Pennsylvania FHA Loan Rates, Closing Costs & Stats

Pennsylvania

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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.

    Pennsylvania FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Pennsylvania averaged -0.11% for the week of 2024-11-15, compared to the national average (all FHA variants) of 0% for the same period.

    Pennsylvania's average FHA mortgage closing costs are $7,891.

    The average rate for the prior week (2024-11-08) was 6.2% and one month ago for the week of 2024-10-11, the average rate was 6.2%.

    The average rate one year ago was 7.35%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.45%.

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

    Pennsylvania 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 Pennsylvania level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 3,053 6.33% $10,170
    UNITED WHOLESALE MORTGAGE, LLC 1,417 6.35% $12,204
    CROSSCOUNTRY MORTGAGE, LLC 1,215 6.78% $11,953
    MOVEMENT MORTGAGE, LLC 768 6.76% $11,189
    GUILD MORTGAGE COMPANY 436 6.63% $10,641
    LOANDEPOT.COM, LLC 428 6.39% $12,323
    PENNYMAC LOAN SERVICES, LLC 407 6.18% $12,433
    BROKER SOLUTIONS, INC. 398 6.67% $11,279
    Citizens Bank 389 6.43% $9,820
    NEWREZ LLC 364 6.50% $11,603
    FREEDOM MORTGAGE CORPORATION 333 6.92% $12,955
    ALLIED MORTGAGE GROUP, INC. 296 6.54% $11,353
    PLAZA HOME MORTGAGE, INC. 291 6.49% $11,105
    Prosperity Home Mortgage, LLC 269 6.60% $11,181
    Mr. Cooper ( Nationstar Mortgage ) 261 6.09% $14,201
    CMG MORTGAGE, INC. 259 6.80% $12,421
    Mortgage America, Inc. 252 6.54% $8,847
    CARDINAL FINANCIAL 249 6.50% $11,380
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 242 6.84% $10,729
    GUARANTEED RATE, INC. 232 6.42% $11,659
    EMM LOANS LLC 216 6.46% $12,007
    AMERISAVE MORTGAGE CORPORATION 212 6.13% $13,249
    UNION HOME MORTGAGE CORP. 209 6.73% $10,557
    Flagstar Bank, FSB 209 6.63% $9,549
    Century Mortgage Company DBA Century Lending Company 195 6.48% $9,634
    HOWARD HANNA FINANCIAL SERVICES, INC. 189 6.54% $7,873
    NVR Mortgage Finance, Inc. 189 5.84% $13,275
    PRIMELENDING, A PLAINSCAPITAL COMPANY 183 6.64% $8,942
    Carrington Mortgage Services, LLC 183 6.42% $12,332
    AMERICAN FINANCIAL NETWORK, INC. 166 6.85% $12,370
    Ixonia Bank 164 6.95% $10,203
    M&T Bank 155 6.32% $8,205
    SUCCESS MORTGAGE PARTNERS, INC. 154 6.58% $11,386
    Northpointe Bank 141 6.32% $11,133
    Equity Prime Mortgage LLC 129 6.66% $12,304
    EQUITY RESOURCES, INC. 128 6.69% $8,581
    MUTUAL OF OMAHA MORTGAGE, INC. 127 6.70% $14,428
    Victorian Finance, LLC 126 6.53% $9,953
    NFM, INC. 124 6.68% $11,867
    PNC Bank 123 6.78% $7,662
    JLB CORPORATION 119 6.56% $9,467
    York Traditions Bank 119 6.54% $9,319
    STOCKTON MORTGAGE CORPORATION 117 6.71% $9,856
    GUARANTEED RATE AFFINITY, LLC 111 6.66% $10,850
    Keystone Funding, Inc. 109 6.41% $14,304
    WEST PENN FINANCIAL SERVICE CENTER, INC. 107 6.49% $7,413
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 104 6.66% $12,886
    Univest Bank and Trust Co. 103 6.46% $9,904
    PLANET HOME LENDING, LLC 102 6.40% $11,987
    Paramount Residential Mortgage Group, Inc. 101 6.81% $12,814
