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 6.74% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Ohio's average FHA mortgage closing costs are $7,201.

    The average rate for the prior week (2025-03-28) was 6.44% and one month ago for the week of 2025-02-28, the average rate was 6.83%.

    The average rate one year ago was 6.84%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.49%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 3,482 6.40% $10,031
    CROSSCOUNTRY MORTGAGE, LLC 2,744 6.73% $10,340
    UNITED WHOLESALE MORTGAGE, LLC 1,450 6.22% $11,624
    The Huntington National Bank 851 6.83% $8,021
    LOANDEPOT.COM, LLC 786 6.58% $9,023
    FREEDOM MORTGAGE CORPORATION 721 6.48% $11,037
    NVR Mortgage Finance, Inc. 630 6.25% $11,001
    UNION HOME MORTGAGE CORP. 574 6.80% $10,537
    PENNYMAC LOAN SERVICES, LLC 553 6.09% $9,101
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 546 6.87% $8,504
    RUOFF MORTGAGE COMPANY, INC. 520 6.66% $7,230
    NEWREZ LLC 464 6.57% $9,116
    DHI MORTGAGE COMPANY, LTD. 450 4.81% $10,219
    HOMESIDE FINANCIAL, LLC 390 6.66% $11,551
    NFM, INC. 389 6.84% $13,168
    POLARIS HOME FUNDING CORP. 382 6.59% $10,584
    BROKER SOLUTIONS, INC. 378 6.89% $10,454
    Ixonia Bank 338 6.85% $9,218
    Union Savings Bank 312 6.32% $7,369
    GUARANTEED RATE, INC. 295 6.48% $9,707
    Fifth Third Bank 289 6.59% $6,698
    DAS Acquisition Company, LLC 279 6.87% $10,691
    Carrington Mortgage Services, LLC 267 6.53% $10,739
    LIBERTY HOME MORTGAGE CORPORATION 240 6.83% $8,997
    FIRST COMMUNITY MORTGAGE, INC. 225 6.66% $10,412
    Mr. Cooper ( Nationstar Mortgage ) 211 6.61% $11,473
    MUTUAL OF OMAHA MORTGAGE, INC. 207 6.62% $12,434
    Paramount Residential Mortgage Group, Inc. 205 6.66% $10,842
    PRIMELENDING, A PLAINSCAPITAL COMPANY 201 6.84% $9,195
    HOWARD HANNA FINANCIAL SERVICES, INC. 192 6.56% $8,885
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 190 6.55% $11,593
    RAPID MORTGAGE COMPANY 187 6.93% $10,843
    Nations Lending Corporation 183 6.69% $8,725
    S1L, Inc. 176 6.64% $10,127
    VICTORY MORTGAGE, L.L.C. 174 5.62% $9,577
    Equity Prime Mortgage LLC 170 6.83% $10,470
    Flagstar Bank, FSB 164 6.53% $8,502
    U.S. Bank 150 6.70% $7,240
    MOVEMENT MORTGAGE, LLC 137 6.63% $9,444
    M/I FINANCIAL, LLC 134 5.69% $17,066
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 134 7.08% $8,235
    LOANPAL, LLC 133 5.72% $10,694
    AMERISAVE MORTGAGE CORPORATION 131 6.17% $11,946
    EQUITY RESOURCES, INC. 123 6.77% $7,753
    ENDEAVOR CAPITAL, LLC. 121 6.32% $8,802
    LAKEVIEW LOAN SERVICING, LLC 117 6.48% $8,699
    AMERICAN FINANCIAL NETWORK, INC. 111 6.76% $11,918
    Citizens Bank 109 6.42% $7,618
