Florida FHA Loan Rates, Closing Costs & Stats

Florida

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).