    The Huntington National Bank 101 6.75% $7,670
    Meridian Bank Corporation 98 6.56% $10,044
    Fulton Bank 98 6.21% $9,758
    Mortgage Research Center, LLC 95 7.07% $6,978
    RELIANCE FIRST CAPITAL, LLC 94 6.51% $12,275
    ABSOLUTE HOME MORTGAGE CORPORATION 94 6.61% $11,699
    Plains Commerce Bank 92 6.49% $11,983
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 92 6.78% $9,281
    LAKEVIEW LOAN SERVICING, LLC 91 6.27% $11,594
    TIDEWATER MORTGAGE SERVICES, INC. 87 6.82% $10,065
    FIRST HERITAGE FINANCIAL, LLC 87 6.56% $8,070
    GREENTREE MORTGAGE COMPANY, L.P. 85 6.54% $11,211
    Acre Mortgage and Financial Inc 85 6.65% $14,014
    WELCOME HOME FINANCE, L.P. 82 6.28% $5,284
    PRIMARY RESIDENTIAL MORTGAGE, INC. 79 6.84% $12,364
    AFFORDABLE MORTGAGE ADVISORS, LLC. 72 6.72% $8,748
    NATIONWIDE MORTGAGE BANKERS, INC. 66 6.86% $13,173
    DEVELOPER'S MORTGAGE COMPANY 64 6.79% $6,332
    HOMEBRIDGE FINANCIAL SERVICES, INC. 64 6.49% $10,744
    Advisors Mortgage Group, L.L.C. 63 6.45% $11,554
    FIRST ALLIANCE HOME MORTGAGE, LLC 62 6.90% $12,977
    Summit Mortgage Corporation 59 6.60% $12,237
    First Citizens Community Bank 58 6.63% $9,500
    T2 FINANCIAL LLC 58 6.70% $11,781
    NATION ONE MORTGAGE CORPORATION 58 6.73% $14,432
    NORWICH COMMERCIAL GROUP, INC. 57 6.70% $10,660
    AmeriHome Mortgage Company, LLC 56 6.37% $11,705
    Huntingdon Valley Bank 56 6.30% $9,200
    JPMorgan Chase Bank 55 6.56% $6,613
    Wilmington Savings Fund Society, FSB 54 6.44% $9,495
    TOP FLITE FINANCIAL, INC. 54 7.01% $15,257
    DHI MORTGAGE COMPANY, LTD. 54 5.65% $12,544
    First Commonwealth Bank 54 6.46% $7,423
    ZILLOW HOME LOANS, LLC 53 6.45% $10,756
    Quaint Oak Mortgage, LLC 52 6.46% $11,852
    SUN WEST MORTGAGE COMPANY, INC. 51 6.39% $12,828
    Union Savings Bank 49 6.74% $6,815
    CONTOUR MORTGAGE CORPORATION 49 6.79% $13,115
    LOANPAL, LLC 48 5.84% $12,041
    Customers Bank 47 6.30% $7,456
    SWBC MORTGAGE CORPORATION 46 6.83% $6,020
    EMBRACE HOME LOANS, INC. 46 6.56% $11,504
    Alcova Mortgage LLC 45 6.85% $6,940
    GSF Mortgage Corporation 45 6.61% $12,443
    Princeton Mortgage Corporation 44 6.60% $11,365
    Integrity Home Mortgage Corp 43 6.38% $14,085
    MEMBERS 1ST FEDERAL CREDIT UNION 42 6.43% $8,385
    Nations Lending Corporation 41 6.55% $10,397
    TOWNE MORTGAGE COMPANY 41 6.44% $11,038
    VILLAGE CAPITAL MORTGAGE 41 6.20% $11,108
    Wells Fargo Bank 41 6.64% $8,388
    MICHIGAN MUTUAL, INC. 41 6.01% $12,906
    LENDING CAPITAL GROUP Inc 40 6.66% $14,339
    PANORAMA MORTGAGE GROUP, LLC 38 6.32% $13,220
    HOMESIDE FINANCIAL, LLC 38 6.76% $11,382
    Firstrust Savings Bank 38 6.73% $8,743
    Flanagan State Bank 37 6.52% $10,722
    MILEND, INC. 36 6.36% $14,632
    ENVOY MORTGAGE, LTD 35 6.68% $14,379
    NATIONS DIRECT MORTGAGE, LLC 35 6.74% $13,603
    RADIUS FINANCIAL GROUP INC. 34 7.05% $12,247
    Homesale Mortgage, LLC 34 6.89% $9,507
    DRAPER AND KRAMER MORTGAGE CORP. 33 6.68% $10,809
    Center City Mortgage and Investments LLC 33 6.18% $12,446
    ROYAL UNITED MORTGAGE LLC 32 6.92% $11,043
    Barrington Bank & Trust Company, N.A. 31 6.50% $9,503
    Philadelphia Mortgage Advisors, Inc. 30 6.60% $10,511
