Arcadia FHA Loan Rates, Closing Costs & Stats

Arcadia, FL

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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.

    Arcadia's 39 lenders originated 125 FHA loans during 2024. The total origination value was $31,545,000, with an average FHA loan value of $252,360.

    Arcadia FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Arcadia averaged 6.69% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Arcadia's average FHA mortgage closing costs are $8,781.

    The average rate for the prior week (2025-03-28) was 6.39% and one month ago for the week of 2025-02-28, the average rate was 6.78%.

    The average rate one year ago was 6.99%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.26%.

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

    Arcadia 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 Arcadia level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    HOMESIDE FINANCIAL, LLC 34 6.72% $11,409
    UNITED WHOLESALE MORTGAGE, LLC 10 6.46% $10,440
    QUICKEN LOANS, LLC 7 6.35% $13,032
    Equity Prime Mortgage LLC 5 6.23% $10,243
    FREEDOM MORTGAGE CORPORATION 3 5.83% $13,055
    NEWREZ LLC 3 6.92% $9,993
    Flagstar Bank, FSB 2 6.42% $7,878
    CARDINAL FINANCIAL 2 7.00% $17,762
    Granite Community Bank 2 6.50% $14,224
    UNION HOME MORTGAGE CORP. 2 7.13% $12,096
    CROSSCOUNTRY MORTGAGE, LLC 2 6.44% $11,977
    LOANDEPOT.COM, LLC 2 7.31% $12,056
    Paramount Residential Mortgage Group, Inc. 2 6.25% $10,273
    PENNYMAC LOAN SERVICES, LLC 2 6.00% $9,797
    Plains Commerce Bank 2 7.50% $8,790
    LOANPAL, LLC 1 6.50% $6,913
    MID AMERICA MORTGAGE, INC. 1 7.25% $5,800
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $12,074
    NFM, INC. 1 5.75% $17,848
    NJ LENDERS CORP. 1 6.75% $9,531
    PANORAMA MORTGAGE GROUP, LLC 1 6.25% $11,654
    Presidential Bank, FSB 1 7.75% $9,818
    RESIDENTIAL BANCORP 1 6.13% $12,358
    Sierra Pacific Mortgage Company, Inc. 1 5.50% $24,823
    UNITED MORTGAGE CORP 1 6.50% $23,202
    Bank of England 1 7.13% $11,132
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $9,215
    Bell Bank 1 7.25% $6,705
    BROKER SOLUTIONS, INC. 1 6.75% $19,867
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.63% $12,387
    COUNTRYPLACE MORTGAGE, LTD. 1 4.75% $12,871
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $13,790
    FBC MORTGAGE, LLC 1 6.50% $6,667
    GARDNER FINANCIAL SERVICES, LTD. 1 6.75% $9,227
    GERSHMAN INVESTMENT CORP. 1 6.75% $10,984
    GUARANTEED RATE AFFINITY, LLC 1 6.63% $11,305
    GUARANTEED RATE, INC. 1 7.75% $8,154
    American Mortgage & Equity Consultants, Inc. 1 6.88% $15,195
    LAKE MICHIGAN CREDIT UNION 1 6.50% $7,242

    The top Arcadia FHA lender as defined by loan originations is HOMESIDE FINANCIAL, LLC, with 34 FHA loans originated. Their average total fees are $11,409, which is $968 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Arcadia FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($10,440), HOMESIDE FINANCIAL, LLC ($11,409), .

    The lowest rate Arcadia FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.46%), HOMESIDE FINANCIAL, LLC (6.72%), .

