If you’re like most people looking to buy a home, you’re probably worried about what kind of rate you’ll get. 

That’s because lenders hoard interest rates like water in the desert!

But we don’t do that here.

When it comes to getting an FHA loan, we know you want to have a ballpark idea of what rates to expect. 

Best FHA Loan Rates 765 to 810 Credit Score

And the Wendy Thompson Lending Team will give it to you.

In fact, we’ll hand over sample rates based on your credit score on a silver platter!

Plus, when you shop for a home with the Wendy Thompson Lending Team, we’ll help you qualify for a great rate.

Here’s a glimpse into the FHA loan rates you can expect when house shopping with us.

First, we recommend you get started with a free, quick quote by state:

Best FHA Loan For Rates 765 to 774 Credit Score

Ask anyone, and they’ll tell you that a credit score above 750 is considered “excellent.”

If your score is between 765 and 774, you’re already on your way to qualifying for a low rate on your FHA loan.

But you might not be out of the woods – lenders look at more than your credit score.

Your debt-to-income (DTI) ratio is also important.

DTI measures the amount of money you have left in your pocket after paying all of your expenses. Generally, the more debt you have, the higher your DTI ratio is.

And that makes lenders nervous.

If your monthly expenses are no more than 40% of your take-home pay, you’re in the clear. If not, paying down some of your balances can help you qualify for an even better rate than you’d hoped for.

Here are some sample quotes:

sample FHA loan Rates by Credit score: 765 to 774 

Fico score

APR

Mo. Payment

780 - 809

3.375%

$1,508.00

740 - 779

3.375%

$1,508.00

700 - 739

3.375 %

$1,508.00

660 - 699

3.5 %

$1,525.00

640 - 659

3.625 %

$1,542.00

*Updated 2/26/20 - Rates are based on a $250,000 home with a 3.5% down payment, and includes principal, interest, taxes and insurance.  Rates change often and differ based on your state, down payment, and loan amount.  Click here for correct rates based on your situation.  

Best FHA Loan For Rates 775 to 784 Credit Score

They say buying a home is one of the most stressful things you’ll do in life. But that simply isn’t true when you’re working with the Wendy Thompson Lending Team.

FHA loans are one of the easiest types of mortgages to qualify for. 

With a 775, 780, or 784 credit score, you could breeze through the FHA loan application process.

And the best part?

An FHA loan comes with a super-low down payment.

You could get into your dream home with just 3.5% down.

On a $200,000 house, you may only need to save up $7,000 for a down payment.

sample FHA loan Rates by Credit score: 775 to 784 

Fico score

APR

Mo. Payment

780 - 809

3.375%

$1,508.00

740 - 779

3.375%

$1,508.00

700 - 739

3.375 %

$1,508.00

660 - 699

3.5 %

$1,525.00

640 - 659

3.625 %

$1,542.00

*Updated 2/26/20 - Rates are based on a $250,000 home with a 3.5% down payment, and includes principal, interest, taxes and insurance.  Rates change often and differ based on your state, down payment, and loan amount.  Click here for correct rates based on your situation.  

Best FHA Loan For Rates 785 to 794 Credit Score

We’ve talked a lot about interest rates.

But what does that even mean?

Your interest rate, or Annual Percentage Rate (APR), is the amount you’ll pay in interest fees to the lender over the life of your loan.

The higher your credit score, the lower your rate can be.

And that’s a big deal.

An APR that’s just 0.50% higher can mean you’ll pay tens of thousands of dollars more for your mortgage.

Let’s look at those interest rates again…

sample FHA loan Rates by Credit score: 775 to 784

Fico score

APR

Mo. Payment

780 - 809

3.375%

$1,508.00

740 - 779

3.375%

$1,508.00

700 - 739

3.375 %

$1,508.00

660 - 699

3.5 %

$1,525.00

640 - 659

3.625 %

$1,542.00

*Updated 2/26/20 - Rates are based on a $250,000 home with a 3.5% down payment, and includes principal, interest, taxes and insurance.  Rates change often and differ based on your state, down payment, and loan amount.  Click here for correct rates based on your situation.  

This chart shows it is possible to get a pretty good rate on your home loan.

With a few adjustments, you might boost your credit score to qualify for an even better rate. 

More on that in a minute.

Best FHA Loan Rates For 795 To 805 Credit Score

An FHA home loan can help you get into a house, even if you struggle to come up with a down payment.

Because let’s face it:

Not everyone has an extra $5,000 to $7,000 or more in the bank.

That’s where gift funds come in.

A gift can help you come up with the money for your down payment. The only catch is there must be no expectation of repayment.

If a family member, employer, or friend generously gifts you a lump of cash, the money can be used toward the down payment on the house you want to buy.

Before we wrap up, let’s take another look at some sample interest rates for FHA loans.

SAMPLE FHA LOAN RATES BY CREDIT SCORE: 795 TO 810

Fico score

APR

Mo. Payment

780 - 809

3.375%

$1,508.00

740 - 779

3.375%

$1,508.00

700 - 739

3.375 %

$1,508.00

660 - 699

3.5 %

$1,525.00

640 - 659

3.625 %

$1,542.00

*Updated 2/26/20 - Rates are based on a $250,000 home with a 3.5% down payment, and includes principal, interest, taxes and insurance.  Rates change often and differ based on your state, down payment, and loan amount.  Click here for correct rates based on your situation.  

How To Increase Your Credit Score Quickly

With a credit score that’s 765, 770, 775, 780, 785, 790, 795, 800, 805, or 810, your credit is already considered “excellent.”

But it never hurts to bump up your credit score. Here’s how:

  • - Ask to increase your credit limit to improve your credit utilization ratio
  • - Check your credit report and dispute any errors you find
  • - Don’t close unused cards even if they have a zero balance
  • - Pay every bill on time, every time

We’ll do an in-depth assessment of your credit and tell you precisely what you need to do to increase your credit score.

Are You Ready To Start House Shopping?

When you have the power of the Wendy Thompson Lending Team behind you, you’ll have less stress when qualifying for an FHA loan.

Because we’ll give it to you straight.

If you’re ready to buy a home, don’t wait to call us. We’re one of the top-ranked lenders, and we want to help you find the perfect home to build your life.

Unique only to the Wendy Thompson Lending Team is our:
The Tactical FHA Loan Blueprint

Deciding on the right FHA lender is the most important decision you will make. Choosing the wrong lender can result in you losing your dream home or costing you hundreds of thousands of dollars in more interest over the life of your mortgage.  

Don’t make that mistake, contact the Wendy Thompson Lending Team today!  

You can start the process by clicking the yellow 'See if I'm Eligible' button on the right side bar under the 'Start your quote for a Home Loan'  or call Wendy’s Team directly at (901) 250-2294, to get started on living the American Dream in the home of your Dreams!