Today's FHA Mortgage Rates | FHA Streamline Rates                Talk to a FHA Expert: 1(888) 738 5011

Loan Type 

Credit Rating 

Desired Loan 

Home Type 

Home Use 

Points   

Show   


FHA 30 Year Fixed

 

 

 

 

 

3.75%

Interest Rate

 

 

 

 

3.99%

APR

 

 

 

 

Lowest Payment - Peace

of mind - Increased Cash

Flow- Financial Flexibility

 

 

 

FHA endorsed Bank

Specialize in FHA

Streamline Refinance

 

 

 

888-738-5011

Phone Number

 

 

 

 

Apply Now!

Payment Calculator

 

 

 

 

FHA 15 Year Fixed

 

 

 

 

 

3.25%

Interest Rate

 

 

 

 

3.61%

APR

 

 

 

 

Low Interest - Fast Equity

Build up -Best Investment

possible - Shorter Term

 

 

 

FHA endorsed Bank

Specialize in FHA

Streamline Refinance

 

 

 

888-738-5011

Phone Number

 

 

 

 

Apply Now!

Payment Calculator

 

 

 

 

 

FHA 5/1 ARM

 

 

 

 

 

3.00%

Interest Rate

 

 

 

 

3.58%

APR

 

 

 

 

Super Low Interest- Best

Short term loan - Advised

if planning to move in 5yrs

 

 

 

FHA endorsed Bank

Specialize in FHA

Streamline Refinance

 

 

 

888-738-5011

Phone Number

 

 

 

 

Apply Now!

Payment Calculator

 

 

 

 

 

FHA 3/1 ARM

 

 

 

 

 

3.25%

Interest Rate

 

 

 

 

3.47%

APR

 

 

 

 

Super Low Interest- Best

Short term loan - Advised

if planning to move in 3yrs

 

 

 

FHA endorsed Bank

Specialize in FHA

Streamline Refinance

 

 

 

888-738-5011

Phone Number

 

 

 

 

Apply Now!

Payment Calculator

 

 

 

 

 

FHA 7/1 ARM

 

 

 

 

 

3.50%

Interest Rate

 

 

 

 

3.72%

APR

 

 

 

 

Super Low Interest- Best

Short term loan - Advised

if planning to move in 7yrs

 

 

 

FHA endorsed Bank

Specialize in FHA

Streamline Refinance

 

 

 

888-738-5011

Phone Number

 

 

 

 

Apply Now!

Payment Calculator

 

 

 

 

 

FHA 25 Year Fixed

 

 

 

 

 

3.75%

Interest Rate

 

 

 

 

3.99%

APR

 

 

 

 

Low Payment - Peace

of mind - Increased Cash

Flow- Shorter loan term

 

 

 

FHA endorsed Bank

Specialize in FHA

Streamline Refinance

 

 

 

888-738-5011

Phone Number

 

 

 

 

Apply Now!

Payment Calculator

 

 

 

 

 

FHA 20 Year Fixed

 

 

 

 

 

3.75%

Interest Rate

 

 

 

 

3.95%

APR

 

 

 

 

Low Payment - Peace

of mind - Increased Cash

Flow- Shorter loan term

 

 

 

FHA endorsed Bank

Specialize in FHA

Streamline Refinance

 

 

 

888-738-5011

Phone Number

 

 

 

 

Apply Now!

Payment Calculator

 

 

 

 

 

FHA 10 Year Fixed

 

 

 

 

 

3.50%

Interest Rate

 

 

 

 

3.89%

APR

 

 

 

 

Low Interest - Fast Equity

Build up -Best Investment

possible - Shorter Term

 

 

 

FHA endorsed Bank

Specialize in FHA

Streamline Refinance

 

 

 

888-738-5011

Phone Number

 

 

 

 

Apply Now!

Payment Calculator

 

 

 

 

 

 

Articles


FHA Lender Credit Guidelines

FHA lenders are usually more flexible when qualifying you for an FHA loan based on your credit report. What an FHA lender considers "bad credit" is not the same as what a conventional lender considers bad credit, as FHA and Conventional lenders take a very different approach in qualifying you for a mortgage. An FHA loan offers a very low fixed interest rate to home owners with good credit AND to those who may have experienced credit problems in the past.

General FHA Loan Credit Score requirements

1.The lowest score an FHA lender will entertain when qualifying a borrower for an FHA loan is a 600 middle score. 3 credit bureaus, Transunion, Equifax and Experian will report your credit score to your FHA lender when a credit check is preformed. Of these 3 scores, your FHA lender will use middle of the 3. So if you received a Transunion 610, Equifax 600 and Experian 654, your FHA lender will use the 610 score as your qualifying credit score.

2. If your credit score is above a 600 but lower than a 620, you may incur an adjustment to your qualifying interest rate.

3.   You can take cash out of your home up to 85% with a score as low as 640!

4.If you have missed mortgage payments in the last 12 months you can still refinance your home but may not qualify to take cash out of your equity and must explain why the mortgage was late in a written letter to the FHA mortgage Lender.

5. To qualify for an FHA loan you must have 3 open and active (for 12 months) trade lines showing on your credit report.

6. If you do not meet FHA's "3 open trade line" requirement you may be able to get approved for your FHA mortgage by using alternative credit such as a cell phone or electric bill to prove your likelihood of loan repayment.

7. If you have collection accounts reporting to credit you can still get approved for an FHA loan, although some lenders encourage you to pay them off prior to closing on your FHA mortgage if you have the available means to do so.

FHA loans are generally easier to qualify for than conventional mortgage loans and the above information is intended to give you an idea of how your FHA lender may analyze your credit when approving you for your FHA mortgage.


FHA Loan Documents Checklist

If you are applying or considering qualifying for an FHA loan, you will need to begin skimming through that file folder of yours to gather the documents required by your FHA lender. Having these documents on hand can speed up the FHA loan process and make your life a whole lot easier along the way.

Documentation you may need when applying for an FHA loan

  • Income documentation: FHA does not offer a stated loan so your FHA lender will most certainly need any recent documentation supporting your income. You FHA lender may require 2 years of tax returns (W2's for the last 2 year if you are a wage earner or 1099's [all pages] if you are self employed) along with 1 month of consecutive, most recent pay stubs
  • Assets:2 months of bank statements from your checking and savings account (all pages - even the blank ones!) - not always required but good to have on hand because your lender or broker may ask for this.
  • Social security cards for all borrowers
  • Valid photo identification for all borrowers (drivers license)
  • The most recent mortgage statements for the current mortgage(s) on the home (if any)
  • Your home owners insurance policy number and agents contact information
  • A fully executed contact of sale (if you are buying a home)

·         The documents listed above are just some preliminary documentation you may need during the pre-approval process for an FHA mortgage. The actual loan documents you will need to provide your FHA mortgage company will vary depending on your current situation.


FHA Home Loan Down Payment Information

 

FHA home loans are often known as "affordable" primarily because FHA lenders only require that you put down 3.5% of the purchase price as your down payment. That alone has helped millions of American's buy a home with out having to empty their pockets!

When a consumer looks to purchase a home and is interested in FHA financing - the most attractive feature may be the low down payment option. FHA currently requires a minimum of 3.5% however may be increasing the down payment to a minimum of 5% in the near future. The borrower(s) must have at least $500 of their own money and the rest of the down payment can be a "gift" from a direct family member. Naturally, just like any other "Gift" used for Real Estate - the funds must be sourced (shown where they came from) and seasoned (length of time to which the gift as been in the possession of he buyers) for at least 60 days and a "Gift Letter" is to be included stating that the money is considered a gift and not to be repaid back at any time. If the money used for down payment is not a "gift" then they must obviously be able to source and season the down payment money being used for at least 60 days as well.

Typically, when you enter into a legal contract to purchase a home, the seller's attorney usually holds some portion of the down payment as a "deposit" in an escrow account and the remaining portion of the down payment will be paid at closing using certified funds. This is to show "Good Faith" and intent on actually purchasing the property. Although it is not required, the Seller has the option to not accept your offer and additionally may not sign the contract to sell you the property.

So, if you are looking to obtain an FHA loan to purchase a property, you must be able and willing to put something down on the contract in good faith as well as be able to come up with 3.5% total funds as a minimum down payment in order to accomplish this transaction. Of course you can put more then 3.5% down - that just reduces your overall loan amount and the amount of UFMIP (Up Front Mortgage Insurance Premium) that is applicable since that figure is based on your total borrowed money.


FHA Increases Monthly Mortgage Insurance

On February 14, the FHA announced a new premium for FHA single-family mortgages, increasing the annual mortgage insurance premium (MIP) by a quarter of a percentage point (.25) on all 30-year and 15-year loans.

Like most investors in the Real Estate and loans market, the FHA was adversely impacted by poorly performing loans originated around 2006 - 2008. In order to increase working capital and revenue, the FHA must increase the mortgage insurance premium they require borrowers to pay every month by .25% - This minimal increase will insure the ongoing stability of the Nations largest insurer, generating a projected an additional $2.5 - $3 billion annual for the FHA.

FHA loans still remain the most cost effective borrowing options for millions of American's and this is a "responsible step" towards insuring this remains to be.


