Deltona FHA Loan Rates, Closing Costs & Stats

DELTONA-DAYTONA BEACH-ORMOND BEACH, 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.

    Deltona's 207 lenders originated 3,621 FHA loans during 2023. The total origination value was $1,048,585,000, with an average FHA loan value of $289,584.

    Deltona FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Deltona averaged 6.07% for the week of 2024-11-08, compared to the national average (all FHA variants) of 6.425% for the same period.

    Deltona's average FHA mortgage closing costs are $8,747.

    The average rate for the prior week (2024-11-01) was 6.45% and one month ago for the week of 2024-10-04, the average rate was 5.67%.

    The average rate one year ago was 7.01%.

    For refis of the same type during the week of 2024-11-08, the average rate was 7.05%.

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

    Deltona 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 Deltona level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 474 6.31% $13,318
    DHI MORTGAGE COMPANY, LTD. 334 5.33% $9,664
    QUICKEN LOANS, LLC 265 6.15% $12,695
    Waterstone Mortgage Corporation 141 6.53% $14,912
    LOANDEPOT.COM, LLC 107 6.33% $11,342
    CROSSCOUNTRY MORTGAGE, LLC 93 6.63% $14,110
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 72 6.65% $12,530
    EAGLE HOME MORTGAGE, LLC 70 5.51% $11,999
    FBC MORTGAGE, LLC 63 6.23% $11,901
    THE MORTGAGE FIRM, INC. 63 6.75% $11,717
    BROKER SOLUTIONS, INC. 57 6.56% $14,639
    PENNYMAC LOAN SERVICES, LLC 54 6.21% $13,602
    FREEDOM MORTGAGE CORPORATION 52 6.58% $13,964
    NEWREZ LLC 44 6.32% $13,821
    NVR Mortgage Finance, Inc. 42 5.76% $11,435
    GUILD MORTGAGE COMPANY 41 6.58% $13,340
    CARDINAL FINANCIAL 39 6.38% $12,324
    MOVEMENT MORTGAGE, LLC 39 6.61% $12,587
    JET HOMELOANS, LLC 38 6.01% $13,366
    Carrington Mortgage Services, LLC 36 6.58% $13,829
    Mortgage Lenders Investment Trading Corporation 36 6.79% $11,768
    HOMEBRIDGE FINANCIAL SERVICES, INC. 33 6.12% $12,083
    CMG MORTGAGE, INC. 32 6.68% $13,600
    Paramount Residential Mortgage Group, Inc. 29 6.85% $13,856
    Ameris Bank 29 6.76% $10,365
    Plains Commerce Bank 27 6.50% $13,496
    Mr. Cooper ( Nationstar Mortgage ) 26 6.25% $15,531
    Flagstar Bank, FSB 24 6.52% $15,267
    AMERICAN FINANCIAL NETWORK, INC. 24 6.98% $15,031
    Bank of England 22 6.28% $12,191
    GUARANTEED RATE, INC. 21 6.65% $12,385
    CALIBER HOME LOANS, INC. 20 6.09% $14,428
    Equity Prime Mortgage LLC 19 6.58% $13,753
    NFM, INC. 19 6.31% $15,139
    PRIMELENDING, A PLAINSCAPITAL COMPANY 19 6.74% $13,231
    VELOCIO MORTGAGE L.L.C. 18 5.43% $16,555
    MUTUAL OF OMAHA MORTGAGE, INC. 18 6.57% $13,190
    EVERETT FINANCIAL, INC. 18 6.87% $13,278
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 17 6.91% $15,097
    SUN WEST MORTGAGE COMPANY, INC. 16 6.70% $14,024
