Wisconsin FHA Loan Rates, Closing Costs & Stats

Wisconsin

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.

Wisconsin FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Wisconsin averaged 6.02% for the week of 2024-03-15, compared to the national average (all FHA variants) of 6.596% for the same period.

Wisconsin's average FHA mortgage closing costs are $6,206.

The average rate for the prior week (2024-03-08) was 6.13% and one month ago for the week of 2024-02-09, the average rate was 6.15%.

The average rate one year ago was 6.12%.

For refis of the same type during the week of 2024-03-15, the average rate was 5.26%.

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

Wisconsin 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 Wisconsin level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 931 4.56% $8,369
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 556 5.20% $7,668
FINANCE OF AMERICA MORTGAGE LLC 372 4.94% $8,025
UNITED WHOLESALE MORTGAGE, LLC 319 5.02% $8,019
CROSSCOUNTRY MORTGAGE, LLC 277 5.52% $9,009
LOANDEPOT.COM, LLC 233 5.07% $8,942
INLANTA MORTGAGE, INC. 211 5.21% $7,768
FREEDOM MORTGAGE CORPORATION 188 5.01% $7,857
CARDINAL FINANCIAL 174 4.89% $9,774
Mr. Cooper ( Nationstar Mortgage ) 155 4.53% $9,457
BROKER SOLUTIONS, INC. 151 5.28% $9,246
PENNYMAC LOAN SERVICES, LLC 149 4.19% $8,190
Paramount Residential Mortgage Group, Inc. 144 5.20% $8,058
Waterstone Mortgage Corporation 142 5.32% $8,682
CHERRY CREEK MORTGAGE, LLC 142 5.24% $3,193
AMERISAVE MORTGAGE CORPORATION 138 4.51% $9,641
Carrington Mortgage Services, LLC 125 4.83% $9,250
LAKEVIEW LOAN SERVICING, LLC 120 4.07% $6,402
Associated Bank 117 4.87% $5,814
NEWREZ LLC 111 4.70% $7,390
CMG MORTGAGE, INC. 106 5.43% $9,036
FIRST CENTENNIAL MORTGAGE CORPORATION 104 4.92% $6,969
CALIBER HOME LOANS, INC. 104 4.93% $7,127
Flagstar Bank, FSB 102 4.79% $6,842
ENVOY MORTGAGE, LTD 102 5.18% $8,012
GUARANTEED RATE, INC. 101 5.18% $8,389
Nations Lending Corporation 99 5.79% $9,099
Prosperity Home Mortgage, LLC 99 5.34% $8,357
LAND HOME FINANCIAL SERVICES, INC. 89 5.47% $8,037
Bank Five Nine 89 5.13% $7,465
Barrington Bank & Trust Company, N.A. 85 5.20% $8,450
THOMPSON KANE & COMPANY, LLC 84 5.45% $8,658
TOWNE MORTGAGE COMPANY 82 4.96% $8,199
WISCONSIN MORTGAGE CORPORATION 81 4.74% $5,822
GUILD MORTGAGE COMPANY 81 5.19% $10,684
GSF Mortgage Corporation 78 5.11% $7,737
AMERICAN PACIFIC MORTGAGE CORPORATION 70 5.42% $9,239
Bank of England 67 5.45% $8,005
