Barnstable Town FHA Loans
BARNSTABLE TOWN, MA
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 74 lenders originated 615 FHA loans during 2021. The total origination value was $231,435,000, with an average FHA loan value of $376,317.
Barnstable Town FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Barnstable Town
averaged
5.14%
for the week of 2022-08-05, compared to the national average (all FHA variants) of
5.305% for the same period.
The average rate for the prior week (2022-07-29) was
5.28% and
one month ago for the week of 2022-07-01, the
average rate was 5.27%.
The average rate one year ago was 3.07%.
For refis of the same type during the week of 2022-08-05, the average rate
was 5.21%.
Barnstable Town FHA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Barnstable Town level.
The top Barnstable Town FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
51 FHA loans originated. Their average total fees are
$8,688, which is $1,201
lower than the next largest lender,
NEWREZ LLC.
The lowest fee Barnstable Town FHA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($6,585), Mr. Cooper ( Nationstar Mortgage ) ($6,628), PENNYMAC LOAN SERVICES, LLC ($6,759), FREEDOM MORTGAGE CORPORATION ($8,372) and QUICKEN LOANS, LLC ($8,688).
The lowest rate Barnstable Town FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (2.61%), UNITED WHOLESALE MORTGAGE, LLC (2.61%), NEWREZ LLC (2.64%), RADIUS FINANCIAL GROUP INC. (2.74%) and FREEDOM MORTGAGE CORPORATION (2.76%).
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 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Barnstable Town (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 | $569,500 (4.0%) | $968,173 (3.4%) | 2.10 | 2,509 |
2018-02-01 | $575,000 (1.0%) | $964,457 (0.8%) | 2.07 | 2,495 |
2018-03-01 | $589,000 (1.6%) | $984,307 (3.9%) | 2.04 | 2,518 |
2018-04-01 | $599,900 (0.8%) | $1,013,544 (7.0%) | 2.01 | 2,666 |
2018-05-01 | $599,950 (3.6%) | $994,513 (10.5%) | 2.00 | 2,938 |
2018-06-01 | $599,000 (3.8%) | $962,824 (7.2%) | 2.00 | 3,165 |
2018-07-01 | $599,000 (3.5%) | $952,934 (5.5%) | 2.00 | 3,327 |
2018-08-01 | $579,450 (1.8%) | $931,512 (2.8%) | 1.94 | 3,496 |
2018-09-01 | $559,900 (-1.6%) | $913,874 (-1.2%) | 1.87 | 3,709 |
2018-10-01 | $549,000 (-1.4%) | $894,754 (-1.4%) | 1.84 | 3,872 |
2018-11-01 | $549,900 (-2.7%) | $915,245 (0.2%) | 1.84 | 3,675 |
2018-12-01 | $559,000 (-1.9%) | $930,210 (-2.6%) | 1.91 | 3,215 |
2019-01-01 | $549,000 (-3.6%) | $929,131 (-4.0%) | 1.89 | 2,818 |
2019-02-01 | $567,000 (-1.4%) | $942,551 (-2.3%) | 1.90 | 2,887 |
2019-03-01 | $586,429 (-0.4%) | $956,679 (-2.8%) | 1.91 | 3,055 |
2019-04-01 | $596,000 (-0.7%) | $953,503 (-5.9%) | 1.88 | 3,304 |
2019-05-01 | $596,500 (-0.6%) | $953,805 (-4.1%) | 1.84 | 3,532 |
2019-06-01 | $596,627 (-0.4%) | $948,825 (-1.5%) | 1.84 | 3,705 |
2019-07-01 | $599,000 (0.0%) | $966,118 (1.4%) | 1.86 | 3,681 |
2019-08-01 | $590,857 (2.0%) | $959,442 (3.0%) | 1.86 | 3,637 |
2019-09-01 | $579,500 (3.5%) | $947,614 (3.7%) | 1.84 | 3,602 |
2019-10-01 | $574,900 (4.7%) | $936,964 (4.7%) | 1.83 | 3,664 |
2019-11-01 | $569,000 (3.5%) | $957,426 (4.6%) | 1.84 | 3,407 |
2019-12-01 | $569,000 (1.8%) | $967,658 (4.0%) | 1.90 | 2,927 |
2020-01-01 | $575,000 (4.7%) | $1,013,833 (9.1%) | 1.92 | 2,597 |
2020-02-01 | $599,000 (5.6%) | $1,048,432 (11.2%) | 1.93 | 2,530 |
2020-03-01 | $601,950 (2.7%) | $1,033,506 (8.0%) | 1.88 | 2,746 |
2020-04-01 | $599,900 (0.7%) | $1,024,310 (7.4%) | 1.87 | 2,837 |
2020-05-01 | $619,000 (3.8%) | $1,048,747 (10.0%) | 1.88 | 2,779 |
2020-06-01 | $647,200 (8.5%) | $1,086,485 (14.5%) | 1.89 | 2,418 |
2020-07-01 | $654,450 (9.3%) | $1,130,483 (17.0%) | 1.88 | 2,137 |
2020-08-01 | $675,000 (14.2%) | $1,188,906 (23.9%) | 1.93 | 1,802 |
2020-09-01 | $699,000 (20.6%) | $1,298,460 (37.0%) | 2.00 | 1,621 |
2020-10-01 | $699,500 (21.7%) | $1,308,999 (39.7%) | 2.00 | 1,543 |
