Celina FHA Loan Rates, Closing Costs & Stats

Celina, 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.

    Celina's 20 lenders originated 44 FHA loans during 2023. The total origination value was $7,460,000, with an average FHA loan value of $169,545.

    Celina FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Celina averaged 6.71% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Celina's average FHA mortgage closing costs are $6,653.

    The average rate for the prior week (2024-04-12) was 6.9% and one month ago for the week of 2024-03-15, the average rate was 6.87%.

    The average rate one year ago was 6.5%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

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

    Celina 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 Celina level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    NEWREZ LLC 5 6.93% $6,402
    Servion, Inc. 4 6.69% $6,026
    LOANDEPOT.COM, LLC 3 7.13% $6,966
    CROSSCOUNTRY MORTGAGE, LLC 3 6.92% $9,824
    QUICKEN LOANS, LLC 2 6.56% $8,608
    Carrington Mortgage Services, LLC 2 6.13% $10,977
    SUPERIOR FINANCIAL SOLUTIONS, LLC 2 6.63% $5,749
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.75% $14,240
    LAKEVIEW LOAN SERVICING, LLC 2 5.94% $10,381
    MYCUMORTGAGE, LLC 2 6.94% $5,556
    POLARIS HOME FUNDING CORP. 2 7.75% $14,240
    U.S. Bank 1 6.75% $7,831
    AMERISAVE MORTGAGE CORPORATION 1 5.50% $7,868
    Cornerstone First Mortgage, Inc 1 7.38% $9,133
    GUARANTEED RATE, INC. 1 7.25% $6,926
    JPMorgan Chase Bank 1 5.63% $1,688
    LIBERTY HOME MORTGAGE CORPORATION 1 6.75% $16,636
    NFM, INC. 1 7.75% $9,879
    UNITED WHOLESALE MORTGAGE, LLC 1 6.00% $8,964
    AMERICAN FINANCIAL NETWORK, INC. 1 6.50% $7,621

    The top Celina FHA lender as defined by loan originations is NEWREZ LLC, with 5 FHA loans originated. Their average total fees are $6,402, which is $375 higher than the next largest lender, Servion, Inc..

    The lowest fee Celina FHA lenders (with over 10 loans originated) are .

    The lowest rate Celina FHA lenders (with over 10 loans originated) are .