FHA 203K Funds for Handyman-Specials and Fixer-Uppers

The purchase of a house that needs repair is often a catch-22 situation, because the bank won't lend the money to buy the house until the repairs are complete, and the repairs can't be done until the house has been purchased.

HUD's 203(k) program can help you with this quagmire and allow you to purchase or refinance a property plus include in the loan the cost of making the repairs and improvements. The FHA insured 203(k) loan is provided through approved mortgage lenders nationwide. It is available to persons wanting to occupy the home.

The downpayment requirement for an owner-occupant (or a nonprofit organization or government agency) is approximately 3.5% of the acquisition and repair costs of the property.

The 203(k) loan includes the following steps:

 

A potential homebuyer locates a fixer-upper
and executes a sales contract after doing
a feasibility analysis of the property with their
real estate professional. The contract should
state that the buyer is seeking a 203(k) loan
and that the contract is contingent on loan
approval based on additional required repairs by the FHA or the lender.

 

The homebuyer then selects an FHA-approved 203(k) lender and arranges for a detailed proposal showing the scope of work to be done, including a detailed cost estimate on each repair or improvement of the project.

 

The appraisal is performed to determine the value of the property after renovation.

 

If the borrower passes the lender's credit-worthiness test, the loan closes for an amount that will cover the purchase or refinance cost of the property, the remodeling costs and the allowable closing costs. The amount of the loan will also include a contingency reserve of 10% to 20% of the total remodeling costs and is used to cover any extra work not included in the original proposal.

 

At closing, the seller of the property is paid off and the remaining funds are put in an escrow account to pay for the repairs and improvements during the rehabilitation period. 

 

The mortgage payments and remodeling begin after the loan closes. The borrower can decide to have up to six mortgage payments (PITI) put into the cost of rehabilitation if the property is not going to be occupied during construction, but it cannot exceed the length of time it is estimated to complete the rehab.

 

Escrowed funds are released to the homeowner during construction through a series of draw requests for work that is completed. To ensure completion of the job, 10% of each draw is held back; this money is paid after the homeowner informs the lender that the work has been completed and after the lender determines there are no additional liens on the property.


FHA Streamline Refinance Mortgage Loan

FHA Streamline refinancing helps lower your mortgage payments on your existing FHA loan. Streamline refinancing is one of the simplest loan applications you’ll ever fill out once you understand the requirements of the FHA Streamline application process. 

  • You must have a current FHA loan with no late payments or delinquency notices for at least 12 months.
  • Your refinancing should be accomplished to get lower mortgage and interest payments.
  • The refinancing process requires verification of employment, but proof of income is not required.
  • To be approved for an FHA Streamline loan, your original mortgage must be at least six months old.
FHA Streamline Refinance Loan - Cash out

There is no cash-out option with FHA Streamline loans. Some banks may advertise these loans as a way to get money to do home improvements, save for college funds or other personal projects; when you read more closely you will learn these references are about the extra money you have left over because the Streamline loan lowered your monthly bills. There’s no lump sum available with a Streamline loan--the FHA’s stated purpose for this program is to help homeowners with existing FHA loans lower their monthly payments.

 FHA Loan - Closing Costs

Before you can get lower payments, you need to apply for the FHA-insured Streamline loan, get approved for the loan (with a no-credit check process), then close the deal.

As with your original FHA loan, you are required to pay closing costs. These costs will be explained by your loan officer and included in the terms of your loan. Your closing costs and how they are paid may be affected depending on whether you choose a “no appraisal” streamline loan or opt to have your home re-appraised. No appraisal loans are good for those willing to pay the closing costs up front and out-of-pocket.

You may also choose a “no cost” refinancing loan. What does “no cost” mean? The borrower is charged a higher interest rate to have closing costs included into the mortgage loan.

You can choose to have the closing costs built into your loan, but you must have the property reappraised. You can only roll the closing costs into your new FHA Streamline loan if there’s enough equity in the property to cover the additional amount.

FHA Streamline loans can get into lower mortgage payment and better interest rates; your payments will drop and you’ll have more money left over to save, pay off bills or invest. If you’ve been paying on your current FHA mortgage for at least six months, ask your loan officer how an FHA Streamline refinance loan can lower your bills.

FHA Home Loan Requirements and Underwriting Standard Information

The FHA does not do loans. The FHA is part of the U.S. Dept of Housing and Urban Development (HUD) that insures residential mortgages, but the FHA does not fund the loan for a refinance or purchase mortgage. By guaranteeing the loan, the FHA gives lenders the confidence that the loan will be paid, even if the borrower defaults on the loan. This allows more Americans to qualify to purchase a home and allows mortgage loans backed by the FHA to have lower interest rates.

With an FHA mortgage or mortgage refinance, underwriting guidelines are less strict than conventional mortgage loans. When a lender reviews an application for an FHA insured loan they will be more flexible when considering household income and debt-to-income ratios. However, an applicant must meet certain requirements that FHA has established in order to qualify. The following are general qualification guidelines, according to HUD:

  • The borrower must meet standard FHA credit qualifications.
  • The borrower must have a valid social security number, lawful residency in the United States, and be of legal age to sign on a mortgage.
  • The borrower is eligible for approximately 96.5% financing. The borrower is able to finance the upfront mortgage insurance premium into the mortgage. The borrower will also be responsible for paying an annual premium.
  • Eligible properties are one-to-four unit structures.
  • FHA mortgage programs do not typically have maximum income limits, however you must have sufficient income to qualify for mortgage payments and other debts.
  • Verification of income, assets, liabilities, and credit history for all borrowers is required.

FHA Loans - Down Payment, Credit and Income Guides

 

FHA Loans Require only 3.5% Down Payment

The FHA's guarantee gives borrowers who have less than perfect credit a chance to obtain low interest rate loans. FHA loans also have minimal down payment

 requirements. A qualifying borrower can finance 96.5% of the cost of the home, even including the closing costs in the mortgage.

 

FHA Home Loan Income Requirements Guides

FHA borrowers must demonstrate an ability to pay the mortgage that they apply for. The FHA requirements protect the borrower from getting a loan that is beyond the borrower's means. The income requirements are looked at in two ways. The first is to compare the borrower's gross qualifying income to the new principal and interest mortgage payment, an escrowed portion to cover the property taxes, homeowner's insurance, the mortgage insurance premium, etc. To qualify for the loan, the percentage of these costs cannot exceed 29% of the gross income.

The second ratio compares the borrower's gross income to not only the costs listed above, but also looks at other monthly payments the borrower has, such as a car payment, a student loan payment, and the monthly minimum payments required by credit card accounts. In order to qualify for the FHA program, these costs cannot exceed 41% of the gross income.

FHA Home Loans and Credit Requirement

Having a qualifying income does not mean that a borrower will qualify for the FHA program. Credit history is also a determining factor. Regarding a borrower's credit, FHA loans have looser standards than conventional loans. One great feature of FHA loans is that they do not require a high credit score. Normally, a FICO credit score of 600 is the minimum acceptable score. An extensive credit history is also not required. FHA loans generally do require a borrower to have two active lines of credit. The FHA even makes exceptions to that rule, if the borrower can demonstrate a solid payment history on payments for housing rental, auto insurance, and utilities.

FHA Home Loans and Delinquencies

A borrower can be disqualified from an FHA loan due to late payments on a previous mortgage within the last 12 months. If there is only one late mortgage payment in the past year and the borrower can provide a satisfactory explanation, the loan may be approved.

The presence of 30-day late payments to other creditors does not disqualify a borrower. The risk of not qualifying increases when a 60-day late payment appears. The FHA is looking for a pattern of responsible bill paying. If a responsible pattern has been established, an earlier period of serious delinquency could be ignored.

NSF checks are not likely to affect qualification. They rarely appear on a credit report and are not likely to be a topic of conversation in the FHA application process.

FHA Home Loans and Bankruptcy Requirements

Regarding a Chapter 7 bankruptcy, the bankruptcy must have been discharged for 24 months, before an FHA loan will be approved. Please be aware that the discharge date is not the filing date. The discharge takes place after the bankruptcy court ordered all debts included in the Chapter 7 bankruptcy to be liquidated and then issued a notice of discharge.

A borrower can qualify for an FHA loan, even in the middle of a Chapter 13 bankruptcy! The payments to the bankruptcy trustee must be made as agreed for a one year period, the bankruptcy trustee must approve the loan payment, and the borrower must demonstrate job stability.

FHA Home Loans and Foreclosure Requirement

FHA loans generally require that the borrower not have a foreclosure or been issued a deed-in-lieu of foreclosure for the past 36 months. This is not a hard and fast rule. If a borrower can demonstrate a good payment history after the foreclosure and a reasonable explanation of why the foreclosure took place, the loan could be approved.

FHA Home Loans and Collection Accounts or Judgments Rewuirement

Minor collection accounts do not need to be paid in full in order to qualify for the loan. Judgments, on the other hand, must be paid in full.

FHA Home Loans and Federal Tax Lien

Any borrower with a federal tax lien for delinquent federal tax debt or who has delinquent federal student loans will not qualify for an FHA loan.

FHA Home Loans - Non-Purchasing Spouse

A married borrower who wishes to purchase a home without his/her spouse, still must include the income and debts of the spouse on the application if the borrower resides in a community property state. A non-purchasing spouse may be required to sign a document acknowledging the transaction and relinquishing his/her rights to the property.

