Why do borrowers choose FHA mortgages over conventional loans? A participating FHA lender can offer qualified borrowers lower interest rates, early payoff of the loan without a penalty, and more. FHA Loan Interest rates interest rates on your home loan add up over the lifetime of the FHA mortgage. The lower your mortgage rate, the more you will save over the entire term of the loan.
There are major advantages and disadvantages between conventional, VA, and. Likewise, if you purchased your home when interest rates were higher, but.