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 6.17% for the week of 2023-01-27, compared to the national average (all FHA variants) of 6.186% for the same period.

    Florida's average FHA mortgage closing costs are $8,308.

    The average rate for the prior week (2023-01-20) was 6.04% and one month ago for the week of 2022-12-23, the average rate was 6.34%.

    The average rate one year ago was 3.63%.

    For refis of the same type during the week of 2023-01-27, the average rate was 5.9%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    QUICKEN LOANS, LLC 9,185 2.72% $6,816
    CALIBER HOME LOANS, INC. 6,059 2.93% $8,960
    UNITED WHOLESALE MORTGAGE, LLC 5,962 2.77% $9,317
    FREEDOM MORTGAGE CORPORATION 4,662 2.88% $6,784
    CROSSCOUNTRY MORTGAGE, LLC 3,476 3.15% $10,219
    DHI MORTGAGE COMPANY, LTD. 3,335 2.88% $8,389
    Paramount Residential Mortgage Group, Inc. 3,009 3.29% $11,474
    PENNYMAC LOAN SERVICES, LLC 2,987 3.11% $5,743
    LAKEVIEW LOAN SERVICING, LLC 2,953 3.07% $5,041
    LOANDEPOT.COM, LLC 2,507 3.21% $9,483
    EAGLE HOME MORTGAGE, LLC 2,313 3.33% $10,013
    FBC MORTGAGE, LLC 2,292 3.09% $8,938
    Mr. Cooper ( Nationstar Mortgage ) 2,282 3.28% $4,736
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1,756 3.10% $9,533
    Lakeview Community Capital, LLC 1,727 3.05% $5,139
    NEWREZ LLC 1,561 2.95% $7,186
    THE MORTGAGE FIRM, INC. 1,477 3.19% $8,459
    BROKER SOLUTIONS, INC. 1,420 3.24% $9,788
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,342 3.21% $9,078
    AMERICAN FINANCIAL NETWORK, INC. 1,294 3.19% $14,625
    HOME POINT FINANCIAL CORPORATION 1,282 2.83% $9,217
    Carrington Mortgage Services, LLC 1,275 3.43% $9,433
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1,185 3.04% $9,530
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1,135 3.51% $11,341
    Equity Prime Mortgage LLC 1,013 3.24% $8,859
    Mortgage Lenders Investment Trading Corporation 1,008 3.48% $7,417
    HAMILTON HOME LOANS, INC. 845 3.26% $9,751
    MOVEMENT MORTGAGE, LLC 844 3.23% $8,331
    VILLAGE CAPITAL MORTGAGE 831 2.96% $2,926
    AmeriHome Mortgage Company, LLC 759 2.96% $4,954
    AMERIFIRST FINANCIAL CORPORATION 726 3.66% $9,280
    GUARANTEED RATE, INC. 664 2.99% $9,295
    Flagstar Bank, FSB 649 2.83% $9,247
    PLANET HOME LENDING, LLC 609 2.85% $6,312
    KBHS HOME LOANS, LLC 580 3.27% $11,485
    HOME SOLUTION LENDERS INC. 499 2.74% $8,796
    CMG MORTGAGE, INC. 462 3.26% $10,354
    Plains Commerce Bank 456 2.88% $8,506
    Nations Lending Corporation 440 3.21% $9,134
    Bank of England 433 3.24% $9,775
    NVR Mortgage Finance, Inc. 424 3.09% $10,490
    PULTE MORTGAGE LLC 423 3.13% $6,486
    VAN DYK MORTGAGE CORPORATION 409 3.27% $8,422
    SUCCESS MORTGAGE PARTNERS, INC. 406 3.20% $9,391
    Hometown Lenders, Inc. 400 3.38% $9,873
    HOMEOWNERS FINANCIAL GROUP USA, LLC 391 3.21% $9,067
    AMERICAN PACIFIC MORTGAGE CORPORATION 389 3.10% $9,132
    UNIVERSITY LENDING GROUP, LLC 377 3.00% $7,348
    AMERISAVE MORTGAGE CORPORATION 368 2.98% $8,861
    COLUMBUS CAPITAL LENDING, LLC 352 3.16% $13,130
    Hometown Equity Mortgage, LLC 349 3.49% $10,840
    First Guaranty Mortgage Corporation 349 2.96% $8,395
    FINANCE OF AMERICA MORTGAGE LLC 344 2.98% $9,638
