Last reviewed 08-20-2026Short-Sale.com Editorialglossary
Expected Average Mortgage Interest Rate (Expected Rate) (applicable to HECMs only)
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 08-20-2026
Expected Average Mortgage Interest Rate (Expected Rate) (applicable to HECMs only)
The Expected Average Mortgage Interest Rate (Expected Rate) refers to the interest rate used to calculate the Principal Limit at closing.
Need help?
Ask more questions about Expected Average Mortgage Interest Rate (Expected Rate) (applicable to HECMs only) in Help. You'll get answers for your situation.
People also ask