That's because home mortgage rates are generally tiered, as well as usually lower prices are offered for those with a down payment of 20% or more. When possible, contact your lending institution to see if raising your down payment will decrease your home mortgage rate of interest. While there are finance limitations to FHA home loans, throughout the years, the FHA has actually increased the ceiling. Hence, it is feasible to get a big sufficient financing if you plan to acquire a home in a high-cost location.