York FHA Loan Rates, Closing Costs & Stats

YORK-HANOVER, PA

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).