Appleton FHA Loan Rates, Closing Costs & Stats

APPLETON, WI

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 59 lenders originated 356 FHA loans during 2022. The total origination value was $74,460,000, with an average FHA loan value of $209,157.

Appleton FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Appleton averaged 5.8% for the week of 2024-03-15, compared to the national average (all FHA variants) of 6.596% for the same period.

Appleton's average FHA mortgage closing costs are $6,119.

The average rate for the prior week (2024-03-08) was 5.9% and one month ago for the week of 2024-02-09, the average rate was 5.92%.

The average rate one year ago was 5.79%.

For refis of the same type during the week of 2024-03-15, the average rate was 4.82%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FINANCE OF AMERICA MORTGAGE LLC 36 5.03% $8,810
QUICKEN LOANS, LLC 35 4.42% $8,813
UNITED WHOLESALE MORTGAGE, LLC 21 5.41% $9,099
FREEDOM MORTGAGE CORPORATION 19 5.22% $7,965
CHERRY CREEK MORTGAGE, LLC 15 5.05% $3,195
PRIMARY RESIDENTIAL MORTGAGE, INC. 13 5.73% $11,399
Waterstone Mortgage Corporation 11 5.49% $9,635
GSF Mortgage Corporation 11 5.16% $6,272
LAKEVIEW LOAN SERVICING, LLC 10 3.96% $5,906
PENNYMAC LOAN SERVICES, LLC 10 4.47% $9,944
CROSSCOUNTRY MORTGAGE, LLC 10 5.32% $9,610
INLANTA MORTGAGE, INC. 10 4.88% $7,275
GUARANTEED RATE, INC. 10 5.31% $7,602
Mr. Cooper ( Nationstar Mortgage ) 9 4.68% $12,455
TOWNE MORTGAGE COMPANY 8 4.48% $9,192
CORNERSTONE HOME LENDING, INC. 7 5.52% $8,930
BROKER SOLUTIONS, INC. 6 5.35% $11,492
Flagstar Bank, FSB 6 5.07% $5,930
Wolfe Financial, Inc 6 4.69% $9,186
ENVOY MORTGAGE, LTD 5 6.00% $8,170
Paramount Residential Mortgage Group, Inc. 5 5.20% $10,476
Plains Commerce Bank 5 4.85% $6,179
AMERISAVE MORTGAGE CORPORATION 4 4.66% $9,709
LOANDEPOT.COM, LLC 4 4.97% $7,995
FIRST CENTENNIAL MORTGAGE CORPORATION 3 4.29% $5,533
Ixonia Bank 3 6.17% $10,399
CALIBER HOME LOANS, INC. 3 4.15% $5,074
JPMorgan Chase Bank 3 4.41% $5,647
CARDINAL FINANCIAL 2 4.88% $7,071
Carrington Mortgage Services, LLC 2 4.63% $16,866
Citizens Bank 2 4.19% $7,705
Equity Prime Mortgage LLC 2 5.31% $9,533
EVERETT FINANCIAL, INC. 2 4.31% $6,430
First Guaranty Mortgage Corporation 2 3.75% $5,850
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.06% $11,343
Loan Simple, Inc. 2 4.50% $4,971
MLD MORTGAGE INC. 2 4.25% $6,931
MUTUAL OF OMAHA MORTGAGE, INC. 2 4.75% $11,084
Nations Lending Corporation 2 5.50% $10,601
Prosperity Home Mortgage, LLC 2 4.38% $9,187
The Federal Savings Bank 2 4.50% $10,946
U.S. Bank 2 6.31% $9,756
FAY SERVICING, LLC 1 4.88% $9,475
PLANET HOME LENDING, LLC 1 2.75% $5,769
PLAZA HOME MORTGAGE, INC. 1 5.63% $12,489
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.49% $10,779
Willamette Valley Bank 1 4.25% $10,056
CMG MORTGAGE, INC. 1 5.63% $5,810
Servion, Inc. 1 6.25% $6,724
Sierra Pacific Mortgage Company, Inc. 1 5.13% $7,171
SUCCESS MORTGAGE PARTNERS, INC. 1 6.00% $11,652
Bank of England 1 4.88% $7,566
AmeriHome Mortgage Company, LLC 1 4.99% $10,042
BMO Harris Bank 1 4.63% $6,670
Wyndham Capital Mortgage, Inc. 1 4.50% $7,370
Barrington Bank & Trust Company, N.A. 1 5.75% $7,537
Northpointe Bank 1 4.50% $10,080
MICHIGAN MUTUAL, INC. 1 5.63% $8,650
LIBERTY HOME MORTGAGE CORPORATION 1 6.13% $9,582

The top Appleton FHA lender as defined by loan originations is FINANCE OF AMERICA MORTGAGE LLC, with 36 FHA loans originated. Their average total fees are $8,810, which is $3 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Appleton FHA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($3,195), LAKEVIEW LOAN SERVICING, LLC ($5,906), GSF Mortgage Corporation ($6,272), INLANTA MORTGAGE, INC. ($7,275) and GUARANTEED RATE, INC. ($7,602).

