Today's average rate
30-year fixed rate:APR 6.877%
-0.05%
Today
-0.42%
Over 1y
15-year fixed rate:APR 6.230%
+0.10%
Today
-0.24%
Over 1y
5-year ARM rate:APR 7.693%
-0.03%
Today
-0.35%
Over 1y

Compare Today's FHA Mortgage Rates

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners and here's how we make money.

Why do you want a home loan?
Showing: Purchase, Good (720-739), 30-year fixed, Single family home, Primary residence, FHA loans. 
Showing: Purchase, Good (720-739), 30-year fixed, Single family home, Primary residence, FHA loans. 
License information

5 results:

30-year fixed

License information
Simplist: NMLS#1764611
Simplist
4.5
Lowest APR
Lowest monthly payment
FHA 30-year fixed
APR
6.261%
Interest rate
5.75%
Mo. payment
$2,376
Insurance $166
Total fees
$6,130
EXPLORE QUOTE
on Simplist
About this lender
Visit lender's website
Pros
  • Loan origination process can be completed online.
  • Offers government-backed FHA and VA loans.
  • Offers module that compares mortgage rates among other lenders.
Cons
  • Offers loans in many states and Washington, D.C., but not nationwide.
  • Does not offer home equity loans or lines of credit.
SimplistSimplist: NMLS#1764611
4.5
Lowest APR
Lowest monthly payment
FHA 30-year fixed
APR
6.261%
Interest rate
5.75%
Mo. payment
$2,376
Insurance $166
Total fees
$6,130
EXPLORE QUOTE
on Simplist
About this lender
Visit lender's website
Pros
  • Loan origination process can be completed online.
  • Offers government-backed FHA and VA loans.
  • Offers module that compares mortgage rates among other lenders.
Cons
  • Offers loans in many states and Washington, D.C., but not nationwide.
  • Does not offer home equity loans or lines of credit.
Northpointe: NMLS#447490
Northpointe
4.0
FHA 30-year fixed
APR
6.52%
Interest rate
6%
Mo. payment
$2,441
Insurance $166
Total fees
$7,183
EXPLORE QUOTE
About this lender
Call (866) 356-0885|
Visit lender's website
Pros
  • A full slate of loan offerings.
  • Offers a no-down-payment loan with a shorter repayment term that helps accelerate home equity accumulation.
  • Digital conveniences include a mobile app.
Cons
  • You’ll need to provide contact information or speak to a loan officer for customized mortgage rates.
  • Origination fees are on the high side, according to the latest data.
NorthpointeNorthpointe: NMLS#447490
4.0
FHA 30-year fixed
APR
6.52%
Interest rate
6%
Mo. payment
$2,441
Insurance $166
Total fees
$7,183
EXPLORE QUOTE
About this lender
Call (866) 356-0885|
Visit lender's website
Pros
  • A full slate of loan offerings.
  • Offers a no-down-payment loan with a shorter repayment term that helps accelerate home equity accumulation.
  • Digital conveniences include a mobile app.
Cons
  • You’ll need to provide contact information or speak to a loan officer for customized mortgage rates.
  • Origination fees are on the high side, according to the latest data.
New American Funding: NMLS#6606
New American Funding
4.5
Great for first-time home buyers | customer serviceFHA 30-year fixed
APR
6.683%
Interest rate
6.125%
Mo. payment
$2,473
Insurance $166
Total fees
$8,629
EXPLORE QUOTE
on New American Funding
About this lender
Call (888) 978-8131|
Visit lender's website
Pros
  • Offers a wide variety of purchase and refinance mortgages with an emphasis on helping underserved communities.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
  • Dedicates a significant portion of its business to FHA lending.
Cons
  • FHA mortgage origination fees and interest rates tend to be on the high end, according to the latest federal data.
New American FundingNew American Funding: NMLS#6606
4.5
Great for first-time home buyers | customer serviceFHA 30-year fixed
APR
6.683%
Interest rate
6.125%
Mo. payment
$2,473
Insurance $166
Total fees
$8,629
EXPLORE QUOTE
on New American Funding
About this lender
Call (888) 978-8131|
Visit lender's website
Pros
  • Offers a wide variety of purchase and refinance mortgages with an emphasis on helping underserved communities.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
  • Dedicates a significant portion of its business to FHA lending.
Cons
  • FHA mortgage origination fees and interest rates tend to be on the high end, according to the latest federal data.
NBKC: NMLS#409631
NBKC
5.0
Great for first-time home buyers | digital convenience | customer serviceFHA 30-year fixed
APR
7.015%
Interest rate
6.49%
Mo. payment
$2,570
Insurance $166
Total fees
$6,889
EXPLORE QUOTE
on NBKC
About this lender
Call (888) 871-2381|
Visit lender's website
Pros
  • Offers FHA purchase, streamline and cash-out refinance loans.
  • Offers low rates and fees for FHA loans compared with other lenders, according to the latest federal data.
  • Displays customized rates, with fee estimates, without requiring contact information.
Cons
  • Branches for in-person service are limited to the Kansas City metro area.
NBKCNBKC: NMLS#409631
5.0
Great for first-time home buyers | digital convenience | customer serviceFHA 30-year fixed
APR
7.015%
Interest rate
6.49%
Mo. payment
$2,570
Insurance $166
Total fees
$6,889
EXPLORE QUOTE
on NBKC
About this lender
Call (888) 871-2381|
Visit lender's website
Pros
  • Offers FHA purchase, streamline and cash-out refinance loans.
  • Offers low rates and fees for FHA loans compared with other lenders, according to the latest federal data.
  • Displays customized rates, with fee estimates, without requiring contact information.
Cons
  • Branches for in-person service are limited to the Kansas City metro area.
Rocket Mortgage, LLC: NMLS#3030
Rocket Mortgage, LLC
5.0
Great for digital convenience | customer serviceFHA 30-year fixed
APR
8.144%
Interest rate
7.49%
Mo. payment
$2,844
Insurance $166
Total fees
$11,070
EXPLORE QUOTE
on Rocket Mortgage, LLC
About this lender
Visit lender's website
Pros
  • Streamlined online process with document and asset retrieval capabilities, as well as the ability to edit your preapproval letter.
  • FHA mortgage interest rates are on the low side compared to other lenders, according to the latest federal data.
  • Was the top lender by loan volume for FHA mortgages in 2022, according to the latest federal data.
Cons
  • Origination fees for FHA loans are on the high side compared with other lenders, according to the latest federal data.
Rocket Mortgage, LLCRocket Mortgage, LLC: NMLS#3030
5.0
Great for digital convenience | customer serviceFHA 30-year fixed
APR
8.144%
Interest rate
7.49%
Mo. payment
$2,844
Insurance $166
Total fees
$11,070
EXPLORE QUOTE
on Rocket Mortgage, LLC
About this lender
Visit lender's website
Pros
  • Streamlined online process with document and asset retrieval capabilities, as well as the ability to edit your preapproval letter.
  • FHA mortgage interest rates are on the low side compared to other lenders, according to the latest federal data.
  • Was the top lender by loan volume for FHA mortgages in 2022, according to the latest federal data.
Cons
  • Origination fees for FHA loans are on the high side compared with other lenders, according to the latest federal data.

