Lakeland FHA Loan Rates, Closing Costs & Stats

LAKELAND-WINTER HAVEN, FL

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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.

    Lakeland's 239 lenders originated 7,511 FHA loans during 2024. The total origination value was $2,267,435,000, with an average FHA loan value of $301,882.

    Lakeland FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Lakeland averaged -0.04% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

    Lakeland's average FHA mortgage closing costs are $10,020.

    The average rate for the prior week (2025-06-27) was 6.24% and one month ago for the week of 2025-05-30, the average rate was 6.52%.

    The average rate one year ago was 6.34%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.28%.

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

    Lakeland 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 Lakeland level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 867 6.21% $13,956
    DHI MORTGAGE COMPANY, LTD. 777 5.08% $9,208
    EAGLE HOME MORTGAGE, LLC 441 4.93% $10,918
    LOANDEPOT.COM, LLC 306 5.59% $12,419
    QUICKEN LOANS, LLC 271 6.19% $13,220
    BROKER SOLUTIONS, INC. 221 6.49% $16,759
    FREEDOM MORTGAGE CORPORATION 186 6.32% $12,916
    VANDERBILT MORTGAGE AND FINANCE, INC. 169 5.18% $13,039
    HOMEAMERICAN MORTGAGE CORPORATION 168 4.94% $6,323
    CROSSCOUNTRY MORTGAGE, LLC 161 5.97% $14,940
    GARDNER FINANCIAL SERVICES, LTD. 149 6.52% $12,162
    NFM, INC. 144 5.39% $13,422
    HOME SOLUTION LENDERS INC. 132 5.85% $20,009
    FBC MORTGAGE, LLC 124 6.09% $13,572
    Plains Commerce Bank 124 6.26% $14,457
    NVR Mortgage Finance, Inc. 121 6.03% $9,889
    PULTE MORTGAGE LLC 115 4.80% $8,153
    South Pacific Financial Corporation 94 4.93% $9,440
    Equity Prime Mortgage LLC 91 6.53% $12,904
    PENNYMAC LOAN SERVICES, LLC 91 6.11% $12,103
    CMG MORTGAGE, INC. 89 5.54% $15,866
    NEWREZ LLC 89 6.22% $13,501
    KBHS HOME LOANS, LLC 82 5.76% $12,256
    GUARANTEED RATE, INC. 79 5.36% $15,334
    First Heritage Mortgage, LLC 73 5.17% $13,200
    STOCKTON MORTGAGE CORPORATION 64 6.54% $12,524
    Paramount Residential Mortgage Group, Inc. 60 6.41% $14,889
    GUILD MORTGAGE COMPANY 57 6.53% $11,917
    CARDINAL FINANCIAL 56 5.97% $15,135
    INSPIRE HOME LOANS INC. 55 4.96% $9,876
    MOVEMENT MORTGAGE, LLC 49 6.62% $12,396
    Flagstar Bank, FSB 48 6.31% $12,685
    EVERETT FINANCIAL, INC. 47 6.77% $12,376
    AMERICAN FINANCIAL NETWORK, INC. 46 6.76% $14,867
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 45 6.57% $11,869
    PARK SQUARE HOME MORTGAGE, LLC 40 5.17% $12,160
    Waterstone Mortgage Corporation 39 6.53% $17,170
    South State Bank 31 6.07% $11,135
    HOMESIDE FINANCIAL, LLC 29 6.35% $13,840
    THE MORTGAGE FIRM, INC. 29 6.62% $10,950
    Mr. Cooper ( Nationstar Mortgage ) 25 6.58% $13,942
    MID AMERICA MORTGAGE, INC. 24 7.04% $8,232
    Residential Acceptance Corporation 24 7.06% $13,589
    Lakeview Community Capital, LLC 23 6.31% $8,802
    ALKAN MORTGAGE CORPORATION 23 6.40% $13,516
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 22 6.48% $16,587
    HOMESPIRE MORTGAGE CORPORATION 21 6.37% $15,041
    UNION HOME MORTGAGE CORP. 21 6.15% $14,810
