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 0.46% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

Cincinnati's average FHA mortgage closing costs are $7,512.

The average rate for the prior week (2025-06-13) was 6.74% and one month ago for the week of 2025-05-16, the average rate was 6.8%.

The average rate one year ago was 6.76%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.05%.

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

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.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 565 6.36% $10,995
UNITED WHOLESALE MORTGAGE, LLC 544 6.26% $11,518
CROSSCOUNTRY MORTGAGE, LLC 355 6.66% $11,691
FREEDOM MORTGAGE CORPORATION 203 6.44% $11,717
STOCKTON MORTGAGE CORPORATION 188 6.56% $10,366
FIRST COMMUNITY MORTGAGE, INC. 157 6.61% $10,771
NVR Mortgage Finance, Inc. 156 6.10% $11,377
VICTORY MORTGAGE, L.L.C. 139 5.88% $9,032
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 122 6.90% $10,965
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 122 6.62% $11,412
DAS Acquisition Company, LLC 120 6.74% $11,378
PENNYMAC LOAN SERVICES, LLC 116 6.05% $9,844
Union Savings Bank 105 6.22% $7,660
UNION HOME MORTGAGE CORP. 103 6.64% $11,209
Paramount Residential Mortgage Group, Inc. 102 6.68% $11,595
NEWREZ LLC 100 6.41% $10,169
BROKER SOLUTIONS, INC. 88 6.85% $10,836
LOANDEPOT.COM, LLC 85 6.37% $10,885
Carrington Mortgage Services, LLC 82 6.43% $11,972
DHI MORTGAGE COMPANY, LTD. 81 5.11% $9,706
Prosperity Home Mortgage, LLC 80 6.24% $10,195
AMERICAN PACIFIC MORTGAGE CORPORATION 80 6.95% $10,655
BAYSHORE MORTGAGE FUNDING, LLC 77 6.81% $11,370
NATIONS RELIABLE LENDING, LLC 76 6.60% $10,853
Fifth Third Bank 73 6.58% $6,334
SUCCESS MORTGAGE PARTNERS, INC. 72 6.48% $11,184
The Huntington National Bank 70 6.76% $8,890
POLARIS HOME FUNDING CORP. 67 6.70% $11,494
RUOFF MORTGAGE COMPANY, INC. 63 6.77% $7,671
HOMESIDE FINANCIAL, LLC 58 6.61% $11,473
Guardian Savings Bank, A Federal Savings Bank 58 6.40% $7,049
Bank of England 54 6.64% $10,303
Mr. Cooper ( Nationstar Mortgage ) 52 6.58% $12,767
GUARANTEED RATE, INC. 46 6.42% $9,367
Plains Commerce Bank 46 6.67% $10,057
PRIMELENDING, A PLAINSCAPITAL COMPANY 45 6.81% $9,297
RAPID MORTGAGE COMPANY 44 6.85% $11,807
Equity Prime Mortgage LLC 41 6.89% $12,575
U.S. Bank 41 6.52% $7,591
AMERICAN FINANCIAL RESOURCES, INC. 37 6.89% $10,438
RiverHills Bank 34 6.57% $8,566
MUTUAL OF OMAHA MORTGAGE, INC. 34 6.55% $12,993
M/I FINANCIAL, LLC 33 5.95% $14,564
GUARANTEED RATE AFFINITY, LLC 33 6.67% $10,630
LAKEVIEW LOAN SERVICING, LLC 31 6.36% $8,589
PLANET HOME LENDING, LLC 30 6.21% $9,355
T2 FINANCIAL LLC 29 6.84% $11,480
GENEVA FINANCIAL, LLC 28 6.99% $10,674
ENDEAVOR CAPITAL, LLC. 25 6.38% $9,083
