Dayton FHA Loan Rates, Closing Costs & Stats

DAYTON-KETTERING, 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.

    Dayton's 144 lenders originated 2,258 FHA loans during 2024. The total origination value was $474,430,000, with an average FHA loan value of $210,111.

    Dayton FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Dayton averaged 6.59% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Dayton's average FHA mortgage closing costs are $6,730.

    The average rate for the prior week (2025-03-28) was 6.49% and one month ago for the week of 2025-02-28, the average rate was 6.77%.

    The average rate one year ago was 6.99%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.43%.

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

    Dayton 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 Dayton level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 203 6.42% $9,835
    Union Savings Bank 116 6.37% $6,838
    UNITED WHOLESALE MORTGAGE, LLC 89 6.32% $11,222
    HOMESIDE FINANCIAL, LLC 87 6.85% $9,584
    DAS Acquisition Company, LLC 85 6.98% $9,684
    LOANDEPOT.COM, LLC 70 6.73% $8,479
    CROSSCOUNTRY MORTGAGE, LLC 69 6.83% $9,573
    BROKER SOLUTIONS, INC. 69 6.86% $9,948
    WRIGHT-PATT CREDIT UNION, INC. 66 6.43% $6,200
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 62 6.93% $9,653
    NVR Mortgage Finance, Inc. 59 6.38% $9,902
    The Huntington National Bank 55 6.80% $8,633
    PENNYMAC LOAN SERVICES, LLC 47 6.10% $8,090
    PRIMELENDING, A PLAINSCAPITAL COMPANY 45 6.68% $9,276
    FREEDOM MORTGAGE CORPORATION 45 6.39% $10,436
    VICTORY MORTGAGE, L.L.C. 37 5.97% $9,734
    FIRST COMMUNITY MORTGAGE, INC. 35 6.89% $9,656
    NEWREZ LLC 35 6.54% $7,664
    UNION HOME MORTGAGE CORP. 33 6.86% $11,368
    GUARANTEED RATE, INC. 28 6.45% $9,678
    POLARIS HOME FUNDING CORP. 28 6.50% $12,173
    MOVEMENT MORTGAGE, LLC 27 6.49% $10,034
    VANDERBILT MORTGAGE AND FINANCE, INC. 27 5.75% $13,755
    TJC Mortgage, Inc. 26 6.76% $9,655
    Fifth Third Bank 24 6.65% $6,236
    Carrington Mortgage Services, LLC 20 6.73% $10,023
    GENEVA FINANCIAL, LLC 19 7.20% $10,109
    American Mortgage & Equity Consultants, Inc. 18 6.84% $11,223
    RUOFF MORTGAGE COMPANY, INC. 17 6.54% $8,705
    Equity Prime Mortgage LLC 17 6.90% $9,823
    M/I FINANCIAL, LLC 15 5.41% $18,543
    DHI MORTGAGE COMPANY, LTD. 13 5.61% $10,209
    LOANPAL, LLC 12 5.73% $10,085
    PLANET HOME LENDING, LLC 12 6.24% $5,958
    AMERISAVE MORTGAGE CORPORATION 12 6.29% $11,973
    U.S. Bank 12 6.51% $6,897
    NORTHERN MORTGAGE SERVICES, LLC 11 6.62% $6,341
    HOWARD HANNA FINANCIAL SERVICES, INC. 11 6.50% $9,725
    Paramount Residential Mortgage Group, Inc. 10 6.41% $10,346
    JPMorgan Chase Bank 10 6.33% $5,830
    ZILLOW HOME LOANS, LLC 9 6.57% $8,672
    LEADERONE FINANCIAL CORPORATION 9 6.88% $8,800
    LIBERTY HOME MORTGAGE CORPORATION 9 6.81% $9,531
    NATIONS RELIABLE LENDING, LLC 9 6.61% $9,541
    PRIMARY RESIDENTIAL MORTGAGE, INC. 9 6.65% $6,663
    Mortgage Research Center, LLC 8 6.34% $7,939
    ENDEAVOR CAPITAL, LLC. 8 6.26% $8,202
    Prosperity Home Mortgage, LLC 8 6.36% $11,816
    MUTUAL OF OMAHA MORTGAGE, INC. 8 6.95% $13,087
    Mr. Cooper ( Nationstar Mortgage ) 8 6.56% $10,167
    VAN DYK MORTGAGE CORPORATION 8 7.03% $7,182
    AmeriHome Mortgage Company, LLC 7 6.59% $5,599
    DIRECT MORTGAGE LOANS, LLC 7 6.66% $11,770
    First Financial Bank 7 6.64% $7,245
    LAKEVIEW LOAN SERVICING, LLC 7 6.70% $8,152
    Flagstar Bank, FSB 7 6.82% $6,637
    MYCUMORTGAGE, LLC 6 6.71% $8,023
    STOCKTON MORTGAGE CORPORATION 6 6.96% $9,631
    RAPID MORTGAGE COMPANY 6 6.83% $12,575
    T2 FINANCIAL LLC 6 7.00% $9,166
    NFM, INC. 6 6.52% $13,234
    WesBanco 5 6.23% $7,589
    Gateway First Bank 5 6.83% $9,101
