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 330 lenders originated 16,303 FHA loans during 2021. The total origination value was $4,093,875,000, with an average FHA loan value of $251,112.

Orlando FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Orlando averaged 0.12% for the week of 2023-01-20, compared to the national average (all FHA variants) of 0% for the same period.

Orlando's average FHA mortgage closing costs are $8,352.

The average rate for the prior week (2023-01-13) was 6.04% and one month ago for the week of 2022-12-16, the average rate was 6.33%.

The average rate one year ago was 3.83%.

For refis of the same type during the week of 2023-01-20, the average rate was -0.47%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 1,182 2.70% $6,901
UNITED WHOLESALE MORTGAGE, LLC 801 2.77% $8,851
CALIBER HOME LOANS, INC. 765 2.92% $8,965
FREEDOM MORTGAGE CORPORATION 730 2.91% $6,667
DHI MORTGAGE COMPANY, LTD. 497 2.83% $8,993
FBC MORTGAGE, LLC 482 3.06% $9,232
PENNYMAC LOAN SERVICES, LLC 450 3.10% $5,727
LAKEVIEW LOAN SERVICING, LLC 443 3.02% $5,078
Lakeview Community Capital, LLC 364 3.03% $5,032
Mr. Cooper ( Nationstar Mortgage ) 354 3.24% $5,010
BROKER SOLUTIONS, INC. 340 3.29% $10,743
EAGLE HOME MORTGAGE, LLC 313 3.34% $10,456
CROSSCOUNTRY MORTGAGE, LLC 296 3.19% $10,006
Paramount Residential Mortgage Group, Inc. 289 3.27% $10,619
Mortgage Lenders Investment Trading Corporation 263 3.45% $7,503
LOANDEPOT.COM, LLC 254 3.21% $9,342
Equity Prime Mortgage LLC 247 3.14% $9,344
KBHS HOME LOANS, LLC 196 3.25% $11,000
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 183 3.17% $9,422
AMERICAN FINANCIAL NETWORK, INC. 178 3.33% $13,646
NEWREZ LLC 170 2.91% $6,514
Carrington Mortgage Services, LLC 170 3.45% $9,295
HOMEBRIDGE FINANCIAL SERVICES, INC. 167 3.04% $9,971
THE MORTGAGE FIRM, INC. 164 3.11% $8,844
AMERIFIRST FINANCIAL CORPORATION 147 3.47% $10,025
Plains Commerce Bank 133 2.92% $9,133
HOME POINT FINANCIAL CORPORATION 133 2.82% $8,638
South Pacific Financial Corporation 132 2.76% $10,742
PULTE MORTGAGE LLC 128 3.10% $6,374
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 128 3.18% $9,188
MATTAMY HOME FUNDING, LLC 127 2.60% $11,049
MOVEMENT MORTGAGE, LLC 125 3.28% $9,071
Waterstone Mortgage Corporation 115 3.36% $10,753
AmeriHome Mortgage Company, LLC 112 2.91% $5,155
PRIMARY RESIDENTIAL MORTGAGE, INC. 105 3.39% $11,848
VILLAGE CAPITAL MORTGAGE 99 2.97% $3,127
Summit Mortgage Corporation 90 3.13% $9,724
Hometown Lenders, Inc. 88 3.30% $10,686
PLANET HOME LENDING, LLC 87 2.90% $6,725
Flagstar Bank, FSB 86 2.72% $9,151
