States Code.

Last updated 08-20-2026

FHA Single Family Housing Policy Handbook Glossary November 26 2025

Updated 08-20-2026

States Code.

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.

FHA Single Family Housing Policy Handbook Glossary November 26 2025

p. 17

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