Zanesville FHA Loan Rates, Closing Costs & Stats

Zanesville, OH

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.

Zanesville's 68 lenders originated 318 FHA loans during 2023. The total origination value was $56,730,000, with an average FHA loan value of $178,396.

Zanesville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Zanesville averaged 6.77% for the week of 2024-06-07, compared to the national average (all FHA variants) of 6.692% for the same period.

Zanesville's average FHA mortgage closing costs are $6,826.

The average rate for the prior week (2024-05-31) was 6.95% and one month ago for the week of 2024-05-03, the average rate was 6.85%.

The average rate one year ago was 6.62%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.79%.

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

Zanesville 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 Zanesville level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CROSSCOUNTRY MORTGAGE, LLC 46 6.96% $10,926
RUOFF MORTGAGE COMPANY, INC. 43 7.03% $5,197
QUICKEN LOANS, LLC 34 6.21% $9,161
The Huntington National Bank 27 6.96% $8,110
EQUITY RESOURCES, INC. 11 7.10% $6,822
J. VIRGIL, INC. 9 6.99% $8,086
UNITED WHOLESALE MORTGAGE, LLC 9 6.19% $11,756
UNION HOME MORTGAGE CORP. 8 6.95% $9,153
NFM, INC. 8 7.58% $10,628
LIBERTY HOME MORTGAGE CORPORATION 7 7.00% $9,120
RAPID MORTGAGE COMPANY 4 7.06% $9,707
NEWREZ LLC 4 6.09% $10,030
Flagstar Bank, FSB 3 7.19% $7,349
PENNYMAC LOAN SERVICES, LLC 3 6.13% $7,970
GUILD MORTGAGE COMPANY 2 7.13% $8,898
AMERICAN FINANCING CORPORATION 2 6.56% $12,707
MYCUMORTGAGE, LLC 2 6.06% $10,071
LOANDEPOT.COM, LLC 2 6.81% $10,357
LAKEVIEW LOAN SERVICING, LLC 2 5.50% $11,398
PREMIER LENDING, INC. 2 7.19% $14,126
PNC Bank 2 6.50% $3,728
AMERISAVE MORTGAGE CORPORATION 2 5.50% $11,453
FREEDOM MORTGAGE CORPORATION 2 6.50% $10,300
Ixonia Bank 1 8.25% $8,558
JLB CORPORATION 1 7.63% $8,165
JPMorgan Chase Bank 1 6.25% $6,178
LOANPAL, LLC 1 6.38% $12,797
Mortgage Research Center, LLC 1 7.50% $7,935
Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $12,509
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $8,425
North American Savings Bank, F.S.B. 1 6.25% $7,434
ON Q FINANCIAL, INC. 1 6.75% $7,676
Peoples Bank 1 7.63% $10,111
POLARIS HOME FUNDING CORP. 1 6.75% $6,241
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $6,664
Prosperity Home Mortgage, LLC 1 6.38% $11,291
ROYAL UNITED MORTGAGE LLC 1 7.63% $11,946
SIWELL, INC. 1 7.13% $6,066
SOUTHWEST STAGE FUNDING, LLC 1 6.38% $9,868
SUMMIT FUNDING, INC. 1 7.63% $9,983
THE EQUITABLE MORTGAGE CORPORATION 1 5.75% $5,968
The Federal Savings Bank 1 5.75% $13,445
TOP FLITE FINANCIAL, INC. 1 7.25% $13,494
Union Savings Bank 1 6.63% $7,006
1st National Bank 1 6.50% $6,214
U.S. Bank 1 6.25% $6,491
1ST SIGNATURE LENDING, LLC 1 6.63% $11,848
AMERICAN FINANCIAL NETWORK, INC. 1 7.50% $10,393
AMERICAN FINANCIAL RESOURCES, INC. 1 7.13% $5,618
AmeriHome Mortgage Company, LLC 1 6.63% $8,308
ARC HOME LLC 1 7.13% $9,680
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $16,898
Bank of England 1 5.63% $9,029
BROKER SOLUTIONS, INC. 1 6.75% $9,551
CARDINAL FINANCIAL 1 4.88% $6,732
Chickasaw Community Bank 1 6.88% $6,416
Commerce Home Mortgage, Inc. 1 7.13% $20,676
DAS Acquisition Company, LLC 1 7.13% $13,672
EMM LOANS LLC 1 6.25% $11,655
Equity Prime Mortgage LLC 1 7.25% $11,287
EVERETT FINANCIAL, INC. 1 6.13% $16,738
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $10,864
FIRST COMMUNITY MORTGAGE, INC. 1 6.25% $9,491
First Financial Bank 1 6.63% $6,187
GENEVA FINANCIAL, LLC 1 7.63% $4,436
GSF Mortgage Corporation 1 5.13% $12,522
GUARANTEED RATE AFFINITY, LLC 1 6.75% $7,713
HOMESIDE FINANCIAL, LLC 1 7.13% $9,102

