One of my readers emailed me and posed this question about FHA loans today:

Is there a set rate for FHA home loans that's standard around the country?

For complete information about FHA loans and programs, I'd suggest visiting FHA's website at

I also asked Ernest Tepman of OCD Group who specialize in FHA loans and programs to give us an answer to this question and here's what he says:

The answer is that there is no standard rate for FHA loans, each lender and at times even individual Loan Officers from same lender can offer different rates. The guidelines for the FHA programs are almost identical from lender to lender (but there are lenders who sometimes add individual overlays on FHA guidelines above what FHA actually dictates), which results in strange things occasionally, where a specific file will be eligible for FHA financing with one lender and not the other, not often, but it does happen. Keep in mind FHA only insures the loans, the actual loans are made by banks, so even though your loan is FHA, it is still from Chase, Wells Fargo or Countrywide :-)

READ MORE: Advantages and Disadvantages to FHA

If I can be of any assistance with your Pasadena Real Estate needs, please do not hesitate to email me or call me at (626)629-8439. Thank you!

Interested in more information about Greater Pasadena Area cities, check out our City Guides below:

Alhambra City Guide

Altadena City Guide

Arcadia City Guide

Eagle Rock City Guide

Monterey Hills City Guide

Pasadena City Guide

San Gabriel City Guide

San Marino City Guide

Sierra Madre City Guide

South Pasadena City Guide

And, if you are interested in fun activities to do, take a look at our 365 Things To Do In Pasadena® page.

Thinking of selling your home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Irina Netchaev at (626) 629-8439 to discuss what is happening in today’s Southern California Real Estate Market.