Bloomsburg FHA Loan Rates, Closing Costs & Stats

BLOOMSBURG-BERWICK, PA

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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.

    Bloomsburg's 38 lenders originated 126 FHA loans during 2023. The total origination value was $21,950,000, with an average FHA loan value of $174,206.

    Bloomsburg FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Bloomsburg averaged 6.37% for the week of 2024-11-08, compared to the national average (all FHA variants) of 6.425% for the same period.

    Bloomsburg's average FHA mortgage closing costs are $7,435.

    The average rate for the prior week (2024-11-01) was 6.65% and one month ago for the week of 2024-10-04, the average rate was 6.07%.

    The average rate one year ago was 7.51%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.53%.

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

    Bloomsburg 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 Bloomsburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 31 6.23% $10,551
    Century Mortgage Company DBA Century Lending Company 6 6.54% $10,053
    GUILD MORTGAGE COMPANY 5 6.55% $12,565
    BROKER SOLUTIONS, INC. 5 6.57% $11,331
    UNITED WHOLESALE MORTGAGE, LLC 5 6.37% $10,381
    AMERISAVE MORTGAGE CORPORATION 3 5.46% $16,179
    Mortgage America, Inc. 3 6.42% $6,732
    M&T Bank 3 6.13% $6,528
    Fulton Bank 3 6.00% $7,509
    NFM, INC. 3 6.58% $10,206
    ALLIED MORTGAGE GROUP, INC. 3 5.96% $10,802
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.71% $7,232
    CARDINAL FINANCIAL 3 6.50% $11,406
    Mortgage Research Center, LLC 2 7.19% $6,762
    CROSSCOUNTRY MORTGAGE, LLC 2 6.44% $11,286
    NEWREZ LLC 2 6.50% $7,022
    RUOFF MORTGAGE COMPANY, INC. 1 6.50% $5,584
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $8,832
    The Ephrata National Bank 1 6.25% $8,971
    VILLAGE CAPITAL MORTGAGE 1 6.75% $3,136
    Waterstone Mortgage Corporation 1 6.13% $12,486
    Acre Mortgage and Financial Inc 1 7.63% $12,048
    ZILLOW HOME LOANS, LLC 1 7.13% $9,424
    Alcova Mortgage LLC 1 6.99% $4,023
    Carrington Mortgage Services, LLC 1 6.63% $9,175
    Citizens Bank 1 6.50% $17,253
    CMG MORTGAGE, INC. 1 6.25% $6,718
    Commerce Home Mortgage, Inc. 1 7.13% $10,359
    GENEVA FINANCIAL, LLC 1 7.75% $13,233
    Hometown Equity Mortgage, LLC 1 7.00% $10,343
    Ixonia Bank 1 8.00% $10,773
    LOANDEPOT.COM, LLC 1 5.75% $8,715
    MOVEMENT MORTGAGE, LLC 1 6.50% $12,125
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $9,876
    NEW DAY FINANCIAL, LLC 1 7.75% $4,373
    Plains Commerce Bank 1 7.13% $12,626
    PNC Bank 1 6.63% $9,570
    Prosperity Home Mortgage, LLC 1 7.38% $8,352

    The top Bloomsburg FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 31 FHA loans originated. Their average total fees are $10,551, which is $498 higher than the next largest lender, Century Mortgage Company DBA Century Lending Company.

    The lowest fee Bloomsburg FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($10,551), .

    The lowest rate Bloomsburg FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.23%), .