    Century Mortgage Company DBA Century Lending Company 20 6.06% $13,227
    Cornerstone First Mortgage, Inc 20 6.47% $13,351
    LAKEVIEW LOAN SERVICING, LLC 19 6.36% $9,788
    PLANET HOME LENDING, LLC 19 6.36% $11,918
    Carrington Mortgage Services, LLC 19 6.50% $14,864
    GENEVA FINANCIAL, LLC 18 6.57% $15,700
    SUN WEST MORTGAGE COMPANY, INC. 18 6.24% $13,397
    JET HOMELOANS, LLC 17 5.36% $12,488
    AMERICAN PACIFIC MORTGAGE CORPORATION 16 6.42% $16,438
    VILLAGE CAPITAL MORTGAGE 16 6.54% $8,128
    MUTUAL OF OMAHA MORTGAGE, INC. 15 6.13% $15,156
    BM Real Estate Services, Inc. 15 5.73% $15,692
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 15 6.37% $13,056
    Ixonia Bank 14 6.85% $11,482
    AMERISAVE MORTGAGE CORPORATION 14 6.15% $16,781
    The Loan Store, Inc. 13 6.01% $14,042
    PLAZA HOME MORTGAGE, INC. 12 6.65% $13,966
    CANOPY MORTGAGE, LLC 12 6.57% $13,146
    LOANPAL, LLC 12 5.81% $12,413
    MY MORTGAGE, INC. 11 6.56% $14,078
    GERSHMAN INVESTMENT CORP. 11 6.64% $10,308
    T2 FINANCIAL LLC 10 6.86% $13,049
    AMERICAN FINANCIAL RESOURCES, INC. 10 6.40% $11,891
    SECURITYNATIONAL MORTGAGE COMPANY 10 6.51% $16,507
    OCMBC, INC. 10 6.85% $17,361
    GUARANTEED RATE AFFINITY, LLC 10 6.11% $12,075
    ZILLOW HOME LOANS, LLC 10 6.50% $11,657
    Mortgage Lenders Investment Trading Corporation 9 6.67% $10,974
    Midwest Mortgage Associates Corporation 9 6.36% $9,281
    Regions Bank 9 5.85% $14,239
    GEO-CORP, INC. 9 6.93% $17,116
    EMBRACE HOME LOANS, INC. 9 6.43% $13,639
    DAS Acquisition Company, LLC 9 6.85% $11,193
    JMAC LENDING, INC. 8 6.28% $15,925
    Hometown Equity Mortgage, LLC 8 6.42% $12,787
    PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.55% $13,836
    BAY EQUITY LLC 7 6.30% $13,304
    City Lending Inc. 7 6.20% $14,299
    MICHIGAN MUTUAL, INC. 7 6.02% $14,750
    Nations Lending Corporation 7 6.91% $13,374
    City National Bank of Florida 7 5.82% $16,745
    INTELLILOAN, INC. 6 5.77% $5,756
    UNITED MORTGAGE CORP 6 6.90% $15,614
    Acre Mortgage and Financial Inc 6 6.88% $16,589
    EMM LOANS LLC 6 6.23% $15,243
    PREFERRED LENDING SERVICES, LLC 6 6.40% $11,976
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.10% $11,807
    American Mortgage Bank, LLC 6 5.98% $16,395
    TOWNE MORTGAGE COMPANY 6 6.46% $10,535
    NATIONWIDE MORTGAGE BANKERS, INC. 5 7.25% $15,910
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 6.95% $15,194
    PREMIER MORTGAGE RESOURCES, L.L.C. 5 6.32% $15,714
    MORTGAGE EQUITY PARTNERS LLC 5 6.70% $16,745
    Sierra Pacific Mortgage Company, Inc. 5 6.20% $13,690
    VELOCIO MORTGAGE L.L.C. 5 5.24% $12,127
    Keystone Funding, Inc. 5 5.90% $15,191
    Alcova Mortgage LLC 5 7.10% $5,257
    NJ LENDERS CORP. 5 6.38% $12,304
    JPMorgan Chase Bank 4 6.56% $9,601
    AMERITRUST MORTGAGE CORPORATION 4 6.81% $16,073
    BECKAM FUNDING CORP. 4 6.88% $19,943
    FIRST COMMUNITY MORTGAGE, INC. 4 6.69% $13,156
    First Option Mortgage, LLC 4 6.69% $14,563
    Loan Simple, Inc. 4 7.00% $16,059
    M/I FINANCIAL, LLC 4 5.69% $22,210
    PENTAGON FEDERAL CREDIT UNION 4 6.22% $12,148
    Synovus Bank 4 6.56% $9,319
    Truist 4 6.31% $8,918
    DG PINNACLE FUNDING LLC 3 7.25% $13,426
