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 6.34% for the week of 2024-11-08, compared to the national average (all FHA variants) of 6.425% for the same period.

    Wisconsin's average FHA mortgage closing costs are $6,572.

    The average rate for the prior week (2024-11-01) was 6.21% and one month ago for the week of 2024-10-04, the average rate was 5.73%.

    The average rate one year ago was 7.58%.

    For refis of the same type during the week of 2024-11-08, the average rate was 5.61%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 866 6.31% $9,661
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 361 7.02% $8,863
    UNITED WHOLESALE MORTGAGE, LLC 298 6.49% $10,202
    GUILD MORTGAGE COMPANY 254 6.85% $9,305
    CROSSCOUNTRY MORTGAGE, LLC 246 6.93% $10,218
    LOANDEPOT.COM, LLC 182 6.68% $10,626
    V.I.P. MORTGAGE, INC. 143 6.74% $9,264
    Paramount Residential Mortgage Group, Inc. 141 6.95% $8,565
    CARDINAL FINANCIAL 134 6.85% $11,314
    NEWREZ LLC 118 6.53% $9,647
    Ixonia Bank 117 7.10% $9,663
    BROKER SOLUTIONS, INC. 115 6.79% $10,800
    Nations Lending Corporation 107 7.06% $8,392
    FREEDOM MORTGAGE CORPORATION 105 6.96% $12,327
    Barrington Bank & Trust Company, N.A. 102 6.73% $9,698
    PENNYMAC LOAN SERVICES, LLC 102 6.29% $10,743
    Associated Bank 101 6.32% $6,424
    THOMPSON KANE & COMPANY, LLC 98 6.92% $10,026
    AMERISAVE MORTGAGE CORPORATION 89 6.18% $12,779
    Mr. Cooper ( Nationstar Mortgage ) 87 6.18% $13,514
    Bank of England 86 6.97% $8,877
    AMERICAN PACIFIC MORTGAGE CORPORATION 85 7.15% $11,149
    Prosperity Home Mortgage, LLC 85 6.65% $8,598
    U.S. Bank 79 6.84% $6,958
    GUARANTEED RATE, INC. 79 6.92% $10,114
    ENVOY MORTGAGE, LTD 77 6.80% $8,864
    ENDEAVOR CAPITAL, LLC. 72 6.72% $10,385
    Waterstone Mortgage Corporation 71 6.77% $8,905
    GSF Mortgage Corporation 69 6.69% $9,029
    Bank Five Nine 66 6.72% $7,070
    Carrington Mortgage Services, LLC 65 6.50% $11,228
    MUTUAL OF OMAHA MORTGAGE, INC. 62 6.77% $12,953
    Bell Bank 58 6.62% $9,668
    MOVEMENT MORTGAGE, LLC 58 7.05% $10,019
    JPMorgan Chase Bank 55 6.75% $5,193
    CMG MORTGAGE, INC. 54 7.27% $10,235
    Flagstar Bank, FSB 54 6.86% $7,440
    Mortgage Research Center, LLC 54 7.14% $5,785
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 50 7.19% $9,253
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 46 6.72% $7,542
    UNION HOME MORTGAGE CORP. 45 7.09% $8,778
    PRIMARY RESIDENTIAL MORTGAGE, INC. 42 6.93% $10,602
    NATIONS RELIABLE LENDING, LLC 42 7.22% $9,194
    LAKEVIEW LOAN SERVICING, LLC 41 6.27% $11,025
    TOWNE MORTGAGE COMPANY 41 6.77% $8,925
    PLANET HOME LENDING, LLC 38 6.10% $8,524
    FIRST CENTENNIAL MORTGAGE CORPORATION 38 6.84% $7,869
    American Mortgage & Equity Consultants, Inc. 35 6.98% $10,748
    WISCONSIN MORTGAGE CORPORATION 35 6.72% $7,528
    BAY EQUITY LLC 31 6.70% $10,840
    LAND HOME FINANCIAL SERVICES, INC. 30 6.70% $9,073
    SUN WEST MORTGAGE COMPANY, INC. 30 6.75% $8,847
    CORNERSTONE HOME LENDING, INC. 29 6.53% $12,283
    AMERICAN FINANCIAL NETWORK, INC. 28 6.92% $10,866
    Royal Credit Union 27 6.70% $8,549
    GATEWAY MORTGAGE CORPORATION 25 6.90% $7,120
    Century Mortgage Company DBA Century Lending Company 24 6.86% $10,053
    GUARANTEED RATE AFFINITY, LLC 24 6.70% $10,737
    EVERETT FINANCIAL, INC. 23 6.85% $11,819
    HOMEBRIDGE FINANCIAL SERVICES, INC. 23 6.67% $8,552