    INSPIRE HOME LOANS INC. 5 5.83% $11,653
    MID AMERICA MORTGAGE, INC. 5 7.08% $4,906
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 6.57% $10,496
    VILLAGE CAPITAL MORTGAGE 5 6.13% $6,925
    EQUITY RESOURCES, INC. 5 6.88% $7,506
    AMERICAN FINANCIAL NETWORK, INC. 4 6.97% $13,057
    CARDINAL FINANCIAL 4 6.40% $13,118
    KeyBank 4 6.31% $7,455
    MORTGAGE 1 INCORPORATED 4 6.68% $10,175
    The Federal Savings Bank 4 6.91% $10,581
    AMERICAN FINANCIAL RESOURCES, INC. 4 6.94% $7,419
    AMERICAN FINANCING CORPORATION 4 6.13% $9,253
    ROYAL UNITED MORTGAGE LLC 4 6.72% $9,751
    EMM LOANS LLC 4 5.65% $13,673
    CANOPY MORTGAGE, LLC 4 6.72% $14,773
    Plains Commerce Bank 3 6.79% $11,992
    Barrington Bank & Trust Company, N.A. 3 6.58% $7,222
    LAND HOME FINANCIAL SERVICES, INC. 3 6.63% $10,511
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 7.04% $5,508
    Century Mortgage Company DBA Century Lending Company 3 6.83% $11,373
    TruHome Solutions, LLC 3 6.33% $8,831
    CMG MORTGAGE, INC. 3 6.08% $9,898
    PLAZA HOME MORTGAGE, INC. 3 7.21% $7,440
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.94% $10,883
    EVERETT FINANCIAL, INC. 2 6.31% $9,851
    MILEND, INC. 2 6.19% $15,017
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.75% $12,579
    DIGNIFIED HOME LOANS, LLC 2 6.75% $9,111
    GUILD MORTGAGE COMPANY 2 6.63% $8,937
    PENTAGON FEDERAL CREDIT UNION 2 6.13% $7,994
    BETTER MORTGAGE CORPORATION 2 5.81% $8,931
    PNC Bank 2 6.63% $8,244
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.69% $9,250
    1st National Bank 2 6.37% $10,440
    BAY EQUITY LLC 2 6.75% $7,188
    Guardian Savings Bank, A Federal Savings Bank 2 6.69% $8,257
    S1L, Inc. 2 7.00% $9,593
    SOUTHWEST FUNDING, LP 2 7.44% $8,652
    GUARANTEED RATE AFFINITY, LLC 2 6.63% $8,266
    SUN WEST MORTGAGE COMPANY, INC. 2 5.56% $13,197
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.88% $3,812
    UNITED MORTGAGE CORP 2 6.69% $9,560
    VERITAS FUNDING, LLC 2 6.50% $16,877
    Waterstone Mortgage Corporation 2 6.50% $12,911
    Wells Fargo Bank 2 6.38% $6,745
    Republic State Mortgage Co. 1 7.25% $6,096
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.75% $7,476
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.00% $13,106
    Bank of England 1 7.00% $9,693
    Lakeview Community Capital, LLC 1 6.25% $4,720
    SeaTrust Mortgage Company 1 7.63% $7,686
    SIBCY CLINE MORTGAGE SERVICES, INC. 1 6.25% $4,668
    DEVELOPER'S MORTGAGE COMPANY 1 6.75% $8,426
    First Commonwealth Bank 1 5.75% $7,647
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.88% $9,422
    J. VIRGIL, INC. 1 6.63% $10,612
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.13% $13,289
    Ixonia Bank 1 6.25% $4,733
    Bank of America 1 7.00% $8,148
    The Loan Store, Inc. 1 6.25% $9,521
    THE MORTGAGE FIRM, INC. 1 7.13% $7,103
    The Park National Bank 1 7.13% $8,402
    LCNB National Bank 1 5.50% $9,190
    TOP FLITE FINANCIAL, INC. 1 6.63% $11,405
    CONTOUR MORTGAGE CORPORATION 1 6.75% $14,106
    NP, Inc. 1 6.75% $14,941
    OCEANSIDE MORTGAGE COMPANY 1 6.25% $2,687
    CHURCHILL MORTGAGE CORPORATION 1 6.13% $12,763
    Civista Bank 1 5.75% $9,329
    AmRes Corporation 1 6.75% $16,566
    NEW DAY FINANCIAL, LLC 1 7.25% $6,868
    Encompass Lending Group, LP 1 6.75% $8,719
    NBKC BANK 1 6.13% $7,992
    Willamette Valley Bank 1 6.25% $15,088
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.13% $14,265
    ENVOY MORTGAGE, LTD 1 6.63% $7,943
    Cornerstone First Mortgage, Inc 1 6.13% $11,690
    FLAT BRANCH MORTGAGE, INC. 1 7.13% $6,764
    Nations Lending Corporation 1 6.63% $8,053
    NATIONS DIRECT MORTGAGE, LLC 1 6.63% $7,822
    RELIANCE FIRST CAPITAL, LLC 1 6.63% $10,951

