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Up to $417,000 5.500% 5.750% APR 660+ Score
FHA 203(b) APRate includes Pre-paid Escrows, Closing Costs and 1.00% FHA Origination/ 1.00% Discount Fees as of 6/11/2009 Note: FHA Jumbo and 203(k) Rates require a Quote based on Loan Amount
FREE 203k Rehab Information for All Applicants
Call 877 FHA FREE (342 3733)
First Time Home Buyer or Second Time, need Cash to Rehab an old kitchen or add a private suite for your parents? You can use the FHA 203(k) program to Purchase or finance the rehab of your single family, 2,3 or 4 multi-unit or condominium.
FHA 203b Programs also allow a FHA Purchase up to 96.50% and a FHA Rate/Term Refinance up to a 97.75% Loan to Value of the Purchase Price or Appraised Value of your Home.
Plus you can refinance your primary single family home with a FHA Cash-out (for any reason) up to a 85.00% Loan to Value, or your primary 2, 3 or 4 unit home up to 85%. Title must be in your name for a minimum of 12 months to obtain Cash-out refinancing.
FHA Insured Reverse Mortgage referred to as the Home Equity Conversion Mortgage (HECM) provides homeowners 62 years of age or older is the Golden Opportunity to take theequity from their home for tax free income. Ask your CPA about the benefits for your personal situation - the HECM - the loan that never has a payment.
FHA is the BEST WAY to Purchase, Re- finance or Rehab your Home