FHA Mortgage Rates from the Top 5 FHA Bank Mortgage Lenders July 1, 2010
Long term FHA mortgage rates moved lower for the week based on the most recent survey of the top FHA bank mortgage lenders completed by Findlocalmortgagerates.com on July 1, 2010. The rate on the 30 year fixed rate FHA home loan dropped down to 4.675% this week. The average points charged to obtain that rate was also lower at 0.65 points.
The average 30 year FHA mortgage rate from the top 5 FHA bank mortgage lenders came in at 4.675% with 0.65 points and an APR of 5.106%.
FHA mortgage rates continued to drop along with conventional loan rates and the Treasury rates. Mortgage rates closely track the rates of the widely followed ten year Treasury bond and the ten year closed at its lowest level of the year, portending lower rates in the immediate future.
The top five bank mortgage lenders in the FHA mortgage rate survey include; 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’s 30 year FHA mortgage rate is 4.625% with 1.0 point with an APR of 4.780%.
Wells Fargo Home Loans offers the 30 year FHA mortgage loan with a mortgage rate of 4.625% and 1.0 point with a 5.364% APR.
US Bank markets the 30 year FHA mortgage rate at 4.750% with no points and a 5.271% APR.
SunTrust Bank’s 30 year FHA mortgage has a mortgage rate of 4.625% with 1.25 points and a 5.186% APR.
HSBC Mortgage has an FHA home loan with a mortgage rate of 4.750% with no points and an APR of 4.931%.
Long term FHA mortgages are designed to provide low down payment financing and are one of the few options available for home buyers trying to finance a new home with as little cash as possible. The fixed rate mortgage provides a borrower with the security of a monthly payment that won’t change over the life of the life of the loan.
Mortgage rates listed are for owner occupied single family primary residences for loan amounts of $200,000.00. Mortgage loan programs, mortgage rates, terms and conditions are subject to change without notice. All loans require bank approval, additional conditions and some restrictions may apply.
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 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
FHA Mortgage Rates Missouri May 26, 2010
FHA mortgages are becoming the largest single segment of the home loan industry in 2010. Shopping and comparing FHA mortgage rates is a critical step for any new home buyer prior to choosing a mortgage lender and submitting a loan application.
Findlocalmortgagerates.com surveys mortgage rates from bank mortgage lenders across the U.S. for a variety of mortgage loan products. Weekly FHA mortgage rates are published in these pages every Wednesday from the top five bank mortgage lenders and every other week we survey and produce the mortgage rates from select bank mortgage lenders for individual states.
Today’s survey data is for 30 year fixed rate FHA mortgage rates in Missouri from two of the largest bank mortgage lenders nationwide, Wells Fargo Mortgage and Bank of America as well as two of the largest Missouri based banks, Commerce Bank and North American Savings Bank.
The current FHA mortgage rates offered by the two of the largest bank mortgage lenders, Wells Fargo and Bank of America, include:
Wells Fargo has a 30 year FHA loan with a mortgage rate of 4.875% with a 1.0 point origination fee and an APR of 5.630%.
Bank of America offers a 30 year FHA mortgage rate of 4.50% and 1.0 point origination fee and a 4.622% APR.
The current FHA mortgage rates offered by the two bank mortgage lenders based in Missouri, Commerce Bank and North American Savings Bank, include:
Commerce Bank’s 30 year FHA mortgage rate is 5.00% with zero points and a 5.443% APR.
North American Savings Bank offers the 30 year fixed rate FHA loan with a mortgage rate of 4.75% and no points with an APR of 5.347%.
Mortgage loan APRs on FHA loans are impacted by the costs of loan including points, mortgage insurance, loans fees and the interim interest which is based on the date of the loan closing. The Federal Truth in Lending law requires that all mortgage lenders disclose the APR when they advertise a mortgage rate. The mortgage loan APR is designed to present the actual cost of obtaining financing, by requiring that some, but not all, closing fees are included in the APR calculation.
