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 7.01% for the week of 2024-04-12, compared to the national average (all FHA variants) of 6.739% for the same period.

    Ohio's average FHA mortgage closing costs are $6,862.

    The average rate for the prior week (2024-04-05) was 6.94% and one month ago for the week of 2024-03-08, the average rate was 6.48%.

    The average rate one year ago was 6.51%.

    For refis of the same type during the week of 2024-04-12, the average rate was 7.57%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 3,561 6.35% $9,288
    CROSSCOUNTRY MORTGAGE, LLC 2,530 6.96% $9,672
    UNITED WHOLESALE MORTGAGE, LLC 1,200 6.45% $10,912
    The Huntington National Bank 1,029 6.83% $7,551
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 792 7.05% $7,893
    LOANDEPOT.COM, LLC 726 6.67% $9,175
    UNION HOME MORTGAGE CORP. 713 6.95% $9,316
    RUOFF MORTGAGE COMPANY, INC. 621 6.92% $6,391
    NVR Mortgage Finance, Inc. 566 5.84% $11,078
    NFM, INC. 516 7.26% $11,896
    NEWREZ LLC 473 6.66% $8,885
    FREEDOM MORTGAGE CORPORATION 400 6.92% $11,325
    Fifth Third Bank 363 6.56% $5,550
    Mr. Cooper ( Nationstar Mortgage ) 328 6.15% $11,911
    BROKER SOLUTIONS, INC. 327 6.79% $10,075
    Ixonia Bank 321 7.05% $8,923
    POLARIS HOME FUNDING CORP. 315 6.83% $9,534
    DHI MORTGAGE COMPANY, LTD. 307 5.24% $9,947
    DAS Acquisition Company, LLC 288 7.23% $9,732
    PENNYMAC LOAN SERVICES, LLC 282 6.29% $10,022
    GUARANTEED RATE, INC. 277 6.58% $9,801
    LIBERTY HOME MORTGAGE CORPORATION 273 7.06% $8,009
    AMERISAVE MORTGAGE CORPORATION 253 6.03% $11,414
    RAPID MORTGAGE COMPANY 244 7.02% $10,732
    MUTUAL OF OMAHA MORTGAGE, INC. 242 6.82% $11,664
    Nations Lending Corporation 234 6.85% $8,988
    Carrington Mortgage Services, LLC 234 6.49% $10,626
    Union Savings Bank 233 6.75% $7,432
    Paramount Residential Mortgage Group, Inc. 222 6.88% $10,087
    MOVEMENT MORTGAGE, LLC 208 6.66% $9,648
    PRIMELENDING, A PLAINSCAPITAL COMPANY 207 7.00% $9,387
    THRIVE MORTGAGE, LLC 183 6.77% $9,841
    HOWARD HANNA FINANCIAL SERVICES, INC. 175 6.77% $8,325
    Citizens Bank 172 6.41% $7,190
    U.S. Bank 168 6.91% $6,785
    T2 FINANCIAL LLC 162 6.95% $12,162
    AMERICAN PACIFIC MORTGAGE CORPORATION 151 6.87% $10,327
    EQUITY RESOURCES, INC. 150 6.89% $7,586
    JPMorgan Chase Bank 148 6.68% $5,445
    Flagstar Bank, FSB 141 6.87% $8,826
    DRAPER AND KRAMER MORTGAGE CORP. 136 6.92% $9,784
    FIRST COMMUNITY MORTGAGE, INC. 135 6.94% $10,046
    CARDINAL FINANCIAL 130 6.38% $10,428
    RELIANCE FIRST CAPITAL, LLC 118 6.67% $9,261
    KeyBank 118 6.40% $7,260
    HOMESIDE FINANCIAL, LLC 116 6.96% $11,365
    MYCUMORTGAGE, LLC 115 6.88% $6,953
    WRIGHT-PATT CREDIT UNION, INC. 113 6.74% $6,349
    LAKEVIEW LOAN SERVICING, LLC 113 6.35% $9,985
    American Midwest Mortgage Corporation 109 7.02% $8,557
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 106 7.07% $10,100
    Western Ohio Mortgage Corporation 103 7.01% $9,484
    ENDEAVOR CAPITAL, LLC. 99 6.72% $10,290
