Lebanon FHA Loan Rates, Closing Costs & Stats

LEBANON, 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.

    Lebanon's 56 lenders originated 302 FHA loans during 2024. The total origination value was $67,280,000, with an average FHA loan value of $222,781.

    Lebanon FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Lebanon averaged 6.39% 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 $7,859.

    The average rate for the prior week (2025-03-28) was 6.79% and one month ago for the week of 2025-02-28, the average rate was 6.67%.

    The average rate one year ago was 6.79%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.91%.

    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
    CROSSCOUNTRY MORTGAGE, LLC 48 6.62% $11,441
    QUICKEN LOANS, LLC 37 6.54% $10,866
    EMM LOANS LLC 29 6.45% $10,375
    GUILD MORTGAGE COMPANY 10 6.23% $10,438
    NEWREZ LLC 10 6.64% $10,480
    PENNYMAC LOAN SERVICES, LLC 8 6.33% $10,861
    UNITED WHOLESALE MORTGAGE, LLC 8 6.02% $14,603
    BROKER SOLUTIONS, INC. 8 6.95% $13,335
    LOANDEPOT.COM, LLC 8 6.62% $11,469
    Mortgage America, Inc. 7 6.70% $10,100
    FREEDOM MORTGAGE CORPORATION 5 6.83% $13,767
    FIRST ALLIANCE HOME MORTGAGE, LLC 5 6.92% $9,966
    RADIUS FINANCIAL GROUP INC. 5 6.57% $9,212
    SUCCESS MORTGAGE PARTNERS, INC. 4 6.16% $9,767
    M&T Bank 4 6.56% $12,852
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.38% $9,704
    MOVEMENT MORTGAGE, LLC 4 6.63% $14,689
    Equity Prime Mortgage LLC 3 6.42% $12,400
    Fulton Bank 3 6.04% $8,532
    Homesale Mortgage, LLC 3 6.92% $12,654
    CMG MORTGAGE, INC. 3 7.58% $8,356
    MEMBERS 1ST FEDERAL CREDIT UNION 3 6.17% $7,934
    HOWARD HANNA FINANCIAL SERVICES, INC. 3 6.67% $8,199
    Mr. Cooper ( Nationstar Mortgage ) 3 6.08% $13,485
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.54% $12,581
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.56% $7,595
    ALLIED MORTGAGE GROUP, INC. 2 6.56% $9,222
    AMERICAN FINANCIAL NETWORK, INC. 2 6.19% $13,662
    AMERICAN FINANCING CORPORATION 2 5.69% $13,754
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.38% $15,827
    First National Bank of Pennsylvania 2 6.50% $9,563
    LAKEVIEW LOAN SERVICING, LLC 2 6.75% $11,747
    LOANPAL, LLC 2 6.63% $8,633
    SUN WEST MORTGAGE COMPANY, INC. 2 5.06% $20,626
    TIDEWATER MORTGAGE SERVICES, INC. 2 6.88% $9,311
    York Traditions Bank 2 6.56% $9,505
    Customers Bank 1 6.00% $7,044
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.13% $8,567
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.99% $8,636
    Commerce Home Mortgage, Inc. 1 6.63% $16,101
    Orrstown Bank 1 6.38% $6,287
    Century Mortgage Company DBA Century Lending Company 1 7.25% $10,131
    Plains Commerce Bank 1 6.63% $11,024
    PNC Bank 1 7.13% $8,673
    Prosperity Home Mortgage, LLC 1 5.63% $10,603
    Carrington Mortgage Services, LLC 1 6.63% $17,731
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.75% $9,249
    RELIANCE FIRST CAPITAL, LLC 1 6.88% $17,983
    Sierra Pacific Mortgage Company, Inc. 1 5.75% $12,068
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $11,828
    Wells Fargo Bank 1 6.13% $12,346
    ZILLOW HOME LOANS, LLC 1 5.88% $20,252
    Acre Mortgage and Financial Inc 1 7.13% $16,993
    MILEND, INC. 1 6.25% $16,566
    GUARANTEED RATE, INC. 1 7.75% $8,332
    Flagstar Bank, FSB 1 5.97% $10,663

    The top Lebanon FHA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 48 FHA loans originated. Their average total fees are $11,441, which is $575 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Lebanon FHA lenders (with over 10 loans originated) are EMM LOANS LLC ($10,375), GUILD MORTGAGE COMPANY ($10,438), NEWREZ LLC ($10,480), QUICKEN LOANS, LLC ($10,866) and CROSSCOUNTRY MORTGAGE, LLC ($11,441).