    A + MORTGAGE SERVICES, INC. 22 6.40% $9,099
    CIBM Bank 21 6.99% $7,181
    CHERRY CREEK MORTGAGE, LLC 21 6.47% $4,526
    Servion, Inc. 21 6.48% $6,964
    MID AMERICA MORTGAGE, INC. 19 6.78% $6,926
    SUCCESS MORTGAGE PARTNERS, INC. 19 6.75% $8,793
    First Federal Bank 18 6.56% $7,906
    BMO Harris Bank 18 6.97% $7,797
    CHURCHILL MORTGAGE CORPORATION 18 7.11% $7,757
    The Huntington National Bank 17 6.44% $8,609
    CALIBER HOME LOANS, INC. 16 6.47% $7,276
    The Equitable Bank, S.S.B. 15 6.03% $6,661
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 14 6.43% $7,482
    AMERICAN FINANCING CORPORATION 14 6.00% $10,654
    University of Wisconsin Credit Union 14 6.58% $9,528
    FIRST COMMUNITY MORTGAGE, INC. 14 7.08% $8,956
    AmeriHome Mortgage Company, LLC 14 6.47% $8,965
    MICHIGAN MUTUAL, INC. 13 6.95% $9,593
    Equity Prime Mortgage LLC 13 6.75% $10,427
    SECURITYNATIONAL MORTGAGE COMPANY 13 7.37% $8,151
    TOP FLITE FINANCIAL, INC. 13 6.88% $15,021
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 13 6.97% $8,989
    HOMESIDE FINANCIAL, LLC 13 6.98% $8,448
    ZILLOW HOME LOANS, LLC 12 6.58% $9,453
    DAS Acquisition Company, LLC 12 7.27% $8,344
    Plains Commerce Bank 12 6.96% $8,186
    PRIMELENDING, A PLAINSCAPITAL COMPANY 12 6.94% $10,207
    AXIA FINANCIAL, LLC 11 6.09% $10,290
    Waukesha State Bank 10 6.81% $8,073
    ROYAL UNITED MORTGAGE LLC 10 6.98% $11,837
    Old National Bank 10 6.46% $6,872
    T2 FINANCIAL LLC 9 6.83% $10,565
    VILLAGE CAPITAL MORTGAGE 9 5.99% $7,986
    PNC Bank 9 6.35% $6,136
    Wells Fargo Bank 8 6.63% $6,576
    Summit Mortgage Corporation 8 6.64% $8,557
    GENEVA FINANCIAL, LLC 8 7.11% $14,122
    North Shore Bank of Commerce 7 6.73% $10,124
    DRAPER AND KRAMER MORTGAGE CORP. 7 6.77% $8,749
    The Federal Savings Bank 7 6.29% $13,981
    LEADERONE FINANCIAL CORPORATION 7 6.71% $8,412
    Wolfe Financial, Inc 6 7.23% $11,665
    PLAZA HOME MORTGAGE, INC. 6 6.75% $10,463
    FIRST STATE MORTGAGE SERVICES, LLC 6 6.90% $7,700
    EMBRACE HOME LOANS, INC. 6 6.69% $8,964
    CITY FIRST MORTGAGE SERVICES, L.L.C. 6 7.10% $8,130
    CIBC Bank USA 5 6.32% $6,384
    OCMBC, INC. 5 7.38% $8,402
    GREENSTATE CREDIT UNION 5 6.35% $8,509
    Lakeview Community Capital, LLC 5 6.50% $11,673
    AMERICAN FINANCIAL RESOURCES, INC. 5 7.03% $8,831
    Tradition Mortgage, LLC 5 6.05% $10,432
    BECKAM FUNDING CORP. 5 7.27% $11,062
    Blackhawk Bank 5 7.58% $6,855
    EMM LOANS LLC 5 6.55% $13,375
    M&T Bank 5 6.55% $8,558
    Coulee Bank 5 6.20% $7,552
    Neighborhood Loans, Inc. 5 6.98% $12,275
    ALTRA 4 6.15% $8,115
    Bremer Bank 4 6.81% $6,761
    LOANPAL, LLC 4 5.88% $11,319
    LIBERTY HOME MORTGAGE CORPORATION 4 6.66% $22,554
    Ameris Bank 4 7.22% $6,788
    VERITAS FUNDING, LLC 4 6.72% $16,179
    PENTAGON FEDERAL CREDIT UNION 4 6.19% $6,091
    NATIONWIDE MORTGAGE BANKERS, INC. 4 7.34% $10,361
    NBKC BANK 4 6.25% $7,984
    Home Federal Savings Bank 4 6.84% $9,373
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 6.72% $14,905
    MORTGAGE CENTER L.C 4 6.97% $7,840
    Regent Financial Group, Inc. 4 6.75% $8,934
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 7.29% $9,253
    Home State Bank 3 7.08% $6,772
    NATIONS DIRECT MORTGAGE, LLC 3 7.00% $12,627
    PHH Mortgage Corporation 3 6.13% $9,730
    Citizens Bank 3 6.04% $9,277
    CALCON MUTUAL MORTGAGE LLC 3 6.54% $12,489
