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 0.19% for the week of 2024-11-15, compared to the national average (all FHA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.39% and one month ago for the week of 2024-10-11, the average rate was 6.2%.

    The average rate one year ago was 7.34%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.21%.

    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%) $251,928 (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
    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 (0.5%) $452,075 (0.9%) 0.92 294
    2024-05-01 $419,900 (6.0%) $486,688 (9.3%) 0.95 309
    2024-06-01 $419,900 (3.2%) $484,602 (5.5%) 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
    Appleton's median listing price for 2024-10-01 was $418,600, a difference of $18,650 (4.7%) versus the prior year and $2,300 versus the prior month.

    Appleton's median listing price comes in at 99% of the national average.

    Appleton's average listing price for 2024-10-01 was $468,669, a difference of $21,603 (4.8%) versus the prior year and $-2,830 versus the prior month.

    For the 2024-10-01 period, Appleton had 405 MLS listings, a difference of -1 listings (0%) versus the prior month and 72 listings (22%) 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
    2024-02-01 65 days 1,709 sqft
    2024-03-01 46 days 1,720 sqft
    2024-04-01 43 days 1,739 sqft
    2024-05-01 44 days 1,684 sqft
    2024-06-01 49 days 1,751 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
    Appleton's median listing age (time on market) for 2024-10-01 was 50 days. This is 12% longer than the same period one year ago.

    Appleton's median square footage for active listings during the 2024-10-01 period was 1,824 sqft. One year prior, the average listing was 1,890 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).