What is a 30-year FHA?
(The Bankrate.com financial term of the day is:) "30-year FHA."
This is a 30-year mortgage that's backed by the good folks at the Federal Housing Administration -- or FHA. FHA loans were designed to help low- to moderate-income borrowers, minority and first-time homebuyers get their piece of the American dream. So these mortgages offer low down payments; you may need to put down as little as 3.5 percent of the home's purchase price. Also, most of the closing costs and fees can be rolled into the loan, and you probably won't need a killer credit score to qualify.
A young couple going from an apartment to that first home could have an easier time getting a mortgage by going for a 30-year FHA.
To find the best rates on FHA loans and other mortgage products, visit the Mortgage tab at Bankrate.com.
How did consumers respond when asked about job security, savings, net worth, and debt?
Comparison shopping will help you know deals from duds at a dollar store.
Looking to save money? Here are eight easy ways to save $5,000 in one year.
Just because you have a coupon doesn't mean you should shop. Know when to buy.
Trim the fat around your grocery budget with these money-saving tips.
Mortgage rates jumped this week.
New car loan rates fell 1 basis point each.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.
While gas prices have dropped dramatically, the sales of diesel cars has continued to grow, rising 13.5 percent in 2014 over 2013, according to the latest data compiled by IHS Automotive for the Diesel Technology Forum.
... Read more