Appleton FHA Loan Rates, Closing Costs & Stats

APPLETON, WI

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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.

    Appleton's 62 lenders originated 251 FHA loans during 2023. The total origination value was $57,555,000, with an average FHA loan value of $229,303.

    Appleton FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Appleton averaged 6.6% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Appleton's average FHA mortgage closing costs are $6,470.

    The average rate for the prior week (2025-02-07) was 6.51% and one month ago for the week of 2025-01-10, the average rate was 6.68%.

    The average rate one year ago was 6.7%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.51%.

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

    Appleton 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 Appleton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 25 6.24% $10,245
    UNITED WHOLESALE MORTGAGE, LLC 15 6.70% $9,059
    PENNYMAC LOAN SERVICES, LLC 10 6.25% $12,023
    Ixonia Bank 9 6.75% $9,515
    GUILD MORTGAGE COMPANY 9 7.18% $9,723
    LOANDEPOT.COM, LLC 8 6.53% $11,863
    U.S. Bank 8 6.81% $7,342
    Nations Lending Corporation 8 7.06% $11,745
    CROSSCOUNTRY MORTGAGE, LLC 8 6.91% $12,180
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.59% $8,971
    ENVOY MORTGAGE, LTD 8 7.08% $9,583
    GUARANTEED RATE, INC. 7 6.86% $9,584
    PRIMARY RESIDENTIAL MORTGAGE, INC. 7 7.13% $11,923
    V.I.P. MORTGAGE, INC. 7 6.46% $8,630
    Waterstone Mortgage Corporation 6 6.90% $11,525
    Carrington Mortgage Services, LLC 6 6.67% $11,944
    GSF Mortgage Corporation 6 6.88% $8,829
    Paramount Residential Mortgage Group, Inc. 4 6.34% $11,502
    NEWREZ LLC 3 6.67% $8,275
    Bank Five Nine 3 7.00% $7,957
    MOVEMENT MORTGAGE, LLC 3 6.54% $9,953
    AMERISAVE MORTGAGE CORPORATION 3 6.42% $13,819
    FREEDOM MORTGAGE CORPORATION 3 7.25% $11,111
    CHERRY CREEK MORTGAGE, LLC 3 6.67% $4,194
    Barrington Bank & Trust Company, N.A. 3 6.92% $6,540
    LAKEVIEW LOAN SERVICING, LLC 3 6.08% $10,990
    Mr. Cooper ( Nationstar Mortgage ) 3 6.42% $10,249
    Flagstar Bank, FSB 2 6.50% $9,194
    First Federal Bank 2 6.31% $5,271
    ROYAL UNITED MORTGAGE LLC 2 7.50% $16,041
    Wolfe Financial, Inc 2 7.13% $10,995
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.06% $10,625
    BROKER SOLUTIONS, INC. 2 6.75% $12,542
    CARDINAL FINANCIAL 2 6.12% $16,548
    NATIONS RELIABLE LENDING, LLC 2 7.44% $14,438
    Associated Bank 2 6.38% $5,192
    THOMPSON KANE & COMPANY, LLC 2 6.81% $8,503
    TruHome Solutions, LLC 1 5.88% $6,294
    AmeriHome Mortgage Company, LLC 1 6.63% $6,452
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $15,772
    Blackhawk Bank 1 7.75% $8,376
    Century Mortgage Company DBA Century Lending Company 1 7.75% $8,514
    CIBM Bank 1 7.63% $6,012
    Equity Prime Mortgage LLC 1 6.00% $13,084
    GUARANTEED RATE AFFINITY, LLC 1 7.25% $8,387
    HOMESTEAD FUNDING CORP. 1 7.25% $5,902
    JPMorgan Chase Bank 1 7.25% $5,203
    LIBERTY HOME MORTGAGE CORPORATION 1 6.63% $28,720
    MICHIGAN MUTUAL, INC. 1 7.63% $8,796
    MLD MORTGAGE INC. 1 6.25% $6,560
    Mortgage Research Center, LLC 1 8.25% $7,819
    NFM, INC. 1 7.38% $7,859
    Plains Commerce Bank 1 6.75% $8,136
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.75% $16,152
    RESIDENTIAL BANCORP 1 6.75% $10,683
    Sierra Pacific Mortgage Company, Inc. 1 5.63% $19,650
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $13,857
    TOP FLITE FINANCIAL, INC. 1 6.75% $10,116
    TOWNE MORTGAGE COMPANY 1 6.63% $9,400
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.63% $19,240
    UNION HOME MORTGAGE CORP. 1 6.00% $6,490
    Wells Fargo Bank 1 6.63% $5,990

    The top Appleton FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 25 FHA loans originated. Their average total fees are $10,245, which is $1,186 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Appleton FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($9,059), QUICKEN LOANS, LLC ($10,245), PENNYMAC LOAN SERVICES, LLC ($12,023), .

