Top 5 FHA Bank Mortgage Lender Rates June 9, 2010
30 year FHA mortgage rates were mostly unchanged based on the survey of the top 5 FHA bank mortgage lenders performed by Findlocalmortgagerates.com June 9, 2010. The average FHA mortgage rate for a 30 year term home loan was down by 2.5 basis points from the previous week but the points charged to obtain that rate rose by 7.5 basis points. One basis point is equal to 1/100 of a percent.
The average 30 year FHA mortgage rate survey stood at 4.725% down from 4.75% in the prior week while the average pints charged was 0.825 points, up from 0.75 points in the preceding week.
FHA mortgage rates continue to be hovering around the same level as conforming loans. For example, Wells Fargo offers the same rate and points for a 30 year conforming loan and a 30 year FHA loan. Despite the same note rate, the APR on the two loans is different. FHA loans typically have slightly higher costs that result in a higher APR because of higher fees including mortgage insurance costs.
The top five bank mortgage lenders in this week’s survey included; Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage.
The results of the survey including the individual bank mortgage rates, points and APR’s are listed below.
Bank of America Home Loans offers the 30 year FHA mortgage rate at 4.50% with 1.5 points resulting in an APR of 4.673%.
Wells Fargo Home Loans markets the 30 year FHA loan at 4.750% with 1.0 point and a 5.497% APR.
US Bank’s 30 year FHA mortgage rate is 4.875% with no points and a 5.402% APR.
SunTrust Bank’s 30 year FHA mortgage rate is 4.625% with 1.625 points and a 5.129% APR.
HSBC Mortgage markets an FHA home loan with a 30 year terms with a mortgage rate of 4.875% with no points for a 5.057% APR.
The FHA mortgage rates listed are current as of this publication date but are subject to change by the mortgage lenders at their discretion without notice. All mortgage loans are subject to bank or mortgage lender approval. FHA mortgage rates listed are based on home loan amounts of approximately $200,000.00 for owner occupied, single family homes. Individual loan attributes such as property value, the borrower’s assets, income and credit profiles, as well as the geographic location may lead to different rates, points and APRs.
The bank FHA mortgage lenders listed offer a variety of mortgage loan options and mortgage loan programs. For more information on the mortgage lenders listed and current FHA mortgage rates, the contact numbers are:
Bank of America 800-586-9861
Wells Fargo Home Loans 877-937-9357
US Bank 888-831-7524
SunTrust Mortgage 800-634-7928
HSBC Mortgage 800-975-4722
Top FHA Mortgage Lender Rates May 26, 2010
FHA mortgage rates surveyed by Findlocalmortgagerates.com for the week ending May 26, 2010 were up modestly for the first time in three weeks. The average FHA mortgage rate from the top five bank mortgage lenders including Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage was higher for both the mortgage rate and points charged to obtain the mortgage rate.
The overall cost to obtain a 30 year fixed rate FHA home loan was 4.750% on average, up from last week’s average FHA rate of 4.70%. The average points charged rose to 0.75 points from 0.575 points in the prior week.
The list below displays current FHA mortgage interest rates from the top FHA bank mortgage lenders in the U.S.
Bank of America Home Loans has a 30 year FHA mortgage rate of 4.50% with 1.0 point and an APR of 4.622%.
The 30 year FHA mortgage rate at Wells Fargo Home Loan is 4.875% with 1.0 point and a 5.63% APR.
US Bank promotes the 30 year FHA mortgage rate at 4.875% with zero points and an APR of 5.402%.
SunTrust Bank offers a 30 year FHA mortgage rate of 4.625% with 1.75 points and a 5.141% APR.
HSBC Mortgage has a 30 year fixed FHA home loan rate of 4.875% with no points and an APR at 5.067%.
Federal Housing Administration or FHA is part of governments Housing and Urban Development agency or HUD which insures theses home loans that are offered and funded by the mortgage lenders listed. The FHA lending guidelines are established to offer loans that have low down payment requirements, low closing costs and easier credit qualifications.
The down payment on these home loans can be as low as 3.5% of the purchase price, the mortgage rates compare favorably with conventional loans and most of the closing costs and fees charged by the bank or mortgage lender can be included in the loan amount.
