Orlando FHA Loan Rates, Closing Costs & Stats

ORLANDO-KISSIMMEE-SANFORD, FL

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.

Orlando's 264 lenders originated 9,906 FHA loans during 2023. The total origination value was $3,355,050,000, with an average FHA loan value of $338,689.

Orlando FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Orlando averaged 0.03% for the week of 2024-06-21, compared to the national average (all FHA variants) of 0% for the same period.

Orlando's average FHA mortgage closing costs are $9,618.

The average rate for the prior week (2024-06-14) was 6.43% and one month ago for the week of 2024-05-17, the average rate was 6.47%.

The average rate one year ago was 6.76%.

For refis of the same type during the week of 2024-06-21, the average rate was 0.12%.

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

Orlando 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 Orlando level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 1,645 6.32% $14,927
DHI MORTGAGE COMPANY, LTD. 845 5.35% $10,426
QUICKEN LOANS, LLC 649 6.13% $14,142
EAGLE HOME MORTGAGE, LLC 293 5.52% $12,584
LOANDEPOT.COM, LLC 253 6.22% $13,701
BROKER SOLUTIONS, INC. 247 6.44% $17,032
CROSSCOUNTRY MORTGAGE, LLC 215 6.58% $16,460
South Pacific Financial Corporation 197 5.48% $10,510
FBC MORTGAGE, LLC 188 6.22% $14,740
Paramount Residential Mortgage Group, Inc. 180 6.65% $16,244
FREEDOM MORTGAGE CORPORATION 153 6.70% $16,858
PULTE MORTGAGE LLC 147 5.75% $9,150
PENNYMAC LOAN SERVICES, LLC 141 6.10% $15,659
NFM, INC. 137 5.97% $16,001
Waterstone Mortgage Corporation 133 6.35% $16,828
KBHS HOME LOANS, LLC 124 6.00% $15,688
NEWREZ LLC 122 6.40% $16,096
VELOCIO MORTGAGE L.L.C. 119 5.43% $15,540
Plains Commerce Bank 105 6.43% $15,700
MOVEMENT MORTGAGE, LLC 105 6.61% $14,462
THE MORTGAGE FIRM, INC. 102 6.72% $12,639
CARDINAL FINANCIAL 96 6.25% $14,814
M/I FINANCIAL, LLC 89 6.33% $16,555
GUARANTEED RATE, INC. 87 6.47% $15,251
AMERICAN FINANCIAL NETWORK, INC. 84 6.71% $15,594
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 83 6.70% $13,390
First Heritage Mortgage, LLC 72 6.34% $18,964
Equity Prime Mortgage LLC 70 6.63% $15,350
AMERICAN PACIFIC MORTGAGE CORPORATION 68 6.50% $15,159
Ixonia Bank 63 6.62% $14,469
Flagstar Bank, FSB 58 6.43% $15,462
EVERETT FINANCIAL, INC. 58 6.73% $14,983
MY MORTGAGE, INC. 57 6.74% $17,149
MATTAMY HOME FUNDING, LLC 57 5.96% $12,042
CALIBER HOME LOANS, INC. 51 5.88% $15,268
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 51 6.65% $13,348
MORTGAGE EQUITY PARTNERS LLC 49 6.72% $16,061
Mortgage Lenders Investment Trading Corporation 48 6.83% $13,442
JET HOMELOANS, LLC 48 6.16% $16,081
Carrington Mortgage Services, LLC 45 6.28% $16,364
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 42 6.99% $15,862
Bank of England 42 6.32% $13,165
Mr. Cooper ( Nationstar Mortgage ) 42 6.10% $19,387
CANOPY MORTGAGE, LLC 41 6.61% $15,799
MORTGAGE FINANCIAL GROUP, INC. 41 6.83% $11,837
PLAZA HOME MORTGAGE, INC. 41 6.24% $16,370
PARK SQUARE HOME MORTGAGE, LLC 40 5.65% $14,412
NVR Mortgage Finance, Inc. 40 5.69% $16,078
