Compare Today's FHA Mortgage Rates
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- Offers a program allowing qualifying buyers to make cash offers.
- Makes it easy to see customized mortgage rates.
- Average interest rates are on the low end compared to other lenders, according to the latest federal data.
- Doesn’t offer USDA loans.
- VA loans are not available in every state.
- Doesn't offer home equity loans.
- Offers a program allowing qualifying buyers to make cash offers.
- Makes it easy to see customized mortgage rates.
- Average interest rates are on the low end compared to other lenders, according to the latest federal data.
- Doesn’t offer USDA loans.
- VA loans are not available in every state.
- Doesn't offer home equity loans.
- Special program offers a pricing break for first first-time home buyers.
- Offers financing options for self-employed borrowers and those without Social Security numbers.
- Interactive mortgage rates tool takes credit score and location into account.
- Purchase loans are not available in all states.
- Doesn’t offer home equity loans or lines of credit.
- No refinancing options are available.
Tomo: NMLS#2059741- Special program offers a pricing break for first first-time home buyers.
- Offers financing options for self-employed borrowers and those without Social Security numbers.
- Interactive mortgage rates tool takes credit score and location into account.
- Purchase loans are not available in all states.
- Doesn’t offer home equity loans or lines of credit.
- No refinancing options are available.
- Offers a variety of loan types, including first-time buyer programs and loans for self-employed borrowers.
- Real-time rate quotes available while working with a broker.
- Responsive customer service.
- Competitive pricing often available, especially for non-traditional borrowers.
- Does not publish interest rates online.
- No mortgage mobile app.
- Loans are not available in every state.
Next Door Lending LLC: NMLS#1880338- Offers a variety of loan types, including first-time buyer programs and loans for self-employed borrowers.
- Real-time rate quotes available while working with a broker.
- Responsive customer service.
- Competitive pricing often available, especially for non-traditional borrowers.
- Does not publish interest rates online.
- No mortgage mobile app.
- Loans are not available in every state.
- Mortgage rates are on the low side compared to other lenders, according to the latest federal data.
- Offers a strong variety of loan types for purchase and refinance, including fixed- and adjustable-rate loans.
- Mobile app focuses on online banking, not mortgages.
- You’ll need to share contact information to see customized mortgage rates.
- Mortgage rates are on the low side compared to other lenders, according to the latest federal data.
- Offers a strong variety of loan types for purchase and refinance, including fixed- and adjustable-rate loans.
- Mobile app focuses on online banking, not mortgages.
- You’ll need to share contact information to see customized mortgage rates.
- Offers a wide variety of purchase and refinance mortgages.
- Has unique buyer assistance programs.
- Average origination fees are on the high side, according to the latest federal data.
- Personalized mortgage rates are not available on the website without providing contact information.
- Offers a wide variety of purchase and refinance mortgages.
- Has unique buyer assistance programs.
- Average origination fees are on the high side, according to the latest federal data.
- Personalized mortgage rates are not available on the website without providing contact information.
- Loan origination process can be completed online.
- Offers government-backed FHA and VA loans.
- Offers module that compares mortgage rates among other lenders.
- Offers loans in many states and Washington, D.C., but not nationwide.
- Does not offer home equity loans or lines of credit.
Simplist: NMLS#1764611- Loan origination process can be completed online.
- Offers government-backed FHA and VA loans.
- Offers module that compares mortgage rates among other lenders.
- Offers loans in many states and Washington, D.C., but not nationwide.
- Does not offer home equity loans or lines of credit.
- Reported average time to close is 15 days faster than industry average.
- FHA loans make up more than 20% of Rocket Mortgage’s total loan volume.
- Borrowers can apply via mobile app.
- Origination fees are on the higher end, according to the latest federal data.
- No construction or renovation loans.
- Physical branches are only available in Detroit, Cleveland, and Phoenix.
- Reported average time to close is 15 days faster than industry average.
