Crestview FHA Loan Rates, Closing Costs & Stats

CRESTVIEW-FORT WALTON BEACH-DESTIN, 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.

    Crestview's 122 lenders originated 881 FHA loans during 2024. The total origination value was $267,715,000, with an average FHA loan value of $303,876.

    Crestview FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Crestview averaged 0.06% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Crestview's average FHA mortgage closing costs are $8,953.

    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 6.3%.

    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 -0.62%.

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

    Crestview 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 Crestview level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 95 4.87% $8,962
    BROKER SOLUTIONS, INC. 80 6.52% $10,147
    UNITED WHOLESALE MORTGAGE, LLC 69 6.25% $14,824
    QUICKEN LOANS, LLC 66 6.20% $13,146
    MOVEMENT MORTGAGE, LLC 39 6.44% $13,330
    CROSSCOUNTRY MORTGAGE, LLC 27 6.42% $12,969
    Waterstone Mortgage Corporation 24 6.64% $12,198
    FBC MORTGAGE, LLC 22 4.83% $8,869
    DSLD MORTGAGE, LLC 17 5.70% $10,206
    INSPIRE HOME LOANS INC. 16 5.66% $8,812
    University Bank 15 5.88% $12,141
    FREEDOM MORTGAGE CORPORATION 15 6.32% $12,552
    PRIMELENDING, A PLAINSCAPITAL COMPANY 13 6.59% $14,119
    MORTGAGE SOLUTIONS OF COLORADO, LLC 13 6.65% $13,868
    Equity Prime Mortgage LLC 10 6.86% $13,801
    PENNYMAC LOAN SERVICES, LLC 9 6.25% $11,932
    NEWREZ LLC 9 6.43% $11,030
    Bank of England 9 6.21% $12,863
    Ameris Bank 8 6.23% $10,562
    GUARANTEED RATE, INC. 7 6.16% $12,559
    CANOPY MORTGAGE, LLC 7 6.11% $26,271
    MUTUAL OF OMAHA MORTGAGE, INC. 7 6.82% $13,954
    TOWNE MORTGAGE COMPANY 7 6.29% $13,065
    Regions Bank 6 6.17% $10,673
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.23% $14,769
    Northpointe Bank 6 6.56% $12,631
    GUILD MORTGAGE COMPANY 5 6.73% $11,617
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.93% $8,189
    SUCCESS MORTGAGE PARTNERS, INC. 5 6.85% $12,167
    Plains Commerce Bank 5 6.35% $9,115
    NFM, INC. 5 6.73% $13,056
    Centennial Bank 5 6.20% $11,523
    GUARANTEED RATE AFFINITY, LLC 5 6.47% $14,466
    LAKEVIEW LOAN SERVICING, LLC 5 6.85% $9,716
    LOANDEPOT.COM, LLC 4 6.62% $8,972
    Carrington Mortgage Services, LLC 4 7.03% $8,202
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.25% $11,157
    ZILLOW HOME LOANS, LLC 3 6.29% $14,675
    American Mortgage Bank, LLC 3 5.46% $14,210
    CARDINAL FINANCIAL 3 6.16% $16,806
    CMG MORTGAGE, INC. 3 5.96% $14,772
    Flagstar Bank, FSB 3 6.26% $10,137
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.83% $8,347
    MORIA DEVELOPMENT, INC. 3 7.29% $10,108
    STOCKTON MORTGAGE CORPORATION 3 6.71% $13,339
    SWBC MORTGAGE CORPORATION 3 6.83% $7,715
    US MORTGAGE CORPORATION 3 6.63% $14,325
    East Coast Capital Corp. 2 6.38% $8,537
    VILLAGE CAPITAL MORTGAGE 2 6.81% $5,036
    AmeriHome Mortgage Company, LLC 2 6.88% $9,674
    SUN WEST MORTGAGE COMPANY, INC. 2 6.74% $14,337
    AMERICAN FINANCIAL NETWORK, INC. 2 6.56% $11,968
    FIDELITY BANK 2 5.94% $13,488
    T2 FINANCIAL LLC 2 6.44% $20,068
    ENVOY MORTGAGE, LTD 2 6.88% $9,318
    MORTGAGE ONE OF THE SOUTH, INC. 2 5.44% $8,593
    Nations Lending Corporation 2 6.94% $8,952
    Towne Bank 2 5.88% $19,823
    AMERISAVE MORTGAGE CORPORATION 2 6.25% $11,590
    Renasant Bank 2 6.44% $9,879
    Truist 2 5.75% $10,661
    Trustmark National Bank 2 6.50% $11,511
    United Community Bank 2 5.69% $13,666
    Mortgage Research Center, LLC 2 6.50% $7,057
    BankPlus 2 5.56% $9,082
    Ixonia Bank 2 6.75% $9,730
    Gateway First Bank 2 6.69% $15,600
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.81% $11,369