Mortgage rates are current as of this publication date but are subject to change without notice. All mortgage loans are subject to bank or mortgage lender approval. FHA mortgage rates listed are based on home loan amounts of approximately $200,000.00 for owner occupied, single family homes. Individual loan attributes such as property value, the borrower’s assets, income and credit profiles, as well as the geographic location may lead to different rates, points and APRs.
The bank FHA mortgage lenders listed offer a variety of mortgage loan options and mortgage loan programs. For more information on the mortgage lenders listed and current FHA mortgage rates, the contact numbers are:
Bank of America 800-586-9861
Wells Fargo Home Loans 877-937-9357
US Bank 888-831-7524
SunTrust Mortgage 800-634-7928
HSBC Mortgage 800-975-4722
Top FHA Mortgage Rates May 21, 2010
FHA mortgage rates have continued to move measurably lower this week and are now at the lowest rates for the year. Based on the current survey of FHA mortgage rates from Findlocalmortgagerates.com, the average 30 year fixed rate FHA loan has a mortgage rate of 4.700% with 0.575 points. The current FHA mortgage rate from the top five FHA bank mortgage lenders is down from last week’s average rate of 4.95% with 0.70 points.
FHA loans are government insured loans through the US Department of Housing and Urban Development. The Federal Housing Administration (FHA) and the U.S. Department of Veterans Affairs (VA) offer government insured mortgage loans through approved mortgage lenders. These home loans have features that usually make theses mortgage loans easier for first-time home buyers to obtain. The 30-year fixed rate mortgage remains one of the most popular loans for both conventional home financing and FHA loans.
Home loan borrowers who have existing FHA mortgages may want to consider the streamline refinance programs or conventional refinance programs for those borrowers interested in refinancing their existing VA or FHA Mortgage for a lower mortgage rate or to obtain cash out at these historically low mortgage rates.
The list below displays current FHA mortgage interest rates from the top FHA bank mortgage lenders in the U.S. including Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage.
Mortgage rates, points and closing costs may vary based on loan features, geography and/or other terms and conditions. Mortgage rates, points and closing costs are subject to change without notice.
The 30 year FHA mortgage rate at Bank of America Home Loans is now at 4.50% with 0.75 points with an APR of 4.607%.
Wells Fargo Home Loan offers the 30 year FHA mortgage rate at 4.75% with 1.0 point and an APR of 5.497%.
The current 30 year FHA mortgage rate with US Bank is at 4.625% with no points and a 5.271% APR.
SunTrust Bank has a 30 year FHA mortgage rate of 4.875% and 1.125 points with an APR of 5.083%.
HSBC Mortgage has dropped their 30 year fixed rate FHA home loan to 4.875% with no points and an APR at 5.067%.
All mortgage loans are subject to bank or mortgage lender approval. FHA mortgage rates listed are based on home loan amounts of approximately $200,000.00 for owner occupied, single family homes based in Illinois.
The mortgage lenders listed offer a variety of repayment terms and mortgage loan options for FHA loans as well as other mortgage loan programs. For more information on the mortgage lenders listed and current FHA mortgage rates, the contact numbers are:
Bank of America 800-586-9861
Wells Fargo Home Loans 877-937-9357
US Bank 888-831-7524
SunTrust Mortgage 800-634-7928
HSBC Mortgage 800-975-4722
Mortgage Rates in Ohio May 20, 2010
This week’s midweek mortgage rates survey is on 30 year fixed rate mortgages and 15 year fixed rate mortgages in Ohio. The mortgage rates listed come from two of the largest bank mortgage lenders based in Ohio, Third Federal Savings and FirstMerit Bank, as well as two of the largest bank mortgage lenders in the nation, Chase Bank and Bank of America.
These are mortgage rates for 15 and 30 year fixed rate home loans. A fixed rate mortgage has an interest rate that won’t change for the life of the loan which provides a secure fixed interest rate and payment.
The following mortgage rates in Ohio are for May 20, 2010.
Third Federal offers a 30 year fixed rate mortgage with a rate of 4.60% and no points with a 4.692% APR.
Third Federal offers the 15 year loan with a mortgage rate of 3.95% and no points and an APR of 4.108%.
The mortgage rates in Ohio are available with the bank’s automatic account payment program.
FirstMerit Bank has a 30 year fixed rate home loan with an interest rate of 4.75% with no points and a 4.829% APR.
