Mansfield FHA Loan Rates, Closing Costs & Stats

MANSFIELD, OH

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.

Mansfield's 63 lenders originated 322 FHA loans during 2024. The total origination value was $55,360,000, with an average FHA loan value of $171,925.

Mansfield FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Mansfield averaged 0.51% for the week of 2025-05-30, compared to the national average (all FHA variants) of 0% for the same period.

Mansfield's average FHA mortgage closing costs are $6,502.

The average rate for the prior week (2025-05-23) was 6.83% and one month ago for the week of 2025-04-25, the average rate was 6.93%.

The average rate one year ago was 6.95%.

For refis of the same type during the week of 2025-05-30, the average rate was 0.18%.

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

Mansfield 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 Mansfield level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
CROSSCOUNTRY MORTGAGE, LLC 50 6.71% $9,290
QUICKEN LOANS, LLC 48 6.37% $9,892
LOANDEPOT.COM, LLC 31 6.84% $8,220
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 7.15% $8,452
UNITED WHOLESALE MORTGAGE, LLC 12 6.18% $11,911
UNION HOME MORTGAGE CORP. 11 6.93% $8,956
T2 FINANCIAL LLC 7 6.80% $8,557
FREEDOM MORTGAGE CORPORATION 7 6.30% $13,557
AMERISAVE MORTGAGE CORPORATION 5 6.23% $11,952
BROKER SOLUTIONS, INC. 4 6.50% $9,520
PENNYMAC LOAN SERVICES, LLC 4 6.56% $7,248
LIBERTY HOME MORTGAGE CORPORATION 4 7.28% $6,676
The Huntington National Bank 4 7.22% $6,615
MUTUAL OF OMAHA MORTGAGE, INC. 4 7.00% $11,581
NEWREZ LLC 3 6.25% $10,747
PLAZA HOME MORTGAGE, INC. 3 6.71% $10,055
GUARANTEED RATE, INC. 2 6.65% $5,915
VILLAGE CAPITAL MORTGAGE 2 6.25% $3,907
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.50% $5,352
AMERICAN FINANCING CORPORATION 2 5.87% $7,914
ALLIED MORTGAGE GROUP, INC. 2 6.88% $6,247
NFM, INC. 2 6.63% $8,033
RUOFF MORTGAGE COMPANY, INC. 2 6.94% $5,353
AmeriHome Mortgage Company, LLC 2 6.88% $3,814
Nations Lending Corporation 2 6.38% $7,371
Northpointe Bank 2 6.00% $9,144
Prosperity Home Mortgage, LLC 1 6.50% $10,498
RAPID MORTGAGE COMPANY 1 7.00% $5,455
ROYAL UNITED MORTGAGE LLC 1 7.25% $6,238
SECURITYNATIONAL MORTGAGE COMPANY 1 7.13% $6,686
STOCKTON MORTGAGE CORPORATION 1 6.63% $6,671
SUCCESS MORTGAGE PARTNERS, INC. 1 6.38% $6,784
THE EQUITABLE MORTGAGE CORPORATION 1 6.00% $6,697
The Union Bank Company 1 6.75% $8,779
TOP FLITE FINANCIAL, INC. 1 7.13% $6,688
TOWNE MORTGAGE COMPANY 1 7.25% $20,165
U.S. Bank 1 6.50% $9,964
ZILLOW HOME LOANS, LLC 1 5.75% $11,119
AMERICAN FINANCIAL NETWORK, INC. 1 6.00% $15,136
Barrington Bank & Trust Company, N.A. 1 6.75% $7,339
CANOPY MORTGAGE, LLC 1 5.63% $9,432
Carrington Mortgage Services, LLC 1 7.38% $8,006
Citizens Bank 1 6.75% $10,624
Civista Bank 1 6.13% $4,942
Cornerstone First Mortgage, Inc 1 6.00% $21,212
DAS Acquisition Company, LLC 1 7.13% $8,389
ENDEAVOR CAPITAL, LLC. 1 6.25% $8,288
Equity Prime Mortgage LLC 1 7.75% $9,740
FIRST COLONY MORTGAGE CORPORATION 1 6.13% $8,035
FIRST COMMUNITY MORTGAGE, INC. 1 7.00% $9,133
Flagstar Bank, FSB 1 7.66% $4,807
HOMESIDE FINANCIAL, LLC 1 6.25% $9,883
Hometown Equity Mortgage, LLC 1 7.13% $7,153
HOWARD HANNA FINANCIAL SERVICES, INC. 1 7.25% $10,373
JPMorgan Chase Bank 1 7.75% $4,094
J. VIRGIL, INC. 1 7.13% $7,635
KeyBank 1 5.88% $5,872
LAKEVIEW LOAN SERVICING, LLC 1 6.75% $5,699
MID AMERICA MORTGAGE, INC. 1 7.25% $7,243
Mortgage Research Center, LLC 1 6.25% $4,107
Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $3,545
NATIONS RELIABLE LENDING, LLC 1 7.50% $5,543
POLARIS HOME FUNDING CORP. 1 7.00% $7,333