Some mortgage lender fees are not included as part of the APR calculation and some mortgage lenders will label their costs and fees differently than other lenders. As an example, an appraisal fee is an appraisal fee but some lenders may charge no origination points yet charge a $400.00 or $500.00 processing fee while another lender will not have a processing fee but an origination fee of $400.00.
Compare fees and costs carefully along with the mortgage rate from the mortgage lender before committing to any specific lender.
Mortgage interest rates are published rates obtained from these lenders but are subject to change without notice and may vary depending on loan amount, loan-to-value (LTV), credit worthiness, type of transaction and property type. All loans and rates are subject to mortgage lender or bank approval.
Additional mortgage loan programs and mortgage rate and point options may be available. To reach the listed mortgage lenders for current FHA mortgage rates and additional home loan information, representatives can be reached at the following phone numbers:
Wells Fargo Mortgage 877-937-9357
Bank of America 800-586-9780
North American Savings Bank 800-677-6272
Commerce Bank 800-903-3210
Commerce Bank operates in approximately 350 locations in Missouri, Kansas, Illinois, Oklahoma and Colorado.
North American Savings Bank operates nine bank branches, four residential loan origination offices, and one residential construction loan office.
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
FHA Mortgage Rates Illinois May 11, 2010
As part of our weekly mortgage survey, Findlocalmortgagerates.com surveys mortgage rates from bank mortgage lenders across the U.S. for a variety of mortgage loan products. One of the key loan products measured are FHA home loans. Weekly FHA mortgage rates are published in these pages every Wednesday from the top five bank mortgage lenders and every other week we produce the rates from select banks for individual states.
Today’s data contains FHA mortgage rates in Illinois from two of the largest bank mortgage lenders, Wells Fargo Mortgage and Bank of America as well as two of the largest Illinois based banks, MB Financial Bank and First American Bank.
Current FHA mortgage rates offered by these bank mortgage lenders include:
Wells Fargo Mortgage offers a 30 year FHA loan with a mortgage rate of 5.000% with 1.0 point and an APR of 5.762%.
Bank of America markets a 30 year FHA with a rate of 4.75% and 1.0 point leading to a 4.892% APR.
MB Financial Bank promotes a 30 year FHA mortgage rate of 5.00% with no points and a 5.636% APR.
First American Bank has a 30 year fixed rate FHA loan rate of 5.00% and no points with an APR of 5.599%.
Mortgage loan APRs will vary due to points charged and other closing costs, FHA loan APRs will also vary due to the cost of monthly mortgage insurance and upfront mortgage insurance costs which are specific to FHA home loans.
An FHA loan can offer significant advantages for prospective home loan borrowers and existing homeowners looking to refinance their current mortgage loan. All of the loan programs listed are based on an FHA loan with a 3.5% down payment. FHA loans require a lower down payment than traditional, conventional loans. FHA loans also offer more flexible credit underwriting than conventional loans with little difference in interest rates and total costs.
The interest rates, annual percentage rates (APRs) and points shown are subject to change without notice. Mortgage rates and programs from these mortgage lenders may be subject to limitations. All loans and rates are subject to mortgage lender or bank approval.
Mortgage interest rates are published rates obtained from these lenders but are subject to variation based on borrower’s credit score, actual closing costs and other variables. Additional mortgage loan programs may be available.
To reach the listed mortgage lenders for current FHA mortgage rates and additional home loan information, representatives can be reached at the following phone numbers:
Wells Fargo Mortgage 877-937-9357
Bank of America 800-586-9780
First American Bank 847-952-3700
MB Financial Bank Mortgage Department 877-878-6262
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
FHA Mortgage Rates Survey April 28, 2010
FHA home loan rates were moderately higher this week, based on the weekly survey of FHA mortgage rates performed by Findlocalmortgagerates.com. The results of the survey were somewhat mixed as the mortgage rate rose moderately while the average points charged by the FHA mortgage lenders in the survey was slightly lower.
