Aberdeen FHA Loan Rates, Closing Costs & Stats
Aberdeen, WA
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.
Aberdeen's 72 lenders originated 367 FHA loans during 2022. The total origination value was $95,375,000, with an average FHA loan value of $259,877.
Aberdeen FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Aberdeen
averaged
-0.32%
for the week of 2023-11-24, compared to the national average (all FHA variants) of
0% for the same period.
Aberdeen's average FHA mortgage closing costs are $8,541.
The average rate for the prior week (2023-11-17) was
7.08% and
one month ago for the week of 2023-10-20, the
average rate was 6.98%.
The average rate one year ago was 6.31%.
For refis of the same type during the week of 2023-11-24, the average rate
was -0.98%.
Aberdeen 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 Aberdeen level.
The top Aberdeen FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
49 FHA loans originated. Their average total fees are
$12,153, which is $1,572
higher than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Aberdeen FHA lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($10,582), QUICKEN LOANS, LLC ($10,687), GUILD MORTGAGE COMPANY ($12,153), ACADEMY MORTGAGE CORPORATION ($13,230) and .
The lowest rate Aberdeen FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (4.38%), ACADEMY MORTGAGE CORPORATION (5.43%), GUILD MORTGAGE COMPANY (5.44%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (5.51%) and .
Aberdeen FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
ABERDEEN, WA | GRAYS HARBOR | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
ABERDEEN, WA | GRAYS HARBOR | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Aberdeen (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $211,175 (22.3%) | $250,115 (17.0%) | 0.00 | 290 |
2018-02-01 | $218,625 (21.2%) | $258,403 (19.4%) | 0.00 | 285 |
2018-03-01 | $219,450 (19.1%) | $258,236 (16.0%) | 0.00 | 297 |
2018-04-01 | $217,975 (14.8%) | $254,980 (13.3%) | 0.00 | 310 |
2018-05-01 | $222,500 (12.8%) | $253,732 (9.3%) | 0.00 | 327 |
2018-06-01 | $220,950 (13.3%) | $259,299 (12.6%) | 0.00 | 376 |
2018-07-01 | $222,450 (11.3%) | $263,212 (13.3%) | 0.00 | 412 |
2018-08-01 | $224,900 (12.5%) | $269,044 (16.3%) | 0.00 | 411 |
2018-09-01 | $229,900 (15.0%) | $274,161 (15.5%) | 0.00 | 398 |
2018-10-01 | $233,700 (15.4%) | $270,868 (10.5%) | 0.00 | 380 |
2018-11-01 | $231,875 (12.2%) | $264,402 (6.3%) | 0.00 | 357 |
2018-12-01 | $227,500 (13.8%) | $260,714 (6.7%) | 0.00 | 322 |
2019-01-01 | $228,400 (8.2%) | $261,024 (4.4%) | 0.00 | 271 |
2019-02-01 | $230,625 (5.5%) | $265,159 (2.6%) | 0.00 | 274 |
2019-03-01 | $236,386 (7.7%) | $273,092 (5.8%) | 0.00 | 283 |
2019-04-01 | $245,575 (12.7%) | $284,749 (11.7%) | 0.00 | 294 |
2019-05-01 | $250,925 (12.8%) | $299,607 (18.1%) | 0.00 | 293 |
2019-06-01 | $244,000 (10.4%) | $288,103 (11.1%) | 0.00 | 334 |
2019-07-01 | $247,000 (11.0%) | $292,809 (11.2%) | 0.00 | 373 |
2019-08-01 | $246,955 (9.8%) | $290,665 (8.0%) | 0.00 | 387 |
2019-09-01 | $243,886 (6.1%) | $284,888 (3.9%) | 0.00 | 394 |
2019-10-01 | $240,750 (3.0%) | $279,150 (3.1%) | 0.00 | 393 |
