Findlay FHA Loan Rates, Closing Costs & Stats

Findlay, OH

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.

Findlay's 38 lenders originated 231 FHA loans during 2022. The total origination value was $39,955,000, with an average FHA loan value of $172,965.

Findlay FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Findlay averaged 6.34% for the week of 2024-02-16, compared to the national average (all FHA variants) of 6.611% for the same period.

Findlay's average FHA mortgage closing costs are $6,447.

The average rate for the prior week (2024-02-09) was 6.35% and one month ago for the week of 2024-01-12, the average rate was 6.29%.

The average rate one year ago was 5.94%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.55%.

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

Findlay 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 Findlay level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
LOANDEPOT.COM, LLC 110 5.20% $7,257
QUICKEN LOANS, LLC 18 4.68% $8,482
UNION HOME MORTGAGE CORP. 10 5.64% $8,092
The Huntington National Bank 10 4.90% $6,850
POLARIS HOME FUNDING CORP. 6 4.94% $11,450
BROKER SOLUTIONS, INC. 5 5.48% $9,182
Mortgage Research Center, LLC 4 5.53% $5,873
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.13% $7,651
First Federal Bank of the Midwest 4 5.03% $9,937
Flagstar Bank, FSB 4 4.47% $7,491
Servion, Inc. 4 5.53% $6,760
CROSSCOUNTRY MORTGAGE, LLC 3 5.37% $10,520
Blue Ridge Bank 3 4.50% $6,686
PENNYMAC LOAN SERVICES, LLC 2 3.81% $4,129
MYCUMORTGAGE, LLC 2 5.00% $5,531
AMERISAVE MORTGAGE CORPORATION 2 4.69% $13,853
Hometown Lenders, Inc. 2 4.19% $8,595
CARDINAL FINANCIAL 2 4.25% $9,549
KeyBank 2 4.63% $5,930
Carrington Mortgage Services, LLC 2 6.00% $11,978
Mr. Cooper ( Nationstar Mortgage ) 2 3.88% $5,819
The Union Bank Company 2 5.06% $6,123
Wells Fargo Bank 1 5.25% $9,681
ARC HOME LLC 1 3.25% $9,611
BEST CAPITAL FUNDING 1 5.75% $7,446
CALIBER HOME LOANS, INC. 1 4.75% $9,071
Fifth Third Bank 1 6.50% $4,724
GUARANTEED RATE, INC. 1 7.00% $10,911
HOME POINT FINANCIAL CORPORATION 1 3.50% $9,040
JPMorgan Chase Bank 1 5.49% $2,752
MORIA DEVELOPMENT, INC. 1 6.00% $8,558
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.75% $10,584
Nations Lending Corporation 1 7.75% $4,157
PHH Mortgage Corporation 1 3.88% $5,357
PNC Bank 1 5.38% $7,567
SECURITYNATIONAL MORTGAGE COMPANY 1 7.25% $9,733
UNITED WHOLESALE MORTGAGE, LLC 1 5.47% $10,341
AMERICAN FINANCING CORPORATION 1 3.75% $8,128

The top Findlay FHA lender as defined by loan originations is LOANDEPOT.COM, LLC, with 110 FHA loans originated. Their average total fees are $7,257, which is $1,225 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Findlay FHA lenders (with over 10 loans originated) are The Huntington National Bank ($6,850), LOANDEPOT.COM, LLC ($7,257), UNION HOME MORTGAGE CORP. ($8,092), QUICKEN LOANS, LLC ($8,482) and .

The lowest rate Findlay FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.68%), The Huntington National Bank (4.90%), LOANDEPOT.COM, LLC (5.20%), UNION HOME MORTGAGE CORP. (5.64%) and .

