Huntington FHA Loan Rates, Closing Costs & Stats

Huntington, IN

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 34 lenders originated 84 FHA loans during 2023. The total origination value was $14,770,000, with an average FHA loan value of $175,833.

Huntington FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Huntington averaged 6.56% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

Huntington's average FHA mortgage closing costs are $5,271.

The average rate for the prior week (2024-12-06) was 6.63% and one month ago for the week of 2024-11-08, the average rate was 6.49%.

The average rate one year ago was 6.8%.

For refis of the same type during the week of 2024-12-13, the average rate was 6.08%.

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
RUOFF MORTGAGE COMPANY, INC. 13 7.10% $4,904
QUICKEN LOANS, LLC 12 6.47% $7,065
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 4 7.19% $10,261
UNION HOME MORTGAGE CORP. 4 6.88% $12,317
POLARIS HOME FUNDING CORP. 4 6.72% $8,733
TEACHERS CREDIT UNION 3 6.63% $6,033
Carrington Mortgage Services, LLC 2 6.13% $8,738
LOANDEPOT.COM, LLC 2 6.31% $8,243
LOANPAL, LLC 2 6.99% $7,218
V.I.P. MORTGAGE, INC. 2 7.00% $8,364
MICHIGAN MUTUAL, INC. 2 7.63% $8,385
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.75% $16,429
Blue Ridge Bank 2 7.12% $5,999
GVC MORTGAGE, INC. 2 7.37% $6,770
HALLMARK HOME MORTGAGE, LLC 2 6.56% $8,359
PENNYMAC LOAN SERVICES, LLC 1 5.63% $12,319
PLANET HOME LENDING, LLC 1 5.38% $4,956
STOCKTON MORTGAGE CORPORATION 1 6.75% $4,632
VAN DYK MORTGAGE CORPORATION 1 7.13% $11,505
LAKEVIEW LOAN SERVICING, LLC 1 5.75% $6,371
ACADEMY MORTGAGE CORPORATION 1 7.25% $13,056
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $7,059
AMERISAVE MORTGAGE CORPORATION 1 5.75% $9,272
Bank of England 1 6.00% $4,051
CALIBER HOME LOANS, INC. 1 6.75% $7,931
Citizens Bank 1 6.88% $7,369
CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $12,615
DHI MORTGAGE COMPANY, LTD. 1 4.99% $6,052
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.63% $4,044
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.63% $7,596
FREEDOM MORTGAGE CORPORATION 1 7.25% $10,161
1ST SIGNATURE LENDING, LLC 1 6.25% $12,597
Nations Lending Corporation 1 7.50% $7,056
NFM, INC. 1 5.63% $8,271

The top Huntington FHA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 13 FHA loans originated. Their average total fees are $4,904, which is $2,160 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Huntington FHA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($4,904), QUICKEN LOANS, LLC ($7,065), .

The lowest rate Huntington FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.47%), RUOFF MORTGAGE COMPANY, INC. (7.10%), .

