Beatrice FHA Loan Rates, Closing Costs & Stats
Beatrice, NE
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.
Beatrice's 26 lenders originated 59 FHA loans during 2023. The total origination value was $9,615,000, with an average FHA loan value of $162,966.
Beatrice FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Beatrice
averaged
6.52%
for the week of 2024-12-06, compared to the national average (all FHA variants) of
6.363% for the same period.
Beatrice's average FHA mortgage closing costs are $5,362.
The average rate for the prior week (2024-11-29) was
6.56% and
one month ago for the week of 2024-11-01, the
average rate was 6.46%.
The average rate one year ago was 6.79%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.56%.
Beatrice 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 Beatrice level.
The top Beatrice FHA lender as defined by loan originations is GERSHMAN INVESTMENT CORP., with
6 FHA loans originated. Their average total fees are
$5,790, which is $248
lower than the next largest lender,
Lincoln FSB of Nebraska.
The lowest fee Beatrice FHA lenders (with over 10 loans originated) are
.
The lowest rate Beatrice FHA lenders (with over 10 loans originated) are
.
Beatrice FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
BEATRICE, NE | GAGE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
BEATRICE, NE | GAGE | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Beatrice (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 | $119,500 (9.1%) | $143,248 (6.7%) | 0.00 | 70 |
2018-02-01 | $126,475 (-1.6%) | $152,864 (3.2%) | 0.00 | 64 |
2018-03-01 | $139,900 (4.0%) | $178,202 (24.2%) | 0.00 | 76 |
2018-04-01 | $165,700 (21.0%) | $180,268 (10.8%) | 0.00 | 92 |
2018-05-01 | $170,800 (8.9%) | $181,559 (1.2%) | 0.00 | 96 |
2018-06-01 | $173,500 (16.3%) | $176,623 (5.5%) | 0.00 | 96 |
2018-07-01 | $166,800 (15.1%) | $164,285 (-0.4%) | 0.00 | 103 |
2018-08-01 | $159,974 (12.3%) | $158,843 (-0.5%) | 0.00 | 99 |
2018-09-01 | $147,500 (1.8%) | $143,480 (-8.0%) | 0.00 | 103 |
2018-10-01 | $144,750 (20.4%) | $147,505 (-1.3%) | 0.00 | 106 |
2018-11-01 | $129,900 (13.0%) | $151,788 (5.0%) | 0.00 | 106 |
2018-12-01 | $139,700 (19.0%) | $161,531 (17.7%) | 0.00 | 107 |
2019-01-01 | $139,125 (16.4%) | $165,203 (15.3%) | 0.00 | 86 |
2019-02-01 | $134,700 (6.5%) | $158,704 (3.8%) | 0.00 | 92 |
2019-03-01 | $132,550 (-5.3%) | $152,713 (-14.3%) | 0.00 | 84 |
2019-04-01 | $129,975 (-21.6%) | $148,663 (-17.5%) | 0.00 | 72 |
2019-05-01 | $128,075 (-25.0%) | $155,537 (-14.3%) | 0.00 | 62 |
