Meadville FHA Loan Rates, Closing Costs & Stats

Meadville, 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.

Meadville's 39 lenders originated 114 FHA loans during 2024. The total origination value was $17,520,000, with an average FHA loan value of $153,684.

Meadville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Meadville averaged 6.28% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

Meadville's average FHA mortgage closing costs are $6,729.

The average rate for the prior week (2025-03-28) was 6.68% and one month ago for the week of 2025-02-28, the average rate was 6.66%.

The average rate one year ago was 6.88%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.46%.

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

Meadville 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 Meadville level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 21 6.53% $7,774
UNITED WHOLESALE MORTGAGE, LLC 8 6.37% $11,031
EQUITY RESOURCES, INC. 7 6.71% $7,627
Ixonia Bank 6 6.90% $8,019
Flagstar Bank, FSB 6 6.80% $8,019
AFFORDABLE MORTGAGE ADVISORS, LLC. 3 6.92% $6,893
FIRST HERITAGE FINANCIAL, LLC 3 6.25% $6,367
HOWARD HANNA FINANCIAL SERVICES, INC. 3 6.13% $5,718
CROSSCOUNTRY MORTGAGE, LLC 2 7.22% $8,495
FREEDOM MORTGAGE CORPORATION 2 6.50% $7,372
LOANDEPOT.COM, LLC 2 6.44% $12,617
MOVEMENT MORTGAGE, LLC 2 6.38% $8,544
PLANET HOME LENDING, LLC 2 6.06% $8,347
SOUTHPOINT FINANCIAL SERVICES, INC. 2 7.13% $3,259
UNION HOME MORTGAGE CORP. 2 7.06% $8,217
CONTOUR MORTGAGE CORPORATION 1 7.13% $11,425
GUARANTEED RATE AFFINITY, LLC 1 6.25% $10,451
HOMESIDE FINANCIAL, LLC 1 7.63% $8,573
ZILLOW HOME LOANS, LLC 1 6.75% $7,698
BETTER MORTGAGE CORPORATION 1 5.00% $8,855
AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $10,321
LOANPAL, LLC 1 5.38% $7,931
MEMBER FIRST MORTGAGE, LLC 1 6.63% $7,010
U.S. Bank 1 6.75% $6,898
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $12,822
Paramount Residential Mortgage Group, Inc. 1 5.50% $11,118
PENNYMAC LOAN SERVICES, LLC 1 6.75% $5,934
VILLAGE CAPITAL MORTGAGE 1 6.88% $3,708
PLAZA HOME MORTGAGE, INC. 1 8.25% $5,669
AMERISAVE MORTGAGE CORPORATION 1 6.25% $13,452
S1L, Inc. 1 6.63% $9,734
Citizens Bank 1 7.50% $3,613
TIDEWATER MORTGAGE SERVICES, INC. 1 7.25% $7,931
Equity Prime Mortgage LLC 1 6.38% $13,882
Century Mortgage Company DBA Century Lending Company 1 6.63% $14,074
Fifth Third Bank 1 6.50% $6,838
WEST PENN FINANCIAL SERVICE CENTER, INC. 1 6.38% $7,982
First National Bank of Pennsylvania 1 6.25% $8,958
BROKER SOLUTIONS, INC. 1 6.75% $9,939

The top Meadville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 21 FHA loans originated. Their average total fees are $7,774, which is $3,257 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Meadville FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($7,774), .

The lowest rate Meadville FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.53%), .

