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 -0.1% for the week of 2023-11-24, compared to the national average (all FHA variants) of 0% for the same period.

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

The average rate for the prior week (2023-11-17) was 6.69% and one month ago for the week of 2023-10-20, the average rate was 7.1%.

The average rate one year ago was 6.42%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.13%.

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 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).