exceptions for qualifying made for borrowers who were not late prior to their mortgage adjusting. | |||||||||||||
Equal Housing Lender. © 2008 FHA Home Loan Refinancing, FSB, Government FHA Mortgage Division. Trade/service marks are the property of FHA Home Refinance Corporation, or their respective loan subsidiaries. Some mortgage products may not be available in all states. This is not a commitment to lend. Certain restrictions may apply. FHA Home Loan Refinancing Corporation, 3 Mason, Ste B, Irvine California 92618 |
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