JPMorgan Chase Bank 67 5.08% $4,992
EVERETT FINANCIAL, INC. 66 5.18% $5,505
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 61 5.46% $8,036
U.S. Bank 59 5.27% $6,936
HOMEBRIDGE FINANCIAL SERVICES, INC. 57 4.82% $10,281
American Mortgage & Equity Consultants, Inc. 54 5.39% $9,367
PLANET HOME LENDING, LLC 48 5.06% $8,263
Ixonia Bank 46 5.50% $8,889
PRIMARY RESIDENTIAL MORTGAGE, INC. 45 5.61% $10,698
MUTUAL OF OMAHA MORTGAGE, INC. 45 5.31% $11,273
NATIONS RELIABLE LENDING, LLC 45 5.45% $8,459
GUARANTEED RATE AFFINITY, LLC 45 5.07% $7,808
A + MORTGAGE SERVICES, INC. 44 4.75% $6,807
ARK-LA-TEX FINANCIAL SERVICES, LLC. 43 4.77% $6,466
Bell Bank 43 5.16% $7,782
Mortgage Research Center, LLC 38 5.53% $5,345
AXIA FINANCIAL, LLC 37 5.06% $8,412
PRIMELENDING, A PLAINSCAPITAL COMPANY 36 5.17% $8,095
MID AMERICA MORTGAGE, INC. 35 5.39% $5,519
DAS Acquisition Company, LLC 34 4.58% $8,263
GATEWAY MORTGAGE CORPORATION 33 4.82% $5,896
T2 FINANCIAL LLC 33 5.23% $8,606
UNION HOME MORTGAGE CORP. 33 5.61% $8,214
CORNERSTONE HOME LENDING, INC. 31 5.40% $9,144
The Equitable Bank, S.S.B. 29 4.78% $6,284
AMERICAN FINANCING CORPORATION 28 4.72% $9,139
VILLAGE CAPITAL MORTGAGE 28 3.88% $5,255
HOME POINT FINANCIAL CORPORATION 27 4.24% $6,797
The Huntington National Bank 27 4.83% $6,443
BMO Harris Bank 25 5.30% $7,088
Lend Smart Mortgage, LLC 24 5.07% $8,516
PLAZA HOME MORTGAGE, INC. 24 4.68% $8,634
Servion, Inc. 24 4.80% $7,715
TOTAL MORTGAGE SERVICES, LLC 23 4.60% $7,351
AmeriHome Mortgage Company, LLC 23 4.74% $8,285
HOMESPIRE MORTGAGE CORPORATION 23 5.08% $7,157
Plains Commerce Bank 22 5.18% $7,793
Loan Simple, Inc. 21 4.78% $8,268
BAY EQUITY LLC 21 5.98% $9,985
SUN WEST MORTGAGE COMPANY, INC. 20 5.64% $8,407
CITY FIRST MORTGAGE SERVICES, L.L.C. 20 5.62% $9,866
Equity Prime Mortgage LLC 20 5.18% $9,067
CIBM Bank 20 4.99% $6,279
ACADEMY MORTGAGE CORPORATION 18 5.35% $8,935
MICHIGAN MUTUAL, INC. 17 5.61% $7,476
Wells Fargo Bank 16 4.89% $6,308
HOMESIDE FINANCIAL, LLC 16 5.01% $8,631
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 15 5.04% $7,548
SUCCESS MORTGAGE PARTNERS, INC. 15 5.48% $10,097
LIBERTY HOME MORTGAGE CORPORATION 14 5.67% $11,045
ENDEAVOR CAPITAL, LLC. 14 5.40% $10,347
First Guaranty Mortgage Corporation 14 3.97% $5,839
MOVEMENT MORTGAGE, LLC 13 5.76% $9,014
Wolfe Financial, Inc 12 5.14% $8,525
Waukesha State Bank 12 5.06% $8,094
United Fidelity Funding Corp. 12 5.32% $8,251
Century Mortgage Company DBA Century Lending Company 12 5.47% $7,562
Tradition Mortgage, LLC 11 4.96% $8,889