    GENEVA FINANCIAL, LLC 96 7.12% $12,081
    Mortgage Research Center, LLC 96 6.98% $5,922
    Equity Prime Mortgage LLC 95 6.78% $10,151
    AMERICAN FINANCIAL NETWORK, INC. 92 7.07% $10,425
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 90 7.06% $10,127
    VICTORY MORTGAGE, L.L.C. 88 5.72% $9,757
    PNC Bank 87 6.71% $6,562
    MID AMERICA MORTGAGE, INC. 85 6.90% $5,959
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 78 6.80% $7,092
    M/I FINANCIAL, LLC 77 6.18% $16,670
    TOP FLITE FINANCIAL, INC. 75 6.93% $12,959
    VAN DYK MORTGAGE CORPORATION 73 7.07% $7,558
    GUILD MORTGAGE COMPANY 72 6.85% $10,354
    Bank of England 72 6.76% $11,296
    PLANET HOME LENDING, LLC 71 6.12% $8,530
    WesBanco 66 6.31% $7,579
    NATIONS RELIABLE LENDING, LLC 64 7.06% $10,525
    Plains Commerce Bank 62 6.68% $9,889
    LOANPAL, LLC 61 6.18% $10,565
    VILLAGE CAPITAL MORTGAGE 60 6.31% $8,644
    EVERETT FINANCIAL, INC. 54 6.82% $13,688
    PLAZA HOME MORTGAGE, INC. 53 6.61% $7,851
    J. VIRGIL, INC. 51 6.88% $9,702
    ZILLOW HOME LOANS, LLC 51 6.79% $9,335
    SUMMIT FUNDING, INC. 51 7.10% $13,321
    Prosperity Home Mortgage, LLC 50 6.46% $10,571
    UNION CAPITAL MORTGAGE CORPORATION 50 6.97% $9,989
    CALIBER HOME LOANS, INC. 49 6.53% $9,274
    First Federal Bank of the Midwest 49 6.36% $7,322
    NATIONWIDE MORTGAGE BANKERS, INC. 49 7.03% $11,235
    GUARANTEED RATE AFFINITY, LLC 49 6.63% $9,811
    AMERICAN FINANCING CORPORATION 49 6.40% $9,364
    GVC MORTGAGE, INC. 47 7.20% $8,104
    AMERICAN FINANCIAL RESOURCES, INC. 47 7.05% $9,744
    PULTE MORTGAGE LLC 47 5.80% $9,081
    First Financial Bank 46 6.70% $8,150
    NORTHERN MORTGAGE SERVICES, LLC 45 6.65% $6,002
    ROYAL UNITED MORTGAGE LLC 44 6.99% $9,284
    Gateway First Bank 44 6.74% $7,526
    Republic State Mortgage Co. 43 7.19% $5,460
    STOCKTON MORTGAGE CORPORATION 43 6.88% $10,978
    THE EQUITABLE MORTGAGE CORPORATION 43 6.60% $9,450
    SUN WEST MORTGAGE COMPANY, INC. 42 6.47% $9,765
    WEST PENN FINANCIAL SERVICE CENTER, INC. 42 6.72% $7,274
    BAYSHORE MORTGAGE FUNDING, LLC 41 7.12% $10,499
    The Federal Savings Bank 40 6.57% $13,461
    YOUR HOME FINANCIAL LLC 39 7.19% $9,182
    Servion, Inc. 39 6.66% $6,622
    PRIMARY RESIDENTIAL MORTGAGE, INC. 38 6.57% $9,850
    GSF Mortgage Corporation 35 6.51% $10,113
    First Commonwealth Bank 34 6.50% $7,233
    NATIONS DIRECT MORTGAGE, LLC 33 6.85% $10,408
    AmeriHome Mortgage Company, LLC 32 6.37% $10,218
    TOWNE MORTGAGE COMPANY 32 6.74% $11,426
    The Union Bank Company 31 6.51% $9,642
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 31 6.35% $11,044
    VANDERBILT MORTGAGE AND FINANCE, INC. 29 6.69% $12,575
    MORTGAGE SOLUTIONS OF COLORADO, LLC 28 7.13% $11,720
    Dollar Bank, Federal Savings Bank 28 6.52% $6,114
    1st National Bank 28 6.77% $7,910
    LEADERONE FINANCIAL CORPORATION 28 6.78% $9,071
    M&T Bank 27 6.52% $8,437
    Neighborhood Loans, Inc. 27 6.96% $10,894
    Hometown Equity Mortgage, LLC 26 6.38% $9,890
