Port St. Lucie FHA Loans

PORT ST. LUCIE, 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.

Port St. Lucie's 218 lenders originated 4,941 FHA loans during 2021. The total origination value was $1,277,785,000, with an average FHA loan value of $258,609.

Port St. Lucie FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Port St. Lucie averaged 5.23% for the week of 2022-05-20, compared to the national average (all FHA variants) of 5.352% for the same period.

The average rate for the prior week (2022-05-13) was 5.44% and one month ago for the week of 2022-04-15, the average rate was 4.83%.

The average rate one year ago was 3.2%.

For refis of the same type during the week of 2022-05-20, the average rate was 4.98%.

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 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 373 2.71% $7,149
CROSSCOUNTRY MORTGAGE, LLC 244 3.13% $10,193
UNITED WHOLESALE MORTGAGE, LLC 225 2.77% $9,391
SHELTER MORTGAGE COMPANY, L.L.C. 209 3.16% $9,094
FREEDOM MORTGAGE CORPORATION 179 2.91% $7,096
FBC MORTGAGE, LLC 165 3.08% $8,958
CALIBER HOME LOANS, INC. 161 2.87% $8,891
Paramount Residential Mortgage Group, Inc. 126 3.28% $11,039
LAKEVIEW LOAN SERVICING, LLC 116 3.05% $5,496
DHI MORTGAGE COMPANY, LTD. 113 2.86% $8,562
PENNYMAC LOAN SERVICES, LLC 111 3.01% $6,094
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 92 3.01% $10,103
LOANDEPOT.COM, LLC 92 3.21% $9,868
NEWREZ LLC 91 2.92% $7,358
PRIMARY RESIDENTIAL MORTGAGE, INC. 88 3.46% $10,648
AMERICAN FINANCIAL NETWORK, INC. 78 3.18% $15,743
SWBC MORTGAGE CORPORATION 67 3.27% $7,977
Mr. Cooper ( Nationstar Mortgage ) 65 3.20% $4,967
Equity Prime Mortgage LLC 64 3.35% $9,352
ACOPIA, LLC 58 3.40% $10,780
HOME POINT FINANCIAL CORPORATION 58 2.79% $9,518
Lakeview Community Capital, LLC 56 3.06% $4,904
PLANET HOME LENDING, LLC 56 2.83% $7,339
EMM LOANS LLC 52 3.24% $8,894
HAMILTON HOME LOANS, INC. 49 3.30% $10,683
Flagstar Bank, FSB 47 2.83% $9,864
BAY EQUITY LLC 46 3.14% $9,716
Carrington Mortgage Services, LLC 43 3.53% $9,596
U.S. Bank 42 2.91% $9,541
CALCON MUTUAL MORTGAGE LLC 42 3.89% $9,325
Christensen Financial, Inc. 39 3.23% $9,129
EAGLE HOME MORTGAGE, LLC 37 3.22% $9,816
VILLAGE CAPITAL & INVESTMENT LLC 35 2.93% $2,895
AmeriHome Mortgage Company, LLC 34 3.03% $4,860
NVR Mortgage Finance, Inc. 32 3.14% $10,537
GUARANTEED RATE, INC. 30 2.90% $9,003
Mortgage Lenders Investment Trading Corporation 30 3.54% $8,810
BROKER SOLUTIONS, INC. 30 2.97% $9,433
ACADEMY MORTGAGE CORPORATION 29 3.22% $10,092
GROUP ONE MORTGAGE, INC. 26 2.96% $8,320
THE MORTGAGE FIRM, INC. 25 3.22% $9,410
HOMEBRIDGE FINANCIAL SERVICES, INC. 24 2.97% $8,252
NP, Inc. 23 3.03% $11,118
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 23 2.96% $11,261