    Bloomsburg FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BLOOMSBURG-BERWICK, PA COLUMBIA 2022 $420,680 $538,650 $651,050 $809,150
    BLOOMSBURG-BERWICK, PA MONTOUR 2022 $420,680 $538,650 $651,050 $809,150
    BLOOMSBURG-BERWICK, PA COLUMBIA 2023 $472,030 $604,400 $730,525 $907,900
    BLOOMSBURG-BERWICK, PA MONTOUR 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bloomsburg (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 $166,500 (14.8%) $214,313 (3.5%) 0.00 318
    2018-02-01 $157,975 (6.0%) $219,551 (5.1%) 0.00 292
    2018-03-01 $159,900 (-1.5%) $235,371 (7.4%) 0.00 285
    2018-04-01 $168,450 (-0.9%) $253,123 (12.9%) 0.00 267
    2018-05-01 $180,000 (6.5%) $258,609 (17.5%) 0.00 264
    2018-06-01 $171,500 (4.9%) $250,757 (17.5%) 0.00 277
    2018-07-01 $167,500 (8.1%) $242,612 (15.6%) 0.00 294
    2018-08-01 $165,250 (6.7%) $238,625 (14.6%) 0.00 293
    2018-09-01 $175,000 (13.0%) $247,580 (19.3%) 0.00 293
    2018-10-01 $170,400 (10.0%) $231,606 (12.2%) 0.00 301
    2018-11-01 $169,925 (1.5%) $227,495 (6.4%) 0.00 286
    2018-12-01 $164,900 (-1.9%) $222,467 (4.4%) 0.00 276
    2019-01-01 $159,175 (-4.4%) $213,994 (-0.2%) 0.00 274
    2019-02-01 $161,500 (2.2%) $219,809 (0.1%) 0.00 251
    2019-03-01 $177,286 (10.9%) $228,470 (-2.9%) 0.00 250
    2019-04-01 $193,786 (15.0%) $242,535 (-4.2%) 0.00 249
    2019-05-01 $185,000 (2.8%) $238,651 (-7.7%) 0.00 259
    2019-06-01 $179,900 (4.9%) $228,493 (-8.9%) 0.00 263
    2019-07-01 $179,900 (7.4%) $222,210 (-8.4%) 0.00 258
    2019-08-01 $177,991 (7.7%) $217,427 (-8.9%) 0.00 259
    2019-09-01 $175,127 (0.1%) $216,585 (-12.5%) 0.00 253
    2019-10-01 $171,400 (0.6%) $216,023 (-6.7%) 0.00 254
    2019-11-01 $167,700 (-1.3%) $215,762 (-5.2%) 0.00 242
    2019-12-01 $164,900 (0.0%) $215,374 (-3.2%) 0.00 222
    2020-01-01 $166,173 (4.4%) $221,090 (3.3%) 0.00 205
    2020-02-01 $169,973 (5.3%) $222,201 (1.1%) 0.00 191
    2020-03-01 $185,250 (4.5%) $240,564 (5.3%) 0.00 186
    2020-04-01 $199,600 (3.0%) $243,887 (0.6%) 0.00 172
    2020-05-01 $184,000 (-0.5%) $246,759 (3.4%) 0.00 170
    2020-06-01 $182,938 (1.7%) $248,190 (8.6%) 0.00 155
    2020-07-01 $179,950 (0.0%) $239,643 (7.9%) 0.00 149
    2020-08-01 $179,900 (1.1%) $236,723 (8.9%) 0.00 155
    2020-09-01 $188,450 (7.6%) $239,905 (10.8%) 0.00 141
    2020-10-01 $185,000 (7.9%) $237,524 (10.0%) 0.00 137
    2020-11-01 $181,050 (8.0%) $234,234 (8.6%) 0.00 129
    2020-12-01 $174,999 (6.1%) $228,815 (6.2%) 0.00 131
    2021-01-01 $169,900 (2.2%) $225,117 (1.8%) 0.00 126
    2021-02-01 $187,950 (10.6%) $250,958 (12.9%) 0.00 108
    2021-03-01 $187,950 (1.5%) $259,387 (7.8%) 0.00 95
