Get the best deal on a FHA home loan comparing 56 of the Nation's most trusted lenders side-by-side. Regardless of what lender you pick, it's always a good idea to compare and know your options.*
Take the guesswork out of finding a FHA lender.
Or, compare the top 10 FHA lenders for June 2024
Compare The Best FHA Lenders
Find the perfect FHA Lender for your home. Compare your options using data from our experts, Better Business Bureau and real customer reviews.
Top 10 FHA Purchase Lenders for 2024
ZenLend is a full-service lender that specializes in all types of FHA loans including purchase, refinance, streamline FHA refinance, and the FHA 203k loans.
USAA has 100+ years of experience serving military members and has closed over 1 million home loans. USAA has a wide array of financing options available to borrowers. Membership not required for loan inquiry.
Fairway Independent Mortgage opened its doors in 1996 and has over 750 branch and satellite locations nationwide. Fairway is dedicated to customer service and has helped thousands of Americans achieve homeownership.
Rocket Mortgage’s goal is to make home financing simpler through innovative technology and amazing team members. Rocket provides a custom homebuying experience and allows clients to set their own time and place for closing.
Movement Mortgage makes the mortgage process faster and more convenient with online tools. Movement allows you to sign documents from your phone, cutting down on paperwork and saving time.
Caliber Home Loans streamlines the mortgage process with lending technology, including a mobile app to keep you connected throughout loan approval. Caliber’s loan consultants offer personalized guidance and support.
CrossCountry Mortgage helps borrowers close on their home in an average of 21 days. CrossCountry provides a transparent mortgage experience and is one of the fastest growing retail mortgage lenders.
Guaranteed Rate Inc brings low rates and high levels of service to every customer by simplifying the process, hiring the best and using cutting-edge tech. Guaranteed Rate allows homebuyers to apply online from anywhere in less than 15 minutes.
Top 10 FHA Refinance: Streamline Lenders for May 2024
ZenLend is a premier FHA Streamline Refinance lender that has super fast funding times (think a few days) and some of the best FHA refinance rates we’ve seen.
Pennymac is guided by three core values: be Accountable, Reliable, and Ethical. Pennymac puts their customers first and helps Americans achieve and sustain their homeownership dreams.
Rocket Mortgage’s goal is to make home financing simpler through innovative technology and amazing team members. Rocket provides a custom homebuying experience and allows clients to set their own time and place for closing.
Navy Federal is a top Lender that helps service members take advantage of the benefits they’ve earned. Navy Federal has grown to over 12 million members since its founding in 1933.
Village Capital & Investments LLC is experienced and efficient when it comes to FHA Loans. Village Capital serves homebuyers and homeowners by helping them get good terms with specialized mortgage products.
Nationstar Mortgage (dba Mr. Cooper) allows borrowers to easily make monthly payments, check their FICO® Score and access important documents through a secure, award-winning app. Nationstar’s home advisor team is 100% U.S. based.
Top 10 FHA Refinance: Cash-Out Lenders for 2024
Rocket Mortgage’s goal is to make home financing simpler through innovative technology and amazing team members. Rocket provides a custom homebuying experience and allows clients to set their own time and place for closing.
ZenLend is a top-rated lender that has incredible AI powered cash out loans. Get cash in as little as 1 business day!
Navy Federal is a top VA Lender that helps service members take advantage of the benefits they’ve earned. Navy Federal has grown to over 12 million members since its founding in 1933.
NewDay USA has been a leader in Veteran mortgage lending for over 20 years. NewDay offers 5-star support and has a dedicated homebuying team that’s available anytime.
loanDepot is licensed in all 50 states and offers a wide variety of loan products. loanDepot uses a tech-enabled lending platform for easy, secure processing and hassle-free transactions.
Pennymac is guided by three core values: be Accountable, Reliable, and Ethical. Pennymac puts their customers first and helps Americans achieve and sustain their homeownership dreams.
Federal Savings Bank is Veteran founded, owned and operated. Federal Savings has nationwide lending power and specializes in end-to-end custom home lending solutions for homebuyers.
Nationstar Mortgage (dba Mr. Cooper) allows borrowers to easily make monthly payments, check their FICO® Score and access important documents through a secure, award-winning app. Nationstar’s home advisor team is 100% U.S. based.
AmeriSave Mortgage has 20+ years of experience, is licensed in 49 states and has financed over 664,000 borrowers. AmeriSave offers competitive interest rates and no loan origination fees for VA Loans.
An FHA loan is a mortgage that’s insured by the Federal Housing Administration, a government agency within the U.S. Department of Housing and Urban Development (HUD). This type of loan is designed to make homeownership more accessible to individuals with lower credit scores and smaller down payments compared to conventional loans.
One of the most appealing features of FHA loans is the relatively low down payment requirement. Borrowers can make a down payment as low as 3.5% of the purchase price as long as they have a credit score of 580 or higher. This makes an FHA loan an attractive option for homebuyers who may not have substantial savings. The down payment can even come as a gift in many circumstances!