    VILLAGE CAPITAL MORTGAGE 109 6.51% $5,963
    T2 FINANCIAL LLC 108 6.79% $10,998
    RELIANCE FIRST CAPITAL, LLC 106 6.74% $9,434
    PLANET HOME LENDING, LLC 103 6.26% $7,561
    NORTHERN MORTGAGE SERVICES, LLC 101 6.64% $5,944
    GENEVA FINANCIAL, LLC 99 6.99% $10,766
    MYCUMORTGAGE, LLC 97 6.77% $7,439
    AMERICAN PACIFIC MORTGAGE CORPORATION 96 6.83% $11,478
    MID AMERICA MORTGAGE, INC. 95 6.77% $5,748
    JPMorgan Chase Bank 95 6.55% $5,808
    WRIGHT-PATT CREDIT UNION, INC. 92 6.44% $6,581
    KeyBank 91 6.21% $7,625
    AmeriHome Mortgage Company, LLC 91 6.61% $6,285
    AMERICAN FINANCING CORPORATION 90 5.90% $10,653
    Mortgage Research Center, LLC 89 6.71% $6,476
    STOCKTON MORTGAGE CORPORATION 83 6.71% $10,164
    CARDINAL FINANCIAL 79 6.45% $11,906
    PNC Bank 77 6.68% $7,380
    NATIONS RELIABLE LENDING, LLC 76 6.69% $10,631
    GSF Mortgage Corporation 75 6.81% $11,692
    AMERICAN FINANCIAL RESOURCES, INC. 75 6.91% $10,319
    PULTE MORTGAGE LLC 71 5.42% $8,576
    UNION CAPITAL MORTGAGE CORPORATION 71 6.52% $10,617
    ZILLOW HOME LOANS, LLC 71 6.55% $9,184
    Prosperity Home Mortgage, LLC 71 6.24% $10,997
    BAYSHORE MORTGAGE FUNDING, LLC 70 6.75% $11,280
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 68 6.53% $7,851
    WesBanco 67 6.20% $7,565
    SUN WEST MORTGAGE COMPANY, INC. 66 6.13% $13,412
    First Financial Bank 59 6.46% $9,231
    PLAZA HOME MORTGAGE, INC. 59 7.04% $8,774
    GVC MORTGAGE, INC. 58 6.84% $8,689
    GUARANTEED RATE AFFINITY, LLC 55 6.56% $10,735
    VANDERBILT MORTGAGE AND FINANCE, INC. 55 5.91% $13,373
    J. VIRGIL, INC. 54 6.93% $8,984
    GUILD MORTGAGE COMPANY 52 6.58% $9,901
    ROYAL UNITED MORTGAGE LLC 51 6.59% $10,196
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 50 5.38% $11,045
    VAN DYK MORTGAGE CORPORATION 47 6.87% $7,665
    HOMEBRIDGE FINANCIAL SERVICES, INC. 46 6.56% $6,350
    THE EQUITABLE MORTGAGE CORPORATION 46 6.35% $9,427
    MICHIGAN MUTUAL, INC. 45 6.70% $8,650
    First Federal Bank of the Midwest 44 6.37% $7,351
    The Federal Savings Bank 44 6.71% $10,442
    EMM LOANS LLC 42 6.16% $12,403
    TJC Mortgage, Inc. 41 6.65% $10,358
    YOUR HOME FINANCIAL LLC 40 6.97% $8,956
    Plains Commerce Bank 40 6.76% $9,971
    American Mortgage & Equity Consultants, Inc. 40 6.69% $12,165
    CMG MORTGAGE, INC. 39 6.70% $11,209
    ALLIED MORTGAGE GROUP, INC. 38 6.07% $10,387
    NATIONS DIRECT MORTGAGE, LLC 37 6.77% $10,443
    Republic State Mortgage Co. 35 7.11% $5,156
    CHURCHILL MORTGAGE CORPORATION 35 6.86% $9,625
    MILEND, INC. 34 6.59% $14,095
    Guardian Savings Bank, A Federal Savings Bank 33 6.42% $6,999
    WEST PENN FINANCIAL SERVICE CENTER, INC. 33 6.53% $6,828
    Alcova Mortgage LLC 29 6.73% $8,051