Meadville FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Meadville (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 $112,950 (-6.2%) $158,290 (-0.4%) 0.00 331
2018-02-01 $108,225 (-9.8%) $155,366 (-6.6%) 0.00 340
2018-03-01 $113,500 (-5.4%) $159,356 (-4.8%) 0.00 351
2018-04-01 $116,540 (-3.7%) $165,514 (-2.4%) 0.00 348
2018-05-01 $116,875 (-7.4%) $164,019 (-0.5%) 0.00 369
2018-06-01 $119,900 (0.0%) $165,605 (0.9%) 0.00 380
2018-07-01 $124,950 (-1.2%) $167,923 (-1.4%) 0.00 383
2018-08-01 $126,500 (0.2%) $167,673 (-0.6%) 0.00 395
2018-09-01 $125,000 (4.3%) $163,301 (-4.6%) 0.00 397
2018-10-01 $125,000 (5.5%) $167,639 (0.2%) 0.00 396
2018-11-01 $125,500 (5.5%) $171,921 (3.3%) 0.00 376
2018-12-01 $125,000 (6.8%) $169,463 (4.0%) 0.00 367
2019-01-01 $127,450 (12.8%) $168,352 (6.4%) 0.00 352
2019-02-01 $122,575 (13.3%) $167,128 (7.6%) 0.00 338
2019-03-01 $122,857 (8.2%) $163,122 (2.4%) 0.00 325
2019-04-01 $125,000 (7.3%) $163,454 (-1.2%) 0.00 316
2019-05-01 $128,988 (10.4%) $169,726 (3.5%) 0.00 326
2019-06-01 $129,450 (8.0%) $172,741 (4.3%) 0.00 320
2019-07-01 $138,300 (10.7%) $175,065 (4.3%) 0.00 334
2019-08-01 $136,736 (8.1%) $171,623 (2.4%) 0.00 336
2019-09-01 $132,666 (6.1%) $167,056 (2.3%) 0.00 331
2019-10-01 $128,125 (2.5%) $162,947 (-2.8%) 0.00 326
2019-11-01 $124,900 (-0.5%) $163,082 (-5.1%) 0.00 312
2019-12-01 $126,750 (1.4%) $163,707 (-3.4%) 0.00 273
2020-01-01 $125,800 (-1.3%) $162,852 (-3.3%) 0.00 258
2020-02-01 $127,500 (4.0%) $161,706 (-3.2%) 0.00 249
2020-03-01 $131,000 (6.6%) $167,172 (2.5%) 0.00 241
2020-04-01 $129,750 (3.8%) $165,768 (1.4%) 0.00 237
2020-05-01 $140,000 (8.5%) $173,916 (2.5%) 0.00 227
2020-06-01 $149,450 (15.5%) $182,254 (5.5%) 0.00 221
2020-07-01 $149,450 (8.1%) $183,460 (4.8%) 0.00 205
2020-08-01 $139,000 (1.7%) $185,058 (7.8%) 0.00 186
2020-09-01 $143,700 (8.3%) $188,918 (13.1%) 0.00 159
2020-10-01 $138,000 (7.7%) $177,090 (8.7%) 0.00 161
2020-11-01 $136,250 (9.1%) $182,777 (12.1%) 0.00 149
2020-12-01 $134,925 (6.5%) $183,481 (12.1%) 0.00 134
2021-01-01 $131,000 (4.1%) $189,131 (16.1%) 0.00 116
2021-02-01 $129,900 (1.9%) $198,227 (22.6%) 0.00 95
2021-03-01 $127,400 (-2.8%) $196,020 (17.3%) 0.00 77
2021-04-01 $132,450 (2.1%) $218,785 (32.0%) 0.00 70
2021-05-01 $148,500 (6.1%) $220,070 (26.5%) 0.00 91
2021-06-01 $154,900 (3.7%) $230,720 (26.6%) 0.00 102
2021-07-01 $159,900 (7.0%) $221,854 (20.9%) 0.00 110
2021-08-01 $153,225 (10.2%) $216,785 (17.1%) 0.00 121
