Ohio FHA Loan Rates, Closing Costs & Stats

Ohio

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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.

    Ohio FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Ohio averaged 6.51% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

    Ohio's average FHA mortgage closing costs are $6,507.

    The average rate for the prior week (2023-05-19) was 6.08% and one month ago for the week of 2023-04-21, the average rate was 6.23%.

    The average rate one year ago was 5.14%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.58%.

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

    Ohio 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 Ohio level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 4,198 4.63% $8,229
    CROSSCOUNTRY MORTGAGE, LLC 2,833 5.37% $8,942
    The Huntington National Bank 1,423 5.08% $6,874
    LOANDEPOT.COM, LLC 1,043 5.09% $8,121
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,032 5.44% $7,108
    CALIBER HOME LOANS, INC. 920 4.84% $7,392
    UNITED WHOLESALE MORTGAGE, LLC 847 5.09% $8,932
    UNION HOME MORTGAGE CORP. 834 5.24% $8,210
    RUOFF MORTGAGE COMPANY, INC. 612 5.41% $6,349
    FREEDOM MORTGAGE CORPORATION 556 5.00% $8,417
    Mr. Cooper ( Nationstar Mortgage ) 511 4.69% $9,761
    LIBERTY HOME MORTGAGE CORPORATION 467 5.25% $7,822
    Nations Lending Corporation 466 5.17% $8,362
    DAS Acquisition Company, LLC 458 5.38% $9,248
    Waterstone Mortgage Corporation 453 5.25% $7,912
    PENNYMAC LOAN SERVICES, LLC 441 4.27% $7,799
    Fifth Third Bank 396 4.82% $5,725
    RAPID MORTGAGE COMPANY 396 5.33% $9,754
    T2 FINANCIAL LLC 376 5.32% $10,114
    NVR Mortgage Finance, Inc. 376 4.37% $13,160
    PRIMELENDING, A PLAINSCAPITAL COMPANY 375 5.21% $8,521
    POLARIS HOME FUNDING CORP. 366 5.30% $8,857
    NFM, INC. 340 5.52% $10,464
    AMERISAVE MORTGAGE CORPORATION 337 4.61% $9,602
    Carrington Mortgage Services, LLC 294 5.21% $9,118
    BROKER SOLUTIONS, INC. 293 5.30% $9,547
    Flagstar Bank, FSB 293 5.11% $8,052
    Paramount Residential Mortgage Group, Inc. 289 5.26% $9,205
    GUARANTEED RATE, INC. 286 5.31% $8,068
    LAKEVIEW LOAN SERVICING, LLC 282 4.20% $5,997
    HOMESIDE FINANCIAL, LLC 274 5.02% $8,723
    Union Savings Bank 264 4.77% $6,552
    Citizens Bank 263 4.87% $6,592
    AMERIFIRST FINANCIAL CORPORATION 217 5.41% $9,002
    EQUITY RESOURCES, INC. 210 5.05% $6,788
    CARDINAL FINANCIAL 197 5.01% $9,235
    PRIMARY RESIDENTIAL MORTGAGE, INC. 196 5.44% $9,062
    NEWREZ LLC 196 5.29% $7,658
    HOWARD HANNA FINANCIAL SERVICES, INC. 189 5.21% $8,119
    Hometown Lenders, Inc. 189 5.58% $9,135
    RELIANCE FIRST CAPITAL, LLC 183 5.02% $8,479
    MOVEMENT MORTGAGE, LLC 175 5.07% $8,592
    AMERICAN MORTGAGE SERVICE COMPANY 166 5.06% $8,975
    JPMorgan Chase Bank 162 5.02% $5,292
    HOME POINT FINANCIAL CORPORATION 160 4.57% $8,745
    THRIVE MORTGAGE, LLC 158 5.52% $8,083
    MYCUMORTGAGE, LLC 149 4.80% $5,934
    U.S. Bank 149 5.06% $6,724
    PNC Bank 147 4.81% $5,525
    WRIGHT-PATT CREDIT UNION, INC. 144 4.90% $5,802
    DHI MORTGAGE COMPANY, LTD. 143 4.07% $9,567
