Of the four government - backed loan programs, VA mortgage rates are often the cheapest,
beating conventional mortgage rates by as much as 40 basis points (0.40 %), followed closely by USDA mortgage rates.
FHA mortgage rates tend to
beat conventional mortgage rates by 15 basis points (0.15 %) or so, and this may look like a better deal, but price gains made on an FHA mortgage rate can be quickly gobbled up by the cost of FHA mortgage insurance.
FHA mortgage rates tend to
beat conventional mortgage rates by 15 basis points (0.15 %) or so, and this may look like a better deal, but price gains made on an FHA mortgage rate can be quickly gobbled up by the cost of FHA mortgage insurance.
Not exact matches
For all
conventional residential
mortgages there will not be a fee because the
mortgage consultant will shop the market for you and find a lender that doesn't charge a fee AND will
beat your current lender's
mortgage renewal
rate!
These
mortgage rates often
beat their
conventional counterparts (i.e. Fannie Mae and Freddie Mac) by one - quarter percentage point or more.