While you don’t have to have an excellent credit ranking to qualify for an FHA loan (a minimum score of just 580 is needed to put down the low down payment requirement of 3.5 percent), you will receive a better interest rate if your score is considered good to excellent.
Check out the current interest rates for FHA mortgages and see whether it makes sense to apply now. Our analysis of FHA loans includes a day-to-day overview of current loan offers available for your neighborhood and includes both purchase and refinancing data. Read on to find the current FHA interest rate for today.
Fha Eligible Homes Fha Back To Work Loan The standard FHA guidelines required borrowers to wait 3 years after a foreclosure and 2 years after a bankruptcy before they would become eligible for an FHA insured loan. Today, with the FHA Back-to-Work Program, the parameters changed and more people are now eligible for FHA loans. Standard FHA RequirementsFha Loan Limit Calculator 2019 FHA Loan Limits in Utah | LendingTree – The FHA "ceiling" applies to high-cost areas and is set at 150% of the conforming loan limit, or $726,525. Outside of a few exceptions, this is the highest mortgage the agency will insure for a single-family home.