Clewiston FHA Loan Rates, Closing Costs & Stats

Clewiston, FL

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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.

    Clewiston's 63 lenders originated 333 FHA loans during 2024. The total origination value was $93,385,000, with an average FHA loan value of $280,435.

    Clewiston FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Clewiston averaged 0.11% for the week of 2026-07-03, compared to the national average (all FHA variants) of 0% for the same period.

    Clewiston's average FHA mortgage closing costs are $10,100.

    The average rate for the prior week (2026-06-26) was 6.18% and one month ago for the week of 2026-05-29, the average rate was 6.17%.

    The average rate one year ago was 6.5%.

    For refis of the same type during the week of 2026-07-03, the average rate was 0.2%.

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

    Clewiston 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 Clewiston level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 45 6.27% $13,458
    AMERICAN PACIFIC MORTGAGE CORPORATION 37 5.94% $12,460
    CROSSCOUNTRY MORTGAGE, LLC 23 6.71% $15,072
    QUICKEN LOANS, LLC 20 6.32% $12,971
    LOANDEPOT.COM, LLC 20 6.02% $9,434
    DHI MORTGAGE COMPANY, LTD. 15 5.55% $8,478
    INSPIRE HOME LOANS INC. 11 5.55% $9,485
    Paramount Residential Mortgage Group, Inc. 10 6.35% $14,592
    CMG MORTGAGE, INC. 8 6.38% $13,636
    PENNYMAC LOAN SERVICES, LLC 7 6.23% $10,124
    Flagstar Bank, FSB 6 6.80% $15,567
    AMERICAN FINANCIAL NETWORK, INC. 6 6.75% $13,556
    EVERETT FINANCIAL, INC. 6 7.33% $12,980
    FREEDOM MORTGAGE CORPORATION 5 6.27% $12,290
    Plains Commerce Bank 5 6.45% $12,361
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.33% $10,756
    Waterstone Mortgage Corporation 5 6.38% $13,982
    Equity Prime Mortgage LLC 4 7.34% $13,436
    FBC MORTGAGE, LLC 4 6.53% $11,315
    Mr. Cooper ( Nationstar Mortgage ) 3 6.42% $14,151
    The Loan Store, Inc. 3 6.08% $15,103
    BROKER SOLUTIONS, INC. 3 7.04% $13,271
    AMERICAN BANCSHARES MORTGAGE 3 7.21% $14,062
    Cornerstone First Mortgage, Inc 3 4.50% $6,923
    Acre Mortgage and Financial Inc 2 6.75% $18,452
    ALKAN MORTGAGE CORPORATION 2 6.50% $12,887
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.31% $8,880
    GUARANTEED RATE, INC. 2 6.96% $14,415
    GUILD MORTGAGE COMPANY 2 7.13% $12,612
    HOMESIDE FINANCIAL, LLC 2 6.44% $15,062
    JMAC LENDING, INC. 2 5.44% $18,406
    MID AMERICA MORTGAGE, INC. 2 7.25% $8,006
    MY MORTGAGE, INC. 2 6.75% $18,018
    NEWREZ LLC 2 6.69% $12,297
    South State Bank 2 6.06% $9,139
    American Mortgage & Equity Consultants, Inc. 1 6.63% $17,878
    MORTGAGE 1 INCORPORATED 1 6.63% $15,985
    ENDEAVOR CAPITAL, LLC. 1 6.63% $8,217
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.50% $18,588
    VAN DYK MORTGAGE CORPORATION 1 6.63% $4,128
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.63% $9,515
    DG PINNACLE FUNDING LLC 1 6.75% $14,115
    Consumer First Mortgage, Inc. 1 6.99% $7,965
    City Lending Inc. 1 7.75% $17,423
    POINT Mortgage 1 6.75% $16,484
    Citizens Bank 1 6.75% $7,737
    RESIDENTIAL BANCORP 1 6.63% $8,025
    RESOURCE FINANCIAL SERVICES, INC. 1 7.63% $6,907
    ROYAL UNITED MORTGAGE LLC 1 7.00% $12,990
    SeaTrust Mortgage Company 1 6.13% $12,854
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.13% $16,907
    ZILLOW HOME LOANS, LLC 1 5.75% $11,746
    STOCKTON MORTGAGE CORPORATION 1 6.50% $11,604
    T2 FINANCIAL LLC 1 6.75% $11,075
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.25% $14,534
    TJC Mortgage, Inc. 1 6.00% $9,807
    TOP FLITE FINANCIAL, INC. 1 6.00% $6,503
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $10,850
    TOTAL MORTGAGE SERVICES, LLC 1 5.75% $10,289
    GENEVA FINANCIAL, LLC 1 7.75% $13,790
    TOWNE MORTGAGE COMPANY 1 6.38% $19,550
    LEADERONE FINANCIAL CORPORATION 1 7.25% $10,275
    Fifth Third Bank 1 6.50% $10,078

    The top Clewiston FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 45 FHA loans originated. Their average total fees are $13,458, which is $998 higher than the next largest lender, AMERICAN PACIFIC MORTGAGE CORPORATION.

    The lowest fee Clewiston FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($8,478), LOANDEPOT.COM, LLC ($9,434), INSPIRE HOME LOANS INC. ($9,485), AMERICAN PACIFIC MORTGAGE CORPORATION ($12,460) and QUICKEN LOANS, LLC ($12,971).

    The lowest rate Clewiston FHA lenders (with over 10 loans originated) are INSPIRE HOME LOANS INC. (5.55%), DHI MORTGAGE COMPANY, LTD. (5.55%), AMERICAN PACIFIC MORTGAGE CORPORATION (5.94%), LOANDEPOT.COM, LLC (6.02%) and UNITED WHOLESALE MORTGAGE, LLC (6.27%).

    Clewiston FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    CLEWISTON, FL HENDRY 2022 $420,680 $538,650 $651,050 $809,150
    CLEWISTON, FL HENDRY 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).