    EUSTIS AND AMERICAN MORTGAGE COMPANY 140 5.12% $7,216
    American Midwest Mortgage Corporation 139 5.46% $7,907
    TOP FLITE FINANCIAL, INC. 129 5.51% $11,440
    Equity Prime Mortgage LLC 128 5.39% $7,819
    FIRST OHIO HOME FINANCE, INC. 127 5.73% $3,663
    NATIONS RELIABLE LENDING, LLC 123 5.42% $10,528
    Mortgage Research Center, LLC 123 5.30% $5,624
    J. VIRGIL, INC. 120 5.27% $9,194
    Bank of England 120 5.16% $10,065
    VAN DYK MORTGAGE CORPORATION 116 5.24% $7,393
    VILLAGE CAPITAL MORTGAGE 111 3.70% $4,100
    MUTUAL OF OMAHA MORTGAGE, INC. 106 5.05% $9,832
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 106 5.23% $8,872
    VICTORY MORTGAGE, L.L.C. 103 4.61% $9,683
    GUARANTEED RATE AFFINITY, LLC 101 5.22% $8,681
    BAYSHORE MORTGAGE FUNDING, LLC 100 5.56% $10,047
    AMERICAN FINANCING CORPORATION 93 4.73% $8,214
    NATIONWIDE MORTGAGE BANKERS, INC. 93 5.53% $9,514
    YOUR HOME FINANCIAL LLC 90 5.31% $7,614
    AMERICAN PACIFIC MORTGAGE CORPORATION 87 5.40% $9,674
    EVERETT FINANCIAL, INC. 87 5.30% $6,548
    KeyBank 85 4.82% $7,067
    MID AMERICA MORTGAGE, INC. 78 5.42% $5,074
    GSF Mortgage Corporation 77 5.28% $8,931
    MORIA DEVELOPMENT, INC. 77 5.44% $8,753
    NORTHERN MORTGAGE SERVICES, LLC 76 5.15% $6,071
    DRAPER AND KRAMER MORTGAGE CORP. 76 5.22% $8,263
    The Union Bank Company 74 4.87% $8,021
    GUILD MORTGAGE COMPANY 73 5.05% $9,902
    ARC HOME LLC 71 4.94% $9,759
    Servion, Inc. 70 4.94% $6,131
    PLANET HOME LENDING, LLC 65 4.51% $8,225
    Gateway First Bank 63 5.49% $6,833
    PULTE MORTGAGE LLC 62 4.70% $8,731
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 61 5.45% $9,935
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 61 5.36% $7,268
    First Federal Bank of the Midwest 59 4.85% $6,976
    GENEVA FINANCIAL, LLC 57 5.75% $9,865
    M/I FINANCIAL, LLC 57 4.83% $13,202
    The Federal Savings Bank 52 4.96% $12,052
    NATIONS DIRECT MORTGAGE, LLC 51 4.72% $9,203
    STOCKTON MORTGAGE CORPORATION 51 5.12% $9,964
    Lakeview Community Capital, LLC 51 4.11% $6,593
    AMERICAN FINANCIAL RESOURCES, INC. 50 5.01% $8,808
    Republic State Mortgage Co. 49 5.27% $4,847
    WEST PENN FINANCIAL SERVICE CENTER, INC. 48 5.08% $6,082
    WesBanco Bank, Inc. 47 5.29% $6,699
    Dollar Bank, Federal Savings Bank 47 4.68% $5,973
    First Guaranty Mortgage Corporation 46 3.83% $8,254
    FIRST COMMUNITY MORTGAGE, INC. 45 6.03% $9,102
    First Financial Bank 43 5.17% $8,135
    Ixonia Bank 43 5.46% $7,898
    MICHIGAN MUTUAL, INC. 41 5.31% $8,760
    THE EQUITABLE MORTGAGE CORPORATION 40 4.91% $8,032
    HOMEBRIDGE FINANCIAL SERVICES, INC. 40 4.90% $8,961
    M&T Bank 39 4.38% $7,436
    LEADERONE FINANCIAL CORPORATION 39 5.34% $8,528
    CHURCHILL MORTGAGE CORPORATION 37 5.13% $8,724
    PLAZA HOME MORTGAGE, INC. 37 5.28% $7,940
    UNION CAPITAL MORTGAGE CORPORATION 37 5.04% $9,386
    RiverHills Bank 37 5.31% $7,382
    UNITED MORTGAGE CORP. 37 4.84% $10,642
    HALLMARK HOME MORTGAGE, LLC 35 5.45% $8,176
    Civista Bank 35 4.78% $6,975
    First Federal Savings and Loan Association of Lakewood 35 5.11% $8,040
    ALLIED MORTGAGE GROUP, INC. 35 4.70% $11,115
