What are todays FHA loan rates?

As of March 2026, FHA 30-year fixed rates start at 5.750% and FHA 15-year fixed rates start at 5.500%.

Are FHA rates lower than conventional?

Yes. FHA rates are typically 0.25-0.50% lower than conventional rates due to the FHA guaranty reducing lender risk.

vahomeloans.services

Looking for FHA loans? Visit our dedicated FHA site: fhahomeloans.services/fha-pre-approval/ →

QUICK ANSWER — FHA pre-approval takes 24 hours and requires pay stubs, W-2s, tax returns, bank statements, and a credit check. A pre-approval letter shows sellers your approved loan amount and strengthens your offer. Valley West Mortgage offers free FHA pre-approval with no application fees.

Reviewed by Vatche Saatdjian·Valley West Mortgage·NMLS #65506·790+ five-star reviews

FHA Pre-Approval

Pre-approval in 24 hours. See exactly how much home you can afford. Sellers take pre-approved buyers seriously.

Check What You Qualify For → (702) 696-9900

790+

Five-Star Reviews

3.5%

Min Down Payment

50+

Lenders Shopped

Avg Days to Close

DOCUMENTS

What You Need

Income

Last 2 pay stubs, W-2s from past 2 years, federal tax returns. Self-employed: 2 years business returns + P&L.

Assets

Last 2 months bank statements for all accounts. Gift fund documentation if using gift money for down payment.

Identity & Credit

Government ID. Credit report pulled by lender. Explanation letters for any derogatory marks if applicable.

FAQ

Questions? Answered.

Most FHA pre-approvals are issued within 24 hours of document submission. Valley West can do same-day pre-approval when all documents are provided. The initial rate check with no SSN takes 60 seconds.

Yes, full pre-approval requires a hard inquiry (2-5 point temporary drop). Multiple mortgage inquiries within 14-45 days count as one. Valley West offers a soft-pull initial check with no credit impact.

Most pre-approval letters are valid 60-90 days. If it expires before you find a home, Valley West can re-verify your information and issue an updated letter quickly.

No. Pre-approval is a conditional commitment based on your finances. Final approval happens after the property appraisal and underwriting. Pre-approval is about 90% of the way to a final approval.

Yes. Apply at vahomeloans.services/apply in 60 seconds. Upload documents securely. Valley West reviews everything and issues your pre-approval letter, typically within 24 hours.