Cincinnati FHA Loan Rates, Closing Costs & Stats
CINCINNATI, OH-KY-IN
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.
Cincinnati's 182 lenders originated 6,520 FHA loans during 2024. The total origination value was $1,571,760,000, with an average FHA loan value of $241,067.
Cincinnati FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Cincinnati
averaged
6.62%
for the week of 2025-04-04, compared to the national average (all FHA variants) of
6.259% for the same period.
Cincinnati's average FHA mortgage closing costs are $7,512.
The average rate for the prior week (2025-03-28) was
6.42% and
one month ago for the week of 2025-02-28, the
average rate was 6.6%.
The average rate one year ago was 6.92%.
For refis of the same type during the week of 2025-04-04, the average rate
was 6.31%.
Cincinnati 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 Cincinnati level.
The top Cincinnati FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
565 FHA loans originated. Their average total fees are
$10,995, which is $523
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Cincinnati FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE ($5,258), MID AMERICA MORTGAGE, INC. ($5,467), JPMorgan Chase Bank ($5,625), Fifth Third Bank ($6,334) and HOMEBRIDGE FINANCIAL SERVICES, INC. ($6,483).
The lowest rate Cincinnati FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.11%), LOANPAL, LLC (5.73%), AMERICAN FINANCING CORPORATION (5.82%), VICTORY MORTGAGE, L.L.C. (5.88%) and M/I FINANCIAL, LLC (5.95%).
Cincinnati FHA Loan Limits
| Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
|---|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN | DEARBORN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | FRANKLIN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | OHIO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | UNION | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | BOONE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | BRACKEN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | CAMPBELL | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | GALLATIN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | GRANT | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | KENTON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | PENDLETON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | BROWN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | BUTLER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | CLERMONT | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | HAMILTON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | WARREN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CINCINNATI, OH-KY-IN | DEARBORN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | FRANKLIN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | OHIO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | UNION | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | BOONE | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | BRACKEN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | CAMPBELL | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | GALLATIN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | GRANT | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | KENTON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | PENDLETON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | BROWN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | BUTLER | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | CLERMONT | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | HAMILTON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CINCINNATI, OH-KY-IN | WARREN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Cincinnati (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 | $225,500 (22.1%) | $308,776 (10.2%) | 0.84 | 5,184 |
| 2018-02-01 | $239,450 (24.6%) | $321,559 (11.4%) | 0.87 | 4,978 |
| 2018-03-01 | $258,900 (21.8%) | $346,286 (13.0%) | 0.91 | 4,809 |
| 2018-04-01 | $271,500 (18.3%) | $356,189 (11.8%) | 0.92 | 4,981 |
| 2018-05-01 | $275,000 (14.6%) | $360,546 (11.5%) | 0.92 | 5,271 |
| 2018-06-01 | $269,990 (12.3%) | $353,754 (9.1%) | 0.90 | 5,771 |
| 2018-07-01 | $269,900 (12.5%) | $350,934 (9.3%) | 0.90 | 6,152 |
| 2018-08-01 | $259,500 (8.5%) | $342,614 (7.8%) | 0.87 | 6,424 |
| 2018-09-01 | $255,000 (8.3%) | $337,584 (6.2%) | 0.86 | 6,609 |
| 2018-10-01 | $249,900 (9.4%) | $333,431 (6.4%) | 0.85 | 6,681 |
| 2018-11-01 | $248,260 (10.3%) | $329,365 (6.3%) | 0.84 | 6,564 |
| 2018-12-01 | $239,900 (8.6%) | $330,102 (8.0%) | 0.83 | 5,889 |
| 2019-01-01 | $239,900 (6.4%) | $325,120 (5.3%) | 0.83 | 5,363 |
| 2019-02-01 | $253,925 (6.0%) | $342,552 (6.5%) | 0.86 | 4,927 |
| 2019-03-01 | $267,957 (3.5%) | $355,066 (2.5%) | 0.88 | 4,897 |
| 2019-04-01 | $280,850 (3.4%) | $366,627 (2.9%) | 0.89 | 4,935 |
| 2019-05-01 | $289,900 (5.4%) | $377,313 (4.7%) | 0.91 | 5,118 |
| 2019-06-01 | $288,270 (6.8%) | $372,609 (5.3%) | 0.90 | 5,229 |
| 2019-07-01 | $284,000 (5.2%) | $369,377 (5.3%) | 0.89 | 5,369 |
| 2019-08-01 | $276,394 (6.5%) | $361,907 (5.6%) | 0.88 | 5,446 |
| 2019-09-01 | $271,000 (6.3%) | $357,257 (5.8%) | 0.87 | 5,462 |
| 2019-10-01 | $267,404 (7.0%) | $354,157 (6.2%) | 0.86 | 5,460 |
| 2019-11-01 | $260,478 (4.9%) | $346,906 (5.3%) | 0.85 | 5,141 |
| 2019-12-01 | $259,900 (8.3%) | $343,573 (4.1%) | 0.87 | 4,577 |
| 2020-01-01 | $265,950 (10.9%) | $347,628 (6.9%) | 0.89 | 4,090 |
| 2020-02-01 | $280,000 (10.3%) | $369,603 (7.9%) | 0.92 | 3,581 |
| 2020-03-01 | $299,675 (11.8%) | $386,321 (8.8%) | 0.94 | 3,489 |
| 2020-04-01 | $299,950 (6.8%) | $384,970 (5.0%) | 0.94 | 3,546 |
| 2020-05-01 | $325,000 (12.1%) | $401,187 (6.3%) | 0.99 | 3,416 |
| 2020-06-01 | $334,950 (16.2%) | $421,967 (13.3%) | 0.99 | 3,154 |
| 2020-07-01 | $337,450 (18.8%) | $429,378 (16.2%) | 0.98 | 2,914 |
| 2020-08-01 | $324,900 (17.6%) | $427,022 (18.0%) | 0.93 | 2,946 |
| 2020-09-01 | $316,750 (16.9%) | $427,028 (19.5%) | 0.91 | 2,996 |
| 2020-10-01 | $299,983 (12.2%) | $418,036 (18.0%) | 0.86 | 3,052 |
| 2020-11-01 | $290,950 (11.7%) | $409,042 (17.9%) | 0.85 | 2,956 |
| 2020-12-01 | $292,450 (12.5%) | $414,493 (20.6%) | 0.87 | 2,567 |
| 2021-01-01 | $299,900 (12.8%) | $428,732 (23.3%) | 0.90 | 2,175 |
| 2021-02-01 | $317,400 (13.4%) | $442,149 (19.6%) | 0.92 | 1,778 |
| 2021-03-01 | $325,000 (8.5%) | $454,696 (17.7%) | 0.92 | 1,707 |
| 2021-04-01 | $347,426 (15.8%) | $481,319 (25.0%) | 0.94 | 1,682 |
| 2021-05-01 | $359,000 (10.5%) | $490,549 (22.3%) | 0.95 | 1,853 |
| 2021-06-01 | $349,208 (4.3%) | $480,993 (14.0%) | 0.92 | 2,090 |
