Atchison FHA Loan Rates, Closing Costs & Stats

Atchison, KS

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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.

    Atchison's 19 lenders originated 32 FHA loans during 2023. The total origination value was $5,670,000, with an average FHA loan value of $177,188.

    Atchison FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Atchison averaged -0.18% for the week of 2024-11-15, compared to the national average (all FHA variants) of 0% for the same period.

    Atchison's average FHA mortgage closing costs are $5,626.

    The average rate for the prior week (2024-11-08) was 6.23% and one month ago for the week of 2024-10-11, the average rate was 6.03%.

    The average rate one year ago was 7.47%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.2%.

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

    Atchison 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 Atchison level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 6 6.29% $8,971
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 7.08% $6,928
    LOANDEPOT.COM, LLC 2 5.49% $12,405
    Mr. Cooper ( Nationstar Mortgage ) 2 5.94% $12,226
    Mortgage Investment Services Corporation 2 7.06% $5,471
    UNITED WHOLESALE MORTGAGE, LLC 2 5.94% $7,564
    Armed Forces Bank 2 7.25% $9,221
    FREEDOM MORTGAGE CORPORATION 1 7.25% $13,318
    JLB CORPORATION 1 5.75% $8,226
    LEADERONE FINANCIAL CORPORATION 1 6.13% $8,779
    NEWREZ LLC 1 7.25% $6,804
    United Fidelity Funding Corp. 1 7.25% $5,850
    ZILLOW HOME LOANS, LLC 1 6.13% $9,914
    BAY EQUITY LLC 1 7.25% $7,029
    BROKER SOLUTIONS, INC. 1 6.75% $12,546
    COMMUNITYAMERICA 1 6.63% $4,857
    CROSSCOUNTRY MORTGAGE, LLC 1 6.63% $6,475
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $5,825
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 7.13% $8,069

    The top Atchison FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 6 FHA loans originated. Their average total fees are $8,971, which is $2,043 higher than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

    The lowest fee Atchison FHA lenders (with over 10 loans originated) are .

    The lowest rate Atchison FHA lenders (with over 10 loans originated) are .

