How Does an FHA ARM Loan Work?

Reader question: “We are thinking about using an FHA loan due to the 3.5% down payment option. We also want to use a 5/1 adjustable-rate mortgage because we will only live in the home for about three years, or four at the most. So I have two questions. Does the FHA offer adjustable mortgage products? […]

How do FHA loans work, in a nutshell?

Reader question: “Can somebody please explain to me how FHA loans work in 2014, and particularly the part where I have to deal with the lender? I’m confused about where the money comes from and how the loan actually gets funded on closing day. How do FHA mortgage loans work, in general? I know this […]