AMERISAVE MORTGAGE CORPORATION 24 6.43% $12,247
First Financial Bank 24 6.61% $8,564
VILLAGE CAPITAL MORTGAGE 23 6.70% $5,258
LOANPAL, LLC 22 5.73% $10,470
AMERICAN FINANCIAL NETWORK, INC. 21 6.65% $14,279
VAN DYK MORTGAGE CORPORATION 21 6.70% $9,378
AmeriHome Mortgage Company, LLC 20 6.45% $6,793
LCNB National Bank 19 6.33% $8,530
S1L, Inc. 19 6.56% $10,552
MID AMERICA MORTGAGE, INC. 19 6.94% $5,467
CARDINAL FINANCIAL 17 6.24% $11,896
CHURCHILL MORTGAGE CORPORATION 17 6.83% $11,339
EMM LOANS LLC 16 6.22% $12,168
American Mortgage & Equity Consultants, Inc. 16 6.45% $13,272
AMERICAN FINANCING CORPORATION 15 5.82% $11,829
Flagstar Bank, FSB 15 6.21% $9,818
RELIANCE FIRST CAPITAL, LLC 14 6.73% $11,162
FIRST EQUITY MORTGAGE INCORPORATED 14 6.10% $13,239
UNITED MORTGAGE CORP 14 6.69% $12,026
NATIONS DIRECT MORTGAGE, LLC 14 6.68% $10,041
SIBCY CLINE MORTGAGE SERVICES, INC. 13 6.38% $8,602
The Loan Store, Inc. 12 6.22% $11,998
PNC Bank 12 6.74% $7,038
Heartland Bank 12 6.35% $8,649
HOMEBRIDGE FINANCIAL SERVICES, INC. 12 6.41% $6,483
MOVEMENT MORTGAGE, LLC 12 6.45% $9,924
MICHIGAN MUTUAL, INC. 12 6.56% $10,600
Truist 12 6.21% $7,982
MILEND, INC. 11 6.48% $15,682
Lakeview Community Capital, LLC 11 6.31% $7,153
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 10 7.10% $10,611
Warsaw Federal Savings and Loan Association 10 6.15% $7,143
ROYAL UNITED MORTGAGE LLC 10 6.63% $10,212
JPMorgan Chase Bank 10 6.61% $5,625
ARK-LA-TEX FINANCIAL SERVICES, LLC. 10 6.61% $8,917
ZILLOW HOME LOANS, LLC 9 6.18% $9,869
LIBERTY HOME MORTGAGE CORPORATION 9 6.63% $10,172
WesBanco 9 6.22% $9,223
1st National Bank 9 6.69% $8,941
Mortgage Research Center, LLC 8 6.53% $6,990
Gateway First Bank 8 6.73% $10,398
SUN WEST MORTGAGE COMPANY, INC. 8 6.31% $12,375
Republic Bank & Trust Company 8 6.02% $8,085
NFM, INC. 8 7.00% $11,621
Civista Bank 8 6.34% $7,331
VERITAS FUNDING, LLC 7 6.38% $18,778
M&T Bank 7 6.23% $8,460
TJC Mortgage, Inc. 7 6.66% $14,008
Nations Lending Corporation 7 6.50% $10,460
Ixonia Bank 7 6.80% $8,501
NATIONWIDE MORTGAGE BANKERS, INC. 7 7.18% $13,734
WRIGHT-PATT CREDIT UNION, INC. 7 6.38% $7,376
EQUITY RESOURCES, INC. 7 6.82% $7,851
VANDERBILT MORTGAGE AND FINANCE, INC. 6 6.14% $15,811
MYCUMORTGAGE, LLC 6 6.75% $9,492
Century Mortgage Company DBA Century Lending Company 6 6.46% $10,237
The Federal Savings Bank 6 6.69% $13,582
Barrington Bank & Trust Company, N.A. 6 6.12% $9,550
Forcht Bank 5 6.48% $7,437
Waterstone Mortgage Corporation 5 6.73% $7,681
FIRST COLONY MORTGAGE CORPORATION 5 6.38% $9,711
MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.25% $12,285
Bank of America 5 6.00% $6,516
TOP FLITE FINANCIAL, INC. 4 6.66% $15,215
DIGNIFIED HOME LOANS, LLC 4 6.00% $10,725
GUILD MORTGAGE COMPANY 4 6.78% $10,207
MEMBER FIRST MORTGAGE, LLC 4 6.59% $8,094