The top Zanesville FHA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 46 FHA loans originated. Their average total fees are $10,926, which is $5,729 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

The lowest fee Zanesville FHA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($5,197), EQUITY RESOURCES, INC. ($6,822), The Huntington National Bank ($8,110), QUICKEN LOANS, LLC ($9,161) and CROSSCOUNTRY MORTGAGE, LLC ($10,926).

The lowest rate Zanesville FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.21%), The Huntington National Bank (6.96%), CROSSCOUNTRY MORTGAGE, LLC (6.96%), RUOFF MORTGAGE COMPANY, INC. (7.03%) and EQUITY RESOURCES, INC. (7.10%).

Zanesville FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
ZANESVILLE, OH MUSKINGUM 2022 $420,680 $538,650 $651,050 $809,150
ZANESVILLE, OH MUSKINGUM 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Zanesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $139,800 (9.0%) $174,380 (4.5%) 0.00 226
2018-02-01 $149,900 (15.6%) $185,634 (9.0%) 0.00 210
2018-03-01 $154,900 (19.3%) $194,882 (13.8%) 0.00 183
2018-04-01 $151,300 (13.4%) $191,801 (11.5%) 0.00 193
2018-05-01 $149,900 (8.3%) $191,666 (9.9%) 0.00 210
2018-06-01 $159,567 (20.0%) $195,428 (13.7%) 0.00 230
2018-07-01 $154,900 (19.3%) $193,876 (15.3%) 0.00 276
2018-08-01 $154,900 (13.6%) $197,333 (15.6%) 0.00 284
2018-09-01 $150,000 (15.5%) $196,742 (16.1%) 0.00 292
2018-10-01 $152,975 (13.9%) $199,303 (16.8%) 0.00 297
2018-11-01 $154,675 (19.1%) $201,595 (16.6%) 0.00 295
2018-12-01 $159,900 (18.5%) $206,632 (21.9%) 0.00 270
2019-01-01 $157,400 (12.6%) $202,550 (16.2%) 0.00 246
2019-02-01 $159,550 (6.4%) $207,901 (12.0%) 0.00 220
2019-03-01 $159,729 (3.1%) $209,049 (7.3%) 0.00 205
2019-04-01 $159,729 (5.6%) $204,393 (6.6%) 0.00 206
2019-05-01 $159,900 (6.7%) $197,663 (3.1%) 0.00 222
2019-06-01 $165,900 (4.0%) $207,317 (6.1%) 0.00 219
2019-07-01 $169,800 (9.6%) $210,339 (8.5%) 0.00 216
2019-08-01 $169,791 (9.6%) $211,208 (7.0%) 0.00 218
2019-09-01 $169,627 (13.1%) $209,656 (6.6%) 0.00 214
2019-10-01 $169,518 (10.8%) $209,422 (5.1%) 0.00 209
2019-11-01 $154,950 (0.2%) $202,072 (0.2%) 0.00 194
2019-12-01 $158,650 (-0.8%) $196,182 (-5.1%) 0.00 177
2020-01-01 $157,400 (0.0%) $190,185 (-6.1%) 0.00 162
2020-02-01 $149,900 (-6.1%) $187,493 (-9.8%) 0.00 159
2020-03-01 $149,300 (-6.5%) $186,391 (-10.8%) 0.00 140
2020-04-01 $146,850 (-8.1%) $195,392 (-4.4%) 0.00 134
2020-05-01 $179,000 (11.9%) $216,717 (9.6%) 0.00 124
2020-06-01 $178,425 (7.6%) $223,583 (7.9%) 0.00 117
2020-07-01 $179,675 (5.8%) $234,260 (11.4%) 0.00 101
