Bend FHA Loan Rates, Closing Costs & Stats

BEND, OR

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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.

    Bend's 66 lenders originated 396 FHA loans during 2023. The total origination value was $165,700,000, with an average FHA loan value of $418,434.

    Bend FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Bend averaged 6.35% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Bend's average FHA mortgage closing costs are $11,332.

    The average rate for the prior week (2025-02-07) was 6.66% and one month ago for the week of 2025-01-10, the average rate was 6.43%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.93%.

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

    Bend 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 Bend level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 45 6.06% $18,401
    GUILD MORTGAGE COMPANY 37 6.32% $21,277
    QUICKEN LOANS, LLC 30 6.15% $15,541
    LOANDEPOT.COM, LLC 16 6.28% $19,719
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 6.01% $16,641
    AMERICAN PACIFIC MORTGAGE CORPORATION 13 6.25% $19,847
    CMG MORTGAGE, INC. 12 6.39% $15,463
    NATIONS DIRECT MORTGAGE, LLC 11 6.00% $16,090
    MOVEMENT MORTGAGE, LLC 10 6.94% $17,581
    CANOPY MORTGAGE, LLC 7 6.19% $19,396
    SUMMIT FUNDING, INC. 6 6.46% $20,126
    PREMIER MORTGAGE RESOURCES, L.L.C. 6 5.93% $24,544
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.05% $19,747
    The Loan Store, Inc. 5 6.95% $20,841
    Willamette Valley Bank 5 6.28% $18,089
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 5 6.25% $18,272
    NEWREZ LLC 5 6.85% $11,188
    Mr. Cooper ( Nationstar Mortgage ) 5 6.03% $20,924
    PENNYMAC LOAN SERVICES, LLC 4 5.66% $19,309
    LEADERONE FINANCIAL CORPORATION 4 6.88% $19,851
    AXIA FINANCIAL, LLC 4 6.56% $22,349
    MANN FINANCIAL INC. 4 6.34% $17,053
    DIRECTORS MORTGAGE, INC. 4 6.53% $21,419
    MORTGAGE EXPRESS, LLC 3 6.04% $15,836
    GUARANTEED RATE, INC. 3 5.96% $16,395
    LPMC, LLC 3 6.92% $13,171
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.67% $19,220
    CHURCHILL MORTGAGE CORPORATION 3 6.00% $17,520
    DHI MORTGAGE COMPANY, LTD. 3 5.88% $20,014
    EAGLE HOME MORTGAGE, LLC 3 5.21% $19,527
    Century Mortgage Company DBA Century Lending Company 3 6.71% $14,600
    GENEVA FINANCIAL, LLC 3 6.75% $23,820
    Golden Empire Mortgage, Inc. 3 7.04% $21,552
    Paramount Residential Mortgage Group, Inc. 2 7.56% $17,412
    CARDINAL FINANCIAL 2 6.00% $36,524
    Commerce Home Mortgage, Inc. 2 5.94% $21,218
    CROSSCOUNTRY MORTGAGE, LLC 2 7.00% $20,051
    Mortgage Research Center, LLC 2 6.81% $15,654
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.50% $14,536
    Nations Lending Corporation 2 6.44% $9,798
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 6.19% $18,421
    ACADEMY MORTGAGE CORPORATION 2 6.50% $18,016
    PLAZA HOME MORTGAGE, INC. 2 7.63% $18,801
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.50% $21,688
    Prosperity Home Mortgage, LLC 2 6.63% $17,892
    U.S. Bank 2 6.44% $9,320
    Washington Trust Bank 2 5.56% $19,593
    OnPoint Community Credit Union 1 6.88% $16,468
    The Federal Savings Bank 1 6.50% $29,072
    Bank of England 1 7.13% $11,817
    Equity Prime Mortgage LLC 1 7.75% $20,720
    Umpqua Bank 1 7.00% $11,841
    Capital Bank 1 6.75% $28,552
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $10,605
    PRIORITY HOME LENDING, LLC 1 5.38% $29,928
    AMERICAN FINANCIAL NETWORK, INC. 1 7.25% $24,953
    MID AMERICA MORTGAGE, INC. 1 6.63% $5,907
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.75% $12,704
    CALIBER HOME LOANS, INC. 1 5.25% $19,508
    Loan Simple, Inc. 1 7.13% $18,400
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $21,514
    Sierra Pacific Mortgage Company, Inc. 1 5.00% $19,106
    GSF Mortgage Corporation 1 6.13% $19,974
    BAY EQUITY LLC 1 6.75% $16,585
    Flagstar Bank, FSB 1 5.75% $16,325
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.25% $12,987

    The top Bend FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 45 FHA loans originated. Their average total fees are $18,401, which is $2,876 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Bend FHA lenders (with over 10 loans originated) are CMG MORTGAGE, INC. ($15,463), QUICKEN LOANS, LLC ($15,541), NATIONS DIRECT MORTGAGE, LLC ($16,090), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($16,641) and MOVEMENT MORTGAGE, LLC ($17,581).

