Almost anybody can get an FHA loan. There are no income limits, however, there are limits on how much you can borrow. Also. it's easier to qualify for FHA loans than conventional loans.
This type of loan has 360 monthly payments that remain the same for the entire 30 year period of the loan.
Get the lowest rate available with an adjustable loan, also referred to as an ARM. Pay thousands less over a traditional fixed rate mortgage for the first 5 or 7 years of your loan.
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