Rate Update

FHA Rates where steady for 232f, 222f and other permanent loans at 6.15% for 35 year GNMA securities. The new construction rates came down with treasury rates and are now 6.90% on the 40 years plus construction loans 232, 242 and 221 D4.

FHA LENDING PROGRAMS

We offer the following lending programs using FHA:

242 Hospital Loans
221(d)4 Apartment Construction
232 LEAN Healthcare refinance or Purchase
232 LEAN New Construction Starting In Jan. 2009
223(f) Apartment Refinance
202 Apartment Refinance for existing loans