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What is FHA interest rate now?

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June 20 2009 - Springfield
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Answers (7)

Profile picture for DiamondFundingCorp
It is actually lower than that depending on what wholesale lenders we have.  My par rate is lower, but I don't like quoting rates here for respect of the threads.

I promise you, you will get great and current rates from the best lenders that Zillow has to offer.

Don't get a predetermined number in mind by what you read from me or anyone else in these threads.
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June 22 2009
Profile picture for Oregon Mortgages
The current "par" rate is 5.5% with many lenders, however, from that you need to add or subtract any price adjustments to the rate. This could make your actual rate higher or lower. Unfortunately, it's not as simple as just asking for a rate. Hope this helps.
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June 22 2009
Profile picture for DiamondFundingCorp
If you fill out a Zillow quote, you will get instant answers to your question!
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June 21 2009
Profile picture for starbrite27
The criteria for an FHA is looser than a conventional loan, but credit is just one factor that is considered.  Zillow has a loan request feature that will give you a much better idea of what your rate would be if you were to buy today (of course the rate changes constantly).  You can use it with no obligation--I didn't even have to enter an email addresss. 
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June 21 2009
Profile picture for mysql
Are you guys sure FHA depends on credit? I've seen plenty of people with horrible credit getting par rates with FHA.

It looks like you just need 620 or higher to easily get in, lower credit means you have to shop around more before finding a lender.
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June 21 2009
Depends on many factors, one of them being credit.  No one can give you a fair assessment until you give more information.
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June 20 2009
Profile picture for Bob Lowery
It differs from lender to lender.  I would recommend filling out a Zillow Loan request. 
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June 20 2009
 

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Profile picture for DiamondFundingCorp
QuestionWhat is FHA interest rate now?
  • Latest answer by DiamondFundingCorp
  • June 22 2009
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