Barnstable Town FHA Loan Rates, Closing Costs & Stats

BARNSTABLE TOWN, MA

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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.

    Barnstable Town's 63 lenders originated 317 FHA loans during 2024. The total origination value was $146,035,000, with an average FHA loan value of $460,678.

    Barnstable Town FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Barnstable Town averaged 6.41% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Barnstable Town's average FHA mortgage closing costs are $10,944.

    The average rate for the prior week (2025-03-28) was 6.81% and one month ago for the week of 2025-02-28, the average rate was 6.6%.

    The average rate one year ago was 7.12%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.56%.

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

    Barnstable Town 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 Barnstable Town level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 22 6.24% $18,103
    UNITED WHOLESALE MORTGAGE, LLC 20 6.04% $18,750
    CMG MORTGAGE, INC. 19 6.60% $17,408
    Flagstar Bank, FSB 16 6.16% $12,135
    FREEDOM MORTGAGE CORPORATION 14 6.19% $20,513
    NEWREZ LLC 12 6.29% $16,009
    The Cape Cod Five Cents Savings Bank 12 5.44% $12,588
    CROSSCOUNTRY MORTGAGE, LLC 11 6.65% $18,114
    FIRST MORTGAGE COMPANY, INC. 7 5.87% $14,219
    MUTUAL OF OMAHA MORTGAGE, INC. 6 6.42% $22,322
    BROKER SOLUTIONS, INC. 5 6.00% $16,921
    LOANDEPOT.COM, LLC 5 6.25% $18,545
    RADIUS FINANCIAL GROUP INC. 5 6.43% $17,855
    EMBRACE HOME LOANS, INC. 4 6.69% $13,948
    AMERISAVE MORTGAGE CORPORATION 4 5.91% $16,627
    PENNYMAC LOAN SERVICES, LLC 4 5.94% $11,836
    EQUITY RESOURCES, INC. 3 7.25% $12,833
    Fall River Five Cents Savings Bank 3 6.79% $12,656
    FIRST COMMUNITY MORTGAGE, INC. 3 6.58% $15,151
    GUILD MORTGAGE COMPANY 3 6.50% $20,268
    JMAC LENDING, INC. 3 6.21% $14,154
    Keystone Funding, Inc. 3 6.21% $13,988
    Leader Bank 3 6.12% $14,276
    MID AMERICA MORTGAGE, INC. 3 6.50% $11,172
    Mr. Cooper ( Nationstar Mortgage ) 3 6.42% $22,883
    BAYCOAST MORTGAGE COMPANY, LLC 3 5.79% $12,433
    ALLIED MORTGAGE GROUP, INC. 3 6.38% $11,137
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.19% $17,093
    MOVEMENT MORTGAGE, LLC 2 6.62% $14,489
    Residential Mortgage Solutions, Inc. 2 5.81% $19,526
    OCMBC, INC. 2 6.88% $23,284
    LAKEVIEW LOAN SERVICING, LLC 2 6.44% $9,682
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.75% $25,710
    LOANPAL, LLC 1 6.13% $18,534
    The Washington Trust Company, of Westerly 1 6.50% $15,357
    MILEND, INC. 1 6.99% $24,081
    TOTAL MORTGAGE SERVICES, LLC 1 6.75% $13,865
    Chickasaw Community Bank 1 5.88% $18,436
    NATIONS DIRECT MORTGAGE, LLC 1 6.25% $16,758
    Nations Lending Corporation 1 6.50% $15,494
    NEW FED MORTGAGE, CORP. 1 6.75% $16,946
    EMM LOANS LLC 1 5.75% $15,622
    NORWICH COMMERCIAL GROUP, INC. 1 7.88% $26,996
    Paramount Residential Mortgage Group, Inc. 1 7.13% $18,090
    WILLIAM RAVEIS MORTGAGE, LLC 1 7.00% $11,894
    PHH Mortgage Corporation 1 5.99% $15,852
    Plains Commerce Bank 1 6.75% $14,162
    PLANET HOME LENDING, LLC 1 6.63% $26,824
    Evolve Bank & Trust 1 5.62% $12,800
    PROVINCE MORTGAGE ASSOCIATES, INC. 1 7.13% $15,784
    FIRST COLONY MORTGAGE CORPORATION 1 5.13% $20,639
    Bank of England 1 6.63% $18,430
    FIRST HOME MORTGAGE CORPORATION 1 6.25% $20,516
    ABSOLUTE HOME MORTGAGE CORPORATION 1 5.75% $24,414
    Eastern Bank 1 5.75% $10,438
    Cornerstone First Mortgage, Inc 1 7.13% $17,352
    GUARANTEED RATE, INC. 1 4.63% $31,515
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $17,124
    HOMESIDE FINANCIAL, LLC 1 6.25% $40,978
    TD Bank 1 6.63% $9,000
    AMERICAN FINANCIAL NETWORK, INC. 1 5.75% $15,533
    LENOX FINANCIAL MORTGAGE CORPORATION 1 6.25% $9,665
    CHURCHILL MORTGAGE CORPORATION 1 6.25% $19,078