FHA Home Loan Appraisal Guides

FHA loans require an appraisal of the property's value to be made by an FHA approved licensed appraiser. An FHA appraisal is very thorough. It checks for the soundness of the structure as well as for health and safety issues. It is important for a borrower to keep in mind, however, that the FHA's acceptance of the appraisal does not protect the borrower; the FHA is not guaranteeing the condition of the property. If the home has a problem after the purchase, the borrower is solely responsible. This means that the borrower is well advised to pay for a separate home inspection, which is not the same as an appraisal.

 


FHA Mortgage Loan Rates


FHA Mortgage Loan Rates have been increasing for quite some time now. In the last quarter of year 2010, FHA Mortgage rates reached an all time low of 4.375% on a 30 year fixed loan and 3.5% on 15 year fixed loan. Due to the Recent concern over Recovering Housing Industry, Federal Reserve has been trying to keep the interest rates low to attract first time home-buyers to the market. But the Recent Dodd- Frank bill is costing banks billions of dollars in additional compliance and regulations, which in turn is going to raise the cost of  borrowing from the big banks. Also due to concerns of American Economy , food prices and gas prices have already soared to an all time high and home loan interest rates are also expected to inflate in the year 2011.

Need a FHA Home Loan ?

If you are going to take a FHA loan, you do have to have some of the needed money by yourself. If you don’t have up to 20 or 30 percent of the worth of the property you want to purchase, you could choose to go for an FHA loan, it only requires 3.5% down payment. FHA Loan have much relaxed guidelines than competitor conventional loans.

There are a lot of people who don’t even own the homes they live in. With what it costs to build or buy a home these days, that’s perfectly understandable. They got them through mortgage loans. And it’s not a bad thing at all – in fact that’s just the only way it’s done these days. If you take your time to do things right you won’t have any problems at all with the process.You don’t have to take a conventional loan when you have the luxury of getting an FHA loan. The FHA loan is better packaged just the way you need it, and the FHA interest rates are actually friendlier.

 

FHA home refinance has many good advantages

FHA Home refinance still a viable option for those who have not taken advantage of the all time low FHA loan rates. FHA loan rates for 30 year fixed loan were par today at 4.5% and 15 year fixed loan was par at 4.375%.  With an FHA 30 year loan with 90% or greater loan to value , borrowers are going to have to pay a higher monthly mortgage insurance while the borrowers getting an FHA 15 year loan will have to pay only 0.50% monthly mortgage insurance over 90% loan to value.

FHA Loan Rates Back in 2009, Things you need to know

 It wasn't too long ago that mortgage rates were expected to move sharply higher in the coming months thanks to shaky investors and mounting inflation. Rates have already become increasingly attractive. The average national rate for FHA 30 year fixed mortgage loan rates fell to 5.57% in the week of December 5, from 6.61% just seven weeks earlier. FHA 30 year mortgage loan rates should begin 2009 with around 5.125%, from there they will rise and inflate up in 5.125- 6.00%. They are still very attractive FHA loan rates!  If the economy improves more quickly than expected FHA Loan rates will trend even higher.

 

FHA Loan Rates Predictions for 2009

I personally think that, based on what I've seen the federal government do over the last few weeks. I would predict that the rates for FHA loan will hover in the 5.25% - 5.75% range for most of 2009. Although FHA loan rates for the adjustable mortgage or arm mortgage will be a slightly lower the the FHA fixed loan.

FHA Loan Rates today, May 3 2011

FHA loan rates today are getting better, yep that’s right getting better! Today FHA loan 30 year rates are at 4.625% and FHA loan 15 year rates are 4.5%. Bond yields are falling again this morning as the U.S. dollar finds support and is moving higher against other major fiat currencies. Commodity prices are falling on the dollar gains, including gold, silver and oil, although all remain at elevated levels.

After Monday's initial euphoria in the U.S stock markets regarding the killing of Bin Laden, equities took a breather and ended lower on the day. Pre-market, U.S. stock futures are pointing to lower opening, which is pushing investors to less risk, aka, the U.S. Treasury market.

This will be another good day to take advantage of low FHA loan rates.

FHA Loan rates today, may 2, 2011

FHA loan rates today are steady , no change in loan rates. Today FHA loan 30 year rates are at 4.625% and FHA loan 15 year rates are 4.5%. The news this morning that U.S. forces killed Osama Bin Laden is the overriding factor affecting markets today. Stocks are much higher, bonds are flat, and interestingly, silver seems to be the only commodity taking it on the chin. Oil prices remain elevated at over $112/bbl and gasoline prices seem entrenched north of $4.00/gal.

This morning's ISM report reflected a slowing in the U.S. manufacturing sector and don't forget, the first Friday of every month is the all important jobs report.

With the overwhelming focus this morning being the news of Bin Laden's death, we will have to wait until later in the week to see the effects of economic data.

FHA Loan rates are steady today…

FHA Loan rates today, April 29, 2011

FHA loan rates today are better today , just in time for spring home buying season. Today FHA loan 30 year rates are at 4.625% and FHA loan 15 year rates are 4.375%.Prince William and Kate Middleton are now married. Surprisingly, the markets appear to be unaffected as a result.

News that did hit the markets is best described by this headline: "Oil Prices Hitting Consumers." This was particularly transparent in the report that personal income rose 0.5% in March, however, the moderate rise in incomes is barely enough to offset higher energy prices. Personal consumption rose 0.6% in the month and after subtracting out food and energy, spending only rose 0.1% in March. This tells us the higher oil prices are taking a big enough bite out of consumer expenditures to make real economic growth minimal.

The Chicago Purchasing Managers reported their business barometer dipped, but still reflects expanding economic activity.

Bond prices held firm Thursday in spite of a weak 7 year note auction, and commodity prices continue their trek higher following the Fed news release from this week's FOMC meeting. Gold is up to $1,539/oz., silver is nearing $50/oz., and oil is trading north of $113/bbl. The U.S. dollar is trading at an 18 year low against the Chinese yaun.

The good news for us is FHA loan rates are slightly better again today, just in time for the spring buying season.

FHA Loan rates today, April 28, 2011

FHA loan rates today are better today due to bad employement data and more unemployement claims.. Today FHA loan 30 year rates are at 4.625% and FHA loan 15 year rates are 4.375%. Disappointing employment data this morning as Initial Jobless Claims surged 25,000 to 429,000, completely unexpected. It was disappointing to see the recent pop to 404,000, and expectations were for a small dip to 395,000.

In addition to the jobless claims, 1st Quarter GDP rose 1.8%, slightly lower than the 2.0% consensus and down from 4th quarter GDP of 3.1%. Higher energy prices, higher food prices, and the harsh winter weather were the main culprits for the decline in output.

Bond prices jumped on the news pushing FHA Loan rates lower. As the day wears on, however, the bond market is slipping causing FHA  mortgages to give back half of the days gains.

FHA Loan rates today, April 27, 2011

FHA loan rates today are bullish due to a positive report shoeing continued business investment. Today FHA loan 30 year rates are at 4.625% and FHA loan 15 year rates are 4.375%. In this morning's economic news, durable goods orders rose from 0.7% in February, a positive report that reflects continued business investment to which regional Fed surveys have been pointing. FHA loan Mortgage applications fell 5.6% as purchase applications fell 13.6%. Applications for mortgages continue to be space with FHA refinance applications remaining well below their 10 year average despite FHA Loan rates remaining near four decade lows. As usual on a Fed meeting day, the markets are eagerly awaiting the conclusion of the meeting when their official statement is released. Today it will be earlier than normal, 10:30 ET, giving the markets one hour and forty-five minutes to digest the statement before Chairman Bernanke will hold the FOMC's first post-meeting press conference. The press conference is being held to improve transparency, per the FOMC. History tells us, however, that Fed Chairmen can speak at length without anyone learning a whole lot.

Tuesday saw a decent price improvement in bonds, which was a positive sign given the so-so results of the 2 year note auction. Today, in the midst of the Benanke's news conference the U.S Treasury will auction $35 billion of 5 year notes.

This morning bond prices are giving back some of Tuesday's gains with the yield on the 10 year note rising to 3.36%.

FHA Loan rates today, April 26, 2011

FHA loan rates today are bullish due to a positive report shoeing continued business investment. Today FHA loan 30 year rates are at 4.625% and FHA loan 15 year rates are 4.375%. FHA loans have becoming very increasingly popular in today’s housing industry with only FHA 3.5% down payment or FHA $100 HUD down payment program. Minimum credit score requirements for FHA home loans depend on which FHA loan product the applicant needs. To get maximum financing on typical new home purchases, applicants should have a credit score of 580 or better. Those with credit scores between 500 and 579 are, according the the FHA guidelines are limited to 90 percent loan to value. Applicants who have a minimum decision credit score of less than 500 are not eligible for FHA mortgages. Those with credit scores of 500 or better are eligible for 100% FHA loan financing with no down payment required when using the FHA 203(h), Mortgage Insurance for Disaster Victims.

