Astoria FHA Loan Rates, Closing Costs & Stats

Astoria, OR

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.

Astoria's 26 lenders originated 83 FHA loans during 2023. The total origination value was $29,715,000, with an average FHA loan value of $358,012.

Astoria FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Astoria averaged 0.08% for the week of 2024-11-29, compared to the national average (all FHA variants) of 0% for the same period.

Astoria's average FHA mortgage closing costs are $10,643.

The average rate for the prior week (2024-11-22) was 6.37% and one month ago for the week of 2024-10-25, the average rate was 6.55%.

The average rate one year ago was 7.34%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.2%.

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

Astoria 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 Astoria level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CHURCHILL MORTGAGE CORPORATION 14 6.42% $15,726
Golden Empire Mortgage, Inc. 13 6.50% $18,098
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.77% $16,052
UNITED WHOLESALE MORTGAGE, LLC 4 6.01% $16,914
NATIONS DIRECT MORTGAGE, LLC 4 6.97% $18,683
LOANDEPOT.COM, LLC 3 6.92% $19,289
Evolve Bank & Trust 2 6.94% $14,909
GUILD MORTGAGE COMPANY 2 7.19% $16,090
PANORAMA MORTGAGE GROUP, LLC 2 6.44% $18,287
QUICKEN LOANS, LLC 2 6.19% $9,755
PENNYMAC LOAN SERVICES, LLC 1 6.25% $11,073
Prosperity Home Mortgage, LLC 1 6.63% $23,161
RANLIFE, INC. 1 6.25% $22,224
RELIANCE FIRST CAPITAL, LLC 1 6.13% $13,960
Sierra Pacific Mortgage Company, Inc. 1 6.63% $11,432
SUMMIT MORTGAGE CORPORATION 1 7.25% $12,439
MANN FINANCIAL INC. 1 6.88% $19,562
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.99% $19,116
CALCON MUTUAL MORTGAGE LLC 1 7.13% $14,731
CARDINAL FINANCIAL 1 6.99% $11,599
Commerce Home Mortgage, Inc. 1 7.13% $15,234
CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $11,122
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.99% $29,932
ACADEMY MORTGAGE CORPORATION 1 7.75% $20,974
MLD MORTGAGE INC. 1 6.00% $13,105
NEWREZ LLC 1 6.75% $19,987

The top Astoria FHA lender as defined by loan originations is CHURCHILL MORTGAGE CORPORATION, with 14 FHA loans originated. Their average total fees are $15,726, which is $2,372 lower than the next largest lender, Golden Empire Mortgage, Inc..

The lowest fee Astoria FHA lenders (with over 10 loans originated) are CHURCHILL MORTGAGE CORPORATION ($15,726), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($16,052), Golden Empire Mortgage, Inc. ($18,098), .

The lowest rate Astoria FHA lenders (with over 10 loans originated) are CHURCHILL MORTGAGE CORPORATION (6.42%), Golden Empire Mortgage, Inc. (6.50%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.77%), .

Astoria FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
ASTORIA, OR CLATSOP 2022 $437,000 $559,450 $676,200 $840,400
ASTORIA, OR CLATSOP 2023 $529,000 $677,200 $818,600 $1,017,300