UNION HOME MORTGAGE CORP. 39 6.52% $14,343
HOMEAMERICAN MORTGAGE CORPORATION 37 5.64% $9,508
HOMEBRIDGE FINANCIAL SERVICES, INC. 37 6.25% $16,069
BM Real Estate Services, Inc. 35 5.99% $19,298
SUN WEST MORTGAGE COMPANY, INC. 35 6.36% $15,838
GENEVA FINANCIAL, LLC 32 6.64% $14,875
LOANPAL, LLC 30 5.91% $13,718
ACOPIA, LLC 27 7.07% $11,987
PLANET HOME LENDING, LLC 27 6.37% $16,791
JPMorgan Chase Bank 26 6.27% $9,270
AMERISAVE MORTGAGE CORPORATION 25 6.03% $18,173
MUTUAL OF OMAHA MORTGAGE, INC. 25 6.46% $17,186
NORTHPOINT MORTGAGE, INC. 25 6.53% $12,177
South State Bank 24 6.35% $14,481
Century Mortgage Company DBA Century Lending Company 24 6.59% $14,437
GUARANTEED RATE AFFINITY, LLC 24 6.18% $14,531
Regions Bank 24 6.36% $11,717
EMM LOANS LLC 24 6.34% $17,908
SUCCESS MORTGAGE PARTNERS, INC. 24 6.46% $15,560
OCMBC, INC. 23 6.96% $16,408
Cornerstone First Mortgage, Inc 22 7.07% $14,084
GUILD MORTGAGE COMPANY 22 6.63% $15,267
CMG MORTGAGE, INC. 21 6.39% $16,845
STOCKTON MORTGAGE CORPORATION 20 6.91% $16,361
Prosperity Home Mortgage, LLC 20 6.45% $11,996
MICHIGAN MUTUAL, INC. 19 5.61% $19,295
AMERICAN BANCSHARES MORTGAGE 18 6.92% $12,806
LAKEVIEW LOAN SERVICING, LLC 18 6.03% $14,886
MILEND, INC. 17 6.61% $16,175
Nations Lending Corporation 17 6.60% $13,854
Sierra Pacific Mortgage Company, Inc. 16 6.44% $16,872
SECURITYNATIONAL MORTGAGE COMPANY 16 6.72% $15,714
HOME SOLUTION LENDERS INC. 16 5.70% $22,956
HOMESIDE FINANCIAL, LLC 15 6.28% $15,099
Lakeview Community Capital, LLC 15 5.81% $13,850
BECKAM FUNDING CORP. 14 7.17% $19,898
ABSOLUTE HOME MORTGAGE CORPORATION 14 6.51% $16,206
SOUTHPOINT FINANCIAL SERVICES, INC. 14 6.80% $10,745
TOWNE MORTGAGE COMPANY 14 6.36% $15,862
ACADEMY MORTGAGE CORPORATION 13 6.91% $13,677
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 13 6.63% $14,723
Bank of America 12 6.43% $8,937
Truist 12 5.88% $9,823
LEADERONE FINANCIAL CORPORATION 12 6.64% $14,613
MID AMERICA MORTGAGE, INC. 12 7.23% $9,488
The Federal Savings Bank 12 6.25% $16,169
AMERICAN FINANCIAL RESOURCES, INC. 12 6.55% $11,458
INTERCAP LENDING INC. 12 6.65% $15,478
VILLAGE CAPITAL MORTGAGE 12 6.11% $15,784
HOMESPIRE MORTGAGE CORPORATION 12 6.65% $13,316
PRIMELENDING, A PLAINSCAPITAL COMPANY 11 7.20% $12,143
EMBRACE HOME LOANS, INC. 11 5.99% $14,798
AMERICAN FINANCING CORPORATION 11 6.74% $14,255
TOP FLITE FINANCIAL, INC. 11 6.82% $19,633
ZILLOW HOME LOANS, LLC 10 6.28% $13,872
Hometown Equity Mortgage, LLC 10 6.46% $16,442
HOMEOWNERS FINANCIAL GROUP USA, LLC 10 6.59% $14,563
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 10 6.01% $18,776
BAY EQUITY LLC 9 6.48% $14,686
AMCAP MORTGAGE, LTD. 9 6.99% $20,522
ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.31% $13,958
CLIFFCO, INC. 9 6.94% $15,919
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 9 6.54% $13,916
LIBERTY HOME MORTGAGE CORPORATION 9 6.92% $15,748
READY MORTGAGE LENDERS, LLC 9 7.08% $18,340
LAND HOME FINANCIAL SERVICES, INC. 8 6.52% $15,505
AHL FUNDING 8 7.00% $23,727
INSPIRE HOME LOANS INC. 8 5.48% $10,341
U.S. Bank 8 6.41% $10,151
AmeriHome Mortgage Company, LLC 8 5.97% $11,784