    FIRST HOME MORTGAGE CORPORATION 30 6.90% $14,279
    Bank of England 30 6.45% $10,097
    FEDERATED MORTGAGE CORP. 29 6.77% $8,008
    EVERETT FINANCIAL, INC. 28 6.80% $13,282
    First National Bank of Pennsylvania 28 6.42% $7,920
    MORTGAGE ACCESS CORP. 28 6.63% $14,268
    Mid Penn Bank 26 6.58% $10,791
    NJ LENDERS CORP. 26 6.40% $16,270
    Truist 25 6.44% $8,489
    GENEVA FINANCIAL, LLC 25 7.17% $11,943
    MORTGAGE SOLUTIONS OF COLORADO, LLC 25 6.84% $13,929
    AMERICAN FINANCING CORPORATION 25 6.30% $11,246
    Dollar Bank, Federal Savings Bank 25 6.64% $6,985
    HOMESPIRE MORTGAGE CORPORATION 25 6.74% $10,634
    RESIDENTIAL BANCORP 25 6.67% $10,683
    AMERICAN PACIFIC MORTGAGE CORPORATION 24 7.04% $10,504
    SOUTHPOINT FINANCIAL SERVICES, INC. 23 6.47% $6,795
    EAGLE HOME MORTGAGE, LLC 23 6.15% $16,069
    AMERICAN FINANCIAL RESOURCES, INC. 22 6.80% $11,296
    The Federal Savings Bank 22 6.31% $16,690
    PENTAGON FEDERAL CREDIT UNION 22 5.70% $9,419
    BAY EQUITY LLC 21 6.80% $9,308
    U.S. Bank 21 6.40% $8,333
    Bank of America 20 6.17% $7,873
    Sierra Pacific Mortgage Company, Inc. 20 6.58% $9,983
    Lakeview Community Capital, LLC 20 6.14% $10,439
    KeyBank 19 6.41% $7,219
    LIBERTY HOME MORTGAGE CORPORATION 19 6.98% $11,471
    PATRIOT 19 5.74% $9,330
    TD Bank 18 6.49% $8,333
    Sail Mortgage Corp. 18 6.43% $7,409
    AMERICAN HERITAGE FCU 18 6.38% $8,725
    RESIDENTIAL HOME MORTGAGE CORPORATION 17 6.63% $13,410
    Waterstone Mortgage Corporation 17 6.47% $10,481
    NBKC BANK 17 6.04% $11,424
    PHH Mortgage Corporation 17 6.34% $11,543
    WesBanco 17 6.54% $6,168
    CHURCHILL MORTGAGE CORPORATION 16 6.66% $11,657
    MLB RESIDENTIAL LENDING, LLC 16 6.77% $14,835
    AmRes Corporation 16 6.70% $12,362
    CALIBER HOME LOANS, INC. 15 6.34% $12,416
    Towne Bank 14 6.38% $11,002
    AMCAP MORTGAGE, LTD. 14 6.20% $11,144
    PIKE CREEK MORTGAGE SERVICES, INC. 14 6.66% $15,172
    RUOFF MORTGAGE COMPANY, INC. 14 6.17% $7,099
    PARAGON HOME LOANS INC. 14 7.00% $8,568
    MEMBER FIRST MORTGAGE, LLC 14 7.04% $8,440
    Farmers and Merchants Trust Company of Chambersburg 13 6.68% $7,156
    FIRST COMMUNITY MORTGAGE, INC. 12 7.24% $9,399
    Gateway First Bank 12 7.00% $9,418
    US MORTGAGE CORPORATION 12 6.15% $19,029
    JMAC LENDING, INC. 12 6.82% $11,171
    Northwest Bank 11 6.25% $7,200
    NETWORK CAPITAL FUNDING CORPORATION 11 6.51% $9,557
    OCMBC, INC. 11 7.20% $13,340
    CHERRY CREEK MORTGAGE, LLC 11 6.66% $3,412
    Northeast Equitable Mortgage, LLC 11 6.68% $11,393
    Residential Mortgage Solutions, Inc. 10 6.78% $11,295
    BAYSHORE MORTGAGE FUNDING, LLC 10 7.01% $13,075
    HOMESTEAD FUNDING CORP. 10 6.45% $7,889
    Blue Ridge Bank 10 6.29% $6,636
    TOTAL MORTGAGE SERVICES, LLC 10 6.59% $11,181
    EVANSVILLE TEACHERS 10 6.35% $6,094
    AmeriServ Financial Bank 10 5.85% $10,425
    POLARIS HOME FUNDING CORP. 9 6.65% $14,848
    DAS Acquisition Company, LLC 9 6.89% $10,571
    Magnolia Bank 9 6.66% $12,537
    BECKAM FUNDING CORP. 9 7.14% $17,970
    FIDELITY DIRECT MORTGAGE, LLC 9 6.65% $13,081
    East Coast Capital Corp. 8 6.75% $12,225
    DIRECT MORTGAGE LOANS, LLC 8 6.92% $13,481
