FHA recently lowered the 15-year mortgage rates for 1st time home buyer and existing homeowners. FHA does not charge a monthly mortgage insurance fee when borrowers are below 90 percent loan to value. FHA is one of the best options to finance a shorter term with.
FHA Home Loan Services provides competitive fifteen year mortgage loans to applicants with all ranges of credit scores.
Homeowners with all ranges of credit may qualify for discounted interest rates if compensating factors can be documented to the underwriter.
