Florida FHA Loan Rates, Closing Costs & Stats

Florida

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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.

    Florida FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Florida averaged 6.12% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Florida's average FHA mortgage closing costs are $10,151.

    The average rate for the prior week (2025-03-28) was 6.42% and one month ago for the week of 2025-02-28, the average rate was 6.5%.

    The average rate one year ago was 6.72%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.95%.

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

    Florida 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 Florida level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 12,160 6.22% $15,887
    DHI MORTGAGE COMPANY, LTD. 5,996 5.08% $9,518
    QUICKEN LOANS, LLC 5,108 6.22% $14,379
    EAGLE HOME MORTGAGE, LLC 3,555 4.91% $12,519
    FREEDOM MORTGAGE CORPORATION 2,389 6.27% $14,970
    LOANDEPOT.COM, LLC 2,236 6.04% $13,120
    CROSSCOUNTRY MORTGAGE, LLC 2,128 6.50% $15,233
    Paramount Residential Mortgage Group, Inc. 1,489 6.52% $17,449
    PENNYMAC LOAN SERVICES, LLC 1,400 6.13% $13,481
    BROKER SOLUTIONS, INC. 1,287 6.62% $15,023
    FBC MORTGAGE, LLC 1,096 5.91% $13,495
    Equity Prime Mortgage LLC 1,008 6.69% $15,104
    NEWREZ LLC 984 6.35% $14,026
    Flagstar Bank, FSB 831 6.36% $13,662
    EVERETT FINANCIAL, INC. 770 6.79% $13,683
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 750 6.59% $13,351
    MOVEMENT MORTGAGE, LLC 722 6.57% $13,117
    CMG MORTGAGE, INC. 700 6.14% $15,802
    NFM, INC. 680 5.69% $14,829
    CARDINAL FINANCIAL 670 6.20% $15,045
    THE MORTGAGE FIRM, INC. 655 6.65% $11,856
    NVR Mortgage Finance, Inc. 629 6.11% $10,821
    Plains Commerce Bank 601 6.40% $14,531
    AMERICAN PACIFIC MORTGAGE CORPORATION 596 6.49% $17,762
    GUILD MORTGAGE COMPANY 593 6.51% $12,632
    PULTE MORTGAGE LLC 553 5.05% $8,607
    KBHS HOME LOANS, LLC 552 5.76% $13,196
    AMERICAN FINANCIAL NETWORK, INC. 546 6.78% $15,343
    GUARANTEED RATE, INC. 514 6.17% $15,136
    HOMEAMERICAN MORTGAGE CORPORATION 513 4.95% $6,938
    South Pacific Financial Corporation 464 5.05% $9,479
    INSPIRE HOME LOANS INC. 461 5.28% $9,994
    MID AMERICA MORTGAGE, INC. 443 6.91% $10,547
    Carrington Mortgage Services, LLC 436 6.35% $15,362
    Century Mortgage Company DBA Century Lending Company 421 6.20% $15,374
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 389 6.53% $13,789
    UNION HOME MORTGAGE CORP. 389 6.53% $13,629
    The Loan Store, Inc. 372 6.19% $16,931
    Waterstone Mortgage Corporation 362 6.62% $14,821
    VANDERBILT MORTGAGE AND FINANCE, INC. 360 5.23% $12,828
    Mr. Cooper ( Nationstar Mortgage ) 340 6.53% $15,295
    MY MORTGAGE, INC. 337 6.76% $17,958
    HOMESIDE FINANCIAL, LLC 333 6.49% $14,400
    PLAZA HOME MORTGAGE, INC. 327 6.71% $15,766
    M/I FINANCIAL, LLC 325 5.35% $20,329
    Bank of England 300 6.32% $13,142
    SUN WEST MORTGAGE COMPANY, INC. 291 6.15% $16,732
    Ameris Bank 285 5.86% $8,972
    MATTAMY HOME FUNDING, LLC 278 5.74% $11,524
    JET HOMELOANS, LLC 275 5.36% $13,368
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 272 6.38% $15,696
    HOME SOLUTION LENDERS INC. 264 5.81% $21,288
    Residential Acceptance Corporation 262 7.06% $12,962
    STOCKTON MORTGAGE CORPORATION 257 6.53% $12,976
    LAKEVIEW LOAN SERVICING, LLC 245 6.40% $9,985
    VILLAGE CAPITAL MORTGAGE 239 6.44% $9,890
    First Heritage Mortgage, LLC 237 5.25% $14,434
    Cornerstone First Mortgage, Inc 237 6.58% $15,301
    MUTUAL OF OMAHA MORTGAGE, INC. 234 6.39% $15,693
    GARDNER FINANCIAL SERVICES, LTD. 223 6.56% $12,328
    JMAC LENDING, INC. 212 6.18% $15,530
    EMBRACE HOME LOANS, INC. 212 6.27% $13,687