    AMERICAN PACIFIC MORTGAGE CORPORATION 15 6.74% $13,062
    AMERISAVE MORTGAGE CORPORATION 15 6.35% $14,859
    PULTE MORTGAGE LLC 15 6.31% $8,245
    PLAZA HOME MORTGAGE, INC. 14 6.69% $12,261
    SUCCESS MORTGAGE PARTNERS, INC. 14 6.83% $12,671
    Ixonia Bank 13 6.96% $14,748
    Regions Bank 13 6.13% $9,891
    GUARANTEED RATE AFFINITY, LLC 13 6.68% $12,761
    Century Mortgage Company DBA Century Lending Company 12 6.46% $14,276
    EMM LOANS LLC 12 6.25% $13,895
    UNION HOME MORTGAGE CORP. 12 6.51% $11,487
    First Horizon Bank 12 6.43% $10,603
    Citizens Bank 11 6.43% $14,393
    HOMESIDE FINANCIAL, LLC 11 6.56% $13,743
    LOANPAL, LLC 11 5.58% $13,368
    WATSON MORTGAGE CORP. 10 6.43% $12,164
    Nations Lending Corporation 10 6.55% $12,891
    South State Bank 10 6.25% $11,756
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 9 6.99% $10,398
    MATTAMY HOME FUNDING, LLC 9 6.00% $12,507
    BAY EQUITY LLC 9 6.73% $10,353
    Prosperity Home Mortgage, LLC 9 6.53% $15,005
    TOWNE MORTGAGE COMPANY 8 6.97% $13,199
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 8 6.14% $12,783
    INSPIRE HOME LOANS INC. 8 5.84% $10,012
    LAKEVIEW LOAN SERVICING, LLC 8 6.17% $13,546
    VILLAGE CAPITAL MORTGAGE 7 5.99% $15,226
    HOMEOWNERS FINANCIAL GROUP USA, LLC 7 6.52% $13,945
    TOP FLITE FINANCIAL, INC. 7 7.04% $12,187
    Truist 7 6.31% $9,892
    GENEVA FINANCIAL, LLC 7 6.41% $15,422
    CHURCHILL MORTGAGE CORPORATION 7 6.27% $11,733
    STOCKTON MORTGAGE CORPORATION 7 6.88% $11,625
    MORTGAGE EQUITY PARTNERS LLC 7 6.52% $13,533
    MID AMERICA MORTGAGE, INC. 7 7.14% $9,246
    PLANET HOME LENDING, LLC 7 6.13% $12,517
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.67% $13,398
    SECURITYNATIONAL MORTGAGE COMPANY 6 6.63% $13,811
    Sierra Pacific Mortgage Company, Inc. 6 6.10% $16,725
    VYSTAR 6 7.10% $6,781
    HALLMARK HOME MORTGAGE, LLC 5 6.43% $11,196
    AMERICAN FINANCIAL RESOURCES, INC. 5 5.63% $15,218
    Florida Capital Bank 5 6.58% $11,539
    NETWORK CAPITAL FUNDING CORPORATION 5 6.33% $10,603
    Mortgage Research Center, LLC 5 6.78% $8,919
    The Federal Savings Bank 5 6.55% $12,128
    Bank of America 5 6.75% $10,962
    M/I FINANCIAL, LLC 5 6.20% $19,654
    OCMBC, INC. 5 7.08% $12,689
    CANOPY MORTGAGE, LLC 5 6.65% $13,874
    ACOPIA, LLC 5 6.45% $14,044
    ZILLOW HOME LOANS, LLC 4 6.75% $10,726
    CITY FIRST MORTGAGE SERVICES, L.L.C. 4 7.28% $12,291
    Cornerstone First Mortgage, Inc 4 6.59% $12,601
    EMBRACE HOME LOANS, INC. 4 6.75% $14,149
    Fifth Third Bank 4 6.44% $9,931
    FIRST MORTGAGE COMPANY, INC. 4 5.90% $10,707
    JPMorgan Chase Bank 4 6.53% $7,491
    LOANLEADERS OF AMERICA, INC. 4 6.41% $17,904
    PNC Bank 4 6.81% $6,409
    Loan Simple, Inc. 3 7.25% $14,948
    MY MORTGAGE, INC. 3 7.04% $16,163
    NATIONS DIRECT MORTGAGE, LLC 3 6.88% $17,654
    JMAC LENDING, INC. 3 6.21% $10,392