FirstMerit’s 15 year mortgage rate in Ohio is at 4.125% with no points and 4.259% APR.
Bank of America Home Loans current 30 year mortgage rate in OH is 4.75% with 1.0 point and a 4.866% APR.
Bank of America promotes a 15 year mortgage rate at 4.125% and 0.875 points with a 4.306% APR.
Chase Bank mortgage rates in Ohio for a 30 year are at 4.875% with 0.25 points and a 4.953% APR while the 15 year mortgage rate is at 4.25% with 0.375 points and a 4.401% APR.
Listed Ohio mortgage rates assume a 20% down on a single family, owner occupied home. Mortgage rates for purchases with lower down payments and mortgage rates for refinance transactions are also available form these mortgage lenders.
The mortgage interest rates, annual percentage rates (APRs) and points shown are subject to change without notice.
Prospective borrowers can use the APRs listed as a guideline to shop for mortgage loans but borrowers should generally not depend solely on the APR in choosing the best home loan. The mortgage loan APR is an effective interest rate and not the actual interest rate that the loan payments are based on. The monthly mortgage payments will be based on the actual mortgage interest rate, the amount borrowed, and the term of the home loan.
These rates are for general comparisons, actual rates may vary best on down payment, credit, and property characteristics. For additional mortgage rate information from these lenders, the contact numbers are as follows:
FirstMerit Bank mortgage department number is 1-800-562-6694
Chase Mortgage can be reached at 1-800-873-6577
Bank of America Home Loans can be reached at 1-888-233-4124
Third Federal Savings customer service is available at 1-800-844-7333
Top Five Mortgage Lenders Rates May 3, 2010
Mortgage rates from the top five bank mortgage lenders dropped rather measurably for the week ending May 7, 2010 according to the most recent survey of mortgage rates performed by Findlocalmortgagerates.com.
The average mortgage rate on a 30 year fixed rate mortgage loan from the top five mortgage lenders closed out the week at 5.00% with 0.475 points. This is a reduction in the average 30 year fixed rate mortgage of ten basis points or 10/100 of a percent. In the previous week, the average 30 year fixed rate came in at 5.10%. The amount of points charged by these mortgage lenders to obtain the rate was unchanged week over week.
With mortgage rates remaining quite low throughout most of this year thus far, a drop of this magnitude is fairly significant. Of course, market turbulence in the past few weeks brought on by the problems with the financial debt troubles in Greece has driven funds into safe investments such as U.S. Treasuries and mortgage backed securities. The ten year Treasury bond, which is one of the best barometers on the direction of mortgage rates, ( the best barometer being the rates on actual mortgage backed securities ) moved from a yield of 3.72% on Monday May 3rd to 3.57% on Friday may 7th. An interest rate reduction of that magnitude is not enough seen in just one week in the Treasury markets.
One concern regarding investor turmoil and the future direction of mortgage rates is that once the concerns regarding market instability subsides funds will flow into commodities and stocks and out of Treasuries and mortgage backed securities, reversing the direction of mortgage rates and subsequently driving rates higher. This outcome for mortgage rates is highly likely, however, the rate increases in the coming weeks will most likely be mild.
The top five mortgage lenders in this week’s survey of the 30 year fixed rate mortgages continues to include the rates of Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank. These bank mortgage lenders are also the five largest banks in the U.S. based on assets.
The mortgage rates from these individual mortgage lenders in this week’s survey for the 30 year fixed rate home loan were as follows:
Chase Bank Mortgage’s 30 year fixed rate home loan has a mortgage interest rate of 5.125% with 0.375 points and a 5.215% APR.
Bank of America Home Loans has the 30 year fixed rate mortgage at 4.875% with 1.0 point and a 4.993% APR.
Citibank’s offers a 30 year fixed rate mortgage at 5.125% with no points and an APR of 5.261%.
Wells Fargo Home Loans markets the 30 year fixed rate mortgage loan at 4.875% and 1.0 point for a 5.065% APR.
US Bank has a 30 year fixed rate home loan with a mortgage rate of 5.000% and no points with a 5.066% APR.
