Rates
What affects FHA mortgage rates?
Short answer
Credit score, loan amount, LTV, property type, occupancy, lock period, points or lender credits, and market conditions on the day of pricing. MIP assumptions feed into APR.
Plain-English explanation
FHA pricing follows the Ginnie Mae market. Even small changes in any of those inputs can shift the rate or the cost to lock it.
What can change the answer?
Credit score, loan amount, LTV, points, lender credits, lock timing, and market movement can change the rate quoted.
Related
Want the real answer for your file?
FHA guidelines are the rule. Your credit, income, payment, property, and county limit are what decide the actual answer.
More FHA questions on Rates
Educational only. FHA guidelines, lender overlays, rates, fees, and underwriting requirements can change. Final eligibility depends on full underwriting review.