Angola FHA Loan Rates, Closing Costs & Stats

Angola, IN

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Angola's 35 lenders originated 83 FHA loans during 2024. The total origination value was $16,815,000, with an average FHA loan value of $202,590.

    Angola FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Angola averaged 6.8% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Angola's average FHA mortgage closing costs are $6,149.

    The average rate for the prior week (2025-03-28) was 6.5% and one month ago for the week of 2025-02-28, the average rate was 6.49%.

    The average rate one year ago was 6.7%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.36%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Angola FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Angola level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 12 6.89% $6,694
    QUICKEN LOANS, LLC 10 6.26% $10,212
    GVC MORTGAGE, INC. 10 6.80% $10,029
    HALLMARK HOME MORTGAGE, LLC 4 6.28% $10,402
    Carrington Mortgage Services, LLC 3 6.08% $8,102
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 5.75% $7,417
    CROSSCOUNTRY MORTGAGE, LLC 3 6.54% $9,510
    VAN DYK MORTGAGE CORPORATION 2 7.00% $5,346
    GENEVA FINANCIAL, LLC 2 6.88% $7,347
    MUTUAL OF OMAHA MORTGAGE, INC. 2 7.00% $10,280
    NEWREZ LLC 2 6.25% $10,758
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $7,007
    Merchants Bank of Indiana 1 6.75% $5,295
    MICHIGAN MUTUAL, INC. 1 7.25% $6,096
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $13,538
    PENNYMAC LOAN SERVICES, LLC 1 6.25% $5,566
    POLARIS HOME FUNDING CORP. 1 7.25% $9,718
    Prosperity Home Mortgage, LLC 1 6.62% $15,071
    ROYAL UNITED MORTGAGE LLC 1 6.13% $12,862
    The Federal Savings Bank 1 6.25% $13,319
    The Huntington National Bank 1 6.75% $5,231
    TOTAL MORTGAGE SERVICES, LLC 1 6.63% $10,154
    Union Savings Bank 1 6.63% $7,628
    UNITED WHOLESALE MORTGAGE, LLC 1 6.75% $5,578
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.50% $6,955
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $9,570
    AmeriHome Mortgage Company, LLC 1 6.99% $4,646
    AMERISAVE MORTGAGE CORPORATION 1 7.25% $9,668
    BROKER SOLUTIONS, INC. 1 7.25% $13,235
    ENDEAVOR CAPITAL, LLC. 1 5.63% $7,116
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $4,218
    Fifth Third Bank 1 6.50% $6,807
    Flagstar Bank, FSB 1 6.75% $5,382
    FREEDOM MORTGAGE CORPORATION 1 6.25% $2,658
    GUILD MORTGAGE COMPANY 1 6.63% $7,157

    The top Angola FHA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 12 FHA loans originated. Their average total fees are $6,694, which is $3,517 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Angola FHA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($6,694), GVC MORTGAGE, INC. ($10,029), QUICKEN LOANS, LLC ($10,212), .

    The lowest rate Angola FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.26%), GVC MORTGAGE, INC. (6.80%), RUOFF MORTGAGE COMPANY, INC. (6.89%), .