Summit Mortgage Corporation 8 6.27% $13,612
PREMIER MORTGAGE RESOURCES, L.L.C. 8 6.22% $15,686
NATIONWIDE MORTGAGE BANKERS, INC. 8 6.92% $15,913
LADERA LENDING, INC. 7 6.25% $17,030
VERITAS FUNDING, LLC 7 6.57% $17,969
Centennial Bank 7 5.59% $12,345
Citizens Bank 7 5.63% $13,734
ALLIED MORTGAGE GROUP, INC. 7 6.43% $13,587
NETWORK CAPITAL FUNDING CORPORATION 7 5.88% $15,071
Keystone Funding, Inc. 7 6.48% $19,377
HOMESTAR FINANCIAL CORPORATION 6 6.33% $11,641
Loan Simple, Inc. 6 6.52% $17,838
FIRST COMMUNITY MORTGAGE, INC. 6 6.69% $15,216
MLB RESIDENTIAL LENDING, LLC 6 6.75% $15,065
NATIONS DIRECT MORTGAGE, LLC 6 6.85% $16,820
DAS Acquisition Company, LLC 6 6.79% $16,064
Northpointe Bank 6 6.65% $14,047
CONTOUR MORTGAGE CORPORATION 6 6.17% $19,113
OPEN MORTGAGE, LLC 6 5.96% $15,124
PNC Bank 6 6.54% $9,105
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 6.81% $18,348
Bell Bank 6 6.48% $15,865
Town Square Mortgage & Investments, Inc. 6 6.56% $11,839
American Mortgage & Equity Consultants, Inc. 6 6.38% $15,133
WATSON MORTGAGE CORP. 6 6.40% $14,117
Wells Fargo Bank 6 6.54% $12,306
PENTAGON FEDERAL CREDIT UNION 5 5.73% $12,057
First Federal Bank 5 6.25% $10,203
CALCON MUTUAL MORTGAGE LLC 4 6.66% $20,338
Gateway First Bank 4 6.00% $16,032
Florida Capital Bank 4 6.94% $16,226
NP, Inc. 4 6.37% $12,334
T2 FINANCIAL LLC 4 6.81% $11,813
US MORTGAGE CORPORATION 4 6.47% $16,770
First Horizon Bank 4 6.28% $13,866
NBKC BANK 4 6.34% $10,019
Barrington Bank & Trust Company, N.A. 4 6.13% $12,718
LOANLEADERS OF AMERICA, INC. 4 5.63% $20,954
1ST FINANCIAL, INC. 4 7.06% $18,696
BAYSHORE MORTGAGE FUNDING, LLC 4 7.00% $15,663
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 4 6.22% $15,637
Mortgage Research Center, LLC 4 6.56% $11,293
Fifth Third Bank 4 6.22% $8,218
TJC Mortgage, Inc. 4 6.75% $13,500
Ameris Bank 4 7.13% $11,244
CHURCHILL MORTGAGE CORPORATION 3 6.67% $13,724
GARDNER FINANCIAL SERVICES, LTD. 3 7.17% $15,121
PANORAMA MORTGAGE GROUP, LLC 3 7.17% $16,068
RELIANCE FIRST CAPITAL, LLC 3 6.00% $18,236
INTELLILOAN, INC. 3 6.04% $13,684
Wolfe Financial, Inc 3 6.54% $13,397
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.75% $29,386
Strong Home Mortgage, LLC 3 6.00% $9,414
FIRST ALLIANCE HOME MORTGAGE, LLC 2 6.44% $25,704
East Coast Capital Corp. 2 6.75% $17,777
DIRECT MORTGAGE LOANS, LLC 2 6.38% $13,902
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 7.75% $9,614
VANDERBILT MORTGAGE AND FINANCE, INC. 2 5.19% $22,185
DELMAR FINANCIAL COMPANY 2 6.75% $11,078
NEW FED MORTGAGE, CORP. 2 6.88% $15,468
DATA MORTGAGE, INC. 2 7.37% $16,065
NJ LENDERS CORP. 2 6.31% $12,909
Alcova Mortgage LLC 2 7.19% $8,655
PHH Mortgage Corporation 2 6.31% $8,981
Premium Mortgage Corporation 2 6.13% $14,190
VYSTAR 2 7.25% $12,437
BETTER MORTGAGE CORPORATION 2 5.50% $11,855
RESIDENTIAL BANCORP 2 6.87% $21,741
ROYAL UNITED MORTGAGE LLC 2 6.75% $9,496
Seacoast National Bank 2 7.00% $10,065
AXIA FINANCIAL, LLC 2 5.88% $12,978
SOVEREIGN LENDING GROUP INCORPORATED 2 5.44% $13,395
SPACE COAST Credit Union 2 7.13% $9,283
SUMMIT FUNDING, INC. 2 6.75% $26,284