2020-08-01 $179,000 (5.4%) $208,764 (-1.2%) 0.00 84
2020-09-01 $159,900 (-5.7%) $208,826 (-0.4%) 0.00 86
2020-10-01 $154,450 (-8.9%) $190,397 (-9.1%) 0.00 94
2020-11-01 $145,750 (-5.9%) $177,467 (-12.2%) 0.00 107
2020-12-01 $151,900 (-4.3%) $174,414 (-11.1%) 0.00 103
2021-01-01 $146,400 (-7.0%) $168,506 (-11.4%) 0.00 97
2021-02-01 $150,450 (0.4%) $175,468 (-6.4%) 0.00 65
2021-03-01 $166,150 (11.3%) $187,803 (0.8%) 0.00 45
2021-04-01 $171,200 (16.6%) $211,514 (8.3%) 0.00 61
2021-05-01 $169,900 (-5.1%) $200,607 (-7.4%) 0.00 60
2021-06-01 $177,900 (-0.3%) $211,034 (-5.6%) 0.00 77
2021-07-01 $179,900 (0.1%) $213,794 (-8.7%) 0.00 88
2021-08-01 $179,900 (0.5%) $227,206 (8.8%) 0.00 82
2021-09-01 $174,900 (9.4%) $226,552 (8.5%) 0.00 84
2021-10-01 $169,900 (10.0%) $226,415 (18.9%) 0.00 105
2021-11-01 $169,450 (16.3%) $216,286 (21.9%) 0.00 100
2021-12-01 $163,425 (7.6%) $205,814 (18.0%) 0.00 79
2022-01-01 $157,500 (7.6%) $232,671 (38.1%) 0.00 72
2022-02-01 $155,000 (3.0%) $227,894 (29.9%) 0.00 77
2022-03-01 $152,250 (-8.4%) $214,431 (14.2%) 0.00 80
2022-04-01 $161,450 (-5.7%) $216,467 (2.3%) 0.00 79
2022-05-01 $172,450 (1.5%) $235,694 (17.5%) 0.00 82
2022-06-01 $182,900 (2.8%) $252,241 (19.5%) 0.00 93
2022-07-01 $182,400 (1.4%) $235,295 (10.1%) 0.00 103
2022-08-01 $194,500 (8.1%) $250,548 (10.3%) 0.00 115
2022-09-01 $222,450 (27.2%) $267,947 (18.3%) 0.00 126
2022-10-01 $225,000 (32.4%) $261,847 (15.7%) 0.00 122
2022-11-01 $207,000 (22.2%) $244,379 (13.0%) 0.00 119
2022-12-01 $201,500 (23.3%) $247,547 (20.3%) 0.00 112
2023-01-01 $198,750 (26.2%) $244,315 (5.0%) 0.00 116
2023-02-01 $189,500 (22.3%) $251,147 (10.2%) 0.00 98
2023-03-01 $185,300 (21.7%) $250,254 (16.7%) 0.00 96
2023-04-01 $185,000 (14.6%) $246,778 (14.0%) 0.00 95
2023-05-01 $227,225 (31.8%) $273,322 (16.0%) 0.00 86
2023-06-01 $259,925 (42.1%) $304,175 (20.6%) 0.00 93
2023-07-01 $241,450 (32.4%) $270,844 (15.1%) 0.00 106
2023-08-01 $254,950 (31.1%) $275,458 (9.9%) 0.00 111
2023-09-01 $249,700 (12.3%) $268,086 (0.1%) 0.00 122
2023-10-01 $252,450 (12.2%) $268,935 (2.7%) 0.00 140
2023-11-01 $237,400 (14.7%) $256,065 (4.8%) 0.00 137
2023-12-01 $239,000 (18.6%) $254,107 (2.7%) 0.00 133
2024-01-01 $242,175 (21.9%) $266,698 (9.2%) 0.00 105
2024-02-01 $241,175 (27.3%) $276,221 (10.0%) 0.00 84
2024-03-01 $251,750 (35.9%) $283,568 (13.3%) 0.00 83
2024-04-01 $249,450 (34.8%) $282,826 (14.6%) 0.00 77
2024-05-01 $279,950 (23.2%) $313,212 (14.6%) 0.00 89
Zanesville's median listing price for 2024-05-01 was $279,950, a difference of $52,725 (23.2%) versus the prior year and $30,500 versus the prior month.