The top Mansfield FHA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 50 FHA loans originated. Their average total fees are $9,290, which is $602 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Mansfield FHA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC ($8,220), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,452), UNION HOME MORTGAGE CORP. ($8,956), CROSSCOUNTRY MORTGAGE, LLC ($9,290) and QUICKEN LOANS, LLC ($9,892).

The lowest rate Mansfield FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.18%), QUICKEN LOANS, LLC (6.37%), CROSSCOUNTRY MORTGAGE, LLC (6.71%), LOANDEPOT.COM, LLC (6.84%) and UNION HOME MORTGAGE CORP. (6.93%).

Mansfield FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Mansfield (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 $96,975 (14.5%) $139,725 (18.6%) 0.00 260
2018-02-01 $95,400 (8.0%) $137,484 (9.1%) 0.00 258
2018-03-01 $99,450 (6.5%) $136,017 (5.9%) 0.00 215
2018-04-01 $103,538 (9.1%) $147,323 (13.3%) 0.00 207
2018-05-01 $124,925 (25.6%) $165,070 (18.3%) 0.00 233
2018-06-01 $124,900 (25.0%) $160,652 (10.1%) 0.00 257
2018-07-01 $114,950 (13.4%) $165,912 (14.9%) 0.00 266
2018-08-01 $119,900 (16.8%) $167,061 (16.4%) 0.00 292
2018-09-01 $119,900 (9.0%) $166,153 (12.0%) 0.00 283
2018-10-01 $124,950 (15.6%) $167,496 (17.5%) 0.00 317
2018-11-01 $116,550 (14.4%) $160,940 (13.3%) 0.00 304
2018-12-01 $110,000 (11.4%) $155,585 (11.6%) 0.00 275
2019-01-01 $109,900 (13.3%) $155,852 (11.5%) 0.00 232
2019-02-01 $107,450 (12.6%) $157,379 (14.5%) 0.00 202
2019-03-01 $109,900 (10.5%) $162,323 (19.3%) 0.00 190
2019-04-01 $107,310 (3.6%) $164,063 (11.4%) 0.00 192
2019-05-01 $114,925 (-8.0%) $165,124 (0.0%) 0.00 203
2019-06-01 $121,750 (-2.5%) $168,246 (4.7%) 0.00 216
2019-07-01 $125,350 (9.1%) $172,671 (4.1%) 0.00 238
2019-08-01 $127,173 (6.1%) $172,890 (3.5%) 0.00 257
2019-09-01 $123,082 (2.7%) $168,172 (1.2%) 0.00 255
2019-10-01 $124,405 (-0.4%) $165,315 (-1.3%) 0.00 251
2019-11-01 $122,500 (5.1%) $163,226 (1.4%) 0.00 223
2019-12-01 $119,500 (8.6%) $159,420 (2.5%) 0.00 197
2020-01-01 $109,900 (0.0%) $154,608 (-0.8%) 0.00 172
2020-02-01 $104,950 (-2.3%) $164,287 (4.4%) 0.00 149
2020-03-01 $102,450 (-6.8%) $166,832 (2.8%) 0.00 144
2020-04-01 $111,475 (3.9%) $180,569 (10.1%) 0.00 134
2020-05-01 $127,400 (10.9%) $183,757 (11.3%) 0.00 133
2020-06-01 $153,725 (26.3%) $215,656 (28.2%) 0.00 125
2020-07-01 $149,700 (19.4%) $225,094 (30.4%) 0.00 110
2020-08-01 $140,000 (10.1%) $223,058 (29.0%) 0.00 100
2020-09-01 $114,900 (-6.7%) $186,978 (11.2%) 0.00 129
2020-10-01 $99,400 (-20.1%) $152,973 (-7.5%) 0.00 163
2020-11-01 $99,150 (-19.1%) $147,235 (-9.8%) 0.00 162
2020-12-01 $89,925 (-24.8%) $135,570 (-15.0%) 0.00 147
2021-01-01 $122,000 (11.0%) $160,142 (3.6%) 0.00 107
2021-02-01 $106,425 (1.4%) $145,751 (-11.3%) 0.00 88
