Louisville FHA Loan Rates, Closing Costs & Stats

LOUISVILLE, KY

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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.

    Louisville's 159 lenders originated 4,241 FHA loans during 2024. The total origination value was $1,058,905,000, with an average FHA loan value of $249,683.

    Louisville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Louisville averaged 0.03% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Louisville's average FHA mortgage closing costs are $6,893.

    The average rate for the prior week (2025-06-13) was 6.81% and one month ago for the week of 2025-05-16, the average rate was 6.97%.

    The average rate one year ago was 6.73%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.22%.

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

    Louisville 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 Louisville level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 469 6.39% $9,865
    QUICKEN LOANS, LLC 349 6.41% $9,937
    FREEDOM MORTGAGE CORPORATION 284 6.34% $10,747
    Northpointe Bank 197 6.38% $9,917
    STOCKTON MORTGAGE CORPORATION 161 6.56% $10,472
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 123 6.55% $9,841
    INTERLINC MORTGAGE SERVICES, LLC 97 6.75% $7,919
    VICTORY MORTGAGE, L.L.C. 92 5.54% $8,844
    Century Mortgage Company DBA Century Lending Company 89 6.53% $9,395
    RUOFF MORTGAGE COMPANY, INC. 88 6.67% $7,629
    PENNYMAC LOAN SERVICES, LLC 84 6.23% $7,781
    Magnolia Bank 76 6.39% $9,448
    Equity Prime Mortgage LLC 75 6.89% $8,670
    BROKER SOLUTIONS, INC. 74 6.88% $9,678
    VANDERBILT MORTGAGE AND FINANCE, INC. 63 5.64% $13,038
    Republic Bank & Trust Company 62 6.31% $8,178
    Stock Yards Bank & Trust Company 61 6.41% $8,434
    CROSSCOUNTRY MORTGAGE, LLC 60 6.67% $9,752
    Flagstar Bank, FSB 58 6.47% $8,683
    Paramount Residential Mortgage Group, Inc. 58 6.56% $10,673
    GUILD MORTGAGE COMPANY 53 6.70% $9,239
    ENVOY MORTGAGE, LTD 46 6.58% $11,093
    INSPIRE HOME LOANS INC. 41 5.49% $8,906
    EVERETT FINANCIAL, INC. 39 6.54% $10,865
    PULTE MORTGAGE LLC 38 5.33% $8,315
    Prosperity Home Mortgage, LLC 36 6.08% $10,204
    LOANDEPOT.COM, LLC 36 6.47% $10,374
    NEWREZ LLC 35 6.35% $10,174
    AmeriHome Mortgage Company, LLC 34 6.52% $8,075
    Fifth Third Bank 33 6.53% $6,586
    EMM LOANS LLC 32 6.44% $9,800
    AMERISAVE MORTGAGE CORPORATION 29 6.53% $11,433
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 26 6.67% $8,110
    HOMESIDE FINANCIAL, LLC 26 6.69% $9,250
    JPMorgan Chase Bank 24 6.62% $6,132
    DHI MORTGAGE COMPANY, LTD. 24 5.26% $7,159
    ENDEAVOR CAPITAL, LLC. 23 6.40% $8,577
    LAKEVIEW LOAN SERVICING, LLC 23 6.36% $7,104
    U.S. Bank 22 6.26% $7,354
    PRIMARY RESIDENTIAL MORTGAGE, INC. 22 6.66% $7,262
    Plains Commerce Bank 21 6.26% $11,490
    AMERICAN FINANCIAL RESOURCES, INC. 19 6.82% $8,134
    FAIR WAY LENDING LLC 19 6.62% $8,543
    Traditional Bank, Inc. 18 6.33% $8,532
    Mr. Cooper ( Nationstar Mortgage ) 18 6.53% $10,289
    MUTUAL OF OMAHA MORTGAGE, INC. 18 6.59% $13,545
    PLAZA HOME MORTGAGE, INC. 18 6.69% $10,937
    Carrington Mortgage Services, LLC 17 6.01% $11,419
    First Harrison Bank 17 6.59% $7,443
    EVANSVILLE TEACHERS 16 6.45% $8,961
    HOMEBRIDGE FINANCIAL SERVICES, INC. 16 6.20% $6,973
    UNION HOME MORTGAGE CORP. 16 6.57% $10,247
    SUCCESS MORTGAGE PARTNERS, INC. 14 6.37% $11,958
    WesBanco 14 6.21% $7,755
    The Loan Store, Inc. 14 6.36% $9,201
    GUARANTEED RATE, INC. 13 6.44% $8,821
    PLANET HOME LENDING, LLC 13 6.09% $6,903
    Mortgage Research Center, LLC 13 6.51% $7,295
    CARDINAL FINANCIAL 13 6.61% $9,524
    Texana Bank 12 6.38% $10,350
    THE MORTGAGE WAREHOUSE,LLC 12 6.42% $7,927
    T2 FINANCIAL LLC 10 6.74% $10,012
    AMERICAN FINANCIAL NETWORK, INC. 10 6.75% $11,639
    German American Bank 10 6.56% $7,100
    LEADERONE FINANCIAL CORPORATION 10 6.89% $7,974
    MID AMERICA MORTGAGE, INC. 10 7.24% $5,154
    Lakeview Community Capital, LLC 9 6.37% $8,478
