FHA Mortgage Rates Today
FHA loans make homeownership accessible with lower down payments and flexible credit requirements. See current FHA rates.
With credit score of 580+
For 3.5% down payment option
Can be rolled into the loan
FHA vs. Conventional Loans
| Feature | FHA | Conventional |
|---|---|---|
| Min. Down Payment | 3.5% | 3-5% |
| Min. Credit Score | 580 | 620 |
| Mortgage Insurance | Required (life of loan) | Removable at 80% LTV |
| Debt-to-Income Ratio | Up to 57% | Up to 50% |
| Loan Limits (2026) | $498,257 | $766,550 |
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Compare with conventional 30-year fixed rates.
Frequently Asked Questions
What is an FHA loan?
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. It allows lower down payments (as low as 3.5%) and more flexible credit requirements than conventional loans.
What credit score do I need for an FHA loan?
FHA loans require a minimum credit score of 580 for 3.5% down payment. Scores between 500-579 may qualify with 10% down. Many lenders have their own minimums, typically 580-620.
What is FHA mortgage insurance?
FHA loans require both an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount and annual MIP of 0.55% for most borrowers. Unlike PMI on conventional loans, FHA MIP lasts the life of the loan.
Are FHA rates lower than conventional rates?
FHA interest rates are often slightly lower than conventional rates for the same credit score. However, the required mortgage insurance premiums can make the total cost higher than a conventional loan for borrowers with good credit.