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 7.03% $7,531
Northpointe Bank 4 6.44% $10,612
ARC HOME LLC 4 7.09% $12,914
Peoples Exchange Bank 4 6.16% $7,141
PHH Mortgage Corporation 4 6.34% $9,049
Peoples Bank 3 6.54% $7,690
ALLIED MORTGAGE GROUP, INC. 3 5.92% $7,143
KeyBank 3 6.00% $10,698
GVC MORTGAGE, INC. 3 6.79% $11,865
Stock Yards Bank & Trust Company 3 6.46% $8,149
FIRST ALLIANCE HOME MORTGAGE, LLC 3 5.71% $17,606
CMG MORTGAGE, INC. 3 6.71% $9,660
DEVELOPER'S MORTGAGE COMPANY 3 6.54% $13,003
DIRECT MORTGAGE LOANS, LLC 3 6.17% $11,759
THE EQUITABLE MORTGAGE CORPORATION 3 6.71% $6,844
JLB CORPORATION 2 5.81% $8,752
Magnolia Bank 2 6.69% $7,844
HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.56% $10,252
Hometown Equity Mortgage, LLC 2 6.19% $11,771
GSF Mortgage Corporation 2 7.00% $10,160
NBKC BANK 2 5.94% $8,557
NEW DAY FINANCIAL, LLC 2 7.81% $6,573
German American Bank 2 6.50% $6,646
First Federal Bank 2 6.06% $8,120
PLAZA HOME MORTGAGE, INC. 2 6.69% $16,238
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 5.50% $0
EVANSVILLE TEACHERS 2 6.31% $7,141
COMPASS MORTGAGE, INC. 2 6.81% $11,026
Strong Home Mortgage, LLC 2 6.00% $8,909
Citizens Bank 2 6.06% $9,072
Cf Bank 2 6.12% $7,219
The Park National Bank 2 6.75% $11,497
The State Bank and Trust Company 2 6.50% $8,370
TOWNE MORTGAGE COMPANY 2 6.81% $13,698
CALCON MUTUAL MORTGAGE LLC 2 5.88% $7,267
BETTER MORTGAGE CORPORATION 2 6.69% $8,011
Wells Fargo Bank 2 6.63% $6,872
LEADERONE FINANCIAL CORPORATION 2 6.19% $8,993
NORTHERN MORTGAGE SERVICES, LLC 1 5.75% $11,049
V.I.P. MORTGAGE, INC. 1 6.13% $12,706
Alerus Financial 1 6.13% $7,205
HALLMARK HOME MORTGAGE, LLC 1 6.75% $14,304
The Union Bank Company 1 6.25% $9,033
ENVOY MORTGAGE, LTD 1 6.13% $10,300
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.75% $6,311
TOTAL MORTGAGE SERVICES, LLC 1 7.00% $18,848
Willamette Valley Bank 1 6.13% $10,487
PREMIA MORTGAGE, LLC 1 6.68% $4,725
Central Bank 1 5.75% $10,426
INTERCOASTAL MORTGAGE COMPANY 1 6.25% $8,246
INTERLINC MORTGAGE SERVICES, LLC 1 7.75% $11,136
PLUS RELOCATION MORTGAGE, LLC 1 6.25% $14,647
First Merchants Bank 1 6.50% $6,546
PANORAMA MORTGAGE GROUP, LLC 1 7.25% $9,808
ON Q FINANCIAL, INC. 1 5.88% $8,657
SOUTHWEST FUNDING, LP 1 7.13% $18,039
OCMBC, INC. 1 7.13% $23,836
SIRVA MORTGAGE, INC. 1 5.25% $16,262
AmRes Corporation 1 6.63% $10,488
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.63% $7,673
Servion, Inc. 1 7.13% $9,984
SWBC MORTGAGE CORPORATION 1 6.13% $9,424
East Coast Capital Corp. 1 7.13% $12,601
Texana Bank 1 5.88% $13,138
RESIDENTIAL BANCORP 1 5.88% $10,667
EMBRACE HOME LOANS, INC. 1 5.49% $13,363

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

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).