York FHA Loan Rates, Closing Costs & Stats

YORK-HANOVER, PA

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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.

    York's 147 lenders originated 1,418 FHA loans during 2024. The total origination value was $349,450,000, with an average FHA loan value of $246,439.

    York FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in York averaged 0.4% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

    York's average FHA mortgage closing costs are $8,402.

    The average rate for the prior week (2025-06-27) was 6.88% and one month ago for the week of 2025-05-30, the average rate was 6.66%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.25%.

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

    York 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 York level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 108 6.42% $11,491
    QUICKEN LOANS, LLC 101 6.32% $11,846
    MOVEMENT MORTGAGE, LLC 82 6.62% $13,389
    York Traditions Bank 79 6.30% $9,452
    CMG MORTGAGE, INC. 71 6.66% $12,601
    UNITED WHOLESALE MORTGAGE, LLC 53 6.03% $14,109
    RADIUS FINANCIAL GROUP INC. 43 6.77% $9,793
    PENNYMAC LOAN SERVICES, LLC 36 6.14% $9,735
    GUILD MORTGAGE COMPANY 36 6.68% $10,722
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 29 6.49% $9,704
    M&T Bank 26 6.09% $8,164
    BROKER SOLUTIONS, INC. 25 6.95% $12,362
    DHI MORTGAGE COMPANY, LTD. 24 5.82% $12,999
    FIRST HOME MORTGAGE CORPORATION 24 6.67% $15,014
    PRIMARY RESIDENTIAL MORTGAGE, INC. 22 6.97% $12,306
    FIRST ALLIANCE HOME MORTGAGE, LLC 21 6.45% $11,759
    Fulton Bank 21 6.19% $9,466
    NEWREZ LLC 20 6.45% $11,396
    LOANDEPOT.COM, LLC 20 6.80% $11,313
    Meridian Bank Corporation 18 6.49% $10,401
    FREEDOM MORTGAGE CORPORATION 16 6.34% $12,575
    EMM LOANS LLC 15 6.64% $11,768
    Mr. Cooper ( Nationstar Mortgage ) 13 6.38% $14,983
    MUTUAL OF OMAHA MORTGAGE, INC. 13 6.78% $14,544
    Carrington Mortgage Services, LLC 12 6.36% $11,968
    Homesale Mortgage, LLC 11 6.72% $8,851
    GUARANTEED RATE AFFINITY, LLC 11 6.33% $13,061
    Paramount Residential Mortgage Group, Inc. 10 6.56% $12,914
    Alcova Mortgage LLC 9 6.58% $6,171
    Equity Prime Mortgage LLC 8 6.47% $11,380
    Prosperity Home Mortgage, LLC 7 6.16% $9,870
    NVR Mortgage Finance, Inc. 7 6.36% $14,473
    DIRECT MORTGAGE LOANS, LLC 7 6.57% $15,625
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 6.52% $13,802
    VILLAGE CAPITAL MORTGAGE 6 6.62% $7,197
    Integrity Home Mortgage Corp 6 5.96% $16,270
    Mortgage Research Center, LLC 6 6.67% $8,212
    MEMBERS 1ST FEDERAL CREDIT UNION 6 6.13% $8,521
    NFM, INC. 6 6.75% $14,058
    FIRST COMMUNITY MORTGAGE, INC. 5 6.35% $8,477
    LAKEVIEW LOAN SERVICING, LLC 5 6.55% $10,524
    RELIANCE FIRST CAPITAL, LLC 5 6.13% $13,618
    PLAZA HOME MORTGAGE, INC. 5 6.22% $17,866
    HOMESIDE FINANCIAL, LLC 5 6.08% $15,163
    AMERICAN FINANCING CORPORATION 5 5.68% $13,396
    MILEND, INC. 4 6.41% $13,244
    Orrstown Bank 4 6.87% $10,587
    PNC Bank 4 6.75% $7,686
    EMBRACE HOME LOANS, INC. 4 5.88% $13,581
    CARDINAL FINANCIAL 4 6.40% $13,025
    UNION HOME MORTGAGE CORP. 4 6.44% $15,961
    T2 FINANCIAL LLC 4 6.69% $11,415
    NATIONS DIRECT MORTGAGE, LLC 4 7.06% $13,970
    TIDEWATER MORTGAGE SERVICES, INC. 4 6.53% $11,115
    AmeriHome Mortgage Company, LLC 4 6.47% $9,030
    Flagstar Bank, FSB 4 6.91% $13,196
    Towne Bank 4 6.34% $10,689
    LOANPAL, LLC 4 5.97% $13,315
    GUARANTEED RATE, INC. 4 6.06% $10,680
    HOWARD HANNA FINANCIAL SERVICES, INC. 4 6.34% $11,858
    PHH Mortgage Corporation 4 6.68% $13,629
    ENVOY MORTGAGE, LTD 3 6.79% $14,397
    AMERISAVE MORTGAGE CORPORATION 3 6.17% $17,126
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.33% $10,541
    Citizens Bank 3 5.88% $15,736
    DAS Acquisition Company, LLC 3 6.83% $9,831
    ABSOLUTE HOME MORTGAGE CORPORATION 3 6.58% $16,357
    FIRST HERITAGE FINANCIAL, LLC 3 6.33% $7,870
    MDE Home Loans, LLC 3 6.17% $20,705
    Mortgage America, Inc. 3 6.71% $9,994
    OCEANSIDE MORTGAGE COMPANY 3 6.13% $4,029
    Residential Mortgage Solutions, Inc. 3 6.50% $14,605
    The Federal Savings Bank 3 6.38% $13,313
    THE MORTGAGE LINK, INC. 3 6.38% $23,621
    Wells Fargo Bank 3 6.38% $8,346
