Lock Haven FHA Loan Rates, Closing Costs & Stats

Lock Haven, PA

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.

Lock Haven's 19 lenders originated 68 FHA loans during 2024. The total origination value was $13,440,000, with an average FHA loan value of $197,647.

Lock Haven FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Lock Haven averaged 6.08% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

Lock Haven's average FHA mortgage closing costs are $7,224.

The average rate for the prior week (2025-03-28) was 6.18% and one month ago for the week of 2025-02-28, the average rate was 6.56%.

The average rate one year ago was 6.68%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.16%.

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

Lock Haven 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 Lock Haven level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Century Mortgage Company DBA Century Lending Company 14 6.23% $9,761
QUICKEN LOANS, LLC 10 6.53% $10,160
NEWREZ LLC 7 6.73% $8,281
UNITED WHOLESALE MORTGAGE, LLC 6 5.73% $12,439
Blue Ridge Bank 3 6.21% $8,416
Flagstar Bank, FSB 3 6.50% $7,857
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 5.92% $9,709
GUILD MORTGAGE COMPANY 2 7.13% $8,905
AMERISAVE MORTGAGE CORPORATION 2 6.19% $10,037
FREEDOM MORTGAGE CORPORATION 2 6.94% $5,920
MYCUMORTGAGE, LLC 2 6.50% $6,516
M&T Bank 1 7.63% $5,034
First Commonwealth Bank 1 7.25% $3,979
AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.75% $8,849
PENNYMAC LOAN SERVICES, LLC 1 5.99% $7,954
First National Bank of Pennsylvania 1 5.63% $7,444
Prosperity Home Mortgage, LLC 1 6.12% $8,334
FIRST HERITAGE FINANCIAL, LLC 1 6.63% $7,094
Mortgage Research Center, LLC 1 7.25% $4,735

The top Lock Haven FHA lender as defined by loan originations is Century Mortgage Company DBA Century Lending Company, with 14 FHA loans originated. Their average total fees are $9,761, which is $399 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Lock Haven FHA lenders (with over 10 loans originated) are Century Mortgage Company DBA Century Lending Company ($9,761), QUICKEN LOANS, LLC ($10,160), .

The lowest rate Lock Haven FHA lenders (with over 10 loans originated) are Century Mortgage Company DBA Century Lending Company (6.23%), QUICKEN LOANS, LLC (6.53%), .