    The top Dayton FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 203 FHA loans originated. Their average total fees are $9,835, which is $2,997 higher than the next largest lender, Union Savings Bank.

    The lowest fee Dayton FHA lenders (with over 10 loans originated) are JPMorgan Chase Bank ($5,830), PLANET HOME LENDING, LLC ($5,958), WRIGHT-PATT CREDIT UNION, INC. ($6,200), Fifth Third Bank ($6,236) and NORTHERN MORTGAGE SERVICES, LLC ($6,341).

    The lowest rate Dayton FHA lenders (with over 10 loans originated) are M/I FINANCIAL, LLC (5.41%), DHI MORTGAGE COMPANY, LTD. (5.61%), LOANPAL, LLC (5.73%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.75%) and VICTORY MORTGAGE, L.L.C. (5.97%).

    Dayton FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    DAYTON-KETTERING, OH GREENE 2022 $420,680 $538,650 $651,050 $809,150
    DAYTON-KETTERING, OH MIAMI 2022 $420,680 $538,650 $651,050 $809,150
    DAYTON-KETTERING, OH MONTGOMERY 2022 $420,680 $538,650 $651,050 $809,150
    DAYTON-KETTERING, OH GREENE 2023 $472,030 $604,400 $730,525 $907,900
    DAYTON-KETTERING, OH MIAMI 2023 $472,030 $604,400 $730,525 $907,900
    DAYTON-KETTERING, OH MONTGOMERY 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Dayton (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 $127,900 (11.3%) $184,514 (9.6%) 0.47 2,363
    2018-02-01 $132,398 (15.2%) $190,297 (12.7%) 0.48 2,205
    2018-03-01 $139,500 (21.4%) $197,479 (14.0%) 0.48 2,099
    2018-04-01 $139,900 (16.7%) $198,972 (9.1%) 0.47 2,095
    2018-05-01 $144,950 (17.6%) $207,840 (13.2%) 0.48 2,130
    2018-06-01 $154,900 (22.5%) $213,319 (13.7%) 0.52 2,311
    2018-07-01 $159,450 (11.9%) $216,067 (9.9%) 0.53 2,435
    2018-08-01 $157,750 (12.3%) $214,234 (8.9%) 0.53 2,606
    2018-09-01 $149,900 (7.2%) $206,009 (4.8%) 0.50 2,783
    2018-10-01 $147,450 (2.2%) $202,919 (3.4%) 0.49 2,876
    2018-11-01 $148,700 (8.2%) $201,445 (3.9%) 0.50 2,823
    2018-12-01 $146,900 (13.1%) $197,932 (6.3%) 0.50 2,633
    2019-01-01 $145,500 (13.8%) $197,165 (6.9%) 0.50 2,235
    2019-02-01 $146,450 (10.6%) $204,554 (7.5%) 0.49 2,024
    2019-03-01 $151,429 (8.6%) $206,206 (4.4%) 0.49 2,230
    2019-04-01 $154,950 (10.8%) $205,434 (3.3%) 0.49 2,513
    2019-05-01 $158,925 (9.6%) $208,411 (0.3%) 0.49 2,527
    2019-06-01 $165,000 (6.5%) $220,231 (3.2%) 0.51 2,022
