Are FHA Mortgage Rates Standard from lender to lender?

Posted on Sep 27, 2012 in FHA Information

Question by Anonymous: Are FHA Mortgage Rates Standard from lender to lender?
I guess what I am asking is should I shop around for the best FHA Mortgage rate or will they be exactly the same from lender to lender based on my financial situation and the amount I am borrowing?

Best answer:

Answer by cactusgene
All lenders charge the same interest rate on FHA loans. The rates are set by the Federal Housing Administration and apply nationwide.

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3 Comments

  1. FHA rates vary from lender to lender. You definitely need to shop your rate! But then again it isn’t just the rate you need to be aware of, but the other charges on the good faith estimate as many of them can vary too.

  2. Good read. This article about lending was really good.

  3. The article on mortgages was quality and worth the time.