Huntington FHA Loans

HUNTINGTON-ASHLAND, WV-KY-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.

Huntington's 87 lenders originated 1,338 FHA loans during 2021. The total origination value was $193,400,000, with an average FHA loan value of $144,544.

Huntington FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Huntington averaged 5.41% for the week of 2022-05-13, compared to the national average (all FHA variants) of 5.361% for the same period.

The average rate for the prior week (2022-05-06) was 5.34% and one month ago for the week of 2022-04-08, the average rate was 4.8%.

The average rate one year ago was 3.41%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.2%.

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

Huntington FHA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Huntington level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
MOVEMENT MORTGAGE, LLC 183 3.29% $6,198
QUICKEN LOANS, LLC 173 2.79% $5,384
First Option Mortgage, LLC 126 3.25% $5,952
PRIMELENDING, A PLAINSCAPITAL COMPANY 66 3.68% $6,276
Hometown Lenders, Inc. 59 3.54% $6,890
LOANDEPOT.COM, LLC 58 3.53% $7,023
CALIBER HOME LOANS, INC. 46 3.33% $5,278
LAKEVIEW LOAN SERVICING, LLC 37 3.03% $4,173
Gateway First Bank 34 3.38% $4,430
Victorian Finance, LLC 31 3.03% $5,928
STOCKTON MORTGAGE CORPORATION 29 3.47% $5,730
Mr. Cooper ( Nationstar Mortgage ) 22 3.70% $2,935
MYCUMORTGAGE, LLC 22 2.82% $5,283
FREEDOM MORTGAGE CORPORATION 21 3.10% $3,575
Carrington Mortgage Services, LLC 17 3.96% $6,143
MID AMERICA MORTGAGE, INC. 16 3.17% $2,836
The Huntington National Bank 15 3.13% $5,379
AMERICAN MORTGAGE SERVICE COMPANY 15 3.19% $5,120
VILLAGE CAPITAL & INVESTMENT LLC 14 2.91% $1,972
U.S. Bank 13 2.97% $5,646
WesBanco Bank, Inc. 13 2.88% $5,554
BAYSHORE MORTGAGE FUNDING, LLC 12 3.99% $6,934
CROSSCOUNTRY MORTGAGE, LLC 11 3.29% $9,011
PENNYMAC LOAN SERVICES, LLC 9 3.34% $4,324
AMERISAVE MORTGAGE CORPORATION 9 3.18% $6,132
UNION HOME MORTGAGE CORP. 8 2.98% $5,714
BROKER SOLUTIONS, INC. 7 3.30% $6,388
NEWREZ LLC 7 3.18% $4,539
AMERICAN FINANCIAL RESOURCES, INC. 5 3.28% $8,779
UNITED WHOLESALE MORTGAGE, LLC 5 2.66% $9,250
GUARANTEED RATE, INC. 4 3.41% $5,572
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 2.38% $4,488
MORTGAGE SUPPLIERS, INC. 4 3.16% $3,898
SIWELL, INC. 4 3.66% $8,235
PLANET HOME LENDING, LLC 3 3.04% $4,962
AmeriHome Mortgage Company, LLC 3 3.29% $2,862
GoPrime Mortgage, Inc. 3 4.04% $8,256
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.50% $5,510
FINANCE OF AMERICA MORTGAGE LLC 3 3.63% $5,993
Truist Bank 3 3.09% $5,032
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.38% $7,010
EQUITY RESOURCES, INC. 2 2.50% $6,349
AMERIFIRST FINANCIAL CORPORATION 2 4.19% $6,703
Bank of England 2 3.13% $9,697
Barrington Bank & Trust Company, N.A. 2 3.69% $4,813
BETTER MORTGAGE CORPORATION 2 3.13% $5,594
CHURCHILL MORTGAGE CORPORATION 2 2.94% $6,204
DAS Acquisition Company, LLC 2 3.31% $5,286
AMERICAN FINANCIAL NETWORK, INC. 2 3.13% $6,289
First Guaranty Mortgage Corporation 2 3.00% $4,897
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 2.87% $7,469
HOMESIDE FINANCIAL, LLC 2 2.94% $6,965
HOMESPIRE MORTGAGE CORPORATION 2 3.38% $5,952
INTERCOASTAL MORTGAGE COMPANY 2 3.13% $4,174
JPMorgan Chase Bank 2 2.99% $3,283
Nations Lending Corporation 2 3.88% $8,450
PHH Mortgage Corporation 2 3.63% $3,548
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 4.13% $6,853
Stock Yards Bank & Trust Company 2 2.81% $4,114
T2 FINANCIAL LLC 2 3.69% $7,566
VANDERBILT MORTGAGE AND FINANCE, INC. 2 3.00% $10,525
Plains Commerce Bank 1 2.63% $6,635
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.75% $6,516
POLARIS HOME FUNDING CORP. 1 3.25% $5,589
Equity Prime Mortgage LLC 1 4.25% $4,361
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $6,363
MORTGAGE INVESTORS GROUP, INC. 1 2.75% $7,874
Renasant Bank 1 2.63% $8,272
RUOFF MORTGAGE COMPANY, INC. 1 3.38% $9,166
MORIA DEVELOPMENT, INC. 1 4.25% $4,778
SOUTHWEST STAGE FUNDING, LLC 1 3.25% $3,437
MLD MORTGAGE INC. 1 2.88% $6,073
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.25% $5,656
AMERICAN FINANCING CORPORATION 1 3.50% $6,063
The Federal Savings Bank 1 2.38% $12,162
MICHIGAN MUTUAL, INC. 1 2.75% $5,853
The Union Bank Company 1 2.88% $9,412
MEMBER FIRST MORTGAGE, LLC 1 2.75% $5,432
MCLEAN MORTGAGE CORPORATION 1 2.38% $5,229
Kentucky Bank 1 3.25% $6,244
Fifth Third Bank 1 2.88% $8,264
US MORTGAGE CORPORATION 1 3.75% $8,535
OCEANSIDE MORTGAGE COMPANY 1 2.49% $1,909
Paramount Residential Mortgage Group, Inc. 1 2.99% $8,299
NATIONS RELIABLE LENDING, LLC 1 3.25% $8,163
Peoples Bank 1 3.25% $6,460
ZILLOW HOME LOANS, LLC 1 3.00% $6,296