    East Coast Capital Corp. 34 4.99% $11,361
    1st National Bank 34 4.66% $6,703
    SUCCESS MORTGAGE PARTNERS, INC. 32 5.48% $10,120
    DELMAR FINANCIAL COMPANY 31 4.37% $8,408
    ZILLOW HOME LOANS, LLC 31 5.11% $8,139
    NORWICH COMMERCIAL GROUP, INC. 31 5.73% $7,742
    Hometown Equity Mortgage, LLC 31 5.28% $9,108
    Evolve Bank & Trust 31 5.47% $8,835
    GUARANTY HOME MORTGAGE CORPORATION 30 4.93% $8,579
    SUN WEST MORTGAGE COMPANY, INC. 29 4.88% $9,306
    KELLER MORTGAGE, LLC 29 4.90% $7,646
    Guardian Savings Bank, A Federal Savings Bank 28 4.61% $6,667
    Cincinnati Federal 28 4.90% $6,977
    Amerifirst Financial, Inc. 28 5.37% $8,136
    The State Bank and Trust Company 28 5.07% $6,589
    ENVOY MORTGAGE, LTD 27 5.18% $9,026
    JLB CORPORATION 27 4.72% $8,388
    Northpointe Bank 27 4.96% $8,806
    The Park National Bank 27 5.39% $6,939
    PARTNERS UNITED FINANCIAL, LLC 27 4.60% $11,398
    Plains Commerce Bank 27 5.69% $7,987
    DEVELOPER'S MORTGAGE COMPANY 26 4.77% $7,533
    CANTON SCHOOL EMPLOYEES 26 5.05% $5,451
    MORTGAGE SOLUTIONS OF COLORADO, LLC 25 5.54% $10,334
    ROYAL UNITED MORTGAGE LLC 24 4.74% $9,547
    First Commonwealth Bank 24 4.71% $6,293
    NTFN, INC. 24 5.49% $10,601
    EMBRACE HOME LOANS, INC. 23 5.22% $9,673
    CMG MORTGAGE, INC. 23 5.24% $7,965
    RESIDENTIAL BANCORP. 23 4.80% $8,713
    LOANPAL, LLC 23 4.47% $10,222
    First Option Mortgage, LLC 23 5.27% $7,894
    AMCAP MORTGAGE, LTD. 22 5.23% $9,255
    AmRes Corporation 22 5.28% $10,861
    ABSOLUTE HOME MORTGAGE CORPORATION 21 4.82% $8,431
    PRIORITY MORTGAGE CORP. 21 4.27% $7,360
    FIRST CENTENNIAL MORTGAGE CORPORATION 21 5.43% $9,527
    Wells Fargo Bank 20 4.93% $6,372
    Prosperity Home Mortgage, LLC 19 5.91% $8,370
    TOWNE MORTGAGE COMPANY 19 5.36% $9,642
    The Farmers National Bank of Canfield 19 4.26% $5,909
    OPTION FINANCIAL, LLC 19 6.01% $8,234
    US MORTGAGE CORPORATION 18 6.15% $8,981
    SECURITYNATIONAL MORTGAGE COMPANY 18 5.39% $9,839
    INSPIRE HOME LOANS INC. 18 4.99% $9,183
    MORTGAGE 1 INCORPORATED 18 5.58% $8,655
    AmeriHome Mortgage Company, LLC 17 4.74% $8,537
    Barrington Bank & Trust Company, N.A. 17 5.17% $9,180
    SOUTHWEST FUNDING, LP 15 6.15% $8,686
    NETWORK CAPITAL FUNDING CORPORATION 15 5.14% $8,581
    MIDLAND MORTGAGE CORPORATION 15 4.74% $11,632
    Mercantile Bank of Michigan 15 4.73% $8,218
    FINANCE OF AMERICA MORTGAGE LLC 14 5.47% $12,829
    NP, Inc. 14 5.76% $9,502
    Bank of America 14 4.55% $6,126
    Victorian Finance, LLC 13 5.31% $6,760
    NEW DAY FINANCIAL, LLC 13 5.24% $7,335
    ENDEAVOR CAPITAL, LLC. 12 5.57% $9,541
    Magnolia Bank 12 5.27% $11,382
    GVC MORTGAGE, INC. 11 5.73% $8,638
    Peoples Bank 11 5.65% $6,400
    LAND HOME FINANCIAL SERVICES, INC. 11 5.11% $9,617
    DIRECT MORTGAGE LOANS, LLC 11 4.52% $8,942
    VANDERBILT MORTGAGE AND FINANCE, INC. 11 5.59% $10,809
    Regions Bank 11 5.38% $8,974
    CONTOUR MORTGAGE CORPORATION 10 5.23% $9,223
    First Savings Bank 10 6.49% $16,611
    Neighborhood Loans, Inc. 10 5.89% $10,309
    Northwest Bank 10 4.89% $8,055
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 10 4.71% $11,386