    Celina FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Celina (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 $154,725 (2.3%) $231,757 (17.0%) 0.00 120
    2018-02-01 $158,000 (5.4%) $234,889 (17.5%) 0.00 136
    2018-03-01 $157,000 (9.7%) $212,584 (2.8%) 0.00 147
    2018-04-01 $160,425 (8.0%) $212,627 (4.8%) 0.00 134
    2018-05-01 $159,900 (7.2%) $210,184 (2.7%) 0.00 132
    2018-06-01 $168,900 (6.3%) $212,897 (3.9%) 0.00 139
    2018-07-01 $171,950 (12.8%) $211,712 (4.1%) 0.00 126
    2018-08-01 $161,200 (4.9%) $207,726 (1.8%) 0.00 132
    2018-09-01 $158,000 (1.9%) $191,757 (-12.9%) 0.00 114
    2018-10-01 $154,000 (-0.6%) $192,059 (-15.0%) 0.00 118
    2018-11-01 $166,950 (11.3%) $193,595 (-13.5%) 0.00 121
    2018-12-01 $160,900 (1.2%) $186,980 (-19.4%) 0.00 121
    2019-01-01 $143,125 (-7.5%) $162,746 (-29.8%) 0.00 103
    2019-02-01 $146,050 (-7.6%) $156,519 (-33.4%) 0.00 96
    2019-03-01 $144,679 (-7.9%) $160,381 (-24.6%) 0.00 93
    2019-04-01 $146,554 (-8.7%) $162,651 (-23.5%) 0.00 94
    2019-05-01 $136,150 (-14.9%) $166,765 (-20.7%) 0.00 89
    2019-06-01 $142,200 (-15.8%) $171,311 (-19.5%) 0.00 90
    2019-07-01 $151,425 (-11.9%) $186,088 (-12.1%) 0.00 91
    2019-08-01 $148,591 (-7.8%) $191,096 (-8.0%) 0.00 106
    2019-09-01 $144,377 (-8.6%) $180,351 (-6.0%) 0.00 110
    2019-10-01 $145,518 (-5.5%) $178,774 (-6.9%) 0.00 111
    2019-11-01 $146,950 (-12.0%) $183,270 (-5.3%) 0.00 96
    2019-12-01 $141,400 (-12.1%) $184,628 (-1.3%) 0.00 90
    2020-01-01 $149,650 (4.6%) $187,827 (15.4%) 0.00 73
    2020-02-01 $170,000 (16.4%) $213,517 (36.4%) 0.00 64
    2020-03-01 $176,000 (21.7%) $230,986 (44.0%) 0.00 69
    2020-04-01 $170,700 (16.5%) $227,109 (39.6%) 0.00 66
    2020-05-01 $170,000 (24.9%) $231,470 (38.8%) 0.00 59
    2020-06-01 $176,950 (24.4%) $231,618 (35.2%) 0.00 56
    2020-07-01 $159,900 (5.6%) $215,798 (16.0%) 0.00 60
    2020-08-01 $171,500 (15.4%) $231,225 (21.0%) 0.00 49
    2020-09-01 $167,200 (15.8%) $228,025 (26.4%) 0.00 47
    2020-10-01 $169,900 (16.8%) $220,412 (23.3%) 0.00 45
    2020-11-01 $147,225 (0.2%) $212,728 (16.1%) 0.00 46
    2020-12-01 $154,700 (9.4%) $221,621 (20.0%) 0.00 46
    2021-01-01 $166,450 (11.2%) $223,362 (18.9%) 0.00 43
    2021-02-01 $158,700 (-6.7%) $233,449 (9.3%) 0.00 28
    2021-03-01 $172,400 (-2.1%) $252,131 (9.2%) 0.00 28
    2021-04-01 $168,175 (-1.5%) $267,436 (17.8%) 0.00 30
    2021-05-01 $202,450 (19.1%) $291,697 (26.0%) 0.00 24
    2021-06-01 $204,950 (15.8%) $285,414 (23.2%) 0.00 24
    2021-07-01 $182,500 (14.1%) $262,719 (21.7%) 0.00 29
    2021-08-01 $198,500 (15.7%) $256,876 (11.1%) 0.00 35
    2021-09-01 $192,450 (15.1%) $257,159 (12.8%) 0.00 32
    2021-10-01 $177,400 (4.4%) $232,189 (5.3%) 0.00 35
    2021-11-01 $176,225 (19.7%) $211,287 (-0.7%) 0.00 31
    2021-12-01 $203,675 (31.7%) $221,820 (0.1%) 0.00 31
    2022-01-01 $195,000 (17.2%) $249,506 (11.7%) 0.00 32
    2022-02-01 $196,225 (23.7%) $349,227 (49.6%) 0.00 24
    2022-03-01 $189,375 (9.9%) $341,069 (35.3%) 0.00 19
    2022-04-01 $185,400 (10.2%) $367,414 (37.4%) 0.00 20
    2022-05-01 $216,200 (6.8%) $305,561 (4.8%) 0.00 28
    2022-06-01 $204,250 (-0.3%) $296,882 (4.0%) 0.00 29
    2022-07-01 $189,900 (4.1%) $286,208 (8.9%) 0.00 30
    2022-08-01 $187,500 (-5.5%) $269,085 (4.8%) 0.00 32
    2022-09-01 $186,150 (-3.3%) $275,524 (7.1%) 0.00 34
    2022-10-01 $216,900 (22.3%) $305,921 (31.8%) 0.00 27
    2022-11-01 $223,425 (26.8%) $265,183 (25.5%) 0.00 28
    2022-12-01 $249,900 (22.7%) $254,508 (14.7%) 0.00 22
    2023-01-01 $210,750 (8.1%) $245,965 (-1.4%) 0.00 21
    2023-02-01 $206,150 (5.1%) $245,554 (-29.7%) 0.00 19
    2023-03-01 $204,900 (8.2%) $239,861 (-29.7%) 0.00 20
    2023-04-01 $190,200 (2.6%) $243,199 (-33.8%) 0.00 20
    2023-05-01 $192,850 (-10.8%) $235,229 (-23.0%) 0.00 17
    2023-06-01 $234,900 (15.0%) $282,280 (-4.9%) 0.00 27
    2023-07-01 $209,900 (10.5%) $253,746 (-11.3%) 0.00 22
    2023-08-01 $184,000 (-1.9%) $245,076 (-8.9%) 0.00 27
    2023-09-01 $217,450 (16.8%) $290,616 (5.5%) 0.00 35
    2023-10-01 $184,925 (-14.7%) $281,560 (-8.0%) 0.00 34
    2023-11-01 $180,000 (-19.4%) $259,569 (-2.1%) 0.00 33
    2023-12-01 $184,900 (-26.0%) $311,845 (22.5%) 0.00 31
    2024-01-01 $189,750 (-10.0%) $298,844 (21.5%) 0.00 30
    2024-02-01 $231,200 (12.2%) $311,414 (26.8%) 0.00 28
    2024-03-01 $225,000 (9.8%) $324,030 (35.1%) 0.00 27
    Celina's median listing price for 2024-03-01 was $225,000, a difference of $20,100 (9.8%) versus the prior year and $-6,200 versus the prior month.

