fha to conventional
ContentsAverage fha mortgageHousing administration (fha) loan.Time home buyers.Prefer fha loans[youtube]//www.youtube.com/embed/qvlNQoNElYU[/youtube]While FHA rates may be low, the added costs of mortgage insurance could make refinancing into a conventional loan, even one with a slightly higher rate interest rate, result in lower monthly payments for the borrower. Now, let's examine the advantages and disadvantages of an FHA to conventional refi.interest rates for fha loans FHA mortgage rates hew closely to the mortgage rates on traditional home loans. If the average interest rate on a 30-year fixed-rate mortgage stands at 5.4 percent, you can figure that the average fha mortgage rate is nearly the same. This makes these loans even more attractive. Another positive of FHA loans is that it is relatively easy for borrowers to qualify for them.FHA loans allow borrowers to…