Appleton FHA Loan Rates, Closing Costs & Stats

APPLETON, WI

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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.

    Appleton's 65 lenders originated 289 FHA loans during 2024. The total origination value was $71,685,000, with an average FHA loan value of $248,045.

    Appleton FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Appleton averaged 0.15% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

    Appleton's average FHA mortgage closing costs are $6,830.

    The average rate for the prior week (2025-06-27) was 6.44% and one month ago for the week of 2025-05-30, the average rate was 6.71%.

    The average rate one year ago was 6.93%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.2%.

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

    Appleton 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 Appleton level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 24 6.43% $10,941
    PENNYMAC LOAN SERVICES, LLC 22 6.17% $8,930
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 7.09% $10,472
    GUILD MORTGAGE COMPANY 14 6.72% $10,041
    UNITED WHOLESALE MORTGAGE, LLC 13 6.24% $10,878
    PRIMARY RESIDENTIAL MORTGAGE, INC. 13 7.14% $13,275
    Nations Lending Corporation 12 6.84% $9,617
    FREEDOM MORTGAGE CORPORATION 11 6.34% $12,998
    FIRST COLONY MORTGAGE CORPORATION 8 6.64% $9,218
    Ixonia Bank 8 6.95% $10,091
    CARDINAL FINANCIAL 5 7.05% $13,185
    Home State Bank 5 6.82% $8,305
    LAKEVIEW LOAN SERVICING, LLC 5 6.60% $8,638
    Paramount Residential Mortgage Group, Inc. 5 6.28% $10,881
    ENVOY MORTGAGE, LTD 5 7.65% $11,899
    GSF Mortgage Corporation 5 7.05% $8,925
    GUARANTEED RATE, INC. 5 6.96% $8,698
    Waterstone Mortgage Corporation 5 7.18% $9,704
    LOANDEPOT.COM, LLC 4 6.66% $11,203
    Flagstar Bank, FSB 4 6.36% $7,912
    V.I.P. MORTGAGE, INC. 4 6.09% $10,295
    CROSSCOUNTRY MORTGAGE, LLC 4 7.22% $8,962
    Wells Fargo Bank 3 6.08% $8,713
    MUTUAL OF OMAHA MORTGAGE, INC. 3 7.04% $12,621
    AMERICAN FINANCIAL NETWORK, INC. 3 6.54% $13,200
    BROKER SOLUTIONS, INC. 3 6.62% $15,268
    U.S. Bank 3 6.08% $8,137
    JPMorgan Chase Bank 3 6.08% $8,800
    VILLAGE CAPITAL MORTGAGE 3 6.46% $8,098
    LOANPAL, LLC 2 5.38% $13,579
    PLANET HOME LENDING, LLC 2 6.25% $8,720
    Carrington Mortgage Services, LLC 2 6.38% $12,671
    POINT Mortgage 2 6.31% $8,305
    Associated Bank 2 6.31% $7,656
    American Mortgage & Equity Consultants, Inc. 2 6.56% $10,251
    LENOX FINANCIAL MORTGAGE CORPORATION 2 6.25% $7,382
    AMERICAN FINANCING CORPORATION 2 5.44% $15,418
    MOVEMENT MORTGAGE, LLC 2 7.25% $10,224
    Wolfe Financial, Inc 1 7.25% $16,065
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.99% $17,472
    AmeriHome Mortgage Company, LLC 1 7.13% $4,042
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $13,484
    Barrington Bank & Trust Company, N.A. 1 7.25% $7,744
    BETTER MORTGAGE CORPORATION 1 4.75% $21,801
    CHURCHILL MORTGAGE CORPORATION 1 7.13% $13,786
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.38% $9,576
    EMM LOANS LLC 1 5.38% $12,227
    ENDEAVOR CAPITAL, LLC. 1 6.25% $14,510
    Equity Prime Mortgage LLC 1 6.13% $5,529
    EVERETT FINANCIAL, INC. 1 6.63% $9,538
    GENEVA FINANCIAL, LLC 1 7.13% $16,331
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.00% $6,008
    HOMESIDE FINANCIAL, LLC 1 5.75% $14,399
    LIBERTY HOME MORTGAGE CORPORATION 1 6.13% $11,003
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $20,420
    M&T Bank 1 6.25% $5,300
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.13% $8,315
    PLAZA HOME MORTGAGE, INC. 1 6.75% $16,036
    Summit Mortgage Corporation 1 7.25% $8,785
    SUN WEST MORTGAGE COMPANY, INC. 1 4.75% $11,899
    TOTAL MORTGAGE SERVICES, LLC 1 6.63% $6,782
    TOWNE MORTGAGE COMPANY 1 6.63% $10,968
    Truist 1 5.88% $5,827
    UNION HOME MORTGAGE CORP. 1 6.25% $9,819
    VERITAS FUNDING, LLC 1 6.63% $13,722

    The top Appleton FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 24 FHA loans originated. Their average total fees are $10,941, which is $2,011 higher than the next largest lender, PENNYMAC LOAN SERVICES, LLC.

    The lowest fee Appleton FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC ($8,930), Nations Lending Corporation ($9,617), GUILD MORTGAGE COMPANY ($10,041), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($10,472) and UNITED WHOLESALE MORTGAGE, LLC ($10,878).

    The lowest rate Appleton FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (6.17%), UNITED WHOLESALE MORTGAGE, LLC (6.24%), FREEDOM MORTGAGE CORPORATION (6.34%), QUICKEN LOANS, LLC (6.43%) and GUILD MORTGAGE COMPANY (6.72%).

    Appleton FHA Loan Limits

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

    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).