La Crosse FHA Loan Rates, Closing Costs & Stats

LA CROSSE-ONALASKA, WI-MN

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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.

    La Crosse's 44 lenders originated 117 FHA loans during 2024. The total origination value was $29,025,000, with an average FHA loan value of $248,077.

    La Crosse FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in La Crosse averaged 0.12% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    La Crosse's average FHA mortgage closing costs are $7,114.

    The average rate for the prior week (2025-06-13) was 6.9% and one month ago for the week of 2025-05-16, the average rate was 6.97%.

    The average rate one year ago was 6.92%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.05%.

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

    La Crosse 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 La Crosse level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNION HOME MORTGAGE CORP. 14 6.38% $11,048
    CROSSCOUNTRY MORTGAGE, LLC 9 6.91% $10,407
    QUICKEN LOANS, LLC 7 6.16% $12,982
    Granite Community Bank 6 6.40% $10,813
    EVERETT FINANCIAL, INC. 5 6.98% $8,839
    Servion, Inc. 4 6.56% $7,241
    ALTRA 4 6.00% $7,415
    UNITED WHOLESALE MORTGAGE, LLC 4 6.19% $11,365
    LAKEVIEW LOAN SERVICING, LLC 3 6.83% $8,666
    PENNYMAC LOAN SERVICES, LLC 3 6.71% $8,240
    Alerus Financial 3 7.50% $6,716
    ENDEAVOR CAPITAL, LLC. 2 6.25% $9,807
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.56% $13,618
    Carrington Mortgage Services, LLC 2 6.56% $12,278
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.25% $10,182
    FREEDOM MORTGAGE CORPORATION 2 6.75% $11,147
    GUILD MORTGAGE COMPANY 2 6.44% $11,785
    Mortgage Research Center, LLC 2 6.44% $6,593
    Mr. Cooper ( Nationstar Mortgage ) 2 6.50% $13,767
    PLANET HOME LENDING, LLC 2 6.12% $7,487
    Royal Credit Union 2 6.44% $8,920
    LOANDEPOT.COM, LLC 1 5.99% $11,298
    LOANPAL, LLC 1 5.63% $7,950
    Merchants Bank 1 5.50% $7,686
    U.S. Bank 1 6.75% $8,598
    V.I.P. MORTGAGE, INC. 1 6.75% $16,285
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.13% $13,342
    Paramount Residential Mortgage Group, Inc. 1 6.25% $9,316
    EMM LOANS LLC 1 5.75% $9,774
    Waterstone Mortgage Corporation 1 7.25% $11,336
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $12,005
    Prosperity Home Mortgage, LLC 1 5.75% $10,317
    CARDINAL FINANCIAL 1 6.25% $13,752
    ZILLOW HOME LOANS, LLC 1 6.75% $7,628
    Associated Bank 1 6.13% $7,349
    The Federal Savings Bank 1 7.38% $6,951
    THOMPSON KANE & COMPANY, LLC 1 6.50% $10,211
    TOWNE MORTGAGE COMPANY 1 7.25% $9,565
    AMERICAN FINANCING CORPORATION 1 5.25% $12,088
    Flagstar Bank, FSB 1 6.75% $5,662
    GUARANTEED RATE, INC. 1 6.63% $6,947
    AMERICAN FINANCIAL NETWORK, INC. 1 5.63% $15,446
    FIRST COLONY MORTGAGE CORPORATION 1 6.75% $9,669
    LAND HOME FINANCIAL SERVICES, INC. 1 6.88% $15,094

    The top La Crosse FHA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 14 FHA loans originated. Their average total fees are $11,048, which is $641 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee La Crosse FHA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. ($11,048), .

    The lowest rate La Crosse FHA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. (6.38%), .

    La Crosse FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LA CROSSE-ONALASKA, WI-MN HOUSTON 2022 $420,680 $538,650 $651,050 $809,150
    LA CROSSE-ONALASKA, WI-MN LA CROSSE 2022 $420,680 $538,650 $651,050 $809,150
    LA CROSSE-ONALASKA, WI-MN HOUSTON 2023 $472,030 $604,400 $730,525 $907,900
    LA CROSSE-ONALASKA, WI-MN LA CROSSE 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).