    EQUITY RESOURCES, INC. 3 7.04% $8,908
    MILEND, INC. 3 5.83% $17,553
    AMERICAN BANCSHARES MORTGAGE 3 6.25% $14,115
    ABSOLUTE HOME MORTGAGE CORPORATION 3 6.67% $13,144
    TOTAL MORTGAGE SERVICES, LLC 3 6.75% $11,168
    AMERICAN FINANCING CORPORATION 3 5.62% $12,243
    The Federal Savings Bank 3 6.88% $11,148
    HOMEOWNERS FINANCIAL GROUP USA, LLC 3 6.42% $12,545
    American Mortgage & Equity Consultants, Inc. 3 6.83% $13,484
    LEADERONE FINANCIAL CORPORATION 3 6.62% $8,975
    SUCCESS MORTGAGE PARTNERS, INC. 3 6.00% $15,751
    FIRST MORTGAGE COMPANY, INC. 3 6.25% $16,646
    AmeriHome Mortgage Company, LLC 3 6.50% $14,833
    WATSON MORTGAGE CORP. 3 6.92% $13,951
    CHURCHILL MORTGAGE CORPORATION 3 6.71% $13,809
    VAN DYK MORTGAGE CORPORATION 3 6.83% $12,085
    OPEN MORTGAGE, LLC 3 6.71% $13,444
    Commerce Home Mortgage, Inc. 3 6.79% $14,371
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $9,916
    GTE Federal Credit Union 2 6.44% $8,006
    Gateway First Bank 2 6.75% $12,506
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 2 6.56% $14,125
    FIRST ALLIANCE HOME MORTGAGE, LLC 2 6.00% $15,782
    MLB RESIDENTIAL LENDING, LLC 2 5.81% $10,824
    Mortgage Research Center, LLC 2 6.50% $7,303
    ENVOY MORTGAGE, LTD 2 7.00% $11,370
    NATIONS DIRECT MORTGAGE, LLC 2 7.13% $12,874
    NEW DAY FINANCIAL, LLC 2 7.46% $11,552
    COUNTRYPLACE MORTGAGE, LTD. 2 4.75% $15,746
    OCEANSIDE MORTGAGE COMPANY 2 6.25% $2,896
    CityWorth Mortgage LLC 2 5.81% $18,479
    BOND STREET MORTGAGE, LLC 2 6.94% $12,518
    PREMIER LENDING, INC. 2 7.00% $11,422
    Premium Mortgage Corporation 2 7.88% $15,344
    Prosperity Home Mortgage, LLC 2 6.75% $9,371
    READY MORTGAGE LENDERS, LLC 2 7.38% $17,791
    Bank of America 2 6.75% $13,015
    ROYAL UNITED MORTGAGE LLC 2 6.63% $15,274
    SeaTrust Mortgage Company 2 6.56% $12,444
    AXIA FINANCIAL, LLC 2 6.75% $11,589
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.63% $10,708
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 6.50% $14,680
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 6.63% $10,441
    TIDEWATER MORTGAGE SERVICES, INC. 2 6.69% $10,005
    TOP FLITE FINANCIAL, INC. 2 7.00% $14,659
    ALLIED MORTGAGE GROUP, INC. 2 6.38% $14,563
    AHL FUNDING 2 6.63% $14,221
    Advisors Mortgage Group, L.L.C. 2 6.50% $12,753
    A&D Mortgage LLC 2 6.94% $11,993
    ACOPIA, LLC 2 6.13% $18,002
    VERITAS FUNDING, LLC 2 6.50% $16,892
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.31% $21,614
    METROPLEX MORTGAGE SERVICES, INC. 1 5.99% $13,888
    The Dart Bank 1 6.75% $7,853
    CLIFFCO, INC. 1 6.25% $16,083
    ON Q FINANCIAL, INC. 1 6.25% $12,991
    MEMBER FIRST MORTGAGE, LLC 1 6.25% $10,076
    LAKE MICHIGAN CREDIT UNION 1 6.00% $9,888
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $11,338
    ACHIEVA CREDIT UNION 1 6.50% $12,054
    First Horizon Bank 1 6.75% $9,992
    Performance Financial, Inc. 1 5.88% $10,017
    PHH Mortgage Corporation 1 5.63% $14,764
    Centennial Bank 1 7.25% $6,962
    Capital Bank 1 7.25% $6,731
    CALCON MUTUAL MORTGAGE LLC 1 7.63% $10,035
    PNC Bank 1 6.63% $7,729
    POINT Mortgage 1 6.75% $13,011
    LADERA LENDING, INC. 1 5.75% $14,677
    PREMIA MORTGAGE, LLC 1 5.50% $17,573
