Wisconsin FHA Loan Rates, Closing Costs & Stats

Wisconsin

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits

    • 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 6.39% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Wisconsin's average FHA mortgage closing costs are $6,919.

    The average rate for the prior week (2025-03-28) was 6.49% and one month ago for the week of 2025-02-28, the average rate was 6.47%.

    The average rate one year ago was 6.59%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.24%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 832 6.35% $10,673
    GUILD MORTGAGE COMPANY 364 6.76% $9,391
    UNITED WHOLESALE MORTGAGE, LLC 350 6.19% $11,583
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 318 6.88% $9,098
    PENNYMAC LOAN SERVICES, LLC 238 6.13% $8,890
    FREEDOM MORTGAGE CORPORATION 227 6.50% $11,133
    CROSSCOUNTRY MORTGAGE, LLC 212 6.72% $10,504
    LOANDEPOT.COM, LLC 195 6.57% $10,637
    FIRST COLONY MORTGAGE CORPORATION 149 6.40% $9,340
    Ixonia Bank 134 6.80% $9,885
    AMERICAN PACIFIC MORTGAGE CORPORATION 123 6.76% $11,167
    CARDINAL FINANCIAL 122 6.99% $12,623
    BROKER SOLUTIONS, INC. 120 6.83% $11,274
    NEWREZ LLC 119 6.42% $9,813
    Paramount Residential Mortgage Group, Inc. 101 6.79% $9,196
    Nations Lending Corporation 101 6.89% $9,103
    PLANET HOME LENDING, LLC 98 6.28% $7,643
    Prosperity Home Mortgage, LLC 97 6.28% $9,949
    Bank Five Nine 95 6.40% $8,271
    GUARANTEED RATE, INC. 87 6.70% $8,808
    Associated Bank 87 6.35% $6,678
    Flagstar Bank, FSB 84 6.51% $7,948
    MUTUAL OF OMAHA MORTGAGE, INC. 82 6.54% $14,111
    CMG MORTGAGE, INC. 77 7.20% $11,005
    THOMPSON KANE & COMPANY, LLC 76 6.81% $10,656
    U.S. Bank 75 6.59% $7,346
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 74 6.49% $7,362
    PRIMARY RESIDENTIAL MORTGAGE, INC. 71 6.95% $11,469
    Carrington Mortgage Services, LLC 70 6.40% $12,133
    UNION HOME MORTGAGE CORP. 68 6.69% $9,456
    V.I.P. MORTGAGE, INC. 66 6.41% $8,646
    Barrington Bank & Trust Company, N.A. 66 6.66% $9,639
    LAKEVIEW LOAN SERVICING, LLC 65 6.54% $8,418
    Mortgage Research Center, LLC 61 6.79% $7,555
    Bank of England 59 6.58% $9,051
    SECURITYNATIONAL MORTGAGE COMPANY 58 7.05% $10,800
    Mr. Cooper ( Nationstar Mortgage ) 56 6.60% $11,472
    AMERICAN FINANCIAL NETWORK, INC. 54 6.40% $14,107
    Bell Bank 52 6.41% $10,543
    ENDEAVOR CAPITAL, LLC. 49 6.25% $9,433
    MOVEMENT MORTGAGE, LLC 48 6.92% $10,032
    HOMEBRIDGE FINANCIAL SERVICES, INC. 42 6.55% $8,461
    TOWNE MORTGAGE COMPANY 40 6.69% $9,274
    Waterstone Mortgage Corporation 39 7.16% $10,379
    WISCONSIN MORTGAGE CORPORATION 38 6.43% $6,930
    NATIONS RELIABLE LENDING, LLC 35 7.03% $10,097
    Century Mortgage Company DBA Century Lending Company 32 6.55% $10,324
    First Federal Bank 32 6.55% $6,986
    Servion, Inc. 31 6.63% $8,101
    VILLAGE CAPITAL MORTGAGE 31 6.50% $5,690
    AMERISAVE MORTGAGE CORPORATION 31 6.14% $13,645
    Equity Prime Mortgage LLC 31 7.13% $10,304
    American Mortgage & Equity Consultants, Inc. 29 6.64% $11,121
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 27 7.04% $9,150
    CHURCHILL MORTGAGE CORPORATION 27 6.77% $8,576
    JPMorgan Chase Bank 26 6.64% $6,206