    InterContinental Capital Group, Inc 335 2.81% $8,315
    ABSOLUTE HOME MORTGAGE CORPORATION 332 3.05% $10,152
    SHELTER MORTGAGE COMPANY, L.L.C. 328 3.17% $8,822
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 308 3.35% $9,453
    NP, Inc. 295 2.95% $10,748
    UNION HOME MORTGAGE CORP. 295 3.15% $8,686
    PLAZA HOME MORTGAGE, INC. 294 2.99% $10,181
    Waterstone Mortgage Corporation 293 3.36% $10,278
    AMCAP MORTGAGE, LTD. 291 3.18% $12,979
    PRIMELENDING, A PLAINSCAPITAL COMPANY 289 3.36% $8,568
    GENEVA FINANCIAL, LLC 280 3.16% $10,365
    CALCON MUTUAL MORTGAGE LLC 277 3.86% $8,701
    SECURITYNATIONAL MORTGAGE COMPANY 272 3.16% $9,763
    JET HOMELOANS, LLC 257 3.20% $10,006
    Ameris Bank 255 2.87% $7,681
    South Pacific Financial Corporation 255 2.78% $10,490
    HOMESPIRE MORTGAGE CORPORATION 250 3.28% $9,644
    MATTAMY HOME FUNDING, LLC 246 2.61% $11,021
    Commerce Home Mortgage, Inc. 244 3.15% $9,034
    MUTUAL OF OMAHA MORTGAGE, INC. 238 3.11% $8,845
    SWBC MORTGAGE CORPORATION 237 3.25% $7,635
    PANORAMA MORTGAGE GROUP, LLC 236 3.40% $10,742
    ACADEMY MORTGAGE CORPORATION 233 3.29% $9,125
    LAND HOME FINANCIAL SERVICES, INC. 225 3.53% $11,467
    SUN WEST MORTGAGE COMPANY, INC. 224 3.10% $8,916
    CELEBRITY HOME LOANS, LLC 220 3.20% $8,358
    Citizens Bank 215 2.81% $8,296
    OCMBC, INC. 213 3.00% $9,203
    Christensen Financial, Inc. 210 3.17% $9,369
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 207 3.27% $10,504
    Summit Mortgage Corporation 205 3.11% $9,782
    Regions Bank 203 2.83% $8,479
    HOMEAMERICAN MORTGAGE CORPORATION 200 2.86% $5,991
    First Federal Bank 200 3.21% $7,545
    GUILD MORTGAGE COMPANY 197 3.18% $8,783
    EMBRACE HOME LOANS, INC. 194 3.07% $8,464
    GUARANTEED RATE AFFINITY, LLC 192 2.86% $8,992
    EVERETT FINANCIAL, INC. 187 3.68% $7,590
    NATIONS DIRECT MORTGAGE, LLC 186 3.29% $9,963
    Bank of America 179 2.89% $5,972
    MICHIGAN MUTUAL, INC. 176 3.18% $10,422
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 176 3.01% $10,258
    FIRST EQUITY MORTGAGE BANKERS, INC. 175 3.12% $11,862
    PARK SQUARE HOME MORTGAGE, LLC 171 2.91% $9,865
    LENDUS, LLC 170 3.21% $9,703
    BAY EQUITY LLC 170 3.13% $10,356
    AMERICAN FINANCIAL RESOURCES, INC. 168 3.23% $7,660
    HOMESIDE FINANCIAL, LLC 165 3.04% $9,253
    HOME FINANCING CENTER, INC. 156 3.74% $13,268
    1ST FINANCIAL, INC. 154 3.12% $12,213
    Trustmark National Bank 154 2.79% $7,418
    South State Bank 153 2.83% $8,599
    OCEANSIDE MORTGAGE COMPANY 151 2.80% $3,553
    EMM LOANS LLC 147 3.16% $9,850
    First Option Mortgage, LLC 143 3.26% $9,440
    GERSHMAN INVESTMENT CORP. 141 3.24% $8,620
    U.S. Bank 139 2.87% $8,762
    READY MORTGAGE LENDERS, LLC 138 3.11% $14,247
    TOWNE MORTGAGE COMPANY 133 3.17% $9,817
    OPEN MORTGAGE, LLC 132 2.92% $8,723
    LOANPAL, LLC 129 2.64% $9,123
    MORTGAGE EQUITY PARTNERS LLC 128 3.32% $10,339
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 124 2.94% $8,874
    M/I FINANCIAL, LLC 123 2.80% $9,850
    CHURCHILL MORTGAGE CORPORATION 118 2.94% $8,587
    Centennial Bank 115 2.96% $8,234
    The Federal Savings Bank 115 2.83% $10,527
    INLANTA MORTGAGE, INC. 113 3.11% $8,090
    NFM, INC. 113 3.22% $9,639