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

    Celina's average listing price for 2024-03-01 was $324,030, a difference of $84,169 (35.1%) versus the prior year and $12,616 versus the prior month.

    For the 2024-03-01 period, Celina had 27 MLS listings, a difference of -1 listings (-4%) versus the prior month and 7 listings (35%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Celina (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,550 sqft
    2018-02-01 0 days 1,582 sqft
    2018-03-01 0 days 1,571 sqft
    2018-04-01 0 days 1,590 sqft
    2018-05-01 0 days 1,588 sqft
    2018-06-01 0 days 1,670 sqft
    2018-07-01 0 days 1,651 sqft
    2018-08-01 0 days 1,685 sqft
    2018-09-01 0 days 1,632 sqft
    2018-10-01 0 days 1,677 sqft
    2018-11-01 0 days 1,749 sqft
    2018-12-01 0 days 1,745 sqft
    2019-01-01 0 days 1,634 sqft
    2019-02-01 0 days 1,634 sqft
    2019-03-01 0 days 1,593 sqft
    2019-04-01 0 days 1,518 sqft
    2019-05-01 0 days 1,519 sqft
    2019-06-01 0 days 1,385 sqft
    2019-07-01 0 days 1,540 sqft
    2019-08-01 0 days 1,507 sqft
    2019-09-01 0 days 1,449 sqft
    2019-10-01 0 days 1,410 sqft
    2019-11-01 0 days 1,416 sqft
    2019-12-01 0 days 1,533 sqft
    2020-01-01 0 days 1,554 sqft
    2020-02-01 0 days 1,626 sqft
    2020-03-01 0 days 1,632 sqft
    2020-04-01 0 days 1,626 sqft
    2020-05-01 0 days 1,632 sqft
    2020-06-01 0 days 1,635 sqft
    2020-07-01 0 days 1,611 sqft
    2020-08-01 0 days 1,667 sqft
    2020-09-01 0 days 1,675 sqft
    2020-10-01 0 days 1,604 sqft
    2020-11-01 0 days 1,412 sqft
    2020-12-01 0 days 1,399 sqft
    2021-01-01 0 days 1,469 sqft
    2021-02-01 0 days 1,360 sqft
    2021-03-01 0 days 1,521 sqft
    2021-04-01 0 days 1,565 sqft
    2021-05-01 0 days 1,640 sqft
    2021-06-01 0 days 1,741 sqft
    2021-07-01 0 days 1,735 sqft
    2021-08-01 0 days 1,775 sqft
    2021-09-01 0 days 1,743 sqft
    2021-10-01 0 days 1,536 sqft
    2021-11-01 0 days 1,477 sqft
    2021-12-01 0 days 1,530 sqft
    2022-01-01 0 days 1,524 sqft
    2022-02-01 0 days 1,638 sqft
    2022-03-01 0 days 1,427 sqft
    2022-04-01 0 days 1,392 sqft
    2022-05-01 0 days 1,541 sqft
    2022-06-01 0 days 1,605 sqft
    2022-07-01 0 days 1,531 sqft
    2022-08-01 0 days 1,500 sqft
    2022-09-01 0 days 1,544 sqft
    2022-10-01 0 days 1,618 sqft
    2022-11-01 0 days 1,637 sqft
    2022-12-01 0 days 1,717 sqft
    2023-01-01 0 days 1,683 sqft
    2023-02-01 0 days 1,596 sqft
    2023-03-01 0 days 1,580 sqft
    2023-04-01 0 days 1,559 sqft
    2023-05-01 0 days 1,551 sqft
    2023-06-01 0 days 1,594 sqft
    2023-07-01 0 days 1,460 sqft
    2023-08-01 0 days 1,569 sqft
    2023-09-01 0 days 1,470 sqft
    2023-10-01 0 days 1,506 sqft
    2023-11-01 0 days 1,414 sqft
    2023-12-01 0 days 1,632 sqft
    2024-01-01 0 days 1,569 sqft
    2024-02-01 0 days 1,692 sqft
    2024-03-01 0 days 1,705 sqft
    Celina's median listing age (time on market) for 2024-03-01 was 0 days.

    Celina's median square footage for active listings during the 2024-03-01 period was 1,705 sqft. One year prior, the average listing was 1,580 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).