    PLANET HOME LENDING, LLC 208 6.37% $12,241
    Ixonia Bank 203 6.63% $13,631
    ALKAN MORTGAGE CORPORATION 201 6.54% $13,977
    OCMBC, INC. 199 6.75% $16,173
    FIRST COMMUNITY MORTGAGE, INC. 198 6.59% $13,877
    TOWNE MORTGAGE COMPANY 195 6.32% $14,965
    ABSOLUTE HOME MORTGAGE CORPORATION 191 6.60% $16,589
    AMERICAN BANCSHARES MORTGAGE 190 6.58% $13,595
    LOANPAL, LLC 187 5.74% $13,973
    EMM LOANS LLC 186 6.35% $14,087
    Regions Bank 185 6.22% $12,803
    Mortgage Lenders Investment Trading Corporation 183 6.79% $12,187
    AMERISAVE MORTGAGE CORPORATION 183 6.12% $16,808
    AMERICAN FINANCIAL RESOURCES, INC. 183 6.66% $13,733
    ZILLOW HOME LOANS, LLC 182 6.29% $12,955
    SWBC MORTGAGE CORPORATION 180 6.59% $9,021
    PRIMARY RESIDENTIAL MORTGAGE, INC. 173 6.68% $16,949
    South State Bank 169 6.20% $12,084
    Lakeview Community Capital, LLC 168 6.37% $9,924
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 168 6.38% $12,578
    T2 FINANCIAL LLC 162 6.61% $14,907
    University Bank 159 6.17% $11,050
    JPMorgan Chase Bank 157 6.19% $9,588
    GENEVA FINANCIAL, LLC 152 6.71% $15,953
    SUCCESS MORTGAGE PARTNERS, INC. 149 6.41% $13,686
    AMERITRUST MORTGAGE CORPORATION 147 6.66% $18,864
    Sierra Pacific Mortgage Company, Inc. 141 6.34% $16,698
    PARK SQUARE HOME MORTGAGE, LLC 140 5.20% $12,822
    LEADERONE FINANCIAL CORPORATION 136 6.44% $11,206
    VAN DYK MORTGAGE CORPORATION 132 6.67% $9,470
    GUARANTEED RATE AFFINITY, LLC 130 6.46% $14,250
    PRIMELENDING, A PLAINSCAPITAL COMPANY 129 6.67% $12,765
    VELOCIO MORTGAGE L.L.C. 117 5.14% $15,653
    GERSHMAN INVESTMENT CORP. 114 6.47% $12,406
    Prosperity Home Mortgage, LLC 112 6.22% $13,962
    CANOPY MORTGAGE, LLC 109 6.45% $15,052
    MICHIGAN MUTUAL, INC. 109 6.30% $16,180
    HOMEBRIDGE FINANCIAL SERVICES, INC. 108 6.16% $17,185
    NATIONWIDE MORTGAGE BANKERS, INC. 107 6.80% $18,835
    HOMESPIRE MORTGAGE CORPORATION 106 6.45% $14,587
    AFFORDABLE MORTGAGE ADVISORS, LLC. 104 6.55% $11,229
    Nations Lending Corporation 103 6.77% $13,171
    POINT Mortgage 103 6.80% $17,383
    Truist 101 6.35% $9,747
    First Federal Bank 101 6.25% $9,568
    Keystone Funding, Inc. 99 6.30% $15,222
    SECURITYNATIONAL MORTGAGE COMPANY 99 6.59% $15,652
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 96 6.65% $15,443
    1ST FINANCIAL, INC. 92 6.68% $21,896
    GEO-CORP, INC. 92 7.26% $21,430
    AmeriHome Mortgage Company, LLC 91 6.47% $11,140
    DG PINNACLE FUNDING LLC 91 6.67% $19,042
    Mortgage Research Center, LLC 91 6.62% $9,304
    American Mortgage & Equity Consultants, Inc. 90 6.68% $15,440
    HOMEOWNERS FINANCIAL GROUP USA, LLC 90 6.45% $13,735
    AMERICAN FINANCING CORPORATION 89 6.05% $14,835
    BAY EQUITY LLC 88 6.29% $13,061
    U.S. Bank 83 6.23% $11,945
    Hometown Equity Mortgage, LLC 83 6.34% $18,101
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 79 5.75% $14,843
    Synovus Bank 78 6.34% $11,344
    MILEND, INC. 77 6.25% $17,274
    Centennial Bank 76 6.48% $11,406
    TOP FLITE FINANCIAL, INC. 76 6.66% $16,524
    City National Bank of Florida 72 5.90% $14,293
    READY MORTGAGE LENDERS, LLC 72 6.82% $21,872
    ACOPIA, LLC 72 6.51% $16,396
    MORTGAGE SOLUTIONS OF COLORADO, LLC 72 6.91% $14,358
    Northpointe Bank 67 6.30% $13,200
    City Lending Inc. 64 6.73% $15,644
    MORTGAGE EQUITY PARTNERS LLC 64 6.67% $16,563
    NATIONS DIRECT MORTGAGE, LLC 61 6.37% $16,944
    BM Real Estate Services, Inc. 59 5.75% $17,769
    UNITED MORTGAGE CORP 59 6.69% $17,627
    INTELLILOAN, INC. 58 6.15% $6,828
    MORTGAGE FINANCIAL GROUP, INC. 57 6.34% $12,475
    OPEN MORTGAGE, LLC 56 6.53% $14,788
    ALLIED MORTGAGE GROUP, INC. 55 6.15% $13,758
    Trustmark National Bank 54 6.41% $10,748
