Compare today’s FHA mortgages rates

Find and compare current FHA mortgage rates from lenders in your area.

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INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

About These Rates: The lenders whose rates appear on this table are NerdWallet’s advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender’s site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner’s assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.

How to find the current FHA mortgage interest rates

NerdWallet’s mortgage rate tool can help you find competitive FHA mortgage rates tailored to meet your needs. In the “Refine results” section, enter a few details about the type of loan you’re looking for and you’ll get a customized interest rate quote in moments, without providing any personal information. From there, you can start the process of getting your FHA loan and be on your way to making offers. It’s that easy.

What is an FHA loan?

An FHA loan is a mortgage the Federal Housing Administration insures. FHA loans have relaxed lending standards to help borrowers who don’t qualify for a conventional mortgage.

Do FHA loans have lower interest rates?

FHA loans do not typically have lower interest rates than conventional loans. Credit score has a bigger impact on mortgage rates than loan type. If you have a high credit score, your FHA loan rate will probably be lower than someone with a low credit score.

FHA Loan Pros and Cons

Pros

  1. An FHA loan is a good option for first-time homebuyers who need a low down-payment requirement. If you qualify, you can get a mortgage with as little as 3.5% down.
  2. FHA loans are also beneficial for those who have weak or damaged credit. Some FHA mortgage lenders allow credit scores as low as 500, though a higher score will decrease your down payment requirement. If your credit score is ‘good’ (690-719), ‘fair’ (630-689) or even ‘bad’ (lower than 630), rather than ‘excellent’ (720-850), or if you’ve had financial difficulties in the past or you just haven’t had time to build a strong history of on-time payments, an FHA loan could be the answer to your mortgage needs.
  3. Not only can FHA loans be used to buy detached single-family homes, townhomes and condominiums, but they can also be used to buy manufactured and mobile homes. And a variation of the FHA loan, called the 203(k), allows you to finance both a home purchase and necessary renovations with the same mortgage.

Cons

  1. The biggest drawback of FHA loans is that you’ll have to pay FHA mortgage insurance. This protects the lender’s stake in the loan if you default, and the premiums increase your monthly payments.
  2. Homes and condos purchased with FHA loans must meet HUD’s minimum property requirements. This means you’ll be required to pay for an FHA appraisal, which is more rigorous than conventional appraisals.

Learn more about FHA loans:

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