ABSOLUTE HOME MORTGAGE CORPORATION 22 3.10% $11,684
CAPITAL PARTNERS MORTGAGE, LLC 21 3.35% $9,795
PRIMELENDING, A PLAINSCAPITAL COMPANY 21 3.52% $9,787
InterContinental Capital Group, Inc 18 2.93% $8,706
FIDELITY FUNDING MORTGAGE CORP. 18 2.78% $7,695
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 18 3.19% $10,129
GENEVA FINANCIAL, LLC 17 3.26% $9,363
CMG MORTGAGE, INC. 15 3.11% $10,699
AMERICAN PACIFIC MORTGAGE CORPORATION 14 3.27% $9,657
Seacoast National Bank 14 2.84% $8,672
PLAZA HOME MORTGAGE, INC. 13 2.92% $11,974
SUN WEST MORTGAGE COMPANY, INC. 13 2.72% $8,365
MATTAMY HOME FUNDING, LLC 13 2.63% $10,952
Hometown Equity Mortgage, LLC 13 3.75% $11,524
CELEBRITY HOME LOANS, LLC 13 3.05% $8,643
Citizens Bank 13 2.89% $8,381
First Guaranty Mortgage Corporation 12 2.99% $9,521
Gateway First Bank 12 3.25% $8,607
MOVEMENT MORTGAGE, LLC 12 3.46% $8,426
SUCCESS MORTGAGE PARTNERS, INC. 12 3.15% $11,439
HOMESIDE FINANCIAL, LLC 12 2.98% $8,595
GUARANTEED RATE AFFINITY, LLC 11 2.98% $9,017
Commerce Home Mortgage, Inc. 11 3.07% $10,759
JPMorgan Chase Bank 10 2.94% $6,542
VAN DYK MORTGAGE CORPORATION 10 3.51% $7,991
The Federal Savings Bank 9 2.81% $10,887
AMERISAVE MORTGAGE CORPORATION 9 3.21% $6,962
EVERETT FINANCIAL, INC. 9 3.60% $7,255
Goldwater Bank, N.A. 9 3.03% $10,200
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 9 2.94% $9,502
PULTE MORTGAGE LLC 8 3.44% $9,090
J. VIRGIL, INC. 8 2.95% $9,737
COMPASS MORTGAGE, INC. 7 2.84% $8,675
Mortgage Research Center, LLC 7 2.95% $6,991
LEADERONE FINANCIAL CORPORATION 7 3.48% $8,382
South State Bank 7 2.88% $8,857
OCEANSIDE MORTGAGE COMPANY 7 2.70% $3,366
FINANCE OF AMERICA MORTGAGE LLC 7 2.63% $12,102
AMERIFIRST FINANCIAL CORPORATION 7 3.89% $9,634
STEARNS LENDING, LLC 7 2.73% $9,494
BAYSHORE MORTGAGE FUNDING, LLC 7 2.91% $9,973
FOUNDATION MORTGAGE CORPORATION 7 3.11% $10,123
UNION HOME MORTGAGE CORP. 6 2.65% $8,243
MICHIGAN MUTUAL, INC. 6 2.92% $8,992
UNITED MORTGAGE CORP. 6 3.38% $11,168
ARC HOME LLC 6 3.13% $9,837
GSF Mortgage Corporation 6 3.35% $12,589
TOP FLITE FINANCIAL, INC. 6 3.21% $15,074
Plains Commerce Bank 6 2.79% $7,546
NATIONS DIRECT MORTGAGE, LLC 6 3.35% $12,496
Wells Fargo Bank 5 3.18% $7,151
OCMBC, INC. 5 2.93% $8,177
EMBRACE HOME LOANS, INC. 5 2.92% $8,391
HOMESPIRE MORTGAGE CORPORATION 5 3.50% $10,385
INSPIRE HOME LOANS INC. 5 3.23% $9,399
TOTAL MORTGAGE SERVICES, LLC 5 3.38% $9,564
1ST FINANCIAL, INC. 5 2.85% $11,503
Northpointe Bank 4 2.97% $10,721
Nations Lending Corporation 4 3.03% $11,201
MUTUAL OF OMAHA MORTGAGE, INC. 4 3.19% $9,127
Colten Mortgage, LLC 4 3.22% $4,685
Waterstone Mortgage Corporation 4 3.28% $12,549
FIRST EQUITY MORTGAGE BANKERS, INC. 4 2.94% $12,511
Regions Bank 4 2.69% $8,403