Findlay FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
FINDLAY, OH HANCOCK 2022 $420,680 $538,650 $651,050 $809,150
FINDLAY, OH HANCOCK 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Findlay (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 $179,900 (20.0%) $243,234 (18.7%) 0.00 195
2018-02-01 $169,600 (0.4%) $241,873 (9.8%) 0.00 194
2018-03-01 $179,900 (4.9%) $242,514 (6.4%) 0.00 191
2018-04-01 $194,350 (8.0%) $253,523 (10.7%) 0.00 191
2018-05-01 $192,725 (15.2%) $255,756 (19.6%) 0.00 195
2018-06-01 $189,900 (16.4%) $247,975 (19.3%) 0.00 223
2018-07-01 $189,900 (11.9%) $248,704 (14.9%) 0.00 233
2018-08-01 $182,400 (7.4%) $239,584 (6.2%) 0.00 235
2018-09-01 $179,900 (8.1%) $241,138 (8.1%) 0.00 237
2018-10-01 $186,175 (10.2%) $244,212 (8.3%) 0.00 219
2018-11-01 $186,565 (9.8%) $243,234 (0.8%) 0.00 215
2018-12-01 $192,900 (7.2%) $252,069 (3.8%) 0.00 180
2019-01-01 $191,200 (6.3%) $250,416 (3.0%) 0.00 177
2019-02-01 $183,400 (8.1%) $249,535 (3.2%) 0.00 177
2019-03-01 $201,329 (11.9%) $262,769 (8.4%) 0.00 168
2019-04-01 $229,550 (18.1%) $274,118 (8.1%) 0.00 173
2019-05-01 $239,575 (24.3%) $275,554 (7.7%) 0.00 164
2019-06-01 $221,900 (16.9%) $266,630 (7.5%) 0.00 186
2019-07-01 $204,925 (7.9%) $262,000 (5.4%) 0.00 198
2019-08-01 $204,518 (12.1%) $258,375 (7.8%) 0.00 202
2019-09-01 $203,945 (13.4%) $256,838 (6.5%) 0.00 198
2019-10-01 $203,500 (9.3%) $256,602 (5.1%) 0.00 195
2019-11-01 $194,900 (4.5%) $246,543 (1.4%) 0.00 168
2019-12-01 $189,850 (-1.6%) $248,804 (-1.3%) 0.00 143
2020-01-01 $199,500 (4.3%) $259,605 (3.7%) 0.00 124
2020-02-01 $204,875 (11.7%) $289,771 (16.1%) 0.00 97
2020-03-01 $214,900 (6.7%) $289,619 (10.2%) 0.00 113
2020-04-01 $203,375 (-11.4%) $287,025 (4.7%) 0.00 110
2020-05-01 $197,900 (-17.4%) $280,875 (1.9%) 0.00 121
2020-06-01 $262,450 (18.3%) $320,844 (20.3%) 0.00 113
2020-07-01 $254,450 (24.2%) $316,387 (20.8%) 0.00 138
2020-08-01 $229,900 (12.4%) $306,556 (18.7%) 0.00 133
2020-09-01 $227,450 (11.5%) $312,289 (21.6%) 0.00 129
2020-10-01 $209,900 (3.1%) $277,752 (8.2%) 0.00 152
2020-11-01 $199,200 (2.2%) $277,557 (12.6%) 0.00 151
2020-12-01 $192,900 (1.6%) $275,059 (10.6%) 0.00 136
2021-01-01 $204,400 (2.5%) $269,601 (3.9%) 0.00 116
2021-02-01 $209,900 (2.5%) $292,236 (0.9%) 0.00 88
2021-03-01 $244,950 (14.0%) $333,113 (15.0%) 0.00 72
2021-04-01 $261,175 (28.4%) $342,572 (19.4%) 0.00 72
2021-05-01 $253,950 (28.3%) $346,661 (23.4%) 0.00 80
2021-06-01 $260,775 (-0.6%) $360,193 (12.3%) 0.00 89
2021-07-01 $247,500 (-2.7%) $326,626 (3.2%) 0.00 113
2021-08-01 $224,900 (-2.2%) $306,429 (0.0%) 0.00 137
2021-09-01 $221,200 (-2.8%) $302,431 (-3.2%) 0.00 145
2021-10-01 $216,300 (3.1%) $284,144 (2.3%) 0.00 135
2021-11-01 $223,350 (12.1%) $267,964 (-3.5%) 0.00 134
2021-12-01 $207,000 (7.3%) $246,442 (-10.4%) 0.00 104
2022-01-01 $218,350 (6.8%) $261,037 (-3.2%) 0.00 67
2022-02-01 $213,450 (1.7%) $286,331 (-2.0%) 0.00 62
2022-03-01 $214,900 (-12.3%) $294,059 (-11.7%) 0.00 49
2022-04-01 $259,900 (-0.5%) $319,108 (-6.9%) 0.00 48
2022-05-01 $258,425 (1.8%) $310,428 (-10.5%) 0.00 60
2022-06-01 $249,900 (-4.2%) $300,027 (-16.7%) 0.00 94
2022-07-01 $254,950 (3.0%) $302,446 (-7.4%) 0.00 107
2022-08-01 $247,175 (9.9%) $292,340 (-4.6%) 0.00 111
2022-09-01 $234,500 (6.0%) $293,024 (-3.1%) 0.00 118
2022-10-01 $237,400 (9.8%) $294,506 (3.7%) 0.00 111
2022-11-01 $230,000 (3.0%) $295,645 (10.3%) 0.00 112
2022-12-01 $229,900 (11.1%) $272,922 (10.8%) 0.00 101
2023-01-01 $221,000 (1.2%) $277,568 (6.3%) 0.00 92
2023-02-01 $209,900 (-1.7%) $290,038 (1.3%) 0.00 74
2023-03-01 $217,400 (1.2%) $305,159 (3.8%) 0.00 70
2023-04-01 $238,950 (-8.1%) $331,287 (3.8%) 0.00 72
2023-05-01 $242,175 (-6.3%) $343,118 (10.5%) 0.00 75
2023-06-01 $254,900 (2.0%) $354,367 (18.1%) 0.00 95
2023-07-01 $282,450 (10.8%) $359,885 (19.0%) 0.00 97
2023-08-01 $267,475 (8.2%) $358,211 (22.5%) 0.00 117
2023-09-01 $261,450 (11.5%) $344,396 (17.5%) 0.00 127
2023-10-01 $255,675 (7.7%) $326,978 (11.0%) 0.00 126
2023-11-01 $249,450 (8.5%) $324,312 (9.7%) 0.00 110
2023-12-01 $239,900 (4.4%) $297,874 (9.1%) 0.00 92
Findlay's median listing price for 2023-12-01 was $239,900, a difference of $10,000 (4.4%) versus the prior year and $-9,550 versus the prior month.

