Minimum Down Payment3.5% with a credit score of 580+ and 10% for a credit score of 500 to 5793% to 20% Loan Terms15 to 30 years8 to 30 years Mortgage Insurance RequirementsUpfront MIP + annual MIP for either 11 years or the life of the loan, depending on LTV and length of the ...
needed to reduce our payments and Pivot’s loan had both the lowest interest rate for the 30 year term we needed. Pivot helped make the loan qualification process smoother by explaining documentation requirements and setting up a two-location closing we needed due to my husband’s travel ...
The FHA also offers reverse mortgages for homeowners over 62 who still occupy their homes and have a low loan balance. According to HUD, you can also factor in energy improvement costs into an FHA Energy-Efficient Mortgage for environmentally conscious homeowners and those who wish to tak...