2021-09-01 $161,950 (12.7%) $216,742 (14.7%) 0.00 110
2021-10-01 $140,000 (1.5%) $197,775 (11.7%) 0.00 113
2021-11-01 $149,900 (10.0%) $203,926 (11.6%) 0.00 101
2021-12-01 $139,000 (3.0%) $203,075 (10.7%) 0.00 97
2022-01-01 $138,950 (6.1%) $207,137 (9.5%) 0.00 91
2022-02-01 $132,500 (2.0%) $189,268 (-4.5%) 0.00 83
2022-03-01 $130,000 (2.0%) $193,930 (-1.1%) 0.00 77
2022-04-01 $137,450 (3.8%) $195,439 (-10.7%) 0.00 82
2022-05-01 $145,333 (-2.1%) $210,612 (-4.3%) 0.00 87
2022-06-01 $164,400 (6.1%) $223,961 (-2.9%) 0.00 102
2022-07-01 $149,900 (-6.3%) $226,889 (2.3%) 0.00 119
2022-08-01 $154,950 (1.1%) $223,255 (3.0%) 0.00 124
2022-09-01 $182,950 (13.0%) $231,926 (7.0%) 0.00 119
2022-10-01 $180,000 (28.6%) $262,307 (32.6%) 0.00 122
2022-11-01 $188,250 (25.6%) $274,907 (34.8%) 0.00 109
2022-12-01 $180,000 (29.5%) $270,796 (33.4%) 0.00 103
2023-01-01 $165,800 (19.3%) $267,988 (29.4%) 0.00 92
2023-02-01 $158,500 (19.6%) $265,930 (40.5%) 0.00 81
2023-03-01 $172,250 (32.5%) $308,561 (59.1%) 0.00 73
2023-04-01 $225,000 (63.7%) $370,159 (89.4%) 0.00 68
2023-05-01 $206,175 (41.9%) $356,513 (69.3%) 0.00 75
2023-06-01 $229,450 (39.6%) $348,498 (55.6%) 0.00 85
2023-07-01 $199,900 (33.4%) $330,281 (45.6%) 0.00 89
2023-08-01 $181,475 (17.1%) $289,282 (29.6%) 0.00 108
2023-09-01 $172,400 (-5.8%) $236,178 (1.8%) 0.00 103
2023-10-01 $179,000 (-0.6%) $258,811 (-1.3%) 0.00 105
2023-11-01 $171,200 (-9.1%) $255,914 (-6.9%) 0.00 104
2023-12-01 $169,900 (-5.6%) $232,604 (-14.1%) 0.00 98
2024-01-01 $172,500 (4.0%) $234,711 (-12.4%) 0.00 99
2024-02-01 $170,600 (7.6%) $243,028 (-8.6%) 0.00 97
2024-03-01 $190,000 (10.3%) $262,511 (-14.9%) 0.00 90
2024-04-01 $209,950 (-6.7%) $282,328 (-23.7%) 0.00 89
2024-05-01 $189,450 (-8.1%) $272,589 (-23.5%) 0.00 98
2024-06-01 $224,900 (-2.0%) $272,430 (-21.8%) 0.00 90
2024-07-01 $232,425 (16.3%) $297,401 (-10.0%) 0.00 99
2024-08-01 $220,000 (21.2%) $281,659 (-2.6%) 0.00 105
2024-09-01 $223,350 (29.6%) $315,547 (33.6%) 0.00 113
2024-10-01 $227,800 (27.3%) $314,851 (21.7%) 0.00 111
2024-11-01 $224,750 (31.3%) $307,144 (20.0%) 0.00 117
2024-12-01 $199,225 (17.3%) $287,970 (23.8%) 0.00 115
2025-01-01 $189,900 (10.1%) $260,362 (10.9%) 0.00 119
2025-02-01 $199,225 (16.8%) $271,431 (11.7%) 0.00 103
2025-03-01 $198,000 (4.2%) $283,384 (8.0%) 0.00 97
Meadville's median listing price for 2025-03-01 was $198,000, a difference of $8,000 (4.2%) versus the prior year and $-1,225 versus the prior month.