    PHH Mortgage Corporation 9 4.89% $8,190
    Wyndham Capital Mortgage, Inc. 9 5.53% $8,017
    PACIFIC RESIDENTIAL MORTGAGE, LLC 9 4.97% $7,388
    BETTER MORTGAGE CORPORATION 9 4.39% $6,632
    SOUTHPOINT FINANCIAL SERVICES, INC. 9 5.15% $9,792
    OCEANSIDE MORTGAGE COMPANY 9 4.54% $4,593
    Paramount Bank 8 4.89% $9,483
    1ST SIGNATURE LENDING, LLC 8 4.88% $12,069
    HOMESPIRE MORTGAGE CORPORATION 8 4.75% $8,760
    Merchants Bank of Indiana 7 5.18% $7,539
    SUMMIT FUNDING, INC. 7 5.21% $10,117
    First National Bank of Pennsylvania 7 4.80% $5,970
    Ameris Bank 7 5.29% $7,435
    First Federal Bank 6 4.88% $11,412
    MORTGAGE CENTER L.C 6 5.50% $7,660
    SIBCY CLINE MORTGAGE SERVICES, INC. 6 6.02% $6,180
    Warsaw Federal Savings and Loan Association 6 5.40% $10,707
    Princeton Mortgage Corporation 6 4.79% $10,028
    Texana Bank 6 4.69% $10,569
    Chickasaw Community Bank 5 6.58% $6,120
    ROSS MORTGAGE CORPORATION 5 5.65% $11,184
    EMM LOANS LLC 5 5.13% $9,871
    MEMBER FIRST MORTGAGE, LLC 5 5.13% $6,659
    Century Mortgage Company DBA Century Lending Company 5 5.48% $6,639
    CHERRY CREEK MORTGAGE, LLC 5 5.17% $4,055
    SOUTHWEST STAGE FUNDING, LLC 5 5.28% $9,602
    PENTAGON FEDERAL CREDIT UNION 5 5.23% $6,958
    OCMBC, INC. 4 4.69% $8,546
    SIWELL, INC. 4 5.59% $5,750
    Residential Mortgage Solutions, Inc. 4 5.12% $13,453
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 4 6.19% $10,329
    ACADEMY MORTGAGE CORPORATION 4 6.31% $7,084
    Lend Smart Mortgage, LLC 4 6.28% $7,838
    NBKC BANK 4 5.31% $6,173
    VERITAS FUNDING, LLC 4 5.25% $14,663
    MLB RESIDENTIAL LENDING, LLC 4 5.47% $6,721
    Heartland Bank 4 5.81% $5,491
    Republic Bank & Trust Company 4 5.41% $9,026
    Peoples Bank 4 4.87% $9,314
    The Citizens National Bank of Bluffton 4 5.31% $5,787
    PLUS RELOCATION MORTGAGE, LLC 4 5.75% $8,423
    Strong Home Mortgage, LLC 4 4.50% $12,144
    First Home Bank 4 4.78% $9,375
    South State Bank 4 5.31% $5,787
    COMPASS MORTGAGE, INC. 3 4.75% $7,458
    BAY EQUITY LLC 3 6.04% $9,289
    ON Q FINANCIAL, INC. 3 5.50% $9,322
    Truist 3 4.94% $5,341
    HAMILTON HOME LOANS, INC. 3 5.29% $8,411
    S1L, Inc. 3 4.58% $8,549
    Blue Ridge Bank 3 4.50% $6,686
    Sierra Pacific Mortgage Company, Inc. 3 4.92% $6,639
    North American Savings Bank, F.S.B. 3 5.13% $8,651
    Independent Bank 3 5.25% $8,237
    Florida Capital Bank 3 6.00% $4,640
    SUPERIOR FINANCIAL SOLUTIONS, LLC 3 5.46% $5,932
    Goldwater Bank, N.A. 3 4.71% $6,361
    First Merchants Bank 2 5.19% $7,882
    Meridian Bank Corporation 2 5.50% $6,338
    Loan Simple, Inc. 2 6.81% $9,425
    LENOX FINANCIAL MORTGAGE CORPORATION 2 3.81% $7,223
    NEXERA HOLDING LLC 2 4.56% $7,554
    Home State Bank 2 3.81% $7,740
    Heritage Bank 2 5.00% $7,528
    First Internet Bank of Indiana 2 5.31% $10,038
    FIRST EQUITY MORTGAGE INCORPORATED 2 3.94% $8,192
    FBC MORTGAGE, LLC 2 5.69% $9,539
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 4.13% $5,776
    SIRVA MORTGAGE, INC. 2 4.44% $7,344
    Colonial Savings, F.A. 2 5.81% $11,101
    CALCON MUTUAL MORTGAGE LLC 2 6.19% $10,532
    UNITED 2 5.38% $5,600