    The State Bank and Trust Company 29 6.65% $8,220
    RiverHills Bank 28 6.63% $8,736
    TOWNE MORTGAGE COMPANY 28 6.65% $11,863
    Peoples Bank 27 6.36% $7,469
    First Federal Savings and Loan Association of Lakewood 27 6.36% $7,800
    LEADERONE FINANCIAL CORPORATION 27 6.63% $10,336
    ABSOLUTE HOME MORTGAGE CORPORATION 27 6.90% $10,306
    Civista Bank 26 6.11% $7,501
    PRIMARY RESIDENTIAL MORTGAGE, INC. 25 6.95% $8,446
    EVERETT FINANCIAL, INC. 25 6.97% $15,563
    First Commonwealth Bank 25 6.31% $7,351
    Gateway First Bank 25 6.79% $9,177
    Lakeview Community Capital, LLC 23 6.36% $7,293
    The Union Bank Company 23 6.39% $9,113
    Dollar Bank, Federal Savings Bank 22 6.73% $6,433
    DEVELOPER'S MORTGAGE COMPANY 22 6.59% $8,388
    East Coast Capital Corp. 22 6.56% $11,048
    TOP FLITE FINANCIAL, INC. 22 6.86% $11,096
    The Loan Store, Inc. 22 6.33% $10,107
    Bank of England 22 6.64% $9,679
    OCEANSIDE MORTGAGE COMPANY 21 6.24% $3,466
    MORTGAGE SOLUTIONS OF COLORADO, LLC 21 7.14% $12,942
    LCNB National Bank 20 6.29% $8,563
    AmRes Corporation 20 6.79% $12,467
    The Farmers National Bank of Canfield 20 6.31% $8,383
    UNITED MORTGAGE CORP 20 6.64% $12,091
    Barrington Bank & Trust Company, N.A. 20 6.51% $7,900
    Texana Bank 19 6.63% $9,695
    VERITAS FUNDING, LLC 19 6.35% $16,560
    NATIONWIDE MORTGAGE BANKERS, INC. 19 6.82% $12,070
    SUCCESS MORTGAGE PARTNERS, INC. 19 6.73% $11,282
    BETTER MORTGAGE CORPORATION 19 6.29% $8,548
    DIRECT MORTGAGE LOANS, LLC 18 6.61% $10,609
    1st National Bank 17 6.79% $7,749
    CALCON MUTUAL MORTGAGE LLC 17 6.73% $9,642
    LAND HOME FINANCIAL SERVICES, INC. 17 6.64% $9,990
    M&T Bank 17 6.27% $8,340
    PHH Mortgage Corporation 17 6.76% $10,067
    Waterstone Mortgage Corporation 15 7.04% $9,480
    FIRST COLONY MORTGAGE CORPORATION 15 6.14% $8,943
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 14 7.09% $10,788
    Hometown Equity Mortgage, LLC 14 6.26% $10,217
    Servion, Inc. 14 6.98% $7,995
    HALLMARK HOME MORTGAGE, LLC 13 6.96% $10,072
    NBKC BANK 13 6.04% $7,940
    TruHome Solutions, LLC 13 5.96% $10,318
    Century Mortgage Company DBA Century Lending Company 13 6.43% $10,146
    SECURITYNATIONAL MORTGAGE COMPANY 13 6.88% $9,901
    SOUTHWEST FUNDING, LP 12 7.47% $10,714
    SIBCY CLINE MORTGAGE SERVICES, INC. 12 6.43% $7,887
    Wells Fargo Bank 12 6.35% $7,736
    CANOPY MORTGAGE, LLC 11 6.42% $16,428
    PREMIER LENDING, INC. 11 7.13% $10,374
    DIGNIFIED HOME LOANS, LLC 11 6.19% $10,339
    Cf Bank 10 6.21% $6,538
    US MORTGAGE CORPORATION 10 7.11% $9,657
    Warsaw Federal Savings and Loan Association 10 6.15% $7,143
    PENTAGON FEDERAL CREDIT UNION 9 6.00% $10,623
    NEW DAY FINANCIAL, LLC 9 7.43% $5,610