    MID AMERICA MORTGAGE, INC. 109 3.13% $6,242
    Synovus Bank 109 3.08% $9,037
    Gateway First Bank 109 3.23% $7,803
    AMERICAN FINANCING CORPORATION 109 2.92% $8,047
    TOP FLITE FINANCIAL, INC. 109 3.28% $14,452
    ACOPIA, LLC 108 3.28% $10,028
    AMERICAN MORTGAGE SERVICE COMPANY 108 3.13% $7,949
    INSPIRE HOME LOANS INC. 105 3.27% $8,476
    Ixonia Bank 105 3.30% $9,865
    First Horizon Bank 104 3.01% $9,673
    LEADERONE FINANCIAL CORPORATION 100 3.47% $8,929
    Mortgage Research Center, LLC 99 3.09% $6,959
    VELOCIO MORTGAGE L.L.C. 98 3.15% $13,076
    AmRes Corporation 98 3.02% $10,622
    STOCKTON MORTGAGE CORPORATION 96 2.94% $8,335
    NATIONS RELIABLE LENDING, LLC 93 3.42% $9,246
    Prosperity Home Mortgage, LLC 91 3.46% $8,351
    NATIONWIDE MORTGAGE BANKERS, INC. 91 3.38% $9,684
    JPMorgan Chase Bank 90 2.99% $6,085
    Truist 88 2.95% $7,632
    FIDELITY FUNDING MORTGAGE CORP. 86 2.92% $7,560
    HOMESTAR FINANCIAL CORPORATION 85 3.17% $7,474
    DAS Acquisition Company, LLC 85 3.28% $8,638
    ENVOY MORTGAGE, LTD 80 3.13% $9,405
    Barrington Bank & Trust Company, N.A. 80 3.30% $7,958
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 80 3.25% $9,092
    CAPITAL PARTNERS MORTGAGE, LLC 79 3.28% $10,682
    NTFN, INC. 79 3.08% $7,908
    GSF Mortgage Corporation 78 3.36% $10,370
    CITY FIRST MORTGAGE SERVICES, L.L.C. 77 3.20% $10,409
    Capital City Home Loans, LLC 75 2.90% $7,932
    RESIDENTIAL HOME FUNDING CORP. 71 3.21% $11,264
    WATSON MORTGAGE CORP. 71 3.00% $8,293
    GROUP ONE MORTGAGE, INC. 70 2.80% $8,934
    KELLER MORTGAGE, LLC 69 2.80% $7,485
    VANDERBILT MORTGAGE AND FINANCE, INC. 69 3.16% $8,737
    Renasant Bank 69 2.97% $8,245
    Northpointe Bank 68 3.03% $8,962
    MORTGAGE 1 INCORPORATED 68 3.26% $10,013
    ANGEL OAK HOME LOANS LLC 65 2.97% $9,570
    CONTOUR MORTGAGE CORPORATION 64 3.17% $9,679
    First Home Bank 63 2.98% $10,019
    SOUTHPOINT FINANCIAL SERVICES, INC. 63 3.10% $7,661
    Eagle Bank and Trust Company 62 3.14% $7,874
    MORIA DEVELOPMENT, INC. 62 3.50% $8,871
    MORTGAGE FINANCIAL GROUP, INC. 62 2.98% $11,230
    Goldwater Bank, N.A. 60 3.29% $8,903
    FIDELITY BANK 59 3.32% $8,779
    Financial Freedom Mortgage, LLC 59 3.20% $10,853
    MORTGAGE SOLUTIONS OF COLORADO, LLC 58 3.18% $11,259
    PREFERRED LENDING SERVICES, LLC 58 3.37% $8,105
    RESIDENTIAL BANCORP. 58 3.03% $9,628
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 57 3.00% $11,115
    Advisors Mortgage Group, L.L.C. 57 2.92% $8,827
    ARC HOME LLC 56 2.89% $10,900
    INTERLINC MORTGAGE SERVICES, LLC 56 3.29% $6,990
    FIRST COMMUNITY MORTGAGE, INC. 56 3.12% $7,365
    ALLIED MORTGAGE GROUP, INC. 56 2.88% $10,709
    Alcova Mortgage LLC 55 3.08% $7,689
    BANKING MORTGAGE SERVICES, B.M.S. CORP. 55 3.06% $12,769
    FAIRWAY FUNDING GROUP, INC. 54 2.81% $9,737
    STEARNS LENDING, LLC 52 2.90% $9,385
    PNC Bank 52 2.76% $6,494
    Town Square Mortgage & Investments, Inc. 51 3.24% $8,283
    BECKAM FUNDING CORP. 51 3.41% $14,070
    Wolfe Financial, Inc 50 3.08% $8,686
    DELMAR FINANCIAL COMPANY 48 3.19% $8,719
    OVM FINANCIAL, INC. 48 3.35% $8,521
    RELIANCE FIRST CAPITAL, LLC 48 2.97% $10,687
    ZILLOW HOME LOANS, LLC 48 2.78% $9,030
