Federal Housing Administration Loan

Fha Refinance Interest Rates

An FHA mortgage loan is a federal program to help low to moderate income. Recent reports indicate the FHA is losing money as current. Like your interest rate, how much insurance you pay is determined by your.

Let’s say you have two options: a $200,000 refinance with zero closing costs and a 5% fixed interest rate for 30 years, or a $200,000 refinance with $6,000 in closing costs and a 4.75% fixed.

An amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as mortgage points or discount points. One point equals one percent of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000).