    The lowest rate Lebanon FHA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (6.23%), EMM LOANS LLC (6.45%), QUICKEN LOANS, LLC (6.54%), CROSSCOUNTRY MORTGAGE, LLC (6.62%) and NEWREZ LLC (6.64%).

    Lebanon FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LEBANON, PA LEBANON 2022 $420,680 $538,650 $651,050 $809,150
    LEBANON, PA LEBANON 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lebanon (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 $199,800 (-2.1%) $223,202 (0.7%) 0.74 465
    2018-02-01 $203,560 (0.5%) $223,328 (1.0%) 0.74 459
    2018-03-01 $222,900 (7.7%) $243,081 (6.2%) 0.78 437
    2018-04-01 $218,300 (4.0%) $247,799 (6.4%) 0.74 453
    2018-05-01 $220,000 (4.5%) $255,247 (10.9%) 0.73 450
    2018-06-01 $224,900 (7.2%) $261,143 (13.4%) 0.75 464
    2018-07-01 $227,550 (7.9%) $264,552 (15.3%) 0.76 448
    2018-08-01 $241,998 (15.2%) $269,697 (18.7%) 0.81 414
    2018-09-01 $244,900 (16.6%) $270,133 (17.5%) 0.82 419
    2018-10-01 $241,345 (14.7%) $265,116 (16.9%) 0.82 410
    2018-11-01 $229,900 (15.0%) $252,692 (12.5%) 0.78 413
    2018-12-01 $218,000 (9.1%) $249,524 (10.2%) 0.75 395
    2019-01-01 $213,950 (7.1%) $247,518 (10.9%) 0.74 360
    2019-02-01 $230,448 (13.2%) $264,013 (18.2%) 0.78 338
    2019-03-01 $236,761 (6.2%) $262,780 (8.1%) 0.77 314
    2019-04-01 $244,725 (12.1%) $258,263 (4.2%) 0.78 315
    2019-05-01 $249,700 (13.5%) $259,482 (1.7%) 0.78 306
    2019-06-01 $245,900 (9.3%) $268,584 (2.9%) 0.77 328
    2019-07-01 $246,611 (8.4%) $264,745 (0.1%) 0.77 363
    2019-08-01 $253,173 (4.6%) $268,432 (-0.5%) 0.80 353
    2019-09-01 $260,332 (6.3%) $273,582 (1.3%) 0.83 339
    2019-10-01 $264,605 (9.6%) $274,912 (3.7%) 0.85 324
    2019-11-01 $263,900 (14.8%) $273,193 (8.1%) 0.87 313
    2019-12-01 $255,556 (17.2%) $271,294 (8.7%) 0.85 291
    2020-01-01 $249,900 (16.8%) $272,976 (10.3%) 0.84 252
    2020-02-01 $258,556 (12.2%) $277,820 (5.2%) 0.85 230
    2020-03-01 $272,350 (15.0%) $287,944 (9.6%) 0.86 210
    2020-04-01 $264,228 (8.0%) $298,970 (15.8%) 0.84 192
    2020-05-01 $258,678 (3.6%) $298,985 (15.2%) 0.79 195
    2020-06-01 $252,114 (2.5%) $293,575 (9.3%) 0.74 201
    2020-07-01 $256,175 (3.9%) $303,547 (14.7%) 0.75 177
    2020-08-01 $247,300 (-2.3%) $297,896 (11.0%) 0.71 155
    2020-09-01 $251,250 (-3.5%) $294,152 (7.5%) 0.72 158
    2020-10-01 $248,900 (-5.9%) $288,333 (4.9%) 0.71 147
    2020-11-01 $254,656 (-3.5%) $288,210 (5.5%) 0.75 127
    2020-12-01 $219,225 (-14.2%) $282,711 (4.2%) 0.66 109
    2021-01-01 $269,950 (8.0%) $316,282 (15.9%) 0.82 94
    2021-02-01 $282,065 (9.1%) $362,713 (30.6%) 0.82 74
    2021-03-01 $250,000 (-8.2%) $338,438 (17.5%) 0.71 80
    2021-04-01 $277,175 (4.9%) $346,326 (15.8%) 0.75 69
    2021-05-01 $250,500 (-3.2%) $315,245 (5.4%) 0.67 81
