Adjustable Rate Mortgage Insurance
Federal Housing Administration (FHA)
What is Adjustable Rate Mortgage Insurance?
This program can help individuals buy a single family home in which they intend to live. While U.S. Housing and Urban Development (HUD) does not lend money directly to buyers to purchase a home, Federal Housing Administration (FHA) approved lenders make loans through a number of FHA-insurance programs. The mortgage loan will have an annually adjustable interest rate and must satisfy FHA’s adjustable interest rate mortgage requirements.
Administration
Adjustable Rate Mortgage Insurance is administered by Federal Housing Administration (FHA).
Program Requirements
Home buyers or current homeowners who intend to live in the home and are able to meet the cash investment, the mortgage payments, and credit requirements, can apply for a home mortgage loan through an FHA-approved lender.
Application Details
What is the application process for Adjustable Rate Mortgage Insurance?
To obtain an FHA insured mortgage, contact an FHA-approved lender.