    RAPID MORTGAGE COMPANY 8 6.64% $17,077
    MDE Home Loans, LLC 8 6.86% $20,172
    THRIVE MORTGAGE, LLC 8 6.88% $8,623
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 8 6.77% $11,599
    Neighborhood Loans, Inc. 7 7.41% $12,789
    ARC HOME LLC 7 6.91% $12,358
    Fifth Third Bank 7 6.36% $8,191
    Foote Capital Mortgage Company 7 6.36% $11,641
    George Mason Mortgage, LLC 7 6.46% $12,812
    LOANLEADERS OF AMERICA, INC. 7 6.00% $19,103
    MID AMERICA MORTGAGE, INC. 7 7.30% $13,041
    MYCUMORTGAGE, LLC 7 6.52% $6,334
    Orrstown Bank 7 6.61% $8,644
    PINNACLE MORTGAGE, INC. 7 6.11% $11,268
    Presidential Bank, FSB 7 6.55% $13,399
    RESIDENTIAL HOME FUNDING CORP. 7 6.96% $12,417
    SUMMIT FUNDING, INC. 7 6.52% $17,983
    The Ephrata National Bank 7 6.59% $6,780
    THE MORTGAGE LINK, INC. 6 6.56% $10,911
    NATIONS RELIABLE LENDING, LLC 6 6.88% $9,092
    HOMEAMERICAN MORTGAGE CORPORATION 6 5.85% $9,033
    ACADEMY MORTGAGE CORPORATION 6 6.75% $12,335
    FIRST MORTGAGE COMPANY, INC. 6 6.44% $11,725
    BETTER MORTGAGE CORPORATION 6 6.46% $11,191
    Hometown Equity Mortgage, LLC 6 6.81% $12,643
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 6 6.73% $9,090
    CLIFFCO, INC. 6 6.50% $13,669
    NEW DAY FINANCIAL, LLC 5 7.79% $8,715
    Semper Home Loans, Inc. 5 6.88% $18,004
    GUARANTY HOME MORTGAGE CORPORATION 5 6.33% $10,488
    First Heritage Mortgage, LLC 5 6.25% $13,885
    HARTFORD FUNDING, LTD. 5 6.98% $13,701
    Florida Capital Bank 5 7.18% $14,047
    American Mortgage & Equity Consultants, Inc. 5 7.28% $13,018
    Cornerstone First Mortgage, Inc 5 7.13% $11,043
    BAY CAPITAL MORTGAGE CORPORATION 5 6.27% $13,533
    1ST 2ND MORTGAGE COMPANY OF N.J., INC. 4 6.94% $9,871
    First Option Mortgage, LLC 4 6.91% $11,200
    MLD MORTGAGE INC. 4 6.25% $10,980
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 4 6.44% $23,891
    Loan Simple, Inc. 4 6.75% $11,999
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 4 6.72% $15,990
    TJC Mortgage, Inc. 4 6.44% $11,566
    Colonial Savings, F.A. 4 6.63% $13,845
    1ST FINANCIAL, INC. 4 6.31% $13,628
    PREMIA MORTGAGE, LLC 4 6.45% $6,090
    Franklin Loan Corporation 4 5.84% $17,823
    FIRST COLONY MORTGAGE CORPORATION 4 7.16% $8,413
    Willamette Valley Bank 3 6.08% $17,334
    FEDERATED LENDING CORPORATION 3 5.92% $14,796
    Atlantic Coast Mortgage, LLC 3 5.95% $15,819
    OCEANSIDE MORTGAGE COMPANY 3 6.42% $6,673
    NBT Bank 3 6.54% $7,883
    First Federal Bank 3 6.25% $15,106
    FM Home Loans, LLC 3 6.67% $12,938
    MID-ISLAND MORTGAGE CORP. 3 6.04% $8,496
    Network Funding, L.P. 3 6.71% $13,279
    Shore United Bank 3 6.13% $11,460
    CBM Mortgage, Inc. 3 6.21% $8,511
    EQUITY NOW INC. 3 6.50% $8,662
    BOND STREET MORTGAGE, LLC 3 6.16% $15,133
    NEW FED MORTGAGE, CORP. 3 6.33% $14,349
    A&D Mortgage LLC 3 5.83% $18,004
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 3 6.38% $5,207
    Bethpage Federal Credit Union 2 6.88% $3,049
    NexBank 2 7.19% $9,619
    MORTGAGE EQUITY PARTNERS LLC 2 7.13% $9,093
    MILLENNIUM FINANCIAL GROUP, INC. 2 6.50% $6,947
    Mid-Continent Funding, Inc. 2 7.00% $14,498
    ONY GLO, INC. 2 7.63% $12,648
    JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 2 6.94% $17,284
    Republic Bank 2 6.19% $7,610
    First Savings Bank 2 6.25% $17,754
    First Federal Bank of the Midwest 2 5.25% $8,311
    Servion, Inc. 2 7.06% $9,700
    SOUTHERN TRUST MORTGAGE, LLC 2 6.88% $7,796
    SOVEREIGN LENDING GROUP INCORPORATED 2 5.88% $11,597
    Evolve Bank & Trust 2 7.13% $12,405
    Commerce Home Mortgage, Inc. 2 7.06% $14,627
    The Farmers National Bank of Canfield 2 6.31% $7,212
    The Loan Store, Inc. 2 7.06% $12,582
    The Union Bank Company 2 6.13% $14,719
    Citibank 2 6.00% $5,996
    Capital Bank 2 7.00% $7,226
    BOKF 2 7.13% $10,888
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 5.88% $9,396
    VAN DYK MORTGAGE CORPORATION 2 6.81% $12,422
    AXIA FINANCIAL, LLC 2 7.31% $10,702
    HARBORONE MORTGAGE, LLC 1 7.25% $14,764
    CORNERSTONE HOME LENDING, INC. 1 6.75% $7,976
    HomePromise Corporation 1 7.38% $7,822
    COMMUNITYAMERICA 1 6.38% $14,647
    NEXERA HOLDING LLC 1 5.88% $6,225
    The Central Trust Bank 1 6.50% $10,551
    HOMEXPRESS MORTGAGE CORP. 1 6.88% $11,640
    Atlantic Union Bank 1 6.13% $18,551
    INTERCOASTAL MORTGAGE COMPANY 1 7.25% $6,832
    The Honesdale National Bank 1 6.50% $7,208
    INTERSTATE HOME LOAN CENTER, INC. 1 6.25% $9,468
    MCLEAN MORTGAGE CORPORATION 1 6.13% $15,052
    Peoples Bank 1 7.25% $7,046
    OAKTREE FUNDING CORP. 1 5.88% $17,485
    CityWorth Mortgage LLC 1 6.13% $21,717
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.63% $14,479
    LADERA LENDING, INC. 1 5.63% $18,930
    NP, Inc. 1 7.13% $20,021
    CITADEL FEDERAL CREDIT UNION 1 7.63% $6,055
    Leader Bank 1 7.63% $14,588
    CASTLE & COOKE MORTGAGE, LLC 1 5.50% $16,494
    Town Square Mortgage & Investments, Inc. 1 6.63% $3,282
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.38% $19,664
    CALCON MUTUAL MORTGAGE LLC 1 6.25% $15,665
    Byline Bank 1 5.88% $9,385
    United Bank 1 6.75% $6,482
    United Fidelity Funding Corp. 1 7.25% $18,837
    LEADERONE FINANCIAL CORPORATION 1 6.25% $6,508
    LEGEND LENDING CORPORATION 1 6.75% $15,657
    NBH Bank 1 6.12% $2,628
    Paramount Bank 1 5.75% $10,944
    LENDING 3, INC. 1 8.25% $16,477
    Sandy Spring Bank 1 6.49% $10,231
    Wyndham Capital Mortgage, Inc. 1 5.63% $20,173
    MILLENIUM HOME MORTGAGE, LLC 1 5.88% $8,454
    FLAT BRANCH MORTGAGE, INC. 1 6.75% $5,761
    Quontic Bank 1 7.25% $12,222
    Simmons Bank 1 5.88% $16,017
    North American Savings Bank, F.S.B. 1 6.63% $5,907
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.63% $8,659
    BAY-VALLEY MORTGAGE GROUP 1 6.75% $8,018
    Goldwater Bank, N.A. 1 5.75% $20,903
    ON Q FINANCIAL, INC. 1 7.00% $11,995
    Strong Home Mortgage, LLC 1 5.75% $12,291
    GREENWAY MORTGAGE FUNDING CORP. 1 6.88% $20,063
    1ST SIGNATURE LENDING, LLC 1 6.25% $9,927

    The top Pennsylvania FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 3,053 FHA loans originated. Their average total fees are $10,170, which is $2,034 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Pennsylvania FHA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($3,412), WELCOME HOME FINANCE, L.P. ($5,284), SWBC MORTGAGE CORPORATION ($6,020), EVANSVILLE TEACHERS ($6,094) and WesBanco ($6,168).