    2021-06-01 $238,175 (-5.5%) $292,196 (-0.5%) 0.63 111
    2021-07-01 $206,000 (-19.6%) $275,135 (-9.4%) 0.56 119
    2021-08-01 $210,405 (-14.9%) $259,506 (-12.9%) 0.57 138
    2021-09-01 $224,900 (-10.5%) $290,557 (-1.2%) 0.60 130
    2021-10-01 $220,000 (-11.6%) $294,432 (2.1%) 0.59 135
    2021-11-01 $233,625 (-8.3%) $301,578 (4.6%) 0.63 119
    2021-12-01 $243,725 (11.2%) $310,367 (9.8%) 0.67 101
    2022-01-01 $269,900 (0.0%) $330,990 (4.7%) 0.73 80
    2022-02-01 $264,950 (-6.1%) $338,432 (-6.7%) 0.69 72
    2022-03-01 $296,325 (18.5%) $342,994 (1.4%) 0.74 79
    2022-04-01 $337,450 (21.8%) $384,382 (11.0%) 0.80 84
    2022-05-01 $315,925 (26.1%) $379,538 (20.4%) 0.72 100
    2022-06-01 $299,950 (25.9%) $378,755 (29.6%) 0.67 115
    2022-07-01 $291,450 (41.5%) $351,234 (27.7%) 0.66 124
    2022-08-01 $295,000 (40.2%) $350,294 (35.0%) 0.68 131
    2022-09-01 $325,950 (44.9%) $351,295 (20.9%) 0.76 147
    2022-10-01 $349,163 (58.7%) $349,992 (18.9%) 0.82 151
    2022-11-01 $344,123 (47.3%) $348,090 (15.4%) 0.83 144
    2022-12-01 $366,450 (50.4%) $366,437 (18.1%) 0.90 111
    2023-01-01 $389,875 (44.5%) $384,889 (16.3%) 0.97 101
    2023-02-01 $376,178 (42.0%) $361,707 (6.9%) 0.91 115
    2023-03-01 $371,900 (25.5%) $354,939 (3.5%) 0.88 120
    2023-04-01 $379,900 (12.6%) $397,696 (3.5%) 0.88 126
    2023-05-01 $384,750 (21.8%) $429,681 (13.2%) 0.87 135
    2023-06-01 $387,000 (29.0%) $421,732 (11.4%) 0.87 144
    2023-07-01 $380,950 (30.7%) $416,746 (18.7%) 0.87 136
    2023-08-01 $387,500 (31.4%) $418,290 (19.4%) 0.89 141
    2023-09-01 $372,400 (14.3%) $388,150 (10.5%) 0.87 145
    2023-10-01 $368,445 (5.5%) $375,810 (7.4%) 0.87 146
    2023-11-01 $366,741 (6.6%) $363,370 (4.4%) 0.87 145
    2023-12-01 $370,000 (1.0%) $368,483 (0.6%) 0.00 155
    2024-01-01 $369,698 (-5.2%) $368,695 (-4.2%) 0.00 152
    2024-02-01 $371,969 (-1.1%) $375,530 (3.8%) 0.00 159
    2024-03-01 $373,600 (0.5%) $385,674 (8.7%) 0.00 163
    2024-04-01 $390,400 (2.8%) $411,028 (3.4%) 0.00 172
    2024-05-01 $392,100 (1.9%) $410,471 (-4.5%) 0.00 179
    2024-06-01 $397,400 (2.7%) $416,625 (-1.2%) 0.00 194
    2024-07-01 $394,075 (3.5%) $416,621 (0.0%) 0.00 215
    2024-08-01 $400,000 (3.2%) $426,936 (2.1%) 0.00 199
    2024-09-01 $408,900 (9.8%) $428,151 (10.3%) 0.00 212
    2024-10-01 $387,450 (5.2%) $404,993 (7.8%) 0.00 239
    2024-11-01 $375,000 (2.3%) $403,180 (11.0%) 0.00 241
    2024-12-01 $371,425 (0.4%) $412,595 (12.0%) 0.00 201
    2025-01-01 $377,750 (2.2%) $408,002 (10.7%) 0.00 203
    2025-02-01 $394,950 (6.2%) $409,272 (9.0%) 0.00 177
    2025-03-01 $379,175 (1.5%) $394,740 (2.4%) 0.00 185
    Lebanon's median listing price for 2025-03-01 was $379,175, a difference of $5,575 (1.5%) versus the prior year and $-15,775 versus the prior month.