The Conference Board reported its consumer confidence index rose to 65.4 from a revised 63.8 reading in March. Perhaps consumers are more confident as the spring weather replaces the cold and snow. It seems unlikely confidence would be higher based on data from the S&P/Case-Shiller index of property values. Residential real estate prices fell 3.3% on a year over year basis from February 2010 to February 2011, the largest decline in more than a year. Given the decrease in home prices and the low interest rates, home affordability is at its best levels in decades. Tight underwriting guidelines and job uncertainty given the fiscal state of affairs in the U.S. are keeping buyers away.

Important topics to note for the remainder of the day are the beginning of the two day FOMC meeting today, gold is still above $1,500, oil remains over $112 per barrel, and the U.S. Treasury will auction $35 billion of 2 year notes.

The U.S. stock and bond markets are both in positive territory today, with the DOW trading higher by 120 points and the yield on the 10 year note falling to 3.34%. Mortgages are better by .125% to .25%.

 

FHA Loan rates today, April 25, 2011

FHA loan rates today are bullish due to a positive report shoeing continued business investment. Today FHA loan 30 year rates are at 4.625% and FHA loan 15 year rates are 4.375% Inflation in the economy is causing FHA Loan rates to rise. New home sales rebounded in March after a dismal February, however, by all indicators this market has a long way to go on the road to recovery. The main focus for the markets this week will be the two day Fed meeting, which ends Wednesday. In addition to the standard post meeting policy statement, the Fed will also hold a press conference. It would be surprising if the financial media questions did not focus on the decline of the dollar, rising oil prices, or how QE2 might be responsible for commodity price increases.

In addition to the Fed meeting, the U.S. Treasury will auction, 2 year, 5 year, and 7 year notes, Tuesday, Wednesday, and Thursday, respectively. In front of the Fed meeting and debt auctions, bond prices are moving higher, pushing yields lower. The yield on the 10 year note has fallen to 3.65%.

FHA Loan rates today, April 22, 2011

FHA loan rates today are not too good nor too bad. FHA loans have been very popular since the downfall of subprime mortgages.  FHA loan 30 year rates are at 4.75% and FHA loan 15 year rates are 4.375%

Treasuries and FHA  mortgage closed weaker on Thursday, with the bond market closing early and all U.S. markets closed today. Next week is a full economic calendar, a two day Fed meeting and more U.S. debt auctions of 2 year, 5 year and 7 year notes. The markets will be intently focused on Wednesdays post meeting Fed announcement and the possibility of an early end to the Fed buying of U.S. Treasuries. Market remains very volatile and FHA loan or mortgage rates change daily and new guidelines are making it hard to borrowers to get an FHA loan.

FHA Loan rates today, April 19, 2011

FHA loan rates today remain low with very attractive interest rates. FHA loans have been very popular since the downfall of sub prime mortgages.  FHA loan 30 year rates are at 4.75% and FHA loan 15 year rates are 4.375%. The minimum score requirement for FHA loans remains at 620, but most lenders still have a requirement of atleast 640 or above.  Economic data this morning came from the Commerce Department reporting building permits rose 11.2% in March driven by a 25% jump in multi-family starts. Housing starts, the next phase in the construction cycle, rose 7.2% in March, but remember they fell 18% in February. New home sales are languishing as many folks opt for the distressed prices of foreclosed homes or short sales.

Monday's news that Standard & Poors place a negative watch on U.S. debt surprised the markets, causing treasuries to rise in yield and pushing stocks lower. This morning U.S. stock indices are slightly positive while treasuries have recovered all of Monday's losses. I view this as good news and bad news. It is good news that FHA Loan rates remain low, especially for those of us involved in the FHA  mortgage industry; however, the President and Congress are not likely to take S&P's downgrade seriously and make the tough decisions if interest rates remain at these levels.

After rebounding Monday afternoon, mortgage bonds are trading flat from Monday's market close
.

FHA Loan – FHA Home Loans – FHA Loans in Georgia

FHA Home Loans are a great way for low to moderate-income families to purchase a home in Georgia. FHA home Loans allow these type of families to obtain a house, so they can  keep their initial  FHA Home buying cost  as low as possible. Also with great FHA loan rates and very low mortgage payments to a minimum helps these lower income families own their own home..

There are many types of FHA Home Loans in Georgia

1. FHA Fixed Rate Mortgages

2. FHA Energy Efficient Mortgages

3. FHA Graduated Payment Mortgages

4. FHA Arm Rate Mortgages

5. FHA 203K loan Mortgages

FHA Home Loans are great for families looking to purchase a home but havent had time to put money away for the purchase or couldn’t save up due to other debts. FHA Home Loans are also set up to help recent college graduates or newly weds to obtain a mortgage for a home purchase. FHA loans were designed, so every American can live the dream of owning their own home.

FHA loans only require only 3.5% Down Payment . It is designed to help people live the American Dream. Since its inception in 1934, the Federal Housing Administration (FHA) has been a door to FHA Homeownership for 34 million American individuals and families. FHA loans provides access to reasonably priced FHA loans mortgages and fair terms, as well as many options for keeping Americans in their homes. Unless specifically addressed, FHA also offers FHA (‘jumbo’) High balance loans with FHA Limits as high as $729,750 in Georgia.

Housing of Urban and Rural Deveopment ( HUD) has been providing FHA loans or mortgages since 1934 and today most 33% of the loans originated either FHA Purchase or FHA refinance are insured through FHA. FHA loans only require a minimum of 600 credit score. But most FHA lenders in Georgia have overlays and only offer FHA Loans to people with a credit score of 640 or higher. For all FHA refinance loans or mortgages, including FHA streamline

refinances with appraisals, the maximum LTV is 97.75%. FHA streamline Refinance loans are great way to reduce your current FHA interest rates. There are no FHA originator charges nor any other junk fees . FHA streamline refinance are also done without appraisals, which means even if your FHA loan mortgage is underwater in Georgia, you can still FHA refinance and save hunders of dollars every month!

 FHA Streamline Refinance – Loan to Value

The LTV on FHA streamline refinance without an appraisal will be based on data regarding the FHA loan mortgage being refinanced, including sales price and appraised value amounts residing in FHA’s Single Family Insurance System (SFIS).  FHA will compute a new LTV by dividing the new FHA loan amount, exclusive of any upfront MIP, by the lower of the sales price or appraised value amount.  From this computed LTV, FHA will determine the

78% threshold is reached based on the scheduled amortization.  If the computed LTV is not possible, due to missing data or previous refinancing without an appraisal, the new LTV will default 89.9 percent.

 FHA Loan – Eligible Properties

 

  •  SFR – Single Family Residence – FHA Loan Approved
  •  2 Unit Properties – FHA Loan Approved
  •  3-4 Unit Properties - FHA Loan Approved
  •  Property must be self-sufficient, i.e.; the maximum mortgage amount is limited so that the ratio of the
  • Monthly FHA mortgage payment divided by the monthly net rental income does not exceed 100 percent.
  • The borrower must have a reserve of 3 months mortgage payments (PITI) after closing (MAY NOT BE FROM GIFT). Applies to purchase transactions only
  •  PUDs – PUD approval not required - FHA Loan Approved
  •  Modular Homes - FHA Loan Approved
  •  Leaseholds (see Leaseholds, below) - FHA Loan Approved
  •  Properties with age restrictions are accepted, subject to Exception approval - FHA Loan Approved
  •  FHA approved Condominiums - FHA Loan Approved

 

 FHA Loan Mortgage Rates – Georgia

In Georgia, since the home values have plummeted over the last 3-5 years , FHA loan rates are slightly higher than other states due to higher loan to values.

 FHA loan rates in Georgia are as follows:

 

 FHA LOAN FIXED RATES IN GEORGIA

FHA loan 30 year fixed rates are 4.875%

FHA loan 25 year fixed rates are 4.875%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.50%

 

 FHA LOAN ARM RATES IN GEORGIA

 

FHA loan arm rates for 3 year fixed are 3.75%

FHA loan arm rates for 5 year fixed are 3.875%

FHA loan arm rates for 7 year fixed are 4.25%

 

 FHA Loan – FHA Home Loans – FHA Loans in Florida

FHA Home Loans are a great way for low to moderate-income families to purchase a home in Florida. FHA home Loans allow these type of families to obtain a house, so they can  keep their initial  FHA Home buying cost  as low as possible. Also with great FHA loan rates and very low mortgage payments to a minimum helps these lower income families own their own home..

There are many types of FHA Home Loans in Florida

1. FHA Fixed Rate Mortgages

2. FHA Energy Efficient Mortgages

3. FHA Graduated Payment Mortgages

4. FHA Arm Rate Mortgages

5. FHA 203K loan Mortgages

FHA Home Loans are great for families looking to purchase a home but haven’t had time to put money away for the purchase or couldn’t save up due to other debts. FHA Home Loans are also set up to help recent college graduates or newly weds to obtain a mortgage for a home purchase. FHA loans were designed, so every American can live the dream of owning their own home.

FHA loans only require only 3.5% Down Payment. It is designed to help people live the American Dream. Since its inception in 1934, the Federal Housing Administration (FHA) has been a door to FHA Homeownership for 34 million American individuals and families. FHA loans provides access to reasonably priced FHA loans mortgages and fair terms, as well as many options for keeping Americans in their homes. Unless specifically addressed, FHA also offers FHA (‘jumbo’) High balance loans with FHA Limits as high as $729,750 in Florida.