    Arvest Bank 2 5.69% $14,163
    ANGEL OAK HOME LOANS LLC 2 4.13% $7,406
    SOUTH CENTRAL BANK, INC. 1 3.25% $6,109
    Red River Bank 1 5.75% $4,642
    First Financial Bank 1 3.75% $9,369
    FIRST HERITAGE FINANCIAL, LLC 1 3.38% $5,469
    First Horizon Bank 1 4.38% $7,472
    STEARNS LENDING, LLC 1 3.13% $6,694
    Congressional Bank 1 4.88% $10,860
    Presidential Bank, FSB 1 4.88% $9,048
    Premium Mortgage Corporation 1 4.25% $8,024
    PREMIA MORTGAGE, LLC 1 2.75% $5,616
    Sunflower Bank 1 5.13% $7,892
    Commerce Home Mortgage, Inc. 1 3.13% $17,495
    MMS MORTGAGE SERVICES, LTD. 1 3.88% $4,437
    SWBC MORTGAGE CORPORATION 1 6.25% $8,233
    Colten Mortgage, LLC 1 5.50% $13,819
    First United Bank 1 5.63% $10,783
    The Central Trust Bank 1 5.12% $5,304
    First United Bank and Trust Company 1 4.50% $12,071
    Willamette Valley Bank 1 3.38% $8,965
    City Bank 1 5.13% $11,010
    CIS Financial Services, Inc. 1 6.63% $6,844
    CIBC Bank USA 1 5.25% $9,379
    THE MORTGAGE FIRM, INC. 1 7.13% $9,530
    First Western Trust Bank 1 4.63% $6,228
    OPEN MORTGAGE, LLC 1 5.75% $4,091
    ONY GLO, INC. 1 5.50% $7,922
    CapStar Bank 1 3.50% $9,678
    Capital Bank 1 4.25% $7,863
    Towne Bank 1 5.75% $4,811
    CANOPY MORTGAGE, LLC 1 5.75% $8,015
    OAKTREE FUNDING CORP. 1 5.63% $5,791
    AHL FUNDING 1 4.50% $15,722
    BNC National Bank 1 4.75% $6,483
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.25% $9,623
    Low VA Rates, LLC 1 4.75% $10,215
    UNITED HOME LOANS, INC. 1 5.49% $2,242
    BKCO MORTGAGE, LLC 1 3.99% $7,561
    HomePromise Corporation 1 6.25% $5,716
    BEST CAPITAL FUNDING 1 5.75% $7,446
    BELEM SERVICING LLC 1 3.75% $19,094
    Integrity Home Mortgage Corp 1 3.75% $6,444
    BECKAM FUNDING CORP. 1 6.50% $11,852
    Network Funding, L.P. 1 6.63% $18,983
    INTERCAP LENDING INC. 1 6.50% $11,319
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 5.25% $10,114
    MORTGAGE ACCESS CORP. 1 6.50% $7,731
    INTERCOASTAL MORTGAGE COMPANY 1 4.88% $15,660
    MILESTONE HOME LENDING, LLC 1 7.25% $6,184
    LAKE MICHIGAN CREDIT UNION 1 5.63% $7,746
    Sandy Spring Bank 1 3.88% $10,237
    CRESCENT MORTGAGE COMPANY 1 5.25% $13,236
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 5.13% $22,319
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 5.25% $6,060
    EVANSVILLE TEACHERS 1 5.00% $5,792
    American Mortgage Bank, LLC 1 5.25% $5,896
    FAY SERVICING, LLC 1 3.00% $8,033

    The top Ohio FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 4,198 FHA loans originated. Their average total fees are $8,229, which is $713 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Ohio FHA lenders (with over 10 loans originated) are FIRST OHIO HOME FINANCE, INC. ($3,663), VILLAGE CAPITAL MORTGAGE ($4,100), Republic State Mortgage Co. ($4,847), MID AMERICA MORTGAGE, INC. ($5,074) and JPMorgan Chase Bank ($5,292).

    The lowest rate Ohio FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (3.70%), First Guaranty Mortgage Corporation (3.83%), DHI MORTGAGE COMPANY, LTD. (4.07%), Lakeview Community Capital, LLC (4.11%) and LAKEVIEW LOAN SERVICING, LLC (4.20%).