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Astoria (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 $372,238 (0.5%) $521,807 (6.7%) 0.00 303
2018-02-01 $371,950 (3.7%) $521,857 (10.9%) 0.00 303
2018-03-01 $399,000 (12.5%) $562,813 (16.2%) 0.00 314
2018-04-01 $424,500 (17.9%) $563,682 (11.9%) 0.00 326
2018-05-01 $444,000 (27.1%) $562,545 (15.4%) 0.00 352
2018-06-01 $435,000 (23.5%) $546,302 (8.9%) 0.00 370
2018-07-01 $432,125 (20.5%) $540,170 (4.6%) 0.00 390
2018-08-01 $437,225 (21.5%) $555,401 (6.2%) 0.00 375
2018-09-01 $438,500 (19.2%) $560,345 (9.3%) 0.00 361
2018-10-01 $417,500 (11.3%) $550,996 (6.0%) 0.00 350
2018-11-01 $410,000 (10.2%) $557,323 (5.1%) 0.00 314
2018-12-01 $412,000 (9.9%) $566,325 (6.8%) 0.00 292
2019-01-01 $416,450 (11.9%) $556,221 (6.6%) 0.00 258
2019-02-01 $434,500 (16.8%) $570,116 (9.3%) 0.00 251
2019-03-01 $449,886 (12.8%) $581,617 (3.3%) 0.00 263
2019-04-01 $462,586 (9.0%) $590,085 (4.7%) 0.00 290
2019-05-01 $464,150 (4.5%) $611,626 (8.7%) 0.00 315
2019-06-01 $459,250 (5.6%) $619,204 (13.3%) 0.00 337
2019-07-01 $458,000 (6.0%) $599,853 (11.1%) 0.00 356
2019-08-01 $456,395 (4.4%) $608,630 (9.6%) 0.00 336
2019-09-01 $452,489 (3.2%) $618,005 (10.3%) 0.00 308
2019-10-01 $449,884 (7.8%) $624,255 (13.3%) 0.00 288
2019-11-01 $449,450 (9.6%) $627,259 (12.6%) 0.00 260
2019-12-01 $445,725 (8.2%) $619,941 (9.5%) 0.00 248
2020-01-01 $440,713 (5.8%) $606,920 (9.1%) 0.00 220
2020-02-01 $430,000 (-1.0%) $595,216 (4.4%) 0.00 217
2020-03-01 $436,750 (-2.9%) $586,380 (0.8%) 0.00 237
2020-04-01 $439,250 (-5.0%) $603,533 (2.3%) 0.00 240
2020-05-01 $435,000 (-6.3%) $603,347 (-1.4%) 0.00 232
2020-06-01 $437,625 (-4.7%) $619,157 (0.0%) 0.00 216
2020-07-01 $439,000 (-4.2%) $609,459 (1.6%) 0.00 195
2020-08-01 $450,000 (-1.4%) $636,560 (4.6%) 0.00 171
2020-09-01 $428,000 (-5.4%) $604,082 (-2.3%) 0.00 149
2020-10-01 $428,000 (-4.9%) $618,009 (-1.0%) 0.00 120
2020-11-01 $434,750 (-3.3%) $631,031 (0.6%) 0.00 102
2020-12-01 $428,000 (-4.0%) $653,165 (5.4%) 0.00 89
2021-01-01 $466,000 (5.7%) $686,477 (13.1%) 0.00 92
2021-02-01 $489,000 (13.7%) $688,215 (15.6%) 0.00 77
2021-03-01 $496,425 (13.7%) $695,276 (18.6%) 0.00 72
2021-04-01 $508,075 (15.7%) $671,669 (11.3%) 0.00 63
2021-05-01 $575,450 (32.3%) $693,468 (14.9%) 0.00 81
2021-06-01 $560,350 (28.0%) $695,904 (12.4%) 0.00 112
2021-07-01 $572,400 (30.4%) $730,707 (19.9%) 0.00 120
2021-08-01 $585,000 (30.0%) $749,766 (17.8%) 0.00 127
2021-09-01 $612,608 (43.1%) $800,477 (32.5%) 0.00 124
2021-10-01 $599,000 (40.0%) $802,436 (29.8%) 0.00 103
2021-11-01 $591,225 (36.0%) $775,111 (22.8%) 0.00 92
2021-12-01 $561,750 (31.3%) $711,789 (9.0%) 0.00 89
2022-01-01 $549,900 (18.0%) $708,450 (3.2%) 0.00 70
2022-02-01 $587,000 (20.0%) $768,617 (11.7%) 0.00 72
2022-03-01 $589,000 (18.7%) $782,552 (12.6%) 0.00 67
2022-04-01 $615,000 (21.1%) $802,974 (19.6%) 0.00 87
2022-05-01 $642,000 (11.6%) $793,903 (14.5%) 0.00 119
2022-06-01 $629,000 (12.3%) $768,008 (10.4%) 0.00 150
2022-07-01 $619,000 (8.1%) $757,551 (3.7%) 0.00 176
2022-08-01 $624,000 (6.7%) $775,966 (3.5%) 0.00 172
2022-09-01 $619,000 (1.0%) $787,605 (-1.6%) 0.00 171
2022-10-01 $599,000 (0.0%) $743,382 (-7.4%) 0.00 176
2022-11-01 $599,000 (1.3%) $729,400 (-5.9%) 0.00 174
2022-12-01 $623,000 (10.9%) $719,695 (1.1%) 0.00 133
2023-01-01 $605,725 (10.2%) $669,788 (-5.5%) 0.00 128
2023-02-01 $614,338 (4.7%) $684,923 (-10.9%) 0.00 116
2023-03-01 $609,000 (3.4%) $708,487 (-9.5%) 0.00 139
2023-04-01 $629,000 (2.3%) $774,034 (-3.6%) 0.00 146
2023-05-01 $637,000 (-0.8%) $797,303 (0.4%) 0.00 158
2023-06-01 $629,000 (0.0%) $814,613 (6.1%) 0.00 169
2023-07-01 $624,999 (1.0%) $808,824 (6.8%) 0.00 190
2023-08-01 $599,450 (-3.9%) $781,710 (0.7%) 0.00 203
2023-09-01 $599,000 (-3.2%) $791,548 (0.5%) 0.00 200
2023-10-01 $599,000 (0.0%) $799,419 (7.5%) 0.00 209
2023-11-01 $572,000 (-4.5%) $788,433 (8.1%) 0.00 199
2023-12-01 $559,000 (-10.3%) $781,212 (8.6%) 0.00 169
2024-01-01 $596,500 (-1.5%) $806,906 (20.5%) 0.00 151
2024-02-01 $591,950 (-3.6%) $843,651 (23.2%) 0.00 154
2024-03-01 $625,000 (2.6%) $889,803 (25.6%) 0.00 161
2024-04-01 $624,999 (-0.6%) $860,467 (11.2%) 0.00 170
2024-05-01 $624,999 (-1.9%) $903,441 (13.3%) 0.00 194
2024-06-01 $625,000 (-0.6%) $955,421 (17.3%) 0.00 215
2024-07-01 $649,750 (4.0%) $950,549 (17.5%) 0.00 231
2024-08-01 $650,000 (8.4%) $961,307 (23.0%) 0.00 242
2024-09-01 $640,000 (6.8%) $930,650 (17.6%) 0.00 244
2024-10-01 $623,749 (4.1%) $902,529 (12.9%) 0.00 240
Astoria's median listing price for 2024-10-01 was $623,749, a difference of $24,749 (4.1%) versus the prior year and $-16,251 versus the prior month.

