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FHA HOPE for Homeowners H4H
Term and Interest Rate on the H4H Mortgage
Only 30-year
term, fixed-rate mortgages may be offered under this Program.
While the interest rate on the new mortgage is to be
negotiated between the borrower and the lender, lenders should
offer rates that are commensurate with interest rates on
similar types of loans, if any (not considering the annual
premium in that comparison).
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