GEO-CORP, INC. 2 7.13% $16,052
TOTAL MORTGAGE SERVICES, LLC 2 6.44% $16,038
TruHome Solutions, LLC 2 6.00% $15,242
United Community Bank 2 6.00% $14,918
UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 6.44% $17,732
First Option Mortgage, LLC 2 7.38% $17,337
FIRST MORTGAGE COMPANY, INC. 2 6.13% $9,956
Goldwater Bank, N.A. 2 6.69% $9,641
FAIRWAY FUNDING GROUP, INC. 1 7.25% $13,218
RADIUS FINANCIAL GROUP INC. 1 7.50% $12,156
Acre Mortgage and Financial Inc 1 6.49% $13,252
A&D Mortgage LLC 1 6.00% $25,205
CRESCENT MORTGAGE COMPANY 1 7.13% $15,698
EQUITY RESOURCES, INC. 1 6.25% $8,437
RESIDENTIAL HOME FUNDING CORP. 1 5.25% $11,075
RESIDENTIAL HOME MORTGAGE CORPORATION 1 5.25% $19,907
Residential Mortgage Solutions, Inc. 1 6.75% $15,298
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.38% $21,552
RUOFF MORTGAGE COMPANY, INC. 1 6.75% $12,951
Lakeland Bank 1 6.75% $7,046
SeaTrust Mortgage Company 1 6.00% $14,856
NORTHERN MORTGAGE SERVICES, LLC 1 7.00% $14,532
SHELTER HOME MORTGAGE, LLC 1 5.63% $24,023
Vellum Mortgage, Inc. 1 6.75% $21,909
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 7.63% $9,435
SOUTHERN TRUST MORTGAGE, LLC 1 7.00% $11,425
Franklin Loan Corporation 1 6.50% $17,715
BancorpSouth 1 6.38% $4,146
MEMBER FIRST MORTGAGE, LLC 1 6.75% $11,508
LEGEND LENDING CORPORATION 1 5.63% $19,171
Evolve Bank & Trust 1 7.38% $15,523
Arvest Bank 1 5.50% $10,666
FOUNDATION MORTGAGE CORPORATION 1 6.50% $18,407
Armed Forces Bank 1 7.25% $12,040
First Liberty Bank 1 6.99% $16,420
LOANFLIGHT LENDING, LLC 1 6.25% $17,349
ARC HOME LLC 1 7.13% $26,544
Synovus Bank 1 5.75% $11,532
DEVELOPER'S MORTGAGE COMPANY 1 7.75% $18,766
TBI MORTGAGE COMPANY 1 6.38% $26,044
TD Bank 1 7.38% $11,444
AmRes Corporation 1 6.75% $24,796
The Loan Store, Inc. 1 7.13% $15,279
DG PINNACLE FUNDING LLC 1 7.00% $16,421
TIDEWATER MORTGAGE SERVICES, INC. 1 7.13% $14,552
M&T Bank 1 6.75% $7,736
INTERSTATE HOME LOAN CENTER, INC. 1 6.50% $36,184
Mortgage Assurance Inc. 1 7.13% $10,985
Towne Bank 1 5.63% $18,855
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.50% $9,696
HighTechLending Inc 1 5.63% $13,966
MORTGAGE 1 INCORPORATED 1 5.38% $9,060
MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 6.75% $10,050
Commerce Home Mortgage, Inc. 1 6.25% $7,891
City National Bank of Florida 1 7.25% $9,795
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.13% $18,002
Paramount Bank 1 6.63% $12,836
HALLMARK HOME MORTGAGE, LLC 1 6.25% $12,348
PILGRIM MORTGAGE LLC 1 7.25% $10,451
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.25% $16,519
Gulf Coast Bank and Trust Company 1 7.13% $7,674
JMAC LENDING, INC. 1 6.13% $8,480
PLUS RELOCATION MORTGAGE, LLC 1 7.25% $12,525
V.I.P. MORTGAGE, INC. 1 6.13% $13,602
POINT Mortgage 1 6.25% $23,625
PREFERRED LENDING SERVICES, LLC 1 5.05% $28,117
COMMUNITY CREDIT UNION OF FLORIDA 1 5.63% $11,891
Midwest Mortgage Associates Corporation 1 7.25% $12,052
United Fidelity Funding Corp. 1 6.50% $17,511
Capital City Home Loans, LLC 1 7.00% $17,208
Capital Bank 1 6.75% $15,261
HUNT MORTGAGE CORPORATION 1 6.25% $11,106

