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FHA refinance rates

Jeff Ostrowski Written by
,
Jeff Ostrowski
Alice Holbrook Edited by
Alice Holbrook
Updated on May 18, 2026
On Monday, May 18, 2026, the national average 30-year FHA refinance APR is 6.74%. The average 30-year fixed FHA mortgage APR is 6.32%, according to Bankrate's latest survey of the nation's largest mortgage lenders.
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FHA refinance rates today

Showing results for: Rate-and-term refinance offers for Single-family home, 30 year fixed and 5 year ARM mortgages with all points options.

The listings that appear on this page are from companies from which this website receives compensation.

McGlone Mortgage Group 30 year FHA refinance
NMLS #3232
Rate as of 5/18/26
5.250%
APR
6.023%
Points: 2
Monthly payment
$1,568
Upfront costs: $10,7958 year cost: $110,094
Customer score
The Central Trust Bank 30 year FHA refinance
NMLS #407985
Rate as of 5/18/26
5.490%
APR
6.214%
Points: 1.465
Monthly payment
$1,634
Upfront costs: $10,5458 year cost: $114,868
Customer score
loanDepot 30 year FHA refinance
NMLS #174457
Rate as of 5/18/26
5.500%
APR
6.309%
Points: 1.981
Monthly payment
$1,609
Upfront costs: $11,5458 year cost: $116,077
Customer score
(833) 235-7744
Sage Home Loans 30 year fixed refinance
NMLS #3304
State Lic: RM.850026.000
Rate as of 5/18/26
5.748%
APR
5.927%
Points: 1.352
Monthly payment
$1,540
Upfront costs: $5,0638 year cost: $119,424
Customer score
(855) 841-1746
Tomo 30 year fixed refinance
NMLS #2059741
State Lic: RM.804811.000
Rate as of 5/18/26
5.750%
APR
5.963%
Points: 1.54
Monthly payment
$1,545
Upfront costs: $5,7658 year cost: $119,798
Customer score
third federal savings and loan 30 year fixed refinance
NMLS #449401
Rate as of 5/18/26
5.690%
APR
5.930%
Points: 2
Monthly payment
$1,531
Upfront costs: $6,7758 year cost: $119,916
Customer score
Rocket Mortgage 30 year FHA refinance
NMLS #3030
Rate as of 5/18/26
5.750%
APR
6.599%
Points: 2
Monthly payment
$1,651
Upfront costs: $12,4008 year cost: $122,183
Customer score
AimLoan 30 year fixed refinance
NMLS #2890
State Lic: RM.850089.000
Rate as of 5/18/26
5.875%
APR
6.097%
Points: 1.974
Monthly payment
$1,562
Upfront costs: $6,2068 year cost: $123,240
Customer score
Bison State Bank 30 year fixed refinance
NMLS #757416
Rate as of 5/18/26
5.875%
APR
6.104%
Points: 1.562
Monthly payment
$1,562
Upfront costs: $6,4188 year cost: $123,452
Customer score
third federal savings and loan 30 year FHA refinance
NMLS #449401
Rate as of 5/18/26
6.190%
APR
6.747%
Points: 0
Monthly payment
$1,725
Upfront costs: $4,6208 year cost: $123,681
Customer score
Real Genius 30 year fixed refinance
NMLS #2389303
State Lic: RM.804955.000
Rate as of 5/18/26
5.990%
APR
6.176%
Points: 1.476
Monthly payment
$1,582
Upfront costs: $5,1918 year cost: $124,649
Customer score
New American Funding 30 year FHA refinance
NMLS #6606
Rate as of 5/18/26
5.990%
APR
6.799%
Points: 1.954
Monthly payment
$1,719
Upfront costs: $12,3688 year cost: $126,679
Customer score

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About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our “Advertisers”). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a “Next” button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser.

Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

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Loans Above $832,750 May Have Different Loan Terms: If you are seeking a loan for more than $832,750, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

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On This Page

Weekly national mortgage interest rate trends

Current refinance rates  

30 year fixed FHA refinance 6.68%

FHA refinance rates today

Product Interest Rate APR
30-Year FHA Rate 6.70% 6.74%
30-Year Fixed Rate 6.69% 6.76%
20-Year Fixed Rate 6.48% 6.57%
15-Year Fixed Rate 6.01% 6.10%
30-Year VA Rate 6.51% 6.54%

Rates as of Monday, May 18, 2026 at 6:30 AM

Types of FHA refinance loans

There are a few ways to refinance an FHA loan:

  • Rate-and-term FHA refinance: Refinancing an FHA loan to adjust the interest rate or term or both, but without taking cash out
  • FHA cash-out refinance: Refinancing an FHA loan to adjust the interest rate or term or both, as well as taking cash out
  • FHA streamline refinance: Refinancing an FHA loan to adjust the interest rate or term or both without an appraisal, credit check or income verification
  • 203(k) loan or rehabilitation mortgage: Financing up to $35,000 into your mortgage to repair, upgrade or improve a single-family home
Learn more: Types of mortgage refinance options

Should you refinance your FHA loan? 

To decide whether refinancing your mortgage is a good idea, you’ll need to figure out when you’ll break even on your costs. You can calculate the break-even point by adding up your refinancing closing costs and figuring out how much you’ll save on your new monthly mortgage payment compared to your previous one. Your break-even point occurs when your savings outstrip the amount you spent on refinancing. Refinancing typically makes sense if you plan to stay in your home long enough to reach the break-even point. 

If you’ve decided it makes sense to refinance, you have options: You can refinance from an FHA loan to a conventional loan, which might allow you to eliminate mortgage insurance premiums, or you could refinance to another type of loan, such as a VA loan. You might also refinance to another FHA loan. If you choose this approach, there are benefits and drawbacks:

Pros of FHA refinancing

  • Potential to lower your interest rate and reduce your monthly loan payment
  • Open to those with credit scores as low as 580
  • Streamline refinances available with no credit check or income verification
  • Cash-out refinance can provide you with funds needed for expenses like renovations

Cons of FHA refinancing

How to get the best FHA refinance rate

  1. Work on your credit score. For the most competitive FHA refinance rate, you’ll need good to excellent credit, though you can still qualify with a score as low as 580.
  2. Improve your debt-to-income (DTI) ratio. Generally, the lower your DTI ratio, the better your rate.
  3. Shop around and compare multiple offers. This step can save you thousands of dollars over the life of the loan. Consider the interest rate as well as the annual percentage rate (APR). The latter accounts for the lender’s fees. When you’re refinancing, lower fees help you break-even sooner.
Learn more: How to get the best refinance rate

FHA mortgage refinance FAQ

Additional FHA resources

Jeff Ostrowski
Written by
Jeff Ostrowski Jeff Ostrowski Arrow Right Icon
Writer and Housing Market Analyst
Read more from Jeff
Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate in 2020, he spent more than 20 years writing about real estate, business, the economy and politics.
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Expertise
  • Mortgages
  • Mortgage refinancing
Alice Holbrook
Edited by
Alice Holbrook
Editor, Home lending

Mortgage rates in other states