2019-06-01 | $154,900 (-10.7%) | $168,456 (-4.6%) | 0.00 | 64 |
2019-07-01 | $183,700 (10.1%) | $186,165 (13.3%) | 0.00 | 57 |
2019-08-01 | $171,561 (7.2%) | $194,886 (22.7%) | 0.00 | 58 |
2019-09-01 | $162,653 (10.3%) | $210,789 (46.9%) | 0.00 | 62 |
2019-10-01 | $158,302 (9.4%) | $211,714 (43.5%) | 0.00 | 65 |
2019-11-01 | $155,750 (19.9%) | $186,255 (22.7%) | 0.00 | 75 |
2019-12-01 | $144,950 (3.8%) | $172,296 (6.7%) | 0.00 | 70 |
2020-01-01 | $144,175 (3.6%) | $167,580 (1.4%) | 0.00 | 66 |
2020-02-01 | $139,700 (3.7%) | $176,373 (11.1%) | 0.00 | 62 |
2020-03-01 | $149,675 (12.9%) | $185,137 (21.2%) | 0.00 | 65 |
2020-04-01 | $148,438 (14.2%) | $184,835 (24.3%) | 0.00 | 62 |
2020-05-01 | $182,200 (42.3%) | $193,529 (24.4%) | 0.00 | 58 |
2020-06-01 | $191,900 (23.9%) | $201,019 (19.3%) | 0.00 | 39 |
2020-07-01 | $152,400 (-17.0%) | $199,064 (6.9%) | 0.00 | 43 |
2020-08-01 | $185,000 (7.8%) | $219,532 (12.7%) | 0.00 | 40 |
2020-09-01 | $153,475 (-5.6%) | $191,731 (-9.0%) | 0.00 | 48 |
2020-10-01 | $137,900 (-12.9%) | $178,763 (-15.6%) | 0.00 | 38 |
2020-11-01 | $138,700 (-11.0%) | $174,742 (-6.2%) | 0.00 | 37 |
2020-12-01 | $146,444 (1.0%) | $183,600 (6.6%) | 0.00 | 34 |
2021-01-01 | $134,000 (-7.1%) | $183,004 (9.2%) | 0.00 | 27 |
2021-02-01 | $133,950 (-4.1%) | $184,621 (4.7%) | 0.00 | 30 |
2021-03-01 | $133,250 (-11.0%) | $170,038 (-8.2%) | 0.00 | 31 |
2021-04-01 | $126,000 (-15.1%) | $164,794 (-10.8%) | 0.00 | 27 |
2021-05-01 | $126,000 (-30.9%) | $196,689 (1.6%) | 0.00 | 26 |
2021-06-01 | $153,975 (-19.8%) | $229,279 (14.1%) | 0.00 | 26 |
2021-07-01 | $126,000 (-17.3%) | $195,362 (-1.9%) | 0.00 | 35 |
2021-08-01 | $138,500 (-25.1%) | $199,906 (-8.9%) | 0.00 | 37 |
2021-09-01 | $136,500 (-11.1%) | $214,609 (11.9%) | 0.00 | 33 |
2021-10-01 | $154,450 (12.0%) | $218,346 (22.1%) | 0.00 | 20 |
2021-11-01 | $156,950 (13.2%) | $201,693 (15.4%) | 0.00 | 21 |
2021-12-01 | $145,925 (-0.4%) | $169,447 (-7.7%) | 0.00 | 20 |
2022-01-01 | $154,000 (14.9%) | $188,535 (3.0%) | 0.00 | 18 |
2022-02-01 | $167,000 (24.7%) | $186,622 (1.1%) | 0.00 | 17 |
2022-03-01 | $140,950 (5.8%) | $173,487 (2.0%) | 0.00 | 22 |
2022-04-01 | $139,900 (11.0%) | $167,497 (1.6%) | 0.00 | 28 |
2022-05-01 | $158,725 (26.0%) | $192,918 (-1.9%) | 0.00 | 41 |
2022-06-01 | $166,500 (8.1%) | $206,556 (-9.9%) | 0.00 | 43 |
2022-07-01 | $172,200 (36.7%) | $214,617 (9.9%) | 0.00 | 50 |
2022-08-01 | $162,450 (17.3%) | $203,943 (2.0%) | 0.00 | 44 |
2022-09-01 | $203,450 (49.1%) | $230,399 (7.4%) | 0.00 | 38 |
2022-10-01 | $199,000 (28.8%) | $249,059 (14.1%) | 0.00 | 41 |
