Marietta FHA Loan Rates, Closing Costs & Stats

Marietta, OH

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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.

    Marietta's 33 lenders originated 121 FHA loans during 2023. The total origination value was $21,465,000, with an average FHA loan value of $177,397.

    Marietta FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Marietta averaged 7.05% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Marietta's average FHA mortgage closing costs are $7,064.

    The average rate for the prior week (2024-04-12) was 7.04% and one month ago for the week of 2024-03-15, the average rate was 6.91%.

    The average rate one year ago was 6.53%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Marietta 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 Marietta level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    PRIMELENDING, A PLAINSCAPITAL COMPANY 24 6.87% $9,872
    QUICKEN LOANS, LLC 18 6.19% $9,516
    MOVEMENT MORTGAGE, LLC 13 6.51% $10,138
    UNITED WHOLESALE MORTGAGE, LLC 5 6.46% $10,678
    The Huntington National Bank 5 6.88% $7,192
    POLARIS HOME FUNDING CORP. 4 7.09% $9,988
    FREEDOM MORTGAGE CORPORATION 4 6.31% $11,743
    LOANDEPOT.COM, LLC 3 6.58% $9,685
    HOMESIDE FINANCIAL, LLC 3 6.79% $11,825
    AMERISAVE MORTGAGE CORPORATION 2 6.50% $14,293
    JPMorgan Chase Bank 2 7.69% $7,123
    CROSSCOUNTRY MORTGAGE, LLC 2 7.00% $8,919
    Peoples Bank 2 6.44% $6,299
    Flagstar Bank, FSB 2 7.25% $12,334
    UNION HOME MORTGAGE CORP. 2 7.19% $9,003
    WesBanco 2 6.44% $9,351
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.19% $10,071
    M&T Bank 1 6.13% $10,423
    BROKER SOLUTIONS, INC. 1 6.75% $14,892
    Citizens Bank 1 7.00% $7,233
    INTERCOASTAL MORTGAGE COMPANY 1 7.50% $8,750
    J. VIRGIL, INC. 1 7.13% $6,484
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $9,003
    MORIA DEVELOPMENT, INC. 1 6.88% $8,365
    Mortgage Research Center, LLC 1 5.25% $2,818
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $9,614
    MYCUMORTGAGE, LLC 1 6.63% $11,557
    Nations Lending Corporation 1 7.25% $5,586
    PLANET HOME LENDING, LLC 1 6.75% $8,414
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.13% $6,971
    SIWELL, INC. 1 6.75% $7,906
    VERITAS FUNDING, LLC 1 6.75% $17,266
    Waterstone Mortgage Corporation 1 6.63% $13,996

    The top Marietta FHA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 24 FHA loans originated. Their average total fees are $9,872, which is $356 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Marietta FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($9,516), PRIMELENDING, A PLAINSCAPITAL COMPANY ($9,872), MOVEMENT MORTGAGE, LLC ($10,138), .

    The lowest rate Marietta FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.19%), MOVEMENT MORTGAGE, LLC (6.51%), PRIMELENDING, A PLAINSCAPITAL COMPANY (6.87%), .