    The lowest rate Pennsylvania FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.65%), PENTAGON FEDERAL CREDIT UNION (5.70%), PATRIOT (5.74%), NVR Mortgage Finance, Inc. (5.84%) and LOANPAL, LLC (5.84%).

    Pennsylvania FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    GETTYSBURG, PA ADAMS 2022 $420,680 $538,650 $651,050 $809,150
    PITTSBURGH, PA ALLEGHENY 2022 $420,680 $538,650 $651,050 $809,150
    PITTSBURGH, PA ARMSTRONG 2022 $420,680 $538,650 $651,050 $809,150
    PITTSBURGH, PA BEAVER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BEDFORD 2022 $420,680 $538,650 $651,050 $809,150
    READING, PA BERKS 2022 $420,680 $538,650 $651,050 $809,150
    ALTOONA, PA BLAIR 2022 $420,680 $538,650 $651,050 $809,150
    SAYRE, PA BRADFORD 2022 $420,680 $538,650 $651,050 $809,150
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD BUCKS 2022 $477,250 $610,950 $738,500 $917,800
    PITTSBURGH, PA BUTLER 2022 $420,680 $538,650 $651,050 $809,150
    JOHNSTOWN, PA CAMBRIA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CAMERON 2022 $420,680 $538,650 $651,050 $809,150
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ CARBON 2022 $420,680 $538,650 $651,050 $809,150
    STATE COLLEGE, PA CENTRE 2022 $420,680 $538,650 $651,050 $809,150
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD CHESTER 2022 $477,250 $610,950 $738,500 $917,800
    NON-METRO CLARION 2022 $420,680 $538,650 $651,050 $809,150
    DUBOIS, PA CLEARFIELD 2022 $420,680 $538,650 $651,050 $809,150
    LOCK HAVEN, PA CLINTON 2022 $420,680 $538,650 $651,050 $809,150
    BLOOMSBURG-BERWICK, PA COLUMBIA 2022 $420,680 $538,650 $651,050 $809,150
    MEADVILLE, PA CRAWFORD 2022 $420,680 $538,650 $651,050 $809,150
    HARRISBURG-CARLISLE, PA CUMBERLAND 2022 $420,680 $538,650 $651,050 $809,150
    HARRISBURG-CARLISLE, PA DAUPHIN 2022 $420,680 $538,650 $651,050 $809,150
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD DELAWARE 2022 $477,250 $610,950 $738,500 $917,800
    ST. MARYS, PA ELK 2022 $420,680 $538,650 $651,050 $809,150
    ERIE, PA ERIE 2022 $420,680 $538,650 $651,050 $809,150
    PITTSBURGH, PA FAYETTE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO FOREST 2022 $420,680 $538,650 $651,050 $809,150
    CHAMBERSBURG-WAYNESBORO, PA FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO FULTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GREENE 2022 $420,680 $538,650 $651,050 $809,150
    HUNTINGDON, PA HUNTINGDON 2022 $420,680 $538,650 $651,050 $809,150
    INDIANA, PA INDIANA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO JUNIATA 2022 $420,680 $538,650 $651,050 $809,150
    SCRANTON--WILKES-BARRE, PA LACKAWANNA 2022 $420,680 $538,650 $651,050 $809,150
    LANCASTER, PA LANCASTER 2022 $420,680 $538,650 $651,050 $809,150
    NEW CASTLE, PA LAWRENCE 2022 $420,680 $538,650 $651,050 $809,150
    LEBANON, PA LEBANON 2022 $420,680 $538,650 $651,050 $809,150
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ LEHIGH 2022 $420,680 $538,650 $651,050 $809,150
    SCRANTON--WILKES-BARRE, PA LUZERNE 2022 $420,680 $538,650 $651,050 $809,150
    WILLIAMSPORT, PA LYCOMING 2022 $420,680 $538,650 $651,050 $809,150
    BRADFORD, PA MCKEAN 2022 $420,680 $538,650 $651,050 $809,150
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA MERCER 2022 $420,680 $538,650 $651,050 $809,150
