Flint FHA Loan Rates, Closing Costs & Stats

FLINT, MI

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.

Flint's 107 lenders originated 1,307 FHA loans during 2024. The total origination value was $244,395,000, with an average FHA loan value of $186,989.

Flint FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Flint averaged 0.21% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

Flint's average FHA mortgage closing costs are $6,585.

The average rate for the prior week (2025-06-27) was 6.6% and one month ago for the week of 2025-05-30, the average rate was 6.67%.

The average rate one year ago was 7.1%.

For refis of the same type during the week of 2025-07-04, the average rate was -0.2%.

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

Flint 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 Flint level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Preston Home Loans Inc 184 6.70% $7,985
QUICKEN LOANS, LLC 165 6.44% $9,297
UNITED WHOLESALE MORTGAGE, LLC 109 6.18% $10,753
J. VIRGIL, INC. 100 6.72% $7,975
BLG HOLDINGS, INC. 40 6.85% $9,573
DAS Acquisition Company, LLC 32 7.09% $8,199
MORTGAGE 1 INCORPORATED 27 6.74% $9,456
Dort Financial Credit Union 26 6.69% $4,948
Flagstar Bank, FSB 23 6.61% $6,946
BROKER SOLUTIONS, INC. 22 7.06% $9,200
ROSS MORTGAGE CORPORATION 19 6.63% $7,055
CROSSCOUNTRY MORTGAGE, LLC 18 6.72% $8,802
NEWREZ LLC 18 6.61% $7,833
INSPIRE HOME LOANS INC. 15 5.62% $10,680
PENNYMAC LOAN SERVICES, LLC 15 6.28% $8,244
Equity Prime Mortgage LLC 14 7.48% $8,961
The Huntington National Bank 14 6.78% $5,615
FREEDOM MORTGAGE CORPORATION 14 6.33% $10,292
SUCCESS MORTGAGE PARTNERS, INC. 13 6.74% $7,804
Mr. Cooper ( Nationstar Mortgage ) 12 6.65% $10,213
TOWNE MORTGAGE COMPANY 12 6.60% $7,722
First State Bank 12 6.86% $8,133
Prosperity Home Mortgage, LLC 11 6.02% $8,376
GUARANTEED RATE, INC. 11 6.73% $8,013
Carrington Mortgage Services, LLC 9 6.25% $11,379
STAUNTON FINANCIAL, INC. 9 6.49% $8,009
LOANPAL, LLC 9 5.90% $11,388
MICHIGAN MUTUAL, INC. 9 6.92% $8,614
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 9 6.75% $9,343
GUILD MORTGAGE COMPANY 9 6.80% $9,334
UNION HOME MORTGAGE CORP. 8 6.94% $10,426
VILLAGE CAPITAL MORTGAGE 7 6.71% $5,776
PLANET HOME LENDING, LLC 7 6.20% $5,720
AMERICAN FINANCIAL NETWORK, INC. 7 6.95% $11,559
PLAZA HOME MORTGAGE, INC. 7 6.93% $7,041
CALCON MUTUAL MORTGAGE LLC 7 6.45% $8,513
MOVEMENT MORTGAGE, LLC 7 6.84% $7,804
MUTUAL OF OMAHA MORTGAGE, INC. 6 6.73% $10,192
LAKE MICHIGAN CREDIT UNION 6 6.46% $6,709
LOANDEPOT.COM, LLC 6 5.93% $11,083
MID AMERICA MORTGAGE, INC. 6 7.42% $5,840
ZILLOW HOME LOANS, LLC 4 6.84% $7,774
AMERICAN FINANCIAL RESOURCES, INC. 4 7.09% $7,345
AMERICAN FINANCING CORPORATION 4 6.03% $12,128
AMERISAVE MORTGAGE CORPORATION 4 6.25% $9,809
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.25% $5,889
FIRST COMMUNITY MORTGAGE, INC. 4 6.72% $6,785
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 6.91% $7,829
LAKEVIEW LOAN SERVICING, LLC 4 6.59% $8,030
The Dart Bank 4 6.63% $8,092
MYCUMORTGAGE, LLC 3 7.21% $6,420
MICHIGAN FIRST CREDIT UNION 3 7.17% $7,283
HOMESIDE FINANCIAL, LLC 3 7.04% $9,698
