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Answers (4)
Best Answer
- James Kennedy, "JKennedyslg"
- Contributions:15
5/1 ARM is the maximum in terms of FHA ARM's as Brian stated, but depending on your situation and reasoning behind asking this question there are other solutions to save monies monthly. There is a "Split-Premium" Mortgage Insurance product for an FHA program which will cut your mortgage insurance monthly payment in half. If your goal is keeping your payment minimum every month, then this may be an option for you. Adjustable Rate Mortgages are always risky depending on the circumstance. I hope this helps...
- Brian Foster, "bfoster"
- Contributions:2
If you are asking if its tyhe longest term arm available then yes it is
FHA offer 30 year fixed 15 year fixed 3 year ARMS and 5 year ARMS
- Clay Branch, "Georgia Loans"
- Contributions:7836
Max what?
IS 5/1 ARM THE MAX ON AN FHA REFI?
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