What rates will I get for my FHA loan?

There’s a bit of magic involved in rates. We put everything into a pot, stir it three times, then pull out your lucky number! (Actually, your credit score will determine your rate. The higher your score, the lower your rate.) Also, the term you choose will impact your rate. Shorter terms get lower rates!

Note that your annual percentage rate (APR) is your interest rate plus any applicable fees rolled into one handy figure.