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 293 FHA loans during 2023. The total origination value was $81,755,000, with an average FHA loan value of $279,027.
Aberdeen FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Aberdeen
averaged
5.88%
for the week of 2024-10-04, compared to the national average (all FHA variants) of
5.885% for the same period.
Aberdeen's average FHA mortgage closing costs are $9,106.
The average rate for the prior week (2024-09-27) was
6.17% and
one month ago for the week of 2024-08-30, the
average rate was 6.23%.
The average rate one year ago was 7.47%.
For refis of the same type during the week of 2024-10-04, the average rate
was 6.09%.
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
40 FHA loans originated. Their average total fees are
$12,528, which is $25
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Aberdeen FHA lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY ($12,528), QUICKEN LOANS, LLC ($12,553), AMERICAN PACIFIC MORTGAGE CORPORATION ($12,902), UNITED WHOLESALE MORTGAGE, LLC ($13,793) and ACADEMY MORTGAGE CORPORATION ($14,502).
The lowest rate Aberdeen FHA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.02%), QUICKEN LOANS, LLC (6.07%), AMERICAN PACIFIC MORTGAGE CORPORATION (6.41%), ACADEMY MORTGAGE CORPORATION (6.58%) and GUILD MORTGAGE COMPANY (6.78%).
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 | $209,900 (22.8%) | $249,846 (17.3%) | 0.00 | 293 |
2018-02-01 | $217,625 (21.3%) | $258,065 (19.7%) | 0.00 | 286 |
2018-03-01 | $217,900 (19.4%) | $257,528 (16.1%) | 0.00 | 299 |
2018-04-01 | $217,250 (14.5%) | $254,314 (13.4%) | 0.00 | 313 |
2018-05-01 | $222,475 (14.1%) | $253,062 (9.4%) | 0.00 | 329 |
2018-06-01 | $220,000 (12.8%) | $258,524 (12.6%) | 0.00 | 379 |
2018-07-01 | $222,100 (11.2%) | $262,451 (13.3%) | 0.00 | 415 |
2018-08-01 | $224,450 (12.3%) | $268,013 (16.1%) | 0.00 | 415 |
2018-09-01 | $229,450 (14.7%) | $272,843 (15.0%) | 0.00 | 402 |
2018-10-01 | $233,500 (16.8%) | $270,422 (10.6%) | 0.00 | 382 |
2018-11-01 | $232,500 (15.0%) | $264,200 (6.3%) | 0.00 | 359 |
2018-12-01 | $228,200 (14.2%) | $260,684 (6.8%) | 0.00 | 323 |
2019-01-01 | $229,225 (9.2%) | $260,987 (4.5%) | 0.00 | 272 |
2019-02-01 | $230,750 (6.0%) | $265,108 (2.7%) | 0.00 | 275 |
2019-03-01 | $235,247 (8.0%) | $272,593 (5.9%) | 0.00 | 285 |
2019-04-01 | $243,871 (12.3%) | $283,600 (11.5%) | 0.00 | 298 |
2019-05-01 | $249,725 (12.3%) | $298,314 (17.9%) | 0.00 | 298 |
2019-06-01 | $243,250 (10.6%) | $287,212 (11.1%) | 0.00 | 337 |
2019-07-01 | $246,500 (11.0%) | $291,957 (11.2%) | 0.00 | 376 |
2019-08-01 | $246,182 (9.7%) | $289,747 (8.1%) | 0.00 | 391 |
2019-09-01 | $242,705 (5.8%) | $283,956 (4.1%) | 0.00 | 397 |
2019-10-01 | $240,000 (2.8%) | $278,196 (2.9%) | 0.00 | 396 |
2019-11-01 | $246,250 (5.9%) | $275,780 (4.4%) | 0.00 | 360 |
2019-12-01 | $244,920 (7.3%) | $266,857 (2.4%) | 0.00 | 322 |
2020-01-01 | $244,950 (6.9%) | $268,603 (2.9%) | 0.00 | 299 |
2020-02-01 | $245,900 (6.6%) | $265,500 (0.2%) | 0.00 | 284 |
2020-03-01 | $249,700 (6.1%) | $271,373 (-0.5%) | 0.00 | 279 |
2020-04-01 | $257,413 (5.6%) | $280,692 (-1.0%) | 0.00 | 277 |
2020-05-01 | $259,450 (3.9%) | $282,511 (-5.3%) | 0.00 | 267 |
2020-06-01 | $263,700 (8.4%) | $291,338 (1.4%) | 0.00 | 250 |