    FIRST COLONY MORTGAGE CORPORATION 53 6.33% $15,564
    NJ LENDERS CORP. 53 6.25% $14,363
    TJC Mortgage, Inc. 53 6.41% $14,861
    Loan Simple, Inc. 53 6.66% $14,902
    NP, Inc. 51 6.53% $17,047
    Wells Fargo Bank 51 6.03% $13,937
    The Federal Savings Bank 47 6.59% $14,803
    DIRECT MORTGAGE LOANS, LLC 46 6.44% $13,541
    Home Mortgage Alliance Corp 45 6.96% $16,178
    BELEM SERVICING LLC 45 6.53% $18,048
    Bell Bank 44 6.25% $12,194
    HOME FINANCING CENTER, INC. 44 7.23% $30,203
    NORTHPOINT MORTGAGE, INC. 43 6.35% $13,826
    Bank of America 43 6.17% $10,527
    NORWICH COMMERCIAL GROUP, INC. 43 6.45% $14,188
    TOTAL MORTGAGE SERVICES, LLC 42 6.58% $15,077
    LOANPEOPLE, LLC 42 5.95% $12,963
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 42 6.48% $12,522
    PANORAMA MORTGAGE GROUP, LLC 41 6.69% $15,431
    DELMAR FINANCIAL COMPANY 41 6.44% $10,893
    FIRST ALLIANCE HOME MORTGAGE, LLC 40 6.37% $17,920
    BAYSHORE MORTGAGE FUNDING, LLC 40 6.40% $13,871
    First Option Mortgage, LLC 40 6.62% $14,680
    Hancock Whitney Bank 40 6.13% $11,097
    CLIFFCO, INC. 40 6.42% $14,445
    AHL FUNDING 39 6.45% $19,356
    ENVOY MORTGAGE, LTD 38 6.82% $11,663
    NETWORK CAPITAL FUNDING CORPORATION 38 6.09% $19,133
    PHH Mortgage Corporation 37 6.09% $13,370
    VYSTAR 37 7.36% $7,609
    VERITAS FUNDING, LLC 36 6.36% $17,463
    Alcova Mortgage LLC 36 6.78% $7,599
    BETTER MORTGAGE CORPORATION 36 5.84% $12,756
    SUMMIT FUNDING, INC. 35 6.24% $14,391
    TIDEWATER MORTGAGE SERVICES, INC. 35 6.71% $11,153
    MORTGAGE 1 INCORPORATED 35 6.41% $13,535
    CHURCHILL MORTGAGE CORPORATION 34 6.44% $14,617
    CALCON MUTUAL MORTGAGE LLC 34 6.51% $16,201
    Acre Mortgage and Financial Inc 34 6.47% $16,469
    FIDELITY BANK 33 6.35% $10,851
    SOUTHPOINT FINANCIAL SERVICES, INC. 33 6.50% $12,450
    LADERA LENDING, INC. 32 6.20% $13,176
    FAIRWAY FUNDING GROUP, INC. 32 6.21% $13,998
    A&D Mortgage LLC 32 6.44% $21,672
    BECKAM FUNDING CORP. 31 7.17% $20,864
    DSLD MORTGAGE, LLC 30 5.63% $9,368
    First Horizon Bank 30 6.39% $13,895
    NBKC BANK 30 6.07% $11,765
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 29 6.55% $10,379
    Wolfe Financial, Inc 28 7.08% $12,465
    PNC Bank 28 6.51% $10,105
    Advisors Mortgage Group, L.L.C. 28 6.33% $12,672
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 27 6.51% $15,856
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 27 6.63% $11,463
    Gateway First Bank 27 6.64% $12,421
    OCEANSIDE MORTGAGE COMPANY 27 6.10% $6,965
    PENTAGON FEDERAL CREDIT UNION 27 5.89% $15,112
    Midwest Mortgage Associates Corporation 27 6.43% $10,186
    ROYAL UNITED MORTGAGE LLC 27 6.72% $10,990
    RELIANCE FIRST CAPITAL, LLC 26 6.33% $15,870
    BANKING MORTGAGE SERVICES, B.M.S. CORP. 26 6.66% $22,438
    Fifth Third Bank 26 6.41% $11,990
    SFMC, LP 25 6.48% $14,465
    Tyndall Federal Credit Union 25 6.21% $8,818
    Barrington Bank & Trust Company, N.A. 25 6.74% $11,865
    Commerce Home Mortgage, Inc. 24 6.30% $18,741
    DAS Acquisition Company, LLC 24 6.93% $12,075
    BAY CAPITAL MORTGAGE CORPORATION 24 6.31% $11,249
    NEAL COMMUNITIES FUNDING, LLC 24 6.14% $11,338
    TruHome Solutions, LLC 24 6.08% $11,540
    AXIA FINANCIAL, LLC 23 6.76% $15,741
    WATSON MORTGAGE CORP. 23 6.71% $11,581
    Network Funding, L.P. 22 6.62% $12,949
    LAKE MICHIGAN CREDIT UNION 21 6.12% $11,738
    Capital City Home Loans, LLC 21 6.49% $11,460
    Florida Capital Bank 21 6.21% $13,743
    Strong Home Mortgage, LLC 21 5.80% $12,014
    PREFERRED LENDING SERVICES, LLC 21 6.45% $11,919
    THE EQUITABLE MORTGAGE CORPORATION 20 6.46% $13,191
    Summit Mortgage Corporation 20 6.61% $16,957
    SeaTrust Mortgage Company 19 6.37% $13,300
    PREMIER MORTGAGE RESOURCES, L.L.C. 19 6.60% $14,893