    NBKC BANK 3 6.00% $9,598
    MORTGAGE FINANCIAL GROUP, INC. 3 6.54% $10,884
    Summit Mortgage Corporation 3 6.62% $11,264
    CALCON MUTUAL MORTGAGE LLC 3 6.50% $18,784
    HOMESPIRE MORTGAGE CORPORATION 3 6.42% $12,455
    Keystone Funding, Inc. 3 6.42% $19,956
    NORTHPOINT MORTGAGE, INC. 3 5.91% $9,354
    VERITAS FUNDING, LLC 3 6.54% $19,018
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.50% $13,498
    LEADERONE FINANCIAL CORPORATION 3 6.37% $17,298
    KBHS HOME LOANS, LLC 3 6.46% $13,374
    LIBERTY HOME MORTGAGE CORPORATION 3 7.00% $18,995
    MILEND, INC. 3 6.00% $17,426
    Lakeview Community Capital, LLC 3 5.58% $9,233
    ROYAL UNITED MORTGAGE LLC 3 6.63% $9,969
    FIRST ALLIANCE HOME MORTGAGE, LLC 2 6.19% $14,012
    AMCAP MORTGAGE, LTD. 2 6.50% $20,662
    RELIANCE FIRST CAPITAL, LLC 2 5.94% $17,899
    RESIDENTIAL BANCORP 2 6.00% $14,594
    ACADEMY MORTGAGE CORPORATION 2 7.13% $14,645
    Wells Fargo Bank 2 6.31% $11,786
    LAND HOME FINANCIAL SERVICES, INC. 2 7.13% $12,960
    RUOFF MORTGAGE COMPANY, INC. 2 6.00% $8,509
    Northpointe Bank 2 7.00% $13,319
    MICHIGAN MUTUAL, INC. 2 6.00% $12,129
    SOUTHERN TRUST MORTGAGE, LLC 2 6.38% $12,021
    CORNERSTONE HOME LENDING, INC. 2 6.75% $12,941
    SWBC MORTGAGE CORPORATION 2 6.88% $8,448
    1ST FINANCIAL, INC. 2 7.31% $17,488
    TD Bank 2 6.06% $10,487
    AmeriHome Mortgage Company, LLC 2 5.69% $11,811
    POINT Mortgage 2 7.19% $12,564
    Mortgage Assurance Inc. 2 6.00% $9,692
    TOTAL MORTGAGE SERVICES, LLC 2 6.25% $15,659
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.00% $15,996
    HOMESTEAD FUNDING CORP. 2 5.81% $7,637
    CONTOUR MORTGAGE CORPORATION 2 6.63% $11,389
    FIRST COMMUNITY MORTGAGE, INC. 2 6.94% $13,052
    U.S. Bank 2 6.13% $11,893
    US MORTGAGE CORPORATION 2 6.38% $14,881
    SPACE COAST Credit Union 1 6.75% $6,281
    Barrington Bank & Trust Company, N.A. 1 5.75% $8,455
    Strong Home Mortgage, LLC 1 6.63% $10,675
    BANKSOUTH MORTGAGE COMPANY, LLC 1 7.13% $12,241
    SUMMIT FUNDING, INC. 1 6.75% $18,561
    BancorpSouth 1 6.50% $7,936
    T2 FINANCIAL LLC 1 7.13% $6,600
    THE MORTGAGE LINK, INC. 1 6.13% $19,235
    American Security Mortgage Corp. 1 7.13% $8,900
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.13% $12,444
    TruHome Solutions, LLC 1 7.13% $8,351
    American Mortgage & Equity Consultants, Inc. 1 7.13% $16,503
    AMERICAN FINANCING CORPORATION 1 5.25% $19,039
    United Community Bank 1 6.13% $12,845
    AMERICAN BANCSHARES MORTGAGE 1 6.25% $14,316
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.25% $21,890
    ALLIED MORTGAGE GROUP, INC. 1 7.25% $15,576
    Alcova Mortgage LLC 1 5.75% $7,773
    ABSOLUTE HOME MORTGAGE CORPORATION 1 7.00% $16,973
    LADERA LENDING, INC. 1 5.63% $10,077
    Wyndham Capital Mortgage, Inc. 1 5.50% $10,478
    MEMBER FIRST MORTGAGE, LLC 1 6.50% $16,532
