Columbus FHA Loan Rates, Closing Costs & Stats

COLUMBUS, OH

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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.

    Columbus's 175 lenders originated 5,406 FHA loans during 2024. The total origination value was $1,690,690,000, with an average FHA loan value of $312,743.

    Columbus FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Columbus averaged -0.02% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Columbus's average FHA mortgage closing costs are $8,308.

    The average rate for the prior week (2025-06-13) was 6.76% and one month ago for the week of 2025-05-16, the average rate was 6.62%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.23%.

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

    Columbus 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 Columbus level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 457 6.33% $11,868
    DHI MORTGAGE COMPANY, LTD. 350 4.72% $10,271
    CROSSCOUNTRY MORTGAGE, LLC 339 6.65% $11,557
    UNITED WHOLESALE MORTGAGE, LLC 302 6.18% $12,657
    NFM, INC. 264 6.76% $14,053
    FREEDOM MORTGAGE CORPORATION 157 6.46% $12,280
    PENNYMAC LOAN SERVICES, LLC 138 6.05% $10,544
    HOMESIDE FINANCIAL, LLC 135 6.57% $13,598
    UNION HOME MORTGAGE CORP. 106 6.83% $11,592
    RUOFF MORTGAGE COMPANY, INC. 103 6.59% $8,733
    NVR Mortgage Finance, Inc. 102 6.06% $12,665
    NEWREZ LLC 93 6.54% $11,298
    The Huntington National Bank 92 6.69% $9,635
    M/I FINANCIAL, LLC 85 5.63% $17,847
    VICTORY MORTGAGE, L.L.C. 81 5.28% $9,366
    GUARANTEED RATE, INC. 69 6.36% $11,386
    RAPID MORTGAGE COMPANY 68 6.95% $12,259
    LOANDEPOT.COM, LLC 62 6.29% $11,387
    PULTE MORTGAGE LLC 56 5.31% $8,718
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 50 6.93% $12,283
    EQUITY RESOURCES, INC. 50 6.66% $8,425
    T2 FINANCIAL LLC 49 6.68% $11,475
    Carrington Mortgage Services, LLC 49 6.35% $12,079
    GSF Mortgage Corporation 47 6.82% $12,844
    BROKER SOLUTIONS, INC. 45 6.89% $12,280
    MUTUAL OF OMAHA MORTGAGE, INC. 45 6.36% $14,401
    Mr. Cooper ( Nationstar Mortgage ) 41 6.63% $12,430
    Union Savings Bank 38 6.42% $8,805
    DAS Acquisition Company, LLC 35 6.79% $12,384
    THE EQUITABLE MORTGAGE CORPORATION 32 6.34% $9,636
    LOANPAL, LLC 31 5.82% $13,096
    J. VIRGIL, INC. 30 6.94% $9,012
    LAKEVIEW LOAN SERVICING, LLC 29 6.40% $9,444
    Fifth Third Bank 27 6.46% $8,819
    PLANET HOME LENDING, LLC 27 6.18% $8,506
    HOWARD HANNA FINANCIAL SERVICES, INC. 26 6.63% $9,590
    UNION CAPITAL MORTGAGE CORPORATION 26 6.39% $11,320
    GENEVA FINANCIAL, LLC 26 6.80% $13,026
    Flagstar Bank, FSB 25 6.54% $9,132
    First Financial Bank 25 6.29% $10,607
    Equity Prime Mortgage LLC 24 6.90% $11,098
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 24 6.36% $13,149
    AmeriHome Mortgage Company, LLC 24 6.54% $6,944
    POLARIS HOME FUNDING CORP. 23 6.49% $12,645
    ENDEAVOR CAPITAL, LLC. 22 6.36% $9,550
    CARDINAL FINANCIAL 21 6.15% $12,736
    AMERISAVE MORTGAGE CORPORATION 21 6.02% $13,866
    GUARANTEED RATE AFFINITY, LLC 21 6.43% $11,381
    VILLAGE CAPITAL MORTGAGE 19 6.51% $6,484
    Nations Lending Corporation 19 6.58% $11,329
    PNC Bank 18 6.43% $8,207
    AMERICAN FINANCIAL NETWORK, INC. 18 6.37% $15,284
    JPMorgan Chase Bank 17 6.47% $7,508
    EVERETT FINANCIAL, INC. 17 7.14% $16,834
    AMERICAN PACIFIC MORTGAGE CORPORATION 16 6.79% $11,788
    The Union Bank Company 16 6.34% $9,787
    East Coast Capital Corp. 16 6.64% $10,172
    AMERICAN FINANCING CORPORATION 15 5.90% $12,109
    SUN WEST MORTGAGE COMPANY, INC. 14 5.81% $17,559
    VANDERBILT MORTGAGE AND FINANCE, INC. 14 5.96% $12,631
    The State Bank and Trust Company 14 6.73% $8,978
    RELIANCE FIRST CAPITAL, LLC 13 6.61% $13,726
    AmRes Corporation 12 6.99% $11,984
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 12 7.05% $5,962
    U.S. Bank 11 6.74% $9,931
    FIRST COMMUNITY MORTGAGE, INC. 11 6.34% $11,238
    NATIONS RELIABLE LENDING, LLC 10 6.65% $11,385
    KeyBank 10 6.14% $9,062
    Prosperity Home Mortgage, LLC 10 5.65% $13,391
    ROYAL UNITED MORTGAGE LLC 9 6.36% $10,262
    Paramount Residential Mortgage Group, Inc. 9 6.64% $10,979
    HALLMARK HOME MORTGAGE, LLC 9 6.96% $10,109
    AMERICAN FINANCIAL RESOURCES, INC. 9 6.85% $11,544
    BAYSHORE MORTGAGE FUNDING, LLC 9 6.60% $13,704
    GUILD MORTGAGE COMPANY 8 6.26% $13,475
    HOMEBRIDGE FINANCIAL SERVICES, INC. 8 6.72% $5,903