FHA loans have much more lenient credit requirements compared to conventional mortgages. It’s possible for borrowers with a credit score as low as 500 to qualify for an FHA loan, although this would require a higher down payment of at least 10%. Things like late payments, collections, a repossession, or even an old foreclosure may not disqualify you.
To protect lenders in case a borrower defaults on their loan, FHA loans require two types of mortgage insurance premiums (MIPs): an upfront premium and an annual premium. The upfront premium is typically 1.75% of the loan amount and can be rolled into (on top of) the mortgage. The annual premium depends on the loan amount, down payment, and term of the loan.
The FHA requires that the property being purchased meets specific safety, security, and soundness standards. An FHA-approved appraiser must inspect and appraise the home before the loan can be approved. This protects the borrower from investing in a property that may require significant repairs. They are usually looking for things like peeling paint (think lead-based paints), working appliances, locking windows and doors, and other safety and security items to be in good working order.
To qualify for an FHA loan, borrowers need to meet certain criteria related to credit, income, and employment. They must also have a valid Social Security number, lawful residency in the U.S., and be of legal age to sign a mortgage in their state (usually 18 years old). The property being purchased must also be intended as the primary residence. These loans are not for investors.
An FHA loan can be an excellent option for first-time homebuyers with limited savings for a down payment and those with lower credit scores. However, it’s essential to consider all aspects of this type of loan, including the cost of mortgage insurance and property restrictions. Before deciding, compare the benefits and drawbacks of FHA loans with other financing options to find the best fit for your financial situation and homeownership goals.
Navigating the homebuying process can be overwhelming, but understanding your mortgage options is a critical step toward making an informed decision. FHArates.com is dedicated to making your dreams a reality!
* The top ten consumer-facing lenders are displayed according to loan volume as reported by the Broker Metrics (FY 2022-2023 Lender Loan Volume).
Customer Ratings: Customer Ratings based on ratings and reviews provided by Trustpilot. FHArates.com is not affiliated with Trustpilot and has no control or influence on how users rate each lender; Trustpilot reviews may reflect customer experiences related to non-mortgage products.
1 Streamline: A FHA Streamline Refinance can be used to refinance an existing FHA loan to lower the interest rate with very little documentation.
2 Better Business Bureau: BBB Rating, accreditation, review, and complaint data are provided by the Better Business Bureau. FHArates.com is not affiliated with the Better Business Bureau and has no control or influence over the information provided.
3 2023 FHA Loans: Total FHA loan volume for fiscal year 2023 as reported by the Department of Housing and Urban Development (FY 2023 Lender Loan Volume).
All Rights Reserved. FHArates.com is not affiliated or endorsed by the Federal Housing Administration, the Department of Veterans Affairs, or any governmental agency. Equal Housing Opportunity
Copyright © 2025 FHARates.com, Tempe, Arizona
Representative rates are based upon national or state specific averages from lenders quoting on Zillow for preliminary research purposes only. Actual available rates and monthly payment amounts are subject to market fluctuations and will depend on a number of factors, including geography and loan characteristics. Representative rates are valid as of 05/20/2024 and assume a minimum credit score of 740 and loan-to-value ratio of 80%, except for FHA and VA loans which assume a minimum credit score of 680-739 and loan-to-value ratio of 96.5% and 100%, respectively. The Jumbo loan amount shown exceeds the highest conforming loan limit in most state or city locations for which rates are being provided. Currently, a Jumbo loan exceeds $766,550 for a single-family home in all states (except Hawaii and Alaska, and a few federally designated markets where the limit is $1,149,825). Estimated monthly payment amounts displayed are based upon principal and interest only, and taxes and insurance are not included in this estimate; the actual payment obligation may be greater. Not all borrowers will qualify for these rates. Final loan approval is subject to criteria established by a lender, including satisfactory appraisal, title review, and underwriting determination, among other criteria. Rates subject to change without notice. Restrictions apply.
NOTE: Mortgage rate trends are based on historical rate data and the inputs that you select. Changes to inputs will affect the rate trends shown. Mortgage rate trends displayed are for informational purposes only and represent rate trends over time and are based upon national or state specific averages from lenders quoting on Zillow for preliminary research purposes only.
Mortgage rates are displayed through Zillow Group Marketplace, Inc. (“ZGMI”) a licensed mortgage broker, NMLS #1303160. Zillow Group Marketplace, Inc. does not make loans and this is not a commitment to lend. See current list of state licenses and disclosures here. Please note: Adjustable-rate mortgages (ARMs) are loans with interest rates that change after an initial fixed-rate period.
ZGMI does not aid or assist consumers in obtaining loans, solicit consumers or lenders for loans, offer or negotiate terms of loans, make loans or credit decisions in connection with loans, take applications for credit, or issue pre-approval letters. ZGMI allows consumers to provide certain information to lenders. ZGMI does not guarantee that the loan terms or rates offered and made available by lenders are the best terms or lowest rates available in the market.
