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FHA Loans - Adjustable Rate Mortgage Program

The FHA adjustable rate mortgage loan (a.k.a. Variable, ARM) is one of the best adjustable rate mortgages available. You may use this FHA loan program for 1-4 unit homes, as well as condominiums, town homes, and PUDs.


FHA does not offer an initial low "teaser" rate like most other adjustable rate mortgages, therefore it will normally start at a slightly higher rate than most other adjustable loans.
FHA adjustable mortgages are designed to protect the home owner from larger payment and interest rates adjustments common with other loans.


The yearly interest can rise or decrease no more than 1% per year vs. 2% for a conventional loan.


The lifetime cap of the FHA adjustable mortgage is no more than 5% over the initial start rate vs. 6% for a conventional loan.


Therefore, a FHA can take 5 years before reaching its maximum rate vs. a conventional loan can cap in only 3 years.
FHA's adjustable rate mortgage is based on the economic indicator index called the 1-Yr. T-Bill. Get Started!


FHA Loans - Adjustable Rate Mortgage Loan































































































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