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).