The top Huntington FHA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 183 FHA loans originated. Their average total fees are $6,198, which is $814 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Huntington FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($1,972), MID AMERICA MORTGAGE, INC. ($2,836), Mr. Cooper ( Nationstar Mortgage ) ($2,935), FREEDOM MORTGAGE CORPORATION ($3,575) and LAKEVIEW LOAN SERVICING, LLC ($4,173).

The lowest rate Huntington FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.79%), MYCUMORTGAGE, LLC (2.82%), WesBanco Bank, Inc. (2.88%), VILLAGE CAPITAL & INVESTMENT LLC (2.91%) and U.S. Bank (2.97%).

Huntington FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
HUNTINGTON-ASHLAND, WV-KY-OH BOYD 2022 $420,680 $538,650 $651,050 $809,150
HUNTINGTON-ASHLAND, WV-KY-OH CARTER 2022 $420,680 $538,650 $651,050 $809,150
HUNTINGTON-ASHLAND, WV-KY-OH GREENUP 2022 $420,680 $538,650 $651,050 $809,150
HUNTINGTON-ASHLAND, WV-KY-OH LAWRENCE 2022 $420,680 $538,650 $651,050 $809,150
HUNTINGTON-ASHLAND, WV-KY-OH CABELL 2022 $420,680 $538,650 $651,050 $809,150
HUNTINGTON-ASHLAND, WV-KY-OH PUTNAM 2022 $420,680 $538,650 $651,050 $809,150
HUNTINGTON-ASHLAND, WV-KY-OH WAYNE 2022 $420,680 $538,650 $651,050 $809,150

