Boston FHA Loan Rates, Closing Costs & Stats

Boston-Cambridge-Newton, MA-NH

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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.

    Boston's 146 lenders originated 4,043 FHA loans during 2023. The total origination value was $1,977,405,000, with an average FHA loan value of $489,093.

    Boston FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Boston averaged 6.51% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Boston's average FHA mortgage closing costs are $12,259.

    The average rate for the prior week (2025-02-07) was 6.13% and one month ago for the week of 2025-01-10, the average rate was 6.39%.

    The average rate one year ago was 6.12%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.25%.

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

    Boston 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 Boston level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 352 6.33% $19,745
    QUICKEN LOANS, LLC 350 6.11% $18,430
    CROSSCOUNTRY MORTGAGE, LLC 312 6.66% $19,176
    GUARANTEED RATE, INC. 196 6.47% $18,830
    LOANDEPOT.COM, LLC 182 6.37% $17,605
    MOVEMENT MORTGAGE, LLC 128 6.69% $18,609
    GUILD MORTGAGE COMPANY 127 6.53% $19,513
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 91 6.73% $17,194
    TOTAL MORTGAGE SERVICES, LLC 90 6.31% $20,024
    NEWREZ LLC 78 6.25% $19,573
    NEW FED MORTGAGE, CORP. 75 6.75% $18,605
    CMG MORTGAGE, INC. 66 6.95% $17,435
    Mr. Cooper ( Nationstar Mortgage ) 54 6.06% $25,059
    MORTGAGE EQUITY PARTNERS LLC 54 6.53% $22,314
    EMM LOANS LLC 52 6.34% $21,069
    RADIUS FINANCIAL GROUP INC. 51 6.63% $19,531
    SALEM FIVE MORTGAGE COMPANY, LLC 49 6.70% $16,220
    PENNYMAC LOAN SERVICES, LLC 47 6.06% $18,439
    BROKER SOLUTIONS, INC. 44 6.60% $19,457
    CARDINAL FINANCIAL 44 6.39% $25,148
    FREEDOM MORTGAGE CORPORATION 44 6.85% $22,060
    PRIMELENDING, A PLAINSCAPITAL COMPANY 43 6.59% $21,236
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 42 6.81% $24,924
    HOMEBRIDGE FINANCIAL SERVICES, INC. 38 6.49% $18,215
    Leader Bank 36 6.28% $16,927
    NATIONS RELIABLE LENDING, LLC 32 6.50% $21,744
    Sierra Pacific Mortgage Company, Inc. 31 6.35% $19,988
    Fall River Five Cents Savings Bank 30 6.10% $17,708
    MUTUAL OF OMAHA MORTGAGE, INC. 30 6.40% $22,096
    AMERISAVE MORTGAGE CORPORATION 29 5.91% $22,488
    Shamrock Home Loans, Inc. 29 6.62% $20,393
    Citizens Bank 28 6.26% $18,155
    EMBRACE HOME LOANS, INC. 25 6.37% $16,482
    GUARANTEED RATE AFFINITY, LLC 25 6.71% $18,489
