Government Loans-FHA 1 Year Treasury ARM
	The Federal Housing Administration (FHA) insures loans so that if buyers default for some reason, the lenders will get their money. This encourages lenders to give mortgages to people who might not otherwise qualify for a loan. You may be able to get a FHA loan with 3% down, or even less! Talk to your MorNext Home Loan Advisor to see if a FHA loan might be right for you.
	FHA Loan Facts* The maximum loan amount for an FHA insured loan is determined by the county where the property is located. You can contact your MorNext Home Loan Advisor or visit the FHA loan limit calculator site at https://entp.hud.gov/cgi-bin/websql/idapp/html/hicostlook.hts The FHA ARM adjusts a maximum 1% annually between months 12 and 18 from the first payment due date and every 12 months thereafter. Contact your MorNext Home Loan Advisor for a complete disclosure.
	FHA 1 Year Treasury ARM
	Loan Purpose	Can This Loan Be Used?	Largest Loan Amount	Minimum Equity  after loan is closed
	Buying a home   Standard Refinance   Refinance cash out	Yes Yes Yes	* * *	3% approx. 3% approx. 15%