The Good Faith Estimate is a document that offers potential homebuyers basic information about their home loan, with an estimate of the costs that go into acquiring one.

FHA Mortgage Loan Rates

September 22, 2018
FHA Rates for September 22, 2018
Offering 30 Year Fixed Mortgages
Offering 15 Year Fixed Mortgages
Use our mortgage calculators
to see what you can afford!
FHA.com is a private company, is not a government agency, and does not make loans.

Prequalify Now!

Compare mortgage rates for your refinance or home purchase loan.

CHOOSE A LOAN TYPE

then
get
your

FREE CREDIT SCORE

Do you know what's on
your credit report?
FHA.com is a private company, is not a government agency, and does not make loans.

Good Faith Estimate

Related Terms: GFE, Closing, Loan Estimate, Closing Disclosure Form
The Good Faith Estimate (also known as a GFE) is a document that offers potential homebuyers basic information about their home loan, with an estimate of the costs that go into acquiring one. This form gives a breakdown of information about the mortgage, such as the interest rate, loan term, and principal balance, which allows borrowers to compare costs and shop for the best option. 
Good Faith Estimate
As of October 3, 2015, people applying for a home loan are given the “Loan Estimate” and “Closing Disclosure Form” in place of the GFE. Those who have applied for a loan before said date, or borrowers with a reverse mortgage, will receive the Good Faith Estimate.

The GFE, which must be given to you within three days of the submission of the loan application, lists estimates of loan fees, escrow paid to third parties, charges for change of title, and taxes. It also discloses whether there is a rate lock, in which case you have a set amount of time to close on the property in order to avail the agreed upon interest rate.

By understanding the costs listed in the Good Faith Estimate, you will be able to make better financial decisions for yourself and hold lenders accountable for the terms they offer.  

FREE CREDIT SCORES   From All 3 Bureaus  

Do you know what's on your credit report?

Learn what your score means.


FHA.com Reviews

FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!