FHA Rate Guide Review

FHA Rate Guide is a handy online tool that connects homebuyers with mortgage lenders. It isn’t a direct lender. Instead, FHA Rate Guides uses an online questionnaire to get to know your situation and find lenders that suit your needs. Because FHA Rate Guide has a special focus on FHA loans, it could be especially useful if you’re interested in securing an FHA loan.

Let’s dig into the details in order to give you a clear picture of how FHA Rate Guide works.

Pros and Cons of FHA Rate Guide

Pros:

Cons:

What Does FHA Rate Guide Offer?

FHA Rate Guide offers a quick way to find personalized quotes from a large network of lenders. So, FHA Rate Guide uses a streamlined online process that asks for details about your situation and goals. Then, it connects you to lenders tailored to your responses.

It’s important to keep in mind that FHA Rate Guide isn’t a direct lender or mortgage broker. So, it doesn’t offer loan origination itself. But FHA Rate Guide is third-party verified by SecureRights. As a result, FHA Rate Guide maintains a high-quality provider network. Accordingly, FHA Rate Guide offers connections to trusted lenders.

What To Expect on the Site

Since FHA Rate Guide provides customized quotes from lenders, you need to answer a few quotations about your situation. While the questionnaire is detailed, it should only take a few minutes to complete. To give you an idea of what you’ll be asked, we’ve highlighted a few questions below:

Once you submit your responses, FHA Rate Guide analyzes your situation and connects you to lenders offering loans that meet your needs. Since it finds lenders based on your situation, it’s of interest to both first-time homebuyers and homeowners who are looking for a new home. So, FHA Rate Guide can be a useful resource to help find the perfect home loan.

Pricing

FHA Rate Guide is a free tool. So, it doesn’t cost you anything to use it to get connected to lenders. Additionally, there’s no obligation to proceed with any lender or offer it finds. However, if you move forward with a lender, then the lender may have fees. And of course, how much you end up paying for a mortgage depends on current rates and your situation. For this reason, the cost varies depending on the terms set by the lender you select.

The Bottom Line

FHA Rate Guide is a straightforward tool that can help jumpstart the process of finding the right home loan. It’s free to use and offers personalized results. And to top it off, FHA Rate Guide offers a fast online process. After a questionnaire that only takes a few minutes, it does the work of shopping around for you. Then, voila! FHA Rate Guide connects you with lenders that provide what you need.

All in all, FHA Rate Guide could prove to be useful as you compare top mortgage lenders.