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Tuesday, 15 June 2010 / Published in Home Buyers

Interest Rates on FHA loans keeps declining!

It’s Seems that everything is inflating these days, except INTEREST RATES on FHA LOANS!

FHA loans are not just for hard to qualify homebuyers, but everyone should consider an FHA loan, here’s why:

  • Today’s FHA 5/1 ARM hovers around 3.5%.  This is a fixed rate for 5 years!
  • After 5 years, the annual interest rate cap is limited to 1% annually with a maximum of 5% over the life of the loan. In other words, in year six, the worst case rate is 4.5%, 5.5% in year 7 and so on with a maximum of 8.5%.  

Here are a few additional qualifying opportunities:

  • Down payments as low as 3.5%!
  • Loan amounts up to $729,219 (in high dollar markets only, see your Loan officer for your specific area)!
  • Loan is fully assumable!
  • Borrower qualifies at 5 year fixed interest rate!
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Tagged under: down payments, FHA, FHA loans, homebuyer, interest rates, loans

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Kevin Toll Group, LLC 
Long & Foster RE, Inc.
Cell: 610.609.1096
Office 610.449.2600
Email: kevin.toll@LongandFoster.com

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Serving Conshohocken, Center City Philadelphia, Broad St Philadelphia, Fishtown Philadelphia, Newark Delaware, Elkton MD

The Kevin Toll Group

Kevin Toll Group, LLC Team Leader and Recruiter  |  Keller Williams Empower | Cell: 610.609.1096  |  Office: 610.897.0000
Email: Kevin.Toll@TollRealtyGroup.com
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  • Havertown
  • Main Line
    • Col-1
      • Ardmore
      • Bala Cynwyd
      • Berwyn
      • Bryn Mawr
      • Devon
      • Gladwyne
      • Haverford
    • Col-2
      • Malvern
      • Merion Station
      • Newtown Square
      • Paoli
      • Penn Valley
      • Philadelphia
      • Radnor
    • Col-3
      • Rosemont
      • St. Davids
      • Valley Forge
      • Villanova
      • Wayne
      • West Chester
      • Wynnewood
  • Philadelphia Area
    • Fairmount-Art Museum-Spring Garden
  • Chester CTY.
    • Berwyn
    • Chester Springs
    • Devon
    • Downingtown
    • Exton
    • Glenmoore
    • Malvern
    • Phoenixville
    • Spring City
    • West Chester
  • Delaware CTY.
    • Ardmore
    • Broomall
    • Chadds Ford
    • Glen Mills
    • Media
    • Newtown Square
    • Rosemont
    • Villanova
  • Montgomery CTY.
    • Bala Cynwyd
    • Blue Bell
    • Conshohocken
    • Fort Washington
    • Gladwyne
    • Lafayette Hill
    • Merion Station
    • Penn Valley
    • Plymouth Meeting
    • Pottstown
    • Trappe