The lowest rate Appleton FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.96%), QUICKEN LOANS, LLC (4.42%), PENNYMAC LOAN SERVICES, LLC (4.47%), INLANTA MORTGAGE, INC. (4.88%) and FINANCE OF AMERICA MORTGAGE LLC (5.03%).

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%) $251,928 (14.8%) 0.78 631
2018-02-01 $215,900 (16.7%) $258,594 (15.9%) 0.78 661
2018-03-01 $229,900 (21.1%) $271,610 (19.7%) 0.81 677
2018-04-01 $274,150 (40.7%) $325,124 (40.0%) 0.93 393
2018-05-01 $279,900 (43.6%) $325,340 (38.4%) 0.93 415
2018-06-01 $274,950 (41.0%) $320,442 (36.7%) 0.92 464
2018-07-01 $265,950 (33.1%) $311,469 (32.5%) 0.89 470
2018-08-01 $262,400 (31.3%) $305,248 (29.2%) 0.88 476
2018-09-01 $259,900 (33.4%) $299,333 (26.1%) 0.87 498
2018-10-01 $249,900 (33.7%) $291,453 (24.1%) 0.85 547
2018-11-01 $259,675 (40.0%) $291,766 (23.8%) 0.88 544
2018-12-01 $264,900 (35.9%) $294,111 (19.6%) 0.91 499
2019-01-01 $273,725 (30.6%) $301,397 (19.6%) 0.95 433
2019-02-01 $279,925 (29.7%) $309,742 (19.8%) 0.95 405
2019-03-01 $280,614 (22.1%) $307,938 (13.4%) 0.92 410
2019-04-01 $278,114 (1.5%) $309,362 (-4.9%) 0.88 419
2019-05-01 $269,950 (-3.6%) $306,010 (-5.9%) 0.84 413
2019-06-01 $259,900 (-5.5%) $297,648 (-7.1%) 0.81 427
2019-07-01 $262,450 (-1.3%) $298,199 (-4.3%) 0.82 457
2019-08-01 $264,973 (1.0%) $298,600 (-2.2%) 0.84 474
2019-09-01 $264,932 (1.9%) $298,932 (-0.1%) 0.85 492
2019-10-01 $264,905 (6.0%) $299,846 (2.9%) 0.85 505
2019-11-01 $260,000 (0.1%) $301,083 (3.2%) 0.85 479
2019-12-01 $259,900 (-1.9%) $303,236 (3.1%) 0.87 413
2020-01-01 $262,700 (-4.0%) $307,136 (1.9%) 0.88 362
2020-02-01 $282,450 (0.9%) $316,273 (2.1%) 0.92 340
2020-03-01 $289,900 (3.3%) $323,244 (5.0%) 0.91 345
2020-04-01 $299,350 (7.6%) $324,758 (5.0%) 0.94 343
2020-05-01 $299,900 (11.1%) $332,003 (8.5%) 0.91 308
2020-06-01 $299,900 (15.4%) $329,927 (10.8%) 0.88 273
2020-07-01 $299,900 (14.3%) $323,174 (8.4%) 0.87 247
2020-08-01 $294,900 (11.3%) $321,063 (7.5%) 0.85 257
2020-09-01 $276,125 (4.2%) $310,762 (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%) $329,076 (9.3%) 0.88 252
2020-12-01 $292,675 (12.6%) $317,186 (4.6%) 0.87 242
2021-01-01 $299,900 (14.2%) $336,272 (9.5%) 0.90 201
2021-02-01 $304,900 (8.0%) $339,937 (7.5%) 0.89 181
2021-03-01 $284,400 (-1.9%) $330,789 (2.3%) 0.81 177
2021-04-01 $276,150 (-7.8%) $328,696 (1.2%) 0.75 172
2021-05-01 $299,900 (0.0%) $336,886 (1.5%) 0.80 181
2021-06-01 $299,200 (-0.2%) $344,044 (4.3%) 0.79 209
2021-07-01 $289,500 (-3.5%) $335,226 (3.7%) 0.76 234
2021-08-01 $287,000 (-2.7%) $335,048 (4.4%) 0.77 275
2021-09-01 $289,900 (5.0%) $328,173 (5.6%) 0.77 272
2021-10-01 $289,900 (3.6%) $335,015 (4.0%) 0.77 266
2021-11-01 $304,925 (1.7%) $352,118 (7.0%) 0.82 272
2021-12-01 $334,175 (14.2%) $369,099 (16.4%) 0.91 225
2022-01-01 $362,400 (20.8%) $389,934 (16.0%) 0.98 178
2022-02-01 $370,000 (21.4%) $398,213 (17.1%) 0.96 179
2022-03-01 $367,425 (29.2%) $378,257 (14.4%) 0.92 192
2022-04-01 $369,900 (34.0%) $389,157 (18.4%) 0.88 223
2022-05-01 $353,450 (17.9%) $384,980 (14.3%) 0.81 234
2022-06-01 $362,455 (21.1%) $381,461 (10.9%) 0.81 266
2022-07-01 $364,950 (26.1%) $382,953 (14.2%) 0.82 248
2022-08-01 $369,950 (28.9%) $397,986 (18.8%) 0.86 237
2022-09-01 $374,311 (29.1%) $399,920 (21.9%) 0.88 237
2022-10-01 $384,900 (32.8%) $418,265 (24.9%) 0.91 243
2022-11-01 $399,000 (30.9%) $431,566 (22.6%) 0.96 224
2022-12-01 $399,900 (19.7%) $447,176 (21.2%) 0.99 202
2023-01-01 $403,675 (11.4%) $461,322 (18.3%) 1.00 174
2023-02-01 $399,900 (8.1%) $457,842 (15.0%) 0.97 167
2023-03-01 $399,900 (8.8%) $445,437 (17.8%) 0.94 167
2023-04-01 $395,500 (6.9%) $447,967 (15.1%) 0.92 182
2023-05-01 $396,200 (12.1%) $445,501 (15.7%) 0.90 211
2023-06-01 $407,000 (12.3%) $459,575 (20.5%) 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%) $447,066 (6.9%) 0.94 333
2023-11-01 $399,900 (0.2%) $441,636 (2.3%) 0.95 335
2023-12-01 $399,900 (0.0%) $440,883 (-1.4%) 0.98 316
2024-01-01 $396,400 (-1.8%) $444,916 (-3.6%) 0.97 277
Appleton's median listing price for 2024-01-01 was $396,400, a difference of $-7,275 (-1.8%) versus the prior year and $-3,500 versus the prior month.