2022-11-01 | $250,000 (59.3%) | $265,612 (31.7%) | 0.00 | 44 |
2022-12-01 | $247,000 (69.3%) | $269,893 (59.3%) | 0.00 | 42 |
2023-01-01 | $252,425 (63.9%) | $271,321 (43.9%) | 0.00 | 37 |
2023-02-01 | $283,750 (69.9%) | $284,001 (52.2%) | 0.00 | 26 |
2023-03-01 | $251,200 (78.2%) | $287,826 (65.9%) | 0.00 | 28 |
2023-04-01 | $299,450 (114.1%) | $313,644 (87.3%) | 0.00 | 26 |
2023-05-01 | $287,425 (81.1%) | $305,792 (58.5%) | 0.00 | 28 |
2023-06-01 | $294,900 (77.1%) | $324,970 (57.3%) | 0.00 | 31 |
2023-07-01 | $222,250 (29.1%) | $272,961 (27.2%) | 0.00 | 34 |
2023-08-01 | $209,450 (28.9%) | $267,998 (31.4%) | 0.00 | 33 |
2023-09-01 | $197,498 (-2.9%) | $262,872 (14.1%) | 0.00 | 28 |
2023-10-01 | $175,975 (-11.6%) | $253,889 (1.9%) | 0.00 | 36 |
2023-11-01 | $226,000 (-9.6%) | $246,197 (-7.3%) | 0.00 | 43 |
2023-12-01 | $228,000 (-7.7%) | $229,693 (-14.9%) | 0.00 | 44 |
2024-01-01 | $230,000 (-8.9%) | $246,869 (-9.0%) | 0.00 | 33 |
2024-02-01 | $232,250 (-18.2%) | $235,024 (-17.3%) | 0.00 | 24 |
2024-03-01 | $194,950 (-22.4%) | $233,926 (-18.7%) | 0.00 | 20 |
2024-04-01 | $207,475 (-30.7%) | $291,378 (-7.1%) | 0.00 | 21 |
2024-05-01 | $256,175 (-10.9%) | $396,502 (29.7%) | 0.00 | 22 |
2024-06-01 | $247,000 (-16.2%) | $328,340 (1.0%) | 0.00 | 31 |
2024-07-01 | $248,450 (11.8%) | $314,026 (15.0%) | 0.00 | 43 |
2024-08-01 | $247,250 (18.1%) | $311,469 (16.2%) | 0.00 | 51 |
2024-09-01 | $272,250 (37.9%) | $324,525 (23.5%) | 0.00 | 56 |
2024-10-01 | $246,500 (40.1%) | $301,415 (18.7%) | 0.00 | 55 |
2024-11-01 | $247,450 (9.5%) | $296,997 (20.6%) | 0.00 | 65 |
Beatrice's median listing price comes in at 0% of the national average.
Beatrice's average listing price for 2024-11-01 was $296,997, a difference of $50,800 (20.6%) versus the prior year and $-4,418 versus the prior month.
For the 2024-11-01 period, Beatrice had 65 MLS listings, a difference of 10 listings (18%) versus the prior month and 22 listings (51%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Beatrice (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,537 sqft |
2018-02-01 | 0 days | 1,546 sqft |
2018-03-01 | 0 days | 1,553 sqft |
2018-04-01 | 0 days | 1,536 sqft |
2018-05-01 | 0 days | 1,530 sqft |
2018-06-01 | 0 days | 1,536 sqft |
2018-07-01 | 0 days | 1,602 sqft |
2018-08-01 | 0 days | 1,599 sqft |
2018-09-01 | 0 days | 1,536 sqft |
2018-10-01 | 0 days | 1,536 sqft |
2018-11-01 | 0 days | 1,574 sqft |
2018-12-01 | 0 days | 1,588 sqft |
2019-01-01 | 0 days | 1,602 sqft |
2019-02-01 | 0 days | 1,576 sqft |
