Cambridge FHA Loan Rates, Closing Costs & Stats

Cambridge, OH

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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.

    Cambridge's 29 lenders originated 104 FHA loans during 2024. The total origination value was $17,510,000, with an average FHA loan value of $168,365.

    Cambridge FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Cambridge averaged 6.76% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

    Cambridge's average FHA mortgage closing costs are $6,944.

    The average rate for the prior week (2025-05-16) was 6.69% and one month ago for the week of 2025-04-18, the average rate was 6.82%.

    The average rate one year ago was 6.99%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.41%.

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

    Cambridge 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 Cambridge level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 13 6.47% $10,283
    The Huntington National Bank 9 6.58% $7,353
    CROSSCOUNTRY MORTGAGE, LLC 8 6.99% $9,535
    UNITED WHOLESALE MORTGAGE, LLC 5 6.00% $11,251
    Ixonia Bank 5 6.53% $9,517
    RUOFF MORTGAGE COMPANY, INC. 4 6.38% $10,262
    MID AMERICA MORTGAGE, INC. 3 6.83% $6,634
    J. VIRGIL, INC. 3 6.79% $8,005
    FREEDOM MORTGAGE CORPORATION 3 6.71% $8,091
    WesBanco 2 6.25% $6,181
    LOANDEPOT.COM, LLC 2 6.63% $7,014
    NFM, INC. 2 7.44% $11,669
    AMERISAVE MORTGAGE CORPORATION 2 5.63% $13,974
    U.S. Bank 1 6.75% $5,857
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $21,756
    NEWREZ LLC 1 7.25% $8,276
    VILLAGE CAPITAL MORTGAGE 1 6.13% $5,630
    Peoples Bank 1 6.63% $6,319
    FIRST COLONY MORTGAGE CORPORATION 1 6.13% $7,254
    EQUITY RESOURCES, INC. 1 6.63% $10,499
    Servion, Inc. 1 6.13% $8,761
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 7.00% $3,082
    T2 FINANCIAL LLC 1 7.00% $8,463
    EMM LOANS LLC 1 5.99% $10,003
    TJC Mortgage, Inc. 1 5.75% $14,262
    CARDINAL FINANCIAL 1 7.75% $7,291
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.00% $5,782
    Flagstar Bank, FSB 1 7.75% $9,238
    LIBERTY HOME MORTGAGE CORPORATION 1 6.50% $8,031

    The top Cambridge FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 13 FHA loans originated. Their average total fees are $10,283, which is $2,930 higher than the next largest lender, The Huntington National Bank.

    The lowest fee Cambridge FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($10,283), .

    The lowest rate Cambridge FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.47%), .