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 8 6.33% $11,463
    Ixonia Bank 8 6.88% $10,107
    SOUTH CENTRAL BANK, INC. 8 6.20% $7,768
    First Financial Bank 8 6.48% $9,489
    NORWICH COMMERCIAL GROUP, INC. 7 6.36% $6,246
    CMG MORTGAGE, INC. 7 6.63% $13,265
    FIRST COMMUNITY MORTGAGE, INC. 7 6.34% $11,152
    LAND HOME FINANCIAL SERVICES, INC. 7 7.29% $13,228
    PNC Bank 7 6.79% $7,875
    MOVEMENT MORTGAGE, LLC 7 6.21% $9,056
    VILLAGE CAPITAL MORTGAGE 7 6.30% $7,346
    SOUTHWEST FUNDING, LP 7 7.02% $12,291
    TJC Mortgage, Inc. 6 6.52% $10,535
    UNITED MORTGAGE CORP 6 6.63% $12,502
    Guardian Savings Bank, A Federal Savings Bank 6 6.35% $8,585
    DIRECT MORTGAGE LOANS, LLC 6 5.96% $11,782
    BAY EQUITY LLC 6 6.69% $7,057
    ALLIED MORTGAGE GROUP, INC. 5 6.03% $9,855
    AMERICAN FINANCING CORPORATION 5 5.65% $10,528
    The Federal Savings Bank 5 6.58% $13,383
    Sierra Pacific Mortgage Company, Inc. 5 6.30% $8,865
    Citizens Bank 5 6.50% $8,446
    Bank of England 5 6.73% $9,558
    Nations Lending Corporation 5 6.53% $10,770
    SUN WEST MORTGAGE COMPANY, INC. 5 6.47% $9,572
    MEMBER FIRST MORTGAGE, LLC 4 6.31% $8,408
    Meridian Bank Corporation 4 7.09% $6,609
    ISERVE RESIDENTIAL LENDING, LLC 4 6.69% $8,350
    RELIANCE FIRST CAPITAL, LLC 4 7.22% $12,136
    TOP FLITE FINANCIAL, INC. 4 7.06% $9,828
    OCEANSIDE MORTGAGE COMPANY 4 6.13% $4,867
    ZILLOW HOME LOANS, LLC 3 6.33% $10,236
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.13% $13,281
    Bank of America 3 6.08% $6,173
    BETTER MORTGAGE CORPORATION 3 5.58% $10,640
    FIRST ALLIANCE HOME MORTGAGE, LLC 3 5.46% $12,833
    Forcht Bank 3 6.46% $5,825
    GENEVA FINANCIAL, LLC 3 6.67% $13,892
    LOANPAL, LLC 3 5.54% $17,757
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.08% $20,245
    POLARIS HOME FUNDING CORP. 3 6.58% $10,580
    Regions Bank 3 6.08% $6,789
    ROYAL UNITED MORTGAGE LLC 3 6.25% $12,482
    SECURITYNATIONAL MORTGAGE COMPANY 3 6.17% $7,114
    The Dart Bank 3 6.25% $6,439
    American Mortgage & Equity Consultants, Inc. 2 6.69% $11,321
    FBC MORTGAGE, LLC 2 6.94% $8,944
    Republic State Mortgage Co. 2 7.44% $10,032
    Union Savings Bank 2 6.63% $6,317
    The Huntington National Bank 2 5.56% $7,948
    NBKC BANK 2 5.75% $9,412
    RAPID MORTGAGE COMPANY 2 6.63% $11,233
    Blue Ridge Bank 2 6.50% $5,966
    PHH Mortgage Corporation 2 6.06% $13,469
    DAS Acquisition Company, LLC 2 6.94% $9,080
    COMPASS MORTGAGE, INC. 2 6.88% $10,975
    FIRST COLONY MORTGAGE CORPORATION 2 6.25% $7,863
    PREMIER LENDING, INC. 2 5.88% $11,397
    JMAC LENDING, INC. 1 6.13% $5,599
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $13,131
    Home Mortgage Alliance Corp 1 6.99% $6,151
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $5,775
    GoPrime Mortgage, Inc. 1 5.99% $6,742
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.25% $12,149
    Old National Bank 1 6.13% $7,361
    1ST SIGNATURE LENDING, LLC 1 7.25% $10,367
    The First National Bank of Middle Tennessee 1 5.63% $12,758
    EQUITY RESOURCES, INC. 1 6.63% $6,121
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.50% $9,388
    TOWNE MORTGAGE COMPANY 1 5.88% $13,119
    Commerce Home Mortgage, Inc. 1 6.50% $18,658
    Truist 1 6.70% $7,154
    CHURCHILL MORTGAGE CORPORATION 1 6.63% $17,901
    Chickasaw Community Bank 1 6.13% $9,553
    Central Bank 1 6.75% $8,371
    CANOPY MORTGAGE, LLC 1 5.50% $9,678
    Peoples Bank 1 7.13% $9,936
    PENTAGON FEDERAL CREDIT UNION 1 5.88% $8,694
    Barrington Bank & Trust Company, N.A. 1 7.25% $8,284
    First Federal Bank 1 6.63% $7,604
    MYCUMORTGAGE, LLC 1 6.75% $9,285
    MORTGAGE INVESTORS GROUP, INC. 1 6.25% $10,838
    AXIA FINANCIAL, LLC 1 6.75% $12,408
    MORIA DEVELOPMENT, INC. 1 6.88% $7,899
    Renasant Bank 1 5.63% $8,500
    MILEND, INC. 1 6.99% $12,372
    Wells Fargo Bank 1 5.88% $8,073
    MICHIGAN MUTUAL, INC. 1 7.25% $12,265
    Servion, Inc. 1 6.75% $11,133
    Loan Simple, Inc. 1 5.50% $15,794
    SIRVA MORTGAGE, INC. 1 6.50% $4,129
    LIBERTY HOME MORTGAGE CORPORATION 1 7.63% $10,128

