FHA loans can make your home buying dream a reality with competitive rates and a low down payment.

FHA Loan Rates

April 18, 2015
FHA Rates for April 18, 2015
30 Year Fixed
3.5% Rate
3.74% APR
15 Year Fixed
2.75% Rate
3.0% APR
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FHA.com is a private company, is not a government agency, and does not make loans.

FHA Loans for Home Buyers

Getting Started on Your Home Loan

When you begin to seriously consider purchasing a new home it is important that you follow some simple steps to make sure that the process runs smoothly.

Analyze Your Debt-to-Income Ratio

This will let you know what type of home you can afford based on your monthly income and expenses. The next important step in purchasing a new home is to get pre-approved for a home loan. The peace of mind that comes with knowing that your mortgage loan and credit report have been approved will allow you to shop for your new home with confidence. And when you find a home and are ready to make an offer the fact that you have already been pre-approved for your loan amount will give the seller confidence in you as a buyer.

FHA Tips for Home Owners and Home Buyers:

Useful information about FHA refinance loans, new FHA loans, and the guidelines that HUD wants you to follow.

Today the mission of the FHA includes helping borrowers get amounts they qualify for, and assisting lenders by reducing their risk in issuing loans.

If you have had credit problems in the past, the FHA recommends a Consumer Credit Counseling program to avoid being denied an FHA loan.

If you submit FHA paperwork electronically, the FHA TOTAL Scorecard is used to measure the credit risk of all FHA loans submitted through the automatic underwriting system.

The FHA asks for a lot of information on your FHA loan application. You will need to provide the FHA with a wide range of details.

The FHA asks that veterans submit the DD Form 214 along with their FHA loan application paperwork. The DD Form 214 is the official record of discharge from the Armed Forces.

If you have an FHA loan or HUD insured mortgage, you may have paid an "up-front" mortgage insurance premium at the closing of your house.

The 203(b) FHA Fixed Rate Mortgage Loan Program is the widely used FHA home loan, especially among first time home buyers.

FHA loans do not come directly from the FHA. The FHA guarantees home loans, reducing the risk to lenders and offering increased borrowing power to qualified applicants.

To pre-qualify for this mortgage, you should be ready to demonstrate employability, job stability and reliability.

In early 2006, a HUD press release announced an increase of nearly thirty thousand dollars in FHA-insured home loan money being made available to borrowers for single-family home mortgages.

FHA Loan Articles

Read About Mortgage News, FHA Updates, and Guidelines
What is an FHA 203(b) Loan?

There are many types of FHA home loans, so it’s easy to get confused in what looks like an alphabet soup of loan options. We get questions about these loan options quite often, but here’s a variation on one we haven’t seen in a while...

FHA Loans, Down Payments, and First Time Home Buyers

Contrary to what some might believe, the FHA home loan program does not favor first-time borrowers, first time home buyers, etc. There is no incentive program offered under the FHA loan program for these purchasers.

FHA Loan Rules for Eligible and Ineligible Condo Projects

There are plenty of FHA loan applicants who are interested in learning what the rules are regarding condo loans. In order to be approved for a home loan to buy a unit in a condo project, that project must meet certain FHA specifications.

What FHA Loans are Eligible for Lower Mortgage Insurance Premiums?

In January 2015, FHA announced that annual FHA mortgage insurance premiums would be reduced, amounting to a savings as much as $900 per year according to a speech by President Barack Obama.

Minimum Property Requirements for Septic Systems

Lenders are responsible for making sure a property lives up to local requirements, community sewage systems are properly licensed, and these systems are adequate enough to service the property.