Rates are current as of July 23, 2026 10:50 PM EDT
APR 6.11%
0.00% 1wAPR 6.60%
0.09% 1wAPR 6.04%
0.14% 1wThe Nerdy headline
Simplist is an online marketplace of mortgage lenders; human guidance is optional. You’ll make payments to a loan servicer, not to Simplist. Loans are not available in every state.
Home loans overall
NerdWallet rating
4.5
The Nerdy headline
Tomo’s online rates comparison tool is among the best we’ve seen for shopping rates — and both their rates and fees are competitive. While they don’t offer refinance or home equity options, the solid lineup of purchase loans could be a good fit for a wide range of home buyers, including those with credit challenges.
Home loans overall
NerdWallet rating4.5
The Nerdy headline
New American Funding is a major FHA lender, with a focus on this loan type, but its average FHA rates and fees are less competitive than some lenders.
FHA loans
NerdWallet rating4.0
The Nerdy headline
Tomo’s online rates comparison tool is among the best we’ve seen for shopping rates — and both their rates and fees are competitive. While they don’t offer refinance or home equity options, the solid lineup of purchase loans could be a good fit for a wide range of home buyers, including those with credit challenges.
Home loans overall
NerdWallet rating4.5
The Nerdy headline
Simplist is an online marketplace of mortgage lenders; human guidance is optional. You’ll make payments to a loan servicer, not to Simplist. Loans are not available in every state.
Home loans overall
NerdWallet rating
4.5
The Nerdy headline
Midwest-rooted Central Bank offers an online application, which you can track via mobile app. But you’ll have to contact the bank for mortgage rates.
Home loans overall
NerdWallet rating
4.0
The Nerdy headline
Northpointe is a major FHA lender, by loan volume. In addition to government-backed loans, Northpointe Bank’s mortgage portfolio includes loans for borrowers with credit challenges.
FHA loans
NerdWallet rating4.5
The Nerdy headline
In addition to conventional and government-backed loans, Northpointe Bank’s mortgage portfolio includes rarer offerings like doctor loans, condo loans and investment property loans. However, average fees and rates tend to be comparatively high.
Home loans overall
NerdWallet rating4.5
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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.
See how rates have changed over time to understand past patterns and economic fluctuations
Historical timeline
Loan purpose
Loan type
National average 6.11%
| Product | Interest rate | APR |
|---|---|---|
| 30-year Fixed | 6.59% | 6.60% |
| 30-year Fixed FHA | 5.38% | 6.11% |
| 30-year Fixed VA | 6.05% | 6.17% |
| 20-year Fixed | 6.43% | 6.44% |
| 15-year Fixed | 6.02% | 6.04% |
| 10-year Fixed | 6.19% | 6.21% |
| 3-year ARM | 8.19% | 7.46% |
| 5-year ARM | 6.51% | 6.54% |
| 7-year ARM | 6.28% | 6.38% |
| 10-year ARM | 6.59% | 6.60% |
Accurate as of 07/23/2026.
Data source: ©Zillow, Inc. 2025. Use is subject to the Terms of Use
Compare FHA mortgage interest rates offered by lenders in your area. FHA loans are well-suited for first-time home buyers and borrowers with credit challenges.
Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners.
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