    The top Barnstable Town FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 22 FHA loans originated. Their average total fees are $18,103, which is $647 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Barnstable Town FHA lenders (with over 10 loans originated) are Flagstar Bank, FSB ($12,135), The Cape Cod Five Cents Savings Bank ($12,588), NEWREZ LLC ($16,009), CMG MORTGAGE, INC. ($17,408) and QUICKEN LOANS, LLC ($18,103).

    The lowest rate Barnstable Town FHA lenders (with over 10 loans originated) are The Cape Cod Five Cents Savings Bank (5.44%), UNITED WHOLESALE MORTGAGE, LLC (6.04%), Flagstar Bank, FSB (6.16%), FREEDOM MORTGAGE CORPORATION (6.19%) and QUICKEN LOANS, LLC (6.24%).

    Barnstable Town FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BARNSTABLE TOWN, MA BARNSTABLE 2022 $621,000 $795,000 $960,950 $1,194,250
    BARNSTABLE TOWN, MA BARNSTABLE 2023 $701,500 $898,050 $1,085,550 $1,349,050

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Barnstable Town (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 $599,000 (7.2%) $1,007,657 (2.5%) 2.22 1,839
    2018-02-01 $598,975 (3.3%) $996,429 (-0.7%) 2.17 1,835
    2018-03-01 $599,000 (1.1%) $1,029,816 (2.9%) 2.10 1,852
    2018-04-01 $628,000 (4.8%) $1,060,061 (6.1%) 2.13 1,978
    2018-05-01 $625,000 (6.0%) $1,030,800 (8.6%) 2.09 2,199
    2018-06-01 $609,900 (3.0%) $997,094 (5.7%) 2.03 2,378
    2018-07-01 $599,900 (0.8%) $988,500 (3.8%) 2.00 2,481
    2018-08-01 $599,000 (1.7%) $971,982 (0.7%) 2.01 2,594
    2018-09-01 $575,000 (-0.9%) $950,637 (-2.2%) 1.93 2,752
    2018-10-01 $565,000 (-1.7%) $936,797 (-1.0%) 1.91 2,812
    2018-11-01 $577,000 (-1.2%) $952,531 (0.4%) 1.96 2,652
    2018-12-01 $585,000 (-2.3%) $961,093 (-2.7%) 2.02 2,363
    2019-01-01 $569,450 (-4.9%) $955,768 (-5.2%) 1.97 2,068
    2019-02-01 $587,175 (-2.0%) $970,164 (-2.6%) 1.98 2,109
    2019-03-01 $596,686 (-0.4%) $979,804 (-4.9%) 1.95 2,230
    2019-04-01 $599,000 (-4.6%) $972,018 (-8.3%) 1.90 2,409
    2019-05-01 $599,000 (-4.2%) $973,992 (-5.5%) 1.87 2,535
    2019-06-01 $599,000 (-1.8%) $982,143 (-1.5%) 1.87 2,623