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Huntington (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 $141,950 (1.5%) $197,305 (4.2%) 0.52 1,741
2018-02-01 $144,950 (4.3%) $202,568 (7.7%) 0.52 1,722
2018-03-01 $149,000 (6.5%) $205,113 (8.3%) 0.52 1,727
2018-04-01 $149,450 (5.3%) $203,794 (4.6%) 0.50 1,743
2018-05-01 $149,900 (3.6%) $207,054 (5.0%) 0.50 1,770
2018-06-01 $154,900 (4.0%) $207,210 (3.9%) 0.52 1,853
2018-07-01 $159,350 (10.0%) $209,011 (5.1%) 0.53 1,903
2018-08-01 $154,950 (4.0%) $208,153 (5.8%) 0.52 1,931
2018-09-01 $155,000 (6.9%) $206,107 (5.8%) 0.52 1,907
2018-10-01 $153,450 (7.4%) $201,921 (3.6%) 0.51 1,863
2018-11-01 $149,975 (7.2%) $197,955 (1.4%) 0.50 1,861
2018-12-01 $149,000 (6.4%) $196,769 (0.3%) 0.51 1,806
2019-01-01 $145,000 (2.2%) $194,235 (-1.6%) 0.50 1,696
2019-02-01 $144,400 (-0.4%) $193,579 (-4.4%) 0.48 1,670
2019-03-01 $143,471 (-3.7%) $196,203 (-4.3%) 0.47 1,683
2019-04-01 $143,971 (-3.7%) $199,994 (-1.9%) 0.45 1,672
2019-05-01 $148,000 (-1.3%) $204,650 (-1.2%) 0.46 1,637
2019-06-01 $149,900 (-3.2%) $203,587 (-1.8%) 0.46 1,650
2019-07-01 $149,900 (-5.9%) $199,814 (-4.4%) 0.47 1,678
2019-08-01 $149,900 (-3.3%) $201,524 (-3.2%) 0.47 1,734
2019-09-01 $149,900 (-3.3%) $202,903 (-1.6%) 0.48 1,759
2019-10-01 $147,000 (-4.2%) $200,684 (-0.6%) 0.47 1,724
2019-11-01 $142,500 (-5.0%) $203,560 (2.8%) 0.46 1,660
2019-12-01 $139,900 (-6.1%) $200,507 (1.9%) 0.47 1,605
2020-01-01 $138,500 (-4.5%) $199,326 (2.6%) 0.46 1,502
2020-02-01 $139,900 (-3.1%) $200,925 (3.8%) 0.45 1,460
2020-03-01 $134,950 (-5.9%) $197,015 (0.4%) 0.42 1,378
2020-04-01 $135,000 (-6.2%) $199,259 (-0.4%) 0.42 1,326
2020-05-01 $135,000 (-8.8%) $199,976 (-2.3%) 0.41 1,208
2020-06-01 $152,200 (1.5%) $217,266 (6.7%) 0.44 1,063
2020-07-01 $154,950 (3.4%) $214,546 (7.4%) 0.44 1,028
2020-08-01 $149,900 (0.0%) $215,799 (7.1%) 0.43 902
2020-09-01 $150,000 (0.1%) $218,371 (7.6%) 0.43 850
2020-10-01 $149,900 (2.0%) $214,814 (7.0%) 0.43 839
2020-11-01 $143,700 (0.8%) $205,487 (1.0%) 0.41 796
2020-12-01 $139,900 (0.0%) $198,934 (-0.8%) 0.41 763
2021-01-01 $136,000 (-1.8%) $193,134 (-3.1%) 0.40 712
2021-02-01 $129,450 (-7.5%) $185,600 (-7.6%) 0.37 635
2021-03-01 $125,000 (-7.4%) $189,346 (-3.9%) 0.35 589
2021-04-01 $118,750 (-12.0%) $190,197 (-4.6%) 0.32 555
2021-05-01 $124,900 (-7.5%) $198,619 (-0.7%) 0.33 538
2021-06-01 $134,000 (-12.0%) $208,609 (-4.0%) 0.35 492
2021-07-01 $144,700 (-6.6%) $221,158 (3.1%) 0.38 527
2021-08-01 $150,000 (0.1%) $220,075 (2.0%) 0.39 585
2021-09-01 $152,450 (1.6%) $222,587 (1.9%) 0.40 582
2021-10-01 $149,900 (0.0%) $217,933 (1.5%) 0.39 634
2021-11-01 $152,200 (5.9%) $217,701 (5.9%) 0.40 644
2021-12-01 $152,450 (9.0%) $219,733 (10.5%) 0.41 606
2022-01-01 $145,000 (6.6%) $215,647 (11.7%) 0.39 529
2022-02-01 $139,950 (8.1%) $217,410 (17.1%) 0.36 455
2022-03-01 $149,900 (19.9%) $242,565 (28.1%) 0.37 416
2022-04-01 $164,900 (38.9%) $274,307 (44.2%) 0.39 395
Huntington's median listing price for 2022-04-01 was $164,900, a difference of $46,150 (38.9%) versus the prior year and $15,000 versus the prior month.

