Pennsylvania Home Buyer

FHA loan calculator for Pennsylvania

House with sold signWhat are the benefits of an FHA mortgage?

The down payment for an FHA home loan is only 3.5%. The seller is permitted to pay a percentage of the buyer's closing costs, no reserve requirements. This means that the Federal Housing Administration does not require you to have some "extra" cash in the bank after closing. The credit score requirement is lower with an FHA mortgage than other home loans.

Are FHA home loans only for first time home buyers?

No, the FHA home loan is available to first time home buyers or home buyers who have previously owned a home.

Did you know that there are maximum loan limits with FHA mortgages? It's true.

Use the FHA mortgage calculator for the FHA loan with pmi

FHA Mortgage Calculator | FHA Interest Rates | 2015 FHA Loan Limits |

Pennsylvania FHA Mortgage Calculator
 
           
 
  PA County  
 
  Sales Price  
 
  Number of Living Units  
 
  Down Payment
 
  Term  
 
 
 
  County Limit    
 
  Base Mortgage Amount  
  FHA Funding Fee (UFMIP) +  
  Mortgage Amount (Final) =  
 
 
Monthly Mortgage Payment
  Principal & Interest    
  Annual Real Estate Taxes    
  Annual Homeowners Insurance    
  Other  
  FHA MIP      
  MONTHLY MORTGAGE PAYMENT =  
 
 
Term > 15 Years
  Base Loan Amount LTV Effective   Annual MIP  
≤ $625,500 ≤ 95.00% 4/1/2013   1.30%  
≤ $625,500 > 95.00% 4/1/2013   1.35%  
> $625,500 ≤ 95.00% 4/1/2013   1.50%  
> $625,500 > 95.00% 4/1/2013   1.55%  
Term ≤ 15 Years with LTV above 78%
  Base Loan Amount LTV Effective   Annual MIP  
Any loan amount < 78.00% 6/3/2013   0.45  
≤ $625,500 78.01% - 90.00% 4/1/2013   0.45  
≤ $625,500 > 90.00% 4/1/2013   0.70  
> $625,500 78.01% - 90.00% 4/1/2013   0.70  
> $625,500 > 90.00% 4/1/2013   0.95  
 




How much does it cost to buy a house in Pennsylvania?

Use the PA mortgage calculator to estimate the down payment, closing costs and monthly payment for FHA, VA, USDA & conventional loans.Closing cost calculator


First time home buyer classes listed by county



Learn about Pennsylvania's home buying programs. Read more

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