Ashland FHA Loan Rates, Closing Costs & Stats
Ashland, OH
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.
Ashland's 36 lenders originated 107 FHA loans during 2023. The total origination value was $16,985,000, with an average FHA loan value of $158,738.
Ashland FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Ashland
averaged
-0.05%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Ashland's average FHA mortgage closing costs are $6,272.
The average rate for the prior week (2024-11-22) was
6.74% and
one month ago for the week of 2024-10-25, the
average rate was 6.42%.
The average rate one year ago was 7.41%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.1%.
Ashland 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 Ashland level.
The top Ashland FHA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
19 FHA loans originated. Their average total fees are
$8,017, which is $253
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Ashland FHA lenders (with over 10 loans originated) are
CROSSCOUNTRY MORTGAGE, LLC ($8,017), QUICKEN LOANS, LLC ($8,271), .
The lowest rate Ashland FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.21%), CROSSCOUNTRY MORTGAGE, LLC (7.28%), .
Ashland FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
ASHLAND, OH | ASHLAND | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
ASHLAND, OH | ASHLAND | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Ashland (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 | $111,850 (-8.7%) | $246,995 (20.4%) | 0.00 | 91 |
2018-02-01 | $89,175 (-27.0%) | $244,884 (11.0%) | 0.00 | 93 |
2018-03-01 | $97,000 (-22.2%) | $229,373 (1.1%) | 0.00 | 102 |
2018-04-01 | $114,275 (-15.3%) | $221,195 (1.1%) | 0.00 | 104 |
2018-05-01 | $135,250 (8.2%) | $233,639 (10.6%) | 0.00 | 115 |
2018-06-01 | $149,450 (15.8%) | $237,672 (16.9%) | 0.00 | 141 |
2018-07-01 | $157,400 (16.6%) | $249,859 (16.9%) | 0.00 | 150 |
2018-08-01 | $153,725 (14.2%) | $254,557 (12.6%) | 0.00 | 141 |
2018-09-01 | $154,950 (19.5%) | $247,541 (-1.4%) | 0.00 | 149 |
2018-10-01 | $153,950 (14.3%) | $241,718 (-4.1%) | 0.00 | 141 |
2018-11-01 | $142,500 (18.8%) | $243,927 (-3.2%) | 0.00 | 130 |
2018-12-01 | $129,000 (8.4%) | $225,284 (-10.1%) | 0.00 | 116 |
2019-01-01 | $123,750 (10.6%) | $202,879 (-17.9%) | 0.00 | 101 |
2019-02-01 | $111,425 (25.0%) | $231,104 (-5.6%) | 0.00 | 100 |
2019-03-01 | $130,364 (34.4%) | $258,735 (12.8%) | 0.00 | 96 |
2019-04-01 | $156,250 (36.7%) | $273,022 (23.4%) | 0.00 | 97 |
2019-05-01 | $174,950 (29.4%) | $266,003 (13.9%) | 0.00 | 102 |
2019-06-01 | $172,000 (15.1%) | $268,213 (12.9%) | 0.00 | 103 |
2019-07-01 | $160,625 (2.1%) | $260,629 (4.3%) | 0.00 | 106 |
2019-08-01 | $165,973 (8.0%) | $257,652 (1.2%) | 0.00 | 108 |
2019-09-01 | $173,807 (12.2%) | $258,798 (4.6%) | 0.00 | 112 |
2019-10-01 | $179,900 (16.9%) | $259,563 (7.4%) | 0.00 | 113 |
2019-11-01 | $160,000 (12.3%) | $261,778 (7.3%) | 0.00 | 91 |
2019-12-01 | $149,925 (16.2%) | $278,201 (23.5%) | 0.00 | 78 |
2020-01-01 | $146,000 (18.0%) | $265,500 (30.9%) | 0.00 | 73 |
2020-02-01 | $150,450 (35.0%) | $220,571 (-4.6%) | 0.00 | 78 |
2020-03-01 | $149,925 (15.0%) | $234,572 (-9.3%) | 0.00 | 74 |
2020-04-01 | $166,950 (6.9%) | $229,977 (-15.8%) | 0.00 | 64 |
2020-05-01 | $165,000 (-5.7%) | $263,155 (-1.1%) | 0.00 | 56 |
2020-06-01 | $162,075 (-5.8%) | $268,275 (0.0%) | 0.00 | 51 |
