Orlando FHA Loan Rates, Closing Costs & Stats

ORLANDO-KISSIMMEE-SANFORD, FL

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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.

    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 6.16% for the week of 2024-11-08, compared to the national average (all FHA variants) of 6.425% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.43% and one month ago for the week of 2024-10-04, the average rate was 5.95%.

    The average rate one year ago was 7.09%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.65%.

    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).