2025 HUD guidelines · Based on local median home value · Pre-rendered committed figures
FHA MIP does not cancel like conventional PMI. For FHA loans with less than 10% down in Trumbull County, the annual MIP of approximately $75/month persists for the life of the loan. Borrowers must refinance into a conventional loan once they reach 20% equity — or put 10%+ down at origination — to eliminate MIP.
FHA eligible in Trumbull County · Estimated loan of $163,237 is within the local FHA limit of $541,287.
Safe Rate Local
Estimate your true cost of homeownership in Trumbull County with localized property taxes, insurance, and utility data.
← Back to Trumbull County HubGet a live quote priced specifically for Trumbull County using Safe Rate's engine.
Loan balance and total interest paid over 30 years.
An FHA buyer in Trumbull County, OH borrowing $163,237 (with 3.5% down on a median $169,158 home) pays an upfront mortgage insurance premium (MIP) of $2,857 — equal to 1.75% of the base loan amount. This upfront MIP is typically financed into the loan balance rather than paid at closing, increasing the total loan amount to approximately $166,094.
For a typical FHA loan in Trumbull County, OH with a base loan amount of $163,237, the annual MIP rate is 0.55% — adding approximately $75/month to the required payment. This monthly MIP is separate from principal, interest, property taxes, and homeowners insurance.
Unlike conventional PMI — which automatically cancels at 80% LTV under the Homeowners Protection Act — FHA annual MIP on loans with less than 10% down does not fall off. For FHA buyers in Trumbull County, OH putting 3.5% down, this means ongoing monthly MIP payments of approximately $75/month for the life of the loan. To eliminate MIP, borrowers must refinance into a conventional loan once they reach 20% equity, or put 10%+ down at origination (MIP then cancels after 11 years).
The 2025 FHA loan limit for Trumbull County, OH is $541,287 for a 1-unit property. A typical buyer purchasing the median-priced home here (approximately $169,158) with 3.5% down would have a base loan amount of approximately $163,237, which falls within the local FHA limit — making FHA financing an accessible option for eligible buyers.
Beyond principal and interest, FHA buyers in Trumbull County, OH with a median $169,158 home can expect approximately $1,933/yr in property taxes, $679/yr for homeowners insurance, $2,400/yr in energy utilities, and $75/mo in FHA mortgage insurance (MIP). Together, these non-P&I costs add approximately $493/month to the required payment in Trumbull County, OH.