Huntington FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
HUNTINGTON, IN HUNTINGTON 2022 $420,680 $538,650 $651,050 $809,150
HUNTINGTON, IN HUNTINGTON 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 $126,500 (58.3%) $155,011 (28.8%) 0.00 99
2018-02-01 $112,436 (39.5%) $151,288 (24.4%) 0.00 98
2018-03-01 $122,900 (46.1%) $159,286 (27.6%) 0.00 89
2018-04-01 $123,150 (46.8%) $166,051 (24.3%) 0.00 89
2018-05-01 $127,400 (50.1%) $166,958 (24.6%) 0.00 100
2018-06-01 $114,900 (26.9%) $156,673 (12.2%) 0.00 110
2018-07-01 $99,925 (9.5%) $153,923 (6.6%) 0.00 100
2018-08-01 $128,425 (22.4%) $168,752 (8.8%) 0.00 98
2018-09-01 $126,650 (10.1%) $158,270 (-8.3%) 0.00 108
2018-10-01 $104,900 (-17.8%) $148,555 (-18.4%) 0.00 106
2018-11-01 $94,700 (-25.2%) $144,791 (-15.1%) 0.00 97
2018-12-01 $92,700 (-22.7%) $148,382 (-3.2%) 0.00 96
2019-01-01 $106,150 (-16.1%) $156,390 (0.9%) 0.00 99
2019-02-01 $134,695 (19.8%) $164,452 (8.7%) 0.00 93
2019-03-01 $152,149 (23.8%) $166,835 (4.7%) 0.00 91
2019-04-01 $158,593 (28.8%) $167,899 (1.1%) 0.00 96
2019-05-01 $151,970 (19.3%) $160,589 (-3.8%) 0.00 105
2019-06-01 $149,900 (30.5%) $166,946 (6.6%) 0.00 105
2019-07-01 $149,950 (50.1%) $183,355 (19.1%) 0.00 107
2019-08-01 $146,982 (14.5%) $175,055 (3.7%) 0.00 119
2019-09-01 $142,605 (12.6%) $167,126 (5.6%) 0.00 128
2019-10-01 $138,300 (31.8%) $158,603 (6.8%) 0.00 132
2019-11-01 $132,000 (39.4%) $153,874 (6.3%) 0.00 122
2019-12-01 $116,225 (25.4%) $140,328 (-5.4%) 0.00 122
2020-01-01 $122,475 (15.4%) $138,331 (-11.6%) 0.00 93
2020-02-01 $89,950 (-33.2%) $119,992 (-27.0%) 0.00 81
2020-03-01 $98,400 (-35.3%) $127,088 (-23.8%) 0.00 92
2020-04-01 $107,975 (-31.9%) $134,040 (-20.2%) 0.00 98
2020-05-01 $119,900 (-21.1%) $140,412 (-12.6%) 0.00 92
2020-06-01 $119,900 (-20.0%) $139,780 (-16.3%) 0.00 72
2020-07-01 $114,200 (-23.8%) $167,966 (-8.4%) 0.00 57
2020-08-01 $139,900 (-4.8%) $203,312 (16.1%) 0.00 47
2020-09-01 $130,450 (-8.5%) $218,793 (30.9%) 0.00 48
2020-10-01 $119,400 (-13.7%) $213,823 (34.8%) 0.00 50
2020-11-01 $93,550 (-29.1%) $184,502 (19.9%) 0.00 49
2020-12-01 $87,950 (-24.3%) $174,055 (24.0%) 0.00 39
2021-01-01 $94,900 (-22.5%) $193,066 (39.6%) 0.00 26
2021-02-01 $171,350 (90.5%) $245,161 (104.3%) 0.00 17
2021-03-01 $212,175 (115.6%) $283,115 (122.8%) 0.00 19
2021-04-01 $210,987 (95.4%) $305,752 (128.1%) 0.00 20
2021-05-01 $160,000 (33.4%) $247,493 (76.3%) 0.00 20
2021-06-01 $112,450 (-6.2%) $205,052 (46.7%) 0.00 30
2021-07-01 $113,550 (-0.6%) $206,618 (23.0%) 0.00 38
2021-08-01 $152,925 (9.3%) $201,645 (-0.8%) 0.00 45
2021-09-01 $123,950 (-5.0%) $202,472 (-7.5%) 0.00 44
2021-10-01 $113,450 (-5.0%) $191,623 (-10.4%) 0.00 47
2021-11-01 $108,875 (16.4%) $173,345 (-6.1%) 0.00 51
2021-12-01 $121,625 (38.3%) $209,204 (20.2%) 0.00 39
2022-01-01 $145,000 (52.8%) $217,672 (12.8%) 0.00 31
2022-02-01 $122,475 (-28.5%) $209,012 (-14.8%) 0.00 21
2022-03-01 $148,625 (-30.0%) $176,443 (-37.7%) 0.00 15
2022-04-01 $195,000 (-7.6%) $200,728 (-34.4%) 0.00 23
2022-05-01 $220,967 (38.1%) $328,495 (32.7%) 0.00 27
2022-06-01 $182,225 (62.1%) $282,934 (38.0%) 0.00 39
2022-07-01 $162,411 (43.0%) $296,510 (43.5%) 0.00 39
2022-08-01 $222,400 (45.4%) $368,629 (82.8%) 0.00 43
2022-09-01 $197,450 (59.3%) $357,825 (76.7%) 0.00 46
2022-10-01 $247,400 (118.1%) $399,422 (108.4%) 0.00 42
2022-11-01 $264,400 (142.9%) $409,244 (136.1%) 0.00 38
2022-12-01 $259,786 (113.6%) $323,762 (54.8%) 0.00 37
2023-01-01 $250,172 (72.5%) $272,280 (25.1%) 0.00 24
2023-02-01 $254,115 (107.5%) $254,052 (21.6%) 0.00 26
2023-03-01 $254,115 (71.0%) $282,272 (60.0%) 0.00 30
2023-04-01 $248,963 (27.7%) $353,971 (76.3%) 0.00 24
2023-05-01 $198,750 (-10.1%) $303,340 (-7.7%) 0.00 30
2023-06-01 $223,441 (22.6%) $327,416 (15.7%) 0.00 29
2023-07-01 $224,900 (38.5%) $238,130 (-19.7%) 0.00 40
2023-08-01 $208,700 (-6.2%) $247,257 (-32.9%) 0.00 43
2023-09-01 $194,500 (-1.5%) $227,673 (-36.4%) 0.00 47
2023-10-01 $183,500 (-25.8%) $220,617 (-44.8%) 0.00 56
2023-11-01 $188,425 (-28.7%) $225,991 (-44.8%) 0.00 63
2023-12-01 $230,000 (-11.5%) $268,119 (-17.2%) 0.00 54
2024-01-01 $240,500 (-3.9%) $264,729 (-2.8%) 0.00 53
2024-02-01 $243,177 (-4.3%) $249,754 (-1.7%) 0.00 51
2024-03-01 $259,900 (2.3%) $260,073 (-7.9%) 0.00 43
2024-04-01 $253,494 (1.8%) $266,876 (-24.6%) 0.00 40
2024-05-01 $252,279 (26.9%) $280,476 (-7.5%) 0.00 49
2024-06-01 $260,924 (16.8%) $304,568 (-7.0%) 0.00 50
2024-07-01 $253,475 (12.7%) $288,171 (21.0%) 0.00 56
2024-08-01 $242,400 (16.2%) $289,005 (16.9%) 0.00 65
2024-09-01 $235,000 (20.8%) $274,251 (20.5%) 0.00 77
2024-10-01 $235,450 (28.3%) $268,205 (21.6%) 0.00 78
2024-11-01 $219,500 (16.5%) $270,169 (19.6%) 0.00 83
Huntington's median listing price for 2024-11-01 was $219,500, a difference of $31,075 (16.5%) versus the prior year and $-15,950 versus the prior month.

