March 29, 2013
Good Friday is a common day off for many people. The Friday before the Easter weekend has many vendors, businesses and even the stock market takes a day off on this day. But if you’re looking for an FHA mortgage, you might be surprised to learn that you can talk to a lender, get prequalified and fill out FHA loan paperwork depending on the company–Good Friday is NOT a federal holiday so many financial institutions are open today.
Because the markets which affect FHA loan mortgage rates are closed on Good Friday, the rates published on Thursday are likely the ones you will have access to today unless the lender reprices or issues a revised rate sheet on Friday.
Of course, for those who wish to prequalify online, there’s no need to wonder if the bank is open or not–just fill out the forms and a representative will get with you when they are reviewed and processed.
Good Friday does mean the closure of some local branches of the FHA depending on the location and the tradition in that area. If you need assistance from the FHA directly call 1-800 CALL FHA. If you want to prequalify for an FHA loan, go to FHALoan.com (a private website, not a government agency).
Joe Wallace has been specializing in military and personal finance topics since 1995. His work has appeared on Air Force Television News, The Pentagon Channel, ABC and a variety of print and online publications. He is a 13-year Air Force veteran and a member of the Air Force Public Affairs Alumni Association. He was Managing editor for www.valoans.com for (8) years and is currently the Associate Editor for FHANewsblog.com.
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