Lock Haven FHA Loan Rates, Closing Costs & Stats

Lock Haven, 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.

    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).