2021-03-01 $114,675 (11.9%) $151,062 (-9.5%) 0.00 84
2021-04-01 $139,900 (25.5%) $187,800 (4.0%) 0.00 71
2021-05-01 $149,900 (17.7%) $200,331 (9.0%) 0.00 78
2021-06-01 $149,450 (-2.8%) $198,398 (-8.0%) 0.00 99
2021-07-01 $159,000 (6.2%) $205,586 (-8.7%) 0.00 117
2021-08-01 $146,600 (4.7%) $223,912 (0.4%) 0.00 129
2021-09-01 $148,675 (29.4%) $224,448 (20.0%) 0.00 132
2021-10-01 $142,450 (43.3%) $208,208 (36.1%) 0.00 141
2021-11-01 $110,000 (10.9%) $165,935 (12.7%) 0.00 225
2021-12-01 $110,000 (22.3%) $160,119 (18.1%) 0.00 203
2022-01-01 $110,000 (-9.8%) $161,559 (0.9%) 0.00 174
2022-02-01 $110,000 (3.4%) $162,931 (11.8%) 0.00 163
2022-03-01 $112,500 (-1.9%) $191,050 (26.5%) 0.00 74
2022-04-01 $134,900 (-3.6%) $243,629 (29.7%) 0.00 90
2022-05-01 $154,950 (3.4%) $238,063 (18.8%) 0.00 98
2022-06-01 $146,667 (-1.9%) $214,486 (8.1%) 0.00 115
2022-07-01 $194,400 (22.3%) $236,013 (14.8%) 0.00 147
2022-08-01 $189,450 (29.2%) $241,382 (7.8%) 0.00 141
2022-09-01 $162,450 (9.3%) $213,788 (-4.8%) 0.00 167
2022-10-01 $148,700 (4.4%) $190,369 (-8.6%) 0.00 174
2022-11-01 $143,400 (30.4%) $196,466 (18.4%) 0.00 183
2022-12-01 $139,000 (26.4%) $201,644 (25.9%) 0.00 148
2023-01-01 $153,650 (39.7%) $236,387 (46.3%) 0.00 100
2023-02-01 $152,450 (38.6%) $232,927 (43.0%) 0.00 86
2023-03-01 $165,625 (47.2%) $243,521 (27.5%) 0.00 73
2023-04-01 $174,950 (29.7%) $296,305 (21.6%) 0.00 58
2023-05-01 $171,150 (10.5%) $236,351 (-0.7%) 0.00 79
2023-06-01 $167,500 (14.2%) $231,355 (7.9%) 0.00 119
2023-07-01 $153,950 (-20.8%) $228,717 (-3.1%) 0.00 136
2023-08-01 $159,675 (-15.7%) $243,609 (0.9%) 0.00 140
2023-09-01 $165,000 (1.6%) $234,920 (9.9%) 0.00 163
2023-10-01 $179,900 (21.0%) $263,918 (38.6%) 0.00 141
2023-11-01 $191,125 (33.3%) $283,002 (44.1%) 0.00 126
2023-12-01 $199,900 (43.8%) $272,052 (34.9%) 0.00 125
2024-01-01 $187,000 (21.7%) $259,037 (9.6%) 0.00 116
2024-02-01 $224,975 (47.6%) $290,694 (24.8%) 0.00 104
2024-03-01 $220,000 (32.8%) $295,674 (21.4%) 0.00 86
2024-04-01 $218,650 (25.0%) $284,699 (-3.9%) 0.00 107
2024-05-01 $232,175 (35.7%) $302,307 (27.9%) 0.00 128
2024-06-01 $230,000 (37.3%) $304,080 (31.4%) 0.00 143
2024-07-01 $236,350 (53.5%) $288,030 (25.9%) 0.00 186
2024-08-01 $239,900 (50.2%) $295,798 (21.4%) 0.00 191
2024-09-01 $248,700 (50.7%) $291,823 (24.2%) 0.00 190
2024-10-01 $224,900 (25.0%) $277,716 (5.2%) 0.00 198
2024-11-01 $223,900 (17.2%) $280,002 (-1.1%) 0.00 194
2024-12-01 $226,450 (13.3%) $298,284 (9.6%) 0.00 162
2025-01-01 $219,900 (17.6%) $266,984 (3.1%) 0.00 158
2025-02-01 $211,950 (-5.8%) $272,859 (-6.1%) 0.00 152
2025-03-01 $204,900 (-6.9%) $269,098 (-9.0%) 0.00 147
2025-04-01 $227,425 (4.0%) $269,534 (-5.3%) 0.00 142
Mansfield's median listing price for 2025-04-01 was $227,425, a difference of $8,775 (4.0%) versus the prior year and $22,525 versus the prior month.

