Youngstown FHA Loan Rates, Closing Costs & Stats

YOUNGSTOWN-WARREN-BOARDMAN, OH-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.

    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).