There are a number of other mortgage loan options available from these mortgage lenders including additional rate and point options. The mortgage rates, points and APRs listed are subject to change. The mortgage rates, points and APRs in the survey are for a home loan of between $200,000.00 and $275,000.00 on a single family owner occupied home with a minimum 20% down payment. These mortgage rates are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed.
For additional information on these mortgage rates, the mortgage lenders can be reached directly at the following numbers:
Chase Bank 800-873-6577
Bank of America 888-233-4124
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
FHA Mortgage Rate Survey May 5, 2010
Mortgage rates on 30 year FHA home loans were down rather significantly this week. Based on this week’s survey of FHA mortgage rates performed by Findlocalmortgagerates.com, the average FHA mortgage rate this week is 4.95%. This week’s average FHA rate is 12.5 basis points or 12/100 of a percent lower than the previous week’s FHA home loan rate of 5.075%.
The average points charged by the mortgage lenders in the survey to obtain this mortgage rate rose modestly to 0.70 points from the previous week’s average points of 0.625.
Reports on FHA loan volume continue to show an increased share of all loan originations are FHA loans. CNBC reported this morning that the figure is 50% of current home loans originated are FHA loans. FHA loans continue to offer flexible credit and qualifying standards as well as low down payments relative to the conventional mortgage market giving these loans a larger potential market to serve.
An additional significant factor in the rise in FHA loans is also the attractive mortgage interest rates and loan terms. The most recent survey on conventional 30 year fixed rate mortgages indicated an average rate of 5.10% and 0.475 points, modestly higher than the FHA loan rate.
FHA home loans are also not limited to first time home buyers and can be used to refinance an existing mortgage to lower the interest rate and payment, or save interest costs by shortening the term, or an FHA mortgage can even be used as a cash out refinance to help consolidate debt or pay for an education and more.
The largest FHA mortgage lenders in this week survey on 30 year fixed rate FHA mortgage rates included: Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage. For added comparisons of current FHA mortgage rates, the rates listed below also includes rates from TD Bank, which makes loans only in specific regions, and Bank of the West.
The current 30 year FHA mortgage rate at Bank of America Home Loans is 4.750% with 1.25 points and a 4.897% APR.
The current 30 year FHA mortgage rate at Wells Fargo Home Loan is 5.000% with 1.0 point with a 5.762% APR.
The US Bank FHA 30 year mortgage rate is at 5.00% with no points and an APR of 5.531%.
SunTrust Bank markets the 30 year FHA mortgage with an interest rate of 4.875% and 1.25 points with an APR of 5.449%.
HSBC Mortgage’s current 30 year fixed rate FHA home loan has a rate of 5.125% with no points and a 5.440% APR.
Bank of the West offers the 30 year FHA mortgage at 5.00% with 0.50 points for a 5.618% APR.
TD Bank has a 30 year FHA mortgage rate of 4.75% and no pints with an APR at 5.187%.
The mortgage interest rates, annual percentage rates (APRs) and discount points listed are current as of this publication but are subject to change without notice. The 30 year fixed rate FHA mortgage rates are based on home loan amounts of approximately $200,000.00 for owner occupied, single family homes based in Illinois. All mortgage loans are subject to bank or mortgage lender approval.
There are a variety of repayment terms and loan options available from these mortgage lenders. For more information on the mortgage lenders listed and current FHA mortgage rates, the contact numbers are:
Bank of America 800-586-9861
Wells Fargo Home Loans 877-937-9357
US Bank 888-831-7524
SunTrust Mortgage 800-634-7928
HSBC Mortgage 800-975-4722
TD Bank 800-937-5020
Bank of the West 800-488-2265
Top Five Mortgage Lenders Rates May 3, 2010
Mortgage interest rates remained in neutral for the week ending April 30th, 2010. However, the average points charged to obtain this mortgage rate by the top five bank mortgage lenders decreased slightly for the week. Average mortgage rates and points are based on the weekly survey of the largest US bank mortgage lenders performed by Findlocalmortgagerates.com.
The average rate on a 30 year fixed rate mortgage loan ended the week at 5.10%, the same rate as in the previous week’s mortgage rate survey. The average points charged to obtain that rate was 0.475 points, down juts slightly from last week’s average points charged of 0.50 points.
The top five mortgage lenders in this week’s survey of the 30 year fixed rate mortgages includes Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank. These bank mortgage lenders are also the five largest banks in the U.S. based on assets. The following data contains the results of the survey for these mortgage lenders for the 30 year home loan.
