fha-interest-rates WHY WE LOVE FHA

    I blog often about why we love FHA financing so much:

    (1) Speed – we can close in 14 days.
    (2) Flexibility – in regard to credit and debt ratios.
    (3) Low down payment – 3.5%.
    (4) Condition – properties can be purchased “as is, and no Section I clearance is necessary.”
    (5) Interest Rates – FHA rates are low.


    But here’s the scary part – many mortgage banks believe FHA buyers are either desperate or not “rate-sensitive.”

    And, as a result, they significantly inflate their FHA rates to generate more yield premiums or commissions for the bank.

    We obviously don’t do this at JVM, or I wouldn’t be blogging about it :).

    But, I am shocked by how often I hear horror stories by acquaintances in the industry whose FHA rates are as much ¾ percent higher than ours.

    When it comes to FHA interest rates, buyer beware (or just come to JVM in the first place).

    Jay Voorhees at (925) 855-4491
    Real Estate Broker, CA Bureau of Real Estate, BRE# 01524255, NMLS# 335646

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