Beaver Dam FHA Loan Rates, Closing Costs & Stats
Beaver Dam, WI
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.
Beaver Dam's 50 lenders originated 128 FHA loans during 2023. The total origination value was $27,630,000, with an average FHA loan value of $215,859.
Beaver Dam FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Beaver Dam
averaged
0.06%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Beaver Dam's average FHA mortgage closing costs are $6,282.
The average rate for the prior week (2024-11-22) was
6.35% and
one month ago for the week of 2024-10-25, the
average rate was 6.23%.
The average rate one year ago was 7.22%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.83%.
Beaver Dam 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 Beaver Dam level.
The top Beaver Dam FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
10 FHA loans originated. Their average total fees are
$8,870, which is $963
lower than the next largest lender,
CMG MORTGAGE, INC..
The lowest fee Beaver Dam FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($8,870), .
The lowest rate Beaver Dam FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.35%), .
Beaver Dam FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
BEAVER DAM, WI | DODGE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
BEAVER DAM, WI | DODGE | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Beaver Dam (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 | $169,850 (13.3%) | $226,877 (6.4%) | 0.00 | 232 |
2018-02-01 | $179,800 (16.1%) | $238,023 (12.2%) | 0.00 | 224 |
2018-03-01 | $187,450 (17.2%) | $241,948 (14.9%) | 0.00 | 226 |
2018-04-01 | $192,450 (7.0%) | $250,356 (12.8%) | 0.00 | 228 |
2018-05-01 | $207,425 (17.3%) | $279,286 (25.4%) | 0.00 | 226 |
2018-06-01 | $219,900 (24.1%) | $279,833 (26.9%) | 0.00 | 236 |
2018-07-01 | $209,900 (18.0%) | $282,413 (25.8%) | 0.00 | 281 |
2018-08-01 | $209,900 (23.5%) | $281,828 (27.7%) | 0.00 | 308 |
2018-09-01 | $199,900 (17.7%) | $266,680 (20.8%) | 0.00 | 323 |
2018-10-01 | $205,000 (28.2%) | $271,829 (28.6%) | 0.00 | 322 |
2018-11-01 | $204,425 (24.9%) | $279,382 (28.2%) | 0.00 | 300 |
2018-12-01 | $199,900 (25.0%) | $272,212 (22.7%) | 0.00 | 257 |
2019-01-01 | $199,900 (17.7%) | $279,419 (23.2%) | 0.00 | 231 |
2019-02-01 | $209,900 (16.7%) | $278,302 (16.9%) | 0.00 | 222 |
2019-03-01 | $220,528 (17.7%) | $280,200 (15.8%) | 0.00 | 226 |
2019-04-01 | $229,950 (19.5%) | $297,958 (19.0%) | 0.00 | 232 |
2019-05-01 | $221,150 (6.6%) | $288,379 (3.3%) | 0.00 | 253 |
2019-06-01 | $235,000 (6.9%) | $286,701 (2.5%) | 0.00 | 263 |
2019-07-01 | $225,900 (7.6%) | $286,761 (1.5%) | 0.00 | 277 |
2019-08-01 | $220,836 (5.2%) | $281,198 (-0.2%) | 0.00 | 291 |
2019-09-01 | $214,741 (7.4%) | $274,246 (2.8%) | 0.00 | 299 |
2019-10-01 | $210,000 (2.4%) | $269,611 (-0.8%) | 0.00 | 304 |
2019-11-01 | $194,900 (-4.7%) | $252,891 (-9.5%) | 0.00 | 281 |
2019-12-01 | $199,850 (0.0%) | $253,495 (-6.9%) | 0.00 | 237 |
2020-01-01 | $199,900 (0.0%) | $271,970 (-2.7%) | 0.00 | 206 |
2020-02-01 | $199,900 (-4.8%) | $272,328 (-2.2%) | 0.00 | 204 |
2020-03-01 | $199,974 (-9.3%) | $288,670 (3.0%) | 0.00 | 184 |
2020-04-01 | $208,700 (-9.2%) | $289,400 (-2.9%) | 0.00 | 176 |
2020-05-01 | $239,000 (8.1%) | $302,157 (4.8%) | 0.00 | 179 |
2020-06-01 | $232,175 (-1.2%) | $292,674 (2.1%) | 0.00 | 189 |
2020-07-01 | $239,900 (6.2%) | $296,119 (3.3%) | 0.00 | 193 |