Housing of Urban and Rural Development ( HUD) has been providing FHA loans or mortgages since 1934 and today most 33% of the loans originated either FHA Purchase or FHA refinance are insured through FHA. FHA loans only require a minimum of 600 credit score. But most FHA lenders in Florida have overlays and only offer FHA Loans to people with a credit score of 640 or higher. For all FHA refinance loans or mortgages, including FHA streamline

refinances with appraisals, the maximum LTV is 97.75%. FHA streamline Refinance loans are great way to reduce your current FHA interest rates. There are no FHA originator charges nor any other junk fees . FHA streamline refinance are also done without appraisals, which means even if your FHA loan mortgage is underwater in Florida , you can still FHA refinance and save hundreds of dollars every month!

 

FHA Loan – FHA Home Loans – FHA Loans in Alabama

FHA Home Loans are a great way for low to moderate-income families to purchase a home. FHA home Loans allow these type of families to obtain a house, so they can  keep their initial  FHA Home buying cost  as low as possible. Also with great FHA loan rates and very low mortgage payments to a minimum helps these lower income families own their own home..

There are many types of FHA Home Loans in Alabama

1. FHA Fixed Rate Mortgage

2. FHA Energy Efficient Mortgages

3. FHA Graduated Payment Mortgages

4. FHA Arm Rate Mortgages

5. FHA 203K loan Mortgages

FHA Home Loans are great for families looking to purchase a home but havent had time to put money away for the purchase or couldn’t save up due to other debts. FHA Home Loans are also set up to help recent college graduates or newly weds to obtain a mortgage for a home purchase. FHA loans were designed, so every American can live the dream of owning their own home.

FHA loans only require only 3.5% Down Payment . It is designed to help people live the American Dream. Since its inception in 1934, the Federal Housing Administration (FHA) has been a door to FHA Homeownership for 34 million American individuals and families. FHA loans provides access to reasonably priced FHA loans mortgages and fair terms, as well as many options for keeping Americans in their homes. Unless specifically addressed, FHA also offers FHA (‘jumbo’) High balance loans with FHA Limits as high as $729,750 in Alabama.

Housing of Urban and Rural Development ( HUD) has been providing FHA loans or mortgages since 1934 and today most 33% of the loans originated either FHA Purchase or FHA refinance are insured through FHA. FHA loans only require a minimum of 600 credit score. But most FHA lenders in Alabama have overlays and only offer FHA Loans to people with a credit score of 640 or higher. For all FHA refinance loans or mortgages, including FHA streamline

refinances with appraisals, the maximum LTV is 97.75%. FHA streamline Refinance loans are great way to reduce your current FHA interest rates. There are no FHA originator charges nor any other junk fees . FHA streamline refinance are also done without appraisals, which means even if your FHA loan mortgage is underwater in Alabama, you can still FHA refinance and save hundreds of dollars every month!

 

FHA Loan – FHA Home Loans – FHA Loans in South Carolina

FHA Home Loans are a great way for low to moderate-income families to purchase a home. FHA home Loans allow these type of families to obtain a house, so they can  keep their initial  FHA Home buying cost  as low as possible. Also with great FHA loan rates and very low mortgage payments to a minimum helps these lower income families own their own home..

There are many types of FHA Home Loans in South Carolina

1. FHA Fixed Rate Mortgages

2. FHA Energy Efficient Mortgages

3. FHA Graduated Payment Mortgages

4. FHA Arm Rate Mortgages

5. FHA 203K loan Mortgages

FHA Home Loans are great for families looking to purchase a home but havent had time to put money away for the purchase or couldn’t save up due to other debts. FHA Home Loans are also set up to help recent college graduates or newly weds to obtain a mortgage for a home purchase. FHA loans were designed, so every American can live the dream of owning their own home.

FHA loans only require only 3.5% Down Payment . It is designed to help people live the American Dream. Since its inception in 1934, the Federal Housing Administration (FHA) has been a door to FHA Homeownership for 34 million American individuals and families. FHA loans provides access to reasonably priced FHA loans mortgages and fair terms, as well as many options for keeping Americans in their homes. Unless specifically addressed, FHA also offers FHA (‘jumbo’) High balance loans with FHA Limits as high as $729,750 in South Carolina.

Housing of Urban and Rural Development ( HUD) has been providing FHA loans or mortgages since 1934 and today most 33% of the loans originated either FHA Purchase or FHA refinance are insured through FHA. FHA loans only require a minimum of 600 credit score. But most FHA lenders in South Carolina have overlays and only offer FHA Loans to people with a credit score of 640 or higher. For all FHA refinance loans or mortgages, including FHA streamline

refinances with appraisals, the maximum LTV is 97.75%. FHA streamline Refinance loans are great way to reduce your current FHA interest rates. There are no FHA originator charges nor any other junk fees . FHA streamline refinance are also done without appraisals, which means even if your FHA loan mortgage is underwater in South Carolina, you can still FHA refinance and save hundreds of dollars every month!

 

FHA Loan – FHA Home Loans – FHA Loans in California

FHA Home Loans are a great way for low to moderate-income families to purchase a home. FHA home Loans allow these type of families to obtain a house, so they can  keep their initial  FHA Home buying cost  as low as possible. Also with great FHA loan rates and very low mortgage payments to a minimum helps these lower income families own their own home..

There are many types of FHA Home Loans in California

1. FHA Fixed Rate Mortgages

2. FHA Energy Efficient Mortgages

3. FHA Graduated Payment Mortgages

4. FHA Arm Rate Mortgages

5. FHA 203K loan Mortgages

FHA Home Loans are great for families looking to purchase a home but havent had time to put money away for the purchase or couldn’t save up due to other debts. FHA Home Loans are also set up to help recent college graduates or newly weds to obtain a mortgage for a home purchase. FHA loans were designed, so every American can live the dream of owning their own home.

FHA loans only require only 3.5% Down Payment . It is designed to help people live the American Dream. Since its inception in 1934, the Federal Housing Administration (FHA) has been a door to FHA Homeownership for 34 million American individuals and families. FHA loans provides access to reasonably priced FHA loans mortgages and fair terms, as well as many options for keeping Americans in their homes. Unless specifically addressed, FHA also offers FHA (‘jumbo’) High balance loans with FHA Limits as high as $729,750 in California.

Housing of Urban and Rural Development ( HUD) has been providing FHA loans or mortgages since 1934 and today most 33% of the loans originated either FHA Purchase or FHA refinance are insured through FHA. FHA loans only require a minimum of 600 credit score. But most FHA lenders in California have overlays and only offer FHA Loans to people with a credit score of 640 or higher. For all FHA refinance loans or mortgages, including FHA streamline

refinances with appraisals, the maximum LTV is 97.75%. FHA streamline Refinance loans are great way to reduce your current FHA interest rates. There are no FHA originator charges nor any other junk fees . FHA streamline refinance are also done without appraisals, which means even if your FHA loan mortgage is underwater in California, you can still FHA refinance and save hundreds of dollars every month!

 

FHA Loan – FHA Home Loans – FHA Loans in New York

FHA Home Loans are a great way for low to moderate-income families to purchase a home in New York. FHA home Loans allow these type of families to obtain a house, so they can  keep their initial  FHA Home buying cost  as low as possible. Also with great FHA loan rates and very low mortgage payments to a minimum helps these lower income families own their own home..

There are many types of FHA Home Loans in New York

1. FHA Loan Fixed Rate Mortgages

2. FHA Loan Energy Efficient Mortgages

3. FHA Loan Graduated Payment Mortgages

4. FHA Loan Arm Rate Mortgages

5. FHA Loan 203K loan Mortgages

FHA Home Loans are great for families looking to purchase a home but havent had time to put money away for the purchase or couldn’t save up due to other debts. FHA Home Loans are also set up to help recent college graduates or newly weds to obtain a mortgage for a home purchase. FHA loans were designed, so every American can live the dream of owning their own home.

FHA loans only require only 3.5% Down Payment . It is designed to help people live the American Dream. Since its inception in 1934, the Federal Housing Administration (FHA) has been a door to FHA Homeownership for 34 million American individuals and families. FHA loans provides access to reasonably priced FHA loans mortgages and fair terms, as well as many options for keeping Americans in their homes. Unless specifically addressed, FHA also offers FHA (‘jumbo’) High balance loans with FHA Limits as high as $729,750 in New York.

Housing of Urban and Rural Development ( HUD) has been providing FHA loans or mortgages since 1934 and today most 33% of the loans originated either FHA Purchase or FHA refinance are insured through FHA. FHA loans only require a minimum of 600 credit score. But most FHA lenders in New York have overlays and only offer FHA Loans to people with a credit score of 640 or higher. For all FHA refinance loans or mortgages, including FHA streamline

refinances with appraisals, the maximum LTV is 97.75%. FHA streamline Refinance loans are great way to reduce your current FHA interest rates. There are no FHA originator charges nor any other junk fees . FHA streamline refinance are also done without appraisals, which means even if your FHA loan mortgage is underwater in New York, you can still FHA refinance and save hundreds of dollars every month!

