So can I just say I’m a Muslim and get an interest-free loan? Or do I have to show them a cut-off head as proof.
good question!
...i don’t know how Fannie Mae handles the sharia compliant loans (or Bank of America, or others, who do sharia financing.)
generally, while interest free, the total cost is higher. (simply interest, in another form. reality trumps Islam.)
but, if it’s a better deal, why not sign up?