Port St. Lucie FHA Loan Rates, Closing Costs & Stats

PORT ST. LUCIE, 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.

    Port St. Lucie's 192 lenders originated 2,972 FHA loans during 2023. The total origination value was $981,720,000, with an average FHA loan value of $330,323.

    Port St. Lucie FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Port St. Lucie averaged 6.43% for the week of 2024-07-19, compared to the national average (all FHA variants) of 6.59% for the same period.

    Port St. Lucie's average FHA mortgage closing costs are $9,984.

    The average rate for the prior week (2024-07-12) was 6.49% and one month ago for the week of 2024-06-14, the average rate was 6.54%.

    The average rate one year ago was 6.93%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.71%.

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

    Port St. Lucie 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 Port St. Lucie level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 487 6.34% $15,701
    QUICKEN LOANS, LLC 225 6.18% $14,021
    CROSSCOUNTRY MORTGAGE, LLC 136 6.70% $15,192
    LOANDEPOT.COM, LLC 132 6.51% $12,228
    DHI MORTGAGE COMPANY, LTD. 124 5.12% $10,141
    Paramount Residential Mortgage Group, Inc. 65 6.62% $16,595
    NVR Mortgage Finance, Inc. 65 6.08% $12,403
    CARDINAL FINANCIAL 64 6.29% $15,009
    FREEDOM MORTGAGE CORPORATION 64 6.63% $15,912
    FBC MORTGAGE, LLC 43 6.37% $12,336
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 40 6.75% $15,782
    EAGLE HOME MORTGAGE, LLC 40 5.54% $13,359
    Flagstar Bank, FSB 40 6.53% $15,343
    PENNYMAC LOAN SERVICES, LLC 35 6.12% $16,809
    EVERETT FINANCIAL, INC. 33 6.86% $13,297
    ACOPIA, LLC 33 6.94% $15,601
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 31 6.16% $14,925
    NEWREZ LLC 30 6.46% $14,760
    BAY EQUITY LLC 27 6.79% $17,230
    THE MORTGAGE FIRM, INC. 27 6.68% $13,036
    AMERICAN FINANCIAL NETWORK, INC. 26 6.72% $14,703
    EMM LOANS LLC 25 6.43% $13,119
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 25 6.85% $16,505
    ABSOLUTE HOME MORTGAGE CORPORATION 24 6.63% $18,051
    BROKER SOLUTIONS, INC. 22 6.65% $15,245
    SWBC MORTGAGE CORPORATION 21 6.84% $12,333
    PLAZA HOME MORTGAGE, INC. 20 6.19% $16,377
    MOVEMENT MORTGAGE, LLC 20 6.24% $15,549
    Plains Commerce Bank 19 6.41% $16,816
    AMERICAN PACIFIC MORTGAGE CORPORATION 19 6.63% $17,217
    MATTAMY HOME FUNDING, LLC 18 6.20% $13,177
    Carrington Mortgage Services, LLC 18 6.08% $15,037
    HOMESIDE FINANCIAL, LLC 16 6.72% $16,571
    NP, Inc. 15 6.67% $17,591
    PRIMELENDING, A PLAINSCAPITAL COMPANY 15 6.78% $13,566
    PRIMARY RESIDENTIAL MORTGAGE, INC. 15 6.58% $19,193
    MUTUAL OF OMAHA MORTGAGE, INC. 14 6.42% $15,995
    Hometown Equity Mortgage, LLC 14 6.51% $18,368
    South State Bank 13 6.53% $9,922
    SUN WEST MORTGAGE COMPANY, INC. 13 6.41% $16,486
    Mr. Cooper ( Nationstar Mortgage ) 12 6.10% $14,962
    Century Mortgage Company DBA Century Lending Company 12 6.58% $14,122
    Equity Prime Mortgage LLC 12 7.00% $17,973
    BECKAM FUNDING CORP. 11 6.98% $25,116
    Cornerstone First Mortgage, Inc 10 6.90% $16,577
    Waterstone Mortgage Corporation 10 6.63% $16,664
    GUARANTEED RATE, INC. 10 6.33% $15,654
    GUARANTEED RATE AFFINITY, LLC 9 6.65% $13,384
    AMERISAVE MORTGAGE CORPORATION 8 6.48% $13,724
    GENEVA FINANCIAL, LLC 8 6.86% $18,021
    Sierra Pacific Mortgage Company, Inc. 8 6.06% $20,099
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 7 6.80% $15,874
    ACADEMY MORTGAGE CORPORATION 7 6.55% $14,378
    NFM, INC. 7 6.52% $15,663
    LOANPAL, LLC 7 5.68% $11,986
    AMCAP MORTGAGE, LTD. 7 6.94% $17,639
