Huntington FHA Loan Rates, Closing Costs & Stats

HUNTINGTON-ASHLAND, WV-KY-OH

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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.

    Huntington's 88 lenders originated 869 FHA loans during 2023. The total origination value was $137,045,000, with an average FHA loan value of $157,704.

    Huntington FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Huntington averaged -0.15% for the week of 2024-11-15, compared to the national average (all FHA variants) of 0% for the same period.

    Huntington's average FHA mortgage closing costs are $6,189.

    The average rate for the prior week (2024-11-08) was 6.16% and one month ago for the week of 2024-10-11, the average rate was 5.86%.

    The average rate one year ago was 7.01%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.26%.

    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/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Huntington level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MOVEMENT MORTGAGE, LLC 136 6.46% $7,406
    QUICKEN LOANS, LLC 104 6.42% $7,986
    PRIMELENDING, A PLAINSCAPITAL COMPANY 78 6.55% $7,724
    UNITED WHOLESALE MORTGAGE, LLC 62 6.89% $7,468
    LOANDEPOT.COM, LLC 40 6.45% $7,714
    STOCKTON MORTGAGE CORPORATION 33 7.17% $8,032
    Victorian Finance, LLC 23 6.89% $6,899
    CALIBER HOME LOANS, INC. 22 6.84% $6,739
    United Bank 20 6.41% $7,372
    THRIVE MORTGAGE, LLC 17 6.48% $6,533
    The Huntington National Bank 15 6.29% $6,165
    MYCUMORTGAGE, LLC 13 7.06% $6,582
    Gateway First Bank 13 7.28% $9,377
    Equity Prime Mortgage LLC 13 6.71% $7,779
    U.S. Bank 12 6.65% $5,757
    CROSSCOUNTRY MORTGAGE, LLC 12 7.23% $7,875
    WesBanco 10 6.20% $7,897
    Plains Commerce Bank 9 6.33% $6,385
    NEWREZ LLC 9 7.08% $6,820
    Mr. Cooper ( Nationstar Mortgage ) 9 6.43% $12,222
    Fifth Third Bank 8 6.80% $5,404
    SUCCESS MORTGAGE PARTNERS, INC. 7 6.89% $10,201
    BAYSHORE MORTGAGE FUNDING, LLC 6 7.10% $9,680
    GoPrime Mortgage, Inc. 6 6.89% $5,918
    FREEDOM MORTGAGE CORPORATION 6 7.00% $10,004
    PENNYMAC LOAN SERVICES, LLC 6 6.16% $8,156
    AMERISAVE MORTGAGE CORPORATION 6 6.17% $10,906
    Mortgage Research Center, LLC 5 7.33% $6,424
    Carrington Mortgage Services, LLC 5 6.68% $9,934
    BROKER SOLUTIONS, INC. 5 6.85% $9,977
    CARDINAL FINANCIAL 5 6.83% $9,588
    Truist 4 6.56% $5,232
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.56% $8,939
    T2 FINANCIAL LLC 4 7.06% $9,298
    LIBERTY HOME MORTGAGE CORPORATION 3 7.33% $10,250
    MID AMERICA MORTGAGE, INC. 3 6.75% $4,708
    ROYAL UNITED MORTGAGE LLC 3 7.42% $11,314
    Prosperity Home Mortgage, LLC 3 6.25% $7,183
    RUOFF MORTGAGE COMPANY, INC. 3 7.04% $6,979
    1ST SIGNATURE LENDING, LLC 2 6.69% $12,923
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.75% $12,180
    Citizens Bank 2 6.19% $6,104
    EVERETT FINANCIAL, INC. 2 6.75% $9,380
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.19% $9,179
    Flagstar Bank, FSB 2 6.25% $7,878
    JPMorgan Chase Bank 2 6.44% $4,576
    LAKEVIEW LOAN SERVICING, LLC 2 6.63% $9,157
    NATIONWIDE MORTGAGE BANKERS, INC. 2 7.19% $10,477
    NFM, INC. 2 7.13% $11,709
    PLANET HOME LENDING, LLC 2 6.06% $6,573
    PNC Bank 2 7.31% $5,158
    POLARIS HOME FUNDING CORP. 2 6.69% $9,208
    Republic State Mortgage Co. 2 6.63% $7,745
    SIWELL, INC. 2 6.69% $8,648
    UNION HOME MORTGAGE CORP. 2 7.31% $7,377
    Wells Fargo Bank 2 6.81% $8,470
    ZILLOW HOME LOANS, LLC 2 6.31% $8,467
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.25% $4,438
    MORIA DEVELOPMENT, INC. 1 7.50% $8,029
    KELLER MORTGAGE, LLC 1 6.13% $8,572
    INTERCOASTAL MORTGAGE COMPANY 1 5.43% $6,344
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.63% $8,609
    HOMESIDE FINANCIAL, LLC 1 6.00% $7,117
    GUILD MORTGAGE COMPANY 1 7.13% $8,336
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.13% $5,156
    Sierra Pacific Mortgage Company, Inc. 1 7.13% $9,913
    VILLAGE CAPITAL MORTGAGE 1 5.88% $14,167
    SOUTH CENTRAL BANK, INC. 1 7.25% $7,434
    SOUTHWEST STAGE FUNDING, LLC 1 6.75% $4,349
    GUARANTEED RATE, INC. 1 7.13% $10,141
    GENEVA FINANCIAL, LLC 1 7.63% $12,295
    SUN WEST MORTGAGE COMPANY, INC. 1 7.00% $6,419
    First National Bank of Pennsylvania 1 6.00% $6,463
    The Federal Savings Bank 1 5.63% $13,540
    ENDEAVOR CAPITAL, LLC. 1 6.25% $6,707
    DAS Acquisition Company, LLC 1 6.50% $10,340
    TOP FLITE FINANCIAL, INC. 1 6.75% $10,050
    TOWNE MORTGAGE COMPANY 1 6.13% $8,017
    Century Mortgage Company DBA Century Lending Company 1 5.99% $6,302
    NETWORK CAPITAL FUNDING CORPORATION 1 5.13% $11,812
    AMERICAN FINANCING CORPORATION 1 6.75% $11,867
    Northpointe Bank 1 5.75% $8,835
    NBKC BANK 1 6.50% $5,942
    Peoples Bank 1 7.00% $4,889
    PHH Mortgage Corporation 1 6.63% $6,105
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $6,276
    Capital Bank 1 5.63% $7,310
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.25% $8,861