    Ohio FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    NON-METRO ADAMS 2022 $420,680 $538,650 $651,050 $809,150
    LIMA, OH ALLEN 2022 $420,680 $538,650 $651,050 $809,150
    ASHLAND, OH ASHLAND 2022 $420,680 $538,650 $651,050 $809,150
    ASHTABULA, OH ASHTABULA 2022 $420,680 $538,650 $651,050 $809,150
    ATHENS, OH ATHENS 2022 $420,680 $538,650 $651,050 $809,150
    WAPAKONETA, OH AUGLAIZE 2022 $420,680 $538,650 $651,050 $809,150
    WHEELING, WV-OH BELMONT 2022 $420,680 $538,650 $651,050 $809,150
    CINCINNATI, OH-KY-IN BROWN 2022 $420,680 $538,650 $651,050 $809,150
    CINCINNATI, OH-KY-IN BUTLER 2022 $420,680 $538,650 $651,050 $809,150
    CANTON-MASSILLON, OH CARROLL 2022 $420,680 $538,650 $651,050 $809,150
    URBANA, OH CHAMPAIGN 2022 $420,680 $538,650 $651,050 $809,150
    SPRINGFIELD, OH CLARK 2022 $420,680 $538,650 $651,050 $809,150
    CINCINNATI, OH-KY-IN CLERMONT 2022 $420,680 $538,650 $651,050 $809,150
    WILMINGTON, OH CLINTON 2022 $420,680 $538,650 $651,050 $809,150
    SALEM, OH COLUMBIANA 2022 $420,680 $538,650 $651,050 $809,150
    COSHOCTON, OH COSHOCTON 2022 $420,680 $538,650 $651,050 $809,150
    BUCYRUS-GALION, OH CRAWFORD 2022 $420,680 $538,650 $651,050 $809,150
    CLEVELAND-ELYRIA, OH CUYAHOGA 2022 $420,680 $538,650 $651,050 $809,150
    GREENVILLE, OH DARKE 2022 $420,680 $538,650 $651,050 $809,150
    DEFIANCE, OH DEFIANCE 2022 $420,680 $538,650 $651,050 $809,150
    COLUMBUS, OH DELAWARE 2022 $439,300 $562,350 $679,800 $844,800
    SANDUSKY, OH ERIE 2022 $420,680 $538,650 $651,050 $809,150
    COLUMBUS, OH FAIRFIELD 2022 $439,300 $562,350 $679,800 $844,800
    WASHINGTON COURT HOUSE, OH FAYETTE 2022 $420,680 $538,650 $651,050 $809,150
    COLUMBUS, OH FRANKLIN 2022 $439,300 $562,350 $679,800 $844,800
    TOLEDO, OH FULTON 2022 $420,680 $538,650 $651,050 $809,150
    POINT PLEASANT, WV-OH GALLIA 2022 $420,680 $538,650 $651,050 $809,150
    CLEVELAND-ELYRIA, OH GEAUGA 2022 $420,680 $538,650 $651,050 $809,150
    DAYTON-KETTERING, OH GREENE 2022 $420,680 $538,650 $651,050 $809,150
    CAMBRIDGE, OH GUERNSEY 2022 $420,680 $538,650 $651,050 $809,150
    CINCINNATI, OH-KY-IN HAMILTON 2022 $420,680 $538,650 $651,050 $809,150
    FINDLAY, OH HANCOCK 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HARDIN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HARRISON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HENRY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HIGHLAND 2022 $420,680 $538,650 $651,050 $809,150
    COLUMBUS, OH HOCKING 2022 $439,300 $562,350 $679,800 $844,800
    NON-METRO HOLMES 2022 $420,680 $538,650 $651,050 $809,150
    NORWALK, OH HURON 2022 $420,680 $538,650 $651,050 $809,150
    JACKSON, OH JACKSON 2022 $420,680 $538,650 $651,050 $809,150
    WEIRTON-STEUBENVILLE, WV-OH JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
    MOUNT VERNON, OH KNOX 2022 $420,680 $538,650 $651,050 $809,150
    CLEVELAND-ELYRIA, OH LAKE 2022 $420,680 $538,650 $651,050 $809,150
    HUNTINGTON-ASHLAND, WV-KY-OH LAWRENCE 2022 $420,680 $538,650 $651,050 $809,150
    COLUMBUS, OH LICKING 2022 $439,300 $562,350 $679,800 $844,800
    BELLEFONTAINE, OH LOGAN 2022 $420,680 $538,650 $651,050 $809,150
    CLEVELAND-ELYRIA, OH LORAIN 2022 $420,680 $538,650 $651,050 $809,150
    TOLEDO, OH LUCAS 2022 $420,680 $538,650 $651,050 $809,150
    COLUMBUS, OH MADISON 2022 $439,300 $562,350 $679,800 $844,800
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA MAHONING 2022 $420,680 $538,650 $651,050 $809,150
    MARION, OH MARION 2022 $420,680 $538,650 $651,050 $809,150
    CLEVELAND-ELYRIA, OH MEDINA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MEIGS 2022 $420,680 $538,650 $651,050 $809,150
    CELINA, OH MERCER 2022 $420,680 $538,650 $651,050 $809,150
    DAYTON-KETTERING, OH MIAMI 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MONROE 2022 $420,680 $538,650 $651,050 $809,150
    DAYTON-KETTERING, OH MONTGOMERY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MORGAN 2022 $420,680 $538,650 $651,050 $809,150
