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Ask us what FHA rate we can offer you!

The FHA mortgage rate we may be able to offer is personal to you. Your interest rate is affected by your credit score, income and finances as well as the current mortgage market environment. Freedom Mortgage may be able to offer you an FHA rate that is higher – or lower – than the rate you see advertised by other lenders.

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Overview Compare Rates
& Fees About GET PREQUALIFIED
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Overview

An FHA loan is a mortgage offered by private lenders and backed by the Federal Housing Administration (FHA). FHA loans make buying a home more affordable with competitive interest rates, low down payments, and flexible credit terms. It can be easier to qualify for an FHA loan compared to a conventional mortgage.

Use our mortgage affordability calculator to estimate how much you can afford to pay for a home based on your down payment, interest rate, and loan term.

Freedom Mortgage is the #1 FHA Lender in the United States according to Inside Mortgage Finance, 2021.

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Competitive rates

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Low down payments

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Low credit scores

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Anyone can qualify!

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How much home can you afford?

When you’re thinking about buying a home, figuring out how much you can afford is a great first step. Use our home affordability calculator to get an estimate!

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This calculator is made available as a self-help tool for your personal use. We do not guarantee its accuracy or applicability to your individual circumstances. Resulting calculations are for illustrative and informational purposes only and are not intended as investment or financial advice. Consult a qualified financial advisor before making important personal finance decisions. To get a better understanding of the benefits of buying a home, speak with a loan advisor at Freedom Mortgage.

You can afford homes up to {{firstNumber}}
With a monthly payment of {{secondNumber}}

Ask us what FHA rate we can offer you!

The FHA mortgage rate we may be able to offer is personal to you. Your interest rate is affected by your credit score, income and finances as well as the current mortgage market environment. Freedom Mortgage may be able to offer you an FHA rate that is higher – or lower – than the rate you see advertised by other lenders.

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Is an FHA loan right for you?

FHA loans make buying a house more affordable for homebuyers across the United States. To learn more about your mortgage choices, see our loan comparison below. Freedom Mortgage offers conventional, VA, and USDA loans as well as FHA loans. Also read our article comparing conventional loans vs FHA loans.

FHA Loans

  • All qualified homebuyers are eligible
  • Can buy primary homes only
  • Down payments required
  • Mortgage insurance required

Conventional Loans

  • All qualified homebuyers are eligible
  • Can buy primary homes, vacation homes, and more
  • Down payments required
  • Mortgage insurance required with down payment less than 20%
Learn more

VA Loans

  • Only qualified veterans, active duty military personnel, and surviving spouse are eligible
  • Can buy primary homes only
  • Down payments often not required
  • Mortgage insurance not required
Learn more

USDA Loans

  • Only qualified rural & some suburban homebuyers are eligible
  • Can buy primary homes only
  • Down payments often not required
  • Mortgage insurance required
Learn more

Looking for more detail?

Our full loan comparison table can help you decide.

Go now
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FHA loan fees and requirements

FHA loans help make it easier to qualify for a mortgage to buy a home. You will need to complete an application and meet the lender’s credit, income, and financial requirements to get your FHA loan approved. You will need to pay closing costs too. Here’s what else you need to know about FHA loan requirements.

Credit score

We will probably check your credit score before we approve your mortgage application. Your credit score can affect the interest rate we may offer too. Learn about FHA loan credit scores

Down payments

FHA loan down payments can be as low as 3.5% if you have a credit score of 600 or higher. For lower scores, the down payment requirement is 10%. Learn about FHA down payments

Loans limits

There are loan limits for FHA loans which vary by county. For 2021 in high-cost areas, the mortgage limit will be $822,375. For low-cost locations it will be $356,362. These limits usually change each year because of market changes in home prices.Learn about FHA loan limits

Mortgage insurance premiums

You will need to pay an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount at closing or roll this cost into your mortgage. You’ll also pay annual mortgage insurance premiums (MIP) which vary from 0.45% to 1.05% of the loan amount based on your down payment, loan term, and mortgage amount.Learn about MIP and PMI

Closing costs

HUD says closing costs for FHA loans average between 3% and 4% of the price of the home. These costs can include lender fees, points, title insurance, inspection fees, property taxes, and homeowners insurance premiums as well as the Upfront Mortgage Insurance Premium. Learn about FHA closing costs

Loan disclosures and closing

Once you submit your application, you will need to review and sign loan disclosures. You’ll also need to attend the closing of your new mortgage.Learn about loan disclosures

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The Freedom Mortgage Difference

We are committed to making you a life-long customer with exceptional mortgages and exceptional service!

We’ll help you choose the right mortgage and work with you to make buying a home or refinancing easy. We'll also keep an eye on your rate and let you know when you can lower your payment or get cash from your home's equity.

We are thankful for our 1.5 million customers. It’s because of homeowners like you that we’ve grown over the past 30 years to become one of the top lenders in America.

We are proud to support veterans and service members with charitable work like raising $93,000 to buy school supplies for military families. We are also committed to fighting hunger in communities across the nation.

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