    Arcadia FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Arcadia (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 $249,475 (7.5%) $402,415 (7.6%) 0.00 93
    2018-02-01 $249,900 (10.7%) $425,661 (20.8%) 0.00 96
    2018-03-01 $249,900 (10.6%) $422,835 (11.3%) 0.00 93
    2018-04-01 $240,875 (5.2%) $409,332 (4.7%) 0.00 93
    2018-05-01 $236,000 (-0.8%) $395,182 (-11.5%) 0.00 106
    2018-06-01 $229,000 (-6.0%) $386,552 (-13.7%) 0.00 105
    2018-07-01 $239,950 (4.7%) $445,255 (-6.1%) 0.00 94
    2018-08-01 $239,600 (0.5%) $524,228 (5.8%) 0.00 90
    2018-09-01 $239,700 (4.4%) $526,935 (12.3%) 0.00 90
    2018-10-01 $239,900 (2.5%) $450,558 (9.9%) 0.00 112
    2018-11-01 $239,675 (-2.2%) $429,468 (-7.3%) 0.00 118
    2018-12-01 $229,000 (-7.3%) $412,169 (-9.5%) 0.00 128
    2019-01-01 $227,000 (-9.0%) $403,161 (0.2%) 0.00 133
    2019-02-01 $224,925 (-10.0%) $393,633 (-7.5%) 0.00 142
    2019-03-01 $216,679 (-13.3%) $395,885 (-6.4%) 0.00 137
    2019-04-01 $212,104 (-11.9%) $399,124 (-2.5%) 0.00 131
    2019-05-01 $217,400 (-7.9%) $405,195 (2.5%) 0.00 126
    2019-06-01 $230,000 (0.4%) $452,249 (17.0%) 0.00 119
    2019-07-01 $230,000 (-4.2%) $429,868 (-3.5%) 0.00 105
    2019-08-01 $231,909 (-3.2%) $425,531 (-18.8%) 0.00 99
    2019-09-01 $234,773 (-2.1%) $420,574 (-20.2%) 0.00 95
    2019-10-01 $236,682 (-1.3%) $417,270 (-7.4%) 0.00 96
    2019-11-01 $248,500 (3.7%) $418,025 (-2.7%) 0.00 113
    2019-12-01 $251,625 (9.9%) $419,004 (1.7%) 0.00 114
    2020-01-01 $270,725 (19.3%) $438,439 (8.8%) 0.00 107
    2020-02-01 $282,400 (25.6%) $414,736 (5.4%) 0.00 101
    2020-03-01 $284,450 (31.3%) $398,030 (0.5%) 0.00 110
    2020-04-01 $272,450 (28.5%) $387,668 (-2.9%) 0.00 104
    2020-05-01 $286,000 (31.6%) $387,554 (-4.4%) 0.00 94
    2020-06-01 $282,000 (22.6%) $451,670 (-0.1%) 0.00 91
    2020-07-01 $277,450 (20.6%) $449,321 (4.5%) 0.00 89
    2020-08-01 $277,000 (19.4%) $449,798 (5.7%) 0.00 79
    2020-09-01 $252,225 (7.4%) $382,747 (-9.0%) 0.00 72
    2020-10-01 $249,000 (5.2%) $381,724 (-8.5%) 0.00 71
    2020-11-01 $233,975 (-5.9%) $405,091 (-3.1%) 0.00 62
    2020-12-01 $242,450 (-3.7%) $395,846 (-5.5%) 0.00 60
    2021-01-01 $252,400 (-6.8%) $413,867 (-5.6%) 0.00 50
    2021-02-01 $289,000 (2.3%) $473,764 (14.2%) 0.00 48
    2021-03-01 $293,750 (3.3%) $550,615 (38.3%) 0.00 45
    2021-04-01 $284,000 (4.2%) $502,677 (29.7%) 0.00 43
    2021-05-01 $285,000 (-0.4%) $435,423 (12.4%) 0.00 46
    2021-06-01 $279,250 (-1.0%) $423,950 (-6.1%) 0.00 51
    2021-07-01 $259,900 (-6.3%) $357,514 (-20.4%) 0.00 48
    2021-08-01 $314,269 (13.5%) $411,615 (-8.5%) 0.00 51