    PLAZA HOME MORTGAGE, INC. 2 6.62% $8,414
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.75% $13,520
    NATIONS DIRECT MORTGAGE, LLC 1 7.75% $24,691
    Citizens Bank 1 6.50% $10,794
    BETTER MORTGAGE CORPORATION 1 5.25% $20,155
    BAY-VALLEY MORTGAGE GROUP 1 7.13% $18,409
    OPEN MORTGAGE, LLC 1 5.25% $17,201
    PANORAMA MORTGAGE GROUP, LLC 1 7.25% $12,762
    Paramount Residential Mortgage Group, Inc. 1 7.13% $7,844
    Barrington Bank & Trust Company, N.A. 1 6.25% $17,102
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $12,030
    PLANET HOME LENDING, LLC 1 6.25% $9,282
    PNC Bank 1 7.00% $16,116
    Presidential Bank, FSB 1 5.75% $17,578
    BancorpSouth 1 5.75% $9,981
    Princeton Mortgage Corporation 1 6.25% $16,236
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.25% $10,711
    ROYAL UNITED MORTGAGE LLC 1 7.13% $7,523
    RUOFF MORTGAGE COMPANY, INC. 1 7.00% $7,702
    SeaTrust Mortgage Company 1 5.63% $13,349
    SFMC, LP 1 6.99% $14,820
    Sierra Pacific Mortgage Company, Inc. 1 7.13% $7,364
    Synovus Bank 1 6.50% $8,952
    The Federal Savings Bank 1 7.00% $9,652
    The Loan Store, Inc. 1 5.25% $21,649
    THE MORTGAGE FIRM, INC. 1 6.25% $10,120
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.99% $24,723
    TruHome Solutions, LLC 1 6.63% $8,406
    First State Bank of St. Charles, Missouri 1 6.50% $9,801
    AMERICAN FINANCING CORPORATION 1 5.13% $12,985
    FIRST COMMUNITY MORTGAGE, INC. 1 6.49% $17,073
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 5.88% $16,439
    FIRST COLONY MORTGAGE CORPORATION 1 5.63% $9,517
    Hancock Whitney Bank 1 6.50% $12,538
    Home Mortgage Alliance Corp 1 8.25% $7,857
    HOMESIDE FINANCIAL, LLC 1 5.88% $16,905
    HOMESPIRE MORTGAGE CORPORATION 1 7.00% $5,492
    Hometown Equity Mortgage, LLC 1 7.00% $12,638
    HOMEXPRESS MORTGAGE CORP. 1 5.75% $12,146
    JMAC LENDING, INC. 1 6.00% $12,893
    JPMorgan Chase Bank 1 6.63% $10,864
    KBHS HOME LOANS, LLC 1 5.88% $9,396
    Lakeview Community Capital, LLC 1 6.63% $9,755
    EMM LOANS LLC 1 6.25% $22,942
    LEADERONE FINANCIAL CORPORATION 1 5.38% $9,297
    LOANLEADERS OF AMERICA, INC. 1 6.63% $14,990
    MEGASTAR FINANCIAL CORP. 1 6.63% $8,874
    MICHIGAN MUTUAL, INC. 1 7.25% $10,332
    MID AMERICA MORTGAGE, INC. 1 7.00% $9,592
    ALLIED MORTGAGE GROUP, INC. 1 5.75% $22,158
    MORTGAGE INVESTORS GROUP, INC. 1 6.13% $9,418
    Commerce Home Mortgage, Inc. 1 7.13% $15,994
    City National Bank of Florida 1 5.88% $9,551
    Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $8,420

    The top Crestview FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 95 FHA loans originated. Their average total fees are $8,962, which is $1,185 lower than the next largest lender, BROKER SOLUTIONS, INC..

    The lowest fee Crestview FHA lenders (with over 10 loans originated) are INSPIRE HOME LOANS INC. ($8,812), FBC MORTGAGE, LLC ($8,869), DHI MORTGAGE COMPANY, LTD. ($8,962), BROKER SOLUTIONS, INC. ($10,147) and DSLD MORTGAGE, LLC ($10,206).

    The lowest rate Crestview FHA lenders (with over 10 loans originated) are FBC MORTGAGE, LLC (4.83%), DHI MORTGAGE COMPANY, LTD. (4.87%), INSPIRE HOME LOANS INC. (5.66%), DSLD MORTGAGE, LLC (5.70%) and University Bank (5.88%).

    Crestview FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL OKALOOSA 2022 $539,350 $690,450 $834,600 $1,037,200
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL WALTON 2022 $539,350 $690,450 $834,600 $1,037,200
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL OKALOOSA 2023 $603,750 $772,900 $934,250 $1,161,050
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL WALTON 2023 $603,750 $772,900 $934,250 $1,161,050

    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).