Appleton FHA Loan Rates, Closing Costs & Stats

APPLETON, WI

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).