    HARBORONE MORTGAGE, LLC 23 6.56% $15,310
    NATIONS DIRECT MORTGAGE, LLC 21 7.01% $21,618
    FIRST HOME MORTGAGE CORPORATION 20 6.68% $23,383
    Paramount Residential Mortgage Group, Inc. 20 6.62% $19,356
    DRAPER AND KRAMER MORTGAGE CORP. 20 6.69% $18,372
    Flagstar Bank, FSB 19 6.25% $14,920
    NFM, INC. 18 6.56% $23,674
    LAKEVIEW LOAN SERVICING, LLC 17 6.11% $16,683
    NORWICH COMMERCIAL GROUP, INC. 16 6.26% $22,321
    American Mortgage & Equity Consultants, Inc. 16 6.86% $17,805
    Rockland Trust Company 15 6.74% $13,527
    ENVOY MORTGAGE, LTD 15 6.69% $16,145
    RELIANCE FIRST CAPITAL, LLC 15 6.68% $17,674
    Eastern Bank 15 6.59% $15,533
    AMERICAN FINANCIAL NETWORK, INC. 15 6.76% $24,480
    Home Loan Investment Bank, F.S.B. 14 6.76% $13,018
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 6.52% $16,817
    NORTHPOINT MORTGAGE, INC. 12 6.56% $16,799
    U.S. Bank 12 6.51% $13,251
    FIRST MORTGAGE COMPANY, INC. 11 6.67% $16,367
    Keystone Funding, Inc. 11 6.58% $19,198
    The Federal Savings Bank 10 6.50% $26,084
    Equity Prime Mortgage LLC 10 6.79% $21,466
    DREW MORTGAGE ASSOCIATES, INC. 10 6.33% $14,296
    TOP FLITE FINANCIAL, INC. 10 7.00% $27,605
    OCMBC, INC. 10 6.96% $20,595
    ALLIED MORTGAGE GROUP, INC. 9 6.54% $21,310
    LEADERONE FINANCIAL CORPORATION 9 6.94% $13,882
    BAY EQUITY LLC 9 6.90% $13,430
    Northpointe Bank 9 6.35% $20,767
    Evolve Bank & Trust 8 6.50% $18,977
    Republic State Mortgage Co. 8 6.67% $19,546
    Bank of England 8 6.17% $19,507
    Cornerstone First Mortgage, Inc 8 6.52% $18,152
    TJC Mortgage, Inc. 8 6.45% $22,259
    PLAZA HOME MORTGAGE, INC. 8 6.31% $26,023
    Bridgewater Savings Bank 7 6.54% $15,993
    The Washington Trust Company, of Westerly 7 6.61% $16,302
    PHH Mortgage Corporation 7 6.07% $12,045
    Nations Lending Corporation 7 6.77% $17,194
    Easthampton Savings Bank 7 6.82% $14,052
    JPMorgan Chase Bank 6 6.21% $13,804
    Waterstone Mortgage Corporation 6 6.27% $14,683
    MILEND, INC. 6 6.48% $20,949
    Mortgage Research Center, LLC 6 6.69% $14,307
    VILLAGE CAPITAL MORTGAGE 6 6.61% $11,641
    Carrington Mortgage Services, LLC 6 6.25% $22,844
    PLANET HOME LENDING, LLC 5 5.98% $17,568
    Ixonia Bank 5 7.08% $18,901
    POLARIS HOME FUNDING CORP. 5 6.60% $19,375
    First Federal Bank 5 6.08% $18,186
    Magnolia Bank 5 6.38% $31,112
    CHURCHILL MORTGAGE CORPORATION 4 5.91% $19,115
    HOMESIDE FINANCIAL, LLC 4 6.47% $21,523
    LADERA LENDING, INC. 4 6.38% $19,639
