Youngstown FHA Loan Rates, Closing Costs & Stats

YOUNGSTOWN-WARREN-BOARDMAN, OH-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.

Youngstown's 115 lenders originated 1,596 FHA loans during 2024. The total origination value was $250,130,000, with an average FHA loan value of $156,723.

Youngstown FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Youngstown averaged 0.33% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

Youngstown's average FHA mortgage closing costs are $6,355.

The average rate for the prior week (2025-06-13) was 7.12% and one month ago for the week of 2025-05-16, the average rate was 6.78%.

The average rate one year ago was 6.83%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.57%.

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

Youngstown 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 Youngstown level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Ixonia Bank 266 6.85% $9,013
QUICKEN LOANS, LLC 181 6.45% $8,791
CROSSCOUNTRY MORTGAGE, LLC 123 6.85% $8,744
UNITED WHOLESALE MORTGAGE, LLC 75 6.26% $9,847
The Huntington National Bank 63 7.02% $6,582
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 47 6.80% $5,206
WEST PENN FINANCIAL SERVICE CENTER, INC. 27 6.41% $6,755
FREEDOM MORTGAGE CORPORATION 24 6.49% $8,171
HOWARD HANNA FINANCIAL SERVICES, INC. 24 6.44% $7,999
Flagstar Bank, FSB 23 6.26% $7,350
PENNYMAC LOAN SERVICES, LLC 22 6.16% $7,760
BROKER SOLUTIONS, INC. 22 6.97% $9,202
Equity Prime Mortgage LLC 20 6.73% $8,334
LOANPAL, LLC 17 5.70% $9,299
LIBERTY HOME MORTGAGE CORPORATION 16 6.93% $8,145
AMERISAVE MORTGAGE CORPORATION 15 6.10% $10,938
RAPID MORTGAGE COMPANY 13 7.16% $7,567
JLB CORPORATION 13 6.41% $6,960
Mr. Cooper ( Nationstar Mortgage ) 13 6.80% $8,560
MUTUAL OF OMAHA MORTGAGE, INC. 12 6.68% $10,824
Carrington Mortgage Services, LLC 12 6.61% $9,218
UNION HOME MORTGAGE CORP. 12 6.81% $9,484
LOANDEPOT.COM, LLC 12 6.51% $9,532
NEWREZ LLC 11 6.44% $8,027
MYCUMORTGAGE, LLC 11 7.14% $6,251
The Farmers National Bank of Canfield 10 6.41% $8,145
EQUITY RESOURCES, INC. 10 6.67% $6,796
VILLAGE CAPITAL MORTGAGE 10 6.50% $5,584
AFFORDABLE MORTGAGE ADVISORS, LLC. 9 6.43% $7,474
ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 6.72% $5,481
First Commonwealth Bank 8 6.41% $6,570
PRIMELENDING, A PLAINSCAPITAL COMPANY 8 7.05% $7,113
HOMESIDE FINANCIAL, LLC 8 6.73% $10,643
JPMorgan Chase Bank 8 6.50% $4,263
S1L, Inc. 7 6.86% $7,485
Citizens Bank 7 6.61% $6,530
PLANET HOME LENDING, LLC 7 7.04% $8,466
First National Bank of Pennsylvania 7 6.43% $6,488
AMERICAN FINANCIAL NETWORK, INC. 7 7.34% $11,209
PNC Bank 6 6.92% $6,007
ZILLOW HOME LOANS, LLC 5 6.60% $8,103
EMM LOANS LLC 5 6.40% $10,275
RELIANCE FIRST CAPITAL, LLC 5 6.63% $11,885
ROYAL UNITED MORTGAGE LLC 5 6.73% $9,361
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 6.70% $10,637
First Federal Bank of the Midwest 5 6.50% $8,524
GSF Mortgage Corporation 5 7.10% $10,555
LAKEVIEW LOAN SERVICING, LLC 5 6.59% $8,550
MICHIGAN MUTUAL, INC. 5 7.08% $6,747
CARDINAL FINANCIAL 5 6.78% $9,874
LEADERONE FINANCIAL CORPORATION 4 6.34% $11,709
Alcova Mortgage LLC 4 6.59% $5,544
AMERICAN FINANCING CORPORATION 4 5.75% $9,451
NATIONWIDE MORTGAGE BANKERS, INC. 4 6.53% $10,334
RUOFF MORTGAGE COMPANY, INC. 4 6.69% $5,465
POLARIS HOME FUNDING CORP. 4 6.28% $9,350
ENDEAVOR CAPITAL, LLC. 4 6.43% $8,177
The Loan Store, Inc. 4 6.41% $7,521
GUARANTEED RATE, INC. 3 6.85% $6,535
Paramount Residential Mortgage Group, Inc. 3 6.96% $11,800
AmeriHome Mortgage Company, LLC 3 6.58% $5,507