| 2021-07-01 | $325,000 (-3.7%) | $455,717 (6.1%) | 0.86 | 2,490 |
| 2021-08-01 | $315,000 (-3.1%) | $434,350 (1.7%) | 0.84 | 2,817 |
| 2021-09-01 | $304,950 (-3.7%) | $429,711 (0.6%) | 0.81 | 2,842 |
| 2021-10-01 | $300,000 (0.0%) | $427,054 (2.2%) | 0.80 | 2,702 |
| 2021-11-01 | $299,450 (2.9%) | $421,388 (3.0%) | 0.80 | 2,456 |
| 2021-12-01 | $297,000 (1.6%) | $427,378 (3.1%) | 0.80 | 2,120 |
| 2022-01-01 | $299,900 (0.0%) | $435,730 (1.6%) | 0.81 | 1,798 |
| 2022-02-01 | $322,000 (1.5%) | $462,407 (4.6%) | 0.84 | 1,443 |
| 2022-03-01 | $319,950 (-1.6%) | $459,330 (1.0%) | 0.80 | 1,396 |
| 2022-04-01 | $324,900 (-6.5%) | $454,405 (-5.6%) | 0.77 | 1,462 |
| 2022-05-01 | $324,950 (-9.5%) | $450,319 (-8.2%) | 0.74 | 1,843 |
| 2022-06-01 | $325,000 (-6.9%) | $450,550 (-6.3%) | 0.72 | 2,151 |
| 2022-07-01 | $319,000 (-1.9%) | $435,952 (-4.3%) | 0.72 | 2,525 |
| 2022-08-01 | $322,400 (2.4%) | $436,321 (0.5%) | 0.75 | 2,603 |
| 2022-09-01 | $325,000 (6.6%) | $444,323 (3.4%) | 0.76 | 2,504 |
| 2022-10-01 | $324,900 (8.3%) | $444,472 (4.1%) | 0.76 | 2,739 |
| 2022-11-01 | $325,000 (8.5%) | $444,855 (5.6%) | 0.78 | 2,709 |
| 2022-12-01 | $325,000 (9.4%) | $447,814 (4.8%) | 0.80 | 2,346 |
| 2023-01-01 | $329,450 (9.9%) | $453,307 (4.0%) | 0.82 | 2,043 |
| 2023-02-01 | $362,150 (12.5%) | $490,773 (6.1%) | 0.87 | 1,730 |
| 2023-03-01 | $369,650 (15.5%) | $507,309 (10.5%) | 0.87 | 1,665 |
| 2023-04-01 | $385,000 (18.5%) | $513,352 (13.0%) | 0.90 | 1,832 |
| 2023-05-01 | $391,308 (20.4%) | $519,749 (15.4%) | 0.89 | 1,900 |
| 2023-06-01 | $389,925 (20.0%) | $511,523 (13.5%) | 0.88 | 2,120 |
| 2023-07-01 | $384,998 (20.7%) | $514,961 (18.1%) | 0.88 | 2,239 |
| 2023-08-01 | $376,950 (16.9%) | $503,974 (15.5%) | 0.87 | 2,414 |
| 2023-09-01 | $374,500 (15.2%) | $499,059 (12.3%) | 0.87 | 2,651 |
| 2023-10-01 | $357,475 (10.0%) | $484,952 (9.1%) | 0.84 | 2,905 |
| 2023-11-01 | $345,000 (6.2%) | $467,442 (5.1%) | 0.82 | 3,010 |
| 2023-12-01 | $335,245 (3.2%) | $456,295 (1.9%) | 0.82 | 2,755 |
| 2024-01-01 | $329,950 (0.2%) | $452,324 (-0.2%) | 0.81 | 2,433 |
| 2024-02-01 | $337,450 (-6.8%) | $471,017 (-4.0%) | 0.81 | 2,172 |
| 2024-03-01 | $350,900 (-5.1%) | $490,861 (-3.2%) | 0.83 | 2,131 |
| 2024-04-01 | $375,000 (-2.6%) | $496,473 (-3.3%) | 0.87 | 2,253 |
| 2024-05-01 | $378,500 (-3.3%) | $503,091 (-3.2%) | 0.86 | 2,408 |
| 2024-06-01 | $378,900 (-2.8%) | $501,013 (-2.1%) | 0.86 | 2,738 |
| 2024-07-01 | $361,075 (-6.2%) | $481,935 (-6.4%) | 0.83 | 3,017 |
| 2024-08-01 | $349,900 (-7.2%) | $466,011 (-7.5%) | 0.81 | 3,350 |
| 2024-09-01 | $337,450 (-9.9%) | $459,533 (-7.9%) | 0.79 | 3,569 |
| 2024-10-01 | $331,500 (-7.3%) | $450,735 (-7.1%) | 0.78 | 3,663 |
| 2024-11-01 | $319,900 (-7.3%) | $436,195 (-6.7%) | 0.77 | 3,722 |
| 2024-12-01 | $319,450 (-4.7%) | $432,641 (-5.2%) | 0.79 | 3,270 |
| 2025-01-01 | $319,450 (-3.2%) | $435,446 (-3.7%) | 0.80 | 2,902 |
| 2025-02-01 | $324,950 (-3.7%) | $440,707 (-6.4%) | 0.79 | 2,722 |
| 2025-03-01 | $335,000 (-4.5%) | $454,576 (-7.4%) | 0.00 | 2,717 |
Cincinnati's median listing price comes in at 0% of the national average.
Cincinnati's average listing price for 2025-03-01 was $454,576, a difference of $-36,285 (-7.4%) versus the prior year and $13,869 versus the prior month.