Bremer Bank 11 5.16% $6,641
The Federal Savings Bank 11 4.58% $9,539
SECURITYNATIONAL MORTGAGE COMPANY 10 4.81% $6,694
FIRST STATE MORTGAGE SERVICES, LLC 10 5.24% $7,592
LEADERONE FINANCIAL CORPORATION 10 5.23% $8,182
University of Wisconsin Credit Union 9 4.78% $6,480
CIBC Bank USA 9 5.35% $7,142
M&T Bank 8 4.00% $7,631
Citizens Bank 8 3.95% $6,610
INLAND BANK & TRUST 8 5.36% $7,425
Summit Mortgage Corporation 8 4.92% $10,073
JLB CORPORATION 8 4.55% $7,729
ALAMEDA MORTGAGE CORPORATION 8 6.02% $10,345
North Shore Bank of Commerce 8 5.45% $6,885
Lakeview Community Capital, LLC 8 5.03% $8,261
Royal Credit Union 8 5.98% $9,491
ZILLOW HOME LOANS, LLC 7 5.29% $10,259
First Federal Bank 7 4.27% $5,369
EMBRACE HOME LOANS, INC. 7 5.32% $10,923
Regent Financial Group, Inc. 7 5.89% $8,045
ROYAL UNITED MORTGAGE LLC 7 4.66% $9,964
Hometown Bank 6 6.63% $4,865
AMERICAN FINANCIAL RESOURCES, INC. 6 5.04% $6,635
First-Citizens Bank & Trust Company 6 5.21% $6,349
V.I.P. MORTGAGE, INC. 6 5.38% $8,477
PNC Bank 6 5.13% $5,561
VERITAS FUNDING, LLC 6 5.19% $7,819
RESIDENTIAL BANCORP 6 5.64% $8,473
NFM, INC. 6 5.67% $9,432
KELLER MORTGAGE, LLC 6 5.58% $8,453
NATIONS DIRECT MORTGAGE, LLC 6 4.56% $9,099
LOANPAL, LLC 6 3.56% $11,130
SOVEREIGN LENDING GROUP INCORPORATED 5 4.00% $10,521
Peoples Bank 5 4.85% $8,628
Sierra Pacific Mortgage Company, Inc. 5 6.35% $11,190
Blackhawk Bank 5 4.45% $6,775
Hometown Lenders, Inc. 5 5.20% $9,840
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 4.68% $8,676
CHURCHILL MORTGAGE CORPORATION 5 4.10% $6,873
Blue Ridge Bank 4 5.09% $6,084
NATIONWIDE MORTGAGE BANKERS, INC. 4 5.69% $8,700
RESULTS MORTGAGE, LLC 4 4.25% $10,345
Old National Bank 4 4.63% $6,814
MORIA DEVELOPMENT, INC. 4 5.16% $9,822
AMERICAN PORTFOLIO MORTGAGE CORPORATION 4 4.34% $7,367
OCEANSIDE MORTGAGE COMPANY 3 4.46% $4,465
PHH Mortgage Corporation 3 4.21% $9,209
DRAPER AND KRAMER MORTGAGE CORP. 3 5.29% $7,468
UNITED MORTGAGE CORP 3 5.46% $11,167
MLD MORTGAGE INC. 3 4.71% $6,459
MORTGAGE CENTER L.C 3 4.42% $7,880
COMPASS MORTGAGE, INC. 3 4.54% $7,567
NBKC BANK 3 5.46% $7,625
NETWORK CAPITAL FUNDING CORPORATION 3 5.21% $9,139
EMM LOANS LLC 3 5.17% $13,435
Wyndham Capital Mortgage, Inc. 3 5.00% $7,238
BETTER MORTGAGE CORPORATION 3 4.54% $6,128
OCMBC, INC. 3 5.08% $12,408
HANCOCK MORTGAGE PARTNERS, LLC 2 4.00% $8,151
MEMBER FIRST MORTGAGE, LLC 2 4.75% $5,958
CRESCENT MORTGAGE COMPANY 2 4.44% $7,373
Midwest Community Bank 2 3.38% $5,658
Mortgages Unlimited Inc. 2 4.31% $9,191