    2019-07-01 $175,950 (10.4%) $225,261 (4.3%) 0.55 2,169
    2019-08-01 $174,000 (10.3%) $228,771 (6.8%) 0.55 2,141
    2019-09-01 $169,950 (13.4%) $229,739 (11.5%) 0.54 2,126
    2019-10-01 $171,445 (16.3%) $228,540 (12.6%) 0.55 2,242
    2019-11-01 $169,000 (13.7%) $226,391 (12.4%) 0.55 2,174
    2019-12-01 $162,200 (10.4%) $224,889 (13.6%) 0.54 1,908
    2020-01-01 $161,450 (11.0%) $223,184 (13.2%) 0.54 1,677
    2020-02-01 $169,900 (16.0%) $228,584 (11.8%) 0.55 1,442
    2020-03-01 $187,400 (23.8%) $242,074 (17.4%) 0.59 1,496
    2020-04-01 $192,325 (24.1%) $241,444 (17.5%) 0.60 1,423
    2020-05-01 $198,000 (24.6%) $252,227 (21.0%) 0.60 1,271
    2020-06-01 $207,445 (25.7%) $254,780 (15.7%) 0.61 1,157
    2020-07-01 $200,950 (14.2%) $253,519 (12.5%) 0.58 1,137
    2020-08-01 $199,900 (14.9%) $254,779 (11.4%) 0.57 1,141
    2020-09-01 $209,900 (23.5%) $258,208 (12.4%) 0.60 1,183
    2020-10-01 $199,969 (16.6%) $257,858 (12.8%) 0.57 1,227
    2020-11-01 $189,950 (12.4%) $252,261 (11.4%) 0.54 1,205
    2020-12-01 $185,450 (14.3%) $249,327 (10.9%) 0.54 1,062
    2021-01-01 $194,900 (20.7%) $247,295 (10.8%) 0.57 831
    2021-02-01 $195,000 (14.8%) $264,451 (15.7%) 0.56 601
    2021-03-01 $182,400 (-2.7%) $272,152 (12.4%) 0.51 609
    2021-04-01 $183,900 (-4.4%) $276,076 (14.3%) 0.49 600
    2021-05-01 $195,000 (-1.5%) $285,115 (13.0%) 0.51 632
    2021-06-01 $199,500 (-3.8%) $282,182 (10.8%) 0.52 801
    2021-07-01 $212,900 (6.0%) $287,155 (13.3%) 0.55 934
    2021-08-01 $214,950 (7.5%) $288,253 (13.1%) 0.57 1,135
    2021-09-01 $207,400 (-1.2%) $287,809 (11.5%) 0.55 1,149
    2021-10-01 $199,000 (-0.5%) $268,495 (4.1%) 0.52 1,147
    2021-11-01 $189,000 (-0.5%) $269,152 (6.7%) 0.50 998
    2021-12-01 $188,700 (1.8%) $272,894 (9.5%) 0.50 905
    2022-01-01 $180,000 (-7.6%) $269,908 (9.1%) 0.48 699
    2022-02-01 $197,450 (1.3%) $286,116 (8.2%) 0.50 506
    2022-03-01 $214,900 (17.8%) $294,997 (8.4%) 0.53 532
    2022-04-01 $214,900 (16.9%) $274,174 (-0.7%) 0.51 742
    2022-05-01 $217,450 (11.5%) $290,618 (1.9%) 0.49 929
    2022-06-01 $227,450 (14.0%) $298,630 (5.8%) 0.51 1,081
    2022-07-01 $227,500 (6.9%) $292,982 (2.0%) 0.51 1,260
    2022-08-01 $227,000 (5.6%) $288,637 (0.1%) 0.52 1,310
    Dayton's median listing price for 2022-08-01 was $227,000, a difference of $12,050 (5.6%) versus the prior year and $-500 versus the prior month.

