Do FHA interest rates stay the same nationwide or do they vary?

Interest rates in general will be about the same from state to state.. There are some area's in the country where there are more foreclosures than others, so those states tend to have slightly higher rates, but as Peter stated... the bigger change in rates is usually from one bank to another...The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Generally speaking, the "rate" is very similar nationwide... With that said, there is no "base rate", and no rate that someone "qualifies for". Each individual person and situation is different. Each lender may present you slightly different rate of cost combinations based upon your personal situation, loan-to-value, credit scores, plus your long and short term payment and equity objectives. Be sure to work with a local mortgage broker, not an unlicensed bank clerk to get all your various options. www.JoeMetzler.com

Interest rates are usually fairly close from lender to lender, but since the rate you pay helps provide revenue for the lender, which is how they pay their bills, some lenders are going to have slightly better rates than others. Those of us that keep our overhead low can beat the pricing of the big banks because we do not have to pay for that big branch on every corner, or the Bazillion Dollar Salaries of the mucky mucks. You will want to work with a Licensed Mortgage Banker/Broker that knows your area well. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

The averages will vary from state to state, using lender 411 is a good way to find out what the averages are. Remember your credit scores, debt to income ratio and loan to value can also play a major role in what you qualify for.Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation.Ask for Michelle or Benny We will find the Best Mortgage Option to suit your needs!You can check us out at www.BestMortgageOption.com

rates are generally the same but can vary slightly from state to state. more importantly is the difference in rates from bank to bank.

They can vary slightly from state to state. For example a state or area with a higher default rate would be a reason they could be higher. Remember too that rates are just one component of cost.... fees and points are the other. Generally the higher the fees/points the lower the rate so don't just compare rates without looking at the big picture.

Rates can vary by state as well as by lender. Some lenders will have lower rates than others, but remember, you always get what you pay for.

Hello Benjamin, FHA rates do not vary state by state. They vary by investor. Feel free to reach out if you need anything or have any more questions, 1-800-319-3222.

Minor variations in FHA rates, and associated discounts, available to you as a retail borrower, are a function of the lender's financial strength and anticipated profit structure.

They can vary form state to state but should be pretty close to being the same.

Interest rates vary by state and by lenders/banks. It is always best to do your due-dilligence and shop multiple lenders for the best possible rate.

Benjamin, rates are not the same in all states, States like CA are higher then say NJ. Each lender will have their own risk based pricing according to market conditions.