The average FHA mortgage rate on a 30 year fixed rate home loan in the survey was 5.075%, up from last week’s average rate of 5.050%. The average points charged to obtain that rate was 0.625 which is down from last week’s average points charged of 0.725.
The largest FHA mortgage lenders in the survey included: Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage. The interest rate spread between the highest mortgage rate and the lowest remains extremely narrow. The lowest rate was 4.87% while the highest mortgage interest rate came in at 5.25%. Points charged ranged from no origination or discount points to as high as 1.125 points.
The current FHA mortgage rates, points and APRs on a 30 year fixed rate home loan from the top five mortgage lenders included the following:
Bank of America Home Loans offers a 30 year fixed rate FHA loan at 4.875% with 1.125 points and a 5.041% APR.
Wells Fargo Home Loan has a rate of 5.125% with 1.0 point on their 30 year FHA loan with a 5.897% APR.
The US Bank FHA mortgage rate for a 30 year term is at 5.250% and no points with a 5.792% APR.
SunTrust Bank offers a 30 year FHA mortgage rate at 5.000% with 1.0 point with a 5.463% APR.
HSBC Mortgage’s 30 year fixed rate FHA loan is at 5.125% with no points and a 5.310% APR.
The mortgage rates and points listed are current as of this publication date but are not guaranteed and are subject to change. The FHA mortgage rates are based on mortgage 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.
For more information the mortgage lenders listed and current FHA mortgage rates, these mortgage lenders can be reached at the following numbers:
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
FHA Mortgage Rates April 7, 2010
FHA mortgage rates rose just modestly this week. Conforming loan rates appeared to increase more than FHA loan rates this past week, however the discrepancy is more likely attributed to the time at which the mortgage rate surveys are performed. Conforming rates are surveyed by Findlocalmortagerates.com at the end of each week while FHA mortgage rates are surveyed midweek.
The average 30 year fixed rate FHA home loan rate now stands at 5.15% with 0.75 points based on the weekly survey of FHA mortgage lenders performed by Findlocalmortgagerates.com. This is up modestly from last week when the average FHA loan rate was 5.15% with 0.70 points.
FHA loans continue to grow in relative volume for both mortgage refinance transactions and home loan purchases. The primary driver for increased FHA loan originations is lower home equity or down payment requirements and the flexible credit requirements.
The top five FHA mortgage lenders in this week’s survey include Bank of America, Wells Fargo, US Bank, SunTrust Mortgage and HSBC Mortgage.
Here’s a look at the state of the current FHA mortgage rates offered by these bank mortgage lenders:
Bank of America offers a 30 year fixed rate FHA loan with a mortgage rate of 5.125% and 1.25 points and a 5.297% APR.
Wells Fargo Home Loans FHA mortgage rate on the 30 year fixed rate loan is 5.250% with 1.00% and an APR of 5.710%.
US Bank promotes an FHA mortgage rate at 5.250% and no points yielding a 5.792% APR.
SunTrust Bank’s FHA home loan rate is 4.875% with 1.50 points and a 5.472% APR.
HSBC Mortgage is now marketing the 30 year fixed rate FHA loan with a rate of 5.250% with no points and a 5.436% APR.
All of the mortgage rates and points listed are current as of the time of this publication but are subject to change and are not guaranteed. All home loans are subject to bank or mortgage lender approval, additional conditions will apply. Some mortgage loan products may have geographic restrictions and other restrictions may apply.
Additional mortgage rates and point options including conventional loan programs are available from these mortgage lenders.
For current FHA mortgage rates and loan terms, the mortgage lenders listed can be contacted directly. The following list covers the contact information for the listed bank mortgage lenders.
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
FHA Mortgage Rates April 1, 2010
Mortgage rates for FHA loans rose modestly as of March 31, 2010. The average FHA mortgage rate stood at 5.15% and 0.70 points based on sample of the largest US mortgage lenders taken from the weekly survey of FHA mortgage rates performed by Findlocalmortgagerates.com.