    Marietta FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Marietta (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 $150,725 (-12.4%) $193,479 (-11.4%) 0.00 125
    2018-02-01 $149,000 (-11.3%) $183,564 (-14.6%) 0.00 118
    2018-03-01 $155,900 (-5.2%) $179,777 (-18.1%) 0.00 116
    2018-04-01 $147,750 (-12.6%) $177,137 (-17.6%) 0.00 117
    2018-05-01 $154,825 (-9.6%) $181,104 (-18.8%) 0.00 116
    2018-06-01 $157,000 (-7.5%) $191,549 (-13.3%) 0.00 123
    2018-07-01 $175,000 (2.9%) $210,110 (-4.2%) 0.00 143
    2018-08-01 $169,900 (0.2%) $212,041 (-0.5%) 0.00 148
    2018-09-01 $163,450 (-0.9%) $215,982 (5.0%) 0.00 141
    2018-10-01 $169,900 (0.8%) $224,630 (8.1%) 0.00 132
    2018-11-01 $168,250 (4.2%) $224,214 (14.3%) 0.00 129
    2018-12-01 $168,000 (5.7%) $213,675 (11.1%) 0.00 124
    2019-01-01 $155,000 (2.8%) $201,048 (3.9%) 0.00 126
    2019-02-01 $165,375 (11.0%) $209,278 (14.0%) 0.00 112
    2019-03-01 $171,064 (9.7%) $210,605 (17.2%) 0.00 109
    2019-04-01 $173,564 (17.5%) $209,860 (18.5%) 0.00 112
    2019-05-01 $167,825 (8.4%) $212,926 (17.6%) 0.00 106
    2019-06-01 $197,900 (26.1%) $227,634 (18.8%) 0.00 113
    2019-07-01 $199,300 (13.9%) $225,653 (7.4%) 0.00 125
    2019-08-01 $193,995 (14.2%) $224,842 (6.0%) 0.00 134
    2019-09-01 $190,314 (16.4%) $229,808 (6.4%) 0.00 133
    2019-10-01 $186,950 (10.0%) $228,844 (1.9%) 0.00 135
    2019-11-01 $185,000 (10.0%) $223,976 (-0.1%) 0.00 137
    2019-12-01 $174,750 (4.0%) $213,073 (-0.3%) 0.00 117
    2020-01-01 $171,475 (10.6%) $210,091 (4.5%) 0.00 113
    2020-02-01 $169,900 (2.7%) $211,996 (1.3%) 0.00 108
    2020-03-01 $176,000 (2.9%) $217,340 (3.2%) 0.00 99
    2020-04-01 $168,700 (-2.8%) $210,024 (0.1%) 0.00 92
    2020-05-01 $170,000 (1.3%) $204,708 (-3.9%) 0.00 99
    2020-06-01 $191,075 (-3.5%) $233,261 (2.5%) 0.00 99
    2020-07-01 $207,925 (4.3%) $256,060 (13.5%) 0.00 93
    2020-08-01 $199,450 (2.8%) $255,207 (13.5%) 0.00 86
    2020-09-01 $199,350 (4.8%) $254,909 (10.9%) 0.00 86
    2020-10-01 $219,500 (17.4%) $259,006 (13.2%) 0.00 92
    2020-11-01 $222,000 (20.0%) $264,766 (18.2%) 0.00 87
    2020-12-01 $228,000 (30.5%) $272,714 (28.0%) 0.00 84
    2021-01-01 $229,450 (33.8%) $276,032 (31.4%) 0.00 73
    2021-02-01 $225,725 (32.9%) $287,842 (35.8%) 0.00 72
    2021-03-01 $224,450 (27.5%) $291,766 (34.2%) 0.00 72
    2021-04-01 $244,900 (45.2%) $318,995 (51.9%) 0.00 69
    2021-05-01 $214,000 (25.9%) $304,362 (48.7%) 0.00 60
    2021-06-01 $218,950 (14.6%) $321,416 (37.8%) 0.00 64
    2021-07-01 $217,750 (4.7%) $322,311 (25.9%) 0.00 69
    2021-08-01 $220,750 (10.7%) $321,080 (25.8%) 0.00 68
    2021-09-01 $208,500 (4.6%) $287,771 (12.9%) 0.00 78
    2021-10-01 $195,000 (-11.2%) $272,584 (5.2%) 0.00 75
    2021-11-01 $198,000 (-10.8%) $265,775 (0.4%) 0.00 77
    2021-12-01 $191,050 (-16.2%) $285,992 (4.9%) 0.00 76
    2022-01-01 $192,500 (-16.1%) $294,333 (6.6%) 0.00 57
    2022-02-01 $195,625 (-13.3%) $311,934 (8.4%) 0.00 46
    2022-03-01 $209,925 (-6.5%) $308,528 (5.8%) 0.00 46
    2022-04-01 $210,000 (-14.3%) $290,860 (-8.8%) 0.00 51
    2022-05-01 $211,225 (-1.3%) $256,031 (-15.9%) 0.00 55
    2022-06-01 $212,450 (-3.0%) $252,173 (-21.5%) 0.00 66
    2022-07-01 $204,500 (-6.1%) $245,686 (-23.8%) 0.00 90
    2022-08-01 $211,000 (-4.4%) $247,352 (-23.0%) 0.00 102
    2022-09-01 $209,950 (0.7%) $256,482 (-10.9%) 0.00 98
    2022-10-01 $218,950 (12.3%) $253,484 (-7.0%) 0.00 91
    2022-11-01 $212,450 (7.3%) $249,517 (-6.1%) 0.00 97
    2022-12-01 $206,000 (7.8%) $239,623 (-16.2%) 0.00 93
    2023-01-01 $218,750 (13.6%) $235,128 (-20.1%) 0.00 82
    2023-02-01 $213,200 (9.0%) $236,900 (-24.1%) 0.00 68
    2023-03-01 $224,975 (7.2%) $238,775 (-22.6%) 0.00 67
    2023-04-01 $234,900 (11.9%) $257,652 (-11.4%) 0.00 74
    2023-05-01 $231,588 (9.6%) $269,252 (5.2%) 0.00 86
    2023-06-01 $248,450 (17.0%) $296,542 (17.6%) 0.00 85
    2023-07-01 $249,900 (22.2%) $299,761 (22.0%) 0.00 85
    2023-08-01 $259,000 (22.8%) $312,857 (26.5%) 0.00 86
    2023-09-01 $248,500 (18.4%) $295,999 (15.4%) 0.00 92
    2023-10-01 $244,450 (11.7%) $305,601 (20.6%) 0.00 95
    2023-11-01 $249,000 (17.2%) $305,217 (22.3%) 0.00 100
    2023-12-01 $249,950 (21.3%) $304,470 (27.1%) 0.00 91
    2024-01-01 $260,000 (18.9%) $313,000 (33.1%) 0.00 88
    2024-02-01 $258,425 (21.2%) $325,241 (37.3%) 0.00 84
    2024-03-01 $249,900 (11.1%) $296,822 (24.3%) 0.00 90
    Marietta's median listing price for 2024-03-01 was $249,900, a difference of $24,925 (11.1%) versus the prior year and $-8,525 versus the prior month.