Huntington's median listing price comes in at 0% of the national average.

Huntington's average listing price for 2024-11-01 was $270,169, a difference of $44,178 (19.6%) versus the prior year and $1,964 versus the prior month.

For the 2024-11-01 period, Huntington had 83 MLS listings, a difference of 5 listings (6%) versus the prior month and 20 listings (32%) 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 0 days 1,722 sqft
2018-02-01 0 days 1,686 sqft
2018-03-01 0 days 1,696 sqft
2018-04-01 0 days 1,737 sqft
2018-05-01 0 days 1,735 sqft
2018-06-01 0 days 1,645 sqft
2018-07-01 0 days 1,628 sqft
2018-08-01 0 days 1,742 sqft
2018-09-01 0 days 1,791 sqft
2018-10-01 0 days 1,769 sqft
2018-11-01 0 days 1,699 sqft
2018-12-01 0 days 1,699 sqft
2019-01-01 0 days 1,680 sqft
2019-02-01 0 days 1,747 sqft
2019-03-01 0 days 1,763 sqft
2019-04-01 0 days 1,763 sqft
2019-05-01 0 days 1,801 sqft
2019-06-01 0 days 1,811 sqft
2019-07-01 0 days 1,811 sqft
2019-08-01 0 days 1,811 sqft
2019-09-01 0 days 1,811 sqft
2019-10-01 0 days 1,811 sqft
2019-11-01 0 days 1,811 sqft
2019-12-01 0 days 1,737 sqft
2020-01-01 0 days 1,710 sqft
2020-02-01 0 days 1,534 sqft
2020-03-01 0 days 1,567 sqft
2020-04-01 0 days 1,541 sqft
2020-05-01 0 days 1,642 sqft
2020-06-01 0 days 1,614 sqft
2020-07-01 0 days 1,623 sqft
2020-08-01 0 days 1,717 sqft
2020-09-01 0 days 1,716 sqft
2020-10-01 0 days 1,564 sqft
2020-11-01 0 days 1,516 sqft
2020-12-01 0 days 1,406 sqft
2021-01-01 0 days 1,525 sqft
2021-02-01 0 days 1,707 sqft
2021-03-01 0 days 1,736 sqft
2021-04-01 0 days 1,732 sqft
2021-05-01 0 days 1,606 sqft
2021-06-01 0 days 1,691 sqft
2021-07-01 0 days 1,709 sqft
2021-08-01 0 days 1,744 sqft
2021-09-01 0 days 1,700 sqft
2021-10-01 0 days 1,606 sqft
2021-11-01 0 days 1,596 sqft
2021-12-01 0 days 1,745 sqft
2022-01-01 0 days 1,815 sqft
2022-02-01 0 days 1,641 sqft
2022-03-01 0 days 1,554 sqft
2022-04-01 0 days 1,655 sqft
2022-05-01 0 days 1,695 sqft
2022-06-01 0 days 1,794 sqft
2022-07-01 0 days 1,669 sqft
2022-08-01 0 days 1,882 sqft
2022-09-01 0 days 1,892 sqft
2022-10-01 0 days 1,932 sqft
2022-11-01 0 days 1,940 sqft
2022-12-01 0 days 1,772 sqft
2023-01-01 0 days 1,495 sqft
2023-02-01 0 days 1,511 sqft
2023-03-01 0 days 1,603 sqft
2023-04-01 0 days 1,539 sqft
2023-05-01 0 days 1,493 sqft
2023-06-01 0 days 1,798 sqft
2023-07-01 0 days 1,669 sqft
2023-08-01 0 days 1,627 sqft
2023-09-01 0 days 1,569 sqft
2023-10-01 0 days 1,574 sqft
2023-11-01 0 days 1,595 sqft
2023-12-01 0 days 1,641 sqft
2024-01-01 0 days 1,607 sqft
2024-02-01 0 days 1,562 sqft
2024-03-01 0 days 1,697 sqft
2024-04-01 0 days 1,875 sqft
2024-05-01 0 days 1,900 sqft
2024-06-01 0 days 1,916 sqft
2024-07-01 0 days 1,887 sqft
2024-08-01 0 days 1,890 sqft
2024-09-01 0 days 1,811 sqft
2024-10-01 0 days 1,777 sqft
2024-11-01 0 days 1,839 sqft
Huntington's median listing age (time on market) for 2024-11-01 was 0 days.

Huntington's median square footage for active listings during the 2024-11-01 period was 1,839 sqft. One year prior, the average listing was 1,595 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).