Chambersburg FHA Loan Rates, Closing Costs & Stats

CHAMBERSBURG-WAYNESBORO, PA

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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.

    Chambersburg's 90 lenders originated 432 FHA loans during 2024. The total origination value was $106,150,000, with an average FHA loan value of $245,718.

    Chambersburg FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Chambersburg averaged 6.22% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Chambersburg's average FHA mortgage closing costs are $8,623.

    The average rate for the prior week (2025-03-28) was 6.51% and one month ago for the week of 2025-02-28, the average rate was 6.6%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.9%.

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

    Chambersburg 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 Chambersburg level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Integrity Home Mortgage Corp 40 6.78% $11,435
    QUICKEN LOANS, LLC 33 6.37% $12,290
    UNION HOME MORTGAGE CORP. 25 6.49% $12,466
    GUILD MORTGAGE COMPANY 22 6.29% $10,435
    UNITED WHOLESALE MORTGAGE, LLC 20 6.02% $14,347
    CROSSCOUNTRY MORTGAGE, LLC 17 6.76% $11,199
    NVR Mortgage Finance, Inc. 15 6.41% $13,187
    FREEDOM MORTGAGE CORPORATION 15 6.30% $12,506
    DIRECT MORTGAGE LOANS, LLC 13 6.77% $11,565
    PENNYMAC LOAN SERVICES, LLC 11 5.73% $10,925
    GUARANTEED RATE, INC. 8 6.00% $13,364
    BROKER SOLUTIONS, INC. 8 6.92% $9,637
    NEWREZ LLC 7 6.45% $10,730
    Orrstown Bank 6 6.58% $9,336
    LOANDEPOT.COM, LLC 6 5.50% $9,411
    Homesale Mortgage, LLC 5 6.75% $9,331
    TIDEWATER MORTGAGE SERVICES, INC. 5 6.50% $10,986
    Equity Prime Mortgage LLC 5 6.53% $14,063
    M&T Bank 4 5.81% $7,802
    Carrington Mortgage Services, LLC 4 6.34% $10,748
    EMBRACE HOME LOANS, INC. 4 6.59% $11,445
    NFM, INC. 3 5.96% $11,544
    LAKEVIEW LOAN SERVICING, LLC 3 6.29% $12,754
    MOVEMENT MORTGAGE, LLC 3 6.92% $10,467
    Mortgage Research Center, LLC 3 6.83% $6,729
    RADIUS FINANCIAL GROUP INC. 3 7.21% $10,500
    CMG MORTGAGE, INC. 3 6.58% $10,454
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 7.13% $8,699
    Encompass Lending Group, LP 3 6.71% $11,078
    VILLAGE CAPITAL MORTGAGE 3 5.54% $12,378
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.75% $13,705
    Farmers and Merchants Trust Company of Chambersburg 3 6.21% $7,421
    AmeriHome Mortgage Company, LLC 3 5.96% $7,040
    TOTAL MORTGAGE SERVICES, LLC 3 6.46% $15,566
    GUARANTEED RATE AFFINITY, LLC 3 6.54% $10,539
    ABSOLUTE HOME MORTGAGE CORPORATION 2 7.13% $8,220
    AMERICAN FINANCING CORPORATION 2 5.31% $10,708
    BAY CAPITAL MORTGAGE CORPORATION 2 6.81% $9,882
    ENVOY MORTGAGE, LTD 2 6.38% $19,362
    FIRST HERITAGE FINANCIAL, LLC 2 6.13% $7,513
    First Heritage Mortgage, LLC 2 5.69% $13,442
    Fulton Bank 2 5.81% $10,367
    HOMESPIRE MORTGAGE CORPORATION 2 6.88% $9,378
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.19% $13,779
    Paramount Residential Mortgage Group, Inc. 2 7.44% $11,833
    PATRIOT 2 6.25% $9,364
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.44% $15,319
    Prosperity Home Mortgage, LLC 2 6.56% $10,558
    Residential Mortgage Solutions, Inc. 2 6.38% $10,124
    Shore United Bank 2 5.25% $17,195
    Sierra Pacific Mortgage Company, Inc. 2 6.50% $10,620
    T2 FINANCIAL LLC 2 6.50% $12,064
    US MORTGAGE CORPORATION 2 6.44% $11,125
    JPMorgan Chase Bank 1 7.13% $10,193
    HOMESIDE FINANCIAL, LLC 1 5.75% $10,470
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $15,689
    Flagstar Bank, FSB 1 7.75% $9,222
    OCEANSIDE MORTGAGE COMPANY 1 5.63% $3,264
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 4.88% $19,888
    TOWNE MORTGAGE COMPANY 1 6.49% $8,994
    Truist 1 6.10% $8,175
    EVANSVILLE TEACHERS 1 5.75% $9,790
    POLARIS HOME FUNDING CORP. 1 6.25% $10,091
    Presidential Bank, FSB 1 5.75% $8,596
    EMM LOANS LLC 1 6.50% $10,845
    American Mortgage & Equity Consultants, Inc. 1 7.13% $9,674
    United Bank 1 6.50% $8,830
    CARDINAL FINANCIAL 1 5.99% $7,737
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.25% $11,544
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.63% $5,168
    ROYAL UNITED MORTGAGE LLC 1 6.25% $16,512
    Univest Bank and Trust Co. 1 5.75% $8,446
    WesBanco 1 6.25% $11,399
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 1 6.75% $3,794
    SUN WEST MORTGAGE COMPANY, INC. 1 7.00% $12,636
    Advisors Mortgage Group, L.L.C. 1 5.50% $12,588
    Texana Bank 1 6.63% $5,168
    The Huntington National Bank 1 6.63% $10,758
    Atlantic Union Bank 1 6.50% $15,271
    Atlantic Coast Mortgage, LLC 1 6.13% $14,583
    Mid-Continent Funding, Inc. 1 6.75% $9,791
    MILLENNIUM FINANCIAL GROUP, INC. 1 6.13% $14,288
    MLD MORTGAGE INC. 1 6.25% $12,317
    MORTGAGE EQUITY PARTNERS LLC 1 6.37% $14,979
    MICHIGAN MUTUAL, INC. 1 6.13% $11,735
    MEMBERS 1ST FEDERAL CREDIT UNION 1 6.25% $9,079
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $5,196
    Lakeview Community Capital, LLC 1 5.75% $10,465
    Towne Bank 1 6.63% $9,774
    NEW DAY FINANCIAL, LLC 1 7.63% $3,688

    The top Chambersburg FHA lender as defined by loan originations is Integrity Home Mortgage Corp, with 40 FHA loans originated. Their average total fees are $11,435, which is $855 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Chambersburg FHA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($10,435), PENNYMAC LOAN SERVICES, LLC ($10,925), CROSSCOUNTRY MORTGAGE, LLC ($11,199), Integrity Home Mortgage Corp ($11,435) and DIRECT MORTGAGE LOANS, LLC ($11,565).

    The lowest rate Chambersburg FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.73%), UNITED WHOLESALE MORTGAGE, LLC (6.02%), GUILD MORTGAGE COMPANY (6.29%), FREEDOM MORTGAGE CORPORATION (6.30%) and QUICKEN LOANS, LLC (6.37%).

    Chambersburg FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    CHAMBERSBURG-WAYNESBORO, PA FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
    CHAMBERSBURG-WAYNESBORO, PA FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Chambersburg (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 $202,490 (4.0%) $225,797 (4.2%) 0.75 602
    2018-02-01 $199,945 (0.0%) $224,972 (0.9%) 0.73 580
    2018-03-01 $204,900 (2.5%) $230,153 (1.5%) 0.72 604
    2018-04-01 $199,900 (0.0%) $229,332 (0.9%) 0.68 663
    2018-05-01 $204,700 (0.7%) $236,755 (1.8%) 0.68 678
    2018-06-01 $206,990 (0.9%) $239,430 (1.9%) 0.69 690
    2018-07-01 $202,450 (-1.9%) $241,770 (3.2%) 0.68 678
    2018-08-01 $208,723 (-0.1%) $244,751 (2.9%) 0.70 684
    2018-09-01 $213,445 (3.9%) $245,385 (4.5%) 0.72 655
    2018-10-01 $209,923 (1.1%) $240,188 (1.3%) 0.71 653
    2018-11-01 $204,950 (2.5%) $238,730 (4.0%) 0.69 628
    2018-12-01 $202,990 (-0.9%) $243,382 (6.4%) 0.70 587
    2019-01-01 $200,748 (-0.9%) $240,506 (6.5%) 0.69 565
    2019-02-01 $214,900 (7.5%) $240,921 (7.1%) 0.73 552
    2019-03-01 $214,243 (4.6%) $239,964 (4.3%) 0.70 550
    2019-04-01 $219,950 (10.0%) $240,321 (4.8%) 0.70 533
    2019-05-01 $224,900 (9.9%) $242,427 (2.4%) 0.70 546
    2019-06-01 $219,900 (6.2%) $240,919 (0.6%) 0.69 551
    2019-07-01 $219,900 (8.6%) $240,232 (-0.6%) 0.69 533
    2019-08-01 $219,452 (5.1%) $239,133 (-2.3%) 0.69 523
    2019-09-01 $218,630 (2.4%) $238,055 (-3.0%) 0.70 512
    2019-10-01 $218,081 (3.9%) $237,337 (-1.2%) 0.70 509
    2019-11-01 $217,000 (5.9%) $237,647 (-0.5%) 0.71 491
    2019-12-01 $219,400 (8.1%) $241,698 (-0.7%) 0.73 440
    2020-01-01 $222,675 (10.9%) $244,711 (1.8%) 0.74 405
    2020-02-01 $225,000 (4.7%) $249,284 (3.5%) 0.74 396
    2020-03-01 $226,400 (5.7%) $253,221 (5.5%) 0.71 381
    2020-04-01 $229,950 (4.6%) $263,905 (9.8%) 0.72 344
    2020-05-01 $229,900 (2.2%) $263,602 (8.7%) 0.70 356
    2020-06-01 $230,445 (4.8%) $264,959 (10.0%) 0.68 329
    2020-07-01 $239,225 (8.8%) $276,628 (15.2%) 0.69 284
    2020-08-01 $239,900 (9.3%) $283,238 (18.4%) 0.69 234
    2020-09-01 $234,975 (7.5%) $283,788 (19.2%) 0.67 205
    2020-10-01 $224,900 (3.1%) $281,537 (18.6%) 0.64 213
    2020-11-01 $229,900 (5.9%) $274,128 (15.4%) 0.67 199
    2020-12-01 $228,200 (4.0%) $280,435 (16.0%) 0.68 158
    2021-01-01 $245,000 (10.0%) $286,641 (17.1%) 0.73 138
    2021-02-01 $244,900 (8.8%) $284,241 (14.0%) 0.71 131
    2021-03-01 $243,725 (7.7%) $288,703 (14.0%) 0.69 125
    2021-04-01 $241,850 (5.2%) $285,987 (8.4%) 0.65 148
    2021-05-01 $249,550 (8.6%) $296,171 (12.4%) 0.66 146
    2021-06-01 $243,550 (5.7%) $293,014 (10.6%) 0.64 183
    2021-07-01 $247,000 (3.3%) $294,414 (6.4%) 0.65 226
    2021-08-01 $232,450 (-3.1%) $290,887 (2.7%) 0.62 222
    2021-09-01 $234,950 (0.0%) $281,414 (-0.8%) 0.63 230
    2021-10-01 $239,950 (6.7%) $283,784 (0.8%) 0.64 216
    2021-11-01 $241,250 (4.9%) $284,316 (3.7%) 0.64 193
    2021-12-01 $258,745 (13.4%) $290,171 (3.5%) 0.70 178
    2022-01-01 $270,895 (10.6%) $300,962 (5.0%) 0.73 168
    2022-02-01 $269,900 (10.2%) $302,054 (6.3%) 0.70 155
    2022-03-01 $287,375 (17.9%) $313,578 (8.6%) 0.72 143
    2022-04-01 $314,999 (30.3%) $339,107 (18.6%) 0.75 154
    2022-05-01 $317,350 (27.2%) $337,946 (14.1%) 0.73 175
    2022-06-01 $325,000 (33.4%) $344,538 (17.6%) 0.72 187
    2022-07-01 $329,950 (33.6%) $344,415 (17.0%) 0.74 199
    2022-08-01 $303,125 (30.4%) $335,588 (15.4%) 0.70 224
    2022-09-01 $299,450 (27.5%) $332,600 (18.2%) 0.70 233
    2022-10-01 $289,900 (20.8%) $352,303 (24.1%) 0.68 239
    2022-11-01 $293,695 (21.7%) $353,058 (24.2%) 0.71 258
    2022-12-01 $289,900 (12.0%) $352,258 (21.4%) 0.72 228
    2023-01-01 $298,250 (10.1%) $376,553 (25.1%) 0.74 197
    2023-02-01 $310,245 (15.0%) $392,537 (30.0%) 0.75 169
    2023-03-01 $311,495 (8.4%) $400,828 (27.8%) 0.73 153
    2023-04-01 $324,900 (3.1%) $408,313 (20.4%) 0.76 174
    2023-05-01 $302,675 (-4.6%) $395,969 (17.2%) 0.69 176
    2023-06-01 $312,923 (-3.7%) $395,667 (14.8%) 0.70 187
    2023-07-01 $310,990 (-5.8%) $392,409 (13.9%) 0.71 196
    2023-08-01 $325,750 (7.5%) $395,769 (17.9%) 0.75 193
    2023-09-01 $325,000 (8.5%) $394,280 (18.6%) 0.76 207
    2023-10-01 $335,108 (15.6%) $373,087 (5.9%) 0.79 219
    2023-11-01 $317,675 (8.2%) $351,675 (-0.4%) 0.76 229
    2023-12-01 $300,000 (3.5%) $348,178 (-1.2%) 0.73 200
    2024-01-01 $312,500 (4.8%) $352,978 (-6.3%) 0.76 193
    2024-02-01 $318,950 (2.8%) $358,262 (-8.7%) 0.77 180
    2024-03-01 $315,000 (1.1%) $353,718 (-11.8%) 0.74 179
    2024-04-01 $314,968 (-3.1%) $358,373 (-12.2%) 0.73 180
    2024-05-01 $322,498 (6.6%) $366,071 (-7.6%) 0.73 193
    2024-06-01 $325,000 (3.9%) $370,310 (-6.4%) 0.74 220
    2024-07-01 $329,300 (5.9%) $410,239 (4.5%) 0.75 234
    2024-08-01 $339,990 (4.4%) $410,760 (3.8%) 0.79 251
    2024-09-01 $342,588 (5.4%) $395,636 (0.3%) 0.81 280
    2024-10-01 $349,675 (4.4%) $392,555 (5.2%) 0.82 283
    2024-11-01 $342,450 (7.8%) $395,916 (12.6%) 0.82 324
    2024-12-01 $346,913 (15.6%) $394,476 (13.3%) 0.86 313
    2025-01-01 $353,245 (13.0%) $394,757 (11.8%) 0.88 277
    2025-02-01 $348,473 (9.3%) $391,413 (9.3%) 0.85 261
    2025-03-01 $349,900 (11.1%) $386,321 (9.2%) 0.00 264
    Chambersburg's median listing price for 2025-03-01 was $349,900, a difference of $34,900 (11.1%) versus the prior year and $1,427 versus the prior month.

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

    Chambersburg's average listing price for 2025-03-01 was $386,321, a difference of $32,603 (9.2%) versus the prior year and $-5,092 versus the prior month.

    For the 2025-03-01 period, Chambersburg had 264 MLS listings, a difference of 3 listings (1%) versus the prior month and 85 listings (47%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Chambersburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 90 days 1,902 sqft
    2018-02-01 97 days 1,869 sqft
    2018-03-01 67 days 1,850 sqft
    2018-04-01 52 days 1,800 sqft
    2018-05-01 59 days 1,858 sqft
    2018-06-01 64 days 1,958 sqft
    2018-07-01 71 days 1,989 sqft
    2018-08-01 72 days 2,004 sqft
    2018-09-01 73 days 2,064 sqft
    2018-10-01 68 days 2,002 sqft
    2018-11-01 71 days 1,963 sqft
    2018-12-01 81 days 1,928 sqft
    2019-01-01 89 days 1,917 sqft
    2019-02-01 91 days 1,916 sqft
    2019-03-01 74 days 1,920 sqft
    2019-04-01 55 days 1,929 sqft
    2019-05-01 56 days 2,000 sqft
    2019-06-01 59 days 2,000 sqft
    2019-07-01 65 days 1,983 sqft
    2019-08-01 66 days 1,985 sqft
    2019-09-01 66 days 1,985 sqft
    2019-10-01 65 days 1,986 sqft
    2019-11-01 68 days 2,000 sqft
    2019-12-01 78 days 2,032 sqft
    2020-01-01 83 days 2,040 sqft
    2020-02-01 76 days 2,070 sqft
    2020-03-01 56 days 2,026 sqft
    2020-04-01 69 days 2,067 sqft
    2020-05-01 80 days 2,046 sqft
    2020-06-01 64 days 1,979 sqft
    2020-07-01 41 days 1,985 sqft
    2020-08-01 38 days 2,000 sqft
    2020-09-01 36 days 1,972 sqft
    2020-10-01 48 days 1,950 sqft
    2020-11-01 50 days 1,927 sqft
    2020-12-01 56 days 1,865 sqft
    2021-01-01 59 days 1,903 sqft
    2021-02-01 51 days 1,911 sqft
    2021-03-01 44 days 1,969 sqft
    2021-04-01 30 days 1,920 sqft
    2021-05-01 33 days 1,949 sqft
    2021-06-01 38 days 1,841 sqft
    2021-07-01 38 days 1,871 sqft
    2021-08-01 41 days 1,840 sqft
    2021-09-01 41 days 1,759 sqft
    2021-10-01 44 days 1,750 sqft
    2021-11-01 45 days 1,743 sqft
    2021-12-01 52 days 1,759 sqft
    2022-01-01 65 days 1,768 sqft
    2022-02-01 65 days 1,728 sqft
    2022-03-01 51 days 1,776 sqft
    2022-04-01 37 days 1,840 sqft
    2022-05-01 39 days 1,949 sqft
    2022-06-01 42 days 1,912 sqft
    2022-07-01 45 days 1,961 sqft
    2022-08-01 44 days 1,930 sqft
    2022-09-01 48 days 1,969 sqft
    2022-10-01 46 days 1,915 sqft
    2022-11-01 47 days 1,864 sqft
    2022-12-01 54 days 1,824 sqft
    2023-01-01 73 days 1,895 sqft
    2023-02-01 70 days 1,887 sqft
    2023-03-01 44 days 1,903 sqft
    2023-04-01 31 days 1,950 sqft
    2023-05-01 33 days 1,918 sqft
    2023-06-01 40 days 1,925 sqft
    2023-07-01 35 days 1,971 sqft
    2023-08-01 33 days 1,951 sqft
    2023-09-01 37 days 1,942 sqft
    2023-10-01 43 days 1,919 sqft
    2023-11-01 48 days 1,902 sqft
    2023-12-01 56 days 1,900 sqft
    2024-01-01 54 days 1,902 sqft
    2024-02-01 42 days 1,900 sqft
    2024-03-01 33 days 1,900 sqft
    2024-04-01 35 days 1,872 sqft
    2024-05-01 31 days 1,925 sqft
    2024-06-01 37 days 1,953 sqft
    2024-07-01 39 days 1,973 sqft
    2024-08-01 40 days 1,953 sqft
    2024-09-01 39 days 1,974 sqft
    2024-10-01 45 days 2,014 sqft
    2024-11-01 42 days 2,044 sqft
    2024-12-01 48 days 1,994 sqft
    2025-01-01 59 days 2,029 sqft
    2025-02-01 48 days 2,000 sqft
    2025-03-01 0 days 2,005 sqft
    Chambersburg's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Chambersburg's median square footage for active listings during the 2025-03-01 period was 2,005 sqft. One year prior, the average listing was 1,900 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).