PANORAMA MORTGAGE GROUP, LLC 80 3.40% $10,397
HOME SOLUTION LENDERS INC. 78 2.65% $8,988
Christensen Financial, Inc. 74 3.07% $9,459
SUCCESS MORTGAGE PARTNERS, INC. 64 2.92% $9,786
MORTGAGE EQUITY PARTNERS LLC 63 3.29% $10,420
Bank of England 63 3.15% $10,026
FINANCE OF AMERICA MORTGAGE LLC 59 2.84% $9,233
HOMESPIRE MORTGAGE CORPORATION 59 3.27% $9,728
NVR Mortgage Finance, Inc. 59 3.01% $11,559
Nations Lending Corporation 54 3.22% $9,624
AMERISAVE MORTGAGE CORPORATION 54 2.88% $9,174
VELOCIO MORTGAGE L.L.C. 53 3.11% $13,974
Commerce Home Mortgage, Inc. 53 3.17% $9,619
GUARANTEED RATE, INC. 52 2.83% $9,902
InterContinental Capital Group, Inc 51 2.65% $7,413
SECURITYNATIONAL MORTGAGE COMPANY 50 3.01% $10,029
First Guaranty Mortgage Corporation 48 2.99% $8,103
HAMILTON HOME LOANS, INC. 47 3.20% $9,653
LAND HOME FINANCIAL SERVICES, INC. 44 3.57% $12,120
MORTGAGE FINANCIAL GROUP, INC. 44 2.97% $11,095
CMG MORTGAGE, INC. 42 3.22% $10,696
PARK SQUARE HOME MORTGAGE, LLC 39 2.97% $9,865
PLAZA HOME MORTGAGE, INC. 39 3.07% $8,950
Bank of America 36 2.83% $6,228
Hometown Equity Mortgage, LLC 36 3.65% $10,627
M/I FINANCIAL, LLC 35 2.70% $10,235
LOANPAL, LLC 35 2.54% $9,727
GUARANTEED RATE AFFINITY, LLC 34 2.76% $9,598
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 34 3.01% $11,625
NATIONS DIRECT MORTGAGE, LLC 33 3.25% $11,278
FIDELITY FUNDING MORTGAGE CORP. 31 2.94% $8,140
AMERICAN PACIFIC MORTGAGE CORPORATION 30 3.03% $9,678
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 30 3.26% $9,756
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 29 3.11% $9,713
SOUTHPOINT FINANCIAL SERVICES, INC. 29 3.16% $8,273
JPMorgan Chase Bank 29 3.01% $6,355
HOMEAMERICAN MORTGAGE CORPORATION 28 2.77% $6,284
EMBRACE HOME LOANS, INC. 28 3.07% $9,113
Town Square Mortgage & Investments, Inc. 28 3.32% $8,664
ROUNDPOINT MORTGAGE SERVICING CORPORATION 27 3.24% $9,110
ABSOLUTE HOME MORTGAGE CORPORATION 26 2.97% $10,607
OCEANSIDE MORTGAGE COMPANY 26 2.69% $3,542
OCMBC, INC. 26 2.96% $9,194
ANGEL OAK HOME LOANS LLC 24 2.82% $11,309
South State Bank 23 2.79% $9,171
UNION HOME MORTGAGE CORP. 23 2.97% $9,639
GUILD MORTGAGE COMPANY 23 3.05% $8,869
NORTHPOINT MORTGAGE, INC. 22 3.02% $9,204
VAN DYK MORTGAGE CORPORATION 21 3.38% $8,855
SUN WEST MORTGAGE COMPANY, INC. 21 3.07% $9,360
COLUMBUS CAPITAL LENDING, LLC 20 2.96% $11,552
Gateway First Bank 19 3.00% $8,638
Citizens Bank 19 2.68% $9,426
INTERLINC MORTGAGE SERVICES, LLC 19 3.38% $7,546
TOWNE MORTGAGE COMPANY 18 3.07% $9,945
Ixonia Bank 18 3.19% $8,869
HOMESIDE FINANCIAL, LLC 18 2.96% $9,630
