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Choose from several FHA loan programs that are backed by HUD: Adjustable Rate Mortgages, Fixed Rate Loans, Energy Efficient Mortgages, Graduated Payment Loans, Condo Loans, and Growing Equity Mortgages.

FHA Rates Near 50 Year Low!

Now is the time to drop the interest rate on your 30-year mortgage or refinance into a 15-year home loan.

FHA Rates for December 1, 2020
Are You Watching Your Credit Score?

NOTICE: Some FHA mortgage lenders are substantially raising FICO score requirements during the Coronavirus crisis, even though FHA minimums remain unchanged.


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FHA.com is a privately owned website, is not a government agency, and does not make loans.

Choose a Loan Type

FHA.com is a privately owned website, is not a government agency, and does not make loans.

FHA Loan Programs

Choose from Several 2020 FHA Mortgage Options

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FHA Loan Prequalification

Prequalify for an FHA Loan

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.

While prequalifying for a loan doesn't necessarily guarantee that you will be able to purchase the home of your dreams, it does help you and potential lenders know your borrowing power and what you can afford in terms of a monthly mortgage payment.




Fixed Rate FHA Loan

Fixed Rate FHA Mortgage

A mortgage where the interest rate remains the same through the term of the loan and fully amortizes is known as a fixed rate mortgage. Since the interest rate remains constant, monthly payments don’t change. Fixed rate mortgages come with terms of 15 or 30 years.

Even if mortgage rates increase astronomically, your interest rate is locked in and your monthly payments won’t change. But timing can be your worst enemy when it comes to locking in your rate. You may feel you’re getting a low rate at closing time, but a few months down the line the rates may drop further.


Adjustable Rate Mortgage (ARM)

Adjustable Rate Mortgage or ARM

The initial interest rate of the ARM will likely be lower than many fixed rate mortgages, but this only lasts for a certain amount of time. After this introductory fixed-rate period, your monthly payments will increase or decrease according to the interest rate which is tied to an adjustment index.

Adjustable rate mortgages come with “caps” and “ceilings” that put limits on the increase of interest rates over the life of the loan. These help prevent your monthly payments from getting too high, and help look past the uncertainty that comes with ARMs.

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FHA Jumbo Loan

FHA Jumbo Loan

Fannie Mae and Freddie Mac have limits on the size of government-backed mortgages, but when a loan exceeds that limit it is known as a jumbo loan. These mortgages are too expensive to for Fannie and Freddie to buy, which is why the limits are placed.

The downside to jumbo loans is that even though the application process has been simplified, they’re not easy to qualify for. As a borrower, you need to have an almost excellent credit score, make a large down payment, and have a low debt-to-income ratio.


FHA Condominium Loans

FHA Condominium Loans

FHA condominium loans can be more complicated than some other types of new purchase real estate loans due to the FHA has requirements places on condo projects. These factors shouldn't discourage a borrower from exploring their FHA condo loan options, but it's important to be aware of the rules in order to save time and begin the search for a new home in the right place.




Energy Efficient Mortgage

FHA Energy Efficient Mortgage

The Energy Efficient Mortgage Loan program helps current or potential homeowners significantly lower their monthly utility bills by enabling them to incorporate the cost of adding energy efficient improvements into their new home or existing housing.

This FHA program eliminates the need for homeowners who are interested in making their home more energy efficient to take out an additional mortgage loan to cover the cost of the improvements they intend to make to their property. The program is available as part of a FHA insured home purchase or by refinancing your current mortgage loan.


Graduated Payment Mortgage

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Graduated Payment Mortgages are FHA loans for home buyers who currently have low to moderate incomes but expect them to increase substantially over the next 5 to 10 years.


Growing Equity Mortgage

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FHA Section 245(a) allows those who currently have a limited income, but expect that their monthly earnings will increase, to purchase a home with the help of a Growing Equity Mortgage in which payments start small and increase gradually over time.


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FHA Loan Articles and Mortgage News

Refinance Loan Choices You Should Consider

November 25, 2020 - The most important thing to do as you consider how to approach a refi loan is determine what your goals for the new loan might be. Cash out at closing time is a motivator for some, a lower interest rate or mortgage payment is another.

Mortgage Loan Income Guidelines: What You Need To Know

November 22, 2020 - FHA loan rules include instruction to your loan officer about how to process your employment information and also includes guidelines about how much time in the job market is required in order for you to be seriously considered as a home loan applicant.

Which Matters More, FICO Score or Credit Report?

November 20, 2020 - When you apply for an FHA mortgage (or any other type of home loan) you might wonder which factor the lender relies on more to approve or deny your loan--the overall contents of your credit report, or your FICO scores specifically? Which one does the lender rely on more?

Do Bankruptcies, Foreclosures, or Short Sales Affect Home Loan Chances?

November 19, 2020 - In the era of coronavirus, everyone will experience financial hardship at some point. But how you weather these problems can affect your future home loan plans and it’s good to have a contingency plan in case you run into trouble paying your bills.

FHA Home Loan Basics: Why You May Need an Escrow Account

November 17, 2020 - If you need an FHA home loan an escrow account will be an important part of your home loan experience. These accounts are used to store money from your monthly mortgage payments that is set aside for property taxes, insurance, and other expenses.