Interested in obtaining home mortgage loan rates on a FMHA loan? There are home mortgage loan rate stipulations to obtaining home mortgage loan rates on these loans. Read on.
This is the Farmers Home Loan. This program this should be only for those who cannot obtain any other type of mortgage loan. For example, if a person cannot make the normal down payment or they are not approved because of credit issues, then they can apply for this type of mortgage loan.
In order to obtain this type of home loan, a person needs to go directly to the Farmers Home Administration office.
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Reference text: Mortgage Loans: What’s Right for You?, by James E. Bridges with Deborah J. Bridges. Copyright 1989, Published by Betterway Publications, Inc., Crozet, VA