2020-07-01 | $265,000 (7.5%) | $301,090 (3.1%) | 0.00 | 260 |
2020-08-01 | $260,000 (5.6%) | $307,026 (6.0%) | 0.00 | 254 |
2020-09-01 | $263,500 (8.6%) | $322,567 (13.6%) | 0.00 | 235 |
2020-10-01 | $265,000 (10.4%) | $331,151 (19.0%) | 0.00 | 210 |
2020-11-01 | $273,450 (11.1%) | $354,169 (28.4%) | 0.00 | 140 |
2020-12-01 | $283,675 (15.8%) | $364,189 (36.5%) | 0.00 | 124 |
2021-01-01 | $279,000 (13.9%) | $373,342 (39.0%) | 0.00 | 90 |
2021-02-01 | $282,175 (14.8%) | $382,773 (44.2%) | 0.00 | 83 |
2021-03-01 | $286,450 (14.7%) | $366,032 (34.9%) | 0.00 | 87 |
2021-04-01 | $302,250 (17.4%) | $372,982 (32.9%) | 0.00 | 84 |
2021-05-01 | $349,000 (34.5%) | $404,953 (43.3%) | 0.00 | 120 |
2021-06-01 | $369,900 (40.3%) | $431,286 (48.0%) | 0.00 | 142 |
2021-07-01 | $349,950 (32.1%) | $414,109 (37.5%) | 0.00 | 186 |
2021-08-01 | $356,000 (36.9%) | $428,724 (39.6%) | 0.00 | 200 |
2021-09-01 | $362,500 (37.6%) | $429,842 (33.3%) | 0.00 | 212 |
2021-10-01 | $384,900 (45.3%) | $442,955 (33.8%) | 0.00 | 194 |
2021-11-01 | $382,450 (39.9%) | $431,039 (21.7%) | 0.00 | 167 |
2021-12-01 | $384,700 (35.6%) | $425,404 (16.8%) | 0.00 | 152 |
2022-01-01 | $389,000 (39.4%) | $423,175 (13.4%) | 0.00 | 135 |
2022-02-01 | $392,350 (39.0%) | $423,691 (10.7%) | 0.00 | 132 |
2022-03-01 | $406,150 (41.8%) | $459,141 (25.4%) | 0.00 | 156 |
2022-04-01 | $424,900 (40.6%) | $471,830 (26.5%) | 0.00 | 160 |
2022-05-01 | $407,400 (16.7%) | $454,197 (12.2%) | 0.00 | 203 |
2022-06-01 | $412,210 (11.4%) | $454,692 (5.4%) | 0.00 | 267 |
2022-07-01 | $405,000 (15.7%) | $450,110 (8.7%) | 0.00 | 348 |
2022-08-01 | $399,999 (12.4%) | $446,996 (4.3%) | 0.00 | 360 |
2022-09-01 | $399,450 (10.2%) | $438,494 (2.0%) | 0.00 | 349 |
2022-10-01 | $399,000 (3.7%) | $425,631 (-3.9%) | 0.00 | 335 |
2022-11-01 | $388,972 (1.7%) | $405,991 (-5.8%) | 0.00 | 292 |
2022-12-01 | $397,000 (3.2%) | $411,105 (-3.4%) | 0.00 | 250 |
2023-01-01 | $399,900 (2.8%) | $422,895 (-0.1%) | 0.00 | 240 |
2023-02-01 | $399,987 (2.0%) | $421,591 (-0.5%) | 0.00 | 223 |
2023-03-01 | $413,750 (1.9%) | $442,334 (-3.7%) | 0.00 | 217 |
2023-04-01 | $410,000 (-3.5%) | $451,468 (-4.3%) | 0.00 | 220 |
2023-05-01 | $411,250 (1.0%) | $447,237 (-1.5%) | 0.00 | 243 |
2023-06-01 | $415,475 (0.8%) | $466,674 (2.6%) | 0.00 | 275 |
2023-07-01 | $419,000 (3.5%) | $499,938 (11.1%) | 0.00 | 330 |
2023-08-01 | $407,450 (1.9%) | $486,731 (8.9%) | 0.00 | 343 |
2023-09-01 | $419,000 (4.9%) | $488,356 (11.4%) | 0.00 | 325 |
2023-10-01 | $419,950 (5.3%) | $495,146 (16.3%) | 0.00 | 316 |
2023-11-01 | $409,450 (5.3%) | $482,498 (18.8%) | 0.00 | 336 |
2023-12-01 | $405,000 (2.0%) | $476,164 (15.8%) | 0.00 | 303 |
2024-01-01 | $399,900 (0.0%) | $459,703 (8.7%) | 0.00 | 276 |
2024-02-01 | $399,450 (-0.1%) | $460,645 (9.3%) | 0.00 | 246 |
2024-03-01 | $401,800 (-2.9%) | $466,220 (5.4%) | 0.00 | 266 |
2024-04-01 | $418,450 (2.1%) | $484,244 (7.3%) | 0.00 | 313 |
2024-05-01 | $415,950 (1.1%) | $482,553 (7.9%) | 0.00 | 393 |
2024-06-01 | $419,900 (1.1%) | $488,271 (4.6%) | 0.00 | 417 |
2024-07-01 | $419,425 (0.1%) | $494,134 (-1.2%) | 0.00 | 462 |
2024-08-01 | $417,500 (2.5%) | $477,497 (-1.9%) | 0.00 | 482 |
2024-09-01 | $413,750 (-1.3%) | $477,958 (-2.1%) | 0.00 | 471 |
Aberdeen's median listing price comes in at 0% of the national average.