    The lowest rate Appleton FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.24%), PENNYMAC LOAN SERVICES, LLC (6.25%), UNITED WHOLESALE MORTGAGE, LLC (6.70%), .

    Appleton FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    APPLETON, WI CALUMET 2022 $420,680 $538,650 $651,050 $809,150
    APPLETON, WI OUTAGAMIE 2022 $420,680 $538,650 $651,050 $809,150
    APPLETON, WI CALUMET 2023 $472,030 $604,400 $730,525 $907,900
    APPLETON, WI OUTAGAMIE 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Appleton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $209,675 (16.6%) $251,937 (14.6%) 0.78 631
    2018-02-01 $216,150 (16.9%) $258,727 (15.8%) 0.78 662
    2018-03-01 $229,900 (21.1%) $271,710 (19.6%) 0.81 678
    2018-04-01 $274,650 (40.9%) $325,957 (39.9%) 0.93 395
    2018-05-01 $279,900 (42.5%) $325,747 (38.3%) 0.93 416
    2018-06-01 $275,000 (40.4%) $320,504 (36.5%) 0.92 464
    2018-07-01 $266,650 (33.4%) $311,917 (32.4%) 0.89 471
    2018-08-01 $262,400 (31.3%) $305,336 (29.0%) 0.88 477
    2018-09-01 $259,900 (33.4%) $299,425 (26.0%) 0.87 500
    2018-10-01 $249,900 (33.4%) $291,542 (24.0%) 0.85 549
    2018-11-01 $259,900 (40.0%) $291,858 (23.7%) 0.88 546
    2018-12-01 $264,900 (35.9%) $294,200 (19.6%) 0.91 501
    2019-01-01 $274,950 (31.1%) $301,285 (19.6%) 0.95 436
    2019-02-01 $279,950 (29.5%) $309,563 (19.7%) 0.95 408
    2019-03-01 $280,614 (22.1%) $307,592 (13.2%) 0.92 413
    2019-04-01 $278,114 (1.3%) $309,117 (-5.2%) 0.88 422
    2019-05-01 $272,197 (-2.8%) $306,032 (-6.1%) 0.84 415
    2019-06-01 $259,900 (-5.5%) $297,421 (-7.2%) 0.81 429
    2019-07-01 $263,200 (-1.3%) $298,132 (-4.4%) 0.82 460
    2019-08-01 $266,064 (1.4%) $298,522 (-2.2%) 0.84 476
    2019-09-01 $265,409 (2.1%) $298,836 (-0.2%) 0.85 495
    2019-10-01 $264,973 (6.0%) $299,733 (2.8%) 0.85 507
    2019-11-01 $260,000 (0.0%) $300,938 (3.1%) 0.85 481
    2019-12-01 $259,900 (-1.9%) $303,452 (3.1%) 0.87 413
    2020-01-01 $262,700 (-4.5%) $307,440 (2.0%) 0.88 362
    2020-02-01 $282,450 (0.9%) $316,273 (2.2%) 0.92 340
    2020-03-01 $290,900 (3.7%) $323,891 (5.3%) 0.91 345
    2020-04-01 $299,450 (7.7%) $325,170 (5.2%) 0.94 345
    2020-05-01 $299,950 (10.2%) $332,407 (8.6%) 0.91 310
    2020-06-01 $299,900 (15.4%) $330,045 (11.0%) 0.88 274
    2020-07-01 $299,900 (13.9%) $323,326 (8.5%) 0.87 248
    2020-08-01 $295,000 (10.9%) $321,244 (7.6%) 0.85 259
    2020-09-01 $277,350 (4.5%) $310,796 (4.0%) 0.79 257
    2020-10-01 $279,950 (5.7%) $322,255 (7.5%) 0.80 267
    2020-11-01 $299,900 (15.4%) $329,032 (9.3%) 0.88 252
    2020-12-01 $292,450 (12.5%) $316,461 (4.3%) 0.87 241
    2021-01-01 $299,900 (14.2%) $335,382 (9.1%) 0.90 200
    2021-02-01 $302,400 (7.1%) $339,184 (7.2%) 0.89 180
    2021-03-01 $283,675 (-2.5%) $330,048 (1.9%) 0.81 176
    2021-04-01 $274,900 (-8.2%) $327,934 (0.9%) 0.75 171
    2021-05-01 $299,900 (0.0%) $336,886 (1.4%) 0.80 181