    LEWISTOWN, PA MIFFLIN 2022 $420,680 $538,650 $651,050 $809,150
    EAST STROUDSBURG, PA MONROE 2022 $420,680 $538,650 $651,050 $809,150
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD MONTGOMERY 2022 $477,250 $610,950 $738,500 $917,800
    BLOOMSBURG-BERWICK, PA MONTOUR 2022 $420,680 $538,650 $651,050 $809,150
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ NORTHAMPTON 2022 $420,680 $538,650 $651,050 $809,150
    SUNBURY, PA NORTHUMBERLAND 2022 $420,680 $538,650 $651,050 $809,150
    HARRISBURG-CARLISLE, PA PERRY 2022 $420,680 $538,650 $651,050 $809,150
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD PHILADELPHIA 2022 $477,250 $610,950 $738,500 $917,800
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA PIKE 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NON-METRO POTTER 2022 $420,680 $538,650 $651,050 $809,150
    POTTSVILLE, PA SCHUYLKILL 2022 $420,680 $538,650 $651,050 $809,150
    SELINSGROVE, PA SNYDER 2022 $420,680 $538,650 $651,050 $809,150
    SOMERSET, PA SOMERSET 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SULLIVAN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SUSQUEHANNA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO TIOGA 2022 $420,680 $538,650 $651,050 $809,150
    LEWISBURG, PA UNION 2022 $420,680 $538,650 $651,050 $809,150
    OIL CITY, PA VENANGO 2022 $420,680 $538,650 $651,050 $809,150
    WARREN, PA WARREN 2022 $420,680 $538,650 $651,050 $809,150
    PITTSBURGH, PA WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WAYNE 2022 $420,680 $538,650 $651,050 $809,150
    PITTSBURGH, PA WESTMORELAND 2022 $420,680 $538,650 $651,050 $809,150
    SCRANTON--WILKES-BARRE, PA WYOMING 2022 $420,680 $538,650 $651,050 $809,150
    YORK-HANOVER, PA YORK 2022 $420,680 $538,650 $651,050 $809,150
    GETTYSBURG, PA ADAMS 2023 $472,030 $604,400 $730,525 $907,900
    PITTSBURGH, PA ALLEGHENY 2023 $472,030 $604,400 $730,525 $907,900
    PITTSBURGH, PA ARMSTRONG 2023 $472,030 $604,400 $730,525 $907,900
    PITTSBURGH, PA BEAVER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BEDFORD 2023 $472,030 $604,400 $730,525 $907,900
    READING, PA BERKS 2023 $472,030 $604,400 $730,525 $907,900
    ALTOONA, PA BLAIR 2023 $472,030 $604,400 $730,525 $907,900
    SAYRE, PA BRADFORD 2023 $472,030 $604,400 $730,525 $907,900
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD BUCKS 2023 $529,000 $677,200 $818,600 $1,017,300
    PITTSBURGH, PA BUTLER 2023 $472,030 $604,400 $730,525 $907,900
    JOHNSTOWN, PA CAMBRIA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CAMERON 2023 $472,030 $604,400 $730,525 $907,900
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ CARBON 2023 $472,030 $604,400 $730,525 $907,900
    STATE COLLEGE, PA CENTRE 2023 $472,030 $604,400 $730,525 $907,900
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD CHESTER 2023 $529,000 $677,200 $818,600 $1,017,300
    NON-METRO CLARION 2023 $472,030 $604,400 $730,525 $907,900
    DUBOIS, PA CLEARFIELD 2023 $472,030 $604,400 $730,525 $907,900
    LOCK HAVEN, PA CLINTON 2023 $472,030 $604,400 $730,525 $907,900
    BLOOMSBURG-BERWICK, PA COLUMBIA 2023 $472,030 $604,400 $730,525 $907,900
    MEADVILLE, PA CRAWFORD 2023 $472,030 $604,400 $730,525 $907,900
    HARRISBURG-CARLISLE, PA CUMBERLAND 2023 $472,030 $604,400 $730,525 $907,900