2020-07-01 | $192,900 (20.1%) | $279,548 (7.3%) | 0.00 | 55 |
2020-08-01 | $186,950 (12.6%) | $261,653 (1.6%) | 0.00 | 58 |
2020-09-01 | $182,825 (5.2%) | $256,666 (-0.8%) | 0.00 | 54 |
2020-10-01 | $180,000 (0.1%) | $249,575 (-3.9%) | 0.00 | 63 |
2020-11-01 | $177,000 (10.6%) | $232,093 (-11.3%) | 0.00 | 68 |
2020-12-01 | $158,950 (6.0%) | $226,279 (-18.7%) | 0.00 | 63 |
2021-01-01 | $168,900 (15.7%) | $219,132 (-17.5%) | 0.00 | 51 |
2021-02-01 | $172,950 (15.0%) | $240,904 (9.2%) | 0.00 | 49 |
2021-03-01 | $169,475 (13.0%) | $245,421 (4.6%) | 0.00 | 43 |
2021-04-01 | $173,450 (3.9%) | $281,249 (22.3%) | 0.00 | 42 |
2021-05-01 | $179,900 (9.0%) | $279,040 (6.0%) | 0.00 | 47 |
2021-06-01 | $196,475 (21.2%) | $294,912 (9.9%) | 0.00 | 37 |
2021-07-01 | $180,000 (-6.7%) | $248,241 (-11.2%) | 0.00 | 44 |
2021-08-01 | $229,900 (23.0%) | $260,829 (-0.3%) | 0.00 | 83 |
2021-09-01 | $229,900 (25.8%) | $252,751 (-1.5%) | 0.00 | 95 |
2021-10-01 | $229,900 (27.7%) | $250,204 (0.3%) | 0.00 | 88 |
2021-11-01 | $229,900 (29.9%) | $251,294 (8.3%) | 0.00 | 62 |
2021-12-01 | $213,675 (34.4%) | $220,912 (-2.4%) | 0.00 | 59 |
2022-01-01 | $225,000 (33.2%) | $220,006 (0.4%) | 0.00 | 58 |
2022-02-01 | $229,900 (32.9%) | $226,948 (-5.8%) | 0.00 | 45 |
2022-03-01 | $229,900 (35.7%) | $232,479 (-5.3%) | 0.00 | 40 |
2022-04-01 | $237,450 (36.9%) | $246,150 (-12.5%) | 0.00 | 32 |
2022-05-01 | $210,000 (16.7%) | $260,747 (-6.6%) | 0.00 | 50 |
2022-06-01 | $223,625 (13.8%) | $264,729 (-10.2%) | 0.00 | 51 |
2022-07-01 | $219,500 (21.9%) | $251,858 (1.5%) | 0.00 | 52 |
2022-08-01 | $231,950 (0.9%) | $291,023 (11.6%) | 0.00 | 57 |
2022-09-01 | $199,825 (-13.1%) | $280,692 (11.1%) | 0.00 | 65 |
2022-10-01 | $195,000 (-15.2%) | $261,695 (4.6%) | 0.00 | 65 |
2022-11-01 | $229,000 (-0.4%) | $291,791 (16.1%) | 0.00 | 56 |
2022-12-01 | $202,500 (-5.2%) | $278,096 (25.9%) | 0.00 | 57 |
2023-01-01 | $199,675 (-11.3%) | $281,513 (28.0%) | 0.00 | 46 |
2023-02-01 | $199,450 (-13.2%) | $352,018 (55.1%) | 0.00 | 41 |
2023-03-01 | $212,400 (-7.6%) | $329,769 (41.9%) | 0.00 | 34 |
2023-04-01 | $189,900 (-20.0%) | $311,865 (26.7%) | 0.00 | 41 |
2023-05-01 | $248,400 (18.3%) | $353,428 (35.5%) | 0.00 | 45 |
2023-06-01 | $258,450 (15.6%) | $316,444 (19.5%) | 0.00 | 44 |
2023-07-01 | $320,000 (45.8%) | $402,308 (59.7%) | 0.00 | 48 |
2023-08-01 | $297,900 (28.4%) | $387,590 (33.2%) | 0.00 | 43 |
2023-09-01 | $289,000 (44.6%) | $347,041 (23.6%) | 0.00 | 54 |
2023-10-01 | $267,500 (37.2%) | $317,508 (21.3%) | 0.00 | 55 |
2023-11-01 | $258,750 (13.0%) | $300,461 (3.0%) | 0.00 | 49 |
2023-12-01 | $299,900 (48.1%) | $325,840 (17.2%) | 0.00 | 48 |
2024-01-01 | $284,500 (42.5%) | $345,764 (22.8%) | 0.00 | 33 |
2024-02-01 | $292,500 (46.7%) | $357,242 (1.5%) | 0.00 | 27 |
2024-03-01 | $295,000 (38.9%) | $328,113 (-0.5%) | 0.00 | 32 |
2024-04-01 | $302,225 (59.2%) | $353,306 (13.3%) | 0.00 | 43 |
2024-05-01 | $294,675 (18.6%) | $389,987 (10.3%) | 0.00 | 44 |
2024-06-01 | $284,450 (10.1%) | $354,322 (12.0%) | 0.00 | 48 |
2024-07-01 | $264,925 (-17.2%) | $333,547 (-17.1%) | 0.00 | 50 |
2024-08-01 | $249,000 (-16.4%) | $305,380 (-21.2%) | 0.00 | 63 |
2024-09-01 | $274,925 (-4.9%) | $319,859 (-7.8%) | 0.00 | 67 |
2024-10-01 | $249,675 (-6.7%) | $299,715 (-5.6%) | 0.00 | 67 |
Ashland's median listing price comes in at 0% of the national average.
