Asked by Michigan, Ferndale, MI • Thu May 7, 2009
I am purchasing a home and I was told there are different types of fha loans that will affect the interest rate. (1) being the amount of loan I am requested, which is not a lot and (2) being the amount I am using for a down payment. Can you let me know what trends your seeing as far as fha interest rates? I realize that some banks use tiers when assigning interest rates, but was wondering if that's across the board?
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