The Federal Savings Bank 16 2.81% $10,706
JET HOMELOANS, LLC 16 3.27% $10,583
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 15 3.18% $10,660
First Home Bank 15 3.09% $9,699
CHURCHILL MORTGAGE CORPORATION 15 2.86% $9,306
RESIDENTIAL BANCORP. 14 3.18% $10,705
AMERICAN FINANCIAL RESOURCES, INC. 14 3.14% $9,226
DAS Acquisition Company, LLC 14 3.51% $9,190
NP, Inc. 14 2.99% $11,434
WATSON MORTGAGE CORP. 14 3.00% $9,535
LEADERONE FINANCIAL CORPORATION 13 3.58% $10,303
OPEN MORTGAGE, LLC 13 2.96% $8,492
APEX HOME LOANS, INC. 12 2.95% $8,418
Ameris Bank 11 2.95% $7,902
AMERICAN FINANCING CORPORATION 11 2.94% $8,227
Centennial Bank 11 3.07% $9,862
MID AMERICA MORTGAGE, INC. 11 3.01% $9,025
ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 3.00% $7,482
TOP FLITE FINANCIAL, INC. 11 3.20% $17,214
First Horizon Bank 11 2.75% $8,151
Alcova Mortgage LLC 11 2.78% $7,537
ACOPIA, LLC 11 3.10% $9,866
ZILLOW HOME LOANS, LLC 10 2.80% $9,568
ALLIED MORTGAGE GROUP, INC. 10 3.18% $12,075
EMM LOANS LLC 10 3.00% $12,837
First Option Mortgage, LLC 10 3.30% $9,943
HOMEOWNERS FINANCIAL GROUP USA, LLC 10 3.18% $9,753
MUTUAL OF OMAHA MORTGAGE, INC. 10 3.10% $8,500
PNC Bank 10 2.61% $7,504
Regions Bank 10 2.96% $8,237
STOCKTON MORTGAGE CORPORATION 10 2.71% $10,373
Truist 10 2.90% $7,733
Colten Mortgage, LLC 9 3.29% $6,266
BECKAM FUNDING CORP. 9 3.57% $13,872
EVERETT FINANCIAL, INC. 9 3.49% $8,057
FAMILY FIRST FUNDING LLC 9 2.92% $11,106
Amerifirst Financial, Inc. 9 3.26% $9,814
STEARNS LENDING, LLC 8 3.23% $9,228
Mortgage Unlimited, L.L.C. 8 3.44% $8,136
AmRes Corporation 8 2.77% $9,376
DATA MORTGAGE, INC. 8 3.72% $12,631
Financial Freedom Mortgage, LLC 8 3.27% $11,808
NATIONWIDE MORTGAGE BANKERS, INC. 8 3.14% $11,482
VANDERBILT MORTGAGE AND FINANCE, INC. 8 3.27% $9,555
GENEVA FINANCIAL, LLC 8 3.06% $9,028
LENDUS, LLC 8 3.44% $8,917
ACADEMY MORTGAGE CORPORATION 8 3.25% $7,195
Prosperity Home Mortgage, LLC 8 3.48% $6,908
MICHIGAN MUTUAL, INC. 7 3.20% $8,963
RELIANCE FIRST CAPITAL, LLC 7 3.18% $10,805
READY MORTGAGE LENDERS, LLC 7 3.14% $13,749
First Federal Bank 7 3.04% $8,263
Evolve Bank & Trust 7 2.82% $6,951
CELEBRITY HOME LOANS, LLC 7 3.02% $10,800
Barrington Bank & Trust Company, N.A. 7 3.14% $7,764
KELLER MORTGAGE, LLC 7 2.91% $8,275
NETWORK CAPITAL FUNDING CORPORATION 6 3.25% $9,776
BAY EQUITY LLC 6 3.12% $12,254
NATIONS RELIABLE LENDING, LLC 6 3.48% $8,893
SOUTHWEST FUNDING, LP 6 3.33% $15,927
ENVOY MORTGAGE, LTD 6 3.33% $9,819
AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 3.58% $8,648
CONTOUR MORTGAGE CORPORATION 5 2.98% $9,325
T2 FINANCIAL LLC 5 3.13% $7,914