Zanesville's median listing price comes in at 0% of the national average.

Zanesville's average listing price for 2024-05-01 was $313,212, a difference of $39,890 (14.6%) versus the prior year and $30,386 versus the prior month.

For the 2024-05-01 period, Zanesville had 89 MLS listings, a difference of 12 listings (16%) versus the prior month and 3 listings (3%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Zanesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,609 sqft
2018-02-01 0 days 1,679 sqft
2018-03-01 0 days 1,666 sqft
2018-04-01 0 days 1,626 sqft
2018-05-01 0 days 1,616 sqft
2018-06-01 0 days 1,630 sqft
2018-07-01 0 days 1,897 sqft
2018-08-01 0 days 1,912 sqft
2018-09-01 0 days 1,891 sqft
2018-10-01 0 days 1,892 sqft
2018-11-01 0 days 1,960 sqft
2018-12-01 0 days 1,970 sqft
2019-01-01 0 days 1,898 sqft
2019-02-01 0 days 1,915 sqft
2019-03-01 0 days 1,912 sqft
2019-04-01 0 days 1,903 sqft
2019-05-01 0 days 1,681 sqft
2019-06-01 0 days 1,786 sqft
2019-07-01 0 days 1,777 sqft
2019-08-01 0 days 1,790 sqft
2019-09-01 0 days 1,826 sqft
2019-10-01 0 days 1,849 sqft
2019-11-01 0 days 1,781 sqft
2019-12-01 0 days 1,767 sqft
2020-01-01 0 days 1,771 sqft
2020-02-01 0 days 1,813 sqft
2020-03-01 0 days 1,754 sqft
2020-04-01 0 days 1,761 sqft
2020-05-01 0 days 1,916 sqft
2020-06-01 0 days 1,895 sqft
2020-07-01 0 days 1,907 sqft
2020-08-01 0 days 1,685 sqft
2020-09-01 0 days 1,667 sqft
2020-10-01 0 days 1,680 sqft
2020-11-01 0 days 1,705 sqft
2020-12-01 0 days 1,684 sqft
2021-01-01 0 days 1,629 sqft
2021-02-01 0 days 1,628 sqft
2021-03-01 0 days 1,648 sqft
2021-04-01 0 days 1,680 sqft
2021-05-01 0 days 1,832 sqft
2021-06-01 0 days 1,895 sqft
2021-07-01 0 days 1,992 sqft
2021-08-01 0 days 1,949 sqft
2021-09-01 0 days 1,875 sqft
2021-10-01 0 days 1,746 sqft
2021-11-01 0 days 1,610 sqft
2021-12-01 0 days 1,564 sqft
2022-01-01 0 days 1,470 sqft
2022-02-01 0 days 1,610 sqft
2022-03-01 0 days 1,693 sqft
2022-04-01 0 days 1,549 sqft
2022-05-01 0 days 1,582 sqft
2022-06-01 0 days 1,681 sqft
2022-07-01 0 days 1,817 sqft
2022-08-01 0 days 1,664 sqft
2022-09-01 0 days 1,722 sqft
2022-10-01 0 days 1,729 sqft
2022-11-01 0 days 1,780 sqft
2022-12-01 0 days 1,656 sqft
2023-01-01 0 days 1,583 sqft
2023-02-01 0 days 1,558 sqft
2023-03-01 0 days 1,629 sqft
2023-04-01 0 days 1,551 sqft
2023-05-01 0 days 1,777 sqft
2023-06-01 0 days 1,891 sqft
2023-07-01 0 days 1,849 sqft
2023-08-01 0 days 2,033 sqft
2023-09-01 0 days 1,898 sqft
2023-10-01 0 days 1,900 sqft
2023-11-01 0 days 1,884 sqft
2023-12-01 0 days 1,839 sqft
2024-01-01 0 days 1,746 sqft
2024-02-01 0 days 1,832 sqft
2024-03-01 0 days 1,830 sqft
2024-04-01 0 days 1,840 sqft
2024-05-01 0 days 2,048 sqft
Zanesville's median listing age (time on market) for 2024-05-01 was 0 days.

Zanesville's median square footage for active listings during the 2024-05-01 period was 2,048 sqft. One year prior, the average listing was 1,777 sqft.

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).