    2021-04-01 $191,975 (-3.8%) $280,247 (14.9%) 0.00 85
    2021-05-01 $189,000 (2.7%) $269,641 (9.3%) 0.00 90
    2021-06-01 $176,100 (-3.7%) $251,188 (1.2%) 0.00 101
    2021-07-01 $205,000 (13.9%) $268,561 (12.1%) 0.00 115
    2021-08-01 $214,950 (19.5%) $315,027 (33.1%) 0.00 92
    2021-09-01 $211,125 (12.0%) $298,357 (24.4%) 0.00 88
    2021-10-01 $217,500 (17.6%) $293,382 (23.5%) 0.00 90
    2021-11-01 $201,750 (11.4%) $267,961 (14.4%) 0.00 87
    2021-12-01 $202,500 (15.7%) $280,953 (22.8%) 0.00 79
    2022-01-01 $197,000 (16.0%) $324,257 (44.0%) 0.00 59
    2022-02-01 $185,125 (-1.5%) $300,745 (19.8%) 0.00 63
    2022-03-01 $188,750 (0.4%) $288,143 (11.1%) 0.00 64
    2022-04-01 $193,500 (0.8%) $321,885 (14.9%) 0.00 62
    2022-05-01 $225,000 (19.1%) $331,134 (22.8%) 0.00 71
    2022-06-01 $268,225 (52.3%) $342,799 (36.5%) 0.00 90
    2022-07-01 $233,000 (13.7%) $330,727 (23.2%) 0.00 103
    2022-08-01 $239,450 (11.4%) $335,255 (6.4%) 0.00 102
    2022-09-01 $238,975 (13.2%) $312,721 (4.8%) 0.00 99
    2022-10-01 $256,450 (17.9%) $320,277 (9.2%) 0.00 98
    2022-11-01 $245,725 (21.8%) $302,868 (13.0%) 0.00 96
    2022-12-01 $233,450 (15.3%) $285,107 (1.5%) 0.00 96
    2023-01-01 $217,425 (10.4%) $273,844 (-15.6%) 0.00 74
    2023-02-01 $239,700 (29.5%) $282,524 (-6.1%) 0.00 67
    2023-03-01 $248,975 (31.9%) $319,582 (10.9%) 0.00 66
    2023-04-01 $235,000 (21.5%) $324,124 (0.7%) 0.00 68
    2023-05-01 $237,000 (5.3%) $307,604 (-7.1%) 0.00 66
    2023-06-01 $238,450 (-11.1%) $301,531 (-12.0%) 0.00 71
    2023-07-01 $238,450 (2.3%) $312,235 (-5.6%) 0.00 66
    2023-08-01 $243,125 (1.5%) $302,470 (-9.8%) 0.00 72
    2023-09-01 $239,000 (0.0%) $297,091 (-5.0%) 0.00 81
    2023-10-01 $227,200 (-11.4%) $285,026 (-11.0%) 0.00 90
    2023-11-01 $219,375 (-10.7%) $283,731 (-6.3%) 0.00 92
    2023-12-01 $217,000 (-7.1%) $274,500 (-3.7%) 0.00 83
    2024-01-01 $259,750 (19.5%) $324,835 (18.6%) 0.00 64
    2024-02-01 $269,475 (12.4%) $338,166 (19.7%) 0.00 68
    2024-03-01 $269,250 (8.1%) $326,104 (2.0%) 0.00 80
    2024-04-01 $272,900 (16.1%) $327,981 (1.2%) 0.00 84
    2024-05-01 $271,200 (14.4%) $346,772 (12.7%) 0.00 90
    2024-06-01 $271,400 (13.8%) $353,389 (17.2%) 0.00 97
    2024-07-01 $256,150 (7.4%) $328,893 (5.3%) 0.00 90
    2024-08-01 $239,900 (-1.3%) $315,194 (4.2%) 0.00 97
    2024-09-01 $240,950 (0.8%) $344,630 (16.0%) 0.00 108
    2024-10-01 $257,450 (13.3%) $337,206 (18.3%) 0.00 117
    Bloomsburg's median listing price for 2024-10-01 was $257,450, a difference of $30,250 (13.3%) versus the prior year and $16,500 versus the prior month.