Findlay's median listing price comes in at 0% of the national average.

Findlay's average listing price for 2023-12-01 was $297,874, a difference of $24,952 (9.1%) versus the prior year and $-26,438 versus the prior month.

For the 2023-12-01 period, Findlay had 92 MLS listings, a difference of -18 listings (-16%) versus the prior month and -9 listings (-9%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Findlay (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,796 sqft
2018-02-01 0 days 1,777 sqft
2018-03-01 0 days 1,851 sqft
2018-04-01 0 days 1,896 sqft
2018-05-01 0 days 1,938 sqft
2018-06-01 0 days 1,902 sqft
2018-07-01 0 days 1,885 sqft
2018-08-01 0 days 1,894 sqft
2018-09-01 0 days 1,883 sqft
2018-10-01 0 days 1,862 sqft
2018-11-01 0 days 1,883 sqft
2018-12-01 0 days 1,868 sqft
2019-01-01 0 days 1,861 sqft
2019-02-01 0 days 1,823 sqft
2019-03-01 0 days 1,926 sqft
2019-04-01 0 days 2,012 sqft
2019-05-01 0 days 2,059 sqft
2019-06-01 0 days 1,994 sqft
2019-07-01 0 days 1,917 sqft
2019-08-01 0 days 1,907 sqft
2019-09-01 0 days 1,902 sqft
2019-10-01 0 days 1,933 sqft
2019-11-01 0 days 1,909 sqft
2019-12-01 0 days 1,909 sqft
2020-01-01 0 days 1,918 sqft
2020-02-01 0 days 1,892 sqft
2020-03-01 0 days 1,909 sqft
2020-04-01 0 days 1,907 sqft
2020-05-01 0 days 1,906 sqft
2020-06-01 0 days 2,124 sqft
2020-07-01 0 days 2,068 sqft
2020-08-01 0 days 1,968 sqft
2020-09-01 0 days 2,044 sqft
2020-10-01 0 days 1,948 sqft
2020-11-01 0 days 1,842 sqft
2020-12-01 0 days 1,929 sqft
2021-01-01 0 days 1,922 sqft
2021-02-01 0 days 1,918 sqft
2021-03-01 0 days 2,035 sqft
2021-04-01 0 days 2,128 sqft
2021-05-01 0 days 1,994 sqft
2021-06-01 0 days 1,963 sqft
2021-07-01 0 days 1,802 sqft
2021-08-01 0 days 1,776 sqft
2021-09-01 0 days 1,876 sqft
2021-10-01 0 days 1,814 sqft
2021-11-01 0 days 1,766 sqft
2021-12-01 0 days 1,749 sqft
2022-01-01 0 days 1,756 sqft
2022-02-01 0 days 1,739 sqft
2022-03-01 0 days 1,817 sqft
2022-04-01 0 days 1,780 sqft
2022-05-01 0 days 1,785 sqft
2022-06-01 0 days 1,790 sqft
2022-07-01 0 days 1,832 sqft
2022-08-01 0 days 1,776 sqft
2022-09-01 0 days 1,798 sqft
2022-10-01 0 days 1,804 sqft
2022-11-01 0 days 1,756 sqft
2022-12-01 0 days 1,750 sqft
2023-01-01 0 days 1,695 sqft
2023-02-01 0 days 1,768 sqft
2023-03-01 0 days 1,724 sqft
2023-04-01 0 days 1,764 sqft
2023-05-01 0 days 1,764 sqft
2023-06-01 0 days 1,864 sqft
2023-07-01 0 days 1,920 sqft
2023-08-01 0 days 1,889 sqft
2023-09-01 0 days 1,877 sqft
2023-10-01 0 days 1,834 sqft
2023-11-01 0 days 1,826 sqft
2023-12-01 0 days 1,827 sqft
Findlay's median listing age (time on market) for 2023-12-01 was 0 days.

Findlay's median square footage for active listings during the 2023-12-01 period was 1,827 sqft. One year prior, the average listing was 1,750 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).