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FHA Mortgage Rates

FHA rates remain fixed over the life of the loan. Lock in your best rate now by:

  • Completing our Short Form
  • Speaking with a mortgage professional now by calling 877-868-2503
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FHA Mortgage Rates as of Feb 3, 2012 *

Mortgage Products Rate APR Lock  
30-Year Fixed Conventional 3.625% 3.657% 30 Apply
20-Year Fixed Conventional 3.625% 3.780% 30 Apply
15-Year Fixed Conventional 3.125% 3.322% 30 Apply
30-Year FHA 3.625% 4.975% 30 Apply
30-Year Fixed Jumbo Mortgage 4.375% 4.474% 30 Apply
15-Year Fixed Jumbo Mortgage 3.500% 3.670% 30 Apply
10-Year Fixed Jumbo Mortgage 3.375% 3.621% 30 Apply
5/1-Year ARM Mortgage 2.375% 2.437% 30 Apply
5/1-Year Jumbo ARM Mortgage 2.750% 2.711% 30 Apply
7/1-Year Jumbo ARM Mortgage 3.125% 2.871% 30 Apply
10/1-Year Jumbo ARM Mortgage 3.875% 3.360% 30 Apply

Mortgage rates may change at any time due to market conditions. Actual rates are based on individual loan characteristics.

FHA fixed-rate mortgage loans are characterized by:

  • Interest rate that remains fixed over the life of the loan
  • Insured by the Federal Housing Administration (FHA)
  • lower maximum loan amounts than conventional mortgage loans
  • Fees that vary from conventional loans
  • Smaller down payment requirements
  • More liberal qualification guidelines


Advantages of FHA Loans

  • FHA mortgage rates have interest rates that are near all-time lows
  • FHA mortgages are options for borrowers who do not qualify for conventional loans due to less restrictive down payment and qualification standards
  • FHA mortgages can have down payments as low as 3.5%
  • Refinance borrowers with low loan-to-value (LTV) ratios may qualify for an FHA loan with no credit or income verification
  • FHA mortgage loans do require fees to cover the insurance provided by the government, yet all closing costs can be financed into the loan amount
  • Consider locking-in your interest rate. Mortgage rates can fluctuate any time the investment markets are open for trading. Consequently, the only way to protect your rate is to ask your lender to lock your rate. Once locked, your interest rate cannot increase or decrease during the lock period.

We are an Equal Housing Lender.

* All rates shown are for 30 day rate locks. Longer locks are available. The APR for FHA loan amounts is calculated using a loan amount of $295,000, one point, a $495 application fee, $450 appraisal fee, $799 underwriting fee, a $16 flood certification fee and a $20 credit report fee. The APR for conventional loan amounts is calculated using a loan amount of $417,000, 1 point, a $495 application fee, $400 appraisal fee, $799 underwriting fee, a $16 flood certification fee and a $20 credit report fee. The APR for jumbo loan amounts is calculated using a loan amount of $500,000, one point, a $495 application fee, $400 appraisal fee, $799 underwriting fee, a $16 flood certification fee and a $20 credit report fee. Some rates and fees may vary by state. All interest rates listed are for qualified applicants with 740 or higher FICO and 80 LTV and are subject to mortgage approval with full documentation of income. All rates are subject to change without notice.

All rates shown are for 30 day rate locks with 1 point unless otherwise noted.

Call a Total Mortgage expert now at 877-868-2503 to find out how we can customize a mortgage loan with some of the lowest current mortgage rates for you.

Get a Fast, Free, No Obligation Mortgage Rate Quote Today!