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

February 27, 2015
FHA Rates for February 27, 2015
30 Year Fixed
3.5% Rate
3.74% APR
15 Year Fixed
2.75% Rate
3.0% APR

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 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.

FHA Reduces Annual Mortgage Insurance Premiums

FHA made an announcement about cuts in the annual mortgage insurance premium (MIP) in a preliminary January 2015 announcment. The new FHA policy reduces the rate for most Title II forward mortgages with terms greater than 15 years.

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.

FHA Mortgage Insurance Premiums Requirements

There are many types of questions about FHA mortgage insurance premium requirements, but since the FHA changed its MIP policies to extend MIP for the maximum duration permitted by law, we've seen more questions about those changes.

FHA Extends Refinance Program for Underwater Borrowers

In 2010, the FHA offered a program designed to help those who were underwater on their home loans, owing more on the loan than the property was worth. That program was called FHA Refinance Of Borrowers In Negative Equity Positions.

Private Mortgage Insurance Requirements

One common question we get involves Private Mortgage Insurance and the premiums for that insurance. Borrowers should discuss PMI policy changes with a loan officer.

FHA Condo Loan Myths

FHA condo loans are available for projects on the FHA approved list--if you need to have a condo project added to the FHA approved list should discuss the situation with the lender.

How Many Homes Can I Buy With an FHA Loan?

If a borrower is permitted to purchase one home with an FHA mortgage loan, what's to stop the borrower from purchasing a second property? How many single house can an FHA borrower buy with an FHA loan?

FICO Scores and FHA Lender Requirements

The FHA has a section in its rulebook that lists a minimum FICO score for borrowers. In general, if your FICO score is below 580, you won't qualify for the lowest down payment amount of 3.5%. This minimum may be lower than the standards set by lenders.

Learning the Basics About FHA Loan Limits

You and your lender need the amount of the sale price of a home before a loan amount can be properly calculated. Other factors that affect the loan include the amount of your down payment, and the county loan limits where you are buying the home.