The sample of mortgage lenders for this week’s FHA mortgage rate survey includes Bank of America, Wells Fargo, US Bank, SunTrust Mortgage and HSBC Mortgage. The mortgage rates are current as of April 1, 2010 for FHA loans originated by the mortgage lenders.
The current FHA mortgage rates offered by these financial institutions are as follows:
Bank of America 30 year fixed rate FHA loan rate is 5.125% with 1.125 points and a 5.317% APR.
Wells Fargo Home Loans FHA loan rate for a 30 year fixed rate loan is 5.250% with 1.00% and an APR of 5.665%.
US Bank has offers an FHA mortgage with a 5.250% and no points and a 5.792% APR.
SunTrust Bank’s FHA home loan is at 4.875% with 1.375 points and an APR of 5.460%.
HSBC Mortgage promotes a 30 year fixed rate FHA loan at 5.250 with no points and a 5.436% APR.
The APR listed can be utilized by home buyers to compare different mortgages based on the annual cost for each loan. The monthly mortgage payment for a home loan is based on the note rate, the note rate does not take into consideration the cost of obtaining the loan including the points paid and other closing costs that are factored into the APR.
The Annual Percentage Rate (APR) stated is a measurement used to evaluate the actual loan cost over the life of the loan and is generally higher than the stated note rate since it takes into account the following costs along with the mortgage note rate: points, mortgage insurance and closing costs. The APR is a required disclosure required by the Federal Truth-In-Lending Act.
Additional mortgage rates and point options are available from these mortgage lenders. Mortgage rates are believed to be accurate but can change at any time. The accuracy of the home mortgage details is not guaranteed.
All home loans are subject to bank or mortgage lender approval. Some mortgage loan products may have geographic restrictions and other restrictions may apply.
For current FHA mortgage rates and loan terms contact the lenders directly. The following list covers the contact information for the listed bank mortgage lenders.
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
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
Current FHA Mortgage Rates February 27, 2010
Findlocamortgagerates.com conducts a weekly survey of the top bank mortgage lenders. The results of this survey helps borrowers compare mortgage interest rates and product information from some of the largest U.S banks so consumers looking to purchase a new home or refinance can easily find the right mortgage that fits their needs.
The following list of mortgage loans and rates is a sample form the survey. These rates are for FHA loans or a mortgage that is backed by the Federal Housing Administration (FHA). FHA loans along with VA loans are generally referred to as government loans
The following list displays current interest rates for a sample of various combinations of mortgage rates and fees available on FHA loans from this week’s mortgage rate survey.
US Bank 30 year fixed rate FHA loan has a rate of 4.875% with one point and a 5.495% APR.
The same 30 year FHA loan from US Bank is available with a mortgage rate of 5.25% and no points and an APR of 5.792%.
Bank of America Home Loans offers a 30 year fixed rate FHA loan that has a mortgage rate of 4.875% and 1.375 points with an APR of 5.109%.
Wells Fargo Home Mortgage offers a 30 year fixed rate FHA home loan with a mortgage rate of 5.125% with one points and an APR of 5.85%.
HSBC Mortgage rate on a 30 year FHA is at 5.125% with no points and a 5.310% APR.
SunTrust Mortgage has a 30 year FHA home loans with a mortgage rate of 4.875% and 1 point resulting in a 5.425% APR.
The APR includes the interest rate, fees, points, certain closing costs and mortgage insurance. FHA mortgage rates, points and closing costs are subject to change without notice.
The preceding is a sample of programs and interest rates; other loans and rate options are available from the listed mortgage lenders. Rates listed are for purchases on owner-occupied single family primary residences. The accuracy of the home mortgage details is not guaranteed.
All loans are subject to bank approval. Some mortgage loan products may have geographic restrictions, other restrictions may apply and additional conditions will apply to obtain these home loans.