Starting in 2015, HUD is making home ownership more affordable for millions of Americans with its plan to lower mortgage insurance premiums for new borrowers. The rate drop should create 250,000 new first-time homebuyers.

More about this update:
FHA Mortgage Insurance

FHA Loan Rates

July 29, 2015
FHA Rates for July 29, 2015
Offering 30 Year Fixed Mortgages
Offering 15 Year Fixed Mortgages
Use our mortgage calculators
to see what you can afford!

FHA Reference Guide

Download our "FHA Home Loans 101" guide for home buyers.

It's free!

QUALIFY FOR AN FHA LOAN

Compare FHA
Mortgage Rates

FREE CREDIT SCORE

Free Credit Score

Do you know what's on your credit report?

Learn what your score means.

FHA.com is a private company, is not a government agency, and does not make loans.

FHA Loans for Home Owners

Whether you're a first time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.

FHA Loan Articles

Read About Mortgage News, FHA Updates, and Guidelines
FHA Debt Ratios and FHA Loan Approval

Your debt to income ratio is a very important factor in the FHA loan application process. Do you wonder how existing debts affect your chances? What about debts that are scheduled to be paid off at some point in the near future?

FHA Streamline Refinancing: Appraisal Required?

It can be easy to get confused over the difference between lender requirements and FHA refinance loan standards--did you know that FHA loan rules for Streamline Refinancing permit the lender to require things the FHA rules don’t insist upon?

Steps Toward Your FHA Home Loan

What are the steps toward completing your purchase of a home using an FHA mortgage? It’s a common question and one first-time home buyers might be afraid to ask, not wanting to seem ignorant of the process.

What You Should Remember About FHA Appraisals

When you find a home to buy with your FHA home loan, before that loan can be approved the property must first be appraised--this portion of the FHA home loan process is often misunderstood. Do you know what the FHA appraisal is designed to do?

FHA Loan Rules For Second Home Purchases

FHA loan rules for the single-family loan program are designed for owner-occupiers, but depending on circumstances a borrower may be approved by a participating lender to buy another home--usually in response to a pragmatic need like a larger family or job requirements.

FHA Changes Loss Mitigation Policies

In April 2015, the FHA and HUD changed some of its policies in order to help FHA borrowers avoid foreclosure and keep their homes. No FHA loan applicant goes into the home loan or refinance loan process expecting to default on their mortgage payments sometime in the future.

What if the Buyer or Seller Disagrees on the Appraisal?

Appraisals are used to make sure the home to be purchased with an FHA mortgage loan meets minimum standards and should never be confused with a much more in-depth home inspection. The appraisal also determines the fair market value of the property.

Do FHA Loans Have Income Limits?

There are no minimum or maximum income requirements for FHA home loans Rules do not say that it’s possible to earn too much to qualify for an FHA loan. Regarding minimums, regulations focus more on the borrower’s ability to afford the mortgage loan.

Do Tax Liens Affect FHA Loan Applications?

There’s a question that comes up from time to time from borrowers who may owe federal taxes and want to apply for an FHA loan. Does the simple fact that a borrower has a tax lien exclude them from applying for an FHA home loan?

More Updates to FHA HECM Loan Due and Payable Policies

One very important aspect of the HECM loan, which features no monthly mortgage payment and is instead collected in full when the borrower dies, sells the home, or fails to live up to the terms of the HECM mortgage loan agreement.