    Cambridge FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Cambridge (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 $120,925 (15.8%) $173,800 (20.1%) 0.00 137
    2018-02-01 $109,000 (-4.3%) $168,758 (14.5%) 0.00 145
    2018-03-01 $107,500 (-3.5%) $168,398 (13.1%) 0.00 144
    2018-04-01 $109,700 (-7.4%) $177,276 (13.4%) 0.00 145
    2018-05-01 $122,475 (1.9%) $186,050 (18.3%) 0.00 150
    2018-06-01 $111,450 (-4.8%) $182,630 (15.7%) 0.00 146
    2018-07-01 $125,475 (14.2%) $181,820 (18.3%) 0.00 158
    2018-08-01 $125,425 (7.2%) $182,235 (12.6%) 0.00 164
    2018-09-01 $127,400 (6.3%) $180,973 (6.2%) 0.00 167
    2018-10-01 $137,175 (19.3%) $181,618 (5.5%) 0.00 175
    2018-11-01 $119,975 (9.2%) $176,040 (7.5%) 0.00 172
    2018-12-01 $118,000 (5.0%) $174,154 (2.7%) 0.00 154
    2019-01-01 $126,925 (5.0%) $176,438 (1.5%) 0.00 145
    2019-02-01 $137,400 (26.1%) $182,341 (8.1%) 0.00 134
    2019-03-01 $139,900 (30.1%) $192,667 (14.4%) 0.00 130
    2019-04-01 $140,550 (28.1%) $203,707 (14.9%) 0.00 127
    2019-05-01 $149,825 (22.3%) $218,105 (17.2%) 0.00 130
    2019-06-01 $145,000 (30.1%) $209,848 (14.9%) 0.00 160
    2019-07-01 $140,550 (12.0%) $207,638 (14.2%) 0.00 165
    2019-08-01 $142,900 (13.9%) $209,942 (15.2%) 0.00 171
    2019-09-01 $142,900 (12.2%) $213,880 (18.2%) 0.00 178
    2019-10-01 $141,200 (2.9%) $218,857 (20.5%) 0.00 183
    2019-11-01 $142,900 (19.1%) $232,216 (31.9%) 0.00 174
    2019-12-01 $136,325 (15.5%) $219,872 (26.3%) 0.00 158
    2020-01-01 $139,900 (10.2%) $233,264 (32.2%) 0.00 124
    2020-02-01 $139,900 (1.8%) $249,337 (36.7%) 0.00 105
    2020-03-01 $158,250 (13.1%) $251,893 (30.7%) 0.00 91
    2020-04-01 $159,900 (13.8%) $250,726 (23.1%) 0.00 94
    2020-05-01 $165,000 (10.1%) $261,343 (19.8%) 0.00 93
    2020-06-01 $143,650 (-0.9%) $233,157 (11.1%) 0.00 99
    2020-07-01 $141,950 (1.0%) $224,689 (8.2%) 0.00 97
    2020-08-01 $122,450 (-14.3%) $197,497 (-5.9%) 0.00 94
    2020-09-01 $131,500 (-8.0%) $198,236 (-7.3%) 0.00 97
    2020-10-01 $147,000 (4.1%) $196,885 (-10.0%) 0.00 99
    2020-11-01 $149,675 (4.7%) $193,791 (-16.6%) 0.00 90
    2020-12-01 $167,050 (22.5%) $198,390 (-9.8%) 0.00 78
    2021-01-01 $174,000 (24.4%) $199,377 (-14.5%) 0.00 65
    2021-02-01 $181,175 (29.5%) $204,358 (-18.0%) 0.00 60
    2021-03-01 $172,200 (8.8%) $213,830 (-15.1%) 0.00 51
    2021-04-01 $172,450 (7.9%) $227,090 (-9.4%) 0.00 45
    2021-05-01 $189,900 (15.1%) $243,761 (-6.7%) 0.00 37
    2021-06-01 $161,175 (12.2%) $235,026 (0.8%) 0.00 44
    2021-07-01 $194,900 (37.3%) $334,905 (49.1%) 0.00 42
    2021-08-01 $185,950 (51.9%) $315,741 (59.9%) 0.00 53
