Washington Court House FHA Loan Rates, Closing Costs & Stats

Washington Court House, OH

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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.

    Washington Court House's 47 lenders originated 163 FHA loans during 2024. The total origination value was $32,655,000, with an average FHA loan value of $200,337.

    Washington Court House FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Washington Court House averaged 0.56% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Washington Court House's average FHA mortgage closing costs are $7,224.

    The average rate for the prior week (2025-06-13) was 7.04% and one month ago for the week of 2025-05-16, the average rate was 6.81%.

    The average rate one year ago was 7.06%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0%.

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

    Washington Court House 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 Washington Court House level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 14 6.09% $9,690
    QUICKEN LOANS, LLC 14 6.31% $10,312
    CROSSCOUNTRY MORTGAGE, LLC 13 6.80% $8,670
    Fifth Third Bank 7 6.39% $8,180
    NFM, INC. 7 7.27% $10,833
    FREEDOM MORTGAGE CORPORATION 7 6.46% $12,589
    HOMESIDE FINANCIAL, LLC 6 6.79% $12,739
    LOANDEPOT.COM, LLC 6 6.48% $9,795
    Union Savings Bank 6 6.42% $6,444
    NEWREZ LLC 5 7.10% $7,658
    The Huntington National Bank 4 6.94% $8,205
    BROKER SOLUTIONS, INC. 4 6.75% $8,059
    VANDERBILT MORTGAGE AND FINANCE, INC. 3 6.25% $13,388
    Equity Prime Mortgage LLC 3 7.25% $11,711
    Mr. Cooper ( Nationstar Mortgage ) 3 6.25% $9,360
    ENDEAVOR CAPITAL, LLC. 3 6.37% $8,439
    UNION HOME MORTGAGE CORP. 2 6.38% $16,215
    PENNYMAC LOAN SERVICES, LLC 2 5.69% $8,095
    CARDINAL FINANCIAL 2 6.25% $10,183
    GUARANTEED RATE, INC. 2 6.65% $6,813
    LOANPAL, LLC 2 5.88% $9,311
    AMERISAVE MORTGAGE CORPORATION 2 6.44% $13,136
    RAPID MORTGAGE COMPANY 2 6.56% $13,512
    GSF Mortgage Corporation 2 7.19% $7,407
    PLANET HOME LENDING, LLC 2 6.38% $7,514
    JPMorgan Chase Bank 1 6.75% $5,395
    AmeriHome Mortgage Company, LLC 1 6.99% $4,025
    AmRes Corporation 1 6.25% $11,927
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $13,913
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.63% $10,125
    DAS Acquisition Company, LLC 1 8.13% $8,160
    East Coast Capital Corp. 1 6.25% $16,838
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.00% $8,874
    FIRST COMMUNITY MORTGAGE, INC. 1 7.00% $5,628
    Flagstar Bank, FSB 1 6.63% $9,683
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.63% $11,501
    GUARANTEED RATE AFFINITY, LLC 1 6.63% $8,293
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.25% $11,747
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $9,150
    LAND HOME FINANCIAL SERVICES, INC. 1 7.13% $9,550
    NATIONS DIRECT MORTGAGE, LLC 1 7.25% $9,574
    Nations Lending Corporation 1 6.00% $18,956
    OCEANSIDE MORTGAGE COMPANY 1 5.75% $3,310
    Peoples Bank 1 6.75% $8,859
    RUOFF MORTGAGE COMPANY, INC. 1 6.75% $8,378
    The State Bank and Trust Company 1 7.00% $8,441
    U.S. Bank 1 7.25% $5,297

    The top Washington Court House FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 14 FHA loans originated. Their average total fees are $9,690, which is $622 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Washington Court House FHA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($8,670), UNITED WHOLESALE MORTGAGE, LLC ($9,690), QUICKEN LOANS, LLC ($10,312), .

    The lowest rate Washington Court House FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.09%), QUICKEN LOANS, LLC (6.31%), CROSSCOUNTRY MORTGAGE, LLC (6.80%), .

    Washington Court House FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    WASHINGTON COURT HOUSE, OH FAYETTE 2022 $420,680 $538,650 $651,050 $809,150
    WASHINGTON COURT HOUSE, OH FAYETTE 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).