    The top Huntington FHA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 136 FHA loans originated. Their average total fees are $7,406, which is $581 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Huntington FHA lenders (with over 10 loans originated) are U.S. Bank ($5,757), The Huntington National Bank ($6,165), THRIVE MORTGAGE, LLC ($6,533), MYCUMORTGAGE, LLC ($6,582) and CALIBER HOME LOANS, INC. ($6,739).

    The lowest rate Huntington FHA lenders (with over 10 loans originated) are WesBanco (6.20%), The Huntington National Bank (6.29%), United Bank (6.41%), QUICKEN LOANS, LLC (6.42%) and LOANDEPOT.COM, LLC (6.45%).

    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
    HUNTINGTON-ASHLAND, WV-KY-OH BOYD 2023 $472,030 $604,400 $730,525 $907,900
    HUNTINGTON-ASHLAND, WV-KY-OH CARTER 2023 $472,030 $604,400 $730,525 $907,900
    HUNTINGTON-ASHLAND, WV-KY-OH GREENUP 2023 $472,030 $604,400 $730,525 $907,900
    HUNTINGTON-ASHLAND, WV-KY-OH LAWRENCE 2023 $472,030 $604,400 $730,525 $907,900
    HUNTINGTON-ASHLAND, WV-KY-OH CABELL 2023 $472,030 $604,400 $730,525 $907,900
    HUNTINGTON-ASHLAND, WV-KY-OH PUTNAM 2023 $472,030 $604,400 $730,525 $907,900
    HUNTINGTON-ASHLAND, WV-KY-OH WAYNE 2023 $472,030 $604,400 $730,525 $907,900