    Angola FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    ANGOLA, IN STEUBEN 2022 $420,680 $538,650 $651,050 $809,150
    ANGOLA, IN STEUBEN 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Angola (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $242,725 (7.4%) $329,679 (0.7%) 0.00 163
    2018-02-01 $248,475 (9.4%) $335,727 (7.7%) 0.00 163
    2018-03-01 $249,000 (8.3%) $337,683 (8.7%) 0.00 171
    2018-04-01 $247,200 (7.5%) $332,201 (4.0%) 0.00 183
    2018-05-01 $249,900 (3.7%) $325,318 (0.0%) 0.00 202
    2018-06-01 $258,000 (8.7%) $309,417 (-2.7%) 0.00 214
    2018-07-01 $258,950 (10.2%) $306,599 (0.4%) 0.00 217
    2018-08-01 $251,150 (7.6%) $298,248 (-0.7%) 0.00 222
    2018-09-01 $249,450 (12.3%) $307,444 (3.9%) 0.00 222
    2018-10-01 $244,000 (3.1%) $307,055 (-2.2%) 0.00 211
    2018-11-01 $247,175 (1.8%) $304,985 (-3.8%) 0.00 195
    2018-12-01 $230,000 (-4.6%) $299,693 (-8.8%) 0.00 180
    2019-01-01 $229,800 (-5.3%) $291,752 (-11.5%) 0.00 172
    2019-02-01 $227,450 (-8.5%) $287,306 (-14.4%) 0.00 168
    2019-03-01 $250,514 (0.6%) $306,708 (-9.2%) 0.00 161
    2019-04-01 $277,500 (12.3%) $334,209 (0.6%) 0.00 151
    2019-05-01 $284,975 (14.0%) $338,338 (4.0%) 0.00 152
    2019-06-01 $299,900 (16.2%) $363,758 (17.6%) 0.00 158
    2019-07-01 $285,350 (10.2%) $345,122 (12.6%) 0.00 166
    2019-08-01 $278,645 (11.0%) $343,368 (15.1%) 0.00 169
    2019-09-01 $267,314 (7.2%) $346,347 (12.7%) 0.00 164
    2019-10-01 $259,759 (6.5%) $348,936 (13.6%) 0.00 159
    2019-11-01 $264,900 (7.2%) $348,154 (14.2%) 0.00 139
    2019-12-01 $255,450 (11.1%) $337,297 (12.6%) 0.00 128
    2020-01-01 $246,850 (7.4%) $315,512 (8.1%) 0.00 116
    2020-02-01 $259,700 (14.2%) $336,505 (17.1%) 0.00 106
    2020-03-01 $277,450 (10.8%) $361,252 (17.8%) 0.00 115
    2020-04-01 $279,850 (0.9%) $380,076 (13.7%) 0.00 110
    2020-05-01 $269,500 (-5.4%) $374,902 (10.8%) 0.00 103
    2020-06-01 $267,425 (-10.8%) $406,771 (11.8%) 0.00 81
    2020-07-01 $262,650 (-8.0%) $396,026 (14.8%) 0.00 73
    2020-08-01 $256,400 (-8.0%) $385,490 (12.3%) 0.00 71
    2020-09-01 $275,000 (2.9%) $387,466 (11.9%) 0.00 68
    2020-10-01 $252,450 (-2.8%) $353,986 (1.5%) 0.00 66
    2020-11-01 $274,950 (3.8%) $389,176 (11.8%) 0.00 55
    2020-12-01 $275,000 (7.7%) $425,711 (26.2%) 0.00 39
    2021-01-01 $249,000 (0.9%) $470,252 (49.0%) 0.00 26
    2021-02-01 $289,950 (11.7%) $436,193 (29.6%) 0.00 18
    2021-03-01 $297,400 (7.2%) $438,198 (21.3%) 0.00 22
    2021-04-01 $324,900 (16.1%) $555,061 (46.0%) 0.00 31
    2021-05-01 $319,900 (18.7%) $529,212 (41.2%) 0.00 35
    2021-06-01 $317,400 (18.7%) $531,886 (30.8%) 0.00 48
    2021-07-01 $329,900 (25.6%) $532,337 (34.4%) 0.00 54