    2021-09-01 $284,950 (13.0%) $378,529 (-1.1%) 0.00 51
    2021-10-01 $285,000 (14.5%) $382,282 (0.2%) 0.00 55
    2021-11-01 $336,475 (43.8%) $409,736 (1.2%) 0.00 50
    2021-12-01 $331,950 (36.9%) $409,263 (3.4%) 0.00 58
    2022-01-01 $339,000 (34.3%) $411,888 (-0.5%) 0.00 52
    2022-02-01 $336,750 (16.5%) $379,609 (-19.9%) 0.00 43
    2022-03-01 $337,250 (14.8%) $422,589 (-23.3%) 0.00 42
    2022-04-01 $349,500 (23.1%) $476,633 (-5.2%) 0.00 49
    2022-05-01 $393,750 (38.2%) $492,799 (13.2%) 0.00 54
    2022-06-01 $408,603 (46.3%) $509,112 (20.1%) 0.00 61
    2022-07-01 $472,450 (81.8%) $542,318 (51.7%) 0.00 71
    2022-08-01 $454,350 (44.6%) $516,492 (25.5%) 0.00 80
    2022-09-01 $455,500 (59.9%) $537,694 (42.1%) 0.00 80
    2022-10-01 $439,000 (54.0%) $532,903 (39.4%) 0.00 73
    2022-11-01 $437,000 (29.9%) $512,709 (25.1%) 0.00 68
    2022-12-01 $425,000 (28.0%) $532,604 (30.1%) 0.00 64
    2023-01-01 $399,450 (17.8%) $525,260 (27.5%) 0.00 64
    2023-02-01 $397,400 (18.0%) $522,684 (37.7%) 0.00 70
    2023-03-01 $399,825 (18.6%) $510,232 (20.7%) 0.00 74
    2023-04-01 $395,000 (13.0%) $472,366 (-0.9%) 0.00 84
    2023-05-01 $395,750 (0.5%) $457,704 (-7.1%) 0.00 79
    2023-06-01 $386,250 (-5.5%) $461,676 (-9.3%) 0.00 84
    2023-07-01 $390,000 (-17.5%) $497,601 (-8.3%) 0.00 92
    2023-08-01 $366,975 (-19.2%) $492,470 (-4.7%) 0.00 93
    2023-09-01 $349,000 (-23.4%) $469,687 (-12.7%) 0.00 97
    2023-10-01 $374,950 (-14.6%) $481,612 (-9.6%) 0.00 96
    2023-11-01 $382,500 (-12.5%) $480,264 (-6.3%) 0.00 117
    2023-12-01 $385,000 (-9.4%) $484,391 (-9.1%) 0.00 129
    2024-01-01 $378,700 (-5.2%) $487,453 (-7.2%) 0.00 127
    2024-02-01 $341,000 (-14.2%) $426,127 (-18.5%) 0.00 135
    2024-03-01 $343,000 (-14.2%) $446,819 (-12.4%) 0.00 135
    2024-04-01 $352,500 (-10.8%) $451,805 (-4.4%) 0.00 131
    2024-05-01 $322,200 (-18.6%) $462,206 (1.0%) 0.00 122
    2024-06-01 $340,000 (-12.0%) $465,539 (0.8%) 0.00 120
    2024-07-01 $349,475 (-10.4%) $458,173 (-7.9%) 0.00 124
    2024-08-01 $349,450 (-4.8%) $441,446 (-10.4%) 0.00 118
    2024-09-01 $349,225 (0.1%) $431,723 (-8.1%) 0.00 111
    2024-10-01 $380,000 (1.4%) $437,605 (-9.1%) 0.00 109
    2024-11-01 $384,500 (0.5%) $447,035 (-6.9%) 0.00 113
    2024-12-01 $391,000 (1.6%) $445,222 (-8.1%) 0.00 127
    2025-01-01 $396,000 (4.6%) $453,547 (-7.0%) 0.00 140
    2025-02-01 $399,000 (17.0%) $496,805 (16.6%) 0.00 149
    2025-03-01 $399,900 (16.6%) $513,767 (15.0%) 0.00 150
    Arcadia's median listing price for 2025-03-01 was $399,900, a difference of $56,900 (16.6%) versus the prior year and $900 versus the prior month.