2020-08-01 | $239,900 (8.6%) | $305,400 (8.6%) | 0.00 | 181 |
2020-09-01 | $242,425 (12.9%) | $318,464 (16.1%) | 0.00 | 172 |
2020-10-01 | $254,900 (21.4%) | $329,384 (22.2%) | 0.00 | 162 |
2020-11-01 | $233,650 (19.9%) | $318,518 (26.0%) | 0.00 | 143 |
2020-12-01 | $212,450 (6.3%) | $310,781 (22.6%) | 0.00 | 129 |
2021-01-01 | $217,450 (8.8%) | $308,067 (13.3%) | 0.00 | 118 |
2021-02-01 | $225,000 (12.6%) | $325,644 (19.6%) | 0.00 | 104 |
2021-03-01 | $224,900 (12.5%) | $332,303 (15.1%) | 0.00 | 102 |
2021-04-01 | $234,425 (12.3%) | $340,766 (17.8%) | 0.00 | 109 |
2021-05-01 | $249,900 (4.6%) | $318,351 (5.4%) | 0.00 | 122 |
2021-06-01 | $237,450 (2.3%) | $316,277 (8.1%) | 0.00 | 140 |
2021-07-01 | $249,900 (4.2%) | $325,003 (9.8%) | 0.00 | 144 |
2021-08-01 | $242,388 (1.0%) | $311,442 (2.0%) | 0.00 | 173 |
2021-09-01 | $244,675 (0.9%) | $313,853 (-1.5%) | 0.00 | 170 |
2021-10-01 | $232,450 (-8.8%) | $287,903 (-12.6%) | 0.00 | 167 |
2021-11-01 | $223,550 (-4.3%) | $286,402 (-10.1%) | 0.00 | 147 |
2021-12-01 | $232,450 (9.4%) | $297,017 (-4.4%) | 0.00 | 123 |
2022-01-01 | $243,400 (11.9%) | $303,000 (-1.6%) | 0.00 | 82 |
2022-02-01 | $289,900 (28.8%) | $343,997 (5.6%) | 0.00 | 73 |
2022-03-01 | $309,900 (37.8%) | $349,703 (5.2%) | 0.00 | 76 |
2022-04-01 | $285,000 (21.6%) | $350,999 (3.0%) | 0.00 | 104 |
2022-05-01 | $274,900 (10.0%) | $332,614 (4.5%) | 0.00 | 124 |
2022-06-01 | $277,450 (16.9%) | $365,082 (15.4%) | 0.00 | 134 |
2022-07-01 | $299,000 (19.7%) | $369,945 (13.8%) | 0.00 | 139 |
2022-08-01 | $301,200 (24.3%) | $371,685 (19.3%) | 0.00 | 128 |
2022-09-01 | $295,225 (20.7%) | $368,526 (17.4%) | 0.00 | 126 |
2022-10-01 | $289,788 (24.7%) | $365,512 (27.0%) | 0.00 | 127 |
2022-11-01 | $284,803 (27.4%) | $374,356 (30.7%) | 0.00 | 114 |
2022-12-01 | $314,900 (35.5%) | $394,857 (32.9%) | 0.00 | 90 |
2023-01-01 | $334,225 (37.3%) | $388,067 (28.1%) | 0.00 | 75 |
2023-02-01 | $345,675 (19.2%) | $385,171 (12.0%) | 0.00 | 78 |
2023-03-01 | $324,700 (4.8%) | $379,416 (8.5%) | 0.00 | 74 |
2023-04-01 | $299,900 (5.2%) | $367,561 (4.7%) | 0.00 | 90 |
2023-05-01 | $322,000 (17.1%) | $362,771 (9.1%) | 0.00 | 93 |
2023-06-01 | $329,225 (18.7%) | $384,029 (5.2%) | 0.00 | 112 |
2023-07-01 | $329,900 (10.3%) | $422,797 (14.3%) | 0.00 | 136 |
2023-08-01 | $338,825 (12.5%) | $412,481 (11.0%) | 0.00 | 144 |
2023-09-01 | $335,000 (13.5%) | $409,096 (11.0%) | 0.00 | 140 |
2023-10-01 | $334,500 (15.4%) | $405,926 (11.1%) | 0.00 | 150 |
2023-11-01 | $324,975 (14.1%) | $397,151 (6.1%) | 0.00 | 137 |
2023-12-01 | $299,900 (-4.8%) | $386,540 (-2.1%) | 0.00 | 119 |
2024-01-01 | $303,700 (-9.1%) | $386,983 (-0.3%) | 0.00 | 93 |
2024-02-01 | $361,150 (4.5%) | $405,524 (5.3%) | 0.00 | 86 |
2024-03-01 | $339,900 (4.7%) | $415,541 (9.5%) | 0.00 | 95 |
2024-04-01 | $339,475 (13.2%) | $410,660 (11.7%) | 0.00 | 113 |
2024-05-01 | $374,900 (16.4%) | $436,590 (20.4%) | 0.00 | 134 |
2024-06-01 | $369,450 (12.2%) | $434,372 (13.1%) | 0.00 | 136 |
2024-07-01 | $354,950 (7.6%) | $428,631 (1.4%) | 0.00 | 126 |
2024-08-01 | $349,900 (3.3%) | $434,038 (5.2%) | 0.00 | 152 |
2024-09-01 | $339,950 (1.5%) | $417,502 (2.1%) | 0.00 | 166 |
2024-10-01 | $334,925 (0.1%) | $413,399 (1.8%) | 0.00 | 172 |
Beaver Dam's median listing price comes in at 0% of the national average.
Beaver Dam's average listing price for 2024-10-01 was $413,399, a difference of $7,473 (1.8%) versus the prior year and $-4,103 versus the prior month.
