FHA loans are more popular with consumers than ever before. The FHA loan program is most often used for people who are first-time home buyers or people who have less than perfect credit – but those are not the only people who can take advantage of the FHA loan program. Individuals who have been through a foreclosure, short sale, or other financial hardship in the past, are other good candidates for the FHA loan program. For those who already have an FHA loan, the FHA streamline refinance is a great option that allows homeowners to reduce their monthly payment and interest rate.


A few popular types of FHA loans include:

  • 30 year fixed rate mortgage
  • FHA streamline refinance
  • FHA 203k rehab loan
  • FHA adjustable rate mortgage
  • FHA fixed rate mortgage
  • FHA kiddie condo loan

Click Here To FHA mortgage Rates »

The most standard FHA loan is the 30 year fixed rate mortgage, however, that is not the only term that the FHA loan is offered– FHA loan terms can often come in 10, 15, 20, or 25 years, depending on your lender.

Not every lender is FHA approved but if they are they are regularly subjected to strict audits by the government.

No matter what FHA program is right for you, HUD has a network of FHA approved lenders who can help you. Not every lender is FHA approved but if they are they are regularly subjected to strict audits by the government. Click Here, to see what FHA program you qualify for and get matched with a lender.


Getting the best deal on an FHA loan is simple… shop around! There are multiple FHA lenders that can help you and each will have slightly different FHA guidelines. Guideline tweaks may require certain things like a higher credit score, a higher down payment, multiple appraisals, etc. And each FHA lender will have different rates each day.

These constant mortgage rate changes and guideline adjustments allow a homebuyer to get multiple quotes from lenders. It is a great idea to do this, just make sure to get all the quotes put in writing and you will be able to compare various quotes and lenders. Since it is free to shop lenders, more consumers are understanding how to find the best deal on an FHA loan.