The top Orlando FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,645 FHA loans originated. Their average total fees are $14,927, which is $4,501 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Orlando FHA lenders (with over 10 loans originated) are Bank of America ($8,937), PULTE MORTGAGE LLC ($9,150), JPMorgan Chase Bank ($9,270), MID AMERICA MORTGAGE, INC. ($9,488) and HOMEAMERICAN MORTGAGE CORPORATION ($9,508).

The lowest rate Orlando FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.35%), VELOCIO MORTGAGE L.L.C. (5.43%), South Pacific Financial Corporation (5.48%), EAGLE HOME MORTGAGE, LLC (5.52%) and MICHIGAN MUTUAL, INC. (5.61%).

Orlando FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
ORLANDO-KISSIMMEE-SANFORD, FL LAKE 2022 $420,680 $538,650 $651,050 $809,150
ORLANDO-KISSIMMEE-SANFORD, FL ORANGE 2022 $420,680 $538,650 $651,050 $809,150
ORLANDO-KISSIMMEE-SANFORD, FL OSCEOLA 2022 $420,680 $538,650 $651,050 $809,150
ORLANDO-KISSIMMEE-SANFORD, FL SEMINOLE 2022 $420,680 $538,650 $651,050 $809,150
ORLANDO-KISSIMMEE-SANFORD, FL LAKE 2023 $472,030 $604,400 $730,525 $907,900
ORLANDO-KISSIMMEE-SANFORD, FL ORANGE 2023 $472,030 $604,400 $730,525 $907,900
ORLANDO-KISSIMMEE-SANFORD, FL OSCEOLA 2023 $472,030 $604,400 $730,525 $907,900
ORLANDO-KISSIMMEE-SANFORD, FL SEMINOLE 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).