Appleton's median listing price comes in at 97% of the national average.

Appleton's average listing price for 2024-01-01 was $444,916, a difference of $-16,406 (-3.6%) versus the prior year and $4,033 versus the prior month.

For the 2024-01-01 period, Appleton had 277 MLS listings, a difference of -39 listings (-12%) versus the prior month and 103 listings (59%) 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 1,956 sqft
2018-04-01 44 days 2,092 sqft
2018-05-01 43 days 2,159 sqft
2018-06-01 43 days 2,169 sqft
2018-07-01 49 days 2,096 sqft
2018-08-01 50 days 2,098 sqft
2018-09-01 45 days 2,073 sqft
2018-10-01 46 days 1,923 sqft
2018-11-01 54 days 1,931 sqft
2018-12-01 71 days 1,961 sqft
2019-01-01 84 days 1,972 sqft
2019-02-01 88 days 2,000 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 1,917 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 2,055 sqft
2019-11-01 61 days 2,041 sqft
2019-12-01 71 days 2,011 sqft
2020-01-01 76 days 2,051 sqft
2020-02-01 61 days 2,096 sqft
2020-03-01 50 days 2,091 sqft
2020-04-01 49 days 2,115 sqft
2020-05-01 62 days 2,080 sqft
2020-06-01 59 days 2,066 sqft
2020-07-01 63 days 2,019 sqft
2020-08-01 50 days 2,028 sqft
2020-09-01 45 days 1,988 sqft
2020-10-01 46 days 1,992 sqft
2020-11-01 53 days 1,917 sqft
2020-12-01 60 days 1,864 sqft
2021-01-01 66 days 1,864 sqft
2021-02-01 66 days 1,833 sqft
2021-03-01 40 days 1,815 sqft
2021-04-01 33 days 1,800 sqft
2021-05-01 38 days 1,906 sqft
2021-06-01 31 days 1,989 sqft
2021-07-01 32 days 1,987 sqft
2021-08-01 32 days 1,901 sqft
2021-09-01 40 days 1,912 sqft
2021-10-01 47 days 1,844 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 1,607 sqft
2022-03-01 47 days 1,648 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 1,922 sqft
2022-08-01 45 days 1,922 sqft
2022-09-01 45 days 1,923 sqft
2022-10-01 42 days 1,944 sqft
2022-11-01 44 days 1,904 sqft
2022-12-01 58 days 1,906 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 1,959 sqft
2023-05-01 30 days 1,838 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 1,890 sqft
2023-11-01 44 days 1,837 sqft
2023-12-01 53 days 1,738 sqft
2024-01-01 68 days 1,696 sqft
Appleton's median listing age (time on market) for 2024-01-01 was 68 days. This is -3% shorter than the same period one year ago.

Appleton's median square footage for active listings during the 2024-01-01 period was 1,696 sqft. One year prior, the average listing was 1,858 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).