FHA Rates
FHA mortgage
rates explained.
FHA mortgage rates are market-based and set by individual lenders. The FHA guarantees the loan — but the rate itself varies across lenders and borrower profiles.
FHA mortgage rates are market-based and set by individual lenders. The FHA guarantees the loan — but the rate itself varies across lenders and borrower profiles.
The FHA does not set interest rates. Lenders set their own FHA rates based on market conditions and the borrower's profile. The FHA guarantee reduces lender risk, which allows FHA programs to serve borrowers who might not qualify conventionally.
FHA loans require an Upfront MIP (UFMIP) and an annual MIP — in addition to the interest rate. When comparing FHA to conventional, evaluate total cost including mortgage insurance, not just the interest rate.
A licensed MLO will review your situation and identify the right programs. NMLS# 1967971 · FL, TN, SC, CO, TX.
All content on this page is for informational and educational purposes only and does not constitute financial, legal, or mortgage advice. Loan programs, qualification requirements, and availability are subject to change without notice and vary by lender, borrower profile, property type, and market conditions. All loans are subject to credit approval. Not a commitment to lend. Speak with a licensed Mortgage Loan Originator for guidance specific to your situation. New Century Mortgage LLC · NMLS# 1967971 · Equal Housing Lender · NMLSConsumerAccess.org