    AMCAP MORTGAGE, LTD. 26 6.96% $9,848
    SUCCESS MORTGAGE PARTNERS, INC. 26 6.93% $10,962
    RiverHills Bank 25 6.99% $7,951
    CHURCHILL MORTGAGE CORPORATION 25 6.65% $9,062
    HOMEBRIDGE FINANCIAL SERVICES, INC. 25 6.52% $9,181
    Lakeview Community Capital, LLC 24 6.28% $10,348
    PHH Mortgage Corporation 24 6.25% $10,892
    Barrington Bank & Trust Company, N.A. 24 6.80% $8,538
    MICHIGAN MUTUAL, INC. 23 6.87% $10,599
    NORWICH COMMERCIAL GROUP, INC. 23 6.82% $8,594
    Civista Bank 23 6.49% $7,060
    The State Bank and Trust Company 22 6.83% $8,019
    SUPERIOR FINANCIAL SOLUTIONS, LLC 22 6.70% $6,562
    AmRes Corporation 21 7.04% $11,185
    Guardian Savings Bank, A Federal Savings Bank 21 6.77% $7,177
    EUSTIS AND AMERICAN MORTGAGE COMPANY 21 6.77% $7,849
    DEVELOPER'S MORTGAGE COMPANY 21 6.73% $7,980
    First Federal Savings and Loan Association of Lakewood 20 6.70% $8,296
    Mercantile Bank of Michigan 20 6.48% $8,364
    EMM LOANS LLC 20 6.39% $12,028
    ARC HOME LLC 20 6.76% $9,256
    Cincinnati Federal 19 6.32% $8,433
    Waterstone Mortgage Corporation 18 7.06% $7,322
    Northpointe Bank 18 6.35% $10,439
    KELLER MORTGAGE, LLC 17 5.82% $7,697
    V.I.P. MORTGAGE, INC. 17 6.47% $11,341
    PREMIER LENDING, INC. 16 7.26% $11,577
    Wells Fargo Bank 16 6.67% $7,232
    SIBCY CLINE MORTGAGE SERVICES, INC. 16 6.46% $8,266
    Century Mortgage Company DBA Century Lending Company 16 6.51% $13,165
    NBKC BANK 15 6.40% $8,813
    East Coast Capital Corp. 15 6.42% $11,977
    ALLIED MORTGAGE GROUP, INC. 15 6.31% $11,485
    First National Bank of Pennsylvania 14 6.38% $8,357
    PENTAGON FEDERAL CREDIT UNION 13 5.96% $8,128
    ABSOLUTE HOME MORTGAGE CORPORATION 13 6.47% $10,397
    American Mortgage & Equity Consultants, Inc. 13 7.15% $11,098
    SECURITYNATIONAL MORTGAGE COMPANY 12 7.02% $10,314
    The Farmers National Bank of Canfield 12 6.50% $7,462
    ON Q FINANCIAL, INC. 12 7.33% $7,840
    SIWELL, INC. 12 6.91% $7,276
    Peoples Bank 12 6.93% $7,486
    CMG MORTGAGE, INC. 12 6.98% $9,592
    FIRST ALLIANCE HOME MORTGAGE, LLC 11 6.57% $14,216
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 11 7.39% $9,504
    MORIA DEVELOPMENT, INC. 11 7.20% $8,870
    Evolve Bank & Trust 11 7.02% $9,714
    OPTION FINANCIAL, LLC 11 6.53% $8,355
    MILEND, INC. 10 6.90% $12,750
    US MORTGAGE CORPORATION 10 7.03% $8,748
    MORTGAGE 1 INCORPORATED 10 7.11% $9,124
    LAND HOME FINANCIAL SERVICES, INC. 10 7.04% $7,964
    Warsaw Federal Savings and Loan Association 10 6.51% $8,587
    NEW DAY FINANCIAL, LLC 10 7.47% $6,886
    S1L, Inc. 10 6.68% $9,828
    GUARANTY HOME MORTGAGE CORPORATION 10 6.55% $7,237
    VERITAS FUNDING, LLC 9 6.43% $17,016
    First Merchants Bank 9 6.92% $8,500
    Bank of America 9 6.92% $7,191
    Magnolia Bank 9 6.29% $11,553
    INTERNATIONAL CITY MORTGAGE, INC. 8 6.45% $10,179
    FIRST CENTENNIAL MORTGAGE CORPORATION 8 7.19% $8,968
    First Savings Bank 8 6.34% $12,060
    Northwest Bank 8 6.03% $8,757
    The Loan Store, Inc. 7 7.23% $13,340