Chase Bank Mortgage has a 30 year fixed loan with a mortgage rate of 5.25% and 0.125 points and a 5.318% APR.
Bank of America Home Loans has the 30 year at 5.000% with 0.875 points witha 5.136% APR.
Citibank’s 30 year fixed rate mortgage is at 5.125% with 0.375 points and an APR of 5.329%.
Wells Fargo Home Loans has a 30 year fixed rate loan at 5.000% and 1.0 point for a 5.191%
US Bank’s 30 year fixed home loan at 5.125% and no points with a 5.192% APR.
The 30 year fixed rate home loan is the most popular mortgage financing option. This loan type generally gains in popularity when interest rates are low which narrows the difference in rates between adjustable rate mortgages and fixed rate loans. When rates are low, many borrowers also believe the most likely direction for mortgage rates in the future is higher and any advantage with the initial lower rate found in adjustable rate mortgages will be lost when rates increase and the adjustable rates adjust higher as well.
Many other mortgage loan options are available from these mortgage lenders including additional rate and point options for the loan types listed. The loan rates listed are for home purchase transactions, refinance rates may vary from purchase rates.
The mortgage rates, points and APRs listed are subject to change. The mortgage rates, points and APRs in the survey are for a home loan of between $200,000.00 and $275,000.00 on a single family owner occupied home with a minimum 20% down payment. These mortgage rates are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed.
For additional information on these mortgage rates, the mortgage lenders can be reached directly at the following numbers:
Chase Bank 800-873-6577
Bank of America 888-233-4124
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
Current FHA Mortgage Rates April 22, 2010
The average rate for 30 year fixed rate FHA home loans were modestly lower this week based on the most recent survey of FHA mortgage lenders performed by Findlocalmortgagerates.com. The average FHA mortgage rate from the largest mortgage lenders was down by ten basis points or 10/100 of a percent for the week.
The average FHA mortgage rate this week stands at 5.05% with 0.725 points down from the prior week’s average FHA mortgage rate of 5.15% and 0.525 points.
The largest mortgage lenders in the survey includes: Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage. Of the largest mortgage lenders, three of the five reduced their mortgage rates while the other two lenders held their rates stable for the week.
The current FHA mortgage rates, points and APRs on a 30 year fixed rate loan from the top five mortgage lenders included the following:
The 30 year FHA mortgage at Bank of America Home Loans is now 4.875% with 1.0 point and a 5.021% APR. The 30 year fixed rate FHA Home loan at Wells Fargo Home Loan has a rate of 5.125% with 1.0 point and an APR of 5.897%. Bank of America reduced their rate from the previous week while Wells Fargo held their rate steady. Bank of America and Wells Fargo are by far the largest bank mortgage lenders by volume as of the close of 2009.
HSBC Mortgage has 30 year fixed rate FHA loan at 5.125% with no points and a 5.310% APR.
US Bank markets an FHA mortgage rate for a 30 year term at 5.250% and no points with a 5.792% APR.
SunTrust Bank’s 30 year FHA mortgage rate is now at 4.875% with 1.625 points resulting in a 5.484% APR.
FHA loans are available for first time buyers as well as other consumers purchasing a new home or seeking to refinance an existing home loan. FHA loans cannot be used for investment properties or second homes nor can a borrower have more than one FHA mortgage except under extraordinary circumstances.
The FHA mortgage rate survey results are based on mortgage loan amounts of approximately $200,000.00 for owner occupied, single family homes based in Illinois. The mortgage rates and points listed are current as of this publication date but are not guaranteed and are subject to change. All home loans are subject to bank or mortgage lender approval, additional conditions will apply.
For current FHA mortgage rates and loan terms from the FHA mortgage lenders listed, the following phone numbers may be used:
Bank of America 800-551-7975
Wells Fargo Home Loans 877-937-9357
US Bank 888-831-7524
SunTrust Mortgage 800-634-7928
HSBC Mortgage 800-975-4722
Mortgage Rates from the top Bank Mortgage Lenders April 19, 2010
Mortgage rates on the 30 year fixed rate home loan from the top bank mortgage lenders was down measurably for the week ending April 16, 2010 based n the most recent survey of mortgage rates performed by Findlocalmortgagerates.com.
