Oshkosh FHA Loan Rates, Closing Costs & Stats

OSHKOSH-NEENAH, WI

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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.

    Oshkosh's 62 lenders originated 257 FHA loans during 2024. The total origination value was $54,065,000, with an average FHA loan value of $210,370.

    Oshkosh FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Oshkosh averaged 0.28% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Oshkosh's average FHA mortgage closing costs are $6,247.

    The average rate for the prior week (2025-06-13) was 6.86% and one month ago for the week of 2025-05-16, the average rate was 6.92%.

    The average rate one year ago was 7.08%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.35%.

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

    Oshkosh 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 Oshkosh level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 24 6.46% $9,957
    GUILD MORTGAGE COMPANY 18 6.82% $8,049
    PENNYMAC LOAN SERVICES, LLC 16 6.27% $8,148
    PRIMARY RESIDENTIAL MORTGAGE, INC. 11 7.03% $10,803
    FREEDOM MORTGAGE CORPORATION 11 6.61% $8,498
    UNITED WHOLESALE MORTGAGE, LLC 10 6.02% $10,641
    Nations Lending Corporation 9 7.06% $9,126
    LOANDEPOT.COM, LLC 8 6.53% $9,256
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.70% $10,419
    Associated Bank 6 6.38% $5,691
    Waterstone Mortgage Corporation 6 7.38% $9,231
    Home State Bank 6 6.89% $7,418
    BROKER SOLUTIONS, INC. 5 6.65% $12,375
    LAKEVIEW LOAN SERVICING, LLC 5 6.83% $7,963
    GUARANTEED RATE, INC. 5 6.90% $8,845
    U.S. Bank 5 6.35% $7,830
    Paramount Residential Mortgage Group, Inc. 4 6.66% $8,478
    Ixonia Bank 4 7.03% $9,259
    TOWNE MORTGAGE COMPANY 3 6.92% $9,217
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.75% $11,893
    FIRST COLONY MORTGAGE CORPORATION 3 6.58% $12,584
    V.I.P. MORTGAGE, INC. 3 6.29% $6,022
    Carrington Mortgage Services, LLC 3 6.50% $10,921
    CARDINAL FINANCIAL 3 6.79% $11,554
    First Federal Bank 3 7.00% $6,404
    MICHIGAN MUTUAL, INC. 2 6.25% $10,573
    Mr. Cooper ( Nationstar Mortgage ) 2 7.25% $12,830
    PLANET HOME LENDING, LLC 2 6.44% $4,083
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.50% $6,216
    AMERICAN FINANCIAL NETWORK, INC. 2 6.69% $11,848
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.31% $8,309
    ZILLOW HOME LOANS, LLC 2 5.81% $10,427
    LOANPAL, LLC 2 6.13% $12,554
    Mortgage Research Center, LLC 2 6.81% $6,435
    UNION HOME MORTGAGE CORP. 1 7.13% $10,556
    AMERICAN FINANCING CORPORATION 1 6.00% $9,111
    American Mortgage & Equity Consultants, Inc. 1 6.50% $7,893
    AmeriHome Mortgage Company, LLC 1 6.63% $5,611
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $7,733
    AXIA FINANCIAL, LLC 1 6.75% $12,185
    Bank Five Nine 1 6.50% $9,068
    Barrington Bank & Trust Company, N.A. 1 7.50% $5,951
    BMO Harris Bank 1 7.13% $5,251
    Century Mortgage Company DBA Century Lending Company 1 6.25% $9,132
    CHURCHILL MORTGAGE CORPORATION 1 7.50% $4,314
    ENDEAVOR CAPITAL, LLC. 1 6.49% $5,584
    Equity Prime Mortgage LLC 1 7.75% $8,834
    Flagstar Bank, FSB 1 6.63% $11,773
    GSF Mortgage Corporation 1 6.25% $8,714
    GUARANTEED RATE AFFINITY, LLC 1 6.75% $8,112
    MOVEMENT MORTGAGE, LLC 1 7.25% $8,187
    M&T Bank 1 6.25% $5,798
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $8,928
    NEWREZ LLC 1 6.13% $15,918
    Old National Bank 1 5.63% $5,726
    Paramount Bank 1 6.25% $9,825
    POINT Mortgage 1 6.50% $8,109
    Prosperity Home Mortgage, LLC 1 6.13% $6,973
    Sierra Pacific Mortgage Company, Inc. 1 6.13% $13,493
    The Huntington National Bank 1 6.75% $5,249
    VILLAGE CAPITAL MORTGAGE 1 6.63% $2,279
    Wolfe Financial, Inc 1 7.63% $12,151

    The top Oshkosh FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 24 FHA loans originated. Their average total fees are $9,957, which is $1,908 higher than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Oshkosh FHA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($8,049), PENNYMAC LOAN SERVICES, LLC ($8,148), FREEDOM MORTGAGE CORPORATION ($8,498), QUICKEN LOANS, LLC ($9,957) and UNITED WHOLESALE MORTGAGE, LLC ($10,641).

    The lowest rate Oshkosh FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.02%), PENNYMAC LOAN SERVICES, LLC (6.27%), QUICKEN LOANS, LLC (6.46%), FREEDOM MORTGAGE CORPORATION (6.61%) and GUILD MORTGAGE COMPANY (6.82%).

    Oshkosh FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    OSHKOSH-NEENAH, WI WINNEBAGO 2022 $420,680 $538,650 $651,050 $809,150
    OSHKOSH-NEENAH, WI WINNEBAGO 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).