Financial Freedom Mortgage, LLC 4 2.90% $7,508
Prosperity Home Mortgage, LLC 4 3.16% $8,842
ALLIED MORTGAGE GROUP, INC. 4 2.88% $12,170
Ixonia Bank 4 3.31% $11,509
Barrington Bank & Trust Company, N.A. 3 3.02% $9,386
SECURITYNATIONAL MORTGAGE COMPANY 3 3.42% $10,260
RESIDENTIAL HOME FUNDING CORP. 3 3.00% $9,579
COLUMBUS CAPITAL LENDING, LLC 3 3.33% $13,033
RESIDENTIAL BANCORP. 3 3.46% $7,212
AMERICAN FINANCIAL RESOURCES, INC. 3 3.25% $9,266
TOWNE MORTGAGE COMPANY 3 3.13% $11,131
Truist Bank 3 3.21% $8,967
ZILLOW HOME LOANS, LLC 3 3.21% $8,290
A&D Mortgage LLC 3 2.96% $9,483
UNIVERSITY LENDING GROUP, LLC 3 2.96% $7,139
JMAC LENDING, INC. 3 3.25% $7,584
MORTGAGE EQUITY PARTNERS LLC 3 3.63% $10,810
AMCAP MORTGAGE, LTD. 3 3.21% $12,565
T2 FINANCIAL LLC 2 3.13% $7,076
Advisors Mortgage Group, L.L.C. 2 3.25% $9,817
AMERICAN FINANCING CORPORATION 2 3.31% $7,899
BANKERS MORTGAGE LENDING, INC. 2 2.38% $8,825
BANKING MORTGAGE SERVICES, B.M.S. CORP. 2 3.38% $14,836
Bank of America 2 2.63% $4,009
Bank of England 2 3.56% $10,427
BECKAM FUNDING CORP. 2 3.00% $8,444
CONTOUR MORTGAGE CORPORATION 2 3.00% $16,354
FAIRWAY FUNDING GROUP, INC. 2 2.75% $11,211
First Home Bank 2 3.13% $13,441
First Savings Bank 2 2.69% $7,550
GUILD MORTGAGE COMPANY 2 3.19% $7,662
Home Mortgage Alliance Corp 2 2.69% $10,973
ITHINK FINANCIAL Credit Union 2 2.56% $19,708
LENDUS, LLC 2 3.00% $11,008
LIBERTY HOME MORTGAGE CORPORATION 2 2.81% $9,549
LOANPAL, LLC 2 2.63% $9,829
Magnolia Bank 2 2.81% $10,113
MID AMERICA MORTGAGE, INC. 2 3.19% $10,161
MILEND, INC. 2 3.25% $13,064
PANORAMA MORTGAGE GROUP, LLC 2 3.50% $11,081
PHH Mortgage Corporation 2 3.69% $4,882
PNC Bank 2 2.75% $5,786
ROYAL UNITED MORTGAGE LLC 2 2.88% $8,528
SPACE COAST Credit Union 2 3.00% $7,655
STOCKTON MORTGAGE CORPORATION 2 2.44% $6,284
TruHome Solutions, LLC 2 2.69% $9,077
US MORTGAGE CORPORATION 2 3.19% $8,318
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.25% $11,201
Low VA Rates, LLC 1 2.63% $4,816
Lend Smart Mortgage, LLC 1 2.63% $7,043
Peoples Bank 1 2.88% $7,347
VERITAS FUNDING, LLC 1 2.50% $13,065
KELLER MORTGAGE, LLC 1 3.00% $6,623
KBHS HOME LOANS, LLC 1 3.75% $9,663
INTERSTATE HOME LOAN CENTER, INC. 1 2.63% $10,754
AMERICAN MORTGAGE SERVICE COMPANY 1 4.00% $13,657
INTELLILOAN, INC. 1 3.75% $3,444
Hometown Lenders, Inc. 1 2.75% $9,068
HOMESTEAD FUNDING CORP. 1 2.75% $6,934
HOMESTAR FINANCIAL CORPORATION 1 2.75% $10,712
HighTechLending Inc 1 3.63% $8,364
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.75% $10,207
RELIANCE FIRST CAPITAL, LLC 1 3.13% $9,495
GREAT WESTERN FINANCIAL SERVICES, INC. 1 3.75% $7,885
First Option Mortgage, LLC 1 3.13% $8,569
Residential Mortgage Solutions, Inc. 1 3.25% $12,512
AMERICAN ADVISORS GROUP 1 2.88% $10,220