    COLUMBUS, OH MORROW 2022 $439,300 $562,350 $679,800 $844,800
    ZANESVILLE, OH MUSKINGUM 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO NOBLE 2022 $420,680 $538,650 $651,050 $809,150
    TOLEDO, OH OTTAWA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PAULDING 2022 $420,680 $538,650 $651,050 $809,150
    COLUMBUS, OH PERRY 2022 $439,300 $562,350 $679,800 $844,800
    COLUMBUS, OH PICKAWAY 2022 $439,300 $562,350 $679,800 $844,800
    NON-METRO PIKE 2022 $420,680 $538,650 $651,050 $809,150
    AKRON, OH PORTAGE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PREBLE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PUTNAM 2022 $420,680 $538,650 $651,050 $809,150
    MANSFIELD, OH RICHLAND 2022 $420,680 $538,650 $651,050 $809,150
    CHILLICOTHE, OH ROSS 2022 $420,680 $538,650 $651,050 $809,150
    FREMONT, OH SANDUSKY 2022 $420,680 $538,650 $651,050 $809,150
    PORTSMOUTH, OH SCIOTO 2022 $420,680 $538,650 $651,050 $809,150
    TIFFIN, OH SENECA 2022 $420,680 $538,650 $651,050 $809,150
    SIDNEY, OH SHELBY 2022 $420,680 $538,650 $651,050 $809,150
    CANTON-MASSILLON, OH STARK 2022 $420,680 $538,650 $651,050 $809,150
    AKRON, OH SUMMIT 2022 $420,680 $538,650 $651,050 $809,150
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA TRUMBULL 2022 $420,680 $538,650 $651,050 $809,150
    NEW PHILADELPHIA-DOVER, OH TUSCARAWAS 2022 $420,680 $538,650 $651,050 $809,150
    COLUMBUS, OH UNION 2022 $439,300 $562,350 $679,800 $844,800
    VAN WERT, OH VAN WERT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO VINTON 2022 $420,680 $538,650 $651,050 $809,150
    CINCINNATI, OH-KY-IN WARREN 2022 $420,680 $538,650 $651,050 $809,150
    MARIETTA, OH WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    WOOSTER, OH WAYNE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WILLIAMS 2022 $420,680 $538,650 $651,050 $809,150
    TOLEDO, OH WOOD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WYANDOT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ADAMS 2023 $472,030 $604,400 $730,525 $907,900
    LIMA, OH ALLEN 2023 $472,030 $604,400 $730,525 $907,900
    ASHLAND, OH ASHLAND 2023 $472,030 $604,400 $730,525 $907,900
    ASHTABULA, OH ASHTABULA 2023 $472,030 $604,400 $730,525 $907,900
    ATHENS, OH ATHENS 2023 $472,030 $604,400 $730,525 $907,900
    WAPAKONETA, OH AUGLAIZE 2023 $472,030 $604,400 $730,525 $907,900
    WHEELING, WV-OH BELMONT 2023 $472,030 $604,400 $730,525 $907,900
    CINCINNATI, OH-KY-IN BROWN 2023 $472,030 $604,400 $730,525 $907,900
    CINCINNATI, OH-KY-IN BUTLER 2023 $472,030 $604,400 $730,525 $907,900
    CANTON-MASSILLON, OH CARROLL 2023 $472,030 $604,400 $730,525 $907,900
    URBANA, OH CHAMPAIGN 2023 $472,030 $604,400 $730,525 $907,900
    SPRINGFIELD, OH CLARK 2023 $472,030 $604,400 $730,525 $907,900
    CINCINNATI, OH-KY-IN CLERMONT 2023 $472,030 $604,400 $730,525 $907,900
    WILMINGTON, OH CLINTON 2023 $472,030 $604,400 $730,525 $907,900
    SALEM, OH COLUMBIANA 2023 $472,030 $604,400 $730,525 $907,900
    COSHOCTON, OH COSHOCTON 2023 $472,030 $604,400 $730,525 $907,900
    BUCYRUS-GALION, OH CRAWFORD 2023 $472,030 $604,400 $730,525 $907,900
    CLEVELAND-ELYRIA, OH CUYAHOGA 2023 $472,030 $604,400 $730,525 $907,900
    GREENVILLE, OH DARKE 2023 $472,030 $604,400 $730,525 $907,900
    DEFIANCE, OH DEFIANCE 2023 $472,030 $604,400 $730,525 $907,900
    COLUMBUS, OH DELAWARE 2023 $488,750 $625,700 $756,300 $939,900
    SANDUSKY, OH ERIE 2023 $472,030 $604,400 $730,525 $907,900
    COLUMBUS, OH FAIRFIELD 2023 $488,750 $625,700 $756,300 $939,900
    WASHINGTON COURT HOUSE, OH FAYETTE 2023 $472,030 $604,400 $730,525 $907,900
    COLUMBUS, OH FRANKLIN 2023 $488,750 $625,700 $756,300 $939,900
    TOLEDO, OH FULTON 2023 $472,030 $604,400 $730,525 $907,900
    POINT PLEASANT, WV-OH GALLIA 2023 $472,030 $604,400 $730,525 $907,900
    CLEVELAND-ELYRIA, OH GEAUGA 2023 $472,030 $604,400 $730,525 $907,900
    DAYTON-KETTERING, OH GREENE 2023 $472,030 $604,400 $730,525 $907,900
