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

81 Percent of Refinancing Homeowners Maintain or Reduce Mortgage Debt in …
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Pending Freddie Mac Relief Refinance Changes to Aid Lenders Refinance …
Freddie Mac announced plans to build on the results of its Relief Refinance Mortgage Plan, which contains the Property Reasonably priced Refinance Program (HARP two.), by aligning requirements for mortgages with loan-to-value ratios that are equal to or much less …
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Pending Freddie Mac Relief Refinance Changes to Aid Lenders Refinance …
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Question by amanda: 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, stuff 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!

Best answer:

Answer by teran_realtor
With your score, prostate 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!

Give your answer to this question below!