    2021-08-01 $314,900 (22.8%) $484,601 (25.7%) 0.00 60
    2021-09-01 $309,000 (12.4%) $457,812 (18.2%) 0.00 60
    2021-10-01 $312,000 (23.6%) $433,839 (22.6%) 0.00 51
    2021-11-01 $312,225 (13.6%) $443,113 (13.9%) 0.00 48
    2021-12-01 $341,850 (24.3%) $470,979 (10.6%) 0.00 46
    2022-01-01 $314,700 (26.4%) $460,568 (-2.1%) 0.00 41
    2022-02-01 $373,250 (28.7%) $560,375 (28.5%) 0.00 33
    2022-03-01 $378,725 (27.4%) $563,656 (28.6%) 0.00 32
    2022-04-01 $399,000 (22.8%) $602,778 (8.6%) 0.00 42
    2022-05-01 $417,425 (30.5%) $585,626 (10.7%) 0.00 62
    2022-06-01 $359,900 (13.4%) $509,143 (-4.3%) 0.00 68
    2022-07-01 $349,900 (6.1%) $494,754 (-7.1%) 0.00 68
    2022-08-01 $304,275 (-3.4%) $464,453 (-4.2%) 0.00 69
    2022-09-01 $310,775 (0.6%) $480,897 (5.0%) 0.00 69
    2022-10-01 $320,000 (2.6%) $494,537 (14.0%) 0.00 66
    2022-11-01 $324,500 (3.9%) $516,487 (16.6%) 0.00 72
    2022-12-01 $329,950 (-3.5%) $522,258 (10.9%) 0.00 71
    2023-01-01 $336,200 (6.8%) $524,750 (13.9%) 0.00 62
    2023-02-01 $333,375 (-10.7%) $487,067 (-13.1%) 0.00 61
    2023-03-01 $334,975 (-11.6%) $492,914 (-12.6%) 0.00 65
    2023-04-01 $315,000 (-21.1%) $439,762 (-27.0%) 0.00 57
    2023-05-01 $332,450 (-20.4%) $540,547 (-7.7%) 0.00 61
    2023-06-01 $345,725 (-3.9%) $545,861 (7.2%) 0.00 73
    2023-07-01 $354,950 (1.4%) $540,978 (9.3%) 0.00 83
    2023-08-01 $355,675 (16.9%) $516,029 (11.1%) 0.00 90
    2023-09-01 $389,450 (25.3%) $534,754 (11.2%) 0.00 102
    2023-10-01 $379,925 (18.7%) $550,296 (11.3%) 0.00 98
    2023-11-01 $347,900 (7.2%) $544,140 (5.4%) 0.00 92
    2023-12-01 $364,900 (10.6%) $578,235 (10.7%) 0.00 80
    2024-01-01 $301,475 (-10.3%) $536,154 (2.2%) 0.00 77
    2024-02-01 $309,900 (-7.0%) $537,366 (10.3%) 0.00 76
    2024-03-01 $365,000 (9.0%) $553,057 (12.2%) 0.00 85
    2024-04-01 $376,175 (19.4%) $540,811 (23.0%) 0.00 94
    2024-05-01 $412,425 (24.1%) $580,247 (7.3%) 0.00 114
    2024-06-01 $444,900 (28.7%) $590,063 (8.1%) 0.00 112
    2024-07-01 $417,475 (17.6%) $573,176 (6.0%) 0.00 111
    2024-08-01 $374,900 (5.4%) $541,469 (4.9%) 0.00 125
    2024-09-01 $376,475 (-3.3%) $524,813 (-1.9%) 0.00 135
    2024-10-01 $395,975 (4.2%) $549,312 (-0.2%) 0.00 125
    2024-11-01 $414,500 (19.1%) $570,852 (4.9%) 0.00 117
    2024-12-01 $398,000 (9.1%) $563,690 (-2.5%) 0.00 109
    2025-01-01 $459,000 (52.3%) $602,458 (12.4%) 0.00 89
    2025-02-01 $444,450 (43.4%) $608,390 (13.2%) 0.00 84
    2025-03-01 $439,000 (20.3%) $620,235 (12.2%) 0.00 87
    Angola's median listing price for 2025-03-01 was $439,000, a difference of $74,000 (20.3%) versus the prior year and $-5,450 versus the prior month.