    MORTGAGE EQUITY PARTNERS LLC 2 6.69% $10,320
    Century Mortgage Company DBA Century Lending Company 2 6.44% $14,127
    AFFORDABLE MORTGAGE ADVISORS, LLC. 2 6.69% $11,408
    FIRST COLONY MORTGAGE CORPORATION 2 6.00% $11,146
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.75% $11,403
    SUN WEST MORTGAGE COMPANY, INC. 2 6.13% $16,405
    SWBC MORTGAGE CORPORATION 2 7.44% $6,873
    Nations Lending Corporation 2 6.50% $14,388
    NATIONWIDE MORTGAGE BANKERS, INC. 2 6.25% $16,153
    GSF Mortgage Corporation 2 7.18% $19,471
    GENEVA FINANCIAL, LLC 2 6.38% $21,083
    BETTER MORTGAGE CORPORATION 2 5.56% $14,270
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.44% $14,472
    First National Bank of Pennsylvania 2 6.25% $8,729
    Truist 2 6.63% $8,411
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.63% $10,266
    Plains Commerce Bank 2 6.31% $10,665
    ALLIED MORTGAGE GROUP, INC. 2 6.00% $7,974
    UNIVERSAL MORTGAGE & FINANCE, INC. 2 6.50% $16,656
    Lakeview Community Capital, LLC 2 6.50% $9,429
    LIBERTY HOME MORTGAGE CORPORATION 2 6.44% $11,874
    JMAC LENDING, INC. 2 5.31% $15,703
    Ixonia Bank 2 6.88% $11,589
    PLANET HOME LENDING, LLC 2 6.63% $8,617
    ZILLOW HOME LOANS, LLC 2 5.81% $17,752
    MICHIGAN MUTUAL, INC. 2 6.94% $14,333
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $12,279
    Princeton Mortgage Corporation 1 6.75% $11,893
    Quaint Oak Mortgage, LLC 1 6.75% $12,784
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.00% $15,410
    BAY EQUITY LLC 1 6.75% $9,070
    Atlantic Coast Mortgage, LLC 1 6.63% $9,699
    RUOFF MORTGAGE COMPANY, INC. 1 6.13% $6,172
    S1L, Inc. 1 6.75% $8,984
    Sierra Pacific Mortgage Company, Inc. 1 5.75% $12,069
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 1 6.13% $5,558
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.13% $16,986
    Wilmington Savings Fund Society, FSB 1 6.13% $4,716
    Advisors Mortgage Group, L.L.C. 1 6.63% $14,257
    The Union Bank Company 1 5.75% $11,883
    Ameris Bank 1 5.75% $19,271
    TruHome Solutions, LLC 1 6.63% $7,437
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $10,378
    United Bank 1 6.13% $13,689
    U.S. Bank 1 6.63% $9,641
    Hometown Equity Mortgage, LLC 1 6.25% $15,282
    HOMESTEAD FUNDING CORP. 1 7.00% $11,475
    Mid-Continent Funding, Inc. 1 7.75% $9,293
    Mid Penn Bank 1 6.38% $7,572
    HOMESPIRE MORTGAGE CORPORATION 1 6.75% $9,955
    MILLENNIUM FINANCIAL GROUP, INC. 1 6.25% $10,251
    US MORTGAGE CORPORATION 1 5.63% $11,915
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.25% $5,829
    First Heritage Mortgage, LLC 1 5.99% $8,209
    NATION ONE MORTGAGE CORPORATION 1 7.13% $13,673
    NBKC BANK 1 6.13% $10,746
    FIDELITY DIRECT MORTGAGE, LLC 1 5.63% $12,106
    Farmers and Merchants Trust Company of Chambersburg 1 6.13% $9,181
    NJ LENDERS CORP. 1 6.63% $10,562
    EVERETT FINANCIAL, INC. 1 5.25% $17,650
    DATA MORTGAGE, INC. 1 5.75% $9,241
    Credence Funding Corporation 1 6.25% $8,427
    PATRIOT 1 6.13% $7,609
    Cornerstone First Mortgage, Inc 1 7.13% $9,406
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $10,672
    City Lending Inc. 1 6.63% $18,324
    PIKE CREEK MORTGAGE SERVICES, INC. 1 6.25% $9,397
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.13% $7,746
    POLARIS HOME FUNDING CORP. 1 6.75% $13,470
    PREMIA MORTGAGE, LLC 1 6.25% $3,207
    Presidential Bank, FSB 1 6.25% $13,124
    CALCON MUTUAL MORTGAGE LLC 1 7.13% $11,132

    The top York FHA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 108 FHA loans originated. Their average total fees are $11,491, which is $355 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee York FHA lenders (with over 10 loans originated) are M&T Bank ($8,164), Homesale Mortgage, LLC ($8,851), York Traditions Bank ($9,452), Fulton Bank ($9,466) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,704).

    The lowest rate York FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.82%), UNITED WHOLESALE MORTGAGE, LLC (6.03%), M&T Bank (6.09%), PENNYMAC LOAN SERVICES, LLC (6.14%) and Fulton Bank (6.19%).

    York FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    YORK-HANOVER, PA YORK 2022 $420,680 $538,650 $651,050 $809,150
    YORK-HANOVER, PA YORK 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).