Home State Bank 2 4.63% $7,047
North American Savings Bank, F.S.B. 2 5.88% $5,298
Northpointe Bank 2 4.50% $8,480
BAYSHORE MORTGAGE FUNDING, LLC 2 6.38% $14,326
SOUTHWEST STAGE FUNDING, LLC 2 5.56% $9,704
First Internet Bank of Indiana 2 5.88% $4,895
ANGEL OAK HOME LOANS LLC 2 4.31% $6,878
Amerifirst Financial, Inc. 2 6.19% $5,402
Goldwater Bank, N.A. 2 5.50% $9,907
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.69% $7,374
GERSHMAN INVESTMENT CORP. 2 4.94% $7,069
Willamette Valley Bank 2 3.81% $8,502
BELEM SERVICING LLC 1 4.25% $11,477
PROPER RATE, LLC 1 4.25% $6,662
BECKAM FUNDING CORP. 1 4.88% $5,353
Alerus Financial 1 7.13% $11,639
First Bank & Trust 1 5.25% $8,397
HOMESTAR FINANCIAL CORPORATION 1 5.63% $10,787
NEW DAY FINANCIAL, LLC 1 6.25% $10,978
FIRST COMMUNITY MORTGAGE, INC. 1 7.00% $10,356
First Savings Bank 1 4.00% $7,072
RUHL MORTGAGE, LLC 1 2.63% $2,508
RUOFF MORTGAGE COMPANY, INC. 1 4.63% $8,271
S1L, Inc. 1 3.99% $17,503
DIRECT MORTGAGE LOANS, LLC 1 5.63% $14,116
Bank of America 1 3.38% $8,143
Neighborhood Loans, Inc. 1 4.25% $10,620
SIRVA MORTGAGE, INC. 1 5.50% $9,990
First Merchants Bank 1 5.25% $7,573
Chickasaw Community Bank 1 6.25% $8,383
Starion Bank 1 4.25% $5,690
Strong Home Mortgage, LLC 1 2.50% $8,475
First Home Bank 1 4.00% $7,079
First Option Mortgage, LLC 1 5.13% $10,325
Sunflower Bank 1 4.13% $6,408
Axos Bank 1 4.63% $9,157
Arvest Bank 1 3.88% $9,977
ARC HOME LLC 1 2.63% $5,541
GREENSTATE CREDIT UNION 1 6.25% $7,353
Westbury Bank 1 4.75% $3,913
Key Mortgage Services, Inc. 1 5.25% $5,954
TJC Mortgage, Inc. 1 4.25% $6,127
MYCUMORTGAGE, LLC 1 3.88% $9,618
Mutual Federal Bank 1 5.25% $11,041
FLAT BRANCH MORTGAGE, INC. 1 5.25% $10,345
Flanagan State Bank 1 4.13% $6,316
FAY SERVICING, LLC 1 4.88% $9,475
DELMAR FINANCIAL COMPANY 1 5.50% $8,217
Mid-Continent Funding, Inc. 1 7.25% $8,308
AMERICAN ADVISORS GROUP 1 2.88% $6,507
UNIVERSAL LENDING CORPORATION 1 4.50% $9,229
GENEVA FINANCIAL, LLC 1 6.75% $12,993
AMCAP MORTGAGE, LTD. 1 6.00% $9,465
MEGASTAR FINANCIAL CORP. 1 5.00% $13,423
ALTRA 1 4.63% $7,793
DATA MORTGAGE, INC. 1 4.50% $15,346
PENTAGON FEDERAL CREDIT UNION 1 5.00% $8,305
Cambria Financial Group, LLC 1 2.88% $10,815
CASTLE & COOKE MORTGAGE, LLC 1 7.25% $8,284
Paramount Bank 1 5.25% $7,338
Platinum Home Mortgage Corporation 1 5.25% $16,556
PANORAMA MORTGAGE GROUP, LLC 1 5.63% $12,892
Pacor Mortgage Corp 1 4.88% $16,812
PREMIA MORTGAGE, LLC 1 6.25% $10,571
NORWICH COMMERCIAL GROUP, INC. 1 6.13% $9,139