For the 2024-10-01 period, Beaver Dam had 172 MLS listings, a difference of 6 listings (4%) versus the prior month and 22 listings (15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Beaver Dam (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,611 sqft |
2018-02-01 | 0 days | 1,625 sqft |
2018-03-01 | 0 days | 1,700 sqft |
2018-04-01 | 0 days | 1,652 sqft |
2018-05-01 | 0 days | 1,702 sqft |
2018-06-01 | 0 days | 1,731 sqft |
2018-07-01 | 0 days | 1,725 sqft |
2018-08-01 | 0 days | 1,738 sqft |
2018-09-01 | 0 days | 1,668 sqft |
2018-10-01 | 0 days | 1,688 sqft |
2018-11-01 | 0 days | 1,741 sqft |
2018-12-01 | 0 days | 1,700 sqft |
2019-01-01 | 0 days | 1,673 sqft |
2019-02-01 | 0 days | 1,680 sqft |
2019-03-01 | 0 days | 1,638 sqft |
2019-04-01 | 0 days | 1,674 sqft |
2019-05-01 | 0 days | 1,731 sqft |
2019-06-01 | 0 days | 1,792 sqft |
2019-07-01 | 0 days | 1,729 sqft |
2019-08-01 | 0 days | 1,716 sqft |
2019-09-01 | 0 days | 1,716 sqft |
2019-10-01 | 0 days | 1,716 sqft |
2019-11-01 | 0 days | 1,711 sqft |
2019-12-01 | 0 days | 1,700 sqft |
2020-01-01 | 0 days | 1,686 sqft |
2020-02-01 | 0 days | 1,742 sqft |
2020-03-01 | 0 days | 1,723 sqft |
2020-04-01 | 0 days | 1,683 sqft |
2020-05-01 | 0 days | 1,801 sqft |
2020-06-01 | 0 days | 1,718 sqft |
2020-07-01 | 0 days | 1,812 sqft |
2020-08-01 | 0 days | 1,829 sqft |
2020-09-01 | 0 days | 1,879 sqft |
2020-10-01 | 0 days | 1,870 sqft |
2020-11-01 | 0 days | 1,809 sqft |
2020-12-01 | 0 days | 1,710 sqft |
2021-01-01 | 0 days | 1,675 sqft |
2021-02-01 | 0 days | 1,750 sqft |
2021-03-01 | 0 days | 1,777 sqft |
2021-04-01 | 0 days | 1,799 sqft |
2021-05-01 | 0 days | 1,783 sqft |
2021-06-01 | 0 days | 1,701 sqft |
2021-07-01 | 0 days | 1,775 sqft |
2021-08-01 | 0 days | 1,729 sqft |
2021-09-01 | 0 days | 1,726 sqft |
2021-10-01 | 0 days | 1,710 sqft |
2021-11-01 | 0 days | 1,725 sqft |
2021-12-01 | 0 days | 1,749 sqft |
2022-01-01 | 0 days | 1,648 sqft |
2022-02-01 | 0 days | 1,694 sqft |
2022-03-01 | 0 days | 1,617 sqft |
2022-04-01 | 0 days | 1,721 sqft |
2022-05-01 | 0 days | 1,675 sqft |
2022-06-01 | 0 days | 1,709 sqft |
2022-07-01 | 0 days | 1,768 sqft |
2022-08-01 | 0 days | 1,806 sqft |
2022-09-01 | 0 days | 1,780 sqft |
2022-10-01 | 0 days | 1,695 sqft |
2022-11-01 | 0 days | 1,694 sqft |
2022-12-01 | 0 days | 1,693 sqft |
2023-01-01 | 0 days | 1,688 sqft |
2023-02-01 | 0 days | 1,641 sqft |
2023-03-01 | 0 days | 1,625 sqft |
2023-04-01 | 0 days | 1,672 sqft |
2023-05-01 | 0 days | 1,742 sqft |
2023-06-01 | 0 days | 1,799 sqft |
2023-07-01 | 0 days | 1,728 sqft |
2023-08-01 | 0 days | 1,721 sqft |
2023-09-01 | 0 days | 1,771 sqft |
2023-10-01 | 0 days | 1,785 sqft |
2023-11-01 | 0 days | 1,731 sqft |
2023-12-01 | 0 days | 1,703 sqft |
2024-01-01 | 0 days | 1,702 sqft |
2024-02-01 | 0 days | 1,714 sqft |
2024-03-01 | 0 days | 1,790 sqft |
2024-04-01 | 0 days | 1,770 sqft |
2024-05-01 | 0 days | 1,820 sqft |
2024-06-01 | 0 days | 1,783 sqft |
2024-07-01 | 0 days | 1,793 sqft |
2024-08-01 | 0 days | 1,768 sqft |
2024-09-01 | 0 days | 1,740 sqft |
2024-10-01 | 0 days | 1,723 sqft |
Beaver Dam's median square footage for active listings during the 2024-10-01 period was 1,723 sqft. One year prior, the average listing was 1,785 sqft.