Before shopping for a home,you should have an idea of how much you can afford to spend. With a prequalification, you can get an initial estimate of the mortgage amount a lender will loan you.

FHA Mortgage Loan Rates

December 14, 2018
FHA Rates for December 14, 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.

Prequalification

Related Terms: Mortgage Prequalification, Prequalified Borrower
The prequalification process gives you an amount you are likely to be approved for if you were to apply for a loan. This is an initial step in the mortgage transaction that benefits you as a borrower. 
Prequalification
Getting prequalified is a simple and quick process, and can even be done over the phone. Your loan officer will require information about your basic finances, such as debt, income, and assets. After running these numbers and evaluating them, he/she can tell you an amount you may qualify to borrow.

The prequalification does not include pulling you credit report, and there is a lot of more information needed to actually approve you for a loan. This is where prequalification differs from pre-approval.

When you apply for a pre-approval, the lender will look at your credit scores, and state whether or not you might be approved for a certain type of mortgage, whereas the prequalification only gives you an idea of the loan amount.

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!