First Horizon Bank 1 3.00% $11,135
First Federal Bank 1 3.25% $6,931
Shamrock Home Loans, Inc. 1 3.50% $13,150
FAMILY FIRST FUNDING LLC 1 2.99% $7,861
SIGNATURE MORTGAGE CORPORATION 1 3.00% $7,678
South Pacific Financial Corporation 1 2.63% $10,374
SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.00% $9,832
Evolve Bank & Trust 1 2.88% $10,558
Acre Mortgage and Financial Inc 1 3.00% $14,463
EQUITY RESOURCES, INC. 1 3.13% $9,223
Wolfe Financial, Inc 1 3.50% $8,192
ENVOY MORTGAGE, LTD 1 2.38% $11,411
CROSSFIRE FINANCIAL NETWORK, INC. 1 3.25% $12,084
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 2.88% $8,955
Synovus Bank 1 3.25% $13,969
CORNERSTONE HOME LENDING, INC. 1 3.25% $9,436
TD Bank 1 2.88% $5,749
CityWorth Mortgage LLC 1 3.13% $8,820
The Home Loan Expert LLC 1 3.13% $8,149
City National Bank of Florida 1 2.63% $7,594
The Union Bank Company 1 2.88% $8,235
TJC Mortgage, Inc. 1 2.38% $8,572
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 3.50% $6,832
Century Mortgage Company DBA Century Lending Company 1 3.25% $9,652
BNC National Bank 1 2.50% $6,964
Wyndham Capital Mortgage, Inc. 1 2.75% $5,548
Bethpage Federal Credit Union 1 3.25% $2,568
Atlantic Home Loans, Inc. 1 2.75% $12,611
United Community Bank 1 3.13% $9,511
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.13% $11,247
ANGEL OAK HOME LOANS LLC 1 3.25% $11,178
AmRes Corporation 1 3.13% $6,092
Ameris Bank 1 2.50% $10,493
1ST SIGNATURE LENDING, LLC 1 3.25% $7,450
VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.88% $10,727
NETWORK CAPITAL FUNDING CORPORATION 1 3.25% $6,593
NORTHERN MORTGAGE SERVICES, LLC 1 3.13% $7,611
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.25% $6,581
NATION ONE MORTGAGE CORPORATION 1 3.25% $13,600
MLD MORTGAGE INC. 1 2.75% $7,392
MID-ISLAND MORTGAGE CORP. 1 2.75% $13,866
Manufacturers and Traders Trust Company 1 3.63% $5,316
ONY GLO, INC. 1 2.25% $10,705

The top Port St. Lucie FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 373 FHA loans originated. Their average total fees are $7,149, which is $3,044 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Port St. Lucie FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($2,895), AmeriHome Mortgage Company, LLC ($4,860), Lakeview Community Capital, LLC ($4,904), Mr. Cooper ( Nationstar Mortgage ) ($4,967) and LAKEVIEW LOAN SERVICING, LLC ($5,496).

The lowest rate Port St. Lucie FHA lenders (with over 10 loans originated) are MATTAMY HOME FUNDING, LLC (2.63%), QUICKEN LOANS, LLC (2.71%), SUN WEST MORTGAGE COMPANY, INC. (2.72%), UNITED WHOLESALE MORTGAGE, LLC (2.77%) and FIDELITY FUNDING MORTGAGE CORP. (2.78%).

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

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).