    Dayton's median listing price comes in at 52% of the national average.

    Dayton's average listing price for 2022-08-01 was $288,637, a difference of $384 (0.1%) versus the prior year and $-4,345 versus the prior month.

    For the 2022-08-01 period, Dayton had 1,310 MLS listings, a difference of 50 listings (4%) versus the prior month and 175 listings (15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Dayton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 76 days 1,493 sqft
    2018-02-01 68 days 1,535 sqft
    2018-03-01 50 days 1,635 sqft
    2018-04-01 45 days 1,640 sqft
    2018-05-01 42 days 1,666 sqft
    2018-06-01 44 days 1,680 sqft
    2018-07-01 44 days 1,713 sqft
    2018-08-01 46 days 1,708 sqft
    2018-09-01 49 days 1,664 sqft
    2018-10-01 52 days 1,644 sqft
    2018-11-01 56 days 1,639 sqft
    2018-12-01 65 days 1,602 sqft
    2019-01-01 74 days 1,598 sqft
    2019-02-01 72 days 1,588 sqft
    2019-03-01 53 days 1,630 sqft
    2019-04-01 41 days 1,664 sqft
    2019-05-01 37 days 1,668 sqft
    2019-06-01 39 days 1,705 sqft
    2019-07-01 41 days 1,768 sqft
    2019-08-01 46 days 1,749 sqft
    2019-09-01 49 days 1,717 sqft
    2019-10-01 46 days 1,693 sqft
    2019-11-01 52 days 1,680 sqft
    2019-12-01 61 days 1,668 sqft
    2020-01-01 65 days 1,631 sqft
    2020-02-01 56 days 1,637 sqft
    2020-03-01 40 days 1,694 sqft
    2020-04-01 47 days 1,701 sqft
    2020-05-01 60 days 1,730 sqft
    2020-06-01 50 days 1,777 sqft
    2020-07-01 40 days 1,765 sqft
    2020-08-01 35 days 1,762 sqft
    2020-09-01 36 days 1,776 sqft
    2020-10-01 33 days 1,762 sqft
    2020-11-01 38 days 1,704 sqft
    2020-12-01 50 days 1,655 sqft
    2021-01-01 58 days 1,568 sqft
    2021-02-01 54 days 1,541 sqft
    2021-03-01 37 days 1,524 sqft
    2021-04-01 32 days 1,569 sqft
    2021-05-01 28 days 1,516 sqft
    2021-06-01 24 days 1,607 sqft
    2021-07-01 24 days 1,691 sqft
    2021-08-01 25 days 1,622 sqft
    2021-09-01 31 days 1,574 sqft
    2021-10-01 35 days 1,559 sqft
    2021-11-01 40 days 1,533 sqft
    2021-12-01 43 days 1,488 sqft
    2022-01-01 49 days 1,448 sqft
    2022-02-01 46 days 1,499 sqft
    2022-03-01 28 days 1,580 sqft
    2022-04-01 28 days 1,510 sqft
    2022-05-01 29 days 1,557 sqft
    2022-06-01 27 days 1,613 sqft
    2022-07-01 30 days 1,624 sqft
    2022-08-01 36 days 1,665 sqft
    Dayton's median listing age (time on market) for 2022-08-01 was 36 days. This is 47% longer than the same period one year ago.

    Dayton's median square footage for active listings during the 2022-08-01 period was 1,665 sqft. One year prior, the average listing was 1,622 sqft.

    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).