 

FHA Loan – FHA Home Loans – FHA Loans in New Jersey

FHA Home Loans are a great way for low to moderate-income families to purchase a home. FHA home Loans allow these type of families to obtain a house, so they can  keep their initial  FHA Home buying cost  as low as possible. Also with great FHA loan rates and very low mortgage payments to a minimum helps these lower income families own their own home..

There are many types of FHA Home Loans in New Jersey

1. FHA loan Fixed Rate Mortgages

2. FHA loan Energy Efficient Mortgages

3. FHA loan Graduated Payment Mortgages

4. FHA loan Arm Rate Mortgages

5. FHA 203K loan Mortgages

FHA Home Loans are great for families looking to purchase a home but havent had time to put money away for the purchase or couldn’t save up due to other debts. FHA Home Loans are also set up to help recent college graduates or newly weds to obtain a mortgage for a home purchase. FHA loans were designed, so every American can live the dream of owning their own home.

FHA loans only require only 3.5% Down Payment . It is designed to help people live the American Dream. Since its inception in 1934, the Federal Housing Administration (FHA) has been a door to FHA Homeownership for 34 million American individuals and families. FHA loans provides access to reasonably priced FHA loans mortgages and fair terms, as well as many options for keeping Americans in their homes. Unless specifically addressed, FHA also offers FHA (‘jumbo’) High balance loans with FHA Limits as high as $729,750 in New Jersey.

Housing of Urban and Rural Development ( HUD) has been providing FHA loans or mortgages since 1934 and today most 33% of the loans originated either FHA Purchase or FHA refinance are insured through FHA. FHA loans only require a minimum of 600 credit score. But most FHA lenders in New Jersey have overlays and only offer FHA Loans to people with a credit score of 640 or higher. For all FHA refinance loans or mortgages, including FHA streamline

refinances with appraisals, the maximum LTV is 97.75%. FHA streamline Refinance loans are great way to reduce your current FHA interest rates. There are no FHA originator charges nor any other junk fees . FHA streamline refinance are also done without appraisals, which means even if your FHA loan mortgage is underwater in New Jersey, you can still FHA refinance and save hundreds of dollars every month

 

FHA Loan – FHA Home Loans – FHA Loans in Maryland

FHA Home Loans are a great way for low to moderate-income families to purchase a home. FHA home Loans allow these type of families to obtain a house, so they can  keep their initial  FHA Home buying cost  as low as possible. Also with great FHA loan rates and very low mortgage payments to a minimum helps these lower income families own their own home..

There are many types of FHA Home Loans in Maryland

1. FHA loan Fixed Rate Mortgages

2. FHA loan Energy Efficient Mortgages

3. FHA loan Graduated Payment Mortgages

4. FHA loan Arm Rate Mortgages

5. FHA loan 203K loan Mortgages

FHA Home Loans are great for families looking to purchase a home but havent had time to put money away for the purchase or couldn’t save up due to other debts. FHA Home Loans are also set up to help recent college graduates or newly weds to obtain a mortgage for a home purchase. FHA loans were designed, so every American can live the dream of owning their own home.

FHA loans only require only 3.5% Down Payment . It is designed to help people live the American Dream. Since its inception in 1934, the Federal Housing Administration (FHA) has been a door to FHA Homeownership for 34 million American individuals and families. FHA loans provides access to reasonably priced FHA loans mortgages and fair terms, as well as many options for keeping Americans in their homes. Unless specifically addressed, FHA also offers FHA (‘jumbo’) High balance loans with FHA Limits as high as $729,750 in Maryland.

Housing of Urban and Rural Development ( HUD) has been providing FHA loans or mortgages since 1934 and today most 33% of the loans originated either FHA Purchase or FHA refinance are insured through FHA. FHA loans only require a minimum of 600 credit score. But most FHA lenders in Maryland have overlays and only offer FHA Loans to people with a credit score of 640 or higher. For all FHA refinance loans or mortgages, including FHA streamline

refinances with appraisals, the maximum LTV is 97.75%. FHA streamline Refinance loans are great way to reduce your current FHA interest rates. There are no FHA originator charges nor any other junk fees . FHA streamline refinance are also done without appraisals, which means even if your FHA loan mortgage is underwater in Maryland, you can still FHA refinance and save hundreds of dollars every month!

 

FHA Loan – FHA Home Loans – FHA Loans in Virginia

FHA Home Loans are a great way for low to moderate-income families to purchase a home. FHA home Loans allow these type of families to obtain a house, so they can  keep their initial  FHA Home buying cost  as low as possible. Also with great FHA loan rates and very low mortgage payments to a minimum helps these lower income families own their own home..

There are many types of FHA Home Loans in Virginia

1. FHA loans Fixed Rate Mortgages

2. FHA loans Energy Efficient Mortgages

3. FHA loans Graduated Payment Mortgages

4. FHA loans Arm Rate Mortgages

5. FHA loans 203K loan Mortgages

FHA Home Loans are great for families looking to purchase a home but haven’t had time to put money away for the purchase or couldn’t save up due to other debts. FHA Home Loans are also set up to help recent college graduates or newly weds to obtain a mortgage for a home purchase. FHA loans were designed, so every American can live the dream of owning their own home.

FHA loans only require only 3.5% Down Payment . It is designed to help people live the American Dream. Since its inception in 1934, the Federal Housing Administration (FHA) has been a door to FHA Homeownership for 34 million American individuals and families. FHA loans provides access to reasonably priced FHA loans mortgages and fair terms, as well as many options for keeping Americans in their homes. Unless specifically addressed, FHA also offers FHA (‘jumbo’) High balance loans with FHA Limits as high as $729,750 in Virginia.

Housing of Urban and Rural Development ( HUD) has been providing FHA loans or mortgages since 1934 and today most 33% of the loans originated either FHA Purchase or FHA refinance are insured through FHA. FHA loans only require a minimum of 600 credit score. But most FHA lenders in Virginia have overlays and only offer FHA Loans to people with a credit score of 640 or higher. For all FHA refinance loans or mortgages, including FHA streamline

refinances with appraisals, the maximum LTV is 97.75%. FHA streamline Refinance loans are great way to reduce your current FHA interest rates. There are no FHA originator charges nor any other junk fees . FHA streamline refinance are also done without appraisals, which means even if your FHA loan mortgage is underwater in Virginia, you can still FHA refinance and save hundreds of dollars every month!

 

FHA Loan – FHA Home Loans – FHA Loans in Washington

FHA Home Loans are a great way for low to moderate-income families to purchase a home. FHA home Loans allow these type of families to obtain a house, so they can  keep their initial  FHA Home buying cost  as low as possible. Also with great FHA loan rates and very low mortgage payments to a minimum helps these lower income families own their own home..

There are many types of FHA Home Loans in Washington

1. FHA loan Fixed Rate Mortgages

2. FHA loan Energy Efficient Mortgages

3. FHA loan Graduated Payment Mortgages

4. FHA loan Arm Rate Mortgages

5. FHA loan 203K loan Mortgages

FHA Home Loans are great for families looking to purchase a home but haven’t had time to put money away for the purchase or couldn’t save up due to other debts. FHA Home Loans are also set up to help recent college graduates or newly weds to obtain a mortgage for a home purchase. FHA loans were designed, so every American can live the dream of owning their own home.

FHA loans only require only 3.5% Down Payment . It is designed to help people live the American Dream. Since its inception in 1934, the Federal Housing Administration (FHA) has been a door to FHA Homeownership for 34 million American individuals and families. FHA loans provides access to reasonably priced FHA loans mortgages and fair terms, as well as many options for keeping Americans in their homes. Unless specifically addressed, FHA also offers FHA (‘jumbo’) High balance loans with FHA Limits as high as $729,750 in Washington.

Housing of Urban and Rural Development ( HUD) has been providing FHA loans or mortgages since 1934 and today most 33% of the loans originated either FHA Purchase or FHA refinance are insured through FHA. FHA loans only require a minimum of 600 credit score. But most FHA lenders in Washington have overlays and only offer FHA Loans to people with a credit score of 640 or higher. For all FHA refinance loans or mortgages, including FHA streamline

refinances with appraisals, the maximum LTV is 97.75%. FHA streamline Refinance loans are great way to reduce your current FHA interest rates. There are no FHA originator charges nor any other junk fees . FHA streamline refinance are also done without appraisals, which means even if your FHA loan mortgage is underwater in Washington, you can still FHA refinance and save hundreds of dollars every month!

 

FHA Loan – FHA Home Loans – FHA Loans in Colorado

FHA Home Loans are a great way for low to moderate-income families to purchase a home in Colorado. FHA home Loans allow these type of families to obtain a house, so they can  keep their initial  FHA Home buying cost  as low as possible. Also with great FHA loan rates and very low mortgage payments to a minimum helps these lower income families own their own home.

There are many types of FHA Home Loans in Colorado

1. FHA loans Fixed Rate Mortgages

2. FHA Energy Efficient Mortgages

3. FHA loans Graduated Payment Mortgages

4. FHA loans Arm Rate Mortgages

5. FHA 203K loan Mortgages

FHA Home Loans are great for families looking to purchase a home but havent had time to put money away for the purchase or couldn’t save up due to other debts. FHA Home Loans are also set up to help recent college graduates or newly weds to obtain a mortgage for a home purchase. FHA loans were designed, so every American can live the dream of owning their own home.