    Wells Fargo Bank 48 3.24% $6,637
    BAYSHORE MORTGAGE FUNDING, LLC 47 2.98% $9,099
    Bell Bank 47 2.88% $7,379
    Colten Mortgage, LLC 47 3.18% $5,763
    UNITED MORTGAGE CORP. 46 3.03% $10,575
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 46 3.04% $8,909
    RESOURCE FINANCIAL SERVICES, INC. 46 3.04% $6,798
    Evolve Bank & Trust 45 3.00% $8,994
    NJ LENDERS CORP. 44 3.21% $8,264
    HANCOCK MORTGAGE PARTNERS, LLC 44 3.29% $8,950
    COUNTRYPLACE MORTGAGE, LTD. 43 3.79% $12,630
    FOUNDATION MORTGAGE CORPORATION 43 3.12% $9,722
    LIBERTY HOME MORTGAGE CORPORATION 42 3.21% $8,861
    T2 FINANCIAL LLC 41 3.15% $9,263
    Century Mortgage Company DBA Century Lending Company 41 3.01% $10,399
    TJC Mortgage, Inc. 41 3.04% $8,775
    SOVEREIGN LENDING GROUP INCORPORATED 40 2.90% $9,166
    A&D Mortgage LLC 39 2.91% $13,596
    Hancock Whitney Bank 38 2.55% $9,119
    PARKSIDE LENDING, LLC 38 2.74% $9,932
    SOUTHWEST STAGE FUNDING, LLC 37 3.33% $4,800
    CERTAINTY HOME LOANS, LLC 37 3.16% $7,877
    CROSSFIRE FINANCIAL NETWORK, INC. 37 2.98% $11,099
    CORNERSTONE HOME LENDING, INC. 37 3.12% $11,119
    GMFS LLC 36 2.82% $5,991
    M&T Bank 36 3.02% $8,116
    Seacoast National Bank 35 2.78% $8,098
    EQUITY RESOURCES, INC. 35 3.03% $7,990
    LOANLEADERS OF AMERICA, INC. 33 3.02% $12,703
    CityWorth Mortgage LLC 32 3.13% $9,199
    NORWICH COMMERCIAL GROUP, INC. 32 3.45% $9,618
    Magnolia Bank 31 2.87% $11,137
    FAMILY FIRST FUNDING LLC 31 2.95% $10,276
    J. VIRGIL, INC. 30 2.96% $9,095
    GREAT WESTERN FINANCIAL SERVICES, INC. 30 3.15% $8,781
    First Savings Bank 30 3.10% $8,755
    RUOFF MORTGAGE COMPANY, INC. 30 3.33% $6,163
    GTE Federal Credit Union 30 3.18% $7,831
    SPACE COAST Credit Union 30 2.98% $7,550
    NORTHPOINT MORTGAGE, INC. 29 2.98% $9,503
    The Home Loan Expert LLC 29 3.00% $8,137
    TOTAL MORTGAGE SERVICES, LLC 29 3.57% $9,968
    VYSTAR 29 2.94% $5,394
    PHH Mortgage Corporation 28 3.31% $5,669
    DATA MORTGAGE, INC. 28 3.82% $10,473
    Florida Capital Bank 26 2.83% $7,858
    JMAC LENDING, INC. 26 3.01% $8,112
    FIRST ALLIANCE HOME MORTGAGE, LLC 26 3.14% $9,811
    Network Funding, L.P. 26 2.90% $8,060
    INTELLILOAN, INC. 26 3.03% $7,263
    US MORTGAGE CORPORATION 25 3.18% $10,667
    TruHome Solutions, LLC 25 2.99% $8,141
    SOUTHWEST FUNDING, LP 25 3.51% $11,693
    BETTER MORTGAGE CORPORATION 25 2.76% $8,087
    HALLMARK HOME MORTGAGE, LLC 25 3.19% $11,409
    1ST SIGNATURE LENDING, LLC 25 3.24% $8,402
    LEGEND LENDING CORPORATION 25 3.37% $8,843
    NEAL COMMUNITIES FUNDING, LLC 24 2.81% $10,445
    United Fidelity Funding Corp. 24 3.26% $9,605
    Fifth Third Bank 24 2.95% $8,942
    Valley National Bank 23 2.99% $8,842
    Home Mortgage Alliance Corp 23 2.68% $10,110
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 23 3.20% $10,649
    MILEND, INC. 23 2.82% $11,110
    Wyndham Capital Mortgage, Inc. 22 2.73% $7,169
    MORTGAGE ONE OF THE SOUTH, INC. 22 2.40% $6,807
    DIRECT MORTGAGE LOANS, LLC 22 3.40% $9,109
    CANOPY MORTGAGE, LLC 22 3.01% $8,686
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 21 3.09% $8,315
    ALL WESTERN MORTGAGE, INC. 21 3.38% $9,138
    Tyndall Federal Credit Union 21 2.82% $6,619