Ashland's average listing price for 2024-10-01 was $299,715, a difference of $-17,793 (-5.6%) versus the prior year and $-20,144 versus the prior month.
For the 2024-10-01 period, Ashland had 67 MLS listings, a difference of 0 listings (0%) versus the prior month and 12 listings (22%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Ashland (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,444 sqft |
2018-02-01 | 0 days | 1,437 sqft |
2018-03-01 | 0 days | 1,344 sqft |
2018-04-01 | 0 days | 1,493 sqft |
2018-05-01 | 0 days | 1,496 sqft |
2018-06-01 | 0 days | 1,520 sqft |
2018-07-01 | 0 days | 1,672 sqft |
2018-08-01 | 0 days | 1,685 sqft |
2018-09-01 | 0 days | 1,694 sqft |
2018-10-01 | 0 days | 1,660 sqft |
2018-11-01 | 0 days | 1,706 sqft |
2018-12-01 | 0 days | 1,600 sqft |
2019-01-01 | 0 days | 1,569 sqft |
2019-02-01 | 0 days | 1,503 sqft |
2019-03-01 | 0 days | 1,564 sqft |
2019-04-01 | 0 days | 1,718 sqft |
2019-05-01 | 0 days | 1,728 sqft |
2019-06-01 | 0 days | 1,740 sqft |
2019-07-01 | 0 days | 1,610 sqft |
2019-08-01 | 0 days | 1,635 sqft |
2019-09-01 | 0 days | 1,705 sqft |
2019-10-01 | 0 days | 1,760 sqft |
2019-11-01 | 0 days | 1,628 sqft |
2019-12-01 | 0 days | 1,605 sqft |
2020-01-01 | 0 days | 1,584 sqft |
2020-02-01 | 0 days | 1,522 sqft |
2020-03-01 | 0 days | 1,485 sqft |
2020-04-01 | 0 days | 1,585 sqft |
2020-05-01 | 0 days | 1,734 sqft |
2020-06-01 | 0 days | 1,598 sqft |
2020-07-01 | 0 days | 1,728 sqft |
2020-08-01 | 0 days | 1,768 sqft |
2020-09-01 | 0 days | 1,713 sqft |
2020-10-01 | 0 days | 1,639 sqft |
2020-11-01 | 0 days | 1,590 sqft |
2020-12-01 | 0 days | 1,587 sqft |
2021-01-01 | 0 days | 1,566 sqft |
2021-02-01 | 0 days | 1,706 sqft |
2021-03-01 | 0 days | 1,692 sqft |
2021-04-01 | 0 days | 1,688 sqft |
2021-05-01 | 0 days | 1,512 sqft |
2021-06-01 | 0 days | 1,577 sqft |
2021-07-01 | 0 days | 1,612 sqft |
2021-08-01 | 0 days | 1,620 sqft |
2021-09-01 | 0 days | 1,620 sqft |
2021-10-01 | 0 days | 1,620 sqft |
2021-11-01 | 0 days | 1,620 sqft |
2021-12-01 | 0 days | 1,620 sqft |
2022-01-01 | 0 days | 1,620 sqft |
2022-02-01 | 0 days | 1,620 sqft |
2022-03-01 | 0 days | 1,620 sqft |
2022-04-01 | 0 days | 1,620 sqft |
2022-05-01 | 0 days | 1,668 sqft |
2022-06-01 | 0 days | 1,620 sqft |
2022-07-01 | 0 days | 1,592 sqft |
2022-08-01 | 0 days | 1,664 sqft |
2022-09-01 | 0 days | 1,569 sqft |
2022-10-01 | 0 days | 1,532 sqft |
2022-11-01 | 0 days | 1,609 sqft |
2022-12-01 | 0 days | 1,451 sqft |
2023-01-01 | 0 days | 1,465 sqft |
2023-02-01 | 0 days | 1,571 sqft |
2023-03-01 | 0 days | 1,573 sqft |
2023-04-01 | 0 days | 1,532 sqft |
2023-05-01 | 0 days | 1,680 sqft |
2023-06-01 | 0 days | 1,697 sqft |
2023-07-01 | 0 days | 1,856 sqft |
2023-08-01 | 0 days | 1,814 sqft |
2023-09-01 | 0 days | 1,671 sqft |
2023-10-01 | 0 days | 1,708 sqft |
2023-11-01 | 0 days | 1,779 sqft |
2023-12-01 | 0 days | 1,839 sqft |
2024-01-01 | 0 days | 1,780 sqft |
2024-02-01 | 0 days | 1,848 sqft |
2024-03-01 | 0 days | 1,722 sqft |
2024-04-01 | 0 days | 1,744 sqft |
2024-05-01 | 0 days | 1,835 sqft |
2024-06-01 | 0 days | 1,756 sqft |
2024-07-01 | 0 days | 1,801 sqft |
2024-08-01 | 0 days | 1,680 sqft |
2024-09-01 | 0 days | 1,685 sqft |
2024-10-01 | 0 days | 1,649 sqft |
Ashland's median square footage for active listings during the 2024-10-01 period was 1,649 sqft. One year prior, the average listing was 1,708 sqft.