Ohio FHA Loan Rates, Closing Costs & Stats

Ohio

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 6.82% for the week of 2024-05-24, compared to the national average (all FHA variants) of 6.746% for the same period.

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

The average rate for the prior week (2024-05-17) was 6.72% and one month ago for the week of 2024-04-19, the average rate was 7.14%.

The average rate one year ago was 6.46%.

For refis of the same type during the week of 2024-05-24, the average rate was 7.48%.

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).