    Merchants Bank of Indiana 4 6.28% $15,690
    The Camden National Bank 4 6.28% $15,913
    M&T Bank 4 6.03% $15,083
    CONWAY FINANCIAL SERVICES, LLC 4 6.38% $13,791
    LIBERTY HOME MORTGAGE CORPORATION 3 7.25% $21,708
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.33% $13,181
    Berkshire Bank 3 6.00% $13,602
    GENEVA FINANCIAL, LLC 3 7.63% $18,746
    NBKC BANK 3 6.29% $13,163
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.88% $24,105
    PROVINCE MORTGAGE ASSOCIATES, INC. 3 6.83% $13,194
    Semper Home Loans, Inc. 3 7.04% $29,274
    WILLIAM RAVEIS MORTGAGE, LLC 3 6.29% $16,208
    FBC MORTGAGE, LLC 2 6.44% $15,956
    EVERETT FINANCIAL, INC. 2 7.38% $17,633
    Princeton Mortgage Corporation 2 6.93% $25,314
    SUCCESS MORTGAGE PARTNERS, INC. 2 5.94% $11,481
    Prosperity Home Mortgage, LLC 2 5.94% $19,406
    Plains Commerce Bank 2 6.44% $31,113
    TD Bank 2 6.69% $6,701
    HOMESTEAD FUNDING CORP. 2 6.81% $9,682
    First Savings Bank 2 5.63% $15,795
    CONTOUR MORTGAGE CORPORATION 2 5.44% $23,167
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.63% $17,252
    BAYCOAST MORTGAGE COMPANY, LLC 2 6.50% $15,173
    Ross Mortgage Company, Inc. 2 7.44% $11,487
    JMAC LENDING, INC. 2 6.88% $16,827
    FIRST COMMUNITY MORTGAGE, INC. 2 7.13% $12,480
    VAN DYK MORTGAGE CORPORATION 2 6.81% $9,927
    ZILLOW HOME LOANS, LLC 2 5.38% $15,763
    MID-ISLAND MORTGAGE CORP. 2 6.50% $14,185
    MID AMERICA MORTGAGE, INC. 2 7.06% $14,938
    NP, Inc. 2 6.56% $14,493
    METRO 2 6.50% $13,585
    Bangor Savings Bank 1 5.50% $10,360
    ARC HOME LLC 1 5.63% $15,683
    SUMMIT FUNDING, INC. 1 6.75% $21,677
    MEMBERS MORTGAGE COMPANY, INC. 1 6.75% $22,187
    LOANPAL, LLC 1 6.75% $14,858
    ACADEMY MORTGAGE CORPORATION 1 7.75% $24,155
    Lakeview Community Capital, LLC 1 6.75% $25,874
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.75% $13,543
    HUNT MORTGAGE CORPORATION 1 6.75% $23,483
    Wells Fargo Bank 1 6.63% $14,413
    HARTFORD FUNDING, LTD. 1 6.25% $34,881
    GUARANTY HOME MORTGAGE CORPORATION 1 6.50% $14,028
    Goldwater Bank, N.A. 1 6.25% $21,023
    RESIDENTIAL BANCORP 1 7.25% $14,790
    Residential Mortgage Solutions, Inc. 1 6.63% $14,581
    RUOFF MORTGAGE COMPANY, INC. 1 5.50% $4,987
    SIWELL, INC. 1 3.13% $4,216
    Meridian Bank Corporation 1 5.75% $8,415
    SUN WEST MORTGAGE COMPANY, INC. 1 5.88% $35,561
    EQUITY RESOURCES, INC. 1 6.99% $19,893
    CRESCENT MORTGAGE COMPANY 1 6.13% $16,778
    Barrington Bank & Trust Company, N.A. 1 5.50% $8,551
    Bank of America 1 6.88% $22,465