About These Rates: The lenders whose rates appear on this table are NerdWallet’s advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender’s site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner’s assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.

A Beginner’s Guide to FHA Loans
Last updated on November 18, 2024
Holden Lewis
Written by 
Holden Lewis
Senior Writer/Spokesperson
Michelle Blackford
Reviewed by 
Michelle Blackford
Jeanette Margle
Edited by 
Jeanette Margle
Lead Assigning Editor
Fact Checked
Holden Lewis
Written by 
Holden Lewis
Senior Writer/Spokesperson
Michelle Blackford
Reviewed by 
Michelle Blackford
Jeanette Margle
Edited by 
Jeanette Margle
Lead Assigning Editor
Fact Checked

What is an FHA loan?

An FHA loan is a mortgage insured by the Federal Housing Administration. FHA-insured mortgages are available with a 3.5% down payment for borrowers with credit scores of 580 or higher. (You can use gift money toward the down payment, too.)

FHA loans are well-suited for home buyers who have little saved for a down payment, credit challenges or both. FHA loans are popular among first-time home buyers, but you don’t need to be a first-time home buyer to be eligible for an FHA loan.

» MORE: What to know about FHA loans

FHA loans can be used for purchases and refinances for a variety of home types, including single-family houses, two- to four-unit multifamily buildings, condominiums and manufactured homes that are attached to a permanent foundation. Both fixed-rate and adjustable-rate mortgages are available.

» MORE: Compare FHA loans and conventional mortgages

How to find FHA interest rates today

NerdWallet’s mortgage rate tool can help you find a competitive FHA loan interest rate today that is tailored to meet your needs. At the top of this page, select or tap "More" to see the relevant filter, and choose "I'm eligible" under "FHA Loan Eligibility." After updating, you can see an interest rate quote without providing personal information.

What is a good interest rate on an FHA loan?

You can save money by comparison shopping because each lender offers its own combination of interest rate and fees.

Once you’re approved, each lender will provide you with a Loan Estimate form. This will let you compare interest rates, origination fees and closing costs. Comparing Loan Estimates from more than one lender will give you confidence that you’re getting the right loan for your situation.

🤓

Nerdy Tip

Want a lower mortgage rate? See if your credit needs work. Typically, the lowest rates go to borrowers with the highest credit scores. Paying down debt could make you a more favorable borrower and qualify for a lower rate, too.

» MORE: What’s the credit score you need to buy a house?

FHA loan pros and cons

Pros

  • Down payment requirement as low as 3.5%
  • Allows gift money for down payments
  • Accepts history of weak or damaged credit
  • Options to finance affordable homes, like manufactured homes or fixer-uppers

Cons

  • Mortgage insurance required for 11 years or the life of the loan (depending on down payment size)
  • Requires an FHA appraisal, which is more rigorous than a conventional appraisal

Learn more about FHA loans:

About the author: Holden is NerdWallet's authority on mortgages and real estate. He has reported on mortgages since 2001, winning multiple awards.

Check out our other mortgage and refinance tools

Lenders

Get pre-approved

Get your true budget and find a home with ease.
Agents

Find a real estate agent

Get matched with a top agent in your area.
Calculator

Calculate your mortgage

Figure out your estimated payments the easy way.
Calculator

Should You Refinance

Calculate how much you can save by refinancing
Explore more quotes

Mortgage rates by loan type

30-year-fixed mortgage rates
20-year-fixed mortgage rates
15-year-fixed mortgage rates
10-year-fixed mortgage rates
7-year-arm mortgage rates
5-year-arm mortgage rates
3-year-arm mortgage rates
10-year-arm mortgage rates
Condo mortgage rates
Conventional mortgage rates
Investment property mortgage rates
Second home mortgage rates
FHA mortgage rates
VA mortgage rates
Jumbo mortgage rates

Mortgage and refinance rates by state

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming