Chillicothe FHA Loan Rates, Closing Costs & Stats

Chillicothe, OH

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Chillicothe's 51 lenders originated 242 FHA loans during 2024. The total origination value was $47,990,000, with an average FHA loan value of $198,306.

    Chillicothe FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Chillicothe averaged 6.54% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Chillicothe's average FHA mortgage closing costs are $7,233.

    The average rate for the prior week (2025-03-28) was 6.93% and one month ago for the week of 2025-02-28, the average rate was 6.52%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.45%.

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

    Chillicothe 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 Chillicothe level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 40 7.18% $7,319
    GUARANTEED RATE, INC. 24 6.63% $8,432
    QUICKEN LOANS, LLC 18 6.51% $9,048
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 14 6.88% $10,777
    FREEDOM MORTGAGE CORPORATION 11 6.57% $8,849
    UNITED WHOLESALE MORTGAGE, LLC 8 6.26% $11,417
    CROSSCOUNTRY MORTGAGE, LLC 7 6.66% $9,198
    NEWREZ LLC 6 6.79% $9,249
    RUOFF MORTGAGE COMPANY, INC. 5 6.88% $6,496
    Mr. Cooper ( Nationstar Mortgage ) 5 6.60% $13,682
    LOANDEPOT.COM, LLC 4 6.44% $10,667
    The Huntington National Bank 4 6.69% $8,005
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.67% $12,678
    UNION CAPITAL MORTGAGE CORPORATION 3 6.63% $7,419
    RAPID MORTGAGE COMPANY 3 7.13% $12,804
    DAS Acquisition Company, LLC 3 7.21% $10,680
    Equity Prime Mortgage LLC 3 7.75% $11,283
    Fifth Third Bank 3 6.96% $7,407
    Flagstar Bank, FSB 3 6.39% $10,193
    GSF Mortgage Corporation 3 6.25% $7,839
    POLARIS HOME FUNDING CORP. 3 6.54% $11,410
    PENNYMAC LOAN SERVICES, LLC 3 6.46% $9,746
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.94% $8,584
    Carrington Mortgage Services, LLC 2 6.50% $12,454
    NFM, INC. 2 7.06% $9,373
    UNION HOME MORTGAGE CORP. 2 6.56% $11,317
    LEADERONE FINANCIAL CORPORATION 1 6.99% $10,141
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $7,875
    MYCUMORTGAGE, LLC 1 6.25% $5,577
    Nations Lending Corporation 1 6.75% $6,782
    HOMESIDE FINANCIAL, LLC 1 7.63% $7,017
    Victorian Finance, LLC 1 7.00% $7,074
    Paramount Residential Mortgage Group, Inc. 1 6.13% $13,546
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $7,438
    PLAZA HOME MORTGAGE, INC. 1 8.13% $9,003
    GUILD MORTGAGE COMPANY 1 7.13% $11,485
    Prosperity Home Mortgage, LLC 1 6.25% $7,689
    East Coast Capital Corp. 1 5.75% $8,788
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.99% $13,706
    AXIA FINANCIAL, LLC 1 7.88% $7,859
    T2 FINANCIAL LLC 1 8.13% $14,899
    The Federal Savings Bank 1 6.75% $11,834
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $11,535
    The Union Bank Company 1 6.75% $8,289
    AmeriHome Mortgage Company, LLC 1 6.63% $6,108
    WesBanco 1 6.25% $9,536
    Union Savings Bank 1 6.75% $9,375
    AMERICAN FINANCING CORPORATION 1 5.63% $6,166
    VAN DYK MORTGAGE CORPORATION 1 7.63% $6,560
    MILEND, INC. 1 7.25% $12,619
    MOVEMENT MORTGAGE, LLC 1 7.00% $9,543

    The top Chillicothe FHA lender as defined by loan originations is GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION, with 40 FHA loans originated. Their average total fees are $7,319, which is $1,113 lower than the next largest lender, GUARANTEED RATE, INC..

    The lowest fee Chillicothe FHA lenders (with over 10 loans originated) are GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION ($7,319), GUARANTEED RATE, INC. ($8,432), FREEDOM MORTGAGE CORPORATION ($8,849), QUICKEN LOANS, LLC ($9,048) and AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC ($10,777).

    The lowest rate Chillicothe FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.51%), FREEDOM MORTGAGE CORPORATION (6.57%), GUARANTEED RATE, INC. (6.63%), AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC (6.88%) and GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION (7.18%).

    Chillicothe FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Chillicothe (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 $139,975 (16.7%) $168,929 (10.2%) 0.00 230
    2018-02-01 $141,925 (21.3%) $166,573 (10.5%) 0.00 233
    2018-03-01 $146,000 (23.8%) $168,658 (11.8%) 0.00 238
    2018-04-01 $144,700 (18.4%) $170,278 (8.2%) 0.00 248
    2018-05-01 $144,350 (11.1%) $163,228 (-0.1%) 0.00 251
    2018-06-01 $139,900 (3.7%) $163,458 (-1.4%) 0.00 245
    2018-07-01 $144,900 (9.4%) $172,694 (6.6%) 0.00 240
    2018-08-01 $139,350 (3.3%) $170,693 (4.0%) 0.00 227
    2018-09-01 $137,000 (1.6%) $174,500 (6.4%) 0.00 238
    2018-10-01 $130,900 (-4.7%) $165,189 (-3.3%) 0.00 247
    2018-11-01 $127,450 (-8.3%) $162,328 (-4.7%) 0.00 255
    2018-12-01 $126,445 (-9.0%) $164,289 (-2.8%) 0.00 233
    2019-01-01 $130,743 (-6.6%) $178,060 (5.4%) 0.00 234
    2019-02-01 $127,970 (-9.8%) $175,009 (5.1%) 0.00 213
    2019-03-01 $134,066 (-8.2%) $174,867 (3.7%) 0.00 208
    2019-04-01 $139,500 (-3.6%) $176,845 (3.9%) 0.00 189
    2019-05-01 $144,495 (0.1%) $183,190 (12.2%) 0.00 187
    2019-06-01 $149,900 (7.2%) $186,376 (14.0%) 0.00 182
    2019-07-01 $149,900 (3.5%) $185,401 (7.4%) 0.00 168
    2019-08-01 $149,900 (7.6%) $185,861 (8.9%) 0.00 169
    2019-09-01 $149,900 (9.4%) $186,654 (7.0%) 0.00 182
    2019-10-01 $154,450 (18.0%) $189,573 (14.8%) 0.00 185
    2019-11-01 $150,000 (17.7%) $189,708 (16.9%) 0.00 176
    2019-12-01 $147,445 (16.6%) $170,348 (3.7%) 0.00 152
    2020-01-01 $149,900 (14.7%) $170,596 (-4.2%) 0.00 136
    2020-02-01 $149,900 (17.1%) $187,035 (6.9%) 0.00 131
    2020-03-01 $161,975 (20.8%) $197,125 (12.7%) 0.00 113
    2020-04-01 $181,475 (30.1%) $213,511 (20.7%) 0.00 125
    2020-05-01 $189,900 (31.4%) $222,353 (21.4%) 0.00 116
    2020-06-01 $186,425 (24.4%) $232,607 (24.8%) 0.00 92
    2020-07-01 $191,975 (28.1%) $231,733 (25.0%) 0.00 81
    2020-08-01 $172,450 (15.0%) $228,577 (23.0%) 0.00 83
    2020-09-01 $177,450 (18.4%) $228,853 (22.6%) 0.00 73
    2020-10-01 $169,900 (10.0%) $219,578 (15.8%) 0.00 98
    2020-11-01 $169,900 (13.3%) $217,425 (14.6%) 0.00 110
    2020-12-01 $169,250 (14.8%) $219,277 (28.7%) 0.00 96
    2021-01-01 $169,450 (13.0%) $241,524 (41.6%) 0.00 82
    2021-02-01 $169,450 (13.0%) $268,336 (43.5%) 0.00 66
    2021-03-01 $164,475 (1.5%) $267,881 (35.9%) 0.00 52
    2021-04-01 $175,575 (-3.3%) $269,729 (26.3%) 0.00 52
    2021-05-01 $179,900 (-5.3%) $268,615 (20.8%) 0.00 53
    2021-06-01 $184,875 (-0.8%) $298,433 (28.3%) 0.00 57
    2021-07-01 $171,950 (-10.4%) $273,451 (18.0%) 0.00 76
    2021-08-01 $182,000 (5.5%) $277,784 (21.5%) 0.00 80
    2021-09-01 $194,700 (9.7%) $284,144 (24.2%) 0.00 78
    2021-10-01 $169,900 (0.0%) $261,221 (19.0%) 0.00 79
    2021-11-01 $163,675 (-3.7%) $266,450 (22.6%) 0.00 71
    2021-12-01 $170,975 (1.0%) $269,623 (23.0%) 0.00 65
    2022-01-01 $170,000 (0.3%) $293,763 (21.6%) 0.00 46
    2022-02-01 $154,825 (-8.6%) $313,225 (16.7%) 0.00 35
    2022-03-01 $240,725 (46.4%) $333,816 (24.6%) 0.00 44
    2022-04-01 $229,900 (30.9%) $318,714 (18.2%) 0.00 45
    2022-05-01 $230,725 (28.3%) $298,889 (11.3%) 0.00 55
    2022-06-01 $229,900 (24.4%) $328,364 (10.0%) 0.00 63
    2022-07-01 $237,450 (38.1%) $327,800 (19.9%) 0.00 84
    2022-08-01 $244,975 (34.6%) $342,111 (23.2%) 0.00 86
    2022-09-01 $231,750 (19.0%) $324,883 (14.3%) 0.00 85
    2022-10-01 $242,700 (42.9%) $339,930 (30.1%) 0.00 91
    2022-11-01 $241,750 (47.7%) $331,588 (24.5%) 0.00 92
    2022-12-01 $263,700 (54.2%) $336,586 (24.8%) 0.00 82
    2023-01-01 $253,750 (49.3%) $298,299 (1.5%) 0.00 70
    2023-02-01 $246,850 (59.4%) $307,088 (-2.0%) 0.00 60
    2023-03-01 $302,500 (25.7%) $337,415 (1.1%) 0.00 61
    2023-04-01 $314,450 (36.8%) $340,229 (6.8%) 0.00 58
    2023-05-01 $270,000 (17.0%) $304,168 (1.8%) 0.00 63
    2023-06-01 $269,450 (17.2%) $325,006 (-1.0%) 0.00 72
    2023-07-01 $299,900 (26.3%) $347,995 (6.2%) 0.00 77
    2023-08-01 $270,000 (10.2%) $329,379 (-3.7%) 0.00 84
    2023-09-01 $280,000 (20.8%) $330,169 (1.6%) 0.00 88
    2023-10-01 $291,950 (20.3%) $346,815 (2.0%) 0.00 96
    2023-11-01 $249,900 (3.4%) $309,232 (-6.7%) 0.00 110
    2023-12-01 $249,000 (-5.6%) $303,224 (-9.9%) 0.00 109
    2024-01-01 $247,450 (-2.5%) $297,649 (-0.2%) 0.00 80
    2024-02-01 $244,925 (-0.8%) $284,678 (-7.3%) 0.00 68
    2024-03-01 $240,000 (-20.7%) $279,080 (-17.3%) 0.00 62
    2024-04-01 $249,988 (-20.5%) $295,332 (-13.2%) 0.00 51
    2024-05-01 $269,200 (-0.3%) $320,613 (5.4%) 0.00 65
    2024-06-01 $285,000 (5.8%) $336,318 (3.5%) 0.00 71
    2024-07-01 $272,450 (-9.2%) $312,353 (-10.2%) 0.00 88
    2024-08-01 $266,750 (-1.2%) $309,650 (-6.0%) 0.00 100
    2024-09-01 $267,000 (-4.6%) $309,638 (-6.2%) 0.00 104
    2024-10-01 $272,450 (-6.7%) $302,427 (-12.8%) 0.00 113
    2024-11-01 $269,000 (7.6%) $301,349 (-2.6%) 0.00 135
    2024-12-01 $256,875 (3.2%) $297,408 (-1.9%) 0.00 125
    2025-01-01 $249,900 (1.0%) $295,336 (-0.8%) 0.00 120
    2025-02-01 $251,175 (2.6%) $312,880 (9.9%) 0.00 94
    2025-03-01 $259,900 (8.3%) $327,227 (17.3%) 0.00 94
    Chillicothe's median listing price for 2025-03-01 was $259,900, a difference of $19,900 (8.3%) versus the prior year and $8,725 versus the prior month.

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

    Chillicothe's average listing price for 2025-03-01 was $327,227, a difference of $48,147 (17.3%) versus the prior year and $14,347 versus the prior month.

    For the 2025-03-01 period, Chillicothe had 94 MLS listings, a difference of 0 listings (0%) versus the prior month and 32 listings (52%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Chillicothe (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,571 sqft
    2018-02-01 0 days 1,558 sqft
    2018-03-01 0 days 1,621 sqft
    2018-04-01 0 days 1,612 sqft
    2018-05-01 0 days 1,498 sqft
    2018-06-01 0 days 1,500 sqft
    2018-07-01 0 days 1,536 sqft
    2018-08-01 0 days 1,544 sqft
    2018-09-01 0 days 1,536 sqft
    2018-10-01 0 days 1,479 sqft
    2018-11-01 0 days 1,452 sqft
    2018-12-01 0 days 1,448 sqft
    2019-01-01 0 days 1,454 sqft
    2019-02-01 0 days 1,438 sqft
    2019-03-01 0 days 1,443 sqft
    2019-04-01 0 days 1,437 sqft
    2019-05-01 0 days 1,443 sqft
    2019-06-01 0 days 1,480 sqft
    2019-07-01 0 days 1,508 sqft
    2019-08-01 0 days 1,558 sqft
    2019-09-01 0 days 1,542 sqft
    2019-10-01 0 days 1,558 sqft
    2019-11-01 0 days 1,530 sqft
    2019-12-01 0 days 1,425 sqft
    2020-01-01 0 days 1,454 sqft
    2020-02-01 0 days 1,456 sqft
    2020-03-01 0 days 1,544 sqft
    2020-04-01 0 days 1,675 sqft
    2020-05-01 0 days 1,739 sqft
    2020-06-01 0 days 1,727 sqft
    2020-07-01 0 days 1,723 sqft
    2020-08-01 0 days 1,600 sqft
    2020-09-01 0 days 1,656 sqft
    2020-10-01 0 days 1,552 sqft
    2020-11-01 0 days 1,559 sqft
    2020-12-01 0 days 1,544 sqft
    2021-01-01 0 days 1,512 sqft
    2021-02-01 0 days 1,642 sqft
    2021-03-01 0 days 1,511 sqft
    2021-04-01 0 days 1,639 sqft
    2021-05-01 0 days 1,536 sqft
    2021-06-01 0 days 1,552 sqft
    2021-07-01 0 days 1,622 sqft
    2021-08-01 0 days 1,576 sqft
    2021-09-01 0 days 1,532 sqft
    2021-10-01 0 days 1,552 sqft
    2021-11-01 0 days 1,558 sqft
    2021-12-01 0 days 1,476 sqft
    2022-01-01 0 days 1,472 sqft
    2022-02-01 0 days 1,613 sqft
    2022-03-01 0 days 1,573 sqft
    2022-04-01 0 days 1,551 sqft
    2022-05-01 0 days 1,555 sqft
    2022-06-01 0 days 1,705 sqft
    2022-07-01 0 days 1,783 sqft
    2022-08-01 0 days 1,696 sqft
    2022-09-01 0 days 1,646 sqft
    2022-10-01 0 days 1,755 sqft
    2022-11-01 0 days 1,746 sqft
    2022-12-01 0 days 1,716 sqft
    2023-01-01 0 days 1,672 sqft
    2023-02-01 0 days 1,566 sqft
    2023-03-01 0 days 1,979 sqft
    2023-04-01 0 days 1,876 sqft
    2023-05-01 0 days 1,659 sqft
    2023-06-01 0 days 1,691 sqft
    2023-07-01 0 days 1,847 sqft
    2023-08-01 0 days 1,611 sqft
    2023-09-01 0 days 1,740 sqft
    2023-10-01 0 days 1,791 sqft
    2023-11-01 0 days 1,628 sqft
    2023-12-01 0 days 1,632 sqft
    2024-01-01 0 days 1,506 sqft
    2024-02-01 0 days 1,492 sqft
    2024-03-01 0 days 1,448 sqft
    2024-04-01 0 days 1,644 sqft
    2024-05-01 0 days 1,787 sqft
    2024-06-01 0 days 1,824 sqft
    2024-07-01 0 days 1,763 sqft
    2024-08-01 0 days 1,699 sqft
    2024-09-01 0 days 1,665 sqft
    2024-10-01 0 days 1,695 sqft
    2024-11-01 0 days 1,628 sqft
    2024-12-01 0 days 1,658 sqft
    2025-01-01 0 days 1,573 sqft
    2025-02-01 0 days 1,598 sqft
    2025-03-01 0 days 1,624 sqft
    Chillicothe's median listing age (time on market) for 2025-03-01 was 0 days.

    Chillicothe's median square footage for active listings during the 2025-03-01 period was 1,624 sqft. One year prior, the average listing was 1,448 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).