    ROYAL UNITED MORTGAGE LLC 21 2.77% $10,244
    BANKERS MORTGAGE LENDING, INC. 21 2.81% $9,869
    NETWORK CAPITAL FUNDING CORPORATION 21 3.15% $10,368
    Beach Community Mortgage Services, Inc. 20 2.66% $8,486
    Peoples Bank 20 3.21% $9,246
    Strong Home Mortgage, LLC 19 2.69% $6,409
    Austin Capital Bank SSB 19 2.88% $9,584
    FIRST CENTENNIAL MORTGAGE CORPORATION 19 2.72% $8,120
    HUNT MORTGAGE CORPORATION 19 2.88% $7,918
    CBM Mortgage, Inc. 18 3.00% $7,990
    HighTechLending Inc 18 3.13% $11,986
    HOMETRUST MORTGAGE COMPANY 18 2.90% $7,205
    SIGNATURE MORTGAGE CORPORATION 18 3.30% $7,643
    CHAMPIONS MORTGAGE LLC 18 2.98% $8,450
    Loan Simple, Inc. 18 3.26% $8,368
    BAY CAPITAL MORTGAGE CORPORATION 18 2.81% $7,444
    TD Bank 17 2.88% $6,067
    THE EQUITABLE MORTGAGE CORPORATION 17 2.97% $8,334
    Midwest Mortgage Associates Corporation 17 2.96% $8,268
    POLARIS HOME FUNDING CORP. 17 3.10% $10,974
    Paramount Bank 17 2.82% $8,592
    Atlantic Home Loans, Inc. 17 2.95% $11,057
    Princeton Mortgage Corporation 16 3.05% $9,801
    CRESCENT MORTGAGE COMPANY 16 2.91% $8,242
    Blue Ridge Bank 16 3.02% $8,827
    Amerifirst Financial, Inc. 16 3.25% $9,672
    APEX HOME LOANS, INC. 16 3.01% $8,614
    COMPASS MORTGAGE, INC. 16 2.92% $9,248
    CIS Financial Services, Inc. 15 3.34% $8,872
    Sierra Pacific Mortgage Company, Inc. 15 3.02% $9,428
    Colonial Savings, F.A. 14 3.27% $7,368
    THRIVE MORTGAGE, LLC 14 3.31% $8,837
    AMERICAN ADVISORS GROUP 14 2.96% $9,091
    UNITED SECURITY FINANCIAL CORP 14 3.45% $10,778
    LADERA LENDING, INC. 13 3.05% $8,702
    A Mortgage Boutique, LLC 13 2.76% $6,292
    George Mason Mortgage, LLC 13 2.96% $10,294
    Mortgage Unlimited, L.L.C. 13 3.35% $8,805
    FLAT BRANCH MORTGAGE, INC. 13 3.28% $9,799
    RADIUS FINANCIAL GROUP INC. 13 3.01% $8,081
    DSLD MORTGAGE, LLC 12 2.45% $6,152
    FIRSTBANK PUERTO RICO 12 2.92% $11,391
    FIRST HOME MORTGAGE CORPORATION 12 3.10% $9,765
    DRAPER AND KRAMER MORTGAGE CORP. 12 2.92% $8,074
    BancorpSouth Bank 12 2.98% $7,516
    DEVELOPER'S MORTGAGE COMPANY 12 3.00% $8,043
    Progress Bank and Trust 12 2.65% $9,860
    Residential Mortgage Solutions, Inc. 12 2.82% $8,789
    GUARANTY HOME MORTGAGE CORPORATION 12 2.96% $9,004
    FAY SERVICING, LLC 11 3.11% $7,607
    Low VA Rates, LLC 11 2.92% $4,801
    JAMES B. NUTTER & COMPANY 11 2.91% $4,413
    LAKE MICHIGAN CREDIT UNION 11 2.75% $8,156
    SmartBank 11 2.51% $8,060
    Lend Smart Mortgage, LLC 11 3.07% $7,508
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 11 2.99% $11,785
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 10 3.41% $8,593
    SOUTHERN TRUST MORTGAGE, LLC 10 3.38% $9,027
    VERITAS FUNDING, LLC 10 2.56% $12,628
    North American Savings Bank, F.S.B. 10 2.71% $7,754
    ASPIRE FINANCIAL, INC. 10 2.45% $8,212
    MSA MORTGAGE, LLC 10 2.88% $10,540
    GREENTREE MORTGAGE COMPANY, L.P. 10 2.83% $8,165
    Pacific Lending LLC 9 3.21% $9,067
    NORTHERN MORTGAGE SERVICES, LLC 9 3.18% $8,281
    MYCUMORTGAGE, LLC 8 3.06% $8,269
    THE MONEY HOUSE INC. 8 2.64% $8,761
    Neighborhood Loans, Inc. 8 3.11% $10,557
    ML Mortgage Corp. 8 2.88% $9,489
    MLD MORTGAGE INC. 8 2.86% $8,935
    Raymond James Bank 8 2.98% $7,219