    RUOFF MORTGAGE COMPANY, INC. 19 6.32% $9,275
    GMFS LLC 19 6.33% $9,462
    BancorpSouth 19 6.43% $10,047
    ServisFirst Bank 18 6.26% $9,585
    FIRST EQUITY MORTGAGE BANKERS, INC. 18 6.93% $16,277
    Premium Mortgage Corporation 18 6.78% $12,816
    M&T Bank 18 6.45% $11,316
    METROPLEX MORTGAGE SERVICES, INC. 18 6.55% $11,823
    J. VIRGIL, INC. 17 6.65% $13,860
    East Coast Capital Corp. 17 6.61% $16,953
    TBI MORTGAGE COMPANY 17 5.81% $19,101
    HALLMARK HOME MORTGAGE, LLC 17 6.73% $12,527
    NEW DAY FINANCIAL, LLC 17 7.56% $6,101
    US MORTGAGE CORPORATION 16 6.77% $15,061
    FIRST MORTGAGE COMPANY, INC. 16 6.28% $13,749
    Presidential Bank, FSB 16 6.55% $12,516
    LIBERTY HOME MORTGAGE CORPORATION 16 6.66% $17,391
    SPACE COAST Credit Union 16 6.60% $12,502
    American Mortgage Bank, LLC 16 5.99% $14,585
    EQUITY RESOURCES, INC. 15 6.74% $11,628
    ARC HOME LLC 15 6.41% $23,171
    CITY FIRST MORTGAGE SERVICES, L.L.C. 15 6.73% $15,493
    Granite Community Bank 15 6.27% $14,600
    LAND HOME FINANCIAL SERVICES, INC. 13 6.83% $16,641
    Residential Mortgage Solutions, Inc. 13 6.46% $16,009
    MORIA DEVELOPMENT, INC. 13 6.85% $14,547
    RADIUS FINANCIAL GROUP INC. 13 6.49% $16,319
    CONTOUR MORTGAGE CORPORATION 13 6.56% $14,182
    RESIDENTIAL BANCORP 12 6.14% $12,677
    LEGEND LENDING CORPORATION 12 6.48% $16,802
    Renasant Bank 12 6.41% $9,808
    GSF Mortgage Corporation 12 6.52% $13,277
    AmRes Corporation 12 6.72% $17,153
    GTE Federal Credit Union 12 6.30% $9,978
    1ST SIGNATURE LENDING, LLC 11 6.65% $13,775
    Citizens Bank 11 6.25% $12,075
    Seacoast National Bank 11 6.38% $10,051
    CASTLE & COOKE MORTGAGE, LLC 11 6.13% $17,118
    Texana Bank 10 6.29% $17,464
    MLB RESIDENTIAL LENDING, LLC 10 6.45% $13,865
    HOMEXPRESS MORTGAGE CORP. 10 6.30% $18,534
    TD Bank 10 6.90% $9,521
    COMMUNITY CREDIT UNION OF FLORIDA 10 5.95% $8,488
    COUNTRYPLACE MORTGAGE, LTD. 10 4.75% $11,431
    Performance Financial, Inc. 10 6.83% $14,686
    COMPASS MORTGAGE, INC. 9 6.29% $13,878
    Magnolia Bank 9 6.40% $13,042
    Arvest Bank 9 6.13% $10,560
    ON Q FINANCIAL, INC. 9 6.61% $13,553
    NOVA FINANCIAL & INVESTMENT CORPORATION 8 6.59% $8,308
    United Community Bank 8 6.22% $13,221
    MORTGAGEONE, INC. 8 6.28% $13,150
    LOANFLIGHT LENDING, LLC 8 6.25% $13,738
    FIRST HOME MORTGAGE CORPORATION 8 6.73% $15,438
    ENDEAVOR CAPITAL, LLC. 8 6.36% $9,945
    HARTFORD FUNDING, LTD. 8 6.16% $16,228
    ROSS MORTGAGE CORPORATION 8 6.77% $10,933
    V.I.P. MORTGAGE, INC. 8 6.44% $13,114
    Chickasaw Community Bank 8 6.53% $6,159
    NATIONS RELIABLE LENDING, LLC 7 6.48% $13,545
    MEMBER FIRST MORTGAGE, LLC 7 6.25% $11,728
    Valley National Bank 7 6.05% $14,068
    LOANLEADERS OF AMERICA, INC. 7 6.34% $16,725
    Franklin Loan Corporation 7 6.13% $19,008
    Capital Bank 7 6.09% $15,424
    HOMESTEAD FUNDING CORP. 7 6.12% $10,087
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 7 6.71% $10,331
    Encompass Lending Group, LP 7 6.50% $10,225
    THE MORTGAGE LINK, INC. 7 6.93% $18,547
    Towne Bank 6 6.15% $14,127
    Goldwater Bank, N.A. 6 6.69% $10,224
    THE MORTGAGE WAREHOUSE,LLC 6 6.04% $11,830
    HighTechLending Inc 6 6.48% $19,216
    NexBank 6 6.21% $23,392
    NEXERA HOLDING LLC 6 5.79% $10,357
    GVC MORTGAGE, INC. 6 6.65% $16,743
    Mid-Continent Funding, Inc. 6 6.71% $10,451
    1ST 2ND MORTGAGE COMPANY OF N.J., INC. 6 6.06% $14,345
    SmartBank 6 6.10% $10,140
    OceanFirst Bank 6 5.69% $12,845
    NEW FED MORTGAGE, CORP. 6 6.33% $12,541
    DEVELOPER'S MORTGAGE COMPANY 6 6.13% $14,090
    Victorian Finance, LLC 5 6.58% $14,307
    SIRVA MORTGAGE, INC. 5 6.68% $7,644
    RESOURCE FINANCIAL SERVICES, INC. 5 6.98% $12,058