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

Mansfield's average listing price for 2025-04-01 was $269,534, a difference of $-15,165 (-5.3%) versus the prior year and $436 versus the prior month.

For the 2025-04-01 period, Mansfield had 142 MLS listings, a difference of -5 listings (-3%) versus the prior month and 35 listings (33%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Mansfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,455 sqft
2018-02-01 0 days 1,457 sqft
2018-03-01 0 days 1,468 sqft
2018-04-01 0 days 1,489 sqft
2018-05-01 0 days 1,540 sqft
2018-06-01 0 days 1,508 sqft
2018-07-01 0 days 1,505 sqft
2018-08-01 0 days 1,523 sqft
2018-09-01 0 days 1,609 sqft
2018-10-01 0 days 1,608 sqft
2018-11-01 0 days 1,547 sqft
2018-12-01 0 days 1,543 sqft
2019-01-01 0 days 1,519 sqft
2019-02-01 0 days 1,488 sqft
2019-03-01 0 days 1,504 sqft
2019-04-01 0 days 1,442 sqft
2019-05-01 0 days 1,456 sqft
2019-06-01 0 days 1,538 sqft
2019-07-01 0 days 1,571 sqft
2019-08-01 0 days 1,605 sqft
2019-09-01 0 days 1,585 sqft
2019-10-01 0 days 1,576 sqft
2019-11-01 0 days 1,538 sqft
2019-12-01 0 days 1,497 sqft
2020-01-01 0 days 1,487 sqft
2020-02-01 0 days 1,469 sqft
2020-03-01 0 days 1,424 sqft
2020-04-01 0 days 1,491 sqft
2020-05-01 0 days 1,524 sqft
2020-06-01 0 days 1,616 sqft
2020-07-01 0 days 1,697 sqft
2020-08-01 0 days 1,512 sqft
2020-09-01 0 days 1,460 sqft
2020-10-01 0 days 1,396 sqft
2020-11-01 0 days 1,472 sqft
2020-12-01 0 days 1,441 sqft
2021-01-01 0 days 1,396 sqft
2021-02-01 0 days 1,329 sqft
2021-03-01 0 days 1,328 sqft
2021-04-01 0 days 1,440 sqft
2021-05-01 0 days 1,463 sqft
2021-06-01 0 days 1,528 sqft
2021-07-01 0 days 1,452 sqft
2021-08-01 0 days 1,582 sqft
2021-09-01 0 days 1,536 sqft
2021-10-01 0 days 1,491 sqft
2021-11-01 0 days 1,411 sqft
2021-12-01 0 days 1,426 sqft
2022-01-01 0 days 1,386 sqft
2022-02-01 0 days 1,394 sqft
2022-03-01 0 days 1,437 sqft
2022-04-01 0 days 1,546 sqft
2022-05-01 0 days 1,586 sqft
2022-06-01 0 days 1,580 sqft
2022-07-01 0 days 1,687 sqft
2022-08-01 0 days 1,586 sqft
2022-09-01 0 days 1,532 sqft
2022-10-01 0 days 1,481 sqft
2022-11-01 0 days 1,460 sqft
2022-12-01 0 days 1,491 sqft
2023-01-01 0 days 1,550 sqft
2023-02-01 0 days 1,477 sqft
2023-03-01 0 days 1,453 sqft
2023-04-01 0 days 1,456 sqft
2023-05-01 0 days 1,494 sqft
2023-06-01 0 days 1,462 sqft
2023-07-01 0 days 1,533 sqft
2023-08-01 0 days 1,483 sqft
2023-09-01 0 days 1,478 sqft
2023-10-01 0 days 1,538 sqft
2023-11-01 0 days 1,504 sqft
2023-12-01 0 days 1,577 sqft
2024-01-01 0 days 1,533 sqft
2024-02-01 0 days 1,557 sqft
2024-03-01 0 days 1,547 sqft
2024-04-01 0 days 1,532 sqft
2024-05-01 0 days 1,623 sqft
2024-06-01 0 days 1,601 sqft
2024-07-01 0 days 1,580 sqft
2024-08-01 0 days 1,603 sqft
2024-09-01 0 days 1,584 sqft
2024-10-01 0 days 1,550 sqft
2024-11-01 0 days 1,552 sqft
2024-12-01 0 days 1,556 sqft
2025-01-01 0 days 1,527 sqft
2025-02-01 0 days 1,507 sqft
2025-03-01 0 days 1,561 sqft
2025-04-01 0 days 1,576 sqft
Mansfield's median listing age (time on market) for 2025-04-01 was 0 days.

Mansfield's median square footage for active listings during the 2025-04-01 period was 1,576 sqft. One year prior, the average listing was 1,532 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).