Gettysburg FHA Loan Rates, Closing Costs & Stats

GETTYSBURG, PA

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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.

    Gettysburg's 61 lenders originated 222 FHA loans during 2024. The total origination value was $57,100,000, with an average FHA loan value of $257,207.

    Gettysburg FHA Loans, 30 Year Fixed Rates

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

    Gettysburg's average FHA mortgage closing costs are $8,689.

    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 6.5%.

    The average rate one year ago was 6.86%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.12%.

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

    Gettysburg 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 Gettysburg level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 27 6.23% $13,501
    CROSSCOUNTRY MORTGAGE, LLC 19 6.79% $10,801
    UNITED WHOLESALE MORTGAGE, LLC 13 6.08% $15,088
    York Traditions Bank 8 5.81% $12,548
    PRIMARY RESIDENTIAL MORTGAGE, INC. 8 6.72% $11,416
    MOVEMENT MORTGAGE, LLC 8 6.66% $10,390
    CMG MORTGAGE, INC. 7 7.02% $10,464
    NEWREZ LLC 6 6.33% $13,549
    BAY CAPITAL MORTGAGE CORPORATION 6 6.35% $10,884
    Mr. Cooper ( Nationstar Mortgage ) 4 6.50% $20,320
    PENNYMAC LOAN SERVICES, LLC 4 5.72% $12,247
    FIRST HOME MORTGAGE CORPORATION 4 6.66% $15,558
    RADIUS FINANCIAL GROUP INC. 4 6.78% $9,953
    FREEDOM MORTGAGE CORPORATION 3 6.50% $9,753
    EMBRACE HOME LOANS, INC. 3 6.71% $13,917
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.75% $15,477
    Towne Bank 3 6.33% $11,187
    EMM LOANS LLC 3 6.08% $13,058
    LAKEVIEW LOAN SERVICING, LLC 3 6.66% $9,394
    BROKER SOLUTIONS, INC. 3 7.25% $12,276
    M&T Bank 3 6.21% $10,189
    Presidential Bank, FSB 2 6.19% $15,029
    NFM, INC. 2 6.81% $14,243
    GUILD MORTGAGE COMPANY 2 6.69% $10,389
    Meridian Bank Corporation 2 5.88% $8,484
    HOMESIDE FINANCIAL, LLC 2 6.37% $13,513
    THE MORTGAGE LINK, INC. 2 7.06% $18,780
    UNION HOME MORTGAGE CORP. 2 6.56% $11,951
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $7,707
    Prosperity Home Mortgage, LLC 1 7.38% $21,999
    ALLIED MORTGAGE GROUP, INC. 1 6.75% $10,070
    RUOFF MORTGAGE COMPANY, INC. 1 5.75% $11,994
    T2 FINANCIAL LLC 1 6.00% $8,405
    RELIANCE FIRST CAPITAL, LLC 1 6.13% $12,978
    AMERICAN FINANCING CORPORATION 1 5.50% $17,071
    Ameris Bank 1 6.25% $18,037
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $11,749
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $11,894
    CARDINAL FINANCIAL 1 5.63% $13,275
    Carrington Mortgage Services, LLC 1 7.13% $9,997
    Century Mortgage Company DBA Century Lending Company 1 5.99% $16,229
    DHI MORTGAGE COMPANY, LTD. 1 6.50% $13,315
    DIRECT MORTGAGE LOANS, LLC 1 5.99% $12,980
    EAGLE HOME MORTGAGE, LLC 1 6.75% $12,824
    Encompass Lending Group, LP 1 6.75% $10,900
    EVERETT FINANCIAL, INC. 1 7.13% $13,933
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $16,707
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.25% $15,816
    FIRST COMMUNITY MORTGAGE, INC. 1 6.49% $17,530
    First Heritage Mortgage, LLC 1 6.00% $13,529
    Fulton Bank 1 5.75% $7,888
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $10,135
    Integrity Home Mortgage Corp 1 5.63% $21,634
    LADERA LENDING, INC. 1 5.75% $13,843
    MEMBER FIRST MORTGAGE, LLC 1 6.38% $9,151
    MILLENNIUM FINANCIAL GROUP, INC. 1 6.75% $8,595
    NATIONS DIRECT MORTGAGE, LLC 1 5.75% $19,328
    PLANET HOME LENDING, LLC 1 6.75% $10,550
    PLAZA HOME MORTGAGE, INC. 1 6.49% $7,349
    PNC Bank 1 7.25% $11,747
    POLARIS HOME FUNDING CORP. 1 6.50% $9,583

    The top Gettysburg FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 27 FHA loans originated. Their average total fees are $13,501, which is $2,700 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Gettysburg FHA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($10,801), QUICKEN LOANS, LLC ($13,501), UNITED WHOLESALE MORTGAGE, LLC ($15,088), .

    The lowest rate Gettysburg FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.08%), QUICKEN LOANS, LLC (6.23%), CROSSCOUNTRY MORTGAGE, LLC (6.79%), .

    Gettysburg FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    GETTYSBURG, PA ADAMS 2022 $420,680 $538,650 $651,050 $809,150
    GETTYSBURG, PA ADAMS 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).