    PREMIA MORTGAGE, LLC 8 2.89% $6,398
    FirstBank 8 3.20% $7,679
    Trust Mortgage Lending 8 3.20% $14,257
    INTERCOASTAL MORTGAGE COMPANY 8 2.92% $9,509
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 7 3.05% $11,061
    Capital Bank 7 2.70% $9,060
    INTERSTATE HOME LOAN CENTER, INC. 7 2.68% $10,709
    CALCULATED RISK ANALYTICS LLC 7 3.13% $10,939
    Shamrock Home Loans, Inc. 7 3.30% $9,194
    LENDING 3, INC. 7 3.20% $7,865
    LENOX FINANCIAL MORTGAGE CORPORATION 7 2.86% $9,571
    MCLEAN MORTGAGE CORPORATION 7 3.11% $8,288
    BEST CAPITAL FUNDING 7 2.89% $11,803
    HOMESTEAD FUNDING CORP. 7 3.02% $7,841
    Allied First Bank,sb 7 2.64% $8,463
    East Coast Capital Corp. 7 2.75% $12,446
    The Huntington National Bank 7 3.00% $7,368
    Prime Choice Funding Inc. 7 2.95% $9,282
    Keystone Funding, Inc. 6 3.14% $7,195
    MORTGAGE INVESTORS GROUP, INC. 6 2.75% $9,007
    S1L, Inc. 6 3.27% $10,375
    First Midwest Bank 6 3.08% $7,197
    PREMIER LENDING, INC. 6 3.02% $8,425
    RANLIFE, INC. 6 2.71% $8,706
    Victorian Finance, LLC 6 3.56% $9,241
    Towne Bank 5 2.93% $6,973
    Mid-Continent Funding, Inc. 5 3.10% $9,170
    MEGA CAPITAL FUNDING, INC. 5 2.70% $14,247
    SIRVA MORTGAGE, INC. 5 3.00% $7,405
    ON Q FINANCIAL, INC. 5 2.98% $6,876
    RESIDENTIAL MORTGAGE SERVICES, INC. 5 2.95% $9,124
    Bethpage Federal Credit Union 5 3.18% $2,778
    United Community Bank 5 2.83% $10,284
    Acre Mortgage and Financial Inc 5 3.20% $11,781
    Chickasaw Community Bank 5 2.65% $8,754
    NBKC BANK 5 2.75% $9,953
    Quontic Bank 5 3.08% $10,501
    NEW FED MORTGAGE, CORP. 5 3.00% $10,403
    NEW DAY FINANCIAL, LLC 5 3.03% $5,958
    NATION ONE MORTGAGE CORPORATION 5 3.95% $12,236
    NEXERA HOLDING LLC 5 2.80% $8,926
    The Union Bank Company 5 2.78% $10,221
    WESTERN EXPRESS LENDING 5 2.88% $10,073
    Stifel Bank and Trust 5 2.68% $7,859
    MLB RESIDENTIAL LENDING, LLC 5 3.13% $11,447
    JET DIRECT FUNDING CORP 4 2.84% $13,571
    AHL FUNDING 4 3.34% $14,382
    AXIA FINANCIAL, LLC 4 3.06% $11,434
    CHERRY CREEK MORTGAGE, LLC 4 2.75% $2,623
    Credence Funding Corporation 4 2.75% $6,038
    ENDEAVOR CAPITAL, LLC. 4 3.09% $8,036
    FBT Mortgage, L.L.C. 4 2.53% $7,334
    FIDELITY DIRECT MORTGAGE, LLC 4 3.09% $9,399
    First Internet Bank of Indiana 4 2.81% $7,293
    First Mortgage Solutions, LLC 4 2.59% $6,773
    GET A RATE LLC 4 2.94% $9,859
    GREENWAY MORTGAGE FUNDING CORP. 4 4.13% $11,356
    GVC MORTGAGE, INC. 4 3.41% $8,175
    HARBORONE MORTGAGE, LLC 4 2.88% $6,982
    KS StateBank 4 2.66% $8,590
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 4 3.69% $13,926
    Platinum Home Mortgage Corporation 4 3.38% $14,614
    Republic Bank & Trust Company 4 3.44% $7,201
    Republic State Mortgage Co. 4 3.50% $7,073
    RESIDENTIAL HOME MORTGAGE CORPORATION 4 3.19% $4,278
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 4 3.03% $9,121
    ROSS MORTGAGE CORPORATION 4 3.59% $9,162
    Meridian Bank Corporation 3 2.42% $9,511
    INLAND BANK & TRUST 3 3.63% $10,253
    SHELTER HOME MORTGAGE, LLC 3 3.16% $7,592
    V.I.P. MORTGAGE, INC. 3 2.75% $7,223
    1st Constitution Bank 3 2.88% $8,471
    JLB CORPORATION 3 2.75% $7,112
    BNC National Bank 3 2.71% $8,207