    PLANET HOME LENDING, LLC 7 6.77% $13,301
    NATIONWIDE MORTGAGE BANKERS, INC. 7 6.88% $16,413
    East Coast Capital Corp. 6 6.60% $17,919
    Regions Bank 6 5.73% $17,189
    Northpointe Bank 6 6.52% $13,757
    TIDEWATER MORTGAGE SERVICES, INC. 6 6.52% $15,003
    LAKEVIEW LOAN SERVICING, LLC 6 6.19% $13,943
    NATIONS DIRECT MORTGAGE, LLC 6 6.46% $15,182
    OCMBC, INC. 5 6.37% $19,226
    The Federal Savings Bank 5 6.05% $21,245
    CALIBER HOME LOANS, INC. 5 5.98% $10,666
    T2 FINANCIAL LLC 5 6.48% $15,973
    US MORTGAGE CORPORATION 5 6.25% $16,334
    STOCKTON MORTGAGE CORPORATION 5 5.73% $17,666
    GoPrime Mortgage, Inc. 5 6.45% $18,003
    Seacoast National Bank 5 6.40% $12,962
    JMAC LENDING, INC. 5 6.68% $15,090
    Lakeview Community Capital, LLC 5 5.95% $16,114
    PULTE MORTGAGE LLC 5 6.53% $11,200
    MID AMERICA MORTGAGE, INC. 5 7.03% $11,109
    AmeriHome Mortgage Company, LLC 5 5.78% $16,134
    Nations Lending Corporation 5 6.60% $15,949
    AMERICAN BANCSHARES MORTGAGE 4 6.81% $18,119
    VAN DYK MORTGAGE CORPORATION 4 6.66% $9,919
    VERITAS FUNDING, LLC 4 6.81% $19,142
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.44% $16,571
    RADIUS FINANCIAL GROUP INC. 4 6.71% $10,050
    FIRST ALLIANCE HOME MORTGAGE, LLC 4 6.53% $17,745
    TOWNE MORTGAGE COMPANY 4 6.19% $20,801
    U.S. Bank 4 5.94% $14,165
    Loan Simple, Inc. 4 6.94% $18,534
    The Loan Store, Inc. 4 6.63% $19,387
    BAYSHORE MORTGAGE FUNDING, LLC 4 6.50% $13,888
    CMG MORTGAGE, INC. 4 6.91% $13,582
    CASTLE & COOKE MORTGAGE, LLC 3 6.66% $19,654
    CONTOUR MORTGAGE CORPORATION 3 6.21% $18,337
    GSF Mortgage Corporation 3 6.29% $16,843
    SUCCESS MORTGAGE PARTNERS, INC. 3 7.08% $15,859
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.33% $17,796
    ROYAL UNITED MORTGAGE LLC 3 6.96% $10,258
    TD Bank 3 6.21% $8,499
    CALCON MUTUAL MORTGAGE LLC 3 6.50% $21,790
    First Horizon Bank 3 6.33% $10,606
    INTELLILOAN, INC. 3 6.16% $11,216
    TOTAL MORTGAGE SERVICES, LLC 3 6.29% $14,208
    JPMorgan Chase Bank 3 6.66% $9,775
    Bank of America 3 6.67% $10,232
    Mortgage Research Center, LLC 3 6.38% $8,524
    VILLAGE CAPITAL MORTGAGE 3 6.42% $12,014
    LEADERONE FINANCIAL CORPORATION 3 6.38% $12,633
    NORTHPOINT MORTGAGE, INC. 3 5.92% $11,305
    Prosperity Home Mortgage, LLC 3 6.17% $12,716
    COMPASS MORTGAGE, INC. 3 6.58% $10,635
    ZILLOW HOME LOANS, LLC 2 5.75% $12,201
    AHL FUNDING 2 7.06% $20,334
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.75% $18,956
    CHURCHILL MORTGAGE CORPORATION 2 6.25% $12,938
    EMBRACE HOME LOANS, INC. 2 6.50% $14,410
    FIRST COMMUNITY MORTGAGE, INC. 2 6.81% $14,689
    FIRST EQUITY MORTGAGE BANKERS, INC. 2 6.81% $13,131
    INSPIRE HOME LOANS INC. 2 6.50% $13,059
    Ixonia Bank 2 7.94% $15,014
    J. VIRGIL, INC. 2 6.31% $16,562
    Keystone Funding, Inc. 2 6.56% $13,629
    MILEND, INC. 2 6.69% $16,069
    MORTGAGE EQUITY PARTNERS LLC 2 6.75% $15,600
    MY MORTGAGE, INC. 2 6.88% $16,242
    NEW DAY FINANCIAL, LLC 2 7.25% $8,381
    NORWICH COMMERCIAL GROUP, INC. 2 6.25% $13,069
    PENTAGON FEDERAL CREDIT UNION 2 6.38% $13,477
    PHH Mortgage Corporation 2 6.56% $14,835
    RESIDENTIAL BANCORP 2 6.19% $15,385
    South Pacific Financial Corporation 2 5.44% $12,995
    SOUTHPOINT FINANCIAL SERVICES, INC. 2 7.19% $12,814
    Synovus Bank 2 6.06% $13,953
    TruHome Solutions, LLC 2 6.06% $14,113
    United Fidelity Funding Corp. 2 7.25% $15,612
    PINNACLE MORTGAGE, INC. 1 7.25% $9,253
    M&T Bank 1 6.50% $18,681
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $30,070
    Mortgage Lenders Investment Trading Corporation 1 6.25% $15,385