    CAMBRIDGE, OH GUERNSEY 2023 $472,030 $604,400 $730,525 $907,900
    CINCINNATI, OH-KY-IN HAMILTON 2023 $472,030 $604,400 $730,525 $907,900
    FINDLAY, OH HANCOCK 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HARDIN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HARRISON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HENRY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HIGHLAND 2023 $472,030 $604,400 $730,525 $907,900
    COLUMBUS, OH HOCKING 2023 $488,750 $625,700 $756,300 $939,900
    NON-METRO HOLMES 2023 $472,030 $604,400 $730,525 $907,900
    NORWALK, OH HURON 2023 $472,030 $604,400 $730,525 $907,900
    JACKSON, OH JACKSON 2023 $472,030 $604,400 $730,525 $907,900
    WEIRTON-STEUBENVILLE, WV-OH JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
    MOUNT VERNON, OH KNOX 2023 $472,030 $604,400 $730,525 $907,900
    CLEVELAND-ELYRIA, OH LAKE 2023 $472,030 $604,400 $730,525 $907,900
    HUNTINGTON-ASHLAND, WV-KY-OH LAWRENCE 2023 $472,030 $604,400 $730,525 $907,900
    COLUMBUS, OH LICKING 2023 $488,750 $625,700 $756,300 $939,900
    BELLEFONTAINE, OH LOGAN 2023 $472,030 $604,400 $730,525 $907,900
    CLEVELAND-ELYRIA, OH LORAIN 2023 $472,030 $604,400 $730,525 $907,900
    TOLEDO, OH LUCAS 2023 $472,030 $604,400 $730,525 $907,900
    COLUMBUS, OH MADISON 2023 $488,750 $625,700 $756,300 $939,900
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA MAHONING 2023 $472,030 $604,400 $730,525 $907,900
    MARION, OH MARION 2023 $472,030 $604,400 $730,525 $907,900
    CLEVELAND-ELYRIA, OH MEDINA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MEIGS 2023 $472,030 $604,400 $730,525 $907,900
    CELINA, OH MERCER 2023 $472,030 $604,400 $730,525 $907,900
    DAYTON-KETTERING, OH MIAMI 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MONROE 2023 $472,030 $604,400 $730,525 $907,900
    DAYTON-KETTERING, OH MONTGOMERY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MORGAN 2023 $472,030 $604,400 $730,525 $907,900
    COLUMBUS, OH MORROW 2023 $488,750 $625,700 $756,300 $939,900
    ZANESVILLE, OH MUSKINGUM 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO NOBLE 2023 $472,030 $604,400 $730,525 $907,900
    TOLEDO, OH OTTAWA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PAULDING 2023 $472,030 $604,400 $730,525 $907,900
    COLUMBUS, OH PERRY 2023 $488,750 $625,700 $756,300 $939,900
    COLUMBUS, OH PICKAWAY 2023 $488,750 $625,700 $756,300 $939,900
    NON-METRO PIKE 2023 $472,030 $604,400 $730,525 $907,900
    AKRON, OH PORTAGE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PREBLE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PUTNAM 2023 $472,030 $604,400 $730,525 $907,900
    MANSFIELD, OH RICHLAND 2023 $472,030 $604,400 $730,525 $907,900
    CHILLICOTHE, OH ROSS 2023 $472,030 $604,400 $730,525 $907,900
    FREMONT, OH SANDUSKY 2023 $472,030 $604,400 $730,525 $907,900
    PORTSMOUTH, OH SCIOTO 2023 $472,030 $604,400 $730,525 $907,900
    TIFFIN, OH SENECA 2023 $472,030 $604,400 $730,525 $907,900
    SIDNEY, OH SHELBY 2023 $472,030 $604,400 $730,525 $907,900
    CANTON-MASSILLON, OH STARK 2023 $472,030 $604,400 $730,525 $907,900
    AKRON, OH SUMMIT 2023 $472,030 $604,400 $730,525 $907,900
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA TRUMBULL 2023 $472,030 $604,400 $730,525 $907,900
    NEW PHILADELPHIA-DOVER, OH TUSCARAWAS 2023 $472,030 $604,400 $730,525 $907,900
    COLUMBUS, OH UNION 2023 $488,750 $625,700 $756,300 $939,900
    VAN WERT, OH VAN WERT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO VINTON 2023 $472,030 $604,400 $730,525 $907,900
    CINCINNATI, OH-KY-IN WARREN 2023 $472,030 $604,400 $730,525 $907,900
    MARIETTA, OH WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
    WOOSTER, OH WAYNE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WILLIAMS 2023 $472,030 $604,400 $730,525 $907,900
    TOLEDO, OH WOOD 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WYANDOT 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).