    The lowest rate Bend FHA lenders (with over 10 loans originated) are NATIONS DIRECT MORTGAGE, LLC (6.00%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.01%), UNITED WHOLESALE MORTGAGE, LLC (6.06%), QUICKEN LOANS, LLC (6.15%) and AMERICAN PACIFIC MORTGAGE CORPORATION (6.25%).

    Bend FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BEND, OR DESCHUTES 2022 $569,250 $728,750 $880,900 $1,094,700
    BEND, OR DESCHUTES 2023 $690,000 $883,300 $1,067,750 $1,326,950

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bend (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 $432,675 (7.7%) $606,671 (3.0%) 1.67 1,392
    2018-02-01 $436,725 (9.2%) $609,596 (5.9%) 1.63 1,367
    2018-03-01 $445,700 (5.0%) $613,474 (5.0%) 1.61 1,495
    2018-04-01 $457,725 (7.1%) $629,862 (6.6%) 1.61 1,606
    2018-05-01 $459,450 (5.7%) $629,204 (7.5%) 1.59 1,737
    2018-06-01 $474,900 (5.0%) $632,942 (3.9%) 1.63 1,879
    2018-07-01 $472,839 (3.9%) $635,692 (3.9%) 1.63 2,044
    2018-08-01 $469,900 (4.4%) $628,241 (3.9%) 1.65 2,078
    2018-09-01 $473,450 (8.8%) $631,943 (6.6%) 1.66 2,048
    2018-10-01 $466,925 (7.2%) $626,123 (5.2%) 1.66 1,927
    2018-11-01 $461,725 (5.2%) $635,430 (5.9%) 1.64 1,748
    2018-12-01 $459,979 (5.8%) $644,969 (7.7%) 1.69 1,570
    2019-01-01 $464,450 (7.3%) $652,581 (7.6%) 1.70 1,425
    2019-02-01 $469,500 (7.5%) $647,635 (6.2%) 1.69 1,386
    2019-03-01 $484,586 (8.7%) $649,952 (6.0%) 1.67 1,419
    2019-04-01 $495,500 (8.3%) $650,630 (3.3%) 1.66 1,466
    2019-05-01 $495,000 (7.7%) $654,532 (4.0%) 1.62 1,667
    2019-06-01 $489,900 (3.2%) $651,737 (3.0%) 1.62 1,971
    2019-07-01 $499,000 (5.5%) $653,218 (2.8%) 1.62 2,067
    2019-08-01 $492,455 (4.8%) $659,664 (5.0%) 1.62 2,003
    2019-09-01 $482,636 (1.9%) $652,615 (3.3%) 1.61 1,943
    2019-10-01 $478,091 (2.4%) $650,598 (3.9%) 1.61 1,855
    2019-11-01 $474,900 (2.9%) $664,538 (4.6%) 1.64 1,573
    2019-12-01 $466,750 (1.5%) $670,170 (3.9%) 1.67 1,279
    2020-01-01 $454,900 (-2.1%) $663,777 (1.7%) 1.65 1,145
    2020-02-01 $450,000 (-4.2%) $662,052 (2.2%) 1.58 1,102
    2020-03-01 $464,500 (-4.1%) $661,763 (1.8%) 1.53 1,201
    2020-04-01 $468,850 (-5.4%) $652,640 (0.3%) 1.53 1,399
    2020-05-01 $478,160 (-3.4%) $661,606 (1.1%) 1.52 1,393
    2020-06-01 $487,250 (-0.5%) $688,092 (5.6%) 1.47 1,231
    2020-07-01 $509,250 (2.1%) $709,754 (8.7%) 1.53 1,078
    2020-08-01 $499,900 (1.5%) $759,672 (15.2%) 1.55 795
    2020-09-01 $526,198 (9.0%) $773,000 (18.5%) 1.62 701
    2020-10-01 $539,900 (12.9%) $795,776 (22.3%) 1.68 597
    2020-11-01 $571,975 (20.4%) $817,671 (23.0%) 1.80 505
    2020-12-01 $552,703 (18.4%) $819,214 (22.2%) 1.83 452
    2021-01-01 $549,950 (20.9%) $848,315 (27.8%) 1.79 396
    2021-02-01 $604,925 (34.4%) $906,165 (36.9%) 1.87 365
    2021-03-01 $568,703 (22.4%) $923,899 (39.6%) 1.73 379
