Mortgage Rate Quotes

 

Mortgage Quotes for FHA Loans

   
   
 

Compare FHA Rate Quotes

Regardless of the lender, every FHA loan requires an insurance premium of 1.75%, which is usually added to the loan amount. There is also a monthly premium added to the payment.

Comparing FHA mortgage quotes all on the same day can provide more accurate rate comparisons because home mortgage rates can change frequently.

Try to get each lender's FHA mortgage quote based on a similar rate lock. A shorter lock period usually has lower rates, and locking the rate gives you a price guarantee.

FHA mortgage rates can be bought up or down, which allows you to compare mortgage quotes with the same number of points, such as, 1.5 points, or zero point refinance rates.   

Have lenders quote the points separate from any other lender fees. Property taxes, home insurance, and pre-paid interest are not lender fees, and are the same regardless of the lender. 

Credit scores substantially affect mortgage quotes for an FHA loan. Lenders typically use the middle score out of 3 scores from the applicant who is the primary wage earner.