    HOMESIDE FINANCIAL, LLC 26 6.27% $13,611
    BAY EQUITY LLC 26 6.86% $10,236
    AmeriHome Mortgage Company, LLC 26 6.69% $7,173
    AMERICAN FINANCING CORPORATION 25 5.88% $12,514
    ENVOY MORTGAGE, LTD 24 7.43% $9,502
    BMO Harris Bank 23 6.66% $7,216
    Royal Credit Union 23 6.53% $8,165
    The Huntington National Bank 22 6.52% $7,848
    EVERETT FINANCIAL, INC. 20 6.92% $10,697
    SUN WEST MORTGAGE COMPANY, INC. 20 6.73% $10,889
    GATEWAY MORTGAGE CORPORATION 20 6.93% $6,842
    Home State Bank 19 6.84% $7,856
    LOANPAL, LLC 18 5.69% $13,434
    LAND HOME FINANCIAL SERVICES, INC. 18 6.71% $10,084
    DAS Acquisition Company, LLC 18 7.26% $8,504
    PLAZA HOME MORTGAGE, INC. 18 6.83% $9,941
    GSF Mortgage Corporation 17 6.68% $8,797
    SUCCESS MORTGAGE PARTNERS, INC. 17 6.73% $9,852
    CIBM Bank 15 6.68% $7,916
    FIRST COMMUNITY MORTGAGE, INC. 15 6.91% $10,486
    Plains Commerce Bank 14 6.60% $10,086
    University of Wisconsin Credit Union 14 6.41% $8,621
    GUARANTEED RATE AFFINITY, LLC 14 6.61% $8,349
    A + MORTGAGE SERVICES, INC. 13 6.56% $7,505
    EMM LOANS LLC 12 5.96% $15,507
    ZILLOW HOME LOANS, LLC 12 6.10% $10,340
    Ameris Bank 12 6.29% $7,430
    Wells Fargo Bank 12 6.38% $9,272
    Old National Bank 11 5.95% $7,769
    GENEVA FINANCIAL, LLC 11 6.73% $14,696
    Lakeview Community Capital, LLC 10 6.37% $8,545
    MICHIGAN MUTUAL, INC. 10 6.78% $8,640
    NFM, INC. 10 7.45% $9,415
    Granite Community Bank 10 6.31% $9,808
    MORTGAGE SOLUTIONS OF COLORADO, LLC 9 7.07% $16,574
    M&T Bank 9 6.42% $8,742
    AMERICAN FINANCIAL RESOURCES, INC. 9 6.76% $8,982
    The Equitable Bank, S.S.B. 8 6.03% $7,129
    S1L, Inc. 8 6.67% $9,741
    POINT Mortgage 8 6.47% $9,574
    PRIMELENDING, A PLAINSCAPITAL COMPANY 8 6.36% $10,781
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 8 6.42% $6,835
    ROYAL UNITED MORTGAGE LLC 7 6.50% $14,044
    Summit Mortgage Corporation 7 6.84% $9,027
    VERITAS FUNDING, LLC 7 6.21% $14,876
    Waukesha State Bank 7 6.54% $9,045
    NATIONS DIRECT MORTGAGE, LLC 6 6.90% $11,594
    FIRST STATE MORTGAGE SERVICES, LLC 6 6.38% $8,953
    ALTRA 6 6.23% $6,262
    Wolfe Financial, Inc 6 7.21% $10,801
    OCEANSIDE MORTGAGE COMPANY 6 6.29% $3,250
    MORTGAGE CENTER L.C 5 7.23% $9,874
    LIBERTY HOME MORTGAGE CORPORATION 5 6.53% $16,810
    RUOFF MORTGAGE COMPANY, INC. 5 6.00% $8,928
    PHH Mortgage Corporation 5 6.07% $11,982
    NATIONWIDE MORTGAGE BANKERS, INC. 5 7.00% $10,673
    First Mid Bank & Trust 5 7.15% $6,904
    T2 FINANCIAL LLC 5 7.28% $9,268
    Alerus Financial 5 6.95% $7,210
    Sierra Pacific Mortgage Company, Inc. 4 6.44% $11,465
    OCMBC, INC. 4 7.47% $11,478
    MID AMERICA MORTGAGE, INC. 4 6.78% $7,185
    COMPASS MORTGAGE, INC. 4 6.56% $10,266
    TOP FLITE FINANCIAL, INC. 4 7.06% $23,319
    NBKC BANK 4 6.34% $7,292
    LEADERONE FINANCIAL CORPORATION 4 6.63% $10,254
    GREENSTATE CREDIT UNION 4 6.22% $6,227
    NEXERA HOLDING LLC 4 6.06% $9,094
    Cornerstone First Mortgage, Inc 3 6.83% $8,876
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.92% $16,318
    AXIA FINANCIAL, LLC 3 7.04% $11,390
    BAYSHORE MORTGAGE FUNDING, LLC 3 6.79% $12,469
    CIBC Bank USA 3 5.96% $7,022
    Loan Simple, Inc. 3 6.54% $18,471