For the 2025-03-01 period, Cincinnati had 2,717 MLS listings, a difference of -5 listings (0%) versus the prior month and 586 listings (27%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cincinnati (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 78 days | 1,863 sqft |
| 2018-02-01 | 69 days | 1,890 sqft |
| 2018-03-01 | 47 days | 2,011 sqft |
| 2018-04-01 | 44 days | 2,107 sqft |
| 2018-05-01 | 39 days | 2,150 sqft |
| 2018-06-01 | 40 days | 2,132 sqft |
| 2018-07-01 | 43 days | 2,111 sqft |
| 2018-08-01 | 45 days | 2,072 sqft |
| 2018-09-01 | 48 days | 2,022 sqft |
| 2018-10-01 | 52 days | 1,991 sqft |
| 2018-11-01 | 54 days | 1,967 sqft |
| 2018-12-01 | 64 days | 1,936 sqft |
| 2019-01-01 | 72 days | 1,900 sqft |
| 2019-02-01 | 67 days | 1,968 sqft |
| 2019-03-01 | 51 days | 2,017 sqft |
| 2019-04-01 | 43 days | 2,068 sqft |
| 2019-05-01 | 40 days | 2,127 sqft |
| 2019-06-01 | 42 days | 2,125 sqft |
| 2019-07-01 | 46 days | 2,126 sqft |
| 2019-08-01 | 47 days | 2,083 sqft |
| 2019-09-01 | 49 days | 2,038 sqft |
| 2019-10-01 | 50 days | 2,006 sqft |
| 2019-11-01 | 52 days | 1,978 sqft |
| 2019-12-01 | 63 days | 1,944 sqft |
| 2020-01-01 | 71 days | 1,951 sqft |
| 2020-02-01 | 60 days | 2,048 sqft |
| 2020-03-01 | 44 days | 2,107 sqft |
| 2020-04-01 | 45 days | 2,100 sqft |
| 2020-05-01 | 47 days | 2,178 sqft |
| 2020-06-01 | 45 days | 2,217 sqft |
| 2020-07-01 | 43 days | 2,194 sqft |
| 2020-08-01 | 38 days | 2,134 sqft |
| 2020-09-01 | 37 days | 2,060 sqft |
| 2020-10-01 | 37 days | 2,000 sqft |
| 2020-11-01 | 40 days | 1,914 sqft |
| 2020-12-01 | 52 days | 1,895 sqft |
| 2021-01-01 | 54 days | 1,867 sqft |
| 2021-02-01 | 49 days | 1,858 sqft |
| 2021-03-01 | 33 days | 1,871 sqft |
| 2021-04-01 | 31 days | 1,934 sqft |
| 2021-05-01 | 23 days | 1,986 sqft |
| 2021-06-01 | 24 days | 1,935 sqft |
| 2021-07-01 | 25 days | 1,868 sqft |
| 2021-08-01 | 28 days | 1,824 sqft |
| 2021-09-01 | 33 days | 1,802 sqft |
| 2021-10-01 | 36 days | 1,782 sqft |
| 2021-11-01 | 38 days | 1,744 sqft |
| 2021-12-01 | 46 days | 1,692 sqft |
| 2022-01-01 | 57 days | 1,680 sqft |
| 2022-02-01 | 51 days | 1,686 sqft |
| 2022-03-01 | 31 days | 1,699 sqft |
| 2022-04-01 | 24 days | 1,717 sqft |
| 2022-05-01 | 21 days | 1,767 sqft |
| 2022-06-01 | 22 days | 1,810 sqft |
| 2022-07-01 | 25 days | 1,800 sqft |
| 2022-08-01 | 30 days | 1,799 sqft |
| 2022-09-01 | 36 days | 1,808 sqft |
| 2022-10-01 | 34 days | 1,840 sqft |
| 2022-11-01 | 40 days | 1,830 sqft |
| 2022-12-01 | 51 days | 1,804 sqft |
| 2023-01-01 | 55 days | 1,807 sqft |
| 2023-02-01 | 49 days | 1,815 sqft |
| 2023-03-01 | 38 days | 1,829 sqft |
| 2023-04-01 | 31 days | 1,897 sqft |
| 2023-05-01 | 32 days | 1,992 sqft |
| 2023-06-01 | 30 days | 2,000 sqft |
| 2023-07-01 | 31 days | 1,962 sqft |
| 2023-08-01 | 32 days | 1,957 sqft |
| 2023-09-01 | 32 days | 1,957 sqft |
| 2023-10-01 | 33 days | 1,942 sqft |
| 2023-11-01 | 38 days | 1,894 sqft |
| 2023-12-01 | 44 days | 1,831 sqft |
| 2024-01-01 | 54 days | 1,792 sqft |
| 2024-02-01 | 39 days | 1,800 sqft |
| 2024-03-01 | 36 days | 1,851 sqft |
| 2024-04-01 | 32 days | 1,877 sqft |
| 2024-05-01 | 30 days | 1,873 sqft |
| 2024-06-01 | 31 days | 1,886 sqft |
| 2024-07-01 | 32 days | 1,843 sqft |
| 2024-08-01 | 33 days | 1,777 sqft |
| 2024-09-01 | 38 days | 1,759 sqft |
| 2024-10-01 | 37 days | 1,733 sqft |
| 2024-11-01 | 43 days | 1,683 sqft |
| 2024-12-01 | 52 days | 1,666 sqft |
| 2025-01-01 | 61 days | 1,657 sqft |
| 2025-02-01 | 50 days | 1,683 sqft |
| 2025-03-01 | 0 days | 1,685 sqft |
Cincinnati's median square footage for active listings during the 2025-03-01 period was 1,685 sqft. One year prior, the average listing was 1,851 sqft.