Ginnie Mae – the funding arm behind FHA and VA loans – created a new “pool type” to secure “modified loans with terms up to 40 years.” It’s essentially the funding groundwork to release a new type of 40-year loan that Ginnie Mae expects to start offering in October.
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source https://www.floridarealtors.org/news-media/news-articles/2021/07/40-year-fha-va-home-loans-coming-october
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