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

Astoria's average listing price for 2024-10-01 was $902,529, a difference of $103,110 (12.9%) versus the prior year and $-28,121 versus the prior month.

For the 2024-10-01 period, Astoria had 240 MLS listings, a difference of -4 listings (-2%) versus the prior month and 31 listings (15%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Astoria (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,740 sqft
2018-02-01 0 days 1,851 sqft
2018-03-01 0 days 1,877 sqft
2018-04-01 0 days 1,878 sqft
2018-05-01 0 days 1,926 sqft
2018-06-01 0 days 1,960 sqft
2018-07-01 0 days 1,947 sqft
2018-08-01 0 days 2,000 sqft
2018-09-01 0 days 1,998 sqft
2018-10-01 0 days 1,916 sqft
2018-11-01 0 days 1,881 sqft
2018-12-01 0 days 1,791 sqft
2019-01-01 0 days 1,779 sqft
2019-02-01 0 days 1,872 sqft
2019-03-01 0 days 1,897 sqft
2019-04-01 0 days 1,920 sqft
2019-05-01 0 days 1,913 sqft
2019-06-01 0 days 1,922 sqft
2019-07-01 0 days 1,914 sqft
2019-08-01 0 days 1,943 sqft
2019-09-01 0 days 1,973 sqft
2019-10-01 0 days 1,994 sqft
2019-11-01 0 days 2,033 sqft
2019-12-01 0 days 2,046 sqft
2020-01-01 0 days 2,057 sqft
2020-02-01 0 days 1,936 sqft
2020-03-01 0 days 1,922 sqft
2020-04-01 0 days 1,936 sqft
2020-05-01 0 days 1,908 sqft
2020-06-01 0 days 1,889 sqft
2020-07-01 0 days 1,888 sqft
2020-08-01 0 days 1,991 sqft
2020-09-01 0 days 1,898 sqft
2020-10-01 0 days 1,819 sqft
2020-11-01 0 days 1,829 sqft
2020-12-01 0 days 1,762 sqft
2021-01-01 0 days 1,771 sqft
2021-02-01 0 days 1,764 sqft
2021-03-01 0 days 1,756 sqft
2021-04-01 0 days 1,847 sqft
2021-05-01 0 days 1,970 sqft
2021-06-01 0 days 1,893 sqft
2021-07-01 0 days 1,898 sqft
2021-08-01 0 days 1,862 sqft
2021-09-01 0 days 1,857 sqft
2021-10-01 0 days 1,854 sqft
2021-11-01 0 days 1,792 sqft
2021-12-01 0 days 1,710 sqft
2022-01-01 0 days 1,704 sqft
2022-02-01 0 days 1,782 sqft
2022-03-01 0 days 1,921 sqft
2022-04-01 0 days 1,805 sqft
2022-05-01 0 days 1,917 sqft
2022-06-01 0 days 1,903 sqft
2022-07-01 0 days 1,806 sqft
2022-08-01 0 days 1,790 sqft
2022-09-01 0 days 1,829 sqft
2022-10-01 0 days 1,766 sqft
2022-11-01 0 days 1,745 sqft
2022-12-01 0 days 1,742 sqft
2023-01-01 0 days 1,750 sqft
2023-02-01 0 days 1,763 sqft
2023-03-01 0 days 1,763 sqft
2023-04-01 0 days 1,845 sqft
2023-05-01 0 days 1,915 sqft
2023-06-01 0 days 1,999 sqft
2023-07-01 0 days 1,872 sqft
2023-08-01 0 days 1,852 sqft
2023-09-01 0 days 1,849 sqft
2023-10-01 0 days 1,878 sqft
2023-11-01 0 days 1,898 sqft
2023-12-01 0 days 1,824 sqft
2024-01-01 0 days 1,866 sqft
2024-02-01 0 days 1,911 sqft
2024-03-01 0 days 1,936 sqft
2024-04-01 0 days 1,939 sqft
2024-05-01 0 days 1,961 sqft
2024-06-01 0 days 1,991 sqft
2024-07-01 0 days 1,979 sqft
2024-08-01 0 days 2,004 sqft
2024-09-01 0 days 2,010 sqft
2024-10-01 0 days 1,981 sqft
Astoria's median listing age (time on market) for 2024-10-01 was 0 days.

Astoria's median square footage for active listings during the 2024-10-01 period was 1,981 sqft. One year prior, the average listing was 1,878 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).