Aberdeen's average listing price for 2024-09-01 was $477,958, a difference of $-10,398 (-2.1%) versus the prior year and $461 versus the prior month.
For the 2024-09-01 period, Aberdeen had 471 MLS listings, a difference of -11 listings (-2%) versus the prior month and 146 listings (45%) 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 | 1,509 sqft |
2018-02-01 | 0 days | 1,517 sqft |
2018-03-01 | 0 days | 1,509 sqft |
2018-04-01 | 0 days | 1,478 sqft |
2018-05-01 | 0 days | 1,500 sqft |
2018-06-01 | 0 days | 1,516 sqft |
2018-07-01 | 0 days | 1,487 sqft |
2018-08-01 | 0 days | 1,533 sqft |
2018-09-01 | 0 days | 1,545 sqft |
2018-10-01 | 0 days | 1,543 sqft |
2018-11-01 | 0 days | 1,499 sqft |
2018-12-01 | 0 days | 1,489 sqft |
2019-01-01 | 0 days | 1,487 sqft |
2019-02-01 | 0 days | 1,502 sqft |
2019-03-01 | 0 days | 1,505 sqft |
2019-04-01 | 0 days | 1,504 sqft |
2019-05-01 | 0 days | 1,491 sqft |
2019-06-01 | 0 days | 1,465 sqft |
2019-07-01 | 0 days | 1,488 sqft |
2019-08-01 | 0 days | 1,500 sqft |
2019-09-01 | 0 days | 1,519 sqft |
2019-10-01 | 0 days | 1,508 sqft |
2019-11-01 | 0 days | 1,491 sqft |
2019-12-01 | 0 days | 1,463 sqft |
2020-01-01 | 0 days | 1,469 sqft |
2020-02-01 | 0 days | 1,470 sqft |
2020-03-01 | 0 days | 1,419 sqft |
2020-04-01 | 0 days | 1,419 sqft |
2020-05-01 | 0 days | 1,440 sqft |
2020-06-01 | 0 days | 1,462 sqft |
2020-07-01 | 0 days | 1,484 sqft |
2020-08-01 | 0 days | 1,520 sqft |
2020-09-01 | 0 days | 1,517 sqft |
2020-10-01 | 0 days | 1,528 sqft |
2020-11-01 | 0 days | 1,425 sqft |
2020-12-01 | 0 days | 1,445 sqft |
2021-01-01 | 0 days | 1,434 sqft |
2021-02-01 | 0 days | 1,498 sqft |
2021-03-01 | 0 days | 1,478 sqft |
2021-04-01 | 0 days | 1,524 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 | 1,534 sqft |
2021-09-01 | 0 days | 1,502 sqft |
2021-10-01 | 0 days | 1,518 sqft |
2021-11-01 | 0 days | 1,486 sqft |
2021-12-01 | 0 days | 1,490 sqft |
2022-01-01 | 0 days | 1,425 sqft |
2022-02-01 | 0 days | 1,375 sqft |
2022-03-01 | 0 days | 1,445 sqft |
2022-04-01 | 0 days | 1,440 sqft |
2022-05-01 | 0 days | 1,450 sqft |
2022-06-01 | 0 days | 1,428 sqft |
2022-07-01 | 0 days | 1,468 sqft |
2022-08-01 | 0 days | 1,487 sqft |
2022-09-01 | 0 days | 1,486 sqft |
2022-10-01 | 0 days | 1,488 sqft |
2022-11-01 | 0 days | 1,460 sqft |
2022-12-01 | 0 days | 1,446 sqft |
2023-01-01 | 0 days | 1,448 sqft |
2023-02-01 | 0 days | 1,476 sqft |
2023-03-01 | 0 days | 1,461 sqft |
2023-04-01 | 0 days | 1,491 sqft |
2023-05-01 | 0 days | 1,484 sqft |
2023-06-01 | 0 days | 1,523 sqft |
2023-07-01 | 0 days | 1,500 sqft |
2023-08-01 | 0 days | 1,514 sqft |
2023-09-01 | 0 days | 1,512 sqft |
2023-10-01 | 0 days | 1,492 sqft |
2023-11-01 | 0 days | 1,484 sqft |
2023-12-01 | 0 days | 1,490 sqft |
2024-01-01 | 0 days | 1,489 sqft |
2024-02-01 | 0 days | 1,489 sqft |
2024-03-01 | 0 days | 1,495 sqft |
2024-04-01 | 0 days | 1,497 sqft |
2024-05-01 | 0 days | 1,491 sqft |
2024-06-01 | 0 days | 1,488 sqft |
2024-07-01 | 0 days | 1,492 sqft |
2024-08-01 | 0 days | 1,498 sqft |
2024-09-01 | 0 days | 1,503 sqft |
Aberdeen's median square footage for active listings during the 2024-09-01 period was 1,503 sqft. One year prior, the average listing was 1,512 sqft.