Johnstown FHA Loan Rates, Closing Costs & Stats

JOHNSTOWN, 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.

    Johnstown's 37 lenders originated 180 FHA loans during 2024. The total origination value was $24,100,000, with an average FHA loan value of $133,889.

    Johnstown FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Johnstown averaged 0.3% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Johnstown's average FHA mortgage closing costs are $6,092.

    The average rate for the prior week (2025-06-13) was 6.88% and one month ago for the week of 2025-05-16, the average rate was 6.94%.

    The average rate one year ago was 6.69%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0%.

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

    Johnstown 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 Johnstown level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 38 6.62% $7,940
    PRIMELENDING, A PLAINSCAPITAL COMPANY 21 6.40% $8,317
    First Commonwealth Bank 19 6.47% $6,682
    Flagstar Bank, FSB 10 6.61% $7,851
    UNITED WHOLESALE MORTGAGE, LLC 6 6.85% $8,454
    NATIONS RELIABLE LENDING, LLC 4 6.03% $8,484
    CROSSCOUNTRY MORTGAGE, LLC 4 6.65% $7,043
    Mortgage Research Center, LLC 4 6.63% $2,974
    LOANDEPOT.COM, LLC 3 7.00% $8,190
    BROKER SOLUTIONS, INC. 3 7.00% $7,521
    NORWICH COMMERCIAL GROUP, INC. 3 6.92% $12,459
    Century Mortgage Company DBA Century Lending Company 3 6.87% $10,213
    AFFORDABLE MORTGAGE ADVISORS, LLC. 3 6.67% $7,024
    Carrington Mortgage Services, LLC 2 6.25% $7,526
    PENNYMAC LOAN SERVICES, LLC 2 5.75% $8,392
    First National Bank of Pennsylvania 2 6.44% $6,741
    RADIUS FINANCIAL GROUP INC. 2 6.88% $9,676
    Equity Prime Mortgage LLC 2 7.63% $6,190
    UNION HOME MORTGAGE CORP. 1 6.88% $5,159
    ZILLOW HOME LOANS, LLC 1 6.25% $9,127
    BETTER MORTGAGE CORPORATION 1 7.00% $9,124
    CMG MORTGAGE, INC. 1 6.63% $6,818
    EMM LOANS LLC 1 6.75% $5,726
    FIRST COLONY MORTGAGE CORPORATION 1 6.75% $26,658
    FIRST COMMUNITY MORTGAGE, INC. 1 7.75% $5,968
    FREEDOM MORTGAGE CORPORATION 1 7.25% $10,568
    Integrity Home Mortgage Corp 1 6.38% $6,795
    JLB CORPORATION 1 6.25% $8,119
    LOANPAL, LLC 1 4.75% $9,194
    MILEND, INC. 1 6.13% $24,209
    MOVEMENT MORTGAGE, LLC 1 6.25% $8,994
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $9,856
    PLANET HOME LENDING, LLC 1 7.38% $6,509
    PLAZA HOME MORTGAGE, INC. 1 5.88% $11,062
    Prosperity Home Mortgage, LLC 1 6.13% $13,765
    ROYAL UNITED MORTGAGE LLC 1 7.25% $6,865
    TOTAL MORTGAGE SERVICES, LLC 1 7.25% $9,539

    The top Johnstown FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 38 FHA loans originated. Their average total fees are $7,940, which is $377 lower than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

    The lowest fee Johnstown FHA lenders (with over 10 loans originated) are First Commonwealth Bank ($6,682), Flagstar Bank, FSB ($7,851), QUICKEN LOANS, LLC ($7,940), PRIMELENDING, A PLAINSCAPITAL COMPANY ($8,317) and .

    The lowest rate Johnstown FHA lenders (with over 10 loans originated) are PRIMELENDING, A PLAINSCAPITAL COMPANY (6.40%), First Commonwealth Bank (6.47%), Flagstar Bank, FSB (6.61%), QUICKEN LOANS, LLC (6.62%) and .

    Johnstown FHA Loan Limits

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