    Atchison FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Atchison (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 $72,975 (-18.3%) $104,620 (0.0%) 0.00 56
    2018-02-01 $78,850 (-23.6%) $109,022 (-2.2%) 0.00 55
    2018-03-01 $78,500 (-21.7%) $107,965 (3.3%) 0.00 63
    2018-04-01 $85,000 (-14.9%) $120,468 (12.0%) 0.00 68
    2018-05-01 $99,963 (0.1%) $132,525 (17.2%) 0.00 62
    2018-06-01 $94,000 (-3.3%) $119,080 (1.1%) 0.00 65
    2018-07-01 $93,250 (-6.3%) $118,147 (-2.8%) 0.00 70
    2018-08-01 $96,250 (1.3%) $129,269 (12.3%) 0.00 67
    2018-09-01 $109,500 (15.3%) $135,347 (18.1%) 0.00 58
    2018-10-01 $105,750 (27.0%) $132,881 (22.8%) 0.00 56
    2018-11-01 $92,970 (20.4%) $133,034 (23.3%) 0.00 53
    2018-12-01 $89,400 (22.5%) $138,495 (38.9%) 0.00 46
    2019-01-01 $88,750 (21.6%) $139,929 (33.8%) 0.00 42
    2019-02-01 $69,700 (-11.6%) $122,153 (12.0%) 0.00 34
    2019-03-01 $70,143 (-10.7%) $118,416 (9.7%) 0.00 37
    2019-04-01 $76,500 (-10.0%) $118,958 (-1.3%) 0.00 45
    2019-05-01 $78,000 (-22.0%) $110,798 (-16.4%) 0.00 51
    2019-06-01 $89,900 (-4.4%) $113,514 (-4.7%) 0.00 46
    2019-07-01 $92,750 (-0.5%) $135,200 (14.4%) 0.00 38
    2019-08-01 $91,818 (-4.6%) $141,387 (9.4%) 0.00 36
    2019-09-01 $91,920 (-16.1%) $150,925 (11.5%) 0.00 37
    2019-10-01 $87,939 (-16.8%) $156,893 (18.1%) 0.00 35
    2019-11-01 $72,000 (-22.6%) $133,133 (0.1%) 0.00 35
    2019-12-01 $76,200 (-14.8%) $137,947 (-0.4%) 0.00 36
    2020-01-01 $71,375 (-19.6%) $131,631 (-5.9%) 0.00 33
    2020-02-01 $86,450 (24.0%) $141,503 (15.8%) 0.00 34
    2020-03-01 $75,750 (8.0%) $132,594 (12.0%) 0.00 34
    2020-04-01 $83,875 (9.6%) $141,657 (19.1%) 0.00 33
    2020-05-01 $119,500 (53.2%) $155,358 (40.2%) 0.00 36
    2020-06-01 $124,750 (38.8%) $154,335 (36.0%) 0.00 37
    2020-07-01 $118,000 (27.2%) $141,591 (4.7%) 0.00 37
    2020-08-01 $117,500 (28.0%) $144,300 (2.1%) 0.00 24
    2020-09-01 $127,500 (38.7%) $171,110 (13.4%) 0.00 22
    2020-10-01 $117,500 (33.6%) $170,129 (8.4%) 0.00 19
    2020-11-01 $114,950 (59.7%) $171,143 (28.6%) 0.00 26
    2020-12-01 $114,175 (49.8%) $156,655 (13.6%) 0.00 27
    2021-01-01 $101,950 (42.8%) $174,212 (32.4%) 0.00 23
    2021-02-01 $100,475 (16.2%) $180,248 (27.4%) 0.00 15
    2021-03-01 $103,450 (36.6%) $143,668 (8.4%) 0.00 15
    2021-04-01 $91,950 (9.6%) $195,091 (37.7%) 0.00 11
    2021-05-01 $122,750 (2.7%) $199,274 (28.3%) 0.00 15
    2021-06-01 $140,000 (12.2%) $203,172 (31.6%) 0.00 23
    2021-07-01 $135,000 (14.4%) $228,822 (61.6%) 0.00 26
    2021-08-01 $126,125 (7.3%) $206,746 (43.3%) 0.00 32
    2021-09-01 $128,549 (0.8%) $234,687 (37.2%) 0.00 31
    2021-10-01 $119,900 (2.0%) $216,337 (27.2%) 0.00 27
    2021-11-01 $107,375 (-6.6%) $201,075 (17.5%) 0.00 25
    2021-12-01 $94,450 (-17.3%) $165,833 (5.9%) 0.00 24
    2022-01-01 $88,950 (-12.8%) $158,385 (-9.1%) 0.00 21
    2022-02-01 $92,500 (-7.9%) $148,875 (-17.4%) 0.00 19
    2022-03-01 $97,500 (-5.8%) $169,857 (18.2%) 0.00 17
    2022-04-01 $134,950 (46.8%) $151,290 (-22.5%) 0.00 14
    2022-05-01 $136,500 (11.2%) $206,120 (3.4%) 0.00 15
    2022-06-01 $134,375 (-4.0%) $201,299 (-0.9%) 0.00 17
    2022-07-01 $135,000 (0.0%) $194,177 (-15.1%) 0.00 20
    2022-08-01 $135,000 (7.0%) $177,341 (-14.2%) 0.00 21
    2022-09-01 $123,750 (-3.7%) $190,487 (-18.8%) 0.00 21
    2022-10-01 $127,000 (5.9%) $145,143 (-32.9%) 0.00 21
    2022-11-01 $125,500 (16.9%) $145,523 (-27.6%) 0.00 25
    2022-12-01 $122,450 (29.7%) $147,205 (-11.2%) 0.00 17
    2023-01-01 $116,150 (30.6%) $128,920 (-18.6%) 0.00 18
    2023-02-01 $110,625 (19.6%) $131,959 (-11.4%) 0.00 15
    2023-03-01 $120,000 (23.1%) $132,296 (-22.1%) 0.00 17
    2023-04-01 $120,000 (-11.1%) $150,899 (-0.3%) 0.00 16
    2023-05-01 $120,000 (-12.1%) $138,887 (-32.6%) 0.00 19
    2023-06-01 $129,500 (-3.6%) $159,947 (-20.5%) 0.00 21
    2023-07-01 $165,000 (22.2%) $168,648 (-13.2%) 0.00 29
    2023-08-01 $165,000 (22.2%) $184,542 (4.1%) 0.00 21
    2023-09-01 $165,000 (33.3%) $164,624 (-13.6%) 0.00 34
    2023-10-01 $152,100 (19.8%) $167,668 (15.5%) 0.00 39
    2023-11-01 $147,750 (17.7%) $172,649 (18.6%) 0.00 38
    2023-12-01 $143,375 (17.1%) $171,526 (16.5%) 0.00 30
    2024-01-01 $140,638 (21.1%) $164,680 (27.7%) 0.00 26
    2024-02-01 $138,938 (25.6%) $157,855 (19.6%) 0.00 24
    2024-03-01 $145,000 (20.8%) $171,881 (29.9%) 0.00 24
    2024-04-01 $146,875 (22.4%) $196,549 (30.3%) 0.00 24
    2024-05-01 $157,125 (30.9%) $213,901 (54.0%) 0.00 29
    2024-06-01 $184,500 (42.5%) $232,346 (45.3%) 0.00 28
    2024-07-01 $235,625 (42.8%) $247,642 (46.8%) 0.00 35
    2024-08-01 $212,450 (28.8%) $224,554 (21.7%) 0.00 41
    2024-09-01 $192,250 (16.5%) $217,679 (32.2%) 0.00 41
    2024-10-01 $193,875 (27.5%) $228,679 (36.4%) 0.00 41
    Atchison's median listing price for 2024-10-01 was $193,875, a difference of $41,775 (27.5%) versus the prior year and $1,625 versus the prior month.