    2019-07-01 $599,900 (0.0%) $1,010,330 (2.2%) 1.88 2,616
    2019-08-01 $596,963 (-0.3%) $999,043 (2.8%) 1.89 2,617
    2019-09-01 $592,484 (3.0%) $982,814 (3.4%) 1.90 2,619
    2019-10-01 $587,000 (3.9%) $971,995 (3.8%) 1.89 2,604
    2019-11-01 $575,000 (-0.4%) $980,164 (2.9%) 1.89 2,376
    2019-12-01 $575,000 (-1.7%) $983,280 (2.3%) 1.92 2,091
    2020-01-01 $579,350 (1.7%) $1,007,052 (5.4%) 1.94 1,873
    2020-02-01 $599,900 (2.2%) $1,060,459 (9.3%) 1.96 1,785
    2020-03-01 $601,950 (0.9%) $1,046,236 (6.8%) 1.89 1,933
    2020-04-01 $602,000 (0.5%) $1,040,567 (7.1%) 1.89 1,975
    2020-05-01 $624,000 (4.2%) $1,055,268 (8.3%) 1.90 1,972
    2020-06-01 $642,400 (7.3%) $1,087,840 (10.8%) 1.89 1,737
    2020-07-01 $644,675 (7.5%) $1,127,724 (11.6%) 1.87 1,538
    2020-08-01 $650,000 (8.9%) $1,167,417 (16.9%) 1.86 1,308
    2020-09-01 $693,000 (17.0%) $1,231,651 (25.3%) 1.99 1,205
    2020-10-01 $661,000 (12.6%) $1,226,451 (26.2%) 1.89 1,124
    2020-11-01 $685,000 (19.1%) $1,268,973 (29.5%) 2.00 996
    2020-12-01 $699,000 (21.6%) $1,294,582 (31.7%) 2.08 840
    2021-01-01 $709,000 (22.4%) $1,406,116 (39.6%) 2.12 692
    2021-02-01 $749,475 (24.9%) $1,429,470 (34.8%) 2.18 583
    2021-03-01 $709,450 (17.9%) $1,471,288 (40.6%) 2.01 617
    2021-04-01 $699,500 (16.2%) $1,460,962 (40.4%) 1.89 578
    2021-05-01 $699,900 (12.2%) $1,417,800 (34.4%) 1.86 645
    2021-06-01 $725,000 (12.9%) $1,389,244 (27.7%) 1.91 705
    2021-07-01 $728,000 (12.9%) $1,366,010 (21.1%) 1.92 754
    2021-08-01 $713,225 (9.7%) $1,304,994 (11.8%) 1.90 783
    2021-09-01 $699,250 (0.9%) $1,277,606 (3.7%) 1.86 816
    2021-10-01 $739,450 (11.9%) $1,351,143 (10.2%) 1.97 767
    2021-11-01 $782,450 (14.2%) $1,474,219 (16.2%) 2.09 618
    2021-12-01 $825,000 (18.0%) $1,547,920 (19.6%) 2.23 487
    2022-01-01 $849,000 (19.8%) $1,613,059 (14.7%) 2.30 387
    2022-02-01 $849,500 (13.4%) $1,735,270 (21.4%) 2.21 360
    2022-03-01 $849,675 (19.8%) $1,726,101 (17.3%) 2.13 370
    2022-04-01 $799,948 (14.4%) $1,674,882 (14.6%) 1.91 414
    2022-05-01 $854,500 (22.1%) $1,614,580 (13.9%) 1.95 527
    2022-06-01 $848,500 (17.0%) $1,514,105 (9.0%) 1.89 644