    2021-06-01 $299,450 (-0.2%) $344,083 (4.3%) 0.79 211
    2021-07-01 $289,900 (-3.3%) $335,769 (3.9%) 0.76 236
    2021-08-01 $289,475 (-1.9%) $335,469 (4.4%) 0.77 277
    2021-09-01 $289,900 (4.5%) $328,604 (5.7%) 0.77 273
    2021-10-01 $291,950 (4.3%) $335,406 (4.1%) 0.77 267
    2021-11-01 $305,900 (2.0%) $352,507 (7.1%) 0.82 274
    2021-12-01 $337,400 (15.4%) $369,426 (16.7%) 0.91 228
    2022-01-01 $364,900 (21.7%) $391,016 (16.6%) 0.98 182
    2022-02-01 $370,000 (22.4%) $397,900 (17.3%) 0.96 180
    2022-03-01 $367,425 (29.5%) $378,806 (14.8%) 0.92 193
    2022-04-01 $369,900 (34.6%) $389,876 (18.9%) 0.88 226
    2022-05-01 $356,928 (19.0%) $385,917 (14.6%) 0.81 236
    2022-06-01 $362,455 (21.0%) $381,461 (10.9%) 0.81 266
    2022-07-01 $365,000 (25.9%) $382,953 (14.1%) 0.82 248
    2022-08-01 $369,950 (27.8%) $397,986 (18.6%) 0.86 237
    2022-09-01 $374,311 (29.1%) $399,920 (21.7%) 0.88 237
    2022-10-01 $384,900 (31.8%) $418,265 (24.7%) 0.91 243
    2022-11-01 $399,000 (30.4%) $431,566 (22.4%) 0.96 224
    2022-12-01 $399,900 (18.5%) $447,176 (21.1%) 0.99 202
    2023-01-01 $403,675 (10.6%) $461,322 (18.0%) 1.00 174
    2023-02-01 $399,900 (8.1%) $457,842 (15.1%) 0.97 167
    2023-03-01 $399,900 (8.8%) $445,437 (17.6%) 0.94 167
    2023-04-01 $397,700 (7.5%) $449,250 (15.2%) 0.92 183
    2023-05-01 $396,825 (11.2%) $446,654 (15.7%) 0.90 212
    2023-06-01 $407,725 (12.5%) $460,049 (20.6%) 0.91 229
    2023-07-01 $399,900 (9.6%) $459,268 (19.9%) 0.91 250
    2023-08-01 $409,400 (10.7%) $450,304 (13.2%) 0.94 274
    2023-09-01 $409,900 (9.5%) $451,434 (12.9%) 0.95 306
    2023-10-01 $399,950 (3.9%) $447,323 (7.0%) 0.94 332
    2023-11-01 $399,900 (0.2%) $441,869 (2.4%) 0.95 334
    2023-12-01 $399,900 (0.0%) $441,131 (-1.4%) 0.98 315
    2024-01-01 $396,400 (-1.8%) $445,054 (-3.5%) 0.97 276
    2024-02-01 $399,900 (0.0%) $462,724 (1.1%) 0.96 264
    2024-03-01 $399,900 (0.0%) $457,660 (2.7%) 0.94 275
    2024-04-01 $397,450 (-0.1%) $451,917 (0.6%) 0.92 294
    2024-05-01 $417,400 (5.2%) $482,809 (8.1%) 0.95 309
    2024-06-01 $409,900 (0.5%) $474,290 (3.1%) 0.94 323
    2024-07-01 $422,925 (5.8%) $488,750 (6.4%) 0.97 349
    2024-08-01 $419,900 (2.6%) $482,200 (7.1%) 0.98 381
    2024-09-01 $416,300 (1.6%) $471,499 (4.4%) 0.98 406
    2024-10-01 $418,600 (4.7%) $468,669 (4.8%) 0.99 405
    2024-11-01 $404,900 (1.3%) $462,854 (4.8%) 0.97 364
    2024-12-01 $402,425 (0.6%) $463,099 (5.0%) 1.00 316
    2025-01-01 $406,900 (2.7%) $467,686 (5.1%) 0.00 283
    Appleton's median listing price for 2025-01-01 was $406,900, a difference of $10,500 (2.7%) versus the prior year and $4,475 versus the prior month.

    Appleton's median listing price comes in at 0% of the national average.

    Appleton's average listing price for 2025-01-01 was $467,686, a difference of $22,632 (5.1%) versus the prior year and $4,587 versus the prior month.