    AMERICAN FEDERAL MORTGAGE CORPORATION 5 5.93% $9,809
    ACHIEVA CREDIT UNION 5 6.43% $10,366
    MORTGAGE INVESTORS GROUP, INC. 5 6.20% $10,072
    NATION ONE MORTGAGE CORPORATION 5 6.75% $18,867
    BankPlus 5 5.98% $10,759
    The Central Trust Bank 5 6.37% $10,936
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 5 6.72% $13,454
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 5 5.88% $11,487
    CORNERSTONE HOME LENDING, INC. 5 6.63% $15,459
    SOUTHWEST FUNDING, LP 5 6.75% $11,898
    BOND STREET MORTGAGE, LLC 5 6.48% $16,375
    CityWorth Mortgage LLC 5 6.03% $16,288
    PREMIER LENDING, INC. 4 6.53% $14,657
    Mortgage Assurance Inc. 4 6.47% $14,695
    MASON MCDUFFIE MORTGAGE CORPORATION 4 7.06% $11,955
    The Union Bank Company 4 5.97% $9,909
    Preston Home Loans Inc 4 6.63% $11,810
    ML Mortgage Corp. 4 6.88% $18,032
    Pacific Lending LLC 4 6.59% $14,973
    POLARIS HOME FUNDING CORP. 4 6.47% $19,139
    BANKSOUTH MORTGAGE COMPANY, LLC 4 6.06% $18,098
    DATA MORTGAGE, INC. 4 6.44% $10,699
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 4 7.09% $16,796
    PREMIA MORTGAGE, LLC 4 6.06% $11,597
    First-Citizens Bank & Trust Company 3 5.83% $14,392
    Raymond James Bank 3 6.50% $9,424
    Willamette Valley Bank 3 6.42% $16,823
    GREENTREE MORTGAGE COMPANY, L.P. 3 6.25% $9,910
    Vellum Mortgage, Inc. 3 6.63% $14,000
    FLAT BRANCH MORTGAGE, INC. 3 6.88% $14,149
    INTERSTATE HOME LOAN CENTER, INC. 3 6.83% $20,391
    INTERCOASTAL MORTGAGE COMPANY 3 6.54% $13,059
    RANLIFE, INC. 3 6.71% $14,240
    S1L, Inc. 3 6.71% $15,525
    Blue Ridge Bank 3 6.13% $9,712
    THE MONEY HOUSE INC. 3 6.04% $15,815
    The Huntington National Bank 3 6.33% $10,423
    MSA MORTGAGE, LLC 3 6.29% $11,953
    PACIFIC RESIDENTIAL MORTGAGE, LLC 3 6.38% $11,592
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 3 6.58% $13,429
    HUNT MORTGAGE CORPORATION 3 6.33% $14,104
    MORTGAGE ONE OF THE SOUTH, INC. 3 5.29% $8,884
    FIDELITY DIRECT MORTGAGE, LLC 3 7.04% $18,965
    MLD MORTGAGE INC. 3 5.71% $18,599
    Atlantic Coast Mortgage, LLC 3 6.62% $9,883
    SOUTHWEST STAGE FUNDING, LLC 3 6.50% $8,419
    Citibank 3 5.83% $10,046
    COMMUNITY MORTGAGE CORPORATION 3 6.29% $13,139
    CIBM Bank 2 6.25% $11,493
    INTERCAP LENDING INC. 2 7.25% $11,546
    ISERVE RESIDENTIAL LENDING, LLC 2 5.69% $16,419
    JET DIRECT FUNDING CORP 2 6.88% $21,515
    First State Bank of St. Charles, Missouri 2 6.50% $10,331
    First National Bank Texas 2 5.63% $12,518
    LENOX FINANCIAL MORTGAGE CORPORATION 2 6.19% $12,345
    First Federal Bank, A FSB 2 6.25% $13,710
    FIRST EQUITY MORTGAGE INCORPORATED 2 6.06% $14,514
    MEGASTAR FINANCIAL CORP. 2 6.38% $11,756
    FirstBank 2 6.13% $15,523
    MORTGAGE ACCESS CORP. 2 5.50% $11,118
    MORTGAGE FINANCIAL SERVICES, LLC 2 6.50% $13,810
    FAIR WAY LENDING LLC 2 6.06% $13,098
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 6.50% $18,351
    EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.44% $8,744
    Easthampton Savings Bank 2 6.31% $11,009
    DIRECT MORTGAGE, CORP. 2 6.06% $23,866
    ONY GLO, INC. 2 6.63% $11,622
    Paramount Bank 2 6.44% $11,940
    Pen Air Federal Credit Union 2 6.81% $7,848
    Community Bank of Mississippi 2 5.63% $10,592
    Quontic Bank 2 6.44% $15,450
    Republic Bank & Trust Company 2 5.38% $12,871
    SOUTHERN TRUST MORTGAGE, LLC 2 6.44% $11,603
    CAPITAL CENTER, L.L.C. 2 6.25% $6,302
    SOVEREIGN LENDING GROUP INCORPORATED 2 6.25% $13,677
    ST FIN CORP 2 3.38% $12,916
    The Dart Bank 2 6.38% $9,341
    UNION CAPITAL MORTGAGE CORPORATION 2 5.69% $19,322
    WesBanco 2 6.38% $11,826
    SouthPoint Bank 1 6.25% $12,024
    Colony Bank 1 6.25% $10,566
    PLUS RELOCATION MORTGAGE, LLC 1 6.75% $10,442
    PINNACLE MORTGAGE, INC. 1 6.50% $8,213