    City National Bank of Florida 3 2.63% $7,591
    CITYWIDE HOME LOANS, LLC 3 3.54% $7,499
    CLEARPATH LENDING 3 2.83% $8,166
    Total Media Management, LLC 3 2.71% $7,783
    Premium Mortgage Corporation 3 2.88% $6,136
    TIAA, FSB 3 2.79% $9,947
    EVANSVILLE TEACHERS 3 2.79% $8,600
    Evesham Mortgage, LLC 3 3.08% $9,335
    MORTGAGE FINANCIAL SERVICES, LLC 3 2.83% $8,737
    RAPID MORTGAGE COMPANY 3 3.42% $7,718
    Patriot Lending Services, Inc. 3 3.54% $6,374
    Fortress Bank 3 2.88% $5,847
    BEST FINANCE CAPITAL, INC. 3 3.67% $11,287
    Kwik Mortgage Corporation 2 3.00% $9,297
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 3.50% $8,095
    Quaint Oak Mortgage, LLC 2 3.31% $6,527
    MORTGAGE ACCESS CORP. 2 3.31% $10,717
    MID-ISLAND MORTGAGE CORP. 2 2.88% $12,667
    WILLOW BEND MORTGAGE COMPANY, LLC 2 2.81% $8,600
    MDE Home Loans, LLC 2 2.63% $15,599
    PIKE CREEK MORTGAGE SERVICES, INC. 2 4.06% $9,719
    ITHINK FINANCIAL Credit Union 2 2.56% $19,708
    HomePromise Corporation 2 3.00% $15,489
    Gulf Coast Bank and Trust Company 2 2.69% $9,675
    FIRST WORLD MORTGAGE CORPORATION 2 2.81% $7,079
    First Federal Bank of Kansas City 2 3.13% $9,871
    First Federal Bank, A FSB 2 3.13% $5,691
    FIRST EQUITY MORTGAGE INCORPORATED 2 2.63% $10,140
    TBI MORTGAGE COMPANY 2 2.69% $12,769
    The Central Trust Bank 2 2.88% $7,858
    FAIR WAY LENDING LLC 2 3.00% $8,019
    EUSTIS AND AMERICAN MORTGAGE COMPANY 2 3.13% $12,558
    EagleBank 2 2.50% $8,064
    DIRECT LENDERS, LLC 2 3.50% $6,901
    TIDEWATER MORTGAGE SERVICES, INC. 2 2.94% $7,320
    DG PINNACLE FUNDING LLC 2 3.06% $9,367
    Congressional Bank 2 2.88% $7,952
    Triumph Bank 2 2.63% $8,996
    Citibank 2 3.38% $8,694
    BOND STREET MORTGAGE, LLC 2 3.00% $6,765
    BOKF 2 3.44% $7,323
    BELEM SERVICING LLC 2 2.75% $7,097
    BBVA USA 2 2.50% $6,762
    Atlantic Coast Mortgage, LLC 2 2.88% $8,493
    Assurance Financial Group, L.L.C. 2 2.81% $9,792
    ASSOCIATED MORTGAGE BANKERS, INC. 2 3.38% $12,646
    Watermark Capital, Inc. 2 2.38% $7,007
    PINNACLE LENDING GROUP, INC. 2 4.06% $7,358
    GENNEXT FUNDING, LLC 1 2.88% $7,753
    Midwest BankCentre 1 2.00% $9,705
    F&M Bank 1 2.25% $7,812
    Flanagan State Bank 1 3.63% $7,163
    BKCO MORTGAGE, LLC 1 2.99% $7,077
    Specialized Loan Servicing LLC 1 2.25% $6,204
    First United Bank and Trust Company 1 2.75% $11,738
    First PREMIER Bank 1 2.75% $7,834
    First National Bank Texas 1 3.75% $12,109
    First National Bank of Omaha 1 3.25% $5,783
    First Heritage Mortgage, LLC 1 2.75% $6,854
    Patriot Bank 1 2.63% $5,507
    Sunflower Bank 1 2.99% $6,215
    West Town Bank & Trust 1 3.25% $7,675
    Willamette Valley Bank 1 2.75% $7,674
    First Community Bank 1 2.75% $13,969
    Fidelity Bank 1 2.38% $6,824
    Axos Bank 1 3.00% $10,857
    F&B Acquisition Group LLC 1 2.63% $10,102
    PLUS RELOCATION MORTGAGE, LLC 1 3.25% $10,622
    PILGRIM MORTGAGE LLC 1 3.13% $7,077
    Mutual Federal Bank 1 2.25% $6,967
    NBH Bank 1 2.50% $6,842
    Pinnacle Bank 1 2.25% $9,287
    PERFORMANCE MORTGAGE LLC 1 3.75% $7,666
    THE MORTGAGE COMPANY 1 3.00% $8,191
    DREW MORTGAGE ASSOCIATES, INC. 1 3.13% $13,036
    THE MORTGAGE WAREHOUSE,LLC 1 2.88% $10,502