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

    Marietta's average listing price for 2024-03-01 was $296,822, a difference of $58,047 (24.3%) versus the prior year and $-28,419 versus the prior month.

    For the 2024-03-01 period, Marietta had 90 MLS listings, a difference of 6 listings (7%) versus the prior month and 23 listings (34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Marietta (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,695 sqft
    2018-02-01 0 days 1,695 sqft
    2018-03-01 0 days 1,731 sqft
    2018-04-01 0 days 1,718 sqft
    2018-05-01 0 days 1,748 sqft
    2018-06-01 0 days 1,740 sqft
    2018-07-01 0 days 2,017 sqft
    2018-08-01 0 days 1,985 sqft
    2018-09-01 0 days 1,980 sqft
    2018-10-01 0 days 1,986 sqft
    2018-11-01 0 days 1,966 sqft
    2018-12-01 0 days 1,950 sqft
    2019-01-01 0 days 1,883 sqft
    2019-02-01 0 days 1,940 sqft
    2019-03-01 0 days 1,962 sqft
    2019-04-01 0 days 1,964 sqft
    2019-05-01 0 days 1,779 sqft
    2019-06-01 0 days 1,837 sqft
    2019-07-01 0 days 1,942 sqft
    2019-08-01 0 days 1,889 sqft
    2019-09-01 0 days 1,915 sqft
    2019-10-01 0 days 1,932 sqft
    2019-11-01 0 days 1,967 sqft
    2019-12-01 0 days 1,972 sqft
    2020-01-01 0 days 1,972 sqft
    2020-02-01 0 days 2,002 sqft
    2020-03-01 0 days 1,974 sqft
    2020-04-01 0 days 1,926 sqft
    2020-05-01 0 days 1,950 sqft
    2020-06-01 0 days 1,995 sqft
    2020-07-01 0 days 2,081 sqft
    2020-08-01 0 days 2,000 sqft
    2020-09-01 0 days 1,970 sqft
    2020-10-01 0 days 1,998 sqft
    2020-11-01 0 days 2,094 sqft
    2020-12-01 0 days 2,182 sqft
    2021-01-01 0 days 2,189 sqft
    2021-02-01 0 days 2,174 sqft
    2021-03-01 0 days 2,057 sqft
    2021-04-01 0 days 2,227 sqft
    2021-05-01 0 days 2,161 sqft
    2021-06-01 0 days 2,075 sqft
    2021-07-01 0 days 2,042 sqft
    2021-08-01 0 days 1,976 sqft
    2021-09-01 0 days 2,019 sqft
    2021-10-01 0 days 1,900 sqft
    2021-11-01 0 days 1,838 sqft
    2021-12-01 0 days 1,873 sqft
    2022-01-01 0 days 1,896 sqft
    2022-02-01 0 days 1,940 sqft
    2022-03-01 0 days 1,938 sqft
    2022-04-01 0 days 2,013 sqft
    2022-05-01 0 days 2,053 sqft
    2022-06-01 0 days 1,990 sqft
    2022-07-01 0 days 1,924 sqft
    2022-08-01 0 days 1,990 sqft
    2022-09-01 0 days 1,917 sqft
    2022-10-01 0 days 1,940 sqft
    2022-11-01 0 days 1,897 sqft
    2022-12-01 0 days 1,927 sqft
    2023-01-01 0 days 1,808 sqft
    2023-02-01 0 days 1,777 sqft
    2023-03-01 0 days 1,768 sqft
    2023-04-01 0 days 1,872 sqft
    2023-05-01 0 days 1,918 sqft
    2023-06-01 0 days 1,984 sqft
    2023-07-01 0 days 2,048 sqft
    2023-08-01 0 days 2,011 sqft
    2023-09-01 0 days 1,954 sqft
    2023-10-01 0 days 1,938 sqft
    2023-11-01 0 days 1,890 sqft
    2023-12-01 0 days 1,924 sqft
    2024-01-01 0 days 2,026 sqft
    2024-02-01 0 days 2,058 sqft
    2024-03-01 0 days 2,036 sqft
    Marietta's median listing age (time on market) for 2024-03-01 was 0 days.

    Marietta's median square footage for active listings during the 2024-03-01 period was 2,036 sqft. One year prior, the average listing was 1,768 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).