There are
many
different
types of FHA
Mortgage
Loans find
the topic
that fits
your needs.
FHA Fixed
Rate
Mortgages -
203b
Through this
FHA Mortgage
Loan, HUD's
Federal
Housing
Administration
(FHA)
insures
mortgages
made by
qualified
lenders to
people
purchasing
or
refinancing
a home of
their own.
-more on
fixed rate
FHA
mortgage-
Adjustable
Rates
Mortgages
-Section 251
Through this
FHA Mortgage
Loan
Section 251
insures home
purchase or
refinancing
loans with
interest
rates that
may increase
or decrease
over time,
enabling
consumers to
purchase or
refinance
their home
at a lower
initial
interest
rate.
-more on FHA
ARM, or
adjustable
rate
mortgage-
Graduated
Payment
Mortgages -
Section 245
Through this
FHA Mortgage
Loan
Section 245
enables a
household
with a
limited
income that
is expected
to rise to
buy a home
sooner by
making
mortgage
payments
that start
small and
increase
gradually
over time.
-more
graduated
payment
mortgages-
Growing
Equity
Mortgages -
Section 245a
Through this
FHA Mortgage
Loan
Section
245(a)
enables a
household
with a
limited
income that
is expected
to rise to
buy a home
sooner by
making
mortgage
payments
that start
small and
increase
gradually
over time.
The
increased
payments are
applied to
reduce the
principal
owed on the
mortgage and
thus shorten
the mortgage
term.
-more on
growing
equity
mortgage-
Energy
Efficient
Mortgages
The Energy
Efficient
Mortgages
FHA Mortgage
Loan Program
(EEM) helps
homebuyers
or
homeowners
save money
on utility
bills by
enabling
them to
finance the
cost of
adding
energy-efficiency
features to
new or
existing
housing as
part of
their
FHA-insured
home
purchase or
refinancing
mortgage.
-more on
energy
efficient
mortgages-
Mortgages
for
Condominiums
- Section
234c
This FHA
Mortgage
Loan
program
insures the
loan for a
person who
is
purchasing a
unit in a
condominium
building.
-more on
mortgages
for
condominiums-