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

Meadville's average listing price for 2025-03-01 was $283,384, a difference of $20,873 (8.0%) versus the prior year and $11,953 versus the prior month.

For the 2025-03-01 period, Meadville had 97 MLS listings, a difference of -6 listings (-6%) versus the prior month and 7 listings (8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Meadville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,600 sqft
2018-02-01 0 days 1,584 sqft
2018-03-01 0 days 1,589 sqft
2018-04-01 0 days 1,604 sqft
2018-05-01 0 days 1,614 sqft
2018-06-01 0 days 1,630 sqft
2018-07-01 0 days 1,616 sqft
2018-08-01 0 days 1,625 sqft
2018-09-01 0 days 1,649 sqft
2018-10-01 0 days 1,650 sqft
2018-11-01 0 days 1,670 sqft
2018-12-01 0 days 1,650 sqft
2019-01-01 0 days 1,649 sqft
2019-02-01 0 days 1,632 sqft
2019-03-01 0 days 1,578 sqft
2019-04-01 0 days 1,565 sqft
2019-05-01 0 days 1,598 sqft
2019-06-01 0 days 1,600 sqft
2019-07-01 0 days 1,615 sqft
2019-08-01 0 days 1,611 sqft
2019-09-01 0 days 1,597 sqft
2019-10-01 0 days 1,581 sqft
2019-11-01 0 days 1,535 sqft
2019-12-01 0 days 1,551 sqft
2020-01-01 0 days 1,533 sqft
2020-02-01 0 days 1,514 sqft
2020-03-01 0 days 1,595 sqft
2020-04-01 0 days 1,607 sqft
2020-05-01 0 days 1,626 sqft
2020-06-01 0 days 1,700 sqft
2020-07-01 0 days 1,652 sqft
2020-08-01 0 days 1,679 sqft
2020-09-01 0 days 1,709 sqft
2020-10-01 0 days 1,645 sqft
2020-11-01 0 days 1,647 sqft
2020-12-01 0 days 1,656 sqft
2021-01-01 0 days 1,645 sqft
2021-02-01 0 days 1,636 sqft
2021-03-01 0 days 1,651 sqft
2021-04-01 0 days 1,738 sqft
2021-05-01 0 days 1,700 sqft
2021-06-01 0 days 1,676 sqft
2021-07-01 0 days 1,746 sqft
2021-08-01 0 days 1,706 sqft
2021-09-01 0 days 1,682 sqft
2021-10-01 0 days 1,581 sqft
2021-11-01 0 days 1,678 sqft
2021-12-01 0 days 1,668 sqft
2022-01-01 0 days 1,661 sqft
2022-02-01 0 days 1,571 sqft
2022-03-01 0 days 1,515 sqft
2022-04-01 0 days 1,569 sqft
2022-05-01 0 days 1,573 sqft
2022-06-01 0 days 1,640 sqft
2022-07-01 0 days 1,600 sqft
2022-08-01 0 days 1,667 sqft
2022-09-01 0 days 1,761 sqft
2022-10-01 0 days 1,680 sqft
2022-11-01 0 days 1,713 sqft
2022-12-01 0 days 1,536 sqft
2023-01-01 0 days 1,479 sqft
2023-02-01 0 days 1,470 sqft
2023-03-01 0 days 1,520 sqft
2023-04-01 0 days 1,640 sqft
2023-05-01 0 days 1,583 sqft
2023-06-01 0 days 1,640 sqft
2023-07-01 0 days 1,624 sqft
2023-08-01 0 days 1,560 sqft
2023-09-01 0 days 1,568 sqft
2023-10-01 0 days 1,616 sqft
2023-11-01 0 days 1,643 sqft
2023-12-01 0 days 1,624 sqft
2024-01-01 0 days 1,568 sqft
2024-02-01 0 days 1,524 sqft
2024-03-01 0 days 1,600 sqft
2024-04-01 0 days 1,659 sqft
2024-05-01 0 days 1,696 sqft
2024-06-01 0 days 1,690 sqft
2024-07-01 0 days 1,769 sqft
2024-08-01 0 days 1,641 sqft
2024-09-01 0 days 1,712 sqft
2024-10-01 0 days 1,776 sqft
2024-11-01 0 days 1,615 sqft
2024-12-01 0 days 1,635 sqft
2025-01-01 0 days 1,584 sqft
2025-02-01 0 days 1,595 sqft
2025-03-01 0 days 1,575 sqft
Meadville's median listing age (time on market) for 2025-03-01 was 0 days.

Meadville's median square footage for active listings during the 2025-03-01 period was 1,575 sqft. One year prior, the average listing was 1,600 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).