Lebanon FHA Loan Rates, Closing Costs & Stats

Lebanon, NH-VT

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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.

    Lebanon's 53 lenders originated 266 FHA loans during 2024. The total origination value was $68,040,000, with an average FHA loan value of $255,789.

    Lebanon FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Lebanon averaged 6.53% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Lebanon's average FHA mortgage closing costs are $7,928.

    The average rate for the prior week (2025-03-28) was 6.62% and one month ago for the week of 2025-02-28, the average rate was 6.91%.

    The average rate one year ago was 6.73%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.4%.

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

    Lebanon 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 Lebanon level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 48 6.36% $11,345
    EMM LOANS LLC 25 6.35% $10,955
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 6.75% $10,097
    CMG MORTGAGE, INC. 13 7.22% $9,248
    UNITED WHOLESALE MORTGAGE, LLC 13 6.26% $12,986
    FREEDOM MORTGAGE CORPORATION 10 6.35% $12,330
    BROKER SOLUTIONS, INC. 8 6.88% $11,483
    CROSSCOUNTRY MORTGAGE, LLC 7 6.47% $12,779
    GUILD MORTGAGE COMPANY 6 6.38% $8,677
    PENNYMAC LOAN SERVICES, LLC 5 6.05% $10,722
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 7.03% $10,918
    MOVEMENT MORTGAGE, LLC 4 6.75% $12,129
    NORTHPOINT MORTGAGE, INC. 4 6.53% $11,198
    Equity Prime Mortgage LLC 4 7.13% $11,490
    Mortgage Research Center, LLC 3 6.46% $7,366
    EVERETT FINANCIAL, INC. 3 6.63% $13,610
    HARBORONE MORTGAGE, LLC 3 7.04% $11,265
    Waterstone Mortgage Corporation 3 7.46% $9,384
    LAKEVIEW LOAN SERVICING, LLC 3 6.25% $8,885
    LOANDEPOT.COM, LLC 3 5.95% $12,762
    MUTUAL OF OMAHA MORTGAGE, INC. 2 7.00% $9,004
    POLARIS HOME FUNDING CORP. 2 6.81% $12,176
    MEMBER FIRST MORTGAGE, LLC 2 7.00% $8,721
    BAY EQUITY LLC 2 6.50% $12,407
    Mr. Cooper ( Nationstar Mortgage ) 2 6.06% $10,225
    MORTGAGE EQUITY PARTNERS LLC 2 6.81% $10,010
    AMERISAVE MORTGAGE CORPORATION 2 6.63% $16,049
    Carrington Mortgage Services, LLC 2 6.38% $13,280
    NEWREZ LLC 2 6.50% $10,188
    Union Bank 2 5.88% $9,316
    RELIANCE FIRST CAPITAL, LLC 1 5.88% $20,094
    AMERICAN FINANCING CORPORATION 1 6.13% $8,112
    American Mortgage & Equity Consultants, Inc. 1 6.75% $11,187
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.13% $15,844
    Bank of England 1 7.13% $13,221
    CARDINAL FINANCIAL 1 7.25% $11,616
    EMBRACE HOME LOANS, INC. 1 7.25% $11,218
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $12,019
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $14,424
    GUARANTEED RATE, INC. 1 6.49% $8,203
    Home Loan Investment Bank, F.S.B. 1 6.75% $9,287
    Lakeview Community Capital, LLC 1 7.25% $6,591
    M&T Bank 1 6.13% $11,610
    Nations Lending Corporation 1 6.75% $22,284
    NORWICH COMMERCIAL GROUP, INC. 1 7.13% $10,564
    PENTAGON FEDERAL CREDIT UNION 1 5.25% $11,614
    PLAZA HOME MORTGAGE, INC. 1 6.75% $15,328
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.50% $10,755
    Prosperity Home Mortgage, LLC 1 6.75% $12,766
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $5,843
    SUN WEST MORTGAGE COMPANY, INC. 1 6.50% $9,873
    The Federal Savings Bank 1 6.13% $21,074
    VILLAGE CAPITAL MORTGAGE 1 6.25% $4,105

    The top Lebanon FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 48 FHA loans originated. Their average total fees are $11,345, which is $391 higher than the next largest lender, EMM LOANS LLC.

    The lowest fee Lebanon FHA lenders (with over 10 loans originated) are CMG MORTGAGE, INC. ($9,248), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($10,097), EMM LOANS LLC ($10,955), QUICKEN LOANS, LLC ($11,345) and FREEDOM MORTGAGE CORPORATION ($12,330).

    The lowest rate Lebanon FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.26%), EMM LOANS LLC (6.35%), FREEDOM MORTGAGE CORPORATION (6.35%), QUICKEN LOANS, LLC (6.36%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.75%).

    Lebanon FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LEBANON, NH-VT GRAFTON 2022 $420,680 $538,650 $651,050 $809,150
    LEBANON, NH-VT SULLIVAN 2022 $420,680 $538,650 $651,050 $809,150
    LEBANON, NH-VT ORANGE 2022 $420,680 $538,650 $651,050 $809,150
    LEBANON, NH-VT WINDSOR 2022 $420,680 $538,650 $651,050 $809,150
    LEBANON, NH-VT GRAFTON 2023 $472,030 $604,400 $730,525 $907,900
    LEBANON, NH-VT SULLIVAN 2023 $472,030 $604,400 $730,525 $907,900
    LEBANON, NH-VT ORANGE 2023 $472,030 $604,400 $730,525 $907,900
    LEBANON, NH-VT WINDSOR 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).