    Magnolia Bank 3 6.17% $10,587
    PNC Bank 3 6.71% $10,483
    The Federal Savings Bank 3 6.58% $12,292
    Tradition Mortgage, LLC 3 6.17% $10,418
    NEW DAY FINANCIAL, LLC 2 7.99% $6,330
    Commerce Home Mortgage, Inc. 2 5.88% $13,744
    EAGLE HOME MORTGAGE, LLC 2 4.93% $12,239
    Texana Bank 2 6.19% $10,497
    Regent Financial Group, Inc. 2 6.49% $7,667
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 6.75% $9,347
    LENOX FINANCIAL MORTGAGE CORPORATION 2 6.25% $7,382
    Blue Ridge Bank 2 6.56% $10,782
    BETTER MORTGAGE CORPORATION 2 5.13% $13,518
    Assurance Financial Group, L.L.C. 2 5.44% $15,660
    Key Mortgage Services, Inc. 2 6.75% $10,178
    TruHome Solutions, LLC 2 5.88% $8,291
    Park State Bank 2 6.25% $9,551
    Truist 2 6.06% $7,370
    Paramount Bank 2 6.00% $9,407
    Florida Capital Bank 1 6.25% $8,330
    First Western Bank & Trust 1 6.25% $8,142
    Sunflower Bank 1 6.49% $11,800
    First National Bank Texas 1 7.13% $7,866
    SWBC MORTGAGE CORPORATION 1 6.75% $22,345
    FIRST MORTGAGE COMPANY, INC. 1 7.75% $13,845
    THE ANDERSON FINANCIAL GROUP, INC. 1 7.13% $10,022
    Fifth Third Bank 1 6.25% $8,865
    Allied First Bank,sb 1 6.75% $12,133
    EMBRACE HOME LOANS, INC. 1 6.25% $10,915
    The Union Bank Company 1 5.25% $8,475
    North Shore Bank of Commerce 1 7.13% $4,787
    DATA MORTGAGE, INC. 1 6.25% $15,695
    TOTAL MORTGAGE SERVICES, LLC 1 6.63% $6,782
    Academy Bank 1 6.25% $10,132
    ALAMEDA MORTGAGE CORPORATION 1 6.63% $7,481
    CONTOUR MORTGAGE CORPORATION 1 7.25% $6,395
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.13% $10,027
    Citizens Bank 1 6.63% $10,572
    Citibank 1 6.75% $7,715
    CALCON MUTUAL MORTGAGE LLC 1 6.63% $8,784
    Bremer Bank 1 6.88% $9,453
    Armed Forces Bank 1 6.63% $14,142
    Willamette Valley Bank 1 6.38% $8,331
    PENTAGON FEDERAL CREDIT UNION 1 5.88% $7,391
    TJC Mortgage, Inc. 1 5.25% $10,808
    North American Savings Bank, F.S.B. 1 6.63% $5,577
    NexBank 1 6.63% $11,089
    PREMIA MORTGAGE, LLC 1 5.65% $9,784
    MLD MORTGAGE INC. 1 6.75% $8,183
    Merchants Bank 1 5.50% $7,686
    PROPER RATE, LLC 1 7.13% $9,887
    MEMBER FIRST MORTGAGE, LLC 1 6.25% $7,678
    MEGASTAR FINANCIAL CORP. 1 5.75% $11,092
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.75% $9,577
    Independent Bank 1 6.75% $11,162
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.88% $9,289
    Gateway First Bank 1 5.75% $8,692
    Fortress Bank 1 6.75% $9,750
    SIRVA MORTGAGE, INC. 1 6.13% $7,940

    The top Wisconsin FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 832 FHA loans originated. Their average total fees are $10,673, which is $1,282 higher than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Wisconsin FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($5,690), JPMorgan Chase Bank ($6,206), Associated Bank ($6,678), GATEWAY MORTGAGE CORPORATION ($6,842) and WISCONSIN MORTGAGE CORPORATION ($6,930).

    The lowest rate Wisconsin FHA lenders (with over 10 loans originated) are LOANPAL, LLC (5.69%), AMERICAN FINANCING CORPORATION (5.88%), Old National Bank (5.95%), EMM LOANS LLC (5.96%) and ZILLOW HOME LOANS, LLC (6.10%).

    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).