Wells Fargo Bank 5 3.30% $5,247
M&T Bank 5 2.88% $10,085
DEVELOPER'S MORTGAGE COMPANY 5 2.85% $7,193
HUNT MORTGAGE CORPORATION 5 2.98% $7,345
SOVEREIGN LENDING GROUP INCORPORATED 5 2.75% $8,589
MORIA DEVELOPMENT, INC. 5 3.43% $9,218
Mortgage Research Center, LLC 5 2.95% $6,118
LEGEND LENDING CORPORATION 5 3.30% $10,785
GREAT WESTERN FINANCIAL SERVICES, INC. 5 3.25% $9,259
INTERCOASTAL MORTGAGE COMPANY 5 3.03% $8,690
Home Mortgage Alliance Corp 5 2.58% $10,314
1ST FINANCIAL, INC. 5 3.03% $10,169
ARC HOME LLC 5 2.63% $10,121
THE MONEY HOUSE INC. 5 2.70% $8,549
Fifth Third Bank 4 3.03% $9,747
Network Funding, L.P. 4 3.19% $9,280
AMCAP MORTGAGE, LTD. 4 2.84% $10,278
COUNTRYPLACE MORTGAGE, LTD. 4 3.25% $11,841
US MORTGAGE CORPORATION 4 3.28% $8,883
SOUTHERN TRUST MORTGAGE, LLC 4 3.22% $9,380
HOMESTAR FINANCIAL CORPORATION 4 3.00% $9,497
J. VIRGIL, INC. 4 3.00% $7,450
Loan Simple, Inc. 4 3.06% $7,747
Capital Bank 4 2.69% $10,079
Princeton Mortgage Corporation 4 3.06% $11,482
Wyndham Capital Mortgage, Inc. 4 2.75% $6,302
LIBERTY HOME MORTGAGE CORPORATION 4 3.31% $10,525
PHH Mortgage Corporation 3 3.33% $4,390
AMERICAN ADVISORS GROUP 3 2.71% $9,297
Northpointe Bank 3 3.21% $8,511
U.S. Bank 3 2.54% $9,987
GERSHMAN INVESTMENT CORP. 3 2.83% $9,621
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 3 2.79% $10,439
INLANTA MORTGAGE, INC. 3 2.96% $8,093
INTELLILOAN, INC. 3 3.00% $4,843
FIRST ALLIANCE HOME MORTGAGE, LLC 3 3.04% $10,739
HALLMARK HOME MORTGAGE, LLC 3 3.00% $9,534
JMAC LENDING, INC. 3 2.83% $7,749
Austin Capital Bank SSB 3 2.92% $10,624
SOUTHWEST STAGE FUNDING, LLC 3 3.17% $5,583
LENOX FINANCIAL MORTGAGE CORPORATION 3 2.83% $11,805
GSF Mortgage Corporation 3 3.21% $7,706
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 3.42% $9,892
Magnolia Bank 3 2.79% $11,562
BAYSHORE MORTGAGE FUNDING, LLC 3 3.13% $10,794
Bell Bank 3 2.96% $7,636
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.00% $8,006
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 3 3.54% $9,033
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 3.42% $12,460
CRESCENT MORTGAGE COMPANY 3 3.25% $8,916
BANKERS MORTGAGE LENDING, INC. 2 2.69% $8,906
FOUNDATION MORTGAGE CORPORATION 2 3.06% $10,757
Florida Capital Bank 2 3.00% $9,906
FLAT BRANCH MORTGAGE, INC. 2 3.50% $10,451
FIRST EQUITY MORTGAGE BANKERS, INC. 2 2.75% $10,153
FIRST COMMUNITY MORTGAGE, INC. 2 3.50% $10,969
INTERSTATE HOME LOAN CENTER, INC. 2 2.63% $11,615
LOANLEADERS OF AMERICA, INC. 2 2.75% $11,143
Low VA Rates, LLC 2 3.00% $5,911
Meridian Bank Corporation 2 2.38% $9,845
Neighborhood Loans, Inc. 2 3.63% $9,881