The top Wisconsin FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 931 FHA loans originated. Their average total fees are $8,369, which is $702 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Wisconsin FHA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($3,193), JPMorgan Chase Bank ($4,992), VILLAGE CAPITAL MORTGAGE ($5,255), Mortgage Research Center, LLC ($5,345) and EVERETT FINANCIAL, INC. ($5,505).

The lowest rate Wisconsin FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (3.88%), First Guaranty Mortgage Corporation (3.97%), LAKEVIEW LOAN SERVICING, LLC (4.07%), PENNYMAC LOAN SERVICES, LLC (4.19%) and HOME POINT FINANCIAL CORPORATION (4.24%).

Wisconsin 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
NON-METRO ASHLAND 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO BARRON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO BAYFIELD 2022 $420,680 $538,650 $651,050 $809,150
GREEN BAY, WI BROWN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO BUFFALO 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO BURNETT 2022 $420,680 $538,650 $651,050 $809,150
APPLETON, WI CALUMET 2022 $420,680 $538,650 $651,050 $809,150
EAU CLAIRE, WI CHIPPEWA 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CLARK 2022 $420,680 $538,650 $651,050 $809,150
MADISON, WI COLUMBIA 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CRAWFORD 2022 $420,680 $538,650 $651,050 $809,150
MADISON, WI DANE 2022 $420,680 $538,650 $651,050 $809,150
BEAVER DAM, WI DODGE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO DOOR 2022 $420,680 $538,650 $651,050 $809,150
DULUTH, MN-WI DOUGLAS 2022 $420,680 $538,650 $651,050 $809,150
MENOMONIE, WI DUNN 2022 $420,680 $538,650 $651,050 $809,150
EAU CLAIRE, WI EAU CLAIRE 2022 $420,680 $538,650 $651,050 $809,150
IRON MOUNTAIN, MI-WI FLORENCE 2022 $420,680 $538,650 $651,050 $809,150
FOND DU LAC, WI FOND DU LAC 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO FOREST 2022 $420,680 $538,650 $651,050 $809,150
PLATTEVILLE, WI GRANT 2022 $420,680 $538,650 $651,050 $809,150
MADISON, WI GREEN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO GREEN LAKE 2022 $420,680 $538,650 $651,050 $809,150
MADISON, WI IOWA 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO IRON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO JACKSON 2022 $420,680 $538,650 $651,050 $809,150
WATERTOWN-FORT ATKINSON, WI JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO JUNEAU 2022 $420,680 $538,650 $651,050 $809,150
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI KENOSHA 2022 $420,680 $538,650 $651,050 $809,150
GREEN BAY, WI KEWAUNEE 2022 $420,680 $538,650 $651,050 $809,150
LA CROSSE-ONALASKA, WI-MN LA CROSSE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LAFAYETTE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LANGLADE 2022 $420,680 $538,650 $651,050 $809,150
WAUSAU-WESTON, WI LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
MANITOWOC, WI MANITOWOC 2022 $420,680 $538,650 $651,050 $809,150
WAUSAU-WESTON, WI MARATHON 2022 $420,680 $538,650 $651,050 $809,150
MARINETTE, WI-MI MARINETTE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MARQUETTE 2022 $420,680 $538,650 $651,050 $809,150
SHAWANO, WI MENOMINEE 2022 $420,680 $538,650 $651,050 $809,150
MILWAUKEE-WAUKESHA, WI MILWAUKEE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MONROE 2022 $420,680 $538,650 $651,050 $809,150
GREEN BAY, WI OCONTO 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO ONEIDA 2022 $420,680 $538,650 $651,050 $809,150
APPLETON, WI OUTAGAMIE 2022 $420,680 $538,650 $651,050 $809,150
MILWAUKEE-WAUKESHA, WI OZAUKEE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO PEPIN 2022 $420,680 $538,650 $651,050 $809,150
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI PIERCE 2022 $448,500 $574,150 $694,000 $862,500
NON-METRO POLK 2022 $420,680 $538,650 $651,050 $809,150
STEVENS POINT, WI PORTAGE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO PRICE 2022 $420,680 $538,650 $651,050 $809,150
RACINE, WI RACINE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO RICHLAND 2022 $420,680 $538,650 $651,050 $809,150
JANESVILLE-BELOIT, WI ROCK 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO RUSK 2022 $420,680 $538,650 $651,050 $809,150
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI ST. CROIX 2022 $448,500 $574,150 $694,000 $862,500
BARABOO, WI SAUK 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO SAWYER 2022 $420,680 $538,650 $651,050 $809,150
SHAWANO, WI SHAWANO 2022 $420,680 $538,650 $651,050 $809,150
SHEBOYGAN, WI SHEBOYGAN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO TAYLOR 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO TREMPEALEAU 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO VERNON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO VILAS 2022 $420,680 $538,650 $651,050 $809,150
WHITEWATER, WI WALWORTH 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO WASHBURN 2022 $420,680 $538,650 $651,050 $809,150
MILWAUKEE-WAUKESHA, WI WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