    The top Louisville FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 469 FHA loans originated. Their average total fees are $9,865, which is $73 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Louisville FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($5,154), JPMorgan Chase Bank ($6,132), Fifth Third Bank ($6,586), PLANET HOME LENDING, LLC ($6,903) and HOMEBRIDGE FINANCIAL SERVICES, INC. ($6,973).

    The lowest rate Louisville FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.26%), PULTE MORTGAGE LLC (5.33%), INSPIRE HOME LOANS INC. (5.49%), VICTORY MORTGAGE, L.L.C. (5.54%) and VANDERBILT MORTGAGE AND FINANCE, INC. (5.64%).

    Louisville FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LOUISVILLE/JEFFERSON COUNTY, KY-IN CLARK 2022 $420,680 $538,650 $651,050 $809,150
    LOUISVILLE/JEFFERSON COUNTY, KY-IN FLOYD 2022 $420,680 $538,650 $651,050 $809,150
    LOUISVILLE/JEFFERSON COUNTY, KY-IN HARRISON 2022 $420,680 $538,650 $651,050 $809,150
    LOUISVILLE/JEFFERSON COUNTY, KY-IN WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    LOUISVILLE/JEFFERSON COUNTY, KY-IN BULLITT 2022 $420,680 $538,650 $651,050 $809,150
    LOUISVILLE/JEFFERSON COUNTY, KY-IN HENRY 2022 $420,680 $538,650 $651,050 $809,150
    LOUISVILLE/JEFFERSON COUNTY, KY-IN JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
    LOUISVILLE/JEFFERSON COUNTY, KY-IN OLDHAM 2022 $420,680 $538,650 $651,050 $809,150
    LOUISVILLE/JEFFERSON COUNTY, KY-IN SHELBY 2022 $420,680 $538,650 $651,050 $809,150
    LOUISVILLE/JEFFERSON COUNTY, KY-IN SPENCER 2022 $420,680 $538,650 $651,050 $809,150
    LOUISVILLE/JEFFERSON COUNTY, KY-IN CLARK 2023 $472,030 $604,400 $730,525 $907,900
    LOUISVILLE/JEFFERSON COUNTY, KY-IN FLOYD 2023 $472,030 $604,400 $730,525 $907,900
    LOUISVILLE/JEFFERSON COUNTY, KY-IN HARRISON 2023 $472,030 $604,400 $730,525 $907,900
    LOUISVILLE/JEFFERSON COUNTY, KY-IN WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
    LOUISVILLE/JEFFERSON COUNTY, KY-IN BULLITT 2023 $472,030 $604,400 $730,525 $907,900
    LOUISVILLE/JEFFERSON COUNTY, KY-IN HENRY 2023 $472,030 $604,400 $730,525 $907,900
    LOUISVILLE/JEFFERSON COUNTY, KY-IN JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
    LOUISVILLE/JEFFERSON COUNTY, KY-IN OLDHAM 2023 $472,030 $604,400 $730,525 $907,900
    LOUISVILLE/JEFFERSON COUNTY, KY-IN SHELBY 2023 $472,030 $604,400 $730,525 $907,900
    LOUISVILLE/JEFFERSON COUNTY, KY-IN SPENCER 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).