    2022-07-01 $825,000 (13.3%) $1,467,633 (7.4%) 1.86 755
    2022-08-01 $799,900 (12.2%) $1,489,693 (14.2%) 1.85 783
    2022-09-01 $797,000 (14.0%) $1,470,803 (15.1%) 1.86 810
    2022-10-01 $775,000 (4.8%) $1,408,098 (4.2%) 1.82 860
    2022-11-01 $798,000 (2.0%) $1,432,258 (-2.9%) 1.92 829
    2022-12-01 $775,000 (-6.1%) $1,435,233 (-7.3%) 1.91 659
    2023-01-01 $824,000 (-2.9%) $1,478,748 (-8.3%) 2.04 535
    2023-02-01 $874,975 (3.0%) $1,590,661 (-8.3%) 2.11 505
    2023-03-01 $872,450 (2.7%) $1,702,484 (-1.4%) 2.06 507
    2023-04-01 $895,000 (11.9%) $1,729,764 (3.3%) 2.08 551
    2023-05-01 $923,000 (8.0%) $1,712,909 (6.1%) 2.09 620
    2023-06-01 $939,500 (10.7%) $1,722,181 (13.7%) 2.11 677
    2023-07-01 $949,000 (15.0%) $1,738,145 (18.4%) 2.16 688
    2023-08-01 $924,975 (15.6%) $1,770,882 (18.9%) 2.12 718
    2023-09-01 $949,000 (19.1%) $1,670,230 (13.6%) 2.21 761
    2023-10-01 $897,000 (15.7%) $1,580,503 (12.2%) 2.11 851
    2023-11-01 $872,500 (9.3%) $1,574,014 (9.9%) 2.08 845
    2023-12-01 $879,000 (13.4%) $1,634,329 (13.9%) 2.14 704
    2024-01-01 $929,950 (12.9%) $1,706,350 (15.4%) 2.27 591
    2024-02-01 $915,725 (4.7%) $1,700,646 (6.9%) 2.20 603
    2024-03-01 $985,000 (12.9%) $1,762,297 (3.5%) 2.32 641
    2024-04-01 $997,000 (11.4%) $1,760,863 (1.8%) 2.32 730
    2024-05-01 $993,725 (7.7%) $1,683,978 (-1.7%) 2.26 877
    2024-06-01 $972,000 (3.5%) $1,644,633 (-4.5%) 2.21 984
    2024-07-01 $974,500 (2.7%) $1,667,809 (-4.1%) 2.23 997
    2024-08-01 $940,000 (1.6%) $1,651,242 (-6.8%) 2.19 1,020
    2024-09-01 $899,950 (-5.2%) $1,592,457 (-4.7%) 2.12 1,153
    2024-10-01 $899,000 (0.2%) $1,623,244 (2.7%) 2.12 1,168
    2024-11-01 $874,900 (0.3%) $1,588,963 (1.0%) 2.10 1,095
    2024-12-01 $867,500 (-1.3%) $1,596,854 (-2.3%) 2.16 822
    2025-01-01 $881,697 (-5.2%) $1,546,892 (-9.3%) 2.20 699
    2025-02-01 $910,000 (-0.6%) $1,585,240 (-6.8%) 2.21 735
    2025-03-01 $925,000 (-6.1%) $1,579,705 (-10.4%) 0.00 801
    Barnstable Town's median listing price for 2025-03-01 was $925,000, a difference of $-60,000 (-6.1%) versus the prior year and $15,000 versus the prior month.