MILWAUKEE-WAUKESHA, WI WAUKESHA 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO WAUPACA 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO WAUSHARA 2022 $420,680 $538,650 $651,050 $809,150
OSHKOSH-NEENAH, WI WINNEBAGO 2022 $420,680 $538,650 $651,050 $809,150
WISCONSIN RAPIDS-MARSHFIELD, WI WOOD 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO ADAMS 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO ASHLAND 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO BARRON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO BAYFIELD 2023 $472,030 $604,400 $730,525 $907,900
GREEN BAY, WI BROWN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO BUFFALO 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO BURNETT 2023 $472,030 $604,400 $730,525 $907,900
APPLETON, WI CALUMET 2023 $472,030 $604,400 $730,525 $907,900
EAU CLAIRE, WI CHIPPEWA 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CLARK 2023 $472,030 $604,400 $730,525 $907,900
MADISON, WI COLUMBIA 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CRAWFORD 2023 $472,030 $604,400 $730,525 $907,900
MADISON, WI DANE 2023 $472,030 $604,400 $730,525 $907,900
BEAVER DAM, WI DODGE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO DOOR 2023 $472,030 $604,400 $730,525 $907,900
DULUTH, MN-WI DOUGLAS 2023 $472,030 $604,400 $730,525 $907,900
MENOMONIE, WI DUNN 2023 $472,030 $604,400 $730,525 $907,900
EAU CLAIRE, WI EAU CLAIRE 2023 $472,030 $604,400 $730,525 $907,900
IRON MOUNTAIN, MI-WI FLORENCE 2023 $472,030 $604,400 $730,525 $907,900
FOND DU LAC, WI FOND DU LAC 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO FOREST 2023 $472,030 $604,400 $730,525 $907,900
PLATTEVILLE, WI GRANT 2023 $472,030 $604,400 $730,525 $907,900
MADISON, WI GREEN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO GREEN LAKE 2023 $472,030 $604,400 $730,525 $907,900
MADISON, WI IOWA 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO IRON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO JACKSON 2023 $472,030 $604,400 $730,525 $907,900
WATERTOWN-FORT ATKINSON, WI JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO JUNEAU 2023 $472,030 $604,400 $730,525 $907,900
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI KENOSHA 2023 $472,030 $604,400 $730,525 $907,900
GREEN BAY, WI KEWAUNEE 2023 $472,030 $604,400 $730,525 $907,900
LA CROSSE-ONALASKA, WI-MN LA CROSSE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LAFAYETTE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LANGLADE 2023 $472,030 $604,400 $730,525 $907,900
WAUSAU-WESTON, WI LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
MANITOWOC, WI MANITOWOC 2023 $472,030 $604,400 $730,525 $907,900
WAUSAU-WESTON, WI MARATHON 2023 $472,030 $604,400 $730,525 $907,900
MARINETTE, WI-MI MARINETTE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MARQUETTE 2023 $472,030 $604,400 $730,525 $907,900
SHAWANO, WI MENOMINEE 2023 $472,030 $604,400 $730,525 $907,900
MILWAUKEE-WAUKESHA, WI MILWAUKEE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MONROE 2023 $472,030 $604,400 $730,525 $907,900
GREEN BAY, WI OCONTO 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO ONEIDA 2023 $472,030 $604,400 $730,525 $907,900
APPLETON, WI OUTAGAMIE 2023 $472,030 $604,400 $730,525 $907,900
MILWAUKEE-WAUKESHA, WI OZAUKEE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO PEPIN 2023 $472,030 $604,400 $730,525 $907,900
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI PIERCE 2023 $515,200 $659,550 $797,250 $990,800
NON-METRO POLK 2023 $472,030 $604,400 $730,525 $907,900
STEVENS POINT, WI PORTAGE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO PRICE 2023 $472,030 $604,400 $730,525 $907,900
RACINE, WI RACINE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO RICHLAND 2023 $472,030 $604,400 $730,525 $907,900
JANESVILLE-BELOIT, WI ROCK 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO RUSK 2023 $472,030 $604,400 $730,525 $907,900
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI ST. CROIX 2023 $515,200 $659,550 $797,250 $990,800
BARABOO, WI SAUK 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO SAWYER 2023 $472,030 $604,400 $730,525 $907,900
SHAWANO, WI SHAWANO 2023 $472,030 $604,400 $730,525 $907,900
SHEBOYGAN, WI SHEBOYGAN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO TAYLOR 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO TREMPEALEAU 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO VERNON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO VILAS 2023 $472,030 $604,400 $730,525 $907,900
WHITEWATER, WI WALWORTH 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO WASHBURN 2023 $472,030 $604,400 $730,525 $907,900
MILWAUKEE-WAUKESHA, WI WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
MILWAUKEE-WAUKESHA, WI WAUKESHA 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO WAUPACA 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO WAUSHARA 2023 $472,030 $604,400 $730,525 $907,900
OSHKOSH-NEENAH, WI WINNEBAGO 2023 $472,030 $604,400 $730,525 $907,900
WISCONSIN RAPIDS-MARSHFIELD, WI WOOD 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).