    Pinnacle Bank 1 6.25% $14,530
    HARBORONE MORTGAGE, LLC 1 6.63% $13,205
    COMMUNITY MORTGAGE FUNDING, LLC 1 6.13% $10,707
    STAUNTON FINANCIAL, INC. 1 6.99% $10,684
    GREENSTATE CREDIT UNION 1 5.75% $9,315
    Stifel Bank and Trust 1 6.75% $8,307
    BOKF 1 6.13% $17,725
    Stride Bank 1 6.75% $17,165
    Consumer First Mortgage, Inc. 1 6.99% $7,965
    Old National Bank 1 5.88% $5,488
    Bethpage Federal Credit Union 1 6.38% $4,025
    Countybank 1 6.63% $18,331
    Sunflower Bank 1 6.63% $14,008
    BAY-VALLEY MORTGAGE GROUP 1 7.13% $18,409
    OAKTREE FUNDING CORP. 1 6.63% $12,610
    Credence Funding Corporation 1 6.75% $7,772
    Northwest Bank 1 6.25% $11,753
    NORTHERN MORTGAGE SERVICES, LLC 1 6.99% $13,285
    North American Savings Bank, F.S.B. 1 5.25% $18,044
    NMSI, INC. 1 5.50% $22,712
    DIRECT LENDERS, LLC 1 7.13% $11,939
    WILLIAM RAVEIS MORTGAGE, LLC 1 7.00% $11,718
    NEW WAVE LENDING GROUP INC 1 5.88% $17,360
    1ST PRIORITY MORTGAGE, INC. 1 6.88% $14,634
    NBH Bank 1 6.50% $4,205
    Bank OZK 1 6.13% $13,745
    NATIONWIDE EQUITIES CORPORATION 1 6.63% $20,203
    Bank of Tennessee 1 5.63% $10,511
    MYCUMORTGAGE, LLC 1 6.63% $17,171
    Equity Bank 1 6.00% $7,860
    Evolve Bank & Trust 1 6.63% $13,073
    FAMILY FINANCE MORTGAGE, LLC 1 6.63% $15,223
    Fidelity Bank 1 7.00% $11,717
    MJW Financial LLC 1 5.75% $14,355
    MILLENIUM HOME MORTGAGE, LLC 1 6.75% $19,193
    MID-ISLAND MORTGAGE CORP. 1 6.13% $12,711
    Assurance Financial Group, L.L.C. 1 7.63% $18,204
    TRISTAR FINANCE, INC. 1 6.75% $17,262
    FIRSTBANK PUERTO RICO 1 6.25% $13,580
    ASSOCIATED MORTGAGE BANKERS, INC. 1 6.75% $15,220
    Meridian Bank Corporation 1 6.25% $20,252
    Merchants Bank of Indiana 1 6.13% $9,916
    GREENWAY MORTGAGE FUNDING CORP. 1 7.00% $18,931
    Armed Forces Bank 1 5.75% $13,893
    MEMBERS 1ST FEDERAL CREDIT UNION 1 6.63% $9,359
    FIRST CONTINENTAL MORTGAGE, LTD. 1 6.25% $9,262
    First Palmetto Bank 1 6.63% $9,030
    Arbor Bank 1 5.50% $12,858
    Kwik Mortgage Corporation 1 6.75% $16,756
    First PREMIER Bank 1 6.13% $9,519
    Firstrust Savings Bank 1 6.75% $8,684
    KeyBank 1 6.00% $9,687
    First State Bank 1 7.13% $7,947
    JMJ FINANCIAL GROUP 1 6.25% $10,095
    FIRST STATE MORTGAGE SERVICES, LLC 1 6.25% $17,477
    ALTITUDE FINANCIAL CORPORATION 1 7.13% $13,395
    ALAMEDA MORTGAGE CORPORATION 1 7.13% $16,744
    FM Home Loans, LLC 1 6.50% $15,945
    Integrity Home Mortgage Corp 1 5.25% $19,308
    HOMETRUST MORTGAGE COMPANY 1 7.13% $12,240
    VISION ONE MORTGAGE, INC. 1 6.00% $13,057
    GoPrime Mortgage, Inc. 1 6.13% $9,448
    Wallick & Volk, Inc. 1 6.63% $14,680
    WALL STREET MORTGAGE BANKERS, LTD. 1 5.75% $18,156
    Academy Bank 1 6.25% $11,573
    Semper Home Loans, Inc. 1 5.75% $18,053
    Sandy Spring Bank 1 5.75% $9,482
    RESIDENTIAL HOME MORTGAGE CORPORATION 1 6.63% $10,117
    CITYWIDE HOME LOANS, LLC 1 6.25% $19,178
    Princeton Mortgage Corporation 1 6.25% $16,236
    Great Southern Bank 1 6.50% $8,386
    Home Loan Investment Bank, F.S.B. 1 6.63% $10,427

    The top Florida FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 12,160 FHA loans originated. Their average total fees are $15,887, which is $6,369 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Florida FHA lenders (with over 10 loans originated) are NEW DAY FINANCIAL, LLC ($6,101), INTELLILOAN, INC. ($6,828), HOMEAMERICAN MORTGAGE CORPORATION ($6,938), OCEANSIDE MORTGAGE COMPANY ($6,965) and Alcova Mortgage LLC ($7,599).

    The lowest rate Florida FHA lenders (with over 10 loans originated) are COUNTRYPLACE MORTGAGE, LTD. (4.75%), EAGLE HOME MORTGAGE, LLC (4.91%), HOMEAMERICAN MORTGAGE CORPORATION (4.95%), South Pacific Financial Corporation (5.05%) and PULTE MORTGAGE LLC (5.05%).

