Countrywide Credit Industries last week announced a new FHA adjustable- rate mortgage that promises low down payments, low interest rate caps, and the option of financing closing costs.

The borrower also has the option of paying a fee to get a reduction in the initial interest rate.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.