    PNC Bank 1 7.88% $9,249
    POINT Mortgage 1 7.63% $18,748
    PREMIA MORTGAGE, LLC 1 5.75% $8,429
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.50% $17,325
    Premium Mortgage Corporation 1 6.38% $26,121
    MORTGAGE INVESTORS GROUP, INC. 1 7.13% $17,880
    MLB RESIDENTIAL LENDING, LLC 1 6.88% $18,053
    MICHIGAN MUTUAL, INC. 1 6.13% $15,820
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 7.25% $15,456
    LIBERTY HOME MORTGAGE CORPORATION 1 6.25% $23,856
    LADERA LENDING, INC. 1 7.50% $12,894
    READY MORTGAGE LENDERS, LLC 1 6.88% $17,029
    HOMESTAR FINANCIAL CORPORATION 1 7.25% $9,487
    RELIANCE FIRST CAPITAL, LLC 1 6.50% $13,325
    Ameris Bank 1 6.25% $11,209
    RESIDENTIAL HOME FUNDING CORP. 1 6.00% $22,270
    HOME FINANCING CENTER, INC. 1 7.63% $27,016
    RUOFF MORTGAGE COMPANY, INC. 1 5.25% $8,626
    Hawthorn Bank 1 6.75% $10,075
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $22,725
    HARTFORD FUNDING, LTD. 1 7.00% $9,306
    ALLIED MORTGAGE GROUP, INC. 1 7.00% $8,336
    V.I.P. MORTGAGE, INC. 1 6.25% $14,033
    GUILD MORTGAGE COMPANY 1 6.63% $13,633
    Goldwater Bank, N.A. 1 7.63% $11,677
    George Mason Mortgage, LLC 1 6.75% $11,826
    SUMMIT FUNDING, INC. 1 6.75% $20,961
    Summit Mortgage Corporation 1 6.13% $12,916
    Gateway First Bank 1 6.75% $12,982
    Franklin Loan Corporation 1 6.00% $17,643
    1ST FINANCIAL, INC. 1 6.75% $20,483
    FLAT BRANCH MORTGAGE, INC. 1 7.25% $9,531
    First Savings Bank 1 5.75% $22,039
    Fifth Third Bank 1 6.00% $8,754
    FAIR WAY LENDING LLC 1 5.75% $14,477
    ENDEAVOR CAPITAL, LLC. 1 6.99% $9,420
    Encompass Lending Group, LP 1 7.63% $12,264
    TOP FLITE FINANCIAL, INC. 1 7.25% $30,017
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.75% $6,350
    City National Bank of Florida 1 6.49% $12,692
    Wyndham Capital Mortgage, Inc. 1 5.25% $9,972
    Truist 1 6.25% $7,081
    UNION CAPITAL MORTGAGE CORPORATION 1 6.88% $19,066
    1ST 2ND MORTGAGE COMPANY OF N.J., INC. 1 6.00% $11,537
    UNITED SECURITY FINANCIAL CORP 1 7.50% $14,198
    Citizens Bank 1 6.00% $9,446
    Capital City Home Loans, LLC 1 6.75% $12,010
    NETWORK CAPITAL FUNDING CORPORATION 1 6.13% $6,867
    NBKC BANK 1 5.99% $8,648
    ON Q FINANCIAL, INC. 1 7.25% $15,383
    PANORAMA MORTGAGE GROUP, LLC 1 5.63% $22,000
    NATION ONE MORTGAGE CORPORATION 1 6.50% $20,132
    NASA Federal Credit Union 1 7.25% $9,453
    BETTER MORTGAGE CORPORATION 1 6.63% $11,123
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.50% $5,292

    The top Port St. Lucie FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 487 FHA loans originated. Their average total fees are $15,701, which is $1,679 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Port St. Lucie FHA lenders (with over 10 loans originated) are South State Bank ($9,922), DHI MORTGAGE COMPANY, LTD. ($10,141), LOANDEPOT.COM, LLC ($12,228), SWBC MORTGAGE CORPORATION ($12,333) and FBC MORTGAGE, LLC ($12,336).

    The lowest rate Port St. Lucie FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.12%), EAGLE HOME MORTGAGE, LLC (5.54%), Carrington Mortgage Services, LLC (6.08%), NVR Mortgage Finance, Inc. (6.08%) and Mr. Cooper ( Nationstar Mortgage ) (6.10%).

    Port St. Lucie FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    PORT ST. LUCIE, FL MARTIN 2022 $431,250 $552,050 $667,350 $829,350
    PORT ST. LUCIE, FL ST. LUCIE 2022 $431,250 $552,050 $667,350 $829,350
    PORT ST. LUCIE, FL MARTIN 2023 $500,250 $640,400 $774,100 $962,050
    PORT ST. LUCIE, FL ST. LUCIE 2023 $500,250 $640,400 $774,100 $962,050

    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).