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

    Lebanon's average listing price for 2025-03-01 was $394,740, a difference of $9,066 (2.4%) versus the prior year and $-14,532 versus the prior month.

    For the 2025-03-01 period, Lebanon had 185 MLS listings, a difference of 8 listings (5%) versus the prior month and 22 listings (13%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lebanon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 84 days 1,715 sqft
    2018-02-01 91 days 1,708 sqft
    2018-03-01 75 days 1,793 sqft
    2018-04-01 57 days 1,756 sqft
    2018-05-01 52 days 1,761 sqft
    2018-06-01 61 days 1,933 sqft
    2018-07-01 65 days 1,964 sqft
    2018-08-01 64 days 1,965 sqft
    2018-09-01 63 days 1,972 sqft
    2018-10-01 69 days 1,936 sqft
    2018-11-01 73 days 1,904 sqft
    2018-12-01 79 days 1,893 sqft
    2019-01-01 84 days 1,889 sqft
    2019-02-01 100 days 1,902 sqft
    2019-03-01 71 days 1,903 sqft
    2019-04-01 34 days 1,904 sqft
    2019-05-01 39 days 1,870 sqft
    2019-06-01 42 days 1,893 sqft
    2019-07-01 43 days 1,885 sqft
    2019-08-01 48 days 1,946 sqft
    2019-09-01 54 days 2,020 sqft
    2019-10-01 59 days 2,077 sqft
    2019-11-01 62 days 2,078 sqft
    2019-12-01 67 days 2,048 sqft
    2020-01-01 67 days 2,045 sqft
    2020-02-01 63 days 2,040 sqft
    2020-03-01 52 days 2,011 sqft
    2020-04-01 65 days 2,011 sqft
    2020-05-01 74 days 1,982 sqft
    2020-06-01 37 days 2,024 sqft
    2020-07-01 39 days 2,031 sqft
    2020-08-01 38 days 1,984 sqft
    2020-09-01 27 days 1,876 sqft
    2020-10-01 43 days 1,818 sqft
    2020-11-01 45 days 1,901 sqft
    2020-12-01 50 days 1,715 sqft
    2021-01-01 57 days 1,770 sqft
    2021-02-01 53 days 1,959 sqft
    2021-03-01 32 days 1,812 sqft
    2021-04-01 27 days 1,850 sqft
    2021-05-01 28 days 1,826 sqft
    2021-06-01 22 days 1,769 sqft
    2021-07-01 30 days 1,542 sqft
    2021-08-01 33 days 1,560 sqft
    2021-09-01 32 days 1,629 sqft
    2021-10-01 34 days 1,621 sqft
    2021-11-01 39 days 1,668 sqft
    2021-12-01 47 days 1,637 sqft
    2022-01-01 56 days 1,712 sqft
    2022-02-01 37 days 1,773 sqft
    2022-03-01 36 days 1,796 sqft
    2022-04-01 32 days 1,931 sqft
    2022-05-01 21 days 1,879 sqft
    2022-06-01 26 days 1,924 sqft
    2022-07-01 31 days 1,830 sqft
    2022-08-01 35 days 1,812 sqft
    2022-09-01 30 days 1,877 sqft
    2022-10-01 38 days 1,871 sqft
    2022-11-01 48 days 1,847 sqft
    2022-12-01 65 days 1,924 sqft
    2023-01-01 88 days 1,933 sqft
    2023-02-01 51 days 1,822 sqft
    2023-03-01 49 days 1,807 sqft
    2023-04-01 55 days 1,940 sqft
    2023-05-01 43 days 1,995 sqft
    2023-06-01 50 days 1,998 sqft
    2023-07-01 65 days 1,970 sqft
    2023-08-01 59 days 1,959 sqft
    2023-09-01 36 days 1,896 sqft
    2023-10-01 43 days 1,903 sqft
    2023-11-01 42 days 1,888 sqft
    2023-12-01 0 days 1,874 sqft
    2024-01-01 0 days 1,909 sqft
    2024-02-01 0 days 1,913 sqft
    2024-03-01 0 days 1,940 sqft
    2024-04-01 0 days 2,028 sqft
    2024-05-01 0 days 1,974 sqft
    2024-06-01 0 days 1,905 sqft
    2024-07-01 0 days 1,880 sqft
    2024-08-01 0 days 1,887 sqft
    2024-09-01 0 days 1,905 sqft
    2024-10-01 0 days 1,890 sqft
    2024-11-01 0 days 1,834 sqft
    2024-12-01 0 days 1,897 sqft
    2025-01-01 0 days 1,886 sqft
    2025-02-01 0 days 1,854 sqft
    2025-03-01 0 days 1,853 sqft
    Lebanon's median listing age (time on market) for 2025-03-01 was 0 days.

    Lebanon's median square footage for active listings during the 2025-03-01 period was 1,853 sqft. One year prior, the average listing was 1,940 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).