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

    Barnstable Town's average listing price for 2025-03-01 was $1,579,705, a difference of $-182,592 (-10.4%) versus the prior year and $-5,535 versus the prior month.

    For the 2025-03-01 period, Barnstable Town had 801 MLS listings, a difference of 66 listings (9%) versus the prior month and 160 listings (25%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Barnstable Town (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 108 days 1,899 sqft
    2018-02-01 112 days 1,905 sqft
    2018-03-01 97 days 1,907 sqft
    2018-04-01 66 days 1,960 sqft
    2018-05-01 57 days 1,952 sqft
    2018-06-01 57 days 1,900 sqft
    2018-07-01 65 days 1,889 sqft
    2018-08-01 71 days 1,858 sqft
    2018-09-01 71 days 1,848 sqft
    2018-10-01 71 days 1,820 sqft
    2018-11-01 77 days 1,829 sqft
    2018-12-01 94 days 1,808 sqft
    2019-01-01 108 days 1,803 sqft
    2019-02-01 114 days 1,809 sqft
    2019-03-01 96 days 1,834 sqft
    2019-04-01 70 days 1,854 sqft
    2019-05-01 64 days 1,821 sqft
    2019-06-01 67 days 1,824 sqft
    2019-07-01 75 days 1,830 sqft
    2019-08-01 80 days 1,829 sqft
    2019-09-01 83 days 1,818 sqft
    2019-10-01 84 days 1,807 sqft
    2019-11-01 86 days 1,806 sqft
    2019-12-01 103 days 1,804 sqft
    2020-01-01 110 days 1,800 sqft
    2020-02-01 104 days 1,848 sqft
    2020-03-01 73 days 1,852 sqft
    2020-04-01 79 days 1,845 sqft
    2020-05-01 89 days 1,848 sqft
    2020-06-01 98 days 1,878 sqft
    2020-07-01 83 days 1,858 sqft
    2020-08-01 74 days 1,858 sqft
    2020-09-01 63 days 1,838 sqft
    2020-10-01 58 days 1,801 sqft
    2020-11-01 67 days 1,773 sqft
    2020-12-01 83 days 1,812 sqft
    2021-01-01 91 days 1,830 sqft
    2021-02-01 98 days 1,831 sqft
    2021-03-01 73 days 1,820 sqft
    2021-04-01 48 days 1,800 sqft
    2021-05-01 41 days 1,820 sqft
    2021-06-01 39 days 1,815 sqft
    2021-07-01 45 days 1,800 sqft
    2021-08-01 47 days 1,783 sqft
    2021-09-01 52 days 1,769 sqft
    2021-10-01 57 days 1,790 sqft
    2021-11-01 67 days 1,803 sqft
    2021-12-01 85 days 1,856 sqft
    2022-01-01 88 days 1,839 sqft
    2022-02-01 71 days 1,894 sqft
    2022-03-01 45 days 1,888 sqft
    2022-04-01 36 days 1,788 sqft
    2022-05-01 31 days 1,869 sqft
    2022-06-01 32 days 1,884 sqft
    2022-07-01 38 days 1,915 sqft
    2022-08-01 47 days 1,975 sqft
    2022-09-01 53 days 1,932 sqft
    2022-10-01 49 days 1,887 sqft
    2022-11-01 51 days 1,858 sqft
    2022-12-01 71 days 1,830 sqft
    2023-01-01 80 days 1,824 sqft
    2023-02-01 84 days 1,926 sqft
    2023-03-01 56 days 1,894 sqft
    2023-04-01 46 days 1,928 sqft
    2023-05-01 41 days 1,892 sqft
    2023-06-01 45 days 1,905 sqft
    2023-07-01 52 days 1,884 sqft
    2023-08-01 54 days 1,885 sqft
    2023-09-01 49 days 1,892 sqft
    2023-10-01 49 days 1,852 sqft
    2023-11-01 53 days 1,770 sqft
    2023-12-01 71 days 1,825 sqft
    2024-01-01 82 days 1,856 sqft
    2024-02-01 77 days 1,875 sqft
    2024-03-01 52 days 1,920 sqft
    2024-04-01 44 days 1,939 sqft
    2024-05-01 38 days 1,922 sqft
    2024-06-01 44 days 1,864 sqft
    2024-07-01 56 days 1,862 sqft
    2024-08-01 60 days 1,821 sqft
    2024-09-01 53 days 1,831 sqft
    2024-10-01 53 days 1,855 sqft
    2024-11-01 63 days 1,837 sqft
    2024-12-01 76 days 1,818 sqft
    2025-01-01 87 days 1,808 sqft
    2025-02-01 86 days 1,790 sqft
    2025-03-01 0 days 1,837 sqft
    Barnstable Town's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Barnstable Town's median square footage for active listings during the 2025-03-01 period was 1,837 sqft. One year prior, the average listing was 1,920 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).