FHA Adjustable Rate Mortgages For Only 3.625%


FHA Adjustable Rate Mortgages For Only 3.625%
By Scott Rogers • April 4, 2011
As of today, you can obtain an amazing 3.625% interest rate on a 5/1 adjustable rate mortgage through FHA. Until recently, I had thought that 30 year fixed rate mortgages were the only product offered through FHA, but Oguz Sengul pointed out that FHA also offers a 5/1 ARM. A "5/1 ARM" is a mortgage that has a fixed rate (3.625%) for five years, and then can adjust once every year. If you anticipate only being in your home for 3, 4, 5 or 6 years, this can be a fantastic loan program to consider! Receive Updates by Email Recent Articles: Buyer Demand Exceeds Supply In Varying Degrees By Price Range Pending Home Sales Data Points To Slower Months Of Home Sales Ahead Detached Resale Home Sales Decline 39% In Two Years, Down To... Pre Covid Norm What A Great Time To Sell Your Million Dollar Home Home Buyers Who Bought Homes Two Years Ago Thought They Were Paying Crazy High Prices For Their Homes How Likely Is It That We Will Find A House That Fits You Better Than This One In The Next 90 Days? Fewer Home Sellers, Thus Fewer Home Buyers, But Ever Higher Sales Prices In Early 2023 First Look At February 2023 Home Sales Valley View Village, To Include 420 Apartments, Proposed For Reservoir Street Balancing Optimism, Pessimism And Realism When Thinking About An Almost Perfect House
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Mar 22, 2023 (unless otherwise noted).
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