    SUMMIT FUNDING, INC. 3 6.58% $17,957
    BETTER MORTGAGE CORPORATION 3 6.25% $6,296
    TJC Mortgage, Inc. 3 6.04% $15,296
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.50% $11,255
    MLD MORTGAGE INC. 2 6.00% $7,735
    Flanagan State Bank 2 6.38% $7,768
    First Savings Bank 2 6.25% $11,467
    AMCAP MORTGAGE, LTD. 2 6.87% $9,236
    Sierra Pacific Mortgage Company, Inc. 2 5.88% $15,526
    JLB CORPORATION 2 7.06% $9,779
    Regions Bank 2 6.44% $7,982
    RESIDENTIAL BANCORP 2 6.94% $12,637
    The Central Trust Bank 2 6.69% $9,332
    ALAMEDA MORTGAGE CORPORATION 2 6.25% $9,119
    Starion Bank 2 6.50% $9,593
    COMPASS MORTGAGE, INC. 2 5.50% $9,552
    HOMESTEAD FUNDING CORP. 2 6.75% $6,448
    EAGLE HOME MORTGAGE, LLC 1 4.99% $11,195
    CANOPY MORTGAGE, LLC 1 6.63% $14,260
    RUHL MORTGAGE, LLC 1 5.75% $5,139
    RUOFF MORTGAGE COMPANY, INC. 1 6.25% $5,935
    Cambria Financial Group, LLC 1 7.12% $12,709
    IOWA BANKERS MORTGAGE CORPORATION 1 7.38% $4,622
    SIRVA MORTGAGE, INC. 1 7.25% $7,538
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.25% $10,480
    Fifth Third Bank 1 7.13% $5,767
    FirstBank 1 7.13% $13,843
    Merchants Bank 1 6.03% $9,471
    SWBC MORTGAGE CORPORATION 1 6.75% $12,715
    MEGASTAR FINANCIAL CORP. 1 6.63% $12,027
    Magnolia Bank 1 6.00% $11,206
    Loan Simple, Inc. 1 6.75% $5,640
    First-Citizens Bank & Trust Company 1 6.13% $6,834
    HOMESTAR FINANCIAL CORPORATION 1 7.25% $9,009
    Arvest Bank 1 7.00% $7,055
    TOTAL MORTGAGE SERVICES, LLC 1 6.75% $9,824
    ARC HOME LLC 1 7.13% $6,960
    LEGEND LENDING CORPORATION 1 6.13% $22,249
    TruHome Solutions, LLC 1 5.88% $6,294
    First Mid Bank & Trust 1 8.13% $6,949
    Florida Capital Bank 1 7.13% $8,473
    United Fidelity Funding Corp. 1 7.62% $11,908
    UNITED HOME LOANS, INC. 1 6.63% $7,275
    Key Mortgage Services, Inc. 1 7.25% $8,350
    Northpointe Bank 1 6.50% $7,794
    North American Savings Bank, F.S.B. 1 5.75% $7,202
    NORTHWEST BANK OF ROCKFORD 1 6.38% $5,813
    NFM, INC. 1 7.38% $7,859
    NexBank 1 6.63% $6,526
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.13% $7,756
    Colonial Savings, F.A. 1 6.88% $12,320
    Pacor Mortgage Corp 1 7.13% $15,747
    Park State Bank 1 6.00% $10,705
    NEW DAY FINANCIAL, LLC 1 7.50% $11,003
    First United Bank 1 6.25% $8,272
    NETWORK CAPITAL FUNDING CORPORATION 1 5.50% $7,414
    Allied First Bank,sb 1 7.00% $7,589
    CRESCENT MORTGAGE COMPANY 1 7.13% $7,103
    NATION ONE MORTGAGE CORPORATION 1 6.38% $25,254
    PREMIA MORTGAGE, LLC 1 5.75% $5,434
    MYCUMORTGAGE, LLC 1 6.63% $3,894
    ACADEMY MORTGAGE CORPORATION 1 6.25% $12,560
    Chickasaw Community Bank 1 6.25% $15,275
    Capital Bank 1 5.50% $6,502

    The top Wisconsin FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 866 FHA loans originated. Their average total fees are $9,661, which is $798 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 ($4,526), JPMorgan Chase Bank ($5,193), Mortgage Research Center, LLC ($5,785), Associated Bank ($6,424) and The Equitable Bank, S.S.B. ($6,661).

    The lowest rate Wisconsin FHA lenders (with over 10 loans originated) are AMERICAN FINANCING CORPORATION (6.00%), The Equitable Bank, S.S.B. (6.03%), AXIA FINANCIAL, LLC (6.09%), PLANET HOME LENDING, LLC (6.10%) and AMERISAVE MORTGAGE CORPORATION (6.18%).

    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).