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

    Bloomsburg's average listing price for 2024-10-01 was $337,206, a difference of $52,180 (18.3%) versus the prior year and $-7,424 versus the prior month.

    For the 2024-10-01 period, Bloomsburg had 117 MLS listings, a difference of 9 listings (8%) versus the prior month and 27 listings (30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bloomsburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,695 sqft
    2018-02-01 0 days 1,694 sqft
    2018-03-01 0 days 1,722 sqft
    2018-04-01 0 days 1,766 sqft
    2018-05-01 0 days 1,776 sqft
    2018-06-01 0 days 1,777 sqft
    2018-07-01 0 days 1,724 sqft
    2018-08-01 0 days 1,696 sqft
    2018-09-01 0 days 1,720 sqft
    2018-10-01 0 days 1,709 sqft
    2018-11-01 0 days 1,727 sqft
    2018-12-01 0 days 1,688 sqft
    2019-01-01 0 days 1,696 sqft
    2019-02-01 0 days 1,727 sqft
    2019-03-01 0 days 1,772 sqft
    2019-04-01 0 days 1,878 sqft
    2019-05-01 0 days 1,845 sqft
    2019-06-01 0 days 1,758 sqft
    2019-07-01 0 days 1,705 sqft
    2019-08-01 0 days 1,680 sqft
    2019-09-01 0 days 1,644 sqft
    2019-10-01 0 days 1,620 sqft
    2019-11-01 0 days 1,620 sqft
    2019-12-01 0 days 1,638 sqft
    2020-01-01 0 days 1,676 sqft
    2020-02-01 0 days 1,690 sqft
    2020-03-01 0 days 1,702 sqft
    2020-04-01 0 days 1,720 sqft
    2020-05-01 0 days 1,647 sqft
    2020-06-01 0 days 1,673 sqft
    2020-07-01 0 days 1,629 sqft
    2020-08-01 0 days 1,686 sqft
    2020-09-01 0 days 1,735 sqft
    2020-10-01 0 days 1,758 sqft
    2020-11-01 0 days 1,617 sqft
    2020-12-01 0 days 1,606 sqft
    2021-01-01 0 days 1,620 sqft
    2021-02-01 0 days 1,712 sqft
    2021-03-01 0 days 1,701 sqft
    2021-04-01 0 days 1,763 sqft
    2021-05-01 0 days 1,694 sqft
    2021-06-01 0 days 1,663 sqft
    2021-07-01 0 days 1,644 sqft
    2021-08-01 0 days 1,711 sqft
    2021-09-01 0 days 1,882 sqft
    2021-10-01 0 days 1,806 sqft
    2021-11-01 0 days 1,657 sqft
    2021-12-01 0 days 1,683 sqft
    2022-01-01 0 days 1,739 sqft
    2022-02-01 0 days 1,704 sqft
    2022-03-01 0 days 1,667 sqft
    2022-04-01 0 days 1,687 sqft
    2022-05-01 0 days 1,814 sqft
    2022-06-01 0 days 1,863 sqft
    2022-07-01 0 days 1,800 sqft
    2022-08-01 0 days 1,965 sqft
    2022-09-01 0 days 1,891 sqft
    2022-10-01 0 days 1,792 sqft
    2022-11-01 0 days 1,791 sqft
    2022-12-01 0 days 1,798 sqft
    2023-01-01 0 days 1,799 sqft
    2023-02-01 0 days 1,803 sqft
    2023-03-01 0 days 1,829 sqft
    2023-04-01 0 days 1,828 sqft
    2023-05-01 0 days 1,745 sqft
    2023-06-01 0 days 1,814 sqft
    2023-07-01 0 days 1,835 sqft
    2023-08-01 0 days 1,746 sqft
    2023-09-01 0 days 1,756 sqft
    2023-10-01 0 days 1,765 sqft
    2023-11-01 0 days 1,702 sqft
    2023-12-01 0 days 1,691 sqft
    2024-01-01 0 days 1,838 sqft
    2024-02-01 0 days 1,998 sqft
    2024-03-01 0 days 1,972 sqft
    2024-04-01 0 days 1,845 sqft
    2024-05-01 0 days 1,739 sqft
    2024-06-01 0 days 1,820 sqft
    2024-07-01 0 days 1,720 sqft
    2024-08-01 0 days 1,740 sqft
    2024-09-01 0 days 1,799 sqft
    2024-10-01 0 days 1,829 sqft
    Bloomsburg's median listing age (time on market) for 2024-10-01 was 0 days.

    Bloomsburg's median square footage for active listings during the 2024-10-01 period was 1,829 sqft. One year prior, the average listing was 1,765 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).