FHA loans only require only 3.5% Down Payment . It is designed to help people live the American Dream. Since its inception in 1934, the Federal Housing Administration (FHA) has been a door to FHA Homeownership for 34 million American individuals and families. FHA loans provides access to reasonably priced FHA loans mortgages and fair terms, as well as many options for keeping Americans in their homes. Unless specifically addressed, FHA also offers FHA (‘jumbo’) High balance loans with FHA Limits as high as $729,750 in Colorado.

Housing of Urban and Rural Development ( HUD) has been providing FHA loans or mortgages since 1934 and today most 33% of the loans originated either FHA Purchase or FHA refinance are insured through FHA. FHA loans only require a minimum of 600 credit score. But most FHA lenders in Colorado have overlays and only offer FHA Loans to people with a credit score of 640 or higher. For all FHA refinance loans or mortgages, including FHA streamline

refinances with appraisals, the maximum LTV is 97.75%. FHA streamline Refinance loans are great way to reduce your current FHA interest rates. There are no FHA originator charges nor any other junk fees . FHA streamline refinance are also done without appraisals, which means even if your FHA loan mortgage is underwater in Colorado, you can still FHA refinance and save hundreds of dollars every month! Another advantage of FHA loan is that that your mortgage is insured by the FHA , since it’s a government loan , if you were to go foreclose , FHA will compensate the Bank for the Loss.

FHA Loan – FHA Home Loans – FHA Loans in Hawaii

FHA Home Loans are a great way for low to moderate-income families to purchase a home. FHA home Loans allow these type of families to obtain a house, so they can  keep their initial  FHA Home buying cost  as low as possible. Also with great FHA loan rates and very low mortgage payments to a minimum helps these lower income families own their own home..

There are many types of FHA Home Loans in Hawaii

1. FHA Fixed Rate Mortgages

2. FHA Energy Efficient Mortgages

3. FHA Graduated Payment Mortgages

4. FHA Arm Rate Mortgages

5. FHA 203K loan Mortgages

FHA Home Loans are great for families looking to purchase a home but havent had time to put money away for the purchase or couldn’t save up due to other debts. FHA Home Loans are also set up to help recent college graduates or newly weds to obtain a mortgage for a home purchase. FHA loans were designed, so every American can live the dream of owning their own home.

FHA loans only require only 3.5% Down Payment . It is designed to help people live the American Dream. Since its inception in 1934, the Federal Housing Administration (FHA) has been a door to FHA Homeownership for 34 million American individuals and families. FHA loans provides access to reasonably priced FHA loans mortgages and fair terms, as well as many options for keeping Americans in their homes. Unless specifically addressed, FHA also offers FHA (‘jumbo’) High balance loans with FHA Limits as high as $729,750 in Hawaii.

Housing of Urban and Rural Development ( HUD) has been providing FHA loans or mortgages since 1934 and today most 33% of the loans originated either FHA Purchase or FHA refinance are insured through FHA. FHA loans only require a minimum of 600 credit score. But most FHA lenders in Hawaii have overlays and only offer FHA Loans to people with a credit score of 640 or higher. For all FHA refinance loans or mortgages, including FHA streamline

refinances with appraisals, the maximum LTV is 97.75%. FHA streamline Refinance loans are great way to reduce your current FHA interest rates. There are no FHA originator charges nor any other junk fees . FHA streamline refinance are also done without appraisals, which means even if your FHA loan mortgage is underwater in Hawaii, you can still FHA refinance and save hundreds of dollars every month!

 

FHA Loan – FHA Home Loans – FHA Loans in North Carolina

FHA Home Loans are a great way for low to moderate-income families to purchase a home. FHA home Loans allow these type of families to obtain a house, so they can  keep their initial  FHA Home buying cost  as low as possible. Also with great FHA loan rates and very low mortgage payments to a minimum helps these lower income families own their own home..

There are many types of FHA Home Loans in North Carolina

1. FHA loan Fixed Rate Mortgages

2. FHA loan Energy Efficient Mortgages

3. FHA loan Graduated Payment Mortgages

4. FHA loan Arm Rate Mortgages

5. FHA loan 203K loan Mortgages

FHA Home Loans are great for families looking to purchase a home but havent had time to put money away for the purchase or couldn’t save up due to other debts. FHA Home Loans are also set up to help recent college graduates or newly weds to obtain a mortgage for a home purchase. FHA loans were designed, so every American can live the dream of owning their own home.

FHA loans only require only 3.5% Down Payment . It is designed to help people live the American Dream. Since its inception in 1934, the Federal Housing Administration (FHA) has been a door to FHA Homeownership for 34 million American individuals and families. FHA loans provides access to reasonably priced FHA loans mortgages and fair terms, as well as many options for keeping Americans in their homes. Unless specifically addressed, FHA also offers FHA (‘jumbo’) High balance loans with FHA Limits as high as $729,750 in North Carolina.

Housing of Urban and Rural Development ( HUD) has been providing FHA loans or mortgages since 1934 and today most 33% of the loans originated either FHA Purchase or FHA refinance are insured through FHA. FHA loans only require a minimum of 600 credit score. But most FHA lenders in North Carolina have overlays and only offer FHA Loans to people with a credit score of 640 or higher. For all FHA refinance loans or mortgages, including FHA streamline

refinances with appraisals, the maximum LTV is 97.75%. FHA streamline Refinance loans are great way to reduce your current FHA interest rates. There are no FHA originator charges nor any other junk fees . FHA streamline refinance are also done without appraisals, which means even if your FHA loan mortgage is underwater in North Carolina, you can still FHA refinance and save hundreds of dollars every month!

 

FHA Loan Mortgage Rates – Florida

In Florida, since the home values have plummeted over the last 3-5 years and the property values are down more than 50% of what they were back in 2006 , FHA loan rates are slightly higher in florida than other states due to appraisal problems and risky loans.

 FHA loan rates in Florida are as follows:

 

FHA LOAN FIXED RATES IN FLORIDA

FHA loan 30 year fixed rates are 4.875%

FHA loan 25 year fixed rates are 4.875%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.50%

 

FHA LOAN ARM RATES IN FLORIDA

 

FHA loan arm rates for 3 year fixed are 3.75%

FHA loan arm rates for 5 year fixed are 3.875%

FHA loan arm rates for 7 year fixed are 4.25%

 

FHA Loan Mortgage Rates – South Carolina

In South Carolina, since the home values are good and have stayed pretty steady over the last 3-5 years , FHA loan rates are a little better in south Carolina  than other states due to less FHA appraisal Problems.

FHA loan rates in South Carolina are as follows:

 

FHA LOAN FIXED RATES IN SOUTH CAROLINA

FHA loan 30 year fixed rates are 4.75%

FHA loan 25 year fixed rates are 4.875%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.375%

 

FHA LOAN ARM RATES IN SOUTH CAROLINA

 

FHA loan arm rates for 3 year fixed are 3.75%

FHA loan arm rates for 5 year fixed are 3.75%

FHA loan arm rates for 7 year fixed are 4.375%

 

FHA Loan Mortgage Rates – California

In California, since the home values have really taken a dip and plummeted over the last 3-5 years , FHA loan rates are little higher than other states due to higher loan to values and risky FHA home values.

FHA loan rates in California are as follows:

 

FHA LOAN FIXED RATES IN CALIFORNIA

FHA loan 30 year fixed rates are 4.875%

FHA loan 25 year fixed rates are 4.875%

FHA loan 20 year fixed rates are 4.875%

FHA loan 15 year fixed rates are 4.625%

 

FHA LOAN ARM RATES IN CALIFORNIA

 

FHA loan arm rates for 3 year fixed are 3.875%

FHA loan arm rates for 5 year fixed are 3.875%

FHA loan arm rates for 7 year fixed are 4.375%

 

FHA Loan Mortgage Rates – New York

In New York, since the home values appraisals have plummeted over the last 3-5 years , but the New York, New York has upheld the appraisal values. FHA loan rates are attractive in New York and will save hundreds of dollars in FHA payment every month!

FHA loan rates in New York are as follows:

 

FHA LOAN FIXED RATES IN NEW YORK

FHA loan 30 year fixed rates are 4.875%

FHA loan 25 year fixed rates are 4.875%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.50%

 

FHA LOAN ARM RATES IN NEW YORK

 

FHA loan arm rates for 3 year fixed are 3.75%

FHA loan arm rates for 5 year fixed are 3.875%

FHA loan arm rates for 7 year fixed are 4.25

 

FHA Loan Mortgage Rates – Maryland

In Maryland, since the home values have been fairly reasonable over the last 5 years , FHA loan rates are wonderful in Maryland  than other states due to less risky loans and steady family incomes.

FHA loan rates in Maryland are as follows:

 

FHA LOAN FIXED RATES IN MARYLAND

FHA loan 30 year fixed rates are 4.875%

FHA loan 25 year fixed rates are 4.875%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.50%

 

FHA LOAN ARM RATES IN MARYLAND

 

FHA loan arm rates for 3 year fixed are 3.75%

FHA loan arm rates for 5 year fixed are 3.875%

FHA loan arm rates for 7 year fixed are 4.25%

 

FHA Loan Mortgage Rates – Virginia

In Virginia, since the home values have plummeted over the last 3-5 years , FHA loan rates are slightly higher than other states due to higher loan to value issues. In Virginia, a borrower can get an FHA Loan up to $729,750, depending on the county, on a single family residence with only 3.5% down payment with only 640 credit score!