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

    Atchison's average listing price for 2024-10-01 was $228,679, a difference of $61,011 (36.4%) versus the prior year and $11,000 versus the prior month.

    For the 2024-10-01 period, Atchison had 41 MLS listings, a difference of 0 listings (0%) versus the prior month and 2 listings (5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Atchison (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,526 sqft
    2018-02-01 0 days 1,556 sqft
    2018-03-01 0 days 1,564 sqft
    2018-04-01 0 days 1,622 sqft
    2018-05-01 0 days 1,712 sqft
    2018-06-01 0 days 1,723 sqft
    2018-07-01 0 days 1,784 sqft
    2018-08-01 0 days 1,821 sqft
    2018-09-01 0 days 1,932 sqft
    2018-10-01 0 days 1,931 sqft
    2018-11-01 0 days 1,684 sqft
    2018-12-01 0 days 1,656 sqft
    2019-01-01 0 days 1,668 sqft
    2019-02-01 0 days 1,336 sqft
    2019-03-01 0 days 1,391 sqft
    2019-04-01 0 days 1,473 sqft
    2019-05-01 0 days 1,456 sqft
    2019-06-01 0 days 1,461 sqft
    2019-07-01 0 days 1,582 sqft
    2019-08-01 0 days 1,624 sqft
    2019-09-01 0 days 1,686 sqft
    2019-10-01 0 days 1,658 sqft
    2019-11-01 0 days 1,591 sqft
    2019-12-01 0 days 1,372 sqft
    2020-01-01 0 days 1,267 sqft
    2020-02-01 0 days 1,459 sqft
    2020-03-01 0 days 1,495 sqft
    2020-04-01 0 days 1,469 sqft
    2020-05-01 0 days 1,692 sqft
    2020-06-01 0 days 2,043 sqft
    2020-07-01 0 days 1,984 sqft
    2020-08-01 0 days 2,016 sqft
    2020-09-01 0 days 2,027 sqft
    2020-10-01 0 days 2,079 sqft
    2020-11-01 0 days 1,872 sqft
    2020-12-01 0 days 1,811 sqft
    2021-01-01 0 days 1,844 sqft
    2021-02-01 0 days 1,837 sqft
    2021-03-01 0 days 1,810 sqft
    2021-04-01 0 days 1,517 sqft
    2021-05-01 0 days 1,500 sqft
    2021-06-01 0 days 1,694 sqft
    2021-07-01 0 days 1,962 sqft
    2021-08-01 0 days 1,919 sqft
    2021-09-01 0 days 1,941 sqft
    2021-10-01 0 days 1,960 sqft
    2021-11-01 0 days 1,581 sqft
    2021-12-01 0 days 1,603 sqft
    2022-01-01 0 days 1,651 sqft
    2022-02-01 0 days 1,568 sqft
    2022-03-01 0 days 1,648 sqft
    2022-04-01 0 days 1,648 sqft
    2022-05-01 0 days 1,216 sqft
    2022-06-01 0 days 1,349 sqft
    2022-07-01 0 days 1,350 sqft
    2022-08-01 0 days 1,598 sqft
    2022-09-01 0 days 1,727 sqft
    2022-10-01 0 days 1,870 sqft
    2022-11-01 0 days 1,850 sqft
    2022-12-01 0 days 1,780 sqft
    2023-01-01 0 days 1,782 sqft
    2023-02-01 0 days 1,686 sqft
    2023-03-01 0 days 1,348 sqft
    2023-04-01 0 days 1,756 sqft
    2023-05-01 0 days 1,674 sqft
    2023-06-01 0 days 1,748 sqft
    2023-07-01 0 days 1,807 sqft
    2023-08-01 0 days 1,768 sqft
    2023-09-01 0 days 1,520 sqft
    2023-10-01 0 days 1,532 sqft
    2023-11-01 0 days 1,495 sqft
    2023-12-01 0 days 1,486 sqft
    2024-01-01 0 days 1,403 sqft
    2024-02-01 0 days 1,494 sqft
    2024-03-01 0 days 1,486 sqft
    2024-04-01 0 days 1,551 sqft
    2024-05-01 0 days 1,551 sqft
    2024-06-01 0 days 1,690 sqft
    2024-07-01 0 days 1,896 sqft
    2024-08-01 0 days 1,765 sqft
    2024-09-01 0 days 1,757 sqft
    2024-10-01 0 days 1,770 sqft
    Atchison's median listing age (time on market) for 2024-10-01 was 0 days.

    Atchison's median square footage for active listings during the 2024-10-01 period was 1,770 sqft. One year prior, the average listing was 1,532 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).