FHA Rate Updates for 9/8/2008
| FHA Program | Rate | APR |
| 30 Year Fixed | 5.875% | 6.397% |
| 15 Year Fixed | 5.500% | 6.280% |
| 5/1 ARM | 5.500% | 4.988% |
| 3/1 ARM | 5.250% | 4.627% |
APR based on 3.0% down payment on a $300,000 sale price
FHA
Purchase Assistance Program
1.0% Borrower Closing Cost Credit
(FHA Purchase loans)
- 3.0% Down to $729,750
- 0 Down with Approved Down Payment Assistance Program
- Funds may be 100% Gift for Down Payment and Closing.
- Up to 6.0% Seller or Lender Credit okay!
- No Pre Payment Penalty
FHA Refinance
- Rate & Term Refinance to *97% LTV
- Cash out available to *95% LTV
- Past Credit Problems okay!
- Subprime ARM adjusting? We can help!
- No Equity? No problem! We will assist you with negotiating a short payoff (or) subordinate financing with your existing lender.
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FHA Real Estate Center
Down Payment Assistance is still available for Homebuyers receiving FHA Loan Approval prior to October 1st, 2008 - Click Here
Act Now, Before you are shut out of Homeownership!
Why More2Lend Financial?
- HUD (FHA) Approved Lender & Correspondent since 2002
- Over 30 years of management experience originating, processing and funding FHA Loans
- Customer Service and meeting closing deadlines is our #1 priority!
- Government Financing will represent up to 60% of all purchase loans funded by year end 2008.
Realtor Benefit:
- Loan Prequalification or Formal Loan Approval before making an offer!
- Peace of Mind knowing that your Client is qualified and Escrow will close on time!
- An FHA Credit Manager will be assigned to provide updates to all parties involved with the purchase transaction.
Borrower Benefit:
- Thorough consultation and review of your loan qualifications including program options, down payment requirements and closing fees.
- "No Down Payment Required" with Approved Down Payment Assistance Programs.
- 1.0% Borrower Credit towards NRCC's compliments of More2Lend Financial for FHA purchase loans originated and funded prior to August 31, 2008.
You may provide us with preliminary information about your client by filling out our short FHA prequalification form or you may forward this to link to your client.
If you have any questions, please contact us at 800-310-7577.
FHA Loan Approval
within 24 hours
M&H Partners, Inc. DBA More2Lend Financial
HUD FHA Approved Lender # 1931000001
Licensed Real Estate Broker, California Department of Real Estate #01325622 Broker of Record: Joseph M. Moore |
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