NEW DAY FINANCIAL, LLC 2 2.75% $7,382
NJ LENDERS CORP. 2 2.69% $8,444
Congressional Bank 2 2.88% $7,952
COMPASS MORTGAGE, INC. 2 2.94% $10,269
Century Mortgage Company DBA Century Lending Company 2 2.69% $7,711
CALCON MUTUAL MORTGAGE LLC 2 3.75% $11,282
POLARIS HOME FUNDING CORP. 2 2.94% $11,594
PREFERRED LENDING SERVICES, LLC 2 3.19% $8,254
Blue Ridge Bank 2 2.63% $11,070
BETTER MORTGAGE CORPORATION 2 2.25% $9,802
Renasant Bank 2 2.69% $9,882
RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 2.94% $8,311
Seacoast National Bank 2 3.31% $8,645
Sierra Pacific Mortgage Company, Inc. 2 2.94% $10,532
SIGNATURE MORTGAGE CORPORATION 2 3.38% $8,048
Strong Home Mortgage, LLC 2 2.75% $6,498
SWBC MORTGAGE CORPORATION 2 3.44% $7,459
TJC Mortgage, Inc. 2 2.75% $7,110
Total Media Management, LLC 2 2.75% $7,339
TOTAL MORTGAGE SERVICES, LLC 2 3.44% $9,320
TruHome Solutions, LLC 2 2.75% $8,399
UNITED MORTGAGE CORP. 2 2.88% $9,944
ALL WESTERN MORTGAGE, INC. 2 2.44% $9,411
George Mason Mortgage, LLC 2 3.19% $13,143
Goldwater Bank, N.A. 2 3.13% $8,310
UNITED SECURITY FINANCIAL CORP 1 3.75% $12,328
PREMIA MORTGAGE, LLC 1 2.88% $7,591
AMERICAN MORTGAGE SERVICE COMPANY 1 2.00% $7,371
DIRECTIONS EQUITY, LLC 1 3.75% $13,722
DIRECT LENDERS, LLC 1 4.00% $5,317
MLB RESIDENTIAL LENDING, LLC 1 2.63% $20,215
UNIVERSITY LENDING GROUP, LLC 1 2.75% $10,367
Quaint Oak Mortgage, LLC 1 3.88% $7,295
MILEND, INC. 1 3.13% $10,626
DIRECT MORTGAGE LOANS, LLC 1 3.63% $8,595
Wolfe Financial, Inc 1 2.38% $7,385
Mid-Continent Funding, Inc. 1 3.25% $9,179
FIRST HOME MORTGAGE CORPORATION 1 3.13% $13,980
DRAPER AND KRAMER MORTGAGE CORP. 1 2.50% $5,589
RESIDENTIAL HOME FUNDING CORP. 1 3.88% $10,361
RESIDENTIAL HOME MORTGAGE CORPORATION 1 3.50% $4,126
Residential Mortgage Solutions, Inc. 1 2.38% $8,215
HomePromise Corporation 1 2.88% $14,493
MEGA CAPITAL FUNDING, INC. 1 2.25% $16,054
ROYAL UNITED MORTGAGE LLC 1 2.75% $13,414
RUOFF MORTGAGE COMPANY, INC. 1 3.75% $6,549
First Mortgage Solutions, LLC 1 2.50% $8,722
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 3.75% $12,714
Shamrock Home Loans, Inc. 1 3.00% $5,985
SHELTER MORTGAGE COMPANY, L.L.C. 1 3.75% $6,735
First Savings Bank 1 3.00% $6,351
First United Bank and Trust Company 1 2.75% $11,738
SIRVA MORTGAGE, INC. 1 3.38% $11,378
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 3.25% $14,221
MCLEAN MORTGAGE CORPORATION 1 2.88% $5,607
BAY CAPITAL MORTGAGE CORPORATION 1 2.63% $10,245
EagleBank 1 2.25% $9,214
East Coast Capital Corp. 1 2.88% $16,050
EQUITY RESOURCES, INC. 1 2.75% $9,208
FAIRWAY FUNDING GROUP, INC. 1 2.25% $5,423