Nations Lending Corporation 3 7.08% $10,102
Mortgage Research Center, LLC 3 7.21% $6,728
NFM, INC. 3 6.71% $11,522
BETTER MORTGAGE CORPORATION 2 5.56% $10,894
KeyBank 2 6.25% $5,891
ALLIED MORTGAGE GROUP, INC. 2 6.13% $8,665
TOWNE MORTGAGE COMPANY 2 6.94% $7,758
Century Mortgage Company DBA Century Lending Company 2 5.88% $8,361
MOVEMENT MORTGAGE, LLC 2 6.81% $7,791
ABSOLUTE HOME MORTGAGE CORPORATION 2 7.19% $12,329
FIRST COMMUNITY MORTGAGE, INC. 2 6.75% $10,542
SUN WEST MORTGAGE COMPANY, INC. 2 6.13% $15,363
Hometown Equity Mortgage, LLC 2 6.38% $11,387
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.50% $8,293
Barrington Bank & Trust Company, N.A. 2 6.69% $4,954
The Federal Savings Bank 1 6.25% $8,649
AMERICAN FINANCIAL RESOURCES, INC. 1 6.88% $7,956
AmRes Corporation 1 6.25% $14,815
CALCON MUTUAL MORTGAGE LLC 1 6.63% $10,836
CHURCHILL MORTGAGE CORPORATION 1 7.00% $5,672
DATA MORTGAGE, INC. 1 6.25% $7,676
ENVOY MORTGAGE, LTD 1 5.63% $9,638
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.50% $11,856
Fifth Third Bank 1 6.75% $6,078
First Federal Bank 1 7.13% $6,878
Gateway First Bank 1 7.25% $8,197
GUILD MORTGAGE COMPANY 1 5.99% $7,479
HALLMARK HOME MORTGAGE, LLC 1 6.63% $7,120
JMAC LENDING, INC. 1 6.75% $9,873
Lakeview Community Capital, LLC 1 6.25% $7,065
LOANLEADERS OF AMERICA, INC. 1 6.50% $12,205
MLD MORTGAGE INC. 1 5.25% $18,446
MORIA DEVELOPMENT, INC. 1 6.00% $7,617
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $10,850
M&T Bank 1 6.25% $7,218
NBKC BANK 1 5.63% $10,224
NEW DAY FINANCIAL, LLC 1 7.87% $5,496
NexBank 1 5.50% $10,756
PENTAGON FEDERAL CREDIT UNION 1 6.63% $8,602
PHH Mortgage Corporation 1 6.63% $9,318
PLAZA HOME MORTGAGE, INC. 1 6.75% $19,299
PREMIA MORTGAGE, LLC 1 6.25% $7,725
Prosperity Home Mortgage, LLC 1 5.62% $6,834
SIRVA MORTGAGE, INC. 1 6.50% $10,044
STOCKTON MORTGAGE CORPORATION 1 7.25% $14,865
Sunflower Bank 1 7.13% $8,754
T2 FINANCIAL LLC 1 5.63% $13,969
Texana Bank 1 6.63% $7,165
TJC Mortgage, Inc. 1 6.75% $7,604
Truist 1 6.00% $7,598
US MORTGAGE CORPORATION 1 7.75% $8,704
Waterstone Mortgage Corporation 1 6.63% $9,010
Wells Fargo Bank 1 5.63% $5,860
Willamette Valley Bank 1 6.75% $12,331

The top Youngstown FHA lender as defined by loan originations is Ixonia Bank, with 266 FHA loans originated. Their average total fees are $9,013, which is $222 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Youngstown FHA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,206), VILLAGE CAPITAL MORTGAGE ($5,584), MYCUMORTGAGE, LLC ($6,251), The Huntington National Bank ($6,582) and WEST PENN FINANCIAL SERVICE CENTER, INC. ($6,755).

The lowest rate Youngstown FHA lenders (with over 10 loans originated) are LOANPAL, LLC (5.70%), AMERISAVE MORTGAGE CORPORATION (6.10%), PENNYMAC LOAN SERVICES, LLC (6.16%), UNITED WHOLESALE MORTGAGE, LLC (6.26%) and Flagstar Bank, FSB (6.26%).

Youngstown FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA MAHONING 2022 $420,680 $538,650 $651,050 $809,150
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA TRUMBULL 2022 $420,680 $538,650 $651,050 $809,150
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA MERCER 2022 $420,680 $538,650 $651,050 $809,150
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA MAHONING 2023 $472,030 $604,400 $730,525 $907,900
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA TRUMBULL 2023 $472,030 $604,400 $730,525 $907,900
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA MERCER 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).