30 Year Fixed FHA Loan

30 Year Fixed FHA Loan

About FHA Loans

GTE Financial offers loans insured by the Federal Housing Administration.

When you are deciding which loan is best for you, there is a lot to consider. If you are looking to finance a primary residence, FHA is a great option to look into as these loans are designed to make homeownership more attainable and are often great products for first time home buyers or buyers that do not have a large sum saved for a down payment.

When considering all costs, buyers that finance with an FHA Loan will need to pay what’s termed an Upfront Mortgage Insurance Premium (UFMIP) as well as a monthly Mortgage Insurance Premium (MIP) which is wrapped into the monthly loan payment.

APPLY ONLINE
VIEW RATES

Features & Benefits

Best Choice If:

  • You’re a first time home buyer and you don’t have a lot of money to put down on a house.
  • You want to keep your monthly payments as low as possible.
  • You’re worried about qualifying for a loan and you don’t have perfect credit.
  • You value a stable, consistent monthly payment over the additional buying power and initial, lower Annual Percentage Rate typical of an Adjustable Rate Mortgage.
  • You think rates will increase.
  • You plan on staying in the home long-term.
  • This is a great product for first-time home buyers.

An example APR for a 30 Year Fixed FHA Loan is 4.974% An example monthly mortgage payment of principal and interest is $755. The example quotes are based on a property value of $150,000 and a loan amount of $144,700 for 1st mortgage. The Annual Percentage Rates (APR) stated is an estimate and is intended for informational use only. Your actual APR may vary based on your actual loan amount. Sample payment reflected does not include property taxes or property insurance. Please speak with a Loan Executive for additional information about our rates and fees. Rates are subject to change without notice. Your actual rate and/or points may be different, as many factors are evaluated for a loan approval. This product is subject to change or cancellation at any time without prior notice. All loans are subject to approval.