LADERA LENDING, INC. 1 3.25% $7,222
SPACE COAST Credit Union 1 2.88% $7,385
Specialized Loan Servicing LLC 1 2.25% $6,204
Kwik Mortgage Corporation 1 3.00% $8,009
KS StateBank 1 2.63% $6,931
VERITAS FUNDING, LLC 1 2.50% $12,184
AXIA FINANCIAL, LLC 1 3.75% $6,651
FAY SERVICING, LLC 1 3.13% $10,955
ASPIRE FINANCIAL, INC. 1 2.50% $6,286
GROUP ONE MORTGAGE, INC. 1 2.25% $9,093
Synovus Bank 1 3.25% $9,210
F&B Acquisition Group LLC 1 2.63% $10,102
TBI MORTGAGE COMPANY 1 2.38% $10,499
Arvest Bank 1 3.25% $8,410
The Huntington National Bank 1 2.88% $6,967
FIDELITY DIRECT MORTGAGE, LLC 1 2.25% $9,157
JET DIRECT FUNDING CORP 1 3.25% $10,262
The Union Bank Company 1 2.50% $7,590
TIDEWATER MORTGAGE SERVICES, INC. 1 2.63% $8,591
VISION ONE MORTGAGE, INC. 1 2.88% $6,223
JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 1 3.00% $10,998
Allied First Bank,sb 1 3.13% $7,925
GTE Federal Credit Union 1 3.38% $6,437
JAMES B. NUTTER & COMPANY 1 2.88% $3,437
INTERCAP LENDING INC. 1 3.13% $8,929
North American Savings Bank, F.S.B. 1 2.25% $10,262
CORNERSTONE HOME LENDING, INC. 1 3.25% $10,940
NORWICH COMMERCIAL GROUP, INC. 1 2.75% $6,028
NFM, INC. 1 3.50% $11,318
NTFN, INC. 1 2.75% $11,837
GUARANTY HOME MORTGAGE CORPORATION 1 3.13% $6,072
Independent Bank 1 2.88% $6,555
NEXERA HOLDING LLC 1 2.63% $7,486
CityWorth Mortgage LLC 1 3.25% $9,251
OVM FINANCIAL, INC. 1 3.88% $9,564
CHERRY CREEK MORTGAGE, LLC 1 2.63% $4,194
CHAMPIONS MORTGAGE LLC 1 3.25% $4,982
PARKSIDE LENDING, LLC 1 2.38% $7,811
FirstBank 1 2.75% $6,919
Credence Funding Corporation 1 2.75% $7,522
Peoples Bank 1 2.63% $10,279
NATION ONE MORTGAGE CORPORATION 1 3.25% $11,691
MORTGAGE FINANCIAL SERVICES, LLC 1 2.38% $10,327
GENNEXT FUNDING, LLC 1 2.88% $7,753
BNC National Bank 1 2.88% $9,338
PLUS RELOCATION MORTGAGE, LLC 1 3.25% $10,622
WESTERN EXPRESS LENDING 1 3.75% $9,266
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 3.00% $11,651

The top Orlando FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 1,182 FHA loans originated. Their average total fees are $6,901, which is $1,950 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Orlando FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($3,127), OCEANSIDE MORTGAGE COMPANY ($3,542), Mr. Cooper ( Nationstar Mortgage ) ($5,010), Lakeview Community Capital, LLC ($5,032) and LAKEVIEW LOAN SERVICING, LLC ($5,078).

The lowest rate Orlando FHA lenders (with over 10 loans originated) are LOANPAL, LLC (2.54%), MATTAMY HOME FUNDING, LLC (2.60%), PNC Bank (2.61%), HOME SOLUTION LENDERS INC. (2.65%) and InterContinental Capital Group, Inc (2.65%).