    HOMESPIRE MORTGAGE CORPORATION 9 6.86% $9,845
    Northpointe Bank 9 6.36% $10,818
    FIRST ALLIANCE HOME MORTGAGE, LLC 9 5.60% $18,146
    MEMBER FIRST MORTGAGE, LLC 8 6.67% $6,924
    First National Bank of Pennsylvania 8 6.33% $9,380
    The Park National Bank 8 6.50% $9,103
    ENVOY MORTGAGE, LTD 8 6.20% $10,130
    The Citizens National Bank of Bluffton 8 6.80% $7,242
    V.I.P. MORTGAGE, INC. 7 6.28% $13,089
    First Federal Bank 7 6.05% $8,423
    Bank of America 7 6.05% $6,694
    Cornerstone First Mortgage, Inc 7 6.36% $11,436
    AFFORDABLE MORTGAGE ADVISORS, LLC. 7 6.46% $6,951
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 6 5.79% $8,042
    SUPERIOR FINANCIAL SOLUTIONS, LLC 6 7.00% $5,789
    MORTGAGE CENTER L.C 6 7.08% $9,435
    SUMMIT FUNDING, INC. 6 7.23% $10,579
    INSPIRE HOME LOANS INC. 5 5.83% $11,653
    SOUTHPOINT FINANCIAL SERVICES, INC. 5 6.90% $8,305
    SIRVA MORTGAGE, INC. 5 6.80% $9,370
    MORIA DEVELOPMENT, INC. 5 6.33% $10,050
    SENTE MORTGAGE, INC. 5 6.50% $13,275
    FIRST EQUITY MORTGAGE INCORPORATED 5 6.08% $12,172
    PREMIA MORTGAGE, LLC 5 6.41% $6,542
    INTERCOASTAL MORTGAGE COMPANY 5 6.08% $10,276
    MORTGAGE 1 INCORPORATED 4 6.68% $10,175
    Magnolia Bank 4 6.38% $9,915
    JLB CORPORATION 4 5.75% $11,480
    NETWORK CAPITAL FUNDING CORPORATION 4 6.06% $13,786
    Home Mortgage Alliance Corp 4 7.09% $11,353
    First Merchants Bank 4 6.91% $7,964
    Republic Bank & Trust Company 4 5.75% $8,554
    EUSTIS AND AMERICAN MORTGAGE COMPANY 4 6.56% $8,907
    UNITED 4 6.41% $5,283
    BAY EQUITY LLC 4 6.59% $7,491
    ARC HOME LLC 4 7.09% $12,914
    Florida Capital Bank 3 6.58% $9,322
    NexBank 3 6.46% $8,127
    Northwest Bank 3 6.00% $9,045
    Truist 3 6.12% $8,159
    AXIA FINANCIAL, LLC 3 7.33% $10,139
    Residential Mortgage Solutions, Inc. 3 6.04% $8,749
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 3 5.83% $7,863
    Victorian Finance, LLC 3 6.71% $8,179
    Willamette Valley Bank 3 6.38% $12,636
    DATA MORTGAGE, INC. 3 6.00% $7,422
    PREMIER MORTGAGE RESOURCES, L.L.C. 3 6.96% $11,181
    Kwik Mortgage Corporation 2 6.69% $9,450
    EMBRACE HOME LOANS, INC. 2 5.94% $11,745
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.31% $9,489
    EVANSVILLE TEACHERS 2 6.31% $7,141
    Princeton Mortgage Corporation 2 6.81% $7,925
    Sierra Pacific Mortgage Company, Inc. 2 5.94% $10,009
    ON Q FINANCIAL, INC. 2 6.56% $8,936
    Blue Ridge Bank 2 6.49% $5,707
    The Central Trust Bank 2 6.50% $8,044
    Heartland Bank 2 6.38% $10,680
    MMS MORTGAGE SERVICES, LTD. 2 6.56% $6,365
    HOMEXPRESS MORTGAGE CORP. 2 6.50% $9,674
    JMAC LENDING, INC. 2 6.94% $10,038
    NP, Inc. 2 6.63% $10,756
    The Genoa Banking Company 2 6.94% $8,942