- FHA loans make up more than 20% of Rocket Mortgage’s total loan volume.
- Borrowers can apply via mobile app.
- Origination fees are on the higher end, according to the latest federal data.
- No construction or renovation loans.
- Physical branches are only available in Detroit, Cleveland, and Phoenix.
About These Rates: The lenders whose rates appear on this table are NerdWallet’s advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender’s site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner’s assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.
Mortgage rate trends (APR)
- 30-year fixed
- 15-year fixed
- 5-year ARM
NerdWallet’s mortgage rate insight
6.817%
30-year fixed-rate“
On Saturday, July 5, 2025, the average APR on a 30-year fixed-rate mortgage remained at 6.817%. The average APR on a 15-year fixed-rate mortgage remained at 5.822% and the average APR for a 5-year adjustable-rate mortgage (ARM) fell 6 basis points to 7.305%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 5 basis points higher than one week ago and 19 basis points lower than one year ago.
A basis point is one one-hundredth of one percent. Rates are expressed as annual percentage rate, or APR.
Current mortgage and refinance rates
| Product | Interest Rate | APR |
|---|---|---|
| 30-year fixed-rate | 6.812% | 6.817% |
| 20-year fixed-rate | 6.563% | 6.569% |
| 15-year fixed-rate | 5.812% | 5.822% |
| 10-year fixed-rate | 5.841% | 5.876% |
| 7-year ARM | 7.458% | 7.309% |
| 5-year ARM | 7.206% | 7.305% |
| 3-year ARM | 6.500% | 7.182% |
| 30-year fixed-rate FHA | 6.801% | 7.551% |
| 30-year fixed-rate VA | 6.180% | 6.508% |
Data source: ©Zillow, Inc. 2006 - 2021. Use is subject to the Terms of Use
What is an FHA loan?
An FHA loan is a mortgage insured by the Federal Housing Administration. FHA-insured mortgages are available with a 3.5% down payment for borrowers with credit scores of 580 or higher. (You can use gift money toward the down payment, too.)
FHA loans are well-suited for home buyers who have little saved for a down payment, credit challenges or both. FHA loans are popular among first-time home buyers, but you don’t need to be a first-time home buyer to be eligible for an FHA loan.
» MORE: What to know about FHA loans
FHA loans can be used for purchases and refinances for a variety of home types, including single-family houses, two- to four-unit multifamily buildings, condominiums and manufactured homes that are attached to a permanent foundation. Both fixed-rate and adjustable-rate mortgages are available.
How to find FHA interest rates today
NerdWallet’s mortgage rate tool can help you find a competitive FHA loan interest rate today that is tailored to meet your needs. At the top of this page, select or tap "More" to see the relevant filter, and choose "I'm eligible" under "FHA Loan Eligibility." After updating, you can see an interest rate quote without providing personal information.
What is a good interest rate on an FHA loan?
You can save money by comparison shopping because each lender offers its own combination of interest rate and fees.
Once you’re approved, each lender will provide you with a Loan Estimate form. This will let you compare interest rates, origination fees and closing costs. Comparing Loan Estimates from more than one lender will give you confidence that you’re getting the right loan for your situation.
Nerdy Tip
Want a lower mortgage rate? See if your credit needs work. Typically, the lowest rates go to borrowers with the highest credit scores. Paying down debt could make you a more favorable borrower and qualify for a lower rate, too.
FHA loan pros and cons
Pros
- Down payment requirement as low as 3.5%
- Allows gift money for down payments
- Accepts history of weak or damaged credit
- Options to finance affordable homes, like manufactured homes or fixer-uppers
Cons
- Mortgage insurance required for 11 years or the life of the loan (depending on down payment size)
- Requires an FHA appraisal, which is more rigorous than a conventional appraisal
Learn more about FHA loans:
This article has been updated to reflect the most recent fact-checking as of June 26, 2025.