2019-03-01 | 0 days | 1,559 sqft |
2019-04-01 | 0 days | 1,565 sqft |
2019-05-01 | 0 days | 1,591 sqft |
2019-06-01 | 0 days | 1,730 sqft |
2019-07-01 | 0 days | 1,656 sqft |
2019-08-01 | 0 days | 1,710 sqft |
2019-09-01 | 0 days | 1,790 sqft |
2019-10-01 | 0 days | 1,844 sqft |
2019-11-01 | 0 days | 1,640 sqft |
2019-12-01 | 0 days | 1,650 sqft |
2020-01-01 | 0 days | 1,674 sqft |
2020-02-01 | 0 days | 1,843 sqft |
2020-03-01 | 0 days | 1,825 sqft |
2020-04-01 | 0 days | 1,855 sqft |
2020-05-01 | 0 days | 1,730 sqft |
2020-06-01 | 0 days | 1,824 sqft |
2020-07-01 | 0 days | 1,568 sqft |
2020-08-01 | 0 days | 1,736 sqft |
2020-09-01 | 0 days | 1,762 sqft |
2020-10-01 | 0 days | 1,485 sqft |
2020-11-01 | 0 days | 1,466 sqft |
2020-12-01 | 0 days | 1,471 sqft |
2021-01-01 | 0 days | 1,464 sqft |
2021-02-01 | 0 days | 1,616 sqft |
2021-03-01 | 0 days | 1,537 sqft |
2021-04-01 | 0 days | 1,299 sqft |
2021-05-01 | 0 days | 1,461 sqft |
2021-06-01 | 0 days | 1,531 sqft |
2021-07-01 | 0 days | 1,491 sqft |
2021-08-01 | 0 days | 1,454 sqft |
2021-09-01 | 0 days | 1,474 sqft |
2021-10-01 | 0 days | 1,540 sqft |
2021-11-01 | 0 days | 1,540 sqft |
2021-12-01 | 0 days | 1,495 sqft |
2022-01-01 | 0 days | 1,496 sqft |
2022-02-01 | 0 days | 1,616 sqft |
2022-03-01 | 0 days | 1,275 sqft |
2022-04-01 | 0 days | 1,311 sqft |
2022-05-01 | 0 days | 1,358 sqft |
2022-06-01 | 0 days | 1,437 sqft |
2022-07-01 | 0 days | 1,540 sqft |
2022-08-01 | 0 days | 1,540 sqft |
2022-09-01 | 0 days | 1,562 sqft |
2022-10-01 | 0 days | 1,603 sqft |
2022-11-01 | 0 days | 1,726 sqft |
2022-12-01 | 0 days | 1,935 sqft |
2023-01-01 | 0 days | 1,704 sqft |
2023-02-01 | 0 days | 1,740 sqft |
2023-03-01 | 0 days | 1,824 sqft |
2023-04-01 | 0 days | 1,824 sqft |
2023-05-01 | 0 days | 1,902 sqft |
2023-06-01 | 0 days | 1,882 sqft |
2023-07-01 | 0 days | 1,852 sqft |
2023-08-01 | 0 days | 1,875 sqft |
2023-09-01 | 0 days | 1,792 sqft |
2023-10-01 | 0 days | 1,634 sqft |
2023-11-01 | 0 days | 1,656 sqft |
2023-12-01 | 0 days | 1,530 sqft |
2024-01-01 | 0 days | 1,657 sqft |
2024-02-01 | 0 days | 1,669 sqft |
2024-03-01 | 0 days | 1,506 sqft |
2024-04-01 | 0 days | 1,674 sqft |
2024-05-01 | 0 days | 1,886 sqft |
2024-06-01 | 0 days | 1,730 sqft |
2024-07-01 | 0 days | 1,733 sqft |
2024-08-01 | 0 days | 1,576 sqft |
2024-09-01 | 0 days | 1,778 sqft |
2024-10-01 | 0 days | 1,727 sqft |
2024-11-01 | 0 days | 1,788 sqft |
Beatrice's median square footage for active listings during the 2024-11-01 period was 1,788 sqft. One year prior, the average listing was 1,656 sqft.