North Port FHA Loan Rates, Closing Costs & Stats

North Port-Sarasota-Bradenton, FL

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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.

    North Port's 192 lenders originated 3,241 FHA loans during 2024. The total origination value was $1,190,415,000, with an average FHA loan value of $367,299.

    North Port FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in North Port averaged 6.57% for the week of 2025-07-18, compared to the national average (all FHA variants) of 6.527% for the same period.

    North Port's average FHA mortgage closing costs are $10,164.

    The average rate for the prior week (2025-07-11) was 6.57% and one month ago for the week of 2025-06-13, the average rate was 6.62%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.76%.

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

    North Port 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 North Port level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 315 5.10% $10,409
    UNITED WHOLESALE MORTGAGE, LLC 302 6.22% $15,723
    QUICKEN LOANS, LLC 159 6.20% $14,477
    EAGLE HOME MORTGAGE, LLC 141 4.68% $12,442
    South Pacific Financial Corporation 117 5.26% $9,113
    LOANDEPOT.COM, LLC 99 5.59% $13,522
    M/I FINANCIAL, LLC 91 5.29% $19,584
    NVR Mortgage Finance, Inc. 90 6.28% $12,231
    FREEDOM MORTGAGE CORPORATION 88 6.32% $14,428
    FBC MORTGAGE, LLC 56 5.56% $12,936
    PULTE MORTGAGE LLC 52 5.22% $8,399
    CMG MORTGAGE, INC. 51 5.68% $18,062
    BROKER SOLUTIONS, INC. 49 6.65% $15,726
    PENNYMAC LOAN SERVICES, LLC 48 6.03% $13,702
    NEWREZ LLC 48 6.53% $14,291
    KBHS HOME LOANS, LLC 45 5.95% $14,110
    CROSSCOUNTRY MORTGAGE, LLC 45 6.28% $14,537
    NFM, INC. 37 6.23% $16,117
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 37 6.60% $14,994
    Paramount Residential Mortgage Group, Inc. 34 6.49% $15,130
    Bank of England 33 6.72% $15,375
    T2 FINANCIAL LLC 32 6.75% $15,683
    CARDINAL FINANCIAL 30 6.00% $17,771
    Equity Prime Mortgage LLC 30 6.62% $16,067
    THE MORTGAGE FIRM, INC. 26 6.62% $12,950
    MOVEMENT MORTGAGE, LLC 26 6.65% $15,722
    VANDERBILT MORTGAGE AND FINANCE, INC. 24 5.20% $18,359
    EVERETT FINANCIAL, INC. 23 6.93% $15,040
    FAIRWAY FUNDING GROUP, INC. 23 6.15% $14,193
    UNION HOME MORTGAGE CORP. 22 6.64% $14,214
    PANORAMA MORTGAGE GROUP, LLC 21 6.59% $14,328
    NEAL COMMUNITIES FUNDING, LLC 21 6.08% $11,131
    Ixonia Bank 20 6.16% $14,818
    GUILD MORTGAGE COMPANY 20 6.79% $13,666
    Flagstar Bank, FSB 19 6.48% $11,774
    GUARANTEED RATE, INC. 18 5.84% $16,084
    GUARANTEED RATE AFFINITY, LLC 17 6.62% $14,074
    INSPIRE HOME LOANS INC. 16 4.82% $10,011
    Carrington Mortgage Services, LLC 16 6.25% $15,752
    The Loan Store, Inc. 15 6.29% $16,454
    MUTUAL OF OMAHA MORTGAGE, INC. 15 6.33% $17,075
    Plains Commerce Bank 14 6.56% $13,983
    Century Mortgage Company DBA Century Lending Company 13 6.15% $15,859
    AMERICAN FINANCIAL NETWORK, INC. 12 6.53% $14,786
    JMAC LENDING, INC. 12 6.26% $17,681
    LAKEVIEW LOAN SERVICING, LLC 11 6.42% $10,235
    HOMESIDE FINANCIAL, LLC 11 6.42% $15,875
    Home Mortgage Alliance Corp 10 6.97% $16,357
    GERSHMAN INVESTMENT CORP. 10 6.71% $12,815
    JPMorgan Chase Bank 9 6.17% $10,002
    ZILLOW HOME LOANS, LLC 9 6.36% $11,950
    LOANPAL, LLC 9 5.85% $14,444
    MATTAMY HOME FUNDING, LLC 9 5.89% $11,652
    PLAZA HOME MORTGAGE, INC. 9 6.44% $16,787
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 6.47% $13,087
    TJC Mortgage, Inc. 8 6.48% $13,288
    Synovus Bank 8 6.33% $13,575
    Keystone Funding, Inc. 8 6.19% $17,217
    Regions Bank 8 6.00% $21,010
    Mr. Cooper ( Nationstar Mortgage ) 8 6.34% $15,182
    FIRST COMMUNITY MORTGAGE, INC. 7 6.23% $14,555
    Fifth Third Bank 7 6.38% $12,437
    MID AMERICA MORTGAGE, INC. 7 7.34% $14,005
    ALLIED MORTGAGE GROUP, INC. 7 6.14% $17,697
    VILLAGE CAPITAL MORTGAGE 7 6.52% $12,706
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 5.98% $18,125
    AMERICAN PACIFIC MORTGAGE CORPORATION 7 6.70% $15,075
    SUN WEST MORTGAGE COMPANY, INC. 7 5.86% $21,907
    AMERISAVE MORTGAGE CORPORATION 7 6.27% $15,478
    TOWNE MORTGAGE COMPANY 6 6.25% $14,324
    HOME SOLUTION LENDERS INC. 5 5.48% $25,533
    Waterstone Mortgage Corporation 5 6.25% $14,442
    VAN DYK MORTGAGE CORPORATION 5 6.38% $8,109
    CITY FIRST MORTGAGE SERVICES, L.L.C. 5 6.70% $16,211
    SUCCESS MORTGAGE PARTNERS, INC. 5 6.15% $18,764
    South State Bank 5 6.48% $12,325
    EMBRACE HOME LOANS, INC. 5 6.50% $13,940
    Hancock Whitney Bank 5 5.98% $15,401
    HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.28% $19,031
    HOMEOWNERS FINANCIAL GROUP USA, LLC 5 6.55% $14,868
    PLANET HOME LENDING, LLC 5 6.35% $13,604
    MICHIGAN MUTUAL, INC. 5 6.35% $19,992
    Granite Community Bank 4 6.13% $15,497
    INTELLILOAN, INC. 4 6.28% $6,226
    GEO-CORP, INC. 4 8.25% $19,787
    FIRST COLONY MORTGAGE CORPORATION 4 6.28% $15,876
    Sierra Pacific Mortgage Company, Inc. 4 6.56% $14,872
    STOCKTON MORTGAGE CORPORATION 4 6.50% $14,966
    U.S. Bank 4 6.03% $14,906
    OPEN MORTGAGE, LLC 4 6.84% $16,329
    ABSOLUTE HOME MORTGAGE CORPORATION 4 6.44% $15,532
    MILEND, INC. 4 6.19% $19,944
    American Mortgage & Equity Consultants, Inc. 4 5.84% $18,547
    MY MORTGAGE, INC. 3 7.21% $15,415
    Cornerstone First Mortgage, Inc 3 6.75% $12,306
    The Federal Savings Bank 3 6.50% $15,946
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 7.04% $19,215
    Truist 3 6.35% $8,970
    First Option Mortgage, LLC 3 6.79% $14,970
    SeaTrust Mortgage Company 3 6.88% $10,485
    FIRST HOME MORTGAGE CORPORATION 3 6.38% $18,602
    CALCON MUTUAL MORTGAGE LLC 3 6.42% $14,923
    Residential Acceptance Corporation 3 7.21% $15,048
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.75% $13,001
    LAKE MICHIGAN CREDIT UNION 3 5.96% $11,927
    LEADERONE FINANCIAL CORPORATION 2 6.75% $16,623
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.69% $16,872
    AXIA FINANCIAL, LLC 2 7.00% $17,128
    Bank of America 2 6.25% $8,722
    Bell Bank 2 6.25% $14,834
    BETTER MORTGAGE CORPORATION 2 5.25% $12,250
    EMM LOANS LLC 2 6.81% $12,137
    First Federal Bank 2 6.00% $15,793
    GENEVA FINANCIAL, LLC 2 6.63% $16,539
    HOMESTEAD FUNDING CORP. 2 6.63% $14,166
    Hometown Equity Mortgage, LLC 2 5.94% $14,132
    Lakeview Community Capital, LLC 2 6.12% $10,357
    1ST FINANCIAL, INC. 2 7.19% $16,661
    Mortgage Lenders Investment Trading Corporation 2 7.00% $14,647
    NATIONWIDE MORTGAGE BANKERS, INC. 2 6.50% $13,360
    NORWICH COMMERCIAL GROUP, INC. 2 6.13% $6,442
    NP, Inc. 2 6.63% $14,787
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 6.31% $13,195
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.63% $11,504
    Premium Mortgage Corporation 2 6.81% $11,336
    Prosperity Home Mortgage, LLC 2 6.38% $17,001
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 6.50% $14,684
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.06% $19,949
    THE EQUITABLE MORTGAGE CORPORATION 2 6.38% $11,213
    TOP FLITE FINANCIAL, INC. 2 6.50% $23,598
    UNITED MORTGAGE CORP 2 6.38% $18,517
    AMERITRUST MORTGAGE CORPORATION 1 7.25% $21,097
    MORTGAGE EQUITY PARTNERS LLC 1 7.13% $26,265
    MORTGAGE 1 INCORPORATED 1 5.63% $13,052
    PARK SQUARE HOME MORTGAGE, LLC 1 4.99% $14,045
    Midwest Mortgage Associates Corporation 1 7.13% $5,438
