FHA Home Loans are quickly becoming the best First Time Home Buyer Home Loan program available. FHA Mortgages offer low Mortgage Rates for home purchase or refinance. First Time Home Buyers can also take advantage of the $8000 First Time Home Buyer Tax Credit currently offered for anyone who hasn't owned a home for the past 3 years. If you currently have an FHA Home Loan, you can take advantage of the fast and easy FHA Streamline Refinance Loan to lower your payment today.

SEPTEMBER 2008

RATES DOWN SHARPLY TODAY

SEPTEMBER, 2008

Rates are down sharply today on the news over the weekend of the government bailout of mortgage giants Fannie Mae and Freddie Mac. Although Fannie and Freddie do not back FHA loans and this does not affect FHA rates directly, FHA rates are still down on the news and may continue to get even better.

Now is the time to consider taking advantage of the FHA Streamline Refinance program. If your FHA 30 year rate is at 6.5% or above, it may make sense to use this low-cost, easy-qualifying program to lower your monthly payment!

The FHA program is also a possible way to refinance out of your subprime ARM. If you have no more than one 30 day late mortgage payment in the past 12 months, you may qualify! Check out our partner site, Bad Credit Mortgage Help, for more poor credit mortgage options!

September 08, 2008 8:00

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