    2021-04-01 $624,725 (33.3%) $964,181 (47.7%) 1.84 383
    2021-05-01 $642,500 (34.4%) $934,371 (41.2%) 1.73 435
    2021-06-01 $657,500 (34.9%) $959,547 (39.5%) 1.83 557
    2021-07-01 $689,450 (35.4%) $984,800 (38.8%) 1.85 694
    2021-08-01 $678,750 (35.8%) $970,307 (27.7%) 1.87 802
    2021-09-01 $687,500 (30.7%) $962,303 (24.5%) 1.87 878
    2021-10-01 $665,000 (23.2%) $935,550 (17.6%) 1.87 887
    2021-11-01 $653,146 (14.2%) $938,349 (14.8%) 1.86 735
    2021-12-01 $668,604 (21.0%) $993,717 (21.3%) 1.92 553
    2022-01-01 $649,450 (18.1%) $988,783 (16.6%) 1.86 398
    2022-02-01 $682,425 (12.8%) $980,393 (8.2%) 1.93 382
    2022-03-01 $683,009 (20.1%) $949,619 (2.8%) 1.81 446
    2022-04-01 $699,500 (12.0%) $970,185 (0.6%) 1.79 566
    2022-05-01 $734,500 (14.3%) $985,031 (5.4%) 1.78 792
    2022-06-01 $722,225 (9.8%) $957,203 (-0.2%) 1.69 1,006
    2022-07-01 $699,900 (1.5%) $950,095 (-3.5%) 1.67 1,246
    2022-08-01 $684,700 (0.9%) $928,574 (-4.3%) 1.67 1,281
    2022-09-01 $666,907 (-3.0%) $938,722 (-2.5%) 1.64 1,268
    2022-10-01 $649,900 (-2.3%) $924,094 (-1.2%) 1.59 1,260
    2022-11-01 $637,592 (-2.4%) $920,910 (-1.9%) 1.61 1,145
    2022-12-01 $625,000 (-6.5%) $918,627 (-7.6%) 1.62 1,030
    2023-01-01 $622,200 (-4.2%) $903,852 (-8.6%) 1.61 867
    2023-02-01 $625,000 (-8.4%) $936,349 (-4.5%) 1.59 821
    2023-03-01 $636,200 (-6.9%) $943,930 (-0.6%) 1.60 847
    2023-04-01 $658,700 (-5.8%) $991,799 (2.2%) 1.63 869
    2023-05-01 $712,400 (-3.0%) $1,011,334 (2.7%) 1.75 987
    2023-06-01 $709,450 (-1.8%) $1,004,382 (4.9%) 1.72 1,102
    2023-07-01 $734,900 (5.0%) $996,724 (4.9%) 1.77 1,263
    2023-08-01 $727,000 (6.2%) $988,448 (6.5%) 1.78 1,277
    2023-09-01 $725,000 (8.7%) $968,824 (3.2%) 1.80 1,296
    2023-10-01 $699,775 (7.7%) $951,874 (3.0%) 1.73 1,253
    2023-11-01 $682,050 (7.0%) $939,114 (2.0%) 1.67 1,191
    2023-12-01 $675,000 (8.0%) $935,595 (1.9%) 1.71 1,058
    2024-01-01 $649,950 (4.5%) $909,367 (0.6%) 1.67 958
    2024-02-01 $649,950 (4.0%) $914,197 (-2.4%) 1.66 937
    2024-03-01 $659,900 (3.7%) $935,250 (-0.9%) 1.65 1,001
    2024-04-01 $699,000 (6.1%) $986,299 (-0.6%) 1.70 1,151
    2024-05-01 $724,900 (1.8%) $1,001,747 (-1.0%) 1.71 1,385
    2024-06-01 $726,788 (2.4%) $1,017,674 (1.3%) 1.73 1,608
    2024-07-01 $724,950 (-1.4%) $1,010,609 (1.4%) 1.74 1,814
    2024-08-01 $710,000 (-2.3%) $1,005,018 (1.7%) 1.73 1,844
    2024-09-01 $705,374 (-2.7%) $999,206 (3.1%) 1.73 1,789
    2024-10-01 $699,450 (-0.1%) $976,909 (2.6%) 1.71 1,687
    2024-11-01 $689,900 (1.2%) $955,768 (1.8%) 1.73 1,608
    2024-12-01 $674,069 (-0.1%) $947,021 (1.2%) 1.74 1,367
    2025-01-01 $664,499 (2.2%) $961,042 (5.7%) 0.00 1,199
    Bend's median listing price for 2025-01-01 was $664,499, a difference of $14,549 (2.2%) versus the prior year and $-9,570 versus the prior month.