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $16,255
    Mid-Continent Funding, Inc. 1 7.13% $12,524
    LOANLEADERS OF AMERICA, INC. 1 5.88% $16,553
    LAND HOME FINANCIAL SERVICES, INC. 1 6.50% $17,028
    POLARIS HOME FUNDING CORP. 1 5.88% $23,453
    AmeriHome Mortgage Company, LLC 1 7.63% $9,653
    AMERICAN FINANCING CORPORATION 1 7.13% $11,747
    Presidential Bank, FSB 1 5.75% $15,765
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.75% $10,765
    LADERA LENDING, INC. 1 6.50% $13,142
    ALKAN MORTGAGE CORPORATION 1 6.75% $15,246
    JMJ FINANCIAL GROUP 1 6.25% $10,095
    INTERCOASTAL MORTGAGE COMPANY 1 6.25% $13,903
    RADIUS FINANCIAL GROUP INC. 1 6.75% $11,372
    HOMESPIRE MORTGAGE CORPORATION 1 6.75% $20,912
    HARBORONE MORTGAGE, LLC 1 6.63% $13,205
    Victorian Finance, LLC 1 6.88% $19,745
    RUOFF MORTGAGE COMPANY, INC. 1 6.00% $7,414
    S1L, Inc. 1 7.25% $8,314
    First National Bank Texas 1 5.50% $11,565
    Alcova Mortgage LLC 1 6.25% $8,391
    Semper Home Loans, Inc. 1 5.75% $18,053
    Fidelity Bank 1 7.00% $11,717
    EQUITY RESOURCES, INC. 1 6.75% $9,242
    East Coast Capital Corp. 1 6.38% $12,063
    Stifel Bank and Trust 1 6.75% $8,307
    DIRECT MORTGAGE LOANS, LLC 1 7.13% $18,006
    Strong Home Mortgage, LLC 1 5.75% $13,218
    DAS Acquisition Company, LLC 1 7.13% $15,754
    COMPASS MORTGAGE, INC. 1 6.75% $12,971
    CLIFFCO, INC. 1 6.75% $16,854
    CHURCHILL MORTGAGE CORPORATION 1 5.25% $15,533
    Acre Mortgage and Financial Inc 1 6.13% $14,048
    Centennial Bank 1 6.25% $10,163
    BECKAM FUNDING CORP. 1 7.75% $19,746
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.25% $13,249
    The Union Bank Company 1 6.25% $8,655
    BAY EQUITY LLC 1 6.25% $11,734
    Wells Fargo Bank 1 6.25% $12,034
    TOTAL MORTGAGE SERVICES, LLC 1 6.13% $14,318
    Towne Bank 1 6.63% $13,973
    Bank OZK 1 6.13% $13,745
    TruHome Solutions, LLC 1 6.13% $11,694
    Arvest Bank 1 5.50% $10,759
    UNION CAPITAL MORTGAGE CORPORATION 1 5.63% $23,911
    NEW DAY FINANCIAL, LLC 1 7.63% $5,864
    NEW FED MORTGAGE, CORP. 1 7.13% $12,045
    NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $32,046
    NBKC BANK 1 6.63% $11,762
    NORTHPOINT MORTGAGE, INC. 1 5.75% $10,614
    AmRes Corporation 1 6.25% $14,451
    ACHIEVA CREDIT UNION 1 6.13% $11,616
    NATIONS DIRECT MORTGAGE, LLC 1 6.13% $36,333
    OCEANSIDE MORTGAGE COMPANY 1 6.25% $4,839
    OCMBC, INC. 1 6.75% $13,666
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $11,661

    The top North Port FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 315 FHA loans originated. Their average total fees are $10,409, which is $5,313 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee North Port FHA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($8,399), South Pacific Financial Corporation ($9,113), INSPIRE HOME LOANS INC. ($10,011), LAKEVIEW LOAN SERVICING, LLC ($10,235) and DHI MORTGAGE COMPANY, LTD. ($10,409).

    The lowest rate North Port FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.68%), INSPIRE HOME LOANS INC. (4.82%), DHI MORTGAGE COMPANY, LTD. (5.10%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.20%) and PULTE MORTGAGE LLC (5.22%).

    North Port FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    NORTH PORT-SARASOTA-BRADENTON, FL MANATEE 2022 $420,680 $538,650 $651,050 $809,150
    NORTH PORT-SARASOTA-BRADENTON, FL SARASOTA 2022 $420,680 $538,650 $651,050 $809,150
    NORTH PORT-SARASOTA-BRADENTON, FL MANATEE 2023 $506,000 $647,750 $783,000 $973,100
    NORTH PORT-SARASOTA-BRADENTON, FL SARASOTA 2023 $506,000 $647,750 $783,000 $973,100

    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).