Barnstable Town FHA Loan Rates, Closing Costs & Stats
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 47 lenders originated 289 FHA loans during 2023. The total origination value was $122,675,000, with an average FHA loan value of $424,481.
Barnstable Town FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Barnstable Town
averaged
5.85%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
Barnstable Town's average FHA mortgage closing costs are $10,368.
The average rate for the prior week (2024-10-04) was
5.97% and
one month ago for the week of 2024-09-06, the
average rate was 6.2%.
The average rate one year ago was 7.23%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.22%.
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.
The top Barnstable Town FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
26 FHA loans originated. Their average total fees are
$16,250, which is $2,742
lower than the next largest lender,
CROSSCOUNTRY MORTGAGE, LLC.
The lowest fee Barnstable Town FHA lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($14,139), QUICKEN LOANS, LLC ($16,250), LOANDEPOT.COM, LLC ($17,592), CROSSCOUNTRY MORTGAGE, LLC ($18,992) and UNITED WHOLESALE MORTGAGE, LLC ($19,779).
The lowest rate Barnstable Town FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (5.97%), LOANDEPOT.COM, LLC (6.18%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.47%), UNITED WHOLESALE MORTGAGE, LLC (6.53%) and CROSSCOUNTRY MORTGAGE, LLC (7.17%).
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $599,000 (7.2%) | $1,007,834 (2.5%) | 2.22 | 1,839 |
2018-02-01 | $598,950 (3.3%) | $996,509 (-0.7%) | 2.17 | 1,835 |
2018-03-01 | $599,000 (1.1%) | $1,029,766 (2.9%) | 2.10 | 1,852 |
2018-04-01 | $627,000 (4.7%) | $1,060,028 (6.2%) | 2.13 | 1,978 |
2018-05-01 | $625,000 (6.0%) | $1,030,757 (8.6%) | 2.09 | 2,199 |
2018-06-01 | $609,450 (3.0%) | $997,054 (5.7%) | 2.03 | 2,378 |
2018-07-01 | $599,900 (0.8%) | $988,458 (3.8%) | 2.00 | 2,481 |
2018-08-01 | $599,000 (1.7%) | $971,948 (0.7%) | 2.01 | 2,594 |
2018-09-01 | $575,000 (-0.9%) | $950,794 (-2.2%) | 1.93 | 2,751 |
2018-10-01 | $565,000 (-1.7%) | $936,945 (-1.0%) | 1.91 | 2,811 |
2018-11-01 | $576,750 (-1.2%) | $952,593 (0.4%) | 1.96 | 2,651 |
2018-12-01 | $584,500 (-2.3%) | $961,055 (-2.7%) | 2.02 | 2,363 |
2019-01-01 | $569,225 (-5.0%) | $955,723 (-5.2%) | 1.97 | 2,068 |
2019-02-01 | $586,750 (-2.0%) | $969,889 (-2.7%) | 1.98 | 2,108 |
2019-03-01 | $595,043 (-0.7%) | $979,561 (-4.9%) | 1.95 | 2,229 |
2019-04-01 | $598,750 (-4.5%) | $971,589 (-8.3%) | 1.90 | 2,408 |
2019-05-01 | $599,000 (-4.2%) | $973,624 (-5.5%) | 1.87 | 2,534 |
2019-06-01 | $599,000 (-1.7%) | $981,607 (-1.6%) | 1.87 | 2,623 |
2019-07-01 | $599,675 (0.0%) | $1,009,547 (2.1%) | 1.88 | 2,617 |
2019-08-01 | $596,927 (-0.4%) | $998,321 (2.7%) | 1.89 | 2,618 |
2019-09-01 | $592,468 (3.0%) | $982,190 (3.3%) | 1.90 | 2,620 |
2019-10-01 | $586,950 (3.9%) | $971,436 (3.7%) | 1.89 | 2,605 |
2019-11-01 | $575,000 (-0.3%) | $979,661 (2.8%) | 1.89 | 2,377 |
2019-12-01 | $575,000 (-1.6%) | $982,714 (2.3%) | 1.92 | 2,093 |
2020-01-01 | $578,000 (1.5%) | $1,006,663 (5.3%) | 1.93 | 1,874 |
2020-02-01 | $599,900 (2.2%) | $1,060,401 (9.3%) | 1.96 | 1,785 |
2020-03-01 | $601,950 (1.2%) | $1,045,989 (6.8%) | 1.89 | 1,934 |
2020-04-01 | $601,000 (0.4%) | $1,040,333 (7.1%) | 1.88 | 1,976 |
2020-05-01 | $624,000 (4.2%) | $1,054,690 (8.3%) | 1.90 | 1,974 |
2020-06-01 | $639,950 (6.8%) | $1,087,158 (10.8%) | 1.89 | 1,739 |
2020-07-01 | $644,450 (7.5%) | $1,127,724 (11.7%) | 1.87 | 1,538 |
2020-08-01 | $650,000 (8.9%) | $1,166,940 (16.9%) | 1.86 | 1,309 |
2020-09-01 | $693,000 (17.0%) | $1,231,651 (25.4%) | 1.99 | 1,205 |