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

    Bend's average listing price for 2025-01-01 was $961,042, a difference of $51,675 (5.7%) versus the prior year and $14,021 versus the prior month.

    For the 2025-01-01 period, Bend had 1,199 MLS listings, a difference of -168 listings (-12%) versus the prior month and 241 listings (25%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bend (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 95 days 2,024 sqft
    2018-02-01 83 days 2,010 sqft
    2018-03-01 58 days 2,015 sqft
    2018-04-01 54 days 2,030 sqft
    2018-05-01 52 days 2,043 sqft
    2018-06-01 50 days 2,040 sqft
    2018-07-01 57 days 2,039 sqft
    2018-08-01 65 days 2,030 sqft
    2018-09-01 71 days 2,051 sqft
    2018-10-01 84 days 2,028 sqft
    2018-11-01 92 days 2,025 sqft
    2018-12-01 106 days 2,021 sqft
    2019-01-01 110 days 2,033 sqft
    2019-02-01 102 days 2,040 sqft
    2019-03-01 85 days 2,039 sqft
    2019-04-01 62 days 2,046 sqft
    2019-05-01 42 days 2,058 sqft
    2019-06-01 43 days 2,072 sqft
    2019-07-01 56 days 2,075 sqft
    2019-08-01 66 days 2,062 sqft
    2019-09-01 77 days 2,034 sqft
    2019-10-01 84 days 2,023 sqft
    2019-11-01 92 days 2,032 sqft
    2019-12-01 100 days 2,029 sqft
    2020-01-01 103 days 2,023 sqft
    2020-02-01 87 days 2,005 sqft
    2020-03-01 52 days 2,021 sqft
    2020-04-01 50 days 2,009 sqft
    2020-05-01 68 days 2,023 sqft
    2020-06-01 67 days 2,046 sqft
    2020-07-01 64 days 2,054 sqft
    2020-08-01 64 days 2,038 sqft
    2020-09-01 59 days 2,009 sqft
    2020-10-01 68 days 1,981 sqft
    2020-11-01 71 days 1,990 sqft
    2020-12-01 67 days 1,945 sqft
    2021-01-01 58 days 1,959 sqft
    2021-02-01 40 days 1,994 sqft
    2021-03-01 39 days 1,943 sqft
    2021-04-01 37 days 2,016 sqft
    2021-05-01 34 days 1,948 sqft
    2021-06-01 29 days 1,983 sqft
    2021-07-01 32 days 1,996 sqft
    2021-08-01 36 days 1,982 sqft
    2021-09-01 41 days 1,990 sqft
    2021-10-01 50 days 1,960 sqft
    2021-11-01 62 days 1,924 sqft
    2021-12-01 82 days 1,957 sqft
    2022-01-01 90 days 1,920 sqft
    2022-02-01 39 days 1,919 sqft
    2022-03-01 32 days 1,940 sqft
    2022-04-01 31 days 1,962 sqft
    2022-05-01 29 days 1,991 sqft
    2022-06-01 34 days 1,996 sqft
    2022-07-01 38 days 1,971 sqft
    2022-08-01 51 days 1,962 sqft
    2022-09-01 62 days 1,944 sqft
    2022-10-01 66 days 1,927 sqft
    2022-11-01 73 days 1,914 sqft
    2022-12-01 91 days 1,908 sqft
    2023-01-01 96 days 1,921 sqft
    2023-02-01 89 days 1,902 sqft
    2023-03-01 54 days 1,908 sqft
    2023-04-01 51 days 1,927 sqft
    2023-05-01 45 days 1,981 sqft
    2023-06-01 43 days 1,998 sqft
    2023-07-01 47 days 2,026 sqft
    2023-08-01 54 days 2,010 sqft
    2023-09-01 64 days 1,991 sqft
    2023-10-01 71 days 1,984 sqft
    2023-11-01 78 days 1,963 sqft
    2023-12-01 85 days 1,953 sqft
    2024-01-01 92 days 1,930 sqft
    2024-02-01 86 days 1,933 sqft
    2024-03-01 57 days 1,930 sqft
    2024-04-01 44 days 1,946 sqft
    2024-05-01 44 days 1,962 sqft
    2024-06-01 50 days 1,987 sqft
    2024-07-01 57 days 1,969 sqft
    2024-08-01 65 days 1,976 sqft
    2024-09-01 81 days 1,998 sqft
    2024-10-01 96 days 1,977 sqft
    2024-11-01 114 days 1,941 sqft
    2024-12-01 96 days 1,933 sqft
    2025-01-01 0 days 1,940 sqft
    Bend's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Bend's median square footage for active listings during the 2025-01-01 period was 1,940 sqft. One year prior, the average listing was 1,930 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).