The personal loan rates for borrowers in FHA loans are among the highest in the country, with average APR of 204.5%.
The highest average APR is for home loans with a total of $250,000 or more.
But the average APR for personal loans is less than half of that.
In fact, the average personal loan loan rate for borrowers with the maximum $250K is only 49.9%.
While borrowers with less than $50K in debt may find a loan that is less expensive than other personal loans, the rates can be higher for borrowers who have more than $100K in credit card debt.
For more information on FHA home loans and FHA mortgage rates, read this article: The Federal Housing Administration (FHA) has announced it is looking to reduce the amount of loans it takes on to prevent a “subprime bubble.”
The agency has also said it is considering an expansion of FHA-insured loans, which could lead to a “recession” of some lenders in the market.