    Lakeview Community Capital, LLC 8 6.27% $7,894
    Mortgage Research Center, LLC 8 6.44% $10,275
    HOMESPIRE MORTGAGE CORPORATION 7 6.75% $10,494
    LIBERTY HOME MORTGAGE CORPORATION 7 6.88% $11,167
    The Federal Savings Bank 7 6.57% $14,613
    LAND HOME FINANCIAL SERVICES, INC. 7 6.61% $9,981
    Texana Bank 6 6.44% $14,335
    SUMMIT FUNDING, INC. 6 7.23% $10,579
    SECURITYNATIONAL MORTGAGE COMPANY 6 6.69% $12,188
    UNITED MORTGAGE CORP 6 6.71% $13,278
    TOWNE MORTGAGE COMPANY 6 6.73% $14,339
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 7.00% $11,621
    MYCUMORTGAGE, LLC 6 6.73% $9,542
    PLAZA HOME MORTGAGE, INC. 5 6.90% $7,891
    WRIGHT-PATT CREDIT UNION, INC. 5 6.33% $9,390
    VERITAS FUNDING, LLC 5 6.38% $17,360
    BETTER MORTGAGE CORPORATION 5 6.25% $6,978
    MID AMERICA MORTGAGE, INC. 5 6.73% $7,167
    MILEND, INC. 5 6.67% $14,806
    ZILLOW HOME LOANS, LLC 5 5.93% $11,854
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.15% $20,091
    MOVEMENT MORTGAGE, LLC 5 6.30% $8,429
    CHURCHILL MORTGAGE CORPORATION 5 6.53% $9,621
    First Commonwealth Bank 5 6.43% $9,125
    Civista Bank 5 6.08% $9,140
    ALLIED MORTGAGE GROUP, INC. 4 5.97% $12,555
    NATIONS DIRECT MORTGAGE, LLC 4 6.50% $11,573
    Wells Fargo Bank 4 6.34% $8,754
    DIRECT MORTGAGE LOANS, LLC 4 6.34% $10,243
    EMM LOANS LLC 4 6.34% $15,578
    NBKC BANK 4 6.25% $7,122
    Northpointe Bank 4 6.38% $11,512
    DEVELOPER'S MORTGAGE COMPANY 4 5.97% $13,434
    DIGNIFIED HOME LOANS, LLC 4 6.25% $11,070
    WesBanco 4 6.06% $7,913
    PHH Mortgage Corporation 4 6.31% $10,483
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.44% $10,130
    INTERCOASTAL MORTGAGE COMPANY 3 6.04% $12,442
    First Merchants Bank 3 7.04% $8,437
    NATIONWIDE MORTGAGE BANKERS, INC. 3 6.32% $13,815
    ENVOY MORTGAGE, LTD 3 6.13% $11,169
    Peoples Bank 3 6.08% $9,223
    Plains Commerce Bank 3 6.46% $13,610
    Cf Bank 3 6.00% $7,868
    The Loan Store, Inc. 3 6.04% $9,045
    CANOPY MORTGAGE, LLC 3 6.75% $22,303
    Bank of England 3 6.67% $12,183
    US MORTGAGE CORPORATION 3 7.00% $12,559
    TOP FLITE FINANCIAL, INC. 2 6.88% $12,413
    MICHIGAN MUTUAL, INC. 2 6.00% $12,880
    TruHome Solutions, LLC 2 5.25% $14,885
    NexBank 2 6.94% $6,813
    Barrington Bank & Trust Company, N.A. 2 6.75% $8,671
    M&T Bank 2 6.56% $9,530
    NETWORK CAPITAL FUNDING CORPORATION 2 5.69% $15,960
    Bank of America 2 6.00% $5,851
    Waterstone Mortgage Corporation 2 7.06% $12,657
    FIRST COLONY MORTGAGE CORPORATION 2 6.19% $9,129
    Evolve Bank & Trust 2 6.19% $7,317
    FIRST ALLIANCE HOME MORTGAGE, LLC 2 5.88% $24,201
    Heartland Bank 2 6.38% $10,680
    STOCKTON MORTGAGE CORPORATION 2 5.44% $19,499
    EMBRACE HOME LOANS, INC. 2 5.94% $11,745
    Cornerstone First Mortgage, Inc 2 6.69% $9,487
    PENTAGON FEDERAL CREDIT UNION 2 5.56% $18,121
    American Mortgage & Equity Consultants, Inc. 2 6.56% $15,965
    OCEANSIDE MORTGAGE COMPANY 2 6.31% $2,703
    HOMEXPRESS MORTGAGE CORP. 1 6.38% $9,774
    CALCON MUTUAL MORTGAGE LLC 1 6.63% $10,802
    TJC Mortgage, Inc. 1 7.13% $12,320
    Magnolia Bank 1 6.25% $10,127
    JLB CORPORATION 1 5.62% $13,516
    1ST SIGNATURE LENDING, LLC 1 6.13% $18,473
    AXIA FINANCIAL, LLC 1 7.25% $14,767
    JMAC LENDING, INC. 1 7.13% $11,778
    HARTFORD FUNDING, LTD. 1 6.63% $15,373
    OPEN MORTGAGE, LLC 1 5.99% $17,125
    Pacor Mortgage Corp 1 6.75% $7,491
    LEADERONE FINANCIAL CORPORATION 1 6.63% $10,852
    OCMBC, INC. 1 7.75% $20,278
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.99% $10,023
    DIRECT MORTGAGE, CORP. 1 6.63% $8,007
    PREMIA MORTGAGE, LLC 1 6.75% $7,015
    Premium Mortgage Corporation 1 7.75% $11,806
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $9,501
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.13% $8,925
    NEW DAY FINANCIAL, LLC 1 7.63% $3,971
    DATA MORTGAGE, INC. 1 5.75% $7,351
    CMG MORTGAGE, INC. 1 6.50% $14,767
    First Federal Bank 1 5.75% $9,978
    SENTE MORTGAGE, INC. 1 7.13% $5,877
    Sierra Pacific Mortgage Company, Inc. 1 5.75% $8,503
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $14,482
    First Federal Savings and Loan Association of Lakewood 1 5.63% $9,471
    Citizens Bank 1 6.25% $7,417
    MORTGAGE ACCESS CORP. 1 6.75% $14,060
    Gateway First Bank 1 7.13% $12,298
    Century Mortgage Company DBA Century Lending Company 1 6.75% $11,318
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 3.88% $11,489

