FHA Loan Calculator & Mortgage Qualifier
FHA loans are popular for first-time buyers and borrowers who want a low down payment. But qualification depends on your income, monthly debts, and how much of your payment is taken up by taxes, insurance, HOA, and FHA mortgage insurance (MIP).
Use our FHA qualifier calculator below to estimate the maximum home price and payment you may qualify for, then compare lenders in the FHA mortgage rate table.
FHA Mortgage Qualifier Calculator
Enter your income and monthly debts to estimate a maximum FHA housing payment (PITI + MIP) and the home price that payment could support. This is a planning estimate, lenders can apply overlays and may use different DTI caps.
Your Details
Monthly housing costs
FHA mortgage insurance assumptions (advanced)
These are planning defaults. FHA MIP can vary by loan amount, LTV, and term.
Tip: For conversion, keep the default values realistic and use the rate table above/below this calculator so users naturally click to compare lenders.
Qualification Estimate
Based on your inputs, your income and debts appear to support an FHA-style payment within common DTI ranges.
With a 580+ score, FHA commonly allows as little as 3.5% down (lender overlays may apply).
Maximum FHA Financing (Planning Estimate)
Next step: compare FHA lenders in the rate table and request a quote to confirm pricing and lender overlays.
Once a user sees a “max home price,” they’re primed to click. Place an FHA rate table directly below this block and label it “Compare FHA lenders for this scenario.”
What to adjust to qualify for more
- Reduce monthly debts (pay down cards/loans) to increase back-end DTI room
- Increase down payment to lower the loan amount and monthly MIP
- Lower the interest rate by shopping lenders (or using points strategically)
- Use accurate taxes/insurance for your area, small changes can move affordability
Estimates are for planning only. Rates, insurance, taxes, and FHA mortgage insurance rules vary. Always confirm eligibility and costs with lenders.
Current FHA Mortgage Rates
Compare today’s FHA mortgage rates from multiple lenders. Click a lender to view details or request more information. Rates and availability vary by borrower profile, location, and property type.
FHA Qualification Guide (Rates, Limits, MIP & Requirements)
FHA loans are insured by the Federal Housing Administration (HUD), which can make them easier to qualify for than conventional loans, especially with lower down payments or less-than-perfect credit. But FHA mortgage insurance (MIP) changes the real monthly payment, so it’s important to estimate the full housing cost.
What this page helps you do
- Estimate a maximum FHA housing payment using common DTI guidelines
- Include taxes, insurance, HOA, and FHA MIP in the estimate
- Translate a target payment into a rough maximum FHA loan amount and home price
- Compare current FHA mortgage rates from multiple lenders
FHA down payment and credit score basics
Many borrowers target the minimum FHA down payment of 3.5%. Some lenders may require higher credit scores than FHA’s baseline guidelines (called “overlays”), so it’s smart to compare lenders.
FHA mortgage insurance (MIP)
FHA mortgage insurance typically includes an upfront premium (often financed into the loan) and an annual premium paid monthly. That monthly MIP can be a meaningful part of the all-in payment, which is why our qualifier calculator estimates MIP when projecting affordability.
FHA Loan FAQs
What credit score do I need for an FHA loan?
FHA guidelines are flexible, but lenders often apply overlays. Many borrowers aim for 580+ for the lowest down payment, but requirements vary. The fastest way to know is to compare multiple lenders and ask about score minimums for FHA.
How is FHA mortgage insurance (MIP) calculated?
FHA MIP is usually based on a percentage of the loan amount. There is often an upfront premium and an annual premium paid monthly. The rate depends on term, loan size, and LTV in many cases.
What DTI does FHA allow?
FHA underwriting often uses front-end and back-end DTI guidelines. Many lenders target around 31% housing and 43% total, but approvals can vary by lender and compensating factors.
What are FHA loan limits?
FHA loan limits vary by county and property type and are updated over time. If your home price is near the limit, you may need a larger down payment or to explore other loan options.
Is an FHA loan a good idea compared with conventional?
FHA can be a strong option for lower down payments or more flexible credit, but mortgage insurance works differently. It’s best to compare FHA vs conventional offers side-by-side using the same home price and down payment.
Compare FHA Lenders and See What You May Qualify For
Use the FHA qualifier calculator above to estimate a target payment and home price, then compare lenders in the FHA rate table. Clicking a lender is the fastest way to see real offers and next steps.
Browse All Current Mortgage Rates