    Evolve Bank & Trust 2 6.19% $7,317
    Strong Home Mortgage, LLC 2 6.00% $8,909
    TOTAL MORTGAGE SERVICES, LLC 1 7.25% $11,759
    Capital Bank 1 5.75% $9,102
    Alerus Financial 1 6.13% $7,205
    United Bank 1 5.99% $6,073
    BECKAM FUNDING CORP. 1 7.50% $7,569
    BAY-VALLEY MORTGAGE GROUP 1 6.25% $15,750
    MORTGAGE ACCESS CORP. 1 6.75% $14,060
    AMERITRUST MORTGAGE CORPORATION 1 5.75% $10,879
    Ameris Bank 1 6.00% $5,449
    KINECTA 1 6.63% $7,273
    Merchants Bank of Indiana 1 6.75% $6,944
    MLD MORTGAGE INC. 1 5.25% $18,446
    American Security Mortgage Corp. 1 6.25% $11,972
    PROPER RATE, LLC 1 6.63% $11,270
    FLAT BRANCH MORTGAGE, INC. 1 7.13% $6,764
    First Bank 1 5.75% $6,645
    Premium Mortgage Corporation 1 7.75% $11,806
    ALLIANT CREDIT UNION 1 5.75% $12,494
    RESIDENTIAL BANCORP 1 5.88% $10,667
    ROSS MORTGAGE CORPORATION 1 6.50% $10,439
    SeaTrust Mortgage Company 1 7.63% $7,686
    Forcht Bank 1 6.13% $10,272
    GARDNER FINANCIAL SERVICES, LTD. 1 6.50% $9,365
    SFMC, LP 1 6.25% $5,534
    GREENSTATE CREDIT UNION 1 6.38% $11,712
    1ST SIGNATURE LENDING, LLC 1 6.13% $18,473
    HARTFORD FUNDING, LTD. 1 6.63% $15,373
    Stifel Bank and Trust 1 6.50% $9,337
    Encompass Lending Group, LP 1 6.75% $8,719
    Sunflower Bank 1 7.13% $8,754
    DIRECT MORTGAGE, CORP. 1 6.63% $8,007
    Paramount Bank 1 6.13% $6,131
    SWBC MORTGAGE CORPORATION 1 5.63% $3,603
    PANORAMA MORTGAGE GROUP, LLC 1 7.25% $9,808
    Pacor Mortgage Corp 1 6.75% $7,491
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.99% $10,023
    OPEN MORTGAGE, LLC 1 5.99% $17,125
    CONTOUR MORTGAGE CORPORATION 1 6.75% $14,106
    COMPASS MORTGAGE, INC. 1 7.88% $10,773
    THE MORTGAGE FIRM, INC. 1 7.13% $7,103
    OCMBC, INC. 1 7.75% $20,278
    COMMUNITYAMERICA 1 6.63% $11,778
    Commerce Home Mortgage, Inc. 1 6.25% $17,502
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.63% $9,737
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.00% $13,106

    The top Ohio FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 3,482 FHA loans originated. Their average total fees are $10,031, which is $309 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Ohio FHA lenders (with over 10 loans originated) are OCEANSIDE MORTGAGE COMPANY ($3,466), Republic State Mortgage Co. ($5,156), MID AMERICA MORTGAGE, INC. ($5,748), JPMorgan Chase Bank ($5,808) and NORTHERN MORTGAGE SERVICES, LLC ($5,944).

    The lowest rate Ohio FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.81%), K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. (5.38%), PULTE MORTGAGE LLC (5.42%), VICTORY MORTGAGE, L.L.C. (5.62%) and M/I FINANCIAL, LLC (5.69%).

    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).