    THE MONEY HOUSE INC. 1 5.63% $22,042
    BETTER MORTGAGE CORPORATION 1 6.50% $8,052
    AMERICAN FEDERAL MORTGAGE CORPORATION 1 6.13% $8,614
    Preston Home Loans Inc 1 6.63% $14,550
    Bell Bank 1 5.63% $11,985
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $11,577
    HOMEXPRESS MORTGAGE CORP. 1 7.13% $9,202
    BELEM SERVICING LLC 1 6.25% $13,670
    Bank of England 1 6.75% $10,279
    1ST 2ND MORTGAGE COMPANY OF N.J., INC. 1 5.62% $12,559
    GMFS LLC 1 6.13% $8,503
    BancorpSouth 1 6.63% $6,435
    GSF Mortgage Corporation 1 7.13% $7,814
    1ST FINANCIAL, INC. 1 6.50% $14,033
    Home Mortgage Alliance Corp 1 6.25% $16,782
    SFMC, LP 1 7.25% $11,124
    United Community Bank 1 6.25% $10,255
    INTERSTATE HOME LOAN CENTER, INC. 1 6.75% $16,383
    AmRes Corporation 1 6.75% $16,732
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.50% $13,454
    Ameris Bank 1 5.75% $9,671
    LOANLEADERS OF AMERICA, INC. 1 5.63% $17,027
    LIBERTY HOME MORTGAGE CORPORATION 1 7.50% $12,449
    Mid-Continent Funding, Inc. 1 7.13% $6,558
    SUMMIT FUNDING, INC. 1 6.63% $9,885
    MLD MORTGAGE INC. 1 5.38% $24,598
    MORTGAGE ACCESS CORP. 1 5.25% $12,122
    Fifth Third Bank 1 6.50% $9,328
    MORTGAGE INVESTORS GROUP, INC. 1 5.25% $12,802
    FAIRWAY FUNDING GROUP, INC. 1 6.75% $10,996
    MORTGAGEONE, INC. 1 5.75% $17,615
    Summit Mortgage Corporation 1 6.25% $10,583
    First-Citizens Bank & Trust Company 1 5.88% $11,814
    GVC MORTGAGE, INC. 1 5.50% $21,440
    ENDEAVOR CAPITAL, LLC. 1 6.25% $6,532
    MSA MORTGAGE, LLC 1 6.50% $8,317
    DIRECT MORTGAGE LOANS, LLC 1 6.75% $14,741
    FIRST COLONY MORTGAGE CORPORATION 1 6.75% $5,376
    Wells Fargo Bank 1 6.75% $14,204
    DELMAR FINANCIAL COMPANY 1 6.50% $9,607
    NATIONS RELIABLE LENDING, LLC 1 6.49% $10,797
    Credence Funding Corporation 1 6.75% $7,772
    NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $28,289
    First Palmetto Bank 1 6.63% $9,030
    TD Bank 1 6.63% $9,754
    NEXERA HOLDING LLC 1 5.25% $12,235
    CONTOUR MORTGAGE CORPORATION 1 6.63% $20,758
    COMMUNITY CREDIT UNION OF FLORIDA 1 6.38% $5,748
    Northpointe Bank 1 6.75% $10,889
    NORTHPOINT MORTGAGE, INC. 1 7.75% $10,422
    NORWICH COMMERCIAL GROUP, INC. 1 6.63% $16,037
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.75% $7,285

    The top Lakeland FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 867 FHA loans originated. Their average total fees are $13,956, which is $4,748 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Lakeland FHA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($6,323), VILLAGE CAPITAL MORTGAGE ($8,128), PULTE MORTGAGE LLC ($8,153), MID AMERICA MORTGAGE, INC. ($8,232) and Lakeview Community Capital, LLC ($8,802).

    The lowest rate Lakeland FHA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC (4.80%), South Pacific Financial Corporation (4.93%), EAGLE HOME MORTGAGE, LLC (4.93%), HOMEAMERICAN MORTGAGE CORPORATION (4.94%) and INSPIRE HOME LOANS INC. (4.96%).

    Lakeland FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LAKELAND-WINTER HAVEN, FL POLK 2022 $420,680 $538,650 $651,050 $809,150
    LAKELAND-WINTER HAVEN, FL POLK 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).