2020-10-01 | $661,000 (12.6%) | $1,226,451 (26.3%) | 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 (22.7%) | $1,406,116 (39.7%) | 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 (40.7%) | 2.01 | 617 |
2021-04-01 | $699,500 (16.4%) | $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 (13.3%) | $1,389,244 (27.8%) | 1.91 | 705 |
2021-07-01 | $728,000 (13.0%) | $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%) | $1,351,377 (10.2%) | 1.97 | 766 |
2021-11-01 | $782,450 (14.2%) | $1,474,219 (16.2%) | 2.09 | 618 |
2021-12-01 | $825,000 (18.0%) | $1,548,261 (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%) | $1,433,581 (-7.4%) | 1.91 | 660 |
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 | $924,950 (15.6%) | $1,769,266 (18.8%) | 2.12 | 719 |
2023-09-01 | $939,000 (17.8%) | $1,668,834 (13.5%) | 2.19 | 762 |
2023-10-01 | $897,000 (15.7%) | $1,580,307 (12.2%) | 2.11 | 852 |
2023-11-01 | $874,750 (9.6%) | $1,573,816 (9.9%) | 2.08 | 846 |
2023-12-01 | $882,000 (13.8%) | $1,634,152 (14.0%) | 2.15 | 705 |
2024-01-01 | $929,950 (12.9%) | $1,706,350 (15.4%) | 2.27 | 592 |
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 | $999,688 (8.3%) | $1,713,918 (0.1%) | 2.26 | 877 |
2024-06-01 | $996,250 (6.0%) | $1,678,413 (-2.5%) | 2.24 | 983 |
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 (-6.7%) | 2.19 | 1,020 |
2024-09-01 | $899,950 (-4.2%) | $1,592,457 (-4.6%) | 2.12 | 1,153 |
Barnstable Town's median listing price comes in at 212% of the national average.
Barnstable Town's average listing price for 2024-09-01 was $1,592,457, a difference of $-76,377 (-4.6%) versus the prior year and $-58,785 versus the prior month.
For the 2024-09-01 period, Barnstable Town had 1,153 MLS listings, a difference of 133 listings (13%) versus the prior month and 391 listings (51%) 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 | 109 days | 1,897 sqft |
2018-02-01 | 112 days | 1,905 sqft |
2018-03-01 | 95 days | 1,906 sqft |
2018-04-01 | 66 days | 1,959 sqft |
2018-05-01 | 57 days | 1,951 sqft |
2018-06-01 | 57 days | 1,899 sqft |
2018-07-01 | 64 days | 1,888 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 | 1,806 sqft |
2019-01-01 | 108 days | 1,803 sqft |
2019-02-01 | 114 days | 1,807 sqft |
2019-03-01 | 96 days | 1,834 sqft |
2019-04-01 | 70 days | 1,854 sqft |
2019-05-01 | 64 days | 1,820 sqft |
2019-06-01 | 67 days | 1,822 sqft |
2019-07-01 | 75 days | 1,829 sqft |
2019-08-01 | 80 days | 1,829 sqft |
2019-09-01 | 83 days | 1,817 sqft |
2019-10-01 | 84 days | 1,805 sqft |
2019-11-01 | 86 days | 1,804 sqft |
2019-12-01 | 103 days | 1,804 sqft |
2020-01-01 | 110 days | 1,800 sqft |
2020-02-01 | 105 days | 1,848 sqft |
2020-03-01 | 73 days | 1,851 sqft |
2020-04-01 | 79 days | 1,845 sqft |
2020-05-01 | 89 days | 1,848 sqft |
2020-06-01 | 98 days | 1,876 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 | 1,792 sqft |
2021-11-01 | 67 days | 1,804 sqft |
2021-12-01 | 85 days | 1,864 sqft |
2022-01-01 | 88 days | 1,847 sqft |
2022-02-01 | 71 days | 1,894 sqft |
2022-03-01 | 45 days | 1,884 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 | 1,920 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 | 1,884 sqft |
2023-09-01 | 49 days | 1,891 sqft |
2023-10-01 | 49 days | 1,852 sqft |
2023-11-01 | 53 days | 1,771 sqft |
2023-12-01 | 71 days | 1,828 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 | 37 days | 1,970 sqft |
2024-06-01 | 42 days | 1,886 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 |
Barnstable Town's median square footage for active listings during the 2024-09-01 period was 1,831 sqft. One year prior, the average listing was 1,891 sqft.