    DIRECT MORTGAGE, CORP. 1 2.75% $8,532
    THOMPSON KANE & COMPANY, LLC 1 3.63% $13,597
    VISION ONE MORTGAGE, INC. 1 2.88% $6,223
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 3.13% $5,197
    Arvest Bank 1 3.25% $8,410
    DIRECTIONS EQUITY, LLC 1 3.75% $13,722
    WALL STREET MORTGAGE BANKERS, LTD. 1 2.63% $10,817
    OAKTREE FUNDING CORP. 1 2.75% $16,663
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 2.88% $8,955
    Consumer First Mortgage, Inc. 1 2.50% $8,861
    Poli Mortgage Group, Inc. 1 2.38% $10,352
    COMMUNITY CREDIT UNION OF FLORIDA 1 2.88% $7,824
    Armed Forces Bank 1 3.00% $9,303
    Community Bank of Mississippi 1 2.75% $6,749
    CLIFFCO, INC. 1 2.88% $8,484
    Old National Bank 1 2.63% $7,436
    PROPER RATE, LLC 1 2.63% $13,358
    ONY GLO, INC. 1 2.25% $10,705
    City Bank 1 2.88% $7,617
    Union Savings Bank 1 3.25% $6,712
    American Security Mortgage Corp. 1 2.75% $9,510
    CIBC Bank USA 1 2.50% $10,337
    Chicago Financial Services, Inc. 1 2.88% $8,346
    Centier Bank 1 3.25% $8,155
    BRIDGEVIEW MORTGAGE CORP. 1 3.25% $9,206
    American Momentum Bank 1 3.75% $8,544
    AMERICAN HERITAGE FCU 1 3.00% $7,910
    Luxury Mortgage Corp. 1 2.75% $6,179
    LOANFLIGHT LENDING, LLC 1 2.38% $7,290
    AMERICAN FEDERAL MORTGAGE CORPORATION 1 2.88% $4,964
    Lake Area Bank 1 3.75% $9,114
    Ross Mortgage Company, Inc. 1 2.25% $8,544
    Advance Financial Group, LLC 1 3.00% $7,968
    UNIVERSAL LENDING CORPORATION 1 4.13% $11,644
    MEGASTAR FINANCIAL CORP. 1 2.25% $10,217
    Wilmington Savings Fund Society, FSB 1 2.50% $6,581
    JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 1 3.00% $10,998
    Sandy Spring Bank 1 2.88% $8,473
    UNIVERSAL MORTGAGE & FINANCE, INC. 1 3.00% $10,582
    SeaTrust Mortgage Company 1 3.25% $8,251
    ISERVE RESIDENTIAL LENDING, LLC 1 3.25% $9,593
    SEVERN SAVINGS BANK, FSB DBA SEVERN BANK 1 2.63% $13,402
    INTERNATIONAL CITY MORTGAGE, INC. 1 4.38% $11,212
    Shea Mortgage Inc. 1 3.00% $9,638
    Republic Bank 1 2.50% $8,854
    INTERCAP LENDING INC. 1 3.13% $8,929
    MEMBER FIRST MORTGAGE, LLC 1 3.50% $12,077
    Independent Bank 1 2.88% $6,555
    Huntingdon Valley Bank 1 2.75% $10,491
    American Midwest Mortgage Corporation 1 3.25% $4,279
    HOME FUNDING CORPORATION 1 3.00% $12,033
    Hamilton Mortgage Corporation 1 2.25% $2,877
    Gulf Winds Credit Union 1 3.00% $4,431
    Origin Bank 1 2.75% $5,926

    The top Florida FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 9,185 FHA loans originated. Their average total fees are $6,816, which is $2,143 lower than the next largest lender, CALIBER HOME LOANS, INC..

    The lowest fee Florida FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($2,926), OCEANSIDE MORTGAGE COMPANY ($3,553), JAMES B. NUTTER & COMPANY ($4,413), Mr. Cooper ( Nationstar Mortgage ) ($4,736) and SOUTHWEST STAGE FUNDING, LLC ($4,800).

    The lowest rate Florida FHA lenders (with over 10 loans originated) are MORTGAGE ONE OF THE SOUTH, INC. (2.40%), DSLD MORTGAGE, LLC (2.45%), ASPIRE FINANCIAL, INC. (2.45%), SmartBank (2.51%) and Hancock Whitney Bank (2.55%).

    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

    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).