2020-11-01 | $699,000 (22.9%) | $1,315,257 (37.4%) | 2.00 | 1,354 |
2020-12-01 | $732,450 (28.7%) | $1,357,404 (40.3%) | 2.15 | 1,128 |
2021-01-01 | $749,900 (30.4%) | $1,485,183 (46.5%) | 2.21 | 940 |
2021-02-01 | $797,000 (33.1%) | $1,519,989 (45.0%) | 2.29 | 764 |
2021-03-01 | $739,450 (22.8%) | $1,517,521 (46.8%) | 2.07 | 806 |
2021-04-01 | $699,450 (16.6%) | $1,506,271 (47.1%) | 1.88 | 791 |
2021-05-01 | $699,900 (13.1%) | $1,495,124 (42.6%) | 1.84 | 871 |
2021-06-01 | $707,000 (9.2%) | $1,436,551 (32.2%) | 1.84 | 966 |
2021-07-01 | $725,000 (10.8%) | $1,397,958 (23.7%) | 1.88 | 1,016 |
2021-08-01 | $727,450 (7.8%) | $1,309,900 (10.2%) | 1.91 | 1,078 |
2021-09-01 | $699,450 (0.1%) | $1,295,790 (-0.2%) | 1.84 | 1,133 |
2021-10-01 | $735,000 (5.1%) | $1,377,497 (5.2%) | 1.93 | 1,073 |
2021-11-01 | $754,000 (7.9%) | $1,467,151 (11.6%) | 1.99 | 863 |
2021-12-01 | $812,500 (10.9%) | $1,537,018 (13.2%) | 2.17 | 677 |
2022-01-01 | $849,000 (13.2%) | $1,671,146 (12.5%) | 2.26 | 520 |
2022-02-01 | $849,450 (6.6%) | $1,831,019 (20.5%) | 2.16 | 477 |
2022-03-01 | $849,450 (14.9%) | $1,846,970 (21.7%) | 2.10 | 483 |
2022-04-01 | $799,500 (14.3%) | $1,680,742 (11.6%) | 1.88 | 572 |
2022-05-01 | $844,500 (20.7%) | $1,648,893 (10.3%) | 1.89 | 713 |
2022-06-01 | $850,000 (20.2%) | $1,511,502 (5.2%) | 1.89 | 954 |
Barnstable Town's median listing price comes in at 189% of the national average.
Barnstable Town's average listing price for 2022-06-01 was $1,511,502, a difference of $74,951 (5.2%) versus the prior year and $-137,391 versus the prior month.
For the 2022-06-01 period, Barnstable Town had 954 MLS listings, a difference of 241 listings (34%) versus the prior month and -12 listings (-1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Barnstable Town (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 118 days | 1,872 sqft |
2018-02-01 | 122 days | 1,906 sqft |
2018-03-01 | 115 days | 1,900 sqft |
2018-04-01 | 75 days | 1,959 sqft |
2018-05-01 | 69 days | 1,965 sqft |
2018-06-01 | 65 days | 1,901 sqft |
2018-07-01 | 68 days | 1,893 sqft |
2018-08-01 | 76 days | 1,859 sqft |
2018-09-01 | 75 days | 1,855 sqft |
2018-10-01 | 75 days | 1,818 sqft |
2018-11-01 | 81 days | 1,820 sqft |
2018-12-01 | 95 days | 1,800 sqft |
2019-01-01 | 108 days | 1,791 sqft |
2019-02-01 | 113 days | 1,807 sqft |
2019-03-01 | 105 days | 1,842 sqft |
2019-04-01 | 72 days | 1,873 sqft |
2019-05-01 | 66 days | 1,846 sqft |
2019-06-01 | 70 days | 1,842 sqft |
2019-07-01 | 79 days | 1,854 sqft |
2019-08-01 | 91 days | 1,838 sqft |
2019-09-01 | 91 days | 1,813 sqft |
2019-10-01 | 87 days | 1,818 sqft |
2019-11-01 | 87 days | 1,820 sqft |
2019-12-01 | 102 days | 1,827 sqft |
2020-01-01 | 112 days | 1,815 sqft |
2020-02-01 | 107 days | 1,865 sqft |
2020-03-01 | 68 days | 1,862 sqft |
2020-04-01 | 75 days | 1,848 sqft |
2020-05-01 | 90 days | 1,869 sqft |
2020-06-01 | 98 days | 1,902 sqft |
2020-07-01 | 82 days | 1,907 sqft |
2020-08-01 | 68 days | 1,900 sqft |
2020-09-01 | 59 days | 1,896 sqft |
2020-10-01 | 52 days | 1,830 sqft |
2020-11-01 | 58 days | 1,800 sqft |
2020-12-01 | 73 days | 1,824 sqft |
2021-01-01 | 84 days | 1,846 sqft |
2021-02-01 | 92 days | 1,836 sqft |
2021-03-01 | 65 days | 1,843 sqft |
2021-04-01 | 44 days | 1,742 sqft |
2021-05-01 | 37 days | 1,778 sqft |
2021-06-01 | 36 days | 1,775 sqft |
2021-07-01 | 41 days | 1,757 sqft |
2021-08-01 | 43 days | 1,761 sqft |
2021-09-01 | 44 days | 1,753 sqft |
2021-10-01 | 49 days | 1,780 sqft |
2021-11-01 | 58 days | 1,806 sqft |
2021-12-01 | 68 days | 1,838 sqft |
2022-01-01 | 79 days | 1,836 sqft |
2022-02-01 | 62 days | 1,822 sqft |
2022-03-01 | 48 days | 1,900 sqft |
2022-04-01 | 35 days | 1,747 sqft |
2022-05-01 | 32 days | 1,830 sqft |
2022-06-01 | 27 days | 1,875 sqft |
Barnstable Town's median square footage for active listings during the 2022-06-01 period was 1,875 sqft. One year prior, the average listing was 1,775 sqft.