    NETWORK CAPITAL FUNDING CORPORATION 7 6.11% $9,677
    TruHome Solutions, LLC 7 6.46% $8,148
    The Citizens National Bank of Bluffton 7 6.91% $6,579
    CRESCENT MORTGAGE COMPANY 7 6.91% $6,847
    Cornerstone First Mortgage, Inc 7 7.43% $10,860
    1ST SIGNATURE LENDING, LLC 7 6.73% $11,444
    HALLMARK HOME MORTGAGE, LLC 6 7.40% $8,699
    ENVOY MORTGAGE, LTD 6 7.19% $9,204
    First Federal Bank 6 6.23% $10,209
    Heartland Bank 6 6.23% $9,478
    HOMESPIRE MORTGAGE CORPORATION 6 7.10% $9,330
    MEMBER FIRST MORTGAGE, LLC 6 6.79% $6,730
    CONTOUR MORTGAGE CORPORATION 6 6.44% $9,602
    OCMBC, INC. 6 7.60% $11,905
    RESIDENTIAL BANCORP 6 6.79% $10,255
    Residential Mortgage Solutions, Inc. 6 6.62% $12,074
    The Park National Bank 6 6.71% $7,111
    AFFORDABLE MORTGAGE ADVISORS, LLC. 6 7.06% $7,738
    FIRST EQUITY MORTGAGE INCORPORATED 6 6.58% $14,078
    MLB RESIDENTIAL LENDING, LLC 5 6.70% $9,496
    PACIFIC RESIDENTIAL MORTGAGE, LLC 5 7.20% $12,374
    SOUTHPOINT FINANCIAL SERVICES, INC. 5 6.48% $10,920
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 5 6.53% $7,009
    JLB CORPORATION 5 6.30% $9,664
    EMBRACE HOME LOANS, INC. 5 6.43% $10,375
    MIDLAND MORTGAGE CORPORATION 4 6.38% $12,018
    NTFN, INC. 4 6.81% $12,384
    Republic Bank & Trust Company 4 6.78% $8,154
    TJC Mortgage, Inc. 4 7.00% $12,652
    BAY EQUITY LLC 4 6.66% $10,075
    FLAT BRANCH MORTGAGE, INC. 4 6.84% $9,719
    HOMEOWNERS FINANCIAL GROUP USA, LLC 4 6.16% $11,460
    The Genoa Banking Company 4 6.59% $7,549
    BETTER MORTGAGE CORPORATION 4 6.41% $6,688
    INSPIRE HOME LOANS INC. 3 5.58% $7,978
    SeaTrust Mortgage Company 3 7.25% $9,042
    Wyndham Capital Mortgage, Inc. 3 6.38% $10,445
    INTERCOASTAL MORTGAGE COMPANY 3 7.17% $11,499
    SWBC MORTGAGE CORPORATION 3 6.54% $8,983
    Princeton Mortgage Corporation 3 6.88% $9,113
    Merchants Bank of Indiana 3 6.50% $10,657
    Ameris Bank 3 6.50% $8,244
    Sierra Pacific Mortgage Company, Inc. 3 5.88% $13,803
    United Bank 3 6.79% $7,421
    Regions Bank 3 6.75% $7,516
    SOUTHWEST STAGE FUNDING, LLC 3 6.63% $6,218
    Victorian Finance, LLC 3 7.00% $6,718
    DELMAR FINANCIAL COMPANY 3 5.63% $9,912
    Strong Home Mortgage, LLC 3 6.71% $9,274
    CANOPY MORTGAGE, LLC 2 6.13% $9,298
    OCEANSIDE MORTGAGE COMPANY 2 6.81% $3,719
    Willamette Valley Bank 2 6.25% $8,452
    First-Citizens Bank & Trust Company 2 7.25% $9,180
    BM Real Estate Services, Inc. 2 5.31% $19,424
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.63% $16,624
    Florida Capital Bank 2 6.88% $7,220
    Independent Bank 2 6.56% $9,418
    COMPASS MORTGAGE, INC. 2 6.94% $12,981
    CHERRY CREEK MORTGAGE, LLC 2 6.31% $3,462
    ACADEMY MORTGAGE CORPORATION 2 6.69% $10,223
    LCNB National Bank 2 6.88% $7,506
    PREMIA MORTGAGE, LLC 2 6.69% $14,599
    UNITED 2 6.75% $4,173
    Kwik Mortgage Corporation 2 7.50% $7,946
    BNC National Bank 2 5.69% $9,047
    MORTGAGE CENTER L.C 2 6.81% $11,402
    Goldwater Bank, N.A. 2 6.69% $12,411
