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- Jul 25, 2003
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The best home mortgage deal I have found for entering professional students is the FHA 1-year ARM. No documentation is needed as long as you have a cosigner that can provide docs. No job needed. The rate is 3.75% with a 2.5 margin, 5%cap. Down payment is like 3%. Low closing costs. I have not found anything better and will be doing this loan myself (in the process now)...PM me if you want any more info