FHA Interest Rates, Pacific Beach, CA
By Chris "The Loan Ranger" McBrearty, NMLS 274079, FHA, VA, USDA, Loan Officer and Educator
(Fairway Independent Mortgage, DBO/CRMLA #41DBO-78367, NMLS #2289)
With so many different banks, brokers and lenders to work with understanding FHA interest rates has become extremely important for today's home buyer. FHA can be an ideal way to purchase a home with underwriting that is far more relaxed than typical loans and requiring less cash out of pocket than most loans (as little as .5% of the purchase price). How many other loan products will allow you to buy a $300K home with $1500(+-) and a low mortgage payment that is even lower than rent in some cases? There is much to learn but one item that is important is the FHA interest rates. Not all companies offer the lowest rates and not all loan officers offer the same rate within their own company! In order to insure you get the best rate for your scenario you need to look for a professional mortga...
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