Go Back To Search Results Question Do FHA mortgage loans interest rates vary by lender or are they the same across the board in your area? Thank you, Michael. Do you know if the interest rate is negotiable or it will just vary by the lender? By Amy Posted on 10/05/09 Total Answers 1 Answers- Yes it can vary. It depends on the Yield Spread Premium the mortgage broker or banker is getting. In other words how much they are getting from the lender for doing the loan with them. Yes, the rate is negotiable. Just find a broker or banker who isn't too greedy. Ask them what the par rate for FHA loans are and they should tell you. The par rate is the going rate without any yield spread premium (ysp). These days brokers try to make the standard rate of 1 point, either 1 point on origination fee or a combo of origination and YSP. Good luck! Answer by : Michael On Date 2009-10-05 19:50:41   Go Back To Search Results