    For the 2025-01-01 period, Appleton had 283 MLS listings, a difference of -33 listings (-10%) versus the prior month and 7 listings (3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Appleton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 74 days 1,894 sqft
    2018-02-01 63 days 1,899 sqft
    2018-03-01 49 days 1,957 sqft
    2018-04-01 44 days 2,092 sqft
    2018-05-01 43 days 2,159 sqft
    2018-06-01 43 days 2,172 sqft
    2018-07-01 49 days 2,102 sqft
    2018-08-01 50 days 2,104 sqft
    2018-09-01 45 days 2,073 sqft
    2018-10-01 46 days 1,921 sqft
    2018-11-01 54 days 1,930 sqft
    2018-12-01 71 days 1,959 sqft
    2019-01-01 84 days 1,969 sqft
    2019-02-01 88 days 1,998 sqft
    2019-03-01 69 days 2,013 sqft
    2019-04-01 56 days 2,014 sqft
    2019-05-01 48 days 1,991 sqft
    2019-06-01 51 days 1,916 sqft
    2019-07-01 51 days 1,927 sqft
    2019-08-01 52 days 1,961 sqft
    2019-09-01 53 days 2,016 sqft
    2019-10-01 54 days 2,052 sqft
    2019-11-01 61 days 2,038 sqft
    2019-12-01 71 days 2,011 sqft
    2020-01-01 76 days 2,053 sqft
    2020-02-01 61 days 2,094 sqft
    2020-03-01 50 days 2,096 sqft
    2020-04-01 49 days 2,113 sqft
    2020-05-01 62 days 2,080 sqft
    2020-06-01 59 days 2,065 sqft
    2020-07-01 63 days 2,014 sqft
    2020-08-01 50 days 2,025 sqft
    2020-09-01 45 days 1,984 sqft
    2020-10-01 46 days 1,992 sqft
    2020-11-01 53 days 1,915 sqft
    2020-12-01 60 days 1,861 sqft
    2021-01-01 66 days 1,863 sqft
    2021-02-01 66 days 1,825 sqft
    2021-03-01 40 days 1,810 sqft
    2021-04-01 33 days 1,800 sqft
    2021-05-01 38 days 1,902 sqft
    2021-06-01 31 days 1,988 sqft
    2021-07-01 32 days 1,980 sqft
    2021-08-01 32 days 1,903 sqft
    2021-09-01 40 days 1,912 sqft
    2021-10-01 47 days 1,848 sqft
    2021-11-01 42 days 1,655 sqft
    2021-12-01 52 days 1,630 sqft
    2022-01-01 42 days 1,609 sqft
    2022-02-01 37 days 1,606 sqft
    2022-03-01 47 days 1,650 sqft
    2022-04-01 44 days 1,658 sqft
    2022-05-01 44 days 1,737 sqft
    2022-06-01 39 days 1,792 sqft
    2022-07-01 38 days 1,924 sqft
    2022-08-01 45 days 1,925 sqft
    2022-09-01 45 days 1,923 sqft
    2022-10-01 42 days 1,944 sqft
    2022-11-01 44 days 1,907 sqft
    2022-12-01 58 days 1,911 sqft
    2023-01-01 69 days 1,858 sqft
    2023-02-01 60 days 1,918 sqft
    2023-03-01 49 days 1,869 sqft
    2023-04-01 37 days 1,960 sqft
    2023-05-01 30 days 1,843 sqft
    2023-06-01 37 days 1,930 sqft
    2023-07-01 43 days 1,928 sqft
    2023-08-01 42 days 1,901 sqft
    2023-09-01 44 days 1,914 sqft
    2023-10-01 45 days 1,893 sqft
    2023-11-01 44 days 1,840 sqft
    2023-12-01 53 days 1,738 sqft
    2024-01-01 68 days 1,696 sqft
    2024-02-01 65 days 1,704 sqft
    2024-03-01 46 days 1,718 sqft
    2024-04-01 43 days 1,738 sqft
    2024-05-01 44 days 1,696 sqft
    2024-06-01 49 days 1,755 sqft
    2024-07-01 44 days 1,801 sqft
    2024-08-01 44 days 1,800 sqft
    2024-09-01 45 days 1,801 sqft
    2024-10-01 50 days 1,824 sqft
    2024-11-01 52 days 1,828 sqft
    2024-12-01 63 days 1,825 sqft
    2025-01-01 0 days 1,795 sqft
    Appleton's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Appleton's median square footage for active listings during the 2025-01-01 period was 1,795 sqft. One year prior, the average listing was 1,696 sqft.

    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).