Huntington's median listing price comes in at 39% of the national average.

Huntington's average listing price for 2022-04-01 was $274,307, a difference of $84,110 (44.2%) versus the prior year and $31,742 versus the prior month.

For the 2022-04-01 period, Huntington had 395 MLS listings, a difference of -21 listings (-5%) versus the prior month and -160 listings (-29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Huntington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 117 days 1,796 sqft
2018-02-01 113 days 1,800 sqft
2018-03-01 101 days 1,800 sqft
2018-04-01 86 days 1,806 sqft
2018-05-01 84 days 1,834 sqft
2018-06-01 88 days 1,868 sqft
2018-07-01 88 days 1,865 sqft
2018-08-01 86 days 1,874 sqft
2018-09-01 86 days 1,880 sqft
2018-10-01 93 days 1,878 sqft
2018-11-01 98 days 1,857 sqft
2018-12-01 103 days 1,852 sqft
2019-01-01 114 days 1,845 sqft
2019-02-01 111 days 1,800 sqft
2019-03-01 105 days 1,797 sqft
2019-04-01 87 days 1,797 sqft
2019-05-01 83 days 1,801 sqft
2019-06-01 80 days 1,812 sqft
2019-07-01 85 days 1,822 sqft
2019-08-01 84 days 1,821 sqft
2019-09-01 82 days 1,822 sqft
2019-10-01 86 days 1,804 sqft
2019-11-01 91 days 1,788 sqft
2019-12-01 103 days 1,776 sqft
2020-01-01 114 days 1,764 sqft
2020-02-01 109 days 1,768 sqft
2020-03-01 102 days 1,740 sqft
2020-04-01 95 days 1,736 sqft
2020-05-01 98 days 1,764 sqft
2020-06-01 95 days 1,902 sqft
2020-07-01 77 days 1,904 sqft
2020-08-01 80 days 1,872 sqft
2020-09-01 77 days 1,898 sqft
2020-10-01 72 days 1,900 sqft
2020-11-01 72 days 1,831 sqft
2020-12-01 80 days 1,767 sqft
2021-01-01 91 days 1,728 sqft
2021-02-01 95 days 1,616 sqft
2021-03-01 83 days 1,596 sqft
2021-04-01 72 days 1,592 sqft
2021-05-01 49 days 1,620 sqft
2021-06-01 55 days 1,711 sqft
2021-07-01 57 days 1,714 sqft
2021-08-01 45 days 1,714 sqft
2021-09-01 53 days 1,733 sqft
2021-10-01 53 days 1,673 sqft
2021-11-01 56 days 1,652 sqft
2021-12-01 65 days 1,651 sqft
2022-01-01 79 days 1,620 sqft
2022-02-01 84 days 1,608 sqft
2022-03-01 66 days 1,729 sqft
2022-04-01 52 days 1,817 sqft
Huntington's median listing age (time on market) for 2022-04-01 was 52 days. This is -28% shorter than the same period one year ago.

Huntington's median square footage for active listings during the 2022-04-01 period was 1,817 sqft. One year prior, the average listing was 1,592 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).