    INTELLILOAN, INC. 1 6.49% $6,258
    Mid-Continent Funding, Inc. 1 7.00% $8,921
    HUNT MORTGAGE CORPORATION 1 7.13% $8,735
    MJW Financial LLC 1 5.99% $22,184
    MLD MORTGAGE INC. 1 6.25% $5,231
    MORTGAGE INVESTORS GROUP, INC. 1 5.63% $13,350
    HOMESTAR FINANCIAL CORPORATION 1 7.00% $10,572
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.63% $9,407
    GERSHMAN INVESTMENT CORP. 1 6.50% $13,955
    Gateway First Bank 1 6.25% $12,939
    M&T Bank 1 6.63% $14,072
    GARDNER FINANCIAL SERVICES, LTD. 1 7.00% $10,857
    First Option Mortgage, LLC 1 7.50% $17,687
    NATIONS RELIABLE LENDING, LLC 1 6.88% $15,570
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.13% $17,061
    First Heritage Mortgage, LLC 1 5.25% $17,766
    NJ LENDERS CORP. 1 5.50% $10,012
    NP, Inc. 1 6.88% $20,632
    Fidelity Bank 1 6.13% $19,645
    OCEANSIDE MORTGAGE COMPANY 1 6.38% $12,930
    ENVOY MORTGAGE, LTD 1 6.63% $12,589
    PANORAMA MORTGAGE GROUP, LLC 1 7.00% $21,757
    ENDEAVOR CAPITAL, LLC. 1 6.63% $12,512
    DIRECT MORTGAGE LOANS, LLC 1 6.49% $9,392
    PINNACLE LENDING GROUP, INC. 1 6.63% $11,811
    DATA MORTGAGE, INC. 1 6.50% $12,779
    CRESCENT MORTGAGE COMPANY 1 5.88% $9,494
    PREMIA MORTGAGE, LLC 1 6.53% $9,435
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $9,660
    COMMUNITY CREDIT UNION OF FLORIDA 1 6.63% $6,431
    Commerce Home Mortgage, Inc. 1 7.13% $16,507
    Chickasaw Community Bank 1 6.50% $5,340
    CERTAINTY HOME LOANS, LLC 1 6.75% $9,863
    ROSS MORTGAGE CORPORATION 1 7.13% $10,123
    S1L, Inc. 1 6.25% $17,967
    Seacoast National Bank 1 7.63% $10,567
    SeaTrust Mortgage Company 1 6.25% $11,011
    ServisFirst Bank 1 6.00% $6,051
    Bell Bank 1 6.75% $5,904
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.63% $11,030
    BECKAM FUNDING CORP. 1 7.50% $14,862

    The top Deltona FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 474 FHA loans originated. Their average total fees are $13,318, which is $3,653 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Deltona FHA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($8,245), DHI MORTGAGE COMPANY, LTD. ($9,664), Regions Bank ($9,891), Ameris Bank ($10,365) and First Horizon Bank ($10,603).

    The lowest rate Deltona FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.33%), VELOCIO MORTGAGE L.L.C. (5.43%), EAGLE HOME MORTGAGE, LLC (5.51%), LOANPAL, LLC (5.58%) and NVR Mortgage Finance, Inc. (5.76%).

    Deltona FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL FLAGLER 2022 $420,680 $538,650 $651,050 $809,150
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL VOLUSIA 2022 $420,680 $538,650 $651,050 $809,150
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL FLAGLER 2023 $472,030 $604,400 $730,525 $907,900
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL VOLUSIA 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).