    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 $134,950 (0.7%) $187,771 (2.6%) 0.50 1,651
    2018-02-01 $135,000 (1.0%) $191,812 (5.8%) 0.49 1,636
    2018-03-01 $137,000 (1.5%) $193,560 (6.4%) 0.48 1,615
    2018-04-01 $137,850 (-0.8%) $193,088 (2.2%) 0.47 1,643
    2018-05-01 $139,450 (0.1%) $196,411 (3.0%) 0.47 1,676
    2018-06-01 $144,900 (3.6%) $197,671 (2.3%) 0.48 1,722
    2018-07-01 $146,975 (5.4%) $198,837 (3.6%) 0.49 1,799
    2018-08-01 $145,000 (6.7%) $197,934 (6.0%) 0.49 1,836
    2018-09-01 $148,000 (9.7%) $196,503 (6.3%) 0.50 1,836
    2018-10-01 $145,000 (10.1%) $193,604 (4.4%) 0.49 1,810
    2018-11-01 $141,625 (9.0%) $189,071 (1.8%) 0.48 1,811
    2018-12-01 $139,900 (7.7%) $188,113 (0.8%) 0.48 1,756
    2019-01-01 $139,900 (3.7%) $186,676 (-0.6%) 0.48 1,631
    2019-02-01 $137,450 (1.8%) $186,279 (-2.9%) 0.46 1,597
    2019-03-01 $136,693 (-0.2%) $188,955 (-2.4%) 0.45 1,596
    2019-04-01 $138,925 (0.8%) $192,107 (-0.5%) 0.44 1,585
    2019-05-01 $140,750 (0.9%) $195,238 (-0.6%) 0.44 1,562
    2019-06-01 $140,000 (-3.4%) $193,685 (-2.0%) 0.44 1,577
    2019-07-01 $139,900 (-4.8%) $190,077 (-4.4%) 0.44 1,592
    2019-08-01 $139,973 (-3.5%) $190,404 (-3.8%) 0.44 1,617
    2019-09-01 $139,932 (-5.5%) $190,238 (-3.2%) 0.45 1,624
    2019-10-01 $139,900 (-3.5%) $190,127 (-1.8%) 0.45 1,626
    2019-11-01 $139,000 (-1.9%) $192,130 (1.6%) 0.46 1,568
    2019-12-01 $134,400 (-3.9%) $191,110 (1.6%) 0.45 1,521
    2020-01-01 $129,900 (-7.2%) $190,136 (1.9%) 0.43 1,421
    2020-02-01 $129,900 (-5.5%) $192,856 (3.5%) 0.43 1,396
    2020-03-01 $129,900 (-5.0%) $190,813 (1.0%) 0.41 1,329
    2020-04-01 $129,900 (-6.5%) $192,787 (0.4%) 0.41 1,257
    2020-05-01 $130,000 (-7.6%) $192,858 (-1.2%) 0.40 1,168
    2020-06-01 $143,975 (2.8%) $205,565 (6.1%) 0.42 1,033
    2020-07-01 $149,000 (6.5%) $203,971 (7.3%) 0.43 996
    2020-08-01 $146,000 (4.3%) $206,577 (8.5%) 0.42 875
    2020-09-01 $149,000 (6.5%) $209,318 (10.0%) 0.43 825
    2020-10-01 $144,950 (3.6%) $205,766 (8.2%) 0.42 823
    2020-11-01 $139,900 (0.7%) $195,243 (1.6%) 0.41 784
    2020-12-01 $135,000 (0.5%) $187,251 (-2.0%) 0.40 748
    2021-01-01 $129,900 (0.0%) $184,002 (-3.2%) 0.39 698
    2021-02-01 $124,625 (-4.1%) $173,813 (-9.9%) 0.36 624
    2021-03-01 $119,950 (-7.7%) $177,998 (-6.7%) 0.34 579
    2021-04-01 $117,450 (-9.6%) $183,474 (-4.8%) 0.32 528
    2021-05-01 $122,900 (-5.5%) $197,789 (2.6%) 0.33 515
    2021-06-01 $130,625 (-9.3%) $208,471 (1.4%) 0.34 479
