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FHA Loan

Construction/Perm

Interest Only Mortgage


Commercial Loans

   
Real Estate Investor


Refinance


Loan Modification

FHA ARM products are flexible. The FHA ARM combines the low initial rate of an ARM with the low down payment and liberal qualifying ratios of FHA ARM insured mortgages to produce one of the most affordable ARM products. The FHA ARM also offers exceptional interest rate protection with rate caps that are lower than most ARM programs, as well as an extended period before the first rate change. The FHA ARM also offers a lower margin than other ARM programs, which helps to hold down rate changes. In some cass where my client was unable to qualify for another program, the FHA ARM allowed them to buy their home. Email FHA ARM questions.

Find the FHA ARM limit in your county.

The FHA ARM is an excellent choice for many buyers because the FHA ARM program requires only 3% cash (which may be a gift) and is more forgiving of past credit issues. We look at the last two years of credit history. FHA ARM products allow overcoming credit issues with sufficient explanations and supporting documents. Never rule yourself out of an FHA ARM because of credit. More information on FHA ARM credit requirements is available

FHA ARM Program fills these needs:

 

Your Need	Feature
Home Affordability And Easy Credit Qualification	LTV less than 95% - qualify at the FHA ARM note rate. Easier to qualify. Choosing a higher margin allows you to get a lower initial rate.
Payment Security	First adjustment occurs 12 to 18 months after the first installment payment is due. Interest rate on an FHA ARM cannot increase more than 1% per year or more than 5% over the life of the loan.
Speed	easier documentation requirements  Prequalification fast and free
Special Advantage	Assumable with a qualifying buyer May refinance inexpensively into a fixed rate with lower closing costs.

Read and learn more about FHA ARM compensating factors