What are the current rates for a 30 year fixed FHA mortgage? Can you pay discount points?

I am considering a FHA loan. I would like to avoid mortgage insurance if at all possible. Am I allowed to put 20% down or get a piggy back loan for 10-15%? Basically, I'm not sure if a FHA or conventional loan is best.

First-time homebuyer

Credit = 725ish

Pre-qualified for $80k

Probably getting a $70k home.

Please give me some advise. Thanks in advance!

What are the current rates for a 30 year fixed FHA mortgage? Can you pay discount points?

With your score, and 20% down payment, it's a no brainer. Don't go FHA. Get a conventional loan, 80% LTV, no PMI.

I wish all my buyers were like you.

And smart too! Buying less than you qualify for. I'm proud of you!

What are the current rates for a 30 year fixed FHA mortgage? Can you pay discount points?

Hi Amanda ,

I have had a home Through FHA (Farmers Home Admintstration)

Fixed rate ...varies . They do go by your income monthy.

You can get a fixed rate as low as 6% if you meet requirments.

I would never use anyone else !...lol...lisa

What are the current rates for a 30 year fixed FHA mortgage? Can you pay discount points?

All the help you will need! With your credit you probably will get somewhere around 5-6%, but it doesn't really matter because we have a software that will show you how to pay your home off in 7-10 years anyway, eliminating your interest! Honestly go to www.savingthousandsininterest.com and watch the video and give us a call!

Glad to be of help!