    2021-07-01 $142,000 (-4.7%) $217,099 (6.4%) 0.37 515
    2021-08-01 $150,000 (2.7%) $217,359 (5.2%) 0.40 544
    2021-09-01 $152,450 (2.3%) $221,422 (5.8%) 0.41 553
    2021-10-01 $149,900 (3.4%) $211,858 (3.0%) 0.40 621
    2021-11-01 $149,450 (6.8%) $209,939 (7.5%) 0.40 624
    2021-12-01 $149,675 (10.9%) $211,551 (13.0%) 0.41 575
    2022-01-01 $145,000 (11.6%) $209,550 (13.9%) 0.39 507
    2022-02-01 $137,450 (10.3%) $211,856 (21.9%) 0.36 442
    2022-03-01 $148,450 (23.8%) $233,471 (31.2%) 0.37 404
    2022-04-01 $164,950 (40.4%) $267,616 (45.9%) 0.39 381
    2022-05-01 $174,975 (42.4%) $249,804 (26.3%) 0.40 414
    2022-06-01 $179,950 (37.8%) $243,086 (16.6%) 0.40 515
    2022-07-01 $175,000 (23.2%) $242,595 (11.7%) 0.39 542
    2022-08-01 $172,012 (14.7%) $242,455 (11.6%) 0.40 573
    2022-09-01 $177,450 (16.4%) $246,892 (11.5%) 0.41 621
    2022-10-01 $179,900 (20.0%) $241,577 (14.0%) 0.42 614
    2022-11-01 $175,000 (17.1%) $248,509 (18.4%) 0.42 634
    2022-12-01 $160,000 (6.9%) $245,684 (16.1%) 0.40 593
    2023-01-01 $159,900 (10.3%) $242,139 (15.6%) 0.40 538
    2023-02-01 $172,350 (25.4%) $250,182 (18.1%) 0.42 477
    2023-03-01 $174,450 (17.5%) $262,563 (12.5%) 0.41 439
    2023-04-01 $178,400 (8.2%) $262,637 (-1.9%) 0.41 412
    2023-05-01 $177,450 (1.4%) $262,732 (5.2%) 0.40 414
    2023-06-01 $184,250 (2.4%) $263,390 (8.4%) 0.41 439
    2023-07-01 $185,000 (5.7%) $269,032 (10.9%) 0.42 469
    2023-08-01 $179,700 (4.5%) $263,675 (8.8%) 0.41 520
    2023-09-01 $179,900 (1.4%) $259,759 (5.2%) 0.42 549
    2023-10-01 $193,675 (7.7%) $276,717 (14.6%) 0.46 579
    2023-11-01 $183,700 (5.0%) $258,757 (4.1%) 0.44 565
    2023-12-01 $179,500 (12.2%) $245,936 (0.1%) 0.44 567
    2024-01-01 $179,200 (12.1%) $243,428 (0.5%) 0.44 532
    2024-02-01 $172,350 (0.0%) $238,459 (-4.7%) 0.41 511
    2024-03-01 $179,950 (3.2%) $250,808 (-4.5%) 0.42 471
    2024-04-01 $199,600 (11.9%) $266,123 (1.3%) 0.46 472
    2024-05-01 $219,000 (23.4%) $280,505 (6.8%) 0.50 470
    2024-06-01 $210,000 (14.0%) $277,426 (5.3%) 0.47 484
    2024-07-01 $199,900 (8.1%) $271,743 (1.0%) 0.46 517
    2024-08-01 $206,733 (15.0%) $280,117 (6.2%) 0.48 522
    2024-09-01 $202,933 (12.8%) $279,770 (7.7%) 0.48 596
    2024-10-01 $201,200 (3.9%) $270,935 (-2.1%) 0.47 618
    Huntington's median listing price for 2024-10-01 was $201,200, a difference of $7,525 (3.9%) versus the prior year and $-1,733 versus the prior month.

