Huntington FHA Loans

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 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).