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Fixed Thirty Year FHA Mortgage Loans
The fixed thirty year FHA mortgage loan became the most popular home loan in 2008. Borrowers like this FHA mortgage because the rate is competitive and there is no penalty for an early pay-off. The other important feature is that FHA allows financing and refinancing up to 97% loan to value. Nationwide Mortgage Loans offers competitive FHA mortgage loans with 15 or 30 year term options.
Ask your FHA lender about state specific limitations and pricing incentives that may help reduce your mortgage payment even more. HUD regulates the loan amount limits that vary from state to state based on cost of living conditions. Borrowers are taking out FHA home loans for rate and term, cash out, bill consolidation and new home purchases.
Affordable Fixed Rate Government Home Mortgage Loans
Increased loan limits in 2008, helped more borrowers qualify for affordable thirty year fixed rate mortgages that were government insured. Discuss your criteria with one of our experienced loan officers that can help educate you about the new FHA guidelines that may benefit your bottom line.
| Refinance Your High Rate ARM and Lower Your Monthly Payments with a Fixed 30 Year Mortgage with No Pre-Payment Penalty |
| Loan Amount |
Current ARM Payments |
New FHA Payment* |
Monthly Payment Savings |
| $100,000 |
$944 |
$599 |
$345 |
| $200,000 |
$1,779 |
$1,199 |
$580 |
| $300,000 |
$2,568 |
$1,798 |
$770 |
* This is a sample of thirty year mortgage to and assumes interest rate for the loan at 6%.
Apply Now and find out how much you can save! |
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