    Florida FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    GAINESVILLE, FL ALACHUA 2022 $420,680 $538,650 $651,050 $809,150
    JACKSONVILLE, FL BAKER 2022 $432,400 $553,550 $669,100 $831,550
    PANAMA CITY, FL BAY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BRADFORD 2022 $420,680 $538,650 $651,050 $809,150
    PALM BAY-MELBOURNE-TITUSVILLE, FL BREVARD 2022 $420,680 $538,650 $651,050 $809,150
    MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL BROWARD 2022 $460,000 $588,850 $711,800 $884,600
    NON-METRO CALHOUN 2022 $420,680 $538,650 $651,050 $809,150
    PUNTA GORDA, FL CHARLOTTE 2022 $420,680 $538,650 $651,050 $809,150
    HOMOSASSA SPRINGS, FL CITRUS 2022 $420,680 $538,650 $651,050 $809,150
    JACKSONVILLE, FL CLAY 2022 $432,400 $553,550 $669,100 $831,550
    NAPLES-MARCO ISLAND, FL COLLIER 2022 $552,000 $706,650 $854,200 $1,061,550
    LAKE CITY, FL COLUMBIA 2022 $420,680 $538,650 $651,050 $809,150
    ARCADIA, FL DESOTO 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DIXIE 2022 $420,680 $538,650 $651,050 $809,150
    JACKSONVILLE, FL DUVAL 2022 $432,400 $553,550 $669,100 $831,550
    PENSACOLA-FERRY PASS-BRENT, FL ESCAMBIA 2022 $420,680 $538,650 $651,050 $809,150
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL FLAGLER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
    TALLAHASSEE, FL GADSDEN 2022 $420,680 $538,650 $651,050 $809,150
    GAINESVILLE, FL GILCHRIST 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GLADES 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GULF 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HAMILTON 2022 $420,680 $538,650 $651,050 $809,150
    WAUCHULA, FL HARDEE 2022 $420,680 $538,650 $651,050 $809,150
    CLEWISTON, FL HENDRY 2022 $420,680 $538,650 $651,050 $809,150
    TAMPA-ST. PETERSBURG-CLEARWATER, FL HERNANDO 2022 $420,680 $538,650 $651,050 $809,150
    SEBRING-AVON PARK, FL HIGHLANDS 2022 $420,680 $538,650 $651,050 $809,150
    TAMPA-ST. PETERSBURG-CLEARWATER, FL HILLSBOROUGH 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HOLMES 2022 $420,680 $538,650 $651,050 $809,150
    SEBASTIAN-VERO BEACH, FL INDIAN RIVER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO JACKSON 2022 $420,680 $538,650 $651,050 $809,150
    TALLAHASSEE, FL JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LAFAYETTE 2022 $420,680 $538,650 $651,050 $809,150
    ORLANDO-KISSIMMEE-SANFORD, FL LAKE 2022 $420,680 $538,650 $651,050 $809,150
    CAPE CORAL-FORT MYERS, FL LEE 2022 $420,680 $538,650 $651,050 $809,150
    TALLAHASSEE, FL LEON 2022 $420,680 $538,650 $651,050 $809,150
    GAINESVILLE, FL LEVY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LIBERTY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MADISON 2022 $420,680 $538,650 $651,050 $809,150
    NORTH PORT-SARASOTA-BRADENTON, FL MANATEE 2022 $420,680 $538,650 $651,050 $809,150
    OCALA, FL MARION 2022 $420,680 $538,650 $651,050 $809,150
    PORT ST. LUCIE, FL MARTIN 2022 $431,250 $552,050 $667,350 $829,350
    MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL MIAMI-DADE 2022 $460,000 $588,850 $711,800 $884,600
    KEY WEST, FL MONROE 2022 $710,700 $909,800 $1,099,750 $1,366,750
    JACKSONVILLE, FL NASSAU 2022 $432,400 $553,550 $669,100 $831,550
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL OKALOOSA 2022 $539,350 $690,450 $834,600 $1,037,200
    OKEECHOBEE, FL OKEECHOBEE 2022 $420,680 $538,650 $651,050 $809,150
    ORLANDO-KISSIMMEE-SANFORD, FL ORANGE 2022 $420,680 $538,650 $651,050 $809,150
    ORLANDO-KISSIMMEE-SANFORD, FL OSCEOLA 2022 $420,680 $538,650 $651,050 $809,150
    MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL PALM BEACH 2022 $460,000 $588,850 $711,800 $884,600
    TAMPA-ST. PETERSBURG-CLEARWATER, FL PASCO 2022 $420,680 $538,650 $651,050 $809,150
    TAMPA-ST. PETERSBURG-CLEARWATER, FL PINELLAS 2022 $420,680 $538,650 $651,050 $809,150
    LAKELAND-WINTER HAVEN, FL POLK 2022 $420,680 $538,650 $651,050 $809,150
    PALATKA, FL PUTNAM 2022 $420,680 $538,650 $651,050 $809,150
    JACKSONVILLE, FL ST. JOHNS 2022 $432,400 $553,550 $669,100 $831,550
    PORT ST. LUCIE, FL ST. LUCIE 2022 $431,250 $552,050 $667,350 $829,350
    PENSACOLA-FERRY PASS-BRENT, FL SANTA ROSA 2022 $420,680 $538,650 $651,050 $809,150
    NORTH PORT-SARASOTA-BRADENTON, FL SARASOTA 2022 $420,680 $538,650 $651,050 $809,150
    ORLANDO-KISSIMMEE-SANFORD, FL SEMINOLE 2022 $420,680 $538,650 $651,050 $809,150
    THE VILLAGES, FL SUMTER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SUWANNEE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO TAYLOR 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO UNION 2022 $420,680 $538,650 $651,050 $809,150
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL VOLUSIA 2022 $420,680 $538,650 $651,050 $809,150
    TALLAHASSEE, FL WAKULLA 2022 $420,680 $538,650 $651,050 $809,150
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL WALTON 2022 $539,350 $690,450 $834,600 $1,037,200