The average rate on the 30 year fixed rate was down by just over seven basis points or 7/100 of a percent bringing the average rate on the 30 year fixed rate home loan down to 5.125%. The average points charged on these mortgage loans was also lower, falling from an average of 0.60 points last week to 0.375 points for the most recent data.
The top bank mortgage lenders in survey, which included Chase Bank, Bank of America, Citibank, Wells Fargo Bank and US Bank, all dropped their mortgage rates over the past week.
Mortgage rates for a 30 year fixed rate home loan from the largest bank mortgage lenders in the survey included the following rates, points and APRs:
Chase Bank Mortgage is offering a 30 year at 5.250% and no points with a 5.307% APR.
Bank of America Home Loans markets a 30 year at 5.000% with 0.875 points resulting in a 5.119% APR.
Citibank’s 30 year is 5.250% with no points and a 5.421% APR.
Wells Fargo Home Loans is offering the 30 at 5.000% and 1.00 point for a 5.191% APR.
US Bank promotes their 30 year fixed at 5.1250% and no points with a 5.192% APR.
As with many bank rates, mortgage rates will have a tendency to closely follow Treasury rates. Treasury rates had begin to climb starting in March of this year but have given back much of the gain in April. Hence, mortgage rates also climbed in March and early April and now are giving back some of that gain and we are seeing mortgage rates come back down at least moderately.
The mortgage rates, points and APRs listed are subject to change. These mortgage rates are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed. All mortgage loans and mortgage rates will require bank approval.
The mortgage rates, points and APRs in the survey are for a home loan of between $200,000.00 and $275,000.00 on a single family owner occupied home with a minimum 20% down payment.
Additional mortgage rates and point options are available from these lenders for the 30 year fixed rate home loan; in addition, these lenders offer a variety of other loan terms and mortgage products.
The bank mortgage lenders listed can be reached at the following numbers to obtain additional home loan information and current mortgage rates:
Chase Bank 800-873-6577
Bank of America 800-551-7975
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
Today’s FHA Mortgage Rates March 23, 2010
Since FHA loans have skyrocketed in popularity over the past 24 months reviewing the mortgage rates and costs to obtain these loans has become increasingly important for more and more existing homeowners and potential homeowners.
Findlocalmortgagerates.com performs a weekly survey of the top bank mortgage lenders to monitor and review FHA loan rates and loan programs.
The following mortgage rates are for FHA loans or government loans which are backed by the Federal Housing Administration (FHA). Current FHA mortgage rates form the largest US banks include:
Bank of America Home Loans offers a 30 year fixed rate FHA loan that has a mortgage rate of 5.00% and 0.625 points with an APR of 5.125%.
Wells Fargo Home Mortgage offers a 30 year fixed rate FHA home loan with a mortgage rate of 5.000% with 1.0 points and an APR of 5.717%.
HSBC Mortgage rate on a 30 year FHA is at 5.000% with no points and a 5.183% APR.
SunTrust Mortgage has a 30 year FHA home loans with a mortgage rate of 4.750% and 1.250 points resulting in a 5.318% APR.
US Bank 30 year fixed rate FHA loan has a rate of 5.000% with no points and a 5.531% APR.
FHA home loans offer underwriting and loan approval features that make these mortgage loans easier for first time home buyers to qualify for. FHA loans are available for first time home buyers or homebuyers who are selling a home to buy another or to refinance an existing owner occupied property. The features that make an FHA to qualify for include: low down payment requirements and flexible credit guidelines.
Mortgage Rates listed are effective as of this publication date. Loan programs, rates, terms and conditions are subject to change without notice. The accuracy of the home mortgage details for these mortgage lenders is not guaranteed.
FHA mortgage rates listed are for owner occupied single family primary residences. Home loan rates, origination and discount points and closing costs may vary based on loan features, property type and location as well as other terms and conditions. Restrictions may apply. All loans are subject to bank approval.
Contact information for the bank mortgage lenders listed:
Bank of America Home Loans 1-800-551-7975
Wells Fargo Home Mortgage 1-877-937-9357
US Bank 1-888-831-7524.
SunTrust Mortgage 1-800-634-7928
HSBC Mortgage 1-800-333-7023