    2021-09-01 $176,950 (34.6%) $298,437 (50.6%) 0.00 65
    2021-10-01 $184,900 (25.8%) $294,481 (49.6%) 0.00 69
    2021-11-01 $179,975 (20.2%) $286,687 (47.9%) 0.00 77
    2021-12-01 $181,250 (8.5%) $296,874 (49.6%) 0.00 66
    2022-01-01 $179,999 (3.5%) $310,371 (55.7%) 0.00 59
    2022-02-01 $163,950 (-9.5%) $295,247 (44.5%) 0.00 58
    2022-03-01 $219,250 (27.3%) $301,478 (41.0%) 0.00 61
    2022-04-01 $204,950 (18.9%) $300,317 (32.3%) 0.00 57
    2022-05-01 $226,175 (19.1%) $315,960 (29.6%) 0.00 51
    2022-06-01 $195,175 (21.1%) $285,095 (21.3%) 0.00 60
    2022-07-01 $170,000 (-12.8%) $270,013 (-19.4%) 0.00 72
    2022-08-01 $180,900 (-2.7%) $272,123 (-13.8%) 0.00 82
    2022-09-01 $202,172 (14.3%) $284,659 (-4.6%) 0.00 99
    2022-10-01 $199,900 (8.1%) $282,095 (-4.2%) 0.00 90
    2022-11-01 $204,700 (13.7%) $237,705 (-17.1%) 0.00 83
    2022-12-01 $197,250 (8.8%) $225,983 (-23.9%) 0.00 82
    2023-01-01 $198,600 (10.3%) $223,863 (-27.9%) 0.00 80
    2023-02-01 $225,000 (37.2%) $240,416 (-18.6%) 0.00 71
    2023-03-01 $226,111 (3.1%) $249,639 (-17.2%) 0.00 71
    2023-04-01 $219,900 (7.3%) $250,026 (-16.8%) 0.00 76
    2023-05-01 $210,625 (-6.9%) $247,195 (-21.8%) 0.00 62
    2023-06-01 $208,750 (7.0%) $256,745 (-9.9%) 0.00 53
    2023-07-01 $199,700 (17.5%) $287,159 (6.4%) 0.00 48
    2023-08-01 $161,700 (-10.6%) $281,791 (3.6%) 0.00 50
    2023-09-01 $179,950 (-11.0%) $302,466 (6.3%) 0.00 54
    2023-10-01 $185,000 (-7.5%) $308,437 (9.3%) 0.00 61
    2023-11-01 $199,864 (-2.4%) $296,821 (24.9%) 0.00 65
    2023-12-01 $185,000 (-6.2%) $275,564 (21.9%) 0.00 65
    2024-01-01 $171,950 (-13.4%) $257,133 (14.9%) 0.00 64
    2024-02-01 $188,975 (-16.0%) $279,235 (16.2%) 0.00 64
    2024-03-01 $199,900 (-11.6%) $261,296 (4.7%) 0.00 69
    2024-04-01 $192,950 (-12.3%) $247,481 (-1.0%) 0.00 72
    2024-05-01 $204,600 (-2.9%) $257,741 (4.3%) 0.00 80
    2024-06-01 $235,000 (12.6%) $261,881 (2.0%) 0.00 86
    2024-07-01 $202,000 (1.2%) $249,203 (-13.2%) 0.00 110
    2024-08-01 $187,250 (15.8%) $250,344 (-11.2%) 0.00 118
    2024-09-01 $197,000 (9.5%) $254,647 (-15.8%) 0.00 111
    2024-10-01 $189,550 (2.5%) $255,737 (-17.1%) 0.00 114
    2024-11-01 $194,250 (-2.8%) $251,814 (-15.2%) 0.00 118
    2024-12-01 $219,475 (18.6%) $255,510 (-7.3%) 0.00 110
    2025-01-01 $219,000 (27.4%) $254,721 (-0.9%) 0.00 104
    2025-02-01 $229,450 (21.4%) $266,686 (-4.5%) 0.00 79
    2025-03-01 $222,400 (11.3%) $256,104 (-2.0%) 0.00 76
    2025-04-01 $223,425 (15.8%) $254,884 (3.0%) 0.00 77
    Cambridge's median listing price for 2025-04-01 was $223,425, a difference of $30,475 (15.8%) versus the prior year and $1,025 versus the prior month.