    NON-METRO WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    CLEWISTON, FL HENDRY 2023 $472,030 $604,400 $730,525 $907,900
    GAINESVILLE, FL ALACHUA 2023 $472,030 $604,400 $730,525 $907,900
    JACKSONVILLE, FL BAKER 2023 $526,700 $674,250 $815,050 $1,012,900
    PANAMA CITY, FL BAY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BRADFORD 2023 $472,030 $604,400 $730,525 $907,900
    PALM BAY-MELBOURNE-TITUSVILLE, FL BREVARD 2023 $472,030 $604,400 $730,525 $907,900
    MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL BROWARD 2023 $557,750 $714,000 $863,100 $1,072,600
    NON-METRO CALHOUN 2023 $472,030 $604,400 $730,525 $907,900
    PUNTA GORDA, FL CHARLOTTE 2023 $472,030 $604,400 $730,525 $907,900
    HOMOSASSA SPRINGS, FL CITRUS 2023 $472,030 $604,400 $730,525 $907,900
    JACKSONVILLE, FL CLAY 2023 $526,700 $674,250 $815,050 $1,012,900
    NAPLES-MARCO ISLAND, FL COLLIER 2023 $672,750 $861,250 $1,041,050 $1,293,750
    LAKE CITY, FL COLUMBIA 2023 $472,030 $604,400 $730,525 $907,900
    ARCADIA, FL DESOTO 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DIXIE 2023 $472,030 $604,400 $730,525 $907,900
    JACKSONVILLE, FL DUVAL 2023 $526,700 $674,250 $815,050 $1,012,900
    PENSACOLA-FERRY PASS-BRENT, FL ESCAMBIA 2023 $472,030 $604,400 $730,525 $907,900
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL FLAGLER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900
    TALLAHASSEE, FL GADSDEN 2023 $472,030 $604,400 $730,525 $907,900
    GAINESVILLE, FL GILCHRIST 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GLADES 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GULF 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HAMILTON 2023 $472,030 $604,400 $730,525 $907,900
    WAUCHULA, FL HARDEE 2023 $472,030 $604,400 $730,525 $907,900
    TAMPA-ST. PETERSBURG-CLEARWATER, FL HERNANDO 2023 $472,030 $604,400 $730,525 $907,900
    SEBRING-AVON PARK, FL HIGHLANDS 2023 $472,030 $604,400 $730,525 $907,900
    TAMPA-ST. PETERSBURG-CLEARWATER, FL HILLSBOROUGH 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HOLMES 2023 $472,030 $604,400 $730,525 $907,900
    SEBASTIAN-VERO BEACH, FL INDIAN RIVER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO JACKSON 2023 $472,030 $604,400 $730,525 $907,900
    TALLAHASSEE, FL JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LAFAYETTE 2023 $472,030 $604,400 $730,525 $907,900
    ORLANDO-KISSIMMEE-SANFORD, FL LAKE 2023 $472,030 $604,400 $730,525 $907,900
    CAPE CORAL-FORT MYERS, FL LEE 2023 $472,030 $604,400 $730,525 $907,900
    TALLAHASSEE, FL LEON 2023 $472,030 $604,400 $730,525 $907,900
    GAINESVILLE, FL LEVY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LIBERTY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MADISON 2023 $472,030 $604,400 $730,525 $907,900
    NORTH PORT-SARASOTA-BRADENTON, FL MANATEE 2023 $506,000 $647,750 $783,000 $973,100
    OCALA, FL MARION 2023 $472,030 $604,400 $730,525 $907,900
    PORT ST. LUCIE, FL MARTIN 2023 $500,250 $640,400 $774,100 $962,050
    MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL MIAMI-DADE 2023 $557,750 $714,000 $863,100 $1,072,600
    KEY WEST, FL MONROE 2023 $874,000 $1,118,900 $1,352,450 $1,680,800
    JACKSONVILLE, FL NASSAU 2023 $526,700 $674,250 $815,050 $1,012,900
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL OKALOOSA 2023 $603,750 $772,900 $934,250 $1,161,050
    OKEECHOBEE, FL OKEECHOBEE 2023 $472,030 $604,400 $730,525 $907,900
    ORLANDO-KISSIMMEE-SANFORD, FL ORANGE 2023 $472,030 $604,400 $730,525 $907,900
    ORLANDO-KISSIMMEE-SANFORD, FL OSCEOLA 2023 $472,030 $604,400 $730,525 $907,900
    MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL PALM BEACH 2023 $557,750 $714,000 $863,100 $1,072,600
    TAMPA-ST. PETERSBURG-CLEARWATER, FL PASCO 2023 $472,030 $604,400 $730,525 $907,900
    TAMPA-ST. PETERSBURG-CLEARWATER, FL PINELLAS 2023 $472,030 $604,400 $730,525 $907,900
    LAKELAND-WINTER HAVEN, FL POLK 2023 $472,030 $604,400 $730,525 $907,900
    PALATKA, FL PUTNAM 2023 $472,030 $604,400 $730,525 $907,900
    JACKSONVILLE, FL ST. JOHNS 2023 $526,700 $674,250 $815,050 $1,012,900
    PORT ST. LUCIE, FL ST. LUCIE 2023 $500,250 $640,400 $774,100 $962,050
    PENSACOLA-FERRY PASS-BRENT, FL SANTA ROSA 2023 $472,030 $604,400 $730,525 $907,900
    NORTH PORT-SARASOTA-BRADENTON, FL SARASOTA 2023 $506,000 $647,750 $783,000 $973,100
    ORLANDO-KISSIMMEE-SANFORD, FL SEMINOLE 2023 $472,030 $604,400 $730,525 $907,900
    THE VILLAGES, FL SUMTER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SUWANNEE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO TAYLOR 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO UNION 2023 $472,030 $604,400 $730,525 $907,900
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL VOLUSIA 2023 $472,030 $604,400 $730,525 $907,900
    TALLAHASSEE, FL WAKULLA 2023 $472,030 $604,400 $730,525 $907,900
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL WALTON 2023 $603,750 $772,900 $934,250 $1,161,050
    NON-METRO WASHINGTON 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).