    The top Boston FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 352 FHA loans originated. Their average total fees are $19,745, which is $1,315 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Boston FHA lenders (with over 10 loans originated) are Home Loan Investment Bank, F.S.B. ($13,018), U.S. Bank ($13,251), Rockland Trust Company ($13,527), DREW MORTGAGE ASSOCIATES, INC. ($14,296) and Flagstar Bank, FSB ($14,920).

    The lowest rate Boston FHA lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (5.91%), PENNYMAC LOAN SERVICES, LLC (6.06%), Mr. Cooper ( Nationstar Mortgage ) (6.06%), Fall River Five Cents Savings Bank (6.10%) and LAKEVIEW LOAN SERVICING, LLC (6.11%).

    Boston FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BOSTON-CAMBRIDGE-NEWTON, MA-NH ESSEX 2022 $770,500 $986,400 $1,192,300 $1,481,750
    BOSTON-CAMBRIDGE-NEWTON, MA-NH MIDDLESEX 2022 $770,500 $986,400 $1,192,300 $1,481,750
    BOSTON-CAMBRIDGE-NEWTON, MA-NH NORFOLK 2022 $770,500 $986,400 $1,192,300 $1,481,750
    BOSTON-CAMBRIDGE-NEWTON, MA-NH PLYMOUTH 2022 $770,500 $986,400 $1,192,300 $1,481,750
    BOSTON-CAMBRIDGE-NEWTON, MA-NH SUFFOLK 2022 $770,500 $986,400 $1,192,300 $1,481,750
    BOSTON-CAMBRIDGE-NEWTON, MA-NH ROCKINGHAM 2022 $770,500 $986,400 $1,192,300 $1,481,750
    BOSTON-CAMBRIDGE-NEWTON, MA-NH STRAFFORD 2022 $770,500 $986,400 $1,192,300 $1,481,750
    BOSTON-CAMBRIDGE-NEWTON, MA-NH ESSEX 2023 $828,000 $1,060,000 $1,281,300 $1,592,350
    BOSTON-CAMBRIDGE-NEWTON, MA-NH MIDDLESEX 2023 $828,000 $1,060,000 $1,281,300 $1,592,350
    BOSTON-CAMBRIDGE-NEWTON, MA-NH NORFOLK 2023 $828,000 $1,060,000 $1,281,300 $1,592,350
    BOSTON-CAMBRIDGE-NEWTON, MA-NH PLYMOUTH 2023 $828,000 $1,060,000 $1,281,300 $1,592,350
    BOSTON-CAMBRIDGE-NEWTON, MA-NH SUFFOLK 2023 $828,000 $1,060,000 $1,281,300 $1,592,350
    BOSTON-CAMBRIDGE-NEWTON, MA-NH ROCKINGHAM 2023 $828,000 $1,060,000 $1,281,300 $1,592,350
    BOSTON-CAMBRIDGE-NEWTON, MA-NH STRAFFORD 2023 $828,000 $1,060,000 $1,281,300 $1,592,350