FINANCIAL PLUS CREDIT UNION 3 6.08% $8,117
RUOFF MORTGAGE COMPANY, INC. 3 6.88% $5,949
SOUTHWEST FUNDING, LP 3 7.75% $5,844
Mortgage Research Center, LLC 3 6.42% $7,740
Plains Commerce Bank 3 6.25% $5,499
First Merchants Bank 2 6.25% $11,227
THE MORTGAGE LINK, INC. 2 6.63% $10,210
AmeriHome Mortgage Company, LLC 2 6.43% $8,496
U.S. Bank 2 6.06% $6,492
VAN DYK MORTGAGE CORPORATION 2 6.69% $8,777
PREMIA MORTGAGE, LLC 2 6.56% $6,104
CMG MORTGAGE, INC. 2 6.31% $16,847
DELMAR FINANCIAL COMPANY 2 6.69% $5,934
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.75% $13,838
ROYAL UNITED MORTGAGE LLC 2 7.31% $7,197
CARDINAL FINANCIAL 2 6.63% $8,218
Mercantile Bank of Michigan 2 6.19% $7,217
OCMBC, INC. 2 6.69% $6,820
Paramount Residential Mortgage Group, Inc. 2 6.50% $11,688
EVERETT FINANCIAL, INC. 2 6.63% $12,471
BM Real Estate Services, Inc. 1 5.50% $8,055
Sunflower Bank 1 6.63% $6,424
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.25% $9,094
BETTER MORTGAGE CORPORATION 1 6.00% $9,992
The Loan Store, Inc. 1 6.99% $5,684
TOP FLITE FINANCIAL, INC. 1 7.25% $16,090
Barrington Bank & Trust Company, N.A. 1 5.75% $5,490
Bank of England 1 5.75% $11,238
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $5,861
JPMorgan Chase Bank 1 6.25% $4,673
LIBERTY HOME MORTGAGE CORPORATION 1 6.25% $10,875
V.I.P. MORTGAGE, INC. 1 6.75% $7,586
JMAC LENDING, INC. 1 5.75% $11,790
Independent Bank 1 6.87% $5,667
HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.75% $10,238
MICHIGAN SCHOOLS AND GOVERNMENT 1 5.88% $8,028
MILEND, INC. 1 6.25% $13,694
MORTGAGE CENTER L.C 1 6.38% $9,153
FIRST COLONY MORTGAGE CORPORATION 1 5.50% $8,939
M&T Bank 1 7.50% $5,290
FBC MORTGAGE, LLC 1 6.63% $11,739
NATIONS DIRECT MORTGAGE, LLC 1 7.25% $9,403
Nations Lending Corporation 1 6.25% $14,437
NBKC BANK 1 6.00% $8,793
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.38% $10,363
NFM, INC. 1 7.63% $10,288
Northpointe Bank 1 5.63% $14,404
PHH Mortgage Corporation 1 6.13% $5,247
EQUITY RESOURCES, INC. 1 6.63% $6,029
EMM LOANS LLC 1 5.75% $20,973
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.99% $5,138
Citizens Bank 1 5.75% $11,639
CHURCHILL MORTGAGE CORPORATION 1 5.75% $18,308
STOCKTON MORTGAGE CORPORATION 1 7.75% $7,607

The top Flint FHA lender as defined by loan originations is Preston Home Loans Inc, with 184 FHA loans originated. Their average total fees are $7,985, which is $1,312 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Flint FHA lenders (with over 10 loans originated) are Dort Financial Credit Union ($4,948), The Huntington National Bank ($5,615), Flagstar Bank, FSB ($6,946), ROSS MORTGAGE CORPORATION ($7,055) and TOWNE MORTGAGE COMPANY ($7,722).

The lowest rate Flint FHA lenders (with over 10 loans originated) are INSPIRE HOME LOANS INC. (5.62%), Prosperity Home Mortgage, LLC (6.02%), UNITED WHOLESALE MORTGAGE, LLC (6.18%), PENNYMAC LOAN SERVICES, LLC (6.28%) and FREEDOM MORTGAGE CORPORATION (6.33%).

Flint FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
FLINT, MI GENESEE 2022 $420,680 $538,650 $651,050 $809,150
FLINT, MI GENESEE 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).