Fha Home Loan Programs

The FHA loan program requires mortgage insurance premiums (MIPs), which you can either pay upfront or add to the loan balance. Paying MIP upfront costs 1.75% of the loan amount. For a $200,000 home with 3.5% down, the upfront MIP costs $3,377.

Ask an FHA lender to tell you more about FHA loan products. Find an FHA lender. Need advice? Contact a HUD-approved housing counselor or call (800) 569-4287. Need help with your downpayment? State and local governments offer programs that can help. Find a program near you.

An FHA home loan is a mortgage insured by the Federal Housing Administration that can be a great option for buyers who wish to put down less than 20%. FHA loans also have less stringent guidelines than some other loan products for income and debt requirements, which makes it a popular mortgage for first-time homebuyers.

FHA Loan Programs. The most popular FHA loan is the FHA 30-year fixed rate mortgage. However, that isn’t the only term that FHA mortgages offer or the only loan program that is possible. FHA loan terms often come in 10, 15, 20 or 25 years – depending on the FHA approved lender that you are working with. Popular FHA loan programs include:

FHA-Home-Loans.com is not a mortgage lender and does not make or offer fha loans directly or indirectly. Information about FHASecure refinance program to help borrowers who are facing foreclosure and must refinance.FHA-Home-Loans.com is owned and operated by a private company specialized in providing information about FHA loans and does not.

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. Insurance Premiums Similar to the Federal Housing Administration’s FHA mortgage, the USDA uses homeowner paid mortgage insurance premiums to keep the USDA home loan program viable for future home.

To further entice FHA mortgage holders, the FHA also offers upfront mortgage insurance premium (upfront mip) refunds. This refund allows a portion of the premium paid when the original FHA loan closed to be applied to the upfront MIP of the new FHA streamline refinance loan. Check today’s fha streamline refinance rates here.