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Orlando (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 $299,000 (8.7%) $438,789 (7.5%) 1.11 8,938
2018-02-01 $299,950 (7.1%) $445,022 (8.0%) 1.09 8,955
2018-03-01 $309,000 (8.4%) $445,762 (6.0%) 1.08 8,935
2018-04-01 $317,945 (8.8%) $459,487 (6.6%) 1.08 8,941
2018-05-01 $319,400 (6.9%) $461,331 (7.0%) 1.07 9,088
2018-06-01 $319,617 (6.9%) $464,505 (8.4%) 1.07 9,345
2018-07-01 $318,175 (6.4%) $461,225 (8.9%) 1.06 9,766
2018-08-01 $318,750 (7.0%) $459,112 (10.0%) 1.07 9,870
2018-09-01 $310,000 (3.7%) $448,382 (6.1%) 1.04 10,170
2018-10-01 $307,945 (3.0%) $443,199 (5.0%) 1.04 10,597
2018-11-01 $302,835 (1.3%) $434,179 (1.7%) 1.03 10,690
2018-12-01 $300,000 (0.7%) $435,736 (1.2%) 1.03 10,451
2019-01-01 $299,900 (0.3%) $436,362 (-0.6%) 1.04 10,233
2019-02-01 $301,445 (0.5%) $441,293 (-0.8%) 1.02 10,325
2019-03-01 $307,573 (-0.5%) $447,955 (0.5%) 1.01 10,139
2019-04-01 $313,003 (-1.6%) $451,253 (-1.8%) 0.99 9,845
2019-05-01 $315,250 (-1.3%) $453,889 (-1.6%) 0.99 9,893
2019-06-01 $319,900 (0.1%) $451,505 (-2.8%) 1.00 9,967
2019-07-01 $322,172 (1.3%) $449,653 (-2.5%) 1.01 9,902
2019-08-01 $322,636 (1.2%) $446,592 (-2.7%) 1.02 9,799
2019-09-01 $320,591 (3.4%) $442,029 (-1.4%) 1.03 9,761
2019-10-01 $319,677 (3.8%) $438,987 (-1.0%) 1.03 9,731
2019-11-01 $319,000 (5.3%) $437,548 (0.8%) 1.05 9,557
2019-12-01 $316,785 (5.6%) $441,951 (1.4%) 1.06 9,095
2020-01-01 $314,500 (4.9%) $444,038 (1.8%) 1.05 8,707
2020-02-01 $325,000 (7.8%) $455,158 (3.1%) 1.06 8,399
2020-03-01 $323,750 (5.3%) $455,645 (1.7%) 1.01 8,486
2020-04-01 $312,500 (-0.2%) $432,915 (-4.1%) 0.98 9,179
2020-05-01 $315,000 (-0.1%) $434,566 (-4.3%) 0.96 9,181
2020-06-01 $319,945 (0.0%) $444,876 (-1.5%) 0.94 8,681
2020-07-01 $322,495 (0.1%) $449,825 (0.0%) 0.93 8,328
2020-08-01 $325,000 (0.7%) $447,123 (0.1%) 0.93 8,124
2020-09-01 $325,000 (1.4%) $453,464 (2.6%) 0.93 7,900
2020-10-01 $325,000 (1.7%) $452,288 (3.0%) 0.93 7,757
2020-11-01 $325,000 (1.9%) $456,789 (4.4%) 0.95 7,582
2020-12-01 $323,305 (2.1%) $456,819 (3.4%) 0.96 7,004
2021-01-01 $319,000 (1.4%) $461,169 (3.9%) 0.95 5,948
2021-02-01 $319,000 (-1.9%) $466,129 (2.4%) 0.93 4,928
2021-03-01 $323,701 (0.0%) $477,046 (4.7%) 0.92 4,093
2021-04-01 $327,000 (4.6%) $490,648 (13.3%) 0.89 3,563
2021-05-01 $339,993 (7.9%) $501,577 (15.4%) 0.90 3,459
2021-06-01 $354,950 (10.9%) $522,537 (17.5%) 0.93 3,701
2021-07-01 $364,500 (13.0%) $520,419 (15.7%) 0.96 4,034
2021-08-01 $374,950 (15.4%) $517,244 (15.7%) 1.00 4,216
2021-09-01 $379,950 (16.9%) $528,375 (16.5%) 1.01 4,223
2021-10-01 $389,900 (20.0%) $533,443 (17.9%) 1.04 4,121
2021-11-01 $384,950 (18.5%) $535,589 (17.3%) 1.03 3,819
2021-12-01 $389,900 (20.6%) $531,255 (16.3%) 1.06 3,400
2022-01-01 $397,000 (24.5%) $550,781 (19.4%) 1.07 2,833
2022-02-01 $397,450 (24.6%) $568,783 (22.0%) 1.03 2,545
2022-03-01 $412,500 (27.4%) $588,933 (23.5%) 1.03 2,523
2022-04-01 $429,900 (31.5%) $609,907 (24.3%) 1.03 2,773
2022-05-01 $450,000 (32.4%) $626,892 (25.0%) 1.03 3,693
2022-06-01 $465,000 (31.0%) $625,951 (19.8%) 1.04 4,891
2022-07-01 $464,900 (27.5%) $615,994 (18.4%) 1.05 6,815
2022-08-01 $452,500 (20.7%) $597,298 (15.5%) 1.05 7,360
2022-09-01 $449,235 (18.2%) $585,017 (10.7%) 1.05 7,549
2022-10-01 $445,000 (14.1%) $589,092 (10.4%) 1.05 7,400
2022-11-01 $439,406 (14.2%) $581,268 (8.5%) 1.06 7,848
2022-12-01 $429,990 (10.3%) $578,410 (8.9%) 1.08 7,458
Orlando's median listing price for 2022-12-01 was $429,990, a difference of $40,090 (10.3%) versus the prior year and $-9,416 versus the prior month.