    HARRISBURG-CARLISLE, PA DAUPHIN 2023 $472,030 $604,400 $730,525 $907,900
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD DELAWARE 2023 $529,000 $677,200 $818,600 $1,017,300
    ST. MARYS, PA ELK 2023 $472,030 $604,400 $730,525 $907,900
    ERIE, PA ERIE 2023 $472,030 $604,400 $730,525 $907,900
    PITTSBURGH, PA FAYETTE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO FOREST 2023 $472,030 $604,400 $730,525 $907,900
    CHAMBERSBURG-WAYNESBORO, PA FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO FULTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GREENE 2023 $472,030 $604,400 $730,525 $907,900
    HUNTINGDON, PA HUNTINGDON 2023 $472,030 $604,400 $730,525 $907,900
    INDIANA, PA INDIANA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO JUNIATA 2023 $472,030 $604,400 $730,525 $907,900
    SCRANTON--WILKES-BARRE, PA LACKAWANNA 2023 $472,030 $604,400 $730,525 $907,900
    LANCASTER, PA LANCASTER 2023 $472,030 $604,400 $730,525 $907,900
    NEW CASTLE, PA LAWRENCE 2023 $472,030 $604,400 $730,525 $907,900
    LEBANON, PA LEBANON 2023 $472,030 $604,400 $730,525 $907,900
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ LEHIGH 2023 $472,030 $604,400 $730,525 $907,900
    SCRANTON--WILKES-BARRE, PA LUZERNE 2023 $472,030 $604,400 $730,525 $907,900
    WILLIAMSPORT, PA LYCOMING 2023 $472,030 $604,400 $730,525 $907,900
    BRADFORD, PA MCKEAN 2023 $472,030 $604,400 $730,525 $907,900
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA MERCER 2023 $472,030 $604,400 $730,525 $907,900
    LEWISTOWN, PA MIFFLIN 2023 $472,030 $604,400 $730,525 $907,900
    EAST STROUDSBURG, PA MONROE 2023 $472,030 $604,400 $730,525 $907,900
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD MONTGOMERY 2023 $529,000 $677,200 $818,600 $1,017,300
    BLOOMSBURG-BERWICK, PA MONTOUR 2023 $472,030 $604,400 $730,525 $907,900
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ NORTHAMPTON 2023 $472,030 $604,400 $730,525 $907,900
    SUNBURY, PA NORTHUMBERLAND 2023 $472,030 $604,400 $730,525 $907,900
    HARRISBURG-CARLISLE, PA PERRY 2023 $472,030 $604,400 $730,525 $907,900
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD PHILADELPHIA 2023 $529,000 $677,200 $818,600 $1,017,300
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA PIKE 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NON-METRO POTTER 2023 $472,030 $604,400 $730,525 $907,900
    POTTSVILLE, PA SCHUYLKILL 2023 $472,030 $604,400 $730,525 $907,900
    SELINSGROVE, PA SNYDER 2023 $472,030 $604,400 $730,525 $907,900
    SOMERSET, PA SOMERSET 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SULLIVAN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SUSQUEHANNA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO TIOGA 2023 $472,030 $604,400 $730,525 $907,900
    LEWISBURG, PA UNION 2023 $472,030 $604,400 $730,525 $907,900
    OIL CITY, PA VENANGO 2023 $472,030 $604,400 $730,525 $907,900
    WARREN, PA WARREN 2023 $472,030 $604,400 $730,525 $907,900
    PITTSBURGH, PA WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WAYNE 2023 $472,030 $604,400 $730,525 $907,900
    PITTSBURGH, PA WESTMORELAND 2023 $472,030 $604,400 $730,525 $907,900
    SCRANTON--WILKES-BARRE, PA WYOMING 2023 $472,030 $604,400 $730,525 $907,900
    YORK-HANOVER, PA YORK 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).