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

    Arcadia's average listing price for 2025-03-01 was $513,767, a difference of $66,948 (15.0%) versus the prior year and $16,962 versus the prior month.

    For the 2025-03-01 period, Arcadia had 150 MLS listings, a difference of 1 listings (1%) versus the prior month and 15 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Arcadia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,955 sqft
    2018-02-01 0 days 1,931 sqft
    2018-03-01 0 days 1,980 sqft
    2018-04-01 0 days 1,876 sqft
    2018-05-01 0 days 1,721 sqft
    2018-06-01 0 days 1,839 sqft
    2018-07-01 0 days 1,923 sqft
    2018-08-01 0 days 1,948 sqft
    2018-09-01 0 days 1,897 sqft
    2018-10-01 0 days 1,854 sqft
    2018-11-01 0 days 1,749 sqft
    2018-12-01 0 days 1,612 sqft
    2019-01-01 0 days 1,615 sqft
    2019-02-01 0 days 1,610 sqft
    2019-03-01 0 days 1,590 sqft
    2019-04-01 0 days 1,571 sqft
    2019-05-01 0 days 1,657 sqft
    2019-06-01 0 days 1,803 sqft
    2019-07-01 0 days 1,746 sqft
    2019-08-01 0 days 1,723 sqft
    2019-09-01 0 days 1,721 sqft
    2019-10-01 0 days 1,721 sqft
    2019-11-01 0 days 1,760 sqft
    2019-12-01 0 days 1,763 sqft
    2020-01-01 0 days 1,854 sqft
    2020-02-01 0 days 1,864 sqft
    2020-03-01 0 days 1,909 sqft
    2020-04-01 0 days 1,838 sqft
    2020-05-01 0 days 1,811 sqft
    2020-06-01 0 days 1,811 sqft
    2020-07-01 0 days 1,755 sqft
    2020-08-01 0 days 1,801 sqft
    2020-09-01 0 days 1,645 sqft
    2020-10-01 0 days 1,691 sqft
    2020-11-01 0 days 1,739 sqft
    2020-12-01 0 days 1,726 sqft
    2021-01-01 0 days 1,666 sqft
    2021-02-01 0 days 1,729 sqft
    2021-03-01 0 days 1,879 sqft
    2021-04-01 0 days 1,723 sqft
    2021-05-01 0 days 1,714 sqft
    2021-06-01 0 days 1,777 sqft
    2021-07-01 0 days 1,683 sqft
    2021-08-01 0 days 1,809 sqft
    2021-09-01 0 days 1,757 sqft
    2021-10-01 0 days 1,562 sqft
    2021-11-01 0 days 1,638 sqft
    2021-12-01 0 days 1,635 sqft
    2022-01-01 0 days 1,455 sqft
    2022-02-01 0 days 1,528 sqft
    2022-03-01 0 days 1,654 sqft
    2022-04-01 0 days 1,683 sqft
    2022-05-01 0 days 1,720 sqft
    2022-06-01 0 days 1,765 sqft
    2022-07-01 0 days 1,905 sqft
    2022-08-01 0 days 1,874 sqft
    2022-09-01 0 days 1,808 sqft
    2022-10-01 0 days 1,778 sqft
    2022-11-01 0 days 1,687 sqft
    2022-12-01 0 days 1,660 sqft
    2023-01-01 0 days 1,656 sqft
    2023-02-01 0 days 1,563 sqft
    2023-03-01 0 days 1,558 sqft
    2023-04-01 0 days 1,512 sqft
    2023-05-01 0 days 1,675 sqft
    2023-06-01 0 days 1,680 sqft
    2023-07-01 0 days 1,606 sqft
    2023-08-01 0 days 1,573 sqft
    2023-09-01 0 days 1,506 sqft
    2023-10-01 0 days 1,521 sqft
    2023-11-01 0 days 1,483 sqft
    2023-12-01 0 days 1,464 sqft
    2024-01-01 0 days 1,441 sqft
    2024-02-01 0 days 1,366 sqft
    2024-03-01 0 days 1,396 sqft
    2024-04-01 0 days 1,426 sqft
    2024-05-01 0 days 1,489 sqft
    2024-06-01 0 days 1,516 sqft
    2024-07-01 0 days 1,560 sqft
    2024-08-01 0 days 1,561 sqft
    2024-09-01 0 days 1,545 sqft
    2024-10-01 0 days 1,522 sqft
    2024-11-01 0 days 1,488 sqft
    2024-12-01 0 days 1,468 sqft
    2025-01-01 0 days 1,476 sqft
    2025-02-01 0 days 1,440 sqft
    2025-03-01 0 days 1,518 sqft
    Arcadia's median listing age (time on market) for 2025-03-01 was 0 days.

    Arcadia's median square footage for active listings during the 2025-03-01 period was 1,518 sqft. One year prior, the average listing was 1,396 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).