Orlando's median listing price comes in at 108% of the national average.

Orlando's average listing price for 2022-12-01 was $578,410, a difference of $47,155 (8.9%) versus the prior year and $-2,858 versus the prior month.

For the 2022-12-01 period, Orlando had 7,458 MLS listings, a difference of -390 listings (-5%) versus the prior month and 4,058 listings (119%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Orlando (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 76 days 2,112 sqft
2018-02-01 68 days 2,128 sqft
2018-03-01 57 days 2,161 sqft
2018-04-01 58 days 2,184 sqft
2018-05-01 58 days 2,166 sqft
2018-06-01 58 days 2,173 sqft
2018-07-01 59 days 2,162 sqft
2018-08-01 60 days 2,146 sqft
2018-09-01 61 days 2,099 sqft
2018-10-01 60 days 2,088 sqft
2018-11-01 62 days 2,054 sqft
2018-12-01 69 days 2,044 sqft
2019-01-01 75 days 2,037 sqft
2019-02-01 68 days 2,042 sqft
2019-03-01 62 days 2,064 sqft
2019-04-01 59 days 2,083 sqft
2019-05-01 58 days 2,100 sqft
2019-06-01 59 days 2,106 sqft
2019-07-01 59 days 2,113 sqft
2019-08-01 61 days 2,104 sqft
2019-09-01 64 days 2,092 sqft
2019-10-01 66 days 2,085 sqft
2019-11-01 63 days 2,081 sqft
2019-12-01 69 days 2,079 sqft
2020-01-01 73 days 2,062 sqft
2020-02-01 67 days 2,070 sqft
2020-03-01 56 days 2,069 sqft
2020-04-01 58 days 2,008 sqft
2020-05-01 68 days 1,992 sqft
2020-06-01 73 days 1,989 sqft
2020-07-01 63 days 1,987 sqft
2020-08-01 59 days 1,975 sqft
2020-09-01 59 days 1,950 sqft
2020-10-01 59 days 1,920 sqft
2020-11-01 60 days 1,914 sqft
2020-12-01 65 days 1,903 sqft
2021-01-01 71 days 1,866 sqft
2021-02-01 64 days 1,828 sqft
2021-03-01 51 days 1,828 sqft
2021-04-01 43 days 1,805 sqft
2021-05-01 37 days 1,800 sqft
2021-06-01 35 days 1,847 sqft
2021-07-01 36 days 1,852 sqft
2021-08-01 36 days 1,864 sqft
2021-09-01 38 days 1,867 sqft
2021-10-01 41 days 1,888 sqft
2021-11-01 43 days 1,849 sqft
2021-12-01 60 days 1,853 sqft
2022-01-01 44 days 1,848 sqft
2022-02-01 35 days 1,821 sqft
2022-03-01 31 days 1,827 sqft
2022-04-01 31 days 1,847 sqft
2022-05-01 27 days 1,911 sqft
2022-06-01 29 days 1,950 sqft
2022-07-01 31 days 1,960 sqft
2022-08-01 40 days 1,938 sqft
2022-09-01 49 days 1,914 sqft
2022-10-01 57 days 1,914 sqft
2022-11-01 62 days 1,914 sqft
2022-12-01 70 days 1,902 sqft
Orlando's median listing age (time on market) for 2022-12-01 was 70 days. This is 17% longer than the same period one year ago.

Orlando's median square footage for active listings during the 2022-12-01 period was 1,902 sqft. One year prior, the average listing was 1,853 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).