2019-11-01 | $247,500 (6.7%) | $277,023 (4.8%) | 0.00 | 356 |
2019-12-01 | $244,920 (7.7%) | $266,975 (2.4%) | 0.00 | 318 |
2020-01-01 | $244,950 (7.3%) | $268,658 (2.9%) | 0.00 | 295 |
2020-02-01 | $245,900 (6.6%) | $265,533 (0.1%) | 0.00 | 280 |
2020-03-01 | $249,700 (5.6%) | $271,197 (-0.7%) | 0.00 | 275 |
2020-04-01 | $255,913 (4.2%) | $279,665 (-1.8%) | 0.00 | 275 |
2020-05-01 | $259,000 (3.2%) | $282,140 (-5.8%) | 0.00 | 266 |
2020-06-01 | $263,800 (8.1%) | $292,119 (1.4%) | 0.00 | 250 |
2020-07-01 | $265,000 (7.3%) | $301,461 (3.0%) | 0.00 | 258 |
2020-08-01 | $262,500 (6.3%) | $307,697 (5.9%) | 0.00 | 251 |
2020-09-01 | $262,500 (7.6%) | $322,154 (13.1%) | 0.00 | 233 |
2020-10-01 | $266,250 (10.6%) | $331,807 (18.9%) | 0.00 | 209 |
2020-11-01 | $274,450 (10.9%) | $355,326 (28.3%) | 0.00 | 139 |
2020-12-01 | $284,900 (16.3%) | $365,565 (36.9%) | 0.00 | 123 |
2021-01-01 | $284,450 (16.1%) | $374,981 (39.6%) | 0.00 | 88 |
2021-02-01 | $286,725 (16.6%) | $384,803 (44.9%) | 0.00 | 82 |
2021-03-01 | $287,450 (15.1%) | $369,020 (36.1%) | 0.00 | 85 |
2021-04-01 | $304,725 (19.1%) | $375,025 (34.1%) | 0.00 | 83 |
2021-05-01 | $349,000 (34.8%) | $404,953 (43.5%) | 0.00 | 120 |
2021-06-01 | $369,900 (40.2%) | $432,113 (47.9%) | 0.00 | 142 |
2021-07-01 | $350,000 (32.1%) | $414,109 (37.4%) | 0.00 | 186 |
2021-08-01 | $359,725 (37.0%) | $429,415 (39.6%) | 0.00 | 198 |
2021-09-01 | $362,500 (38.1%) | $430,809 (33.7%) | 0.00 | 211 |
2021-10-01 | $382,450 (43.6%) | $439,837 (32.6%) | 0.00 | 192 |
2021-11-01 | $381,225 (38.9%) | $428,253 (20.5%) | 0.00 | 166 |
2021-12-01 | $384,475 (35.0%) | $422,335 (15.5%) | 0.00 | 151 |
2022-01-01 | $389,000 (36.8%) | $419,102 (11.8%) | 0.00 | 134 |
2022-02-01 | $390,975 (36.4%) | $419,436 (9.0%) | 0.00 | 131 |
2022-03-01 | $404,800 (40.8%) | $455,395 (23.4%) | 0.00 | 153 |
2022-04-01 | $419,900 (37.8%) | $468,138 (24.8%) | 0.00 | 157 |
2022-05-01 | $406,175 (16.4%) | $451,880 (11.6%) | 0.00 | 199 |
2022-06-01 | $411,950 (11.4%) | $453,658 (5.0%) | 0.00 | 262 |
2022-07-01 | $405,000 (15.7%) | $449,331 (8.5%) | 0.00 | 345 |
2022-08-01 | $399,999 (11.2%) | $446,820 (4.1%) | 0.00 | 357 |
2022-09-01 | $399,450 (10.2%) | $438,597 (1.8%) | 0.00 | 346 |
2022-10-01 | $395,900 (3.5%) | $425,327 (-3.3%) | 0.00 | 331 |
2022-11-01 | $389,000 (2.0%) | $405,943 (-5.2%) | 0.00 | 288 |
2022-12-01 | $399,000 (3.8%) | $411,132 (-2.7%) | 0.00 | 245 |
2023-01-01 | $399,900 (2.8%) | $422,443 (0.8%) | 0.00 | 235 |
2023-02-01 | $399,962 (2.3%) | $421,462 (0.5%) | 0.00 | 219 |
2023-03-01 | $412,500 (1.9%) | $440,905 (-3.2%) | 0.00 | 213 |
2023-04-01 | $410,000 (-2.4%) | $448,393 (-4.2%) | 0.00 | 216 |
2023-05-01 | $410,000 (0.9%) | $445,827 (-1.3%) | 0.00 | 240 |
2023-06-01 | $415,475 (0.9%) | $466,707 (2.9%) | 0.00 | 273 |
2023-07-01 | $419,000 (3.5%) | $500,301 (11.3%) | 0.00 | 328 |
2023-08-01 | $407,438 (1.9%) | $487,050 (9.0%) | 0.00 | 341 |
2023-09-01 | $419,000 (4.9%) | $488,356 (11.4%) | 0.00 | 324 |
2023-10-01 | $419,950 (6.1%) | $495,146 (16.4%) | 0.00 | 316 |
Aberdeen's median listing price comes in at 0% of the national average.
