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- – The advertised rates for 30-year fixed FHA products are based on an assumed base loan amount of $289,500.00, $300,000.00 purchase transaction of primary residence, a 780 FICO score with a loan-to-value ratio of 96.5% maximum (3.5% Down-Payment) on a primary single family home.
The fha insures home loans funded by private lenders. if the total monthly payment decreases; or refinance to a fixed-rate mortgage, for more stability of payment. When not refinancing from an ARM.