    Huntington's median listing price comes in at 47% of the national average.

    Huntington's average listing price for 2024-10-01 was $270,935, a difference of $-5,782 (-2.1%) versus the prior year and $-8,835 versus the prior month.

    For the 2024-10-01 period, Huntington had 618 MLS listings, a difference of 22 listings (4%) versus the prior month and 39 listings (7%) 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
    2018-01-01 110 days 1,747 sqft
    2018-02-01 105 days 1,757 sqft
    2018-03-01 88 days 1,769 sqft
    2018-04-01 80 days 1,786 sqft
    2018-05-01 75 days 1,800 sqft
    2018-06-01 80 days 1,803 sqft
    2018-07-01 78 days 1,811 sqft
    2018-08-01 78 days 1,819 sqft
    2018-09-01 79 days 1,824 sqft
    2018-10-01 86 days 1,808 sqft
    2018-11-01 91 days 1,798 sqft
    2018-12-01 100 days 1,793 sqft
    2019-01-01 108 days 1,791 sqft
    2019-02-01 107 days 1,762 sqft
    2019-03-01 97 days 1,755 sqft
    2019-04-01 83 days 1,755 sqft
    2019-05-01 78 days 1,769 sqft
    2019-06-01 75 days 1,774 sqft
    2019-07-01 78 days 1,773 sqft
    2019-08-01 77 days 1,765 sqft
    2019-09-01 80 days 1,758 sqft
    2019-10-01 82 days 1,748 sqft
    2019-11-01 88 days 1,721 sqft
    2019-12-01 98 days 1,727 sqft
    2020-01-01 107 days 1,718 sqft
    2020-02-01 102 days 1,719 sqft
    2020-03-01 92 days 1,699 sqft
    2020-04-01 88 days 1,677 sqft
    2020-05-01 92 days 1,700 sqft
    2020-06-01 89 days 1,781 sqft
    2020-07-01 74 days 1,797 sqft
    2020-08-01 72 days 1,773 sqft
    2020-09-01 69 days 1,794 sqft
    2020-10-01 66 days 1,800 sqft
    2020-11-01 66 days 1,767 sqft
    2020-12-01 72 days 1,680 sqft
    2021-01-01 82 days 1,664 sqft
    2021-02-01 84 days 1,600 sqft
    2021-03-01 74 days 1,571 sqft
    2021-04-01 64 days 1,572 sqft
    2021-05-01 47 days 1,600 sqft
    2021-06-01 50 days 1,624 sqft
    2021-07-01 50 days 1,707 sqft
    2021-08-01 43 days 1,689 sqft
    2021-09-01 50 days 1,709 sqft
    2021-10-01 51 days 1,669 sqft
    2021-11-01 56 days 1,606 sqft
    2021-12-01 64 days 1,602 sqft
    2022-01-01 76 days 1,575 sqft
    2022-02-01 82 days 1,575 sqft
    2022-03-01 65 days 1,674 sqft
    2022-04-01 48 days 1,772 sqft
    2022-05-01 42 days 1,795 sqft
    2022-06-01 35 days 1,860 sqft
    2022-07-01 45 days 1,844 sqft
    2022-08-01 51 days 1,813 sqft
    2022-09-01 52 days 1,848 sqft
    2022-10-01 57 days 1,832 sqft
    2022-11-01 64 days 1,822 sqft
    2022-12-01 79 days 1,809 sqft
    2023-01-01 82 days 1,800 sqft
    2023-02-01 82 days 1,798 sqft
    2023-03-01 65 days 1,800 sqft
    2023-04-01 54 days 1,811 sqft
    2023-05-01 50 days 1,790 sqft
    2023-06-01 48 days 1,797 sqft
    2023-07-01 49 days 1,864 sqft
    2023-08-01 43 days 1,803 sqft
    2023-09-01 45 days 1,799 sqft
    2023-10-01 50 days 1,863 sqft
    2023-11-01 53 days 1,775 sqft
    2023-12-01 59 days 1,744 sqft
    2024-01-01 70 days 1,721 sqft
    2024-02-01 76 days 1,692 sqft
    2024-03-01 66 days 1,727 sqft
    2024-04-01 56 days 1,762 sqft
    2024-05-01 50 days 1,829 sqft
    2024-06-01 47 days 1,792 sqft
    2024-07-01 50 days 1,737 sqft
    2024-08-01 46 days 1,784 sqft
    2024-09-01 44 days 1,798 sqft
    2024-10-01 49 days 1,768 sqft
    Huntington's median listing age (time on market) for 2024-10-01 was 49 days. This is -3% shorter than the same period one year ago.

    Huntington's median square footage for active listings during the 2024-10-01 period was 1,768 sqft. One year prior, the average listing was 1,863 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).