FHA loan rates in Virginia are as follows:

 

FHA LOAN FIXED RATES IN Virginia

FHA loan 30 year fixed rates are 4.75%

FHA loan 25 year fixed rates are 4.875%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.375%

 

FHA LOAN ARM RATES IN GEORGIA

 

FHA loan arm rates for 3 year fixed are 3.875%

FHA loan arm rates for 5 year fixed are 3.75%

FHA loan arm rates for 7 year fixed are 4.50%

 

FHA Loan Mortgage Rates – Colorado

In Colorado, the home values have dropped significantly over the last 3-5 years , FHA loan rates are slightly higher in Colorado  than other states due to higher loan to values and riskier loans. Some of the Colorado counties have an FHA limit on a single family residence up to $729,750. Borrowers can take advantage of this special FHA jumbo Program with only 3.5% down payment money.

FHA loan rates in Colorado are as follows:

 

FHA LOAN FIXED RATES IN COLORADO

FHA loan 30 year fixed rates are 5.00%

FHA loan 25 year fixed rates are 4.875%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.25%

 

FHA LOAN ARM RATES IN COLORADO

 

FHA loan arm rates for 3 year fixed are 4.00%

FHA loan arm rates for 5 year fixed are 3.875%

FHA loan arm rates for 7 year fixed are 4.25%

 

FHA Loan Mortgage Rates – Nevada

In Nevada, since the home values have plummeted over the last 10 years , most people are upside down on their mortgages and have over 50% of the property values. Las Vegas, Nevada was one of the hardest hit places during the Recession. FHA loan rates are higher in Nevada  than other states due to extremely risky loans. FHA lenders scrutinize on the appraisal values before they lend in Nevada. But FHA streamline refinance program allows current FHA Loan holder borrowers to refinance their upside down mortgage without an appraisal and still take advantage of the historically low rates!

FHA loan rates in Nevada are as follows:

 

FHA LOAN FIXED RATES IN NEVADA

FHA loan 30 year fixed rates are 5.00%

FHA loan 25 year fixed rates are 5.00%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.75%

 

FHA LOAN ARM RATES IN NEVADA

 

FHA loan arm rates for 3 year fixed are 4.00%

FHA loan arm rates for 5 year fixed are 3.875%

FHA loan arm rates for 7 year fixed are 4.375%

 

FHA Loan Mortgage Rates – Michigan

In Michigan, the home values have plummeted over the last 3-5 years , people don’t have jobs nor have equity in their homes. Most people cant even afford to pay their FHA loan mortgages in Michigan and because of that  FHA loan rates are pretty high in Michigan than other states due to extremely risky FHA loans. Michigan was the number hardest hit state during recession.

FHA loan rates in Georgia are as follows:

 

FHA LOAN FIXED RATES IN MICHIGAN

FHA loan 30 year fixed rates are 4.875%

FHA loan 25 year fixed rates are 4.875%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.50%

 

FHA LOAN ARM RATES IN MICHIGAN

 

FHA loan arm rates for 3 year fixed are 3.75%

FHA loan arm rates for 5 year fixed are 3.875%

FHA loan arm rates for 7 year fixed are 4.25%

 

FHA Loan Mortgage Rates – North Carolina

In North Carolina, since the home values have plummeted over the last 3-5 years, FHA loan rates are slightly higher than other states due to less equity in people’s home. FHA does offer FHA streamline refinance program for those who already have an FHA loan , they can FHA refinance and get an instant rate reduction with an FHA appraisal

FHA loan rates in North Carolina  are as follows:

 

FHA LOAN FIXED RATES IN NORTH CAROLINA

FHA loan 30 year fixed rates are 4.875%

FHA loan 25 year fixed rates are 4.875%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.50%

 

FHA LOAN ARM RATES IN NORTH CAROLINA

 

FHA loan arm rates for 3 year fixed are 3.75%

FHA loan arm rates for 5 year fixed are 3.875%

FHA loan arm rates for 7 year fixed are 4.25%

 

FHA Loan Mortgage Rates – Texas

In Texas, the economy is very good and home values are very healthy as well, FHA loan rates are very attractive in texas than other states due to lower loan to values and built in equity in borrowers home.

FHA loan rates in Texas are as follows:

 

FHA LOAN FIXED RATES IN TEXAS

FHA loan 30 year fixed rates are 4.875%

FHA loan 25 year fixed rates are 4.875%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.50%

 

FHA LOAN ARM RATES IN TEXAS

 

FHA loan arm rates for 3 year fixed are 3.75%

FHA loan arm rates for 5 year fixed are 3.875%

FHA loan arm rates for 7 year fixed are 4.25%

 

FHA Loan Mortgage Rates – Illinois

In Illinois, since the home values have plummeted over the last 3-5 years , FHA loan rates are slightly higher than other states due to higher loan to values. FHA offers FHA streamline program in Illinois so the FHA borrowers could refinance without an FHA appraisal.

FHA loan rates in Illinois are as follows:

 

FHA LOAN FIXED RATES IN ILLINOIS

FHA loan 30 year fixed rates are 4.875%

FHA loan 25 year fixed rates are 4.875%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.50%

 

FHA LOAN ARM RATES IN ILLINOIS

 

FHA loan arm rates for 3 year fixed are 3.75%

FHA loan arm rates for 5 year fixed are 3.875%

FHA loan arm rates for 7 year fixed are 4.25%

 

FHA Loan Mortgage Rates – Connecticut

In Connecticut, since the home values have plummeted over the last 5-7 years , FHA loan rates are slightly higher than other states and continue to rise due Home value deflation in the Connecticut economy. Although FHA offers FHA streamline refinance program in Connecticut , which helps FHA loan holder Borrowers refinance their house with out an FHA appraisal.

FHA loan rates in Connecticut are as follows:

 

FHA LOAN FIXED RATES IN CONNECTICUT

FHA loan 30 year fixed rates are 4.75%

FHA loan 25 year fixed rates are 4.75%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.625%

 

FHA LOAN ARM RATES IN CONNECTICUT

 

FHA loan arm rates for 3 year fixed are 4.125%

FHA loan arm rates for 5 year fixed are 3.75%

FHA loan arm rates for 7 year fixed are 4.25%

 

FHA Loan Mortgage Rates – North Dakota

In North Dakota, since the home values have been very steady over the last 5 years , FHA loan rates are very attractive than other states due to lower loan to values. Although FHA offers, FHA streamline refinance program in North Dakota, which helps FHA loan holder Borrowers refinance their house with out an FHA appraisal.

FHA loan rates in North Dakota are as follows:

 

FHA LOAN FIXED RATES IN NORTH DAKOTA

FHA loan 30 year fixed rates are 4.625%

FHA loan 25 year fixed rates are 4.75%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.375%

 

FHA LOAN ARM RATES IN NORTH DAKOTA

 

FHA loan arm rates for 3 year fixed are 3.75%

FHA loan arm rates for 5 year fixed are 3.875%

FHA loan arm rates for 7 year fixed are 4.125%

 

FHA Loan Mortgage Rates – Washington

In Washington, the home values have held up pretty nicely over the years may be due to the white house , FHA loan rates are attractively low in Washington than other states due to less FHA risky loans. FHA also offers FHA streamline refinance program in Washington , which helps FHA loan holder Borrowers refinance their house with out an FHA appraisal.

FHA loan rates in Washington are as follows:

 

FHA LOAN FIXED RATES IN WASHINGTON

FHA loan 30 year fixed rates are 4.75%

FHA loan 25 year fixed rates are 4.875%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.50%

 

FHA LOAN ARM RATES IN WASHINGTON

 

FHA loan arm rates for 3 year fixed are 3.75%

FHA loan arm rates for 5 year fixed are 3.875%

FHA loan arm rates for 7 year fixed are 4.25%

 

FHA Loan Mortgage Rates – Utah

In Utah, since the home values have plummeted over the last 3-5 years , FHA loan rates are slightly higher than other states due to higher loan to values. Although FHA offers FHA streamline refinance program in Utah which helps FHA loan holder Borrowers refinance their house with out an FHA appraisal and reduce their FHA monthly payment instantly!

FHA loan rates in Utah are as follows:

 

FHA LOAN FIXED RATES IN UTAH

FHA loan 30 year fixed rates are 4.875%

FHA loan 25 year fixed rates are 4.875%

FHA loan 20 year fixed rates are 4.75%

FHA loan 15 year fixed rates are 4.50%

 

FHA LOAN ARM RATES IN UTAH

 

FHA loan arm rates for 3 year fixed are 3.75%

FHA loan arm rates for 5 year fixed are 3.875%

FHA loan arm rates for 7 year fixed are 4.25%

 

 

Actual rates and other information may vary. Fees & charges apply and may vary by product and State.

Subject to underwriting approval. Application required, not all applicants will be approved.

 

 

Privacy Policy