Lock Haven FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Lock Haven (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 $155,000 (8.0%) $183,913 (10.0%) 0.00 120
2018-02-01 $152,075 (1.6%) $180,294 (-9.1%) 0.00 120
2018-03-01 $153,100 (8.4%) $182,771 (-0.9%) 0.00 115
2018-04-01 $153,000 (1.4%) $186,627 (-0.8%) 0.00 120
2018-05-01 $152,000 (-0.3%) $187,046 (-2.7%) 0.00 128
2018-06-01 $139,900 (-14.9%) $182,821 (-10.7%) 0.00 138
2018-07-01 $149,600 (-7.9%) $186,681 (-9.4%) 0.00 138
2018-08-01 $147,500 (-1.6%) $183,456 (-8.0%) 0.00 140
2018-09-01 $140,000 (-6.6%) $176,351 (-3.8%) 0.00 142
2018-10-01 $139,900 (-12.0%) $178,033 (-6.9%) 0.00 150
2018-11-01 $139,600 (-7.3%) $175,716 (-7.6%) 0.00 156
2018-12-01 $134,900 (-10.1%) $166,477 (-8.4%) 0.00 147
2019-01-01 $133,200 (-14.1%) $174,248 (-5.3%) 0.00 131
2019-02-01 $139,700 (-8.1%) $180,613 (0.2%) 0.00 122
2019-03-01 $136,686 (-10.7%) $181,008 (-1.0%) 0.00 112
2019-04-01 $134,186 (-12.3%) $175,993 (-5.7%) 0.00 111
2019-05-01 $138,800 (-8.7%) $181,545 (-2.9%) 0.00 122
2019-06-01 $145,900 (4.3%) $198,086 (8.4%) 0.00 122
2019-07-01 $142,400 (-4.8%) $195,180 (4.6%) 0.00 130
2019-08-01 $140,364 (-4.8%) $191,034 (4.1%) 0.00 142
2019-09-01 $142,409 (1.7%) $187,029 (6.1%) 0.00 142
2019-10-01 $144,250 (3.1%) $185,966 (4.5%) 0.00 141
2019-11-01 $139,900 (0.2%) $187,726 (6.8%) 0.00 133
2019-12-01 $139,900 (3.7%) $181,327 (8.9%) 0.00 120
2020-01-01 $137,000 (2.9%) $178,028 (2.2%) 0.00 114
2020-02-01 $123,000 (-12.0%) $170,096 (-5.8%) 0.00 109
2020-03-01 $129,675 (-5.1%) $166,942 (-7.8%) 0.00 103
2020-04-01 $129,900 (-3.2%) $166,011 (-5.7%) 0.00 100
2020-05-01 $130,000 (-6.3%) $170,191 (-6.3%) 0.00 97
2020-06-01 $140,950 (-3.4%) $188,904 (-4.6%) 0.00 99
2020-07-01 $139,900 (-1.8%) $185,513 (-5.0%) 0.00 102
2020-08-01 $149,000 (6.2%) $188,611 (-1.3%) 0.00 97
2020-09-01 $128,972 (-9.4%) $170,783 (-8.7%) 0.00 91
2020-10-01 $127,450 (-11.7%) $164,741 (-11.4%) 0.00 88
2020-11-01 $139,900 (0.0%) $176,047 (-6.2%) 0.00 91
2020-12-01 $144,900 (3.6%) $177,373 (-2.2%) 0.00 81
2021-01-01 $139,200 (1.6%) $190,172 (6.8%) 0.00 60
2021-02-01 $147,400 (19.8%) $203,643 (19.7%) 0.00 56
2021-03-01 $148,650 (14.6%) $195,282 (17.0%) 0.00 52
2021-04-01 $162,450 (25.1%) $202,265 (21.8%) 0.00 45
2021-05-01 $199,950 (53.8%) $225,188 (32.3%) 0.00 38
2021-06-01 $206,950 (46.8%) $229,689 (21.6%) 0.00 50
2021-07-01 $189,000 (35.1%) $226,024 (21.8%) 0.00 53
2021-08-01 $174,900 (17.4%) $228,364 (21.1%) 0.00 61
2021-09-01 $165,975 (28.7%) $230,228 (34.8%) 0.00 61
2021-10-01 $179,900 (41.2%) $239,014 (45.1%) 0.00 64
2021-11-01 $160,875 (15.0%) $216,099 (22.8%) 0.00 63
2021-12-01 $152,450 (5.2%) $208,626 (17.6%) 0.00 56
2022-01-01 $149,900 (7.7%) $204,646 (7.6%) 0.00 49
2022-02-01 $146,300 (-0.8%) $204,377 (0.4%) 0.00 48
2022-03-01 $169,900 (14.3%) $231,483 (18.5%) 0.00 44
2022-04-01 $175,000 (7.7%) $223,044 (10.3%) 0.00 41
2022-05-01 $196,500 (-1.7%) $242,829 (7.8%) 0.00 49
2022-06-01 $184,925 (-10.6%) $248,436 (8.2%) 0.00 47
2022-07-01 $189,950 (0.5%) $264,463 (17.0%) 0.00 57
2022-08-01 $191,575 (9.5%) $259,482 (13.6%) 0.00 63
2022-09-01 $183,100 (10.3%) $249,963 (8.6%) 0.00 65
2022-10-01 $204,250 (13.5%) $254,318 (6.4%) 0.00 52
2022-11-01 $200,250 (24.5%) $259,373 (20.0%) 0.00 56
2022-12-01 $195,500 (28.2%) $257,905 (23.6%) 0.00 48
2023-01-01 $172,450 (15.0%) $251,001 (22.7%) 0.00 38
2023-02-01 $173,625 (18.7%) $247,013 (20.9%) 0.00 40
2023-03-01 $200,900 (18.3%) $263,198 (13.7%) 0.00 35
2023-04-01 $205,200 (17.3%) $252,055 (13.0%) 0.00 43
2023-05-01 $199,675 (1.6%) $224,384 (-7.6%) 0.00 43
2023-06-01 $199,925 (8.1%) $218,305 (-12.1%) 0.00 46
2023-07-01 $199,900 (5.2%) $232,938 (-11.9%) 0.00 47
2023-08-01 $236,150 (23.3%) $273,116 (5.3%) 0.00 49
2023-09-01 $238,600 (30.3%) $299,861 (20.0%) 0.00 56
2023-10-01 $239,700 (17.4%) $303,449 (19.3%) 0.00 56
2023-11-01 $219,900 (9.8%) $274,686 (5.9%) 0.00 61
2023-12-01 $199,000 (1.8%) $252,783 (-2.0%) 0.00 58
2024-01-01 $193,425 (12.2%) $245,972 (-2.0%) 0.00 54
2024-02-01 $207,400 (19.5%) $272,239 (10.2%) 0.00 49
2024-03-01 $190,000 (-5.4%) $255,818 (-2.8%) 0.00 54
2024-04-01 $184,950 (-9.9%) $253,094 (0.4%) 0.00 52
2024-05-01 $200,925 (0.6%) $264,145 (17.7%) 0.00 60
2024-06-01 $224,950 (12.5%) $268,246 (22.9%) 0.00 54
2024-07-01 $249,900 (25.0%) $288,741 (24.0%) 0.00 53
2024-08-01 $249,995 (5.9%) $318,849 (16.7%) 0.00 70
2024-09-01 $245,000 (2.7%) $302,344 (0.8%) 0.00 88
2024-10-01 $242,000 (1.0%) $272,844 (-10.1%) 0.00 87
2024-11-01 $229,900 (4.6%) $262,999 (-4.3%) 0.00 82
2024-12-01 $228,999 (15.1%) $251,499 (-0.5%) 0.00 68
2025-01-01 $232,400 (20.2%) $252,518 (2.7%) 0.00 58
2025-02-01 $223,725 (7.9%) $257,413 (-5.5%) 0.00 62
2025-03-01 $225,000 (18.4%) $253,217 (-1.0%) 0.00 69
Lock Haven's median listing price for 2025-03-01 was $225,000, a difference of $35,000 (18.4%) versus the prior year and $1,275 versus the prior month.