    The top Columbus FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 457 FHA loans originated. Their average total fees are $11,868, which is $1,597 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Columbus FHA lenders (with over 10 loans originated) are GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION ($5,962), VILLAGE CAPITAL MORTGAGE ($6,484), AmeriHome Mortgage Company, LLC ($6,944), JPMorgan Chase Bank ($7,508) and PNC Bank ($8,207).

    The lowest rate Columbus FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.72%), VICTORY MORTGAGE, L.L.C. (5.28%), PULTE MORTGAGE LLC (5.31%), M/I FINANCIAL, LLC (5.63%) and Prosperity Home Mortgage, LLC (5.65%).

    Columbus FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    COLUMBUS, OH DELAWARE 2022 $439,300 $562,350 $679,800 $844,800
    COLUMBUS, OH FAIRFIELD 2022 $439,300 $562,350 $679,800 $844,800
    COLUMBUS, OH FRANKLIN 2022 $439,300 $562,350 $679,800 $844,800
    COLUMBUS, OH HOCKING 2022 $439,300 $562,350 $679,800 $844,800
    COLUMBUS, OH LICKING 2022 $439,300 $562,350 $679,800 $844,800
    COLUMBUS, OH MADISON 2022 $439,300 $562,350 $679,800 $844,800
    COLUMBUS, OH MORROW 2022 $439,300 $562,350 $679,800 $844,800
    COLUMBUS, OH PERRY 2022 $439,300 $562,350 $679,800 $844,800
    COLUMBUS, OH PICKAWAY 2022 $439,300 $562,350 $679,800 $844,800
    COLUMBUS, OH UNION 2022 $439,300 $562,350 $679,800 $844,800
    COLUMBUS, OH DELAWARE 2023 $488,750 $625,700 $756,300 $939,900
    COLUMBUS, OH FAIRFIELD 2023 $488,750 $625,700 $756,300 $939,900
    COLUMBUS, OH FRANKLIN 2023 $488,750 $625,700 $756,300 $939,900
    COLUMBUS, OH HOCKING 2023 $488,750 $625,700 $756,300 $939,900
    COLUMBUS, OH LICKING 2023 $488,750 $625,700 $756,300 $939,900
    COLUMBUS, OH MADISON 2023 $488,750 $625,700 $756,300 $939,900
    COLUMBUS, OH MORROW 2023 $488,750 $625,700 $756,300 $939,900
    COLUMBUS, OH PERRY 2023 $488,750 $625,700 $756,300 $939,900
    COLUMBUS, OH PICKAWAY 2023 $488,750 $625,700 $756,300 $939,900
    COLUMBUS, OH UNION 2023 $488,750 $625,700 $756,300 $939,900

    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).