Show Low FHA Loan Rates, Closing Costs & Stats

Show Low, AZ

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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.

    Show Low's 51 lenders originated 230 FHA loans during 2024. The total origination value was $58,820,000, with an average FHA loan value of $255,739.

    Show Low FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Show Low averaged 0.27% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Show Low's average FHA mortgage closing costs are $8,668.

    The average rate for the prior week (2025-06-13) was 6.85% and one month ago for the week of 2025-05-16, the average rate was 6.81%.

    The average rate one year ago was 6.86%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.25%.

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

    Show Low 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 Show Low level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 39 6.20% $12,889
    UNITED WHOLESALE MORTGAGE, LLC 30 6.12% $13,522
    CROSSCOUNTRY MORTGAGE, LLC 13 6.33% $11,174
    GUILD MORTGAGE COMPANY 7 6.54% $10,024
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.92% $15,426
    V.I.P. MORTGAGE, INC. 5 6.10% $14,869
    ALTITUDE FINANCIAL CORPORATION 5 6.48% $5,861
    FREEDOM MORTGAGE CORPORATION 5 6.38% $15,597
    Equity Prime Mortgage LLC 5 6.83% $17,654
    NEWREZ LLC 4 6.81% $9,529
    LOANDEPOT.COM, LLC 4 6.00% $16,118
    PENNYMAC LOAN SERVICES, LLC 3 5.42% $5,572
    Flagstar Bank, FSB 3 5.67% $12,918
    Century Mortgage Company DBA Century Lending Company 3 5.58% $11,439
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.54% $9,748
    NOVA FINANCIAL & INVESTMENT CORPORATION 3 6.16% $4,996
    UNION HOME MORTGAGE CORP. 3 5.63% $12,533
    VILLAGE CAPITAL MORTGAGE 3 6.91% $8,383
    MID AMERICA MORTGAGE, INC. 3 6.58% $9,852
    MORIA DEVELOPMENT, INC. 2 6.94% $12,176
    GARDNER FINANCIAL SERVICES, LTD. 2 6.63% $13,619
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.75% $15,387
    PLAZA HOME MORTGAGE, INC. 2 5.81% $8,756
    Nations Lending Corporation 2 6.94% $6,859
    AMERICAN FINANCING CORPORATION 2 5.69% $12,724
    Paramount Residential Mortgage Group, Inc. 2 6.63% $8,462
    PHH Mortgage Corporation 1 6.49% $12,615
    Plains Commerce Bank 1 7.50% $12,478
    PLANET HOME LENDING, LLC 1 6.25% $16,347
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.99% $13,265
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $12,067
    AMERISAVE MORTGAGE CORPORATION 1 5.88% $12,356
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $24,376
    Sunflower Bank 1 6.63% $16,568
    SUN WEST MORTGAGE COMPANY, INC. 1 5.38% $10,107
    Cornerstone First Mortgage, Inc 1 6.25% $15,110
    CMG MORTGAGE, INC. 1 6.00% $10,637
    DIRECT MORTGAGE LOANS, LLC 1 7.13% $10,148
    Carrington Mortgage Services, LLC 1 6.50% $11,281
    FIRST COLONY MORTGAGE CORPORATION 1 5.88% $20,391
    Franklin Loan Corporation 1 5.49% $14,164
    CARDINAL FINANCIAL 1 6.25% $23,070
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $9,990
    BROKER SOLUTIONS, INC. 1 6.63% $14,907
    LAKEVIEW LOAN SERVICING, LLC 1 6.63% $7,913
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.75% $9,995
    Mortgage Research Center, LLC 1 6.63% $4,036
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $7,952
    NBKC BANK 1 6.13% $12,264
    NFM, INC. 1 5.63% $16,207
    PENTAGON FEDERAL CREDIT UNION 1 5.75% $16,522

    The top Show Low FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 39 FHA loans originated. Their average total fees are $12,889, which is $633 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Show Low FHA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($11,174), QUICKEN LOANS, LLC ($12,889), UNITED WHOLESALE MORTGAGE, LLC ($13,522), .

    The lowest rate Show Low FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.12%), QUICKEN LOANS, LLC (6.20%), CROSSCOUNTRY MORTGAGE, LLC (6.33%), .

    Show Low FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    SHOW LOW, AZ NAVAJO 2022 $420,680 $538,650 $651,050 $809,150
    SHOW LOW, AZ NAVAJO 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).