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

Lock Haven's average listing price for 2025-03-01 was $253,217, a difference of $-2,601 (-1.0%) versus the prior year and $-4,196 versus the prior month.

For the 2025-03-01 period, Lock Haven had 69 MLS listings, a difference of 7 listings (11%) versus the prior month and 15 listings (28%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lock Haven (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,917 sqft
2018-02-01 0 days 1,793 sqft
2018-03-01 0 days 1,589 sqft
2018-04-01 0 days 1,678 sqft
2018-05-01 0 days 1,761 sqft
2018-06-01 0 days 1,768 sqft
2018-07-01 0 days 1,756 sqft
2018-08-01 0 days 1,817 sqft
2018-09-01 0 days 1,761 sqft
2018-10-01 0 days 1,785 sqft
2018-11-01 0 days 1,799 sqft
2018-12-01 0 days 1,761 sqft
2019-01-01 0 days 1,758 sqft
2019-02-01 0 days 1,760 sqft
2019-03-01 0 days 1,743 sqft
2019-04-01 0 days 1,725 sqft
2019-05-01 0 days 1,754 sqft
2019-06-01 0 days 1,800 sqft
2019-07-01 0 days 1,716 sqft
2019-08-01 0 days 1,679 sqft
2019-09-01 0 days 1,651 sqft
2019-10-01 0 days 1,646 sqft
2019-11-01 0 days 1,640 sqft
2019-12-01 0 days 1,639 sqft
2020-01-01 0 days 1,635 sqft
2020-02-01 0 days 1,608 sqft
2020-03-01 0 days 1,646 sqft
2020-04-01 0 days 1,681 sqft
2020-05-01 0 days 1,660 sqft
2020-06-01 0 days 1,662 sqft
2020-07-01 0 days 1,701 sqft
2020-08-01 0 days 1,723 sqft
2020-09-01 0 days 1,643 sqft
2020-10-01 0 days 1,646 sqft
2020-11-01 0 days 1,696 sqft
2020-12-01 0 days 1,815 sqft
2021-01-01 0 days 1,780 sqft
2021-02-01 0 days 1,807 sqft
2021-03-01 0 days 1,789 sqft
2021-04-01 0 days 1,807 sqft
2021-05-01 0 days 1,800 sqft
2021-06-01 0 days 1,870 sqft
2021-07-01 0 days 1,750 sqft
2021-08-01 0 days 1,809 sqft
2021-09-01 0 days 1,803 sqft
2021-10-01 0 days 1,862 sqft
2021-11-01 0 days 1,764 sqft
2021-12-01 0 days 1,776 sqft
2022-01-01 0 days 1,660 sqft
2022-02-01 0 days 1,652 sqft
2022-03-01 0 days 1,759 sqft
2022-04-01 0 days 1,644 sqft
2022-05-01 0 days 1,742 sqft
2022-06-01 0 days 1,751 sqft
2022-07-01 0 days 1,840 sqft
2022-08-01 0 days 1,758 sqft
2022-09-01 0 days 1,734 sqft
2022-10-01 0 days 1,729 sqft
2022-11-01 0 days 1,722 sqft
2022-12-01 0 days 1,781 sqft
2023-01-01 0 days 1,667 sqft
2023-02-01 0 days 1,728 sqft
2023-03-01 0 days 1,729 sqft
2023-04-01 0 days 1,763 sqft
2023-05-01 0 days 1,692 sqft
2023-06-01 0 days 1,746 sqft
2023-07-01 0 days 1,729 sqft
2023-08-01 0 days 1,756 sqft
2023-09-01 0 days 1,755 sqft
2023-10-01 0 days 1,887 sqft
2023-11-01 0 days 1,789 sqft
2023-12-01 0 days 1,741 sqft
2024-01-01 0 days 1,692 sqft
2024-02-01 0 days 1,692 sqft
2024-03-01 0 days 1,687 sqft
2024-04-01 0 days 1,696 sqft
2024-05-01 0 days 1,789 sqft
2024-06-01 0 days 1,725 sqft
2024-07-01 0 days 1,844 sqft
2024-08-01 0 days 1,926 sqft
2024-09-01 0 days 1,819 sqft
2024-10-01 0 days 1,765 sqft
2024-11-01 0 days 1,722 sqft
2024-12-01 0 days 1,689 sqft
2025-01-01 0 days 1,676 sqft
2025-02-01 0 days 1,612 sqft
2025-03-01 0 days 1,602 sqft
Lock Haven's median listing age (time on market) for 2025-03-01 was 0 days.

Lock Haven's median square footage for active listings during the 2025-03-01 period was 1,602 sqft. One year prior, the average listing was 1,687 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).