    Commerce Home Mortgage, Inc. 2 7.13% $15,766
    Watermark Capital, Inc. 1 8.50% $6,816
    FirstBank 1 7.50% $10,467
    Academy Bank 1 6.13% $6,733
    First Internet Bank of Indiana 1 6.50% $4,293
    Chickasaw Community Bank 1 6.88% $6,416
    North American Savings Bank, F.S.B. 1 6.25% $7,434
    CIBM Bank 1 6.12% $6,663
    Cf Bank 1 7.13% $4,831
    NexBank 1 5.50% $12,382
    NBH Bank 1 6.13% $7,430
    Citibank 1 5.75% $5,049
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $9,409
    CASTLE & COOKE MORTGAGE, LLC 1 6.63% $10,738
    Platinum Home Mortgage Corporation 1 6.25% $21,480
    PLUS RELOCATION MORTGAGE, LLC 1 7.75% $9,010
    CALCON MUTUAL MORTGAGE LLC 1 7.25% $16,637
    Premium Mortgage Corporation 1 7.00% $6,650
    Blue Ridge Bank 1 6.49% $4,639
    BECKAM FUNDING CORP. 1 6.88% $15,783
    MORTGAGE ACCESS CORP. 1 7.13% $8,940
    Wilmington Savings Fund Society, FSB 1 7.50% $9,171
    First Financial Bank 1 7.13% $5,573
    ROSS MORTGAGE CORPORATION 1 6.88% $11,611
    Midwest BankCentre 1 6.63% $10,359
    Meridian Bank Corporation 1 7.00% $5,594
    SENTE MORTGAGE, INC. 1 7.00% $6,266
    Shore United Bank 1 6.88% $8,817
    Mazuma Credit Union 1 6.88% $9,857
    Simmons Bank 1 5.75% $6,544
    SIRVA MORTGAGE, INC. 1 6.63% $6,237
    Loan Simple, Inc. 1 5.75% $8,893
    Stifel Bank and Trust 1 6.38% $6,546
    Stock Yards Bank & Trust Company 1 7.38% $5,500
    AXIA FINANCIAL, LLC 1 7.75% $19,674
    DIRECT MORTGAGE, CORP. 1 6.63% $13,492
    LAKE MICHIGAN CREDIT UNION 1 6.50% $7,426
    Associated Bank 1 6.00% $5,589
    The Central Trust Bank 1 5.13% $19,706
    DIRECT MORTGAGE LOANS, LLC 1 6.49% $16,062
    JMAC LENDING, INC. 1 5.75% $12,813
    Arvest Bank 1 6.88% $10,927
    Elements Financial Federal Credit Union 1 6.25% $10,117
    TOTAL MORTGAGE SERVICES, LLC 1 5.75% $9,560
    Towne Bank 1 5.25% $15,536
    HOMEXPRESS MORTGAGE CORP. 1 7.00% $18,906
    Truist 1 6.10% $7,671
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.38% $11,260
    Encompass Lending Group, LP 1 6.88% $7,156
    American Mortgage Bank, LLC 1 6.25% $11,372
    EVANSVILLE TEACHERS 1 8.13% $7,502
    George Mason Mortgage, LLC 1 5.49% $13,102
    FAIR WAY LENDING LLC 1 6.50% $6,799
    First Bank 1 6.13% $10,991
    Advisors Mortgage Group, L.L.C. 1 6.49% $6,136
    Fortress Bank 1 7.25% $7,280

    The top Ohio FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 3,561 FHA loans originated. Their average total fees are $9,288, which is $384 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Ohio FHA lenders (with over 10 loans originated) are JPMorgan Chase Bank ($5,445), Republic State Mortgage Co. ($5,460), Fifth Third Bank ($5,550), Mortgage Research Center, LLC ($5,922) and MID AMERICA MORTGAGE, INC. ($5,959).

    The lowest rate Ohio FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.24%), VICTORY MORTGAGE, L.L.C. (5.72%), PULTE MORTGAGE LLC (5.80%), KELLER MORTGAGE, LLC (5.82%) and NVR Mortgage Finance, Inc. (5.84%).

    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).