Aberdeen's average listing price for 2023-10-01 was $495,146, a difference of $69,819 (16.4%) versus the prior year and $6,790 versus the prior month.
For the 2023-10-01 period, Aberdeen had 316 MLS listings, a difference of -8 listings (-2%) versus the prior month and -15 listings (-5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Aberdeen (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,499 sqft |
2018-02-01 | 0 days | 1,514 sqft |
2018-03-01 | 0 days | 1,506 sqft |
2018-04-01 | 0 days | 1,479 sqft |
2018-05-01 | 0 days | 1,504 sqft |
2018-06-01 | 0 days | 1,516 sqft |
2018-07-01 | 0 days | 1,489 sqft |
2018-08-01 | 0 days | 1,534 sqft |
2018-09-01 | 0 days | 1,553 sqft |
2018-10-01 | 0 days | 1,544 sqft |
2018-11-01 | 0 days | 1,501 sqft |
2018-12-01 | 0 days | 1,490 sqft |
2019-01-01 | 0 days | 1,488 sqft |
2019-02-01 | 0 days | 1,505 sqft |
2019-03-01 | 0 days | 1,510 sqft |
2019-04-01 | 0 days | 1,509 sqft |
2019-05-01 | 0 days | 1,496 sqft |
2019-06-01 | 0 days | 1,467 sqft |
2019-07-01 | 0 days | 1,488 sqft |
2019-08-01 | 0 days | 1,501 sqft |
2019-09-01 | 0 days | 1,521 sqft |
2019-10-01 | 0 days | 1,510 sqft |
2019-11-01 | 0 days | 1,491 sqft |
2019-12-01 | 0 days | 1,456 sqft |
2020-01-01 | 0 days | 1,466 sqft |
2020-02-01 | 0 days | 1,456 sqft |
2020-03-01 | 0 days | 1,416 sqft |
2020-04-01 | 0 days | 1,417 sqft |
2020-05-01 | 0 days | 1,440 sqft |
2020-06-01 | 0 days | 1,456 sqft |
2020-07-01 | 0 days | 1,479 sqft |
2020-08-01 | 0 days | 1,507 sqft |
2020-09-01 | 0 days | 1,517 sqft |
2020-10-01 | 0 days | 1,527 sqft |
2020-11-01 | 0 days | 1,434 sqft |
2020-12-01 | 0 days | 1,445 sqft |
2021-01-01 | 0 days | 1,440 sqft |
2021-02-01 | 0 days | 1,499 sqft |
2021-03-01 | 0 days | 1,487 sqft |
2021-04-01 | 0 days | 1,546 sqft |
2021-05-01 | 0 days | 1,527 sqft |
2021-06-01 | 0 days | 1,513 sqft |
2021-07-01 | 0 days | 1,532 sqft |
2021-08-01 | 0 days | 1,543 sqft |
2021-09-01 | 0 days | 1,504 sqft |
2021-10-01 | 0 days | 1,520 sqft |
2021-11-01 | 0 days | 1,483 sqft |
2021-12-01 | 0 days | 1,489 sqft |
2022-01-01 | 0 days | 1,416 sqft |
2022-02-01 | 0 days | 1,364 sqft |
2022-03-01 | 0 days | 1,444 sqft |
2022-04-01 | 0 days | 1,444 sqft |
2022-05-01 | 0 days | 1,454 sqft |
2022-06-01 | 0 days | 1,442 sqft |
2022-07-01 | 0 days | 1,472 sqft |
2022-08-01 | 0 days | 1,487 sqft |
2022-09-01 | 0 days | 1,484 sqft |
2022-10-01 | 0 days | 1,484 sqft |
2022-11-01 | 0 days | 1,457 sqft |
2022-12-01 | 0 days | 1,440 sqft |
2023-01-01 | 0 days | 1,436 sqft |
2023-02-01 | 0 days | 1,461 sqft |
2023-03-01 | 0 days | 1,438 sqft |
2023-04-01 | 0 days | 1,484 sqft |
2023-05-01 | 0 days | 1,477 sqft |
2023-06-01 | 0 days | 1,522 sqft |
2023-07-01 | 0 days | 1,500 sqft |
2023-08-01 | 0 days | 1,514 sqft |
2023-09-01 | 0 days | 1,509 sqft |
2023-10-01 | 0 days | 1,492 sqft |
Aberdeen's median square footage for active listings during the 2023-10-01 period was 1,492 sqft. One year prior, the average listing was 1,484 sqft.