Low down payment
Qualified FHA borrowers may be able to purchase with a down payment as low as 3.5% of the purchase price.
FHA mortgage rate shopping and competitive pricing
The FHA loan may be the same.
The rate may not be.
FHA financing can offer a low down payment and more flexible qualification. But there is no single rate every FHA lender has to charge. FHA mortgage rates and the costs attached to them can vary greatly from lender to lender. On the right loan amount, a meaningful rate difference can change the monthly principal-and-interest payment by hundreds of dollars. LowRateFHA.com helps you shop the pricing behind the program in your quest for a lower-rate FHA loan.
Why an FHA loan can be a smart choice.
FHA loans were designed to expand access to homeownership. For qualified borrowers, they can combine a low minimum down payment with more flexible credit qualification than many conventional mortgage options.
Flexible qualification
FHA underwriting can accommodate borrowers with less-than-perfect credit or circumstances that may be harder to fit into some conventional programs.
Not just for first-time buyers
FHA financing can be available to eligible repeat buyers too. The home generally must be used as the borrower’s principal residence.
There is no single “FHA rate.” Lender pricing can vary greatly.
FHA establishes the loan-program rules and insurance framework, but individual lenders price FHA loans. Choosing FHA does not mean every lender will offer you the same rate or the same cost for that rate. Differences in lender pricing, compensation, overhead, margins and market execution can show up as a higher rate, more points, a smaller lender credit, higher cash to close—or some combination of them.
Your interest rate
A lower FHA rate reduces the principal-and-interest portion of the monthly payment. Depending on the loan amount and the gap between offers, the payment difference can be substantial—and on larger balances it can reach hundreds of dollars per month.
Your upfront costs
Points, origination charges and other lender-related pricing can vary. Looking only at the advertised rate can hide what you are paying to get it.
Your lender credit
A lender credit can offset eligible closing costs. Stronger pricing can sometimes produce a meaningful credit without pushing the rate unnecessarily high.
Your search for a low FHA rate should include more than one price.
LowRateFHA.com is built around a simple idea: FHA borrowers should compare the actual rate-and-cost combinations available for their scenario instead of assuming one FHA quote will look like another. Depending on your loan amount and available lender pricing, a stronger offer may mean a lower monthly payment, less money paid in points and lender-related costs, or a larger lender credit toward eligible closing costs. The goal is not simply to find an FHA loan—it is to help you search intelligently for a lower-priced FHA loan.
FHA financing for purchases and refinances.
The right FHA structure depends on your current loan, property, goals and eligibility. We can help you evaluate the available options and the pricing attached to them.
Low-down-payment financing for eligible borrowers purchasing a qualifying primary residence.
Refinance options may be available for homeowners who want to replace an existing mortgage with FHA financing.
Eligible borrowers with an existing FHA-insured mortgage may qualify for a streamlined refinance process, subject to FHA requirements.
Your quest for a low-rate FHA loan starts with comparison.
Start securely, tell us what you are trying to accomplish, and we will evaluate the FHA pricing available for your scenario—with special attention to rate, points, lender credits and monthly payment.
1
Tell us about your loan
Give us the information needed to understand your purchase or refinance, property and financing goals.
2
We compare the pricing
We review the available FHA rate, points, lender-credit, payment and cash-to-close combinations for your scenario.
3
You choose the structure
We explain the tradeoffs so you can choose the FHA offer that best fits your priorities.
Before you accept an FHA rate, see what else may be available.
Start securely or call us and put LowRateFHA.com to work in your search for a competitive FHA rate and payment.