    Angola's median listing price comes in at 0% of the national average.

    Angola's average listing price for 2025-03-01 was $620,235, a difference of $67,178 (12.2%) versus the prior year and $11,845 versus the prior month.

    For the 2025-03-01 period, Angola had 87 MLS listings, a difference of 3 listings (4%) versus the prior month and 2 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Angola (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,979 sqft
    2018-02-01 0 days 1,875 sqft
    2018-03-01 0 days 1,840 sqft
    2018-04-01 0 days 1,820 sqft
    2018-05-01 0 days 1,823 sqft
    2018-06-01 0 days 1,842 sqft
    2018-07-01 0 days 1,854 sqft
    2018-08-01 0 days 1,807 sqft
    2018-09-01 0 days 1,840 sqft
    2018-10-01 0 days 1,829 sqft
    2018-11-01 0 days 1,832 sqft
    2018-12-01 0 days 1,824 sqft
    2019-01-01 0 days 1,757 sqft
    2019-02-01 0 days 1,756 sqft
    2019-03-01 0 days 1,800 sqft
    2019-04-01 0 days 1,842 sqft
    2019-05-01 0 days 1,798 sqft
    2019-06-01 0 days 1,758 sqft
    2019-07-01 0 days 1,774 sqft
    2019-08-01 0 days 1,813 sqft
    2019-09-01 0 days 1,797 sqft
    2019-10-01 0 days 1,794 sqft
    2019-11-01 0 days 1,952 sqft
    2019-12-01 0 days 1,917 sqft
    2020-01-01 0 days 1,815 sqft
    2020-02-01 0 days 1,732 sqft
    2020-03-01 0 days 1,813 sqft
    2020-04-01 0 days 1,776 sqft
    2020-05-01 0 days 1,791 sqft
    2020-06-01 0 days 1,846 sqft
    2020-07-01 0 days 1,846 sqft
    2020-08-01 0 days 1,830 sqft
    2020-09-01 0 days 1,814 sqft
    2020-10-01 0 days 1,768 sqft
    2020-11-01 0 days 1,794 sqft
    2020-12-01 0 days 1,848 sqft
    2021-01-01 0 days 1,880 sqft
    2021-02-01 0 days 1,945 sqft
    2021-03-01 0 days 2,117 sqft
    2021-04-01 0 days 2,298 sqft
    2021-05-01 0 days 1,978 sqft
    2021-06-01 0 days 1,896 sqft
    2021-07-01 0 days 2,220 sqft
    2021-08-01 0 days 2,095 sqft
    2021-09-01 0 days 2,217 sqft
    2021-10-01 0 days 2,126 sqft
    2021-11-01 0 days 1,972 sqft
    2021-12-01 0 days 2,166 sqft
    2022-01-01 0 days 1,835 sqft
    2022-02-01 0 days 2,447 sqft
    2022-03-01 0 days 2,256 sqft
    2022-04-01 0 days 2,123 sqft
    2022-05-01 0 days 1,935 sqft
    2022-06-01 0 days 1,791 sqft
    2022-07-01 0 days 1,852 sqft
    2022-08-01 0 days 1,853 sqft
    2022-09-01 0 days 1,882 sqft
    2022-10-01 0 days 2,016 sqft
    2022-11-01 0 days 2,033 sqft
    2022-12-01 0 days 1,928 sqft
    2023-01-01 0 days 1,994 sqft
    2023-02-01 0 days 1,950 sqft
    2023-03-01 0 days 1,927 sqft
    2023-04-01 0 days 1,872 sqft
    2023-05-01 0 days 1,868 sqft
    2023-06-01 0 days 1,833 sqft
    2023-07-01 0 days 1,875 sqft
    2023-08-01 0 days 1,892 sqft
    2023-09-01 0 days 1,977 sqft
    2023-10-01 0 days 2,001 sqft
    2023-11-01 0 days 2,004 sqft
    2023-12-01 0 days 2,030 sqft
    2024-01-01 0 days 2,019 sqft
    2024-02-01 0 days 2,006 sqft
    2024-03-01 0 days 2,033 sqft
    2024-04-01 0 days 1,998 sqft
    2024-05-01 0 days 2,033 sqft
    2024-06-01 0 days 2,032 sqft
    2024-07-01 0 days 2,000 sqft
    2024-08-01 0 days 1,977 sqft
    2024-09-01 0 days 1,982 sqft
    2024-10-01 0 days 1,977 sqft
    2024-11-01 0 days 1,977 sqft
    2024-12-01 0 days 1,927 sqft
    2025-01-01 0 days 1,864 sqft
    2025-02-01 0 days 1,853 sqft
    2025-03-01 0 days 1,852 sqft
    Angola's median listing age (time on market) for 2025-03-01 was 0 days.

    Angola's median square footage for active listings during the 2025-03-01 period was 1,852 sqft. One year prior, the average listing was 2,033 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).