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

    Cambridge's average listing price for 2025-04-01 was $254,884, a difference of $7,403 (3.0%) versus the prior year and $-1,220 versus the prior month.

    For the 2025-04-01 period, Cambridge had 77 MLS listings, a difference of 1 listings (1%) versus the prior month and 5 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Cambridge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,536 sqft
    2018-02-01 0 days 1,464 sqft
    2018-03-01 0 days 1,471 sqft
    2018-04-01 0 days 1,469 sqft
    2018-05-01 0 days 1,491 sqft
    2018-06-01 0 days 1,499 sqft
    2018-07-01 0 days 1,713 sqft
    2018-08-01 0 days 1,694 sqft
    2018-09-01 0 days 1,704 sqft
    2018-10-01 0 days 1,679 sqft
    2018-11-01 0 days 1,680 sqft
    2018-12-01 0 days 1,697 sqft
    2019-01-01 0 days 1,793 sqft
    2019-02-01 0 days 1,832 sqft
    2019-03-01 0 days 1,819 sqft
    2019-04-01 0 days 1,771 sqft
    2019-05-01 0 days 1,610 sqft
    2019-06-01 0 days 1,598 sqft
    2019-07-01 0 days 1,708 sqft
    2019-08-01 0 days 1,740 sqft
    2019-09-01 0 days 1,761 sqft
    2019-10-01 0 days 1,776 sqft
    2019-11-01 0 days 1,764 sqft
    2019-12-01 0 days 1,720 sqft
    2020-01-01 0 days 1,699 sqft
    2020-02-01 0 days 1,724 sqft
    2020-03-01 0 days 1,834 sqft
    2020-04-01 0 days 1,858 sqft
    2020-05-01 0 days 1,900 sqft
    2020-06-01 0 days 1,746 sqft
    2020-07-01 0 days 1,703 sqft
    2020-08-01 0 days 1,657 sqft
    2020-09-01 0 days 1,680 sqft
    2020-10-01 0 days 1,661 sqft
    2020-11-01 0 days 1,776 sqft
    2020-12-01 0 days 1,757 sqft
    2021-01-01 0 days 1,800 sqft
    2021-02-01 0 days 1,969 sqft
    2021-03-01 0 days 1,776 sqft
    2021-04-01 0 days 1,556 sqft
    2021-05-01 0 days 1,752 sqft
    2021-06-01 0 days 1,679 sqft
    2021-07-01 0 days 2,000 sqft
    2021-08-01 0 days 1,805 sqft
    2021-09-01 0 days 1,824 sqft
    2021-10-01 0 days 1,897 sqft
    2021-11-01 0 days 1,856 sqft
    2021-12-01 0 days 1,830 sqft
    2022-01-01 0 days 1,831 sqft
    2022-02-01 0 days 1,902 sqft
    2022-03-01 0 days 2,030 sqft
    2022-04-01 0 days 2,008 sqft
    2022-05-01 0 days 2,021 sqft
    2022-06-01 0 days 1,948 sqft
    2022-07-01 0 days 1,920 sqft
    2022-08-01 0 days 1,910 sqft
    2022-09-01 0 days 1,862 sqft
    2022-10-01 0 days 1,767 sqft
    2022-11-01 0 days 1,651 sqft
    2022-12-01 0 days 1,574 sqft
    2023-01-01 0 days 1,742 sqft
    2023-02-01 0 days 1,969 sqft
    2023-03-01 0 days 1,940 sqft
    2023-04-01 0 days 1,804 sqft
    2023-05-01 0 days 1,866 sqft
    2023-06-01 0 days 1,669 sqft
    2023-07-01 0 days 1,693 sqft
    2023-08-01 0 days 1,565 sqft
    2023-09-01 0 days 1,664 sqft
    2023-10-01 0 days 1,580 sqft
    2023-11-01 0 days 1,679 sqft
    2023-12-01 0 days 1,632 sqft
    2024-01-01 0 days 1,568 sqft
    2024-02-01 0 days 1,662 sqft
    2024-03-01 0 days 1,672 sqft
    2024-04-01 0 days 1,629 sqft
    2024-05-01 0 days 1,691 sqft
    2024-06-01 0 days 1,776 sqft
    2024-07-01 0 days 1,759 sqft
    2024-08-01 0 days 1,666 sqft
    2024-09-01 0 days 1,706 sqft
    2024-10-01 0 days 1,640 sqft
    2024-11-01 0 days 1,633 sqft
    2024-12-01 0 days 1,633 sqft
    2025-01-01 0 days 1,673 sqft
    2025-02-01 0 days 1,847 sqft
    2025-03-01 0 days 1,648 sqft
    2025-04-01 0 days 1,587 sqft
    Cambridge's median listing age (time on market) for 2025-04-01 was 0 days.

    Cambridge's median square footage for active listings during the 2025-04-01 period was 1,587 sqft. One year prior, the average listing was 1,629 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).