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Boston (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 $529,450 (6.0%) $858,909 (4.0%) 1.96 6,025
    2018-02-01 $543,950 (5.6%) $875,742 (3.2%) 1.97 6,009
    2018-03-01 $574,900 (6.5%) $907,026 (4.8%) 2.02 6,566
    2018-04-01 $579,900 (5.5%) $900,017 (2.9%) 1.97 7,727
    2018-05-01 $584,948 (6.3%) $896,211 (3.6%) 1.95 8,782
    2018-06-01 $579,000 (5.3%) $876,342 (2.5%) 1.93 10,206
    2018-07-01 $559,450 (1.9%) $857,205 (1.9%) 1.87 10,104
    2018-08-01 $549,250 (3.7%) $825,186 (0.4%) 1.84 10,159
    2018-09-01 $549,900 (3.8%) $807,022 (-1.4%) 1.85 11,370
    2018-10-01 $549,000 (1.7%) $799,693 (-3.4%) 1.86 11,625
    2018-11-01 $539,450 (-0.1%) $798,464 (-3.9%) 1.83 10,955
    2018-12-01 $535,000 (1.1%) $799,069 (-5.5%) 1.85 8,825
    2019-01-01 $534,115 (0.9%) $806,675 (-6.1%) 1.84 7,543
    2019-02-01 $549,450 (1.0%) $851,550 (-2.8%) 1.86 7,338
    2019-03-01 $571,386 (-0.6%) $884,231 (-2.5%) 1.87 8,060
    2019-04-01 $599,900 (3.5%) $914,458 (1.6%) 1.90 8,915
    2019-05-01 $602,450 (3.0%) $923,196 (3.0%) 1.88 9,954
    2019-06-01 $599,900 (3.6%) $919,131 (4.9%) 1.87 11,100
    2019-07-01 $599,900 (7.2%) $910,659 (6.2%) 1.88 10,611
    2019-08-01 $595,413 (8.4%) $898,041 (8.8%) 1.89 10,691
    2019-09-01 $588,682 (7.1%) $886,963 (9.9%) 1.89 10,882
    2019-10-01 $587,422 (7.0%) $889,369 (11.2%) 1.90 11,009
    2019-11-01 $589,900 (9.4%) $915,234 (14.6%) 1.93 9,637
    2019-12-01 $589,450 (10.2%) $917,039 (14.8%) 1.97 7,010
    2020-01-01 $586,475 (9.8%) $930,450 (15.3%) 1.96 5,781
    2020-02-01 $599,900 (9.2%) $971,823 (14.1%) 1.96 5,751
    2020-03-01 $629,900 (10.2%) $980,307 (10.9%) 1.97 6,618
    2020-04-01 $617,450 (2.9%) $945,898 (3.4%) 1.93 6,436
    2020-05-01 $629,900 (4.6%) $945,286 (2.4%) 1.91 7,201
    2020-06-01 $656,448 (9.4%) $1,002,089 (9.0%) 1.93 7,783
    2020-07-01 $677,000 (12.9%) $1,036,285 (13.8%) 1.96 7,395
    2020-08-01 $675,000 (13.4%) $1,042,626 (16.1%) 1.93 7,192
    2020-09-01 $672,500 (14.2%) $1,038,728 (17.1%) 1.93 7,580
    2020-10-01 $665,000 (13.2%) $1,033,072 (16.2%) 1.91 7,945
    2020-11-01 $654,450 (10.9%) $1,028,384 (12.4%) 1.91 7,086
    2020-12-01 $647,450 (9.8%) $1,004,437 (9.5%) 1.93 5,301
    2021-01-01 $659,000 (12.4%) $1,075,262 (15.6%) 1.97 4,101
    2021-02-01 $679,575 (13.3%) $1,128,516 (16.1%) 1.98 3,873
    2021-03-01 $682,450 (8.3%) $1,144,321 (16.7%) 1.94 4,268
    2021-04-01 $694,000 (12.4%) $1,179,202 (24.7%) 1.88 4,773
    2021-05-01 $699,900 (11.1%) $1,180,552 (24.9%) 1.86 4,879
    2021-06-01 $697,000 (6.2%) $1,144,781 (14.2%) 1.84 5,732
    2021-07-01 $669,900 (-1.1%) $1,113,863 (7.5%) 1.77 5,671
    2021-08-01 $650,000 (-3.7%) $1,075,317 (3.1%) 1.73 5,570
    2021-09-01 $671,125 (-0.2%) $1,055,488 (1.6%) 1.79 6,017
    2021-10-01 $679,000 (2.1%) $1,062,841 (2.9%) 1.81 5,926
    2021-11-01 $674,520 (3.1%) $1,073,459 (4.4%) 1.80 4,934
    2021-12-01 $692,000 (6.9%) $1,141,086 (13.6%) 1.87 3,502
    2022-01-01 $718,000 (9.0%) $1,220,393 (13.5%) 1.93 2,674
    2022-02-01 $749,000 (10.2%) $1,237,957 (9.7%) 1.95 2,637
    2022-03-01 $749,450 (9.8%) $1,253,974 (9.6%) 1.88 2,989
    2022-04-01 $749,000 (7.9%) $1,243,220 (5.4%) 1.79 3,700
    2022-05-01 $757,500 (8.2%) $1,242,168 (5.2%) 1.73 4,473
    2022-06-01 $750,000 (7.6%) $1,172,824 (2.5%) 1.67 5,714
    2022-07-01 $739,900 (10.5%) $1,110,621 (-0.3%) 1.67 6,177
    2022-08-01 $725,000 (11.5%) $1,108,093 (3.1%) 1.68 5,758
    2022-09-01 $744,000 (10.9%) $1,145,100 (8.5%) 1.74 5,911
    2022-10-01 $749,000 (10.3%) $1,169,523 (10.0%) 1.76 6,222
    2022-11-01 $744,925 (10.4%) $1,176,829 (9.6%) 1.79 5,902
    2022-12-01 $749,000 (8.2%) $1,199,921 (5.2%) 1.85 4,407
    2023-01-01 $759,450 (5.8%) $1,238,354 (1.5%) 1.88 3,696
    2023-02-01 $799,000 (6.7%) $1,345,528 (8.7%) 1.93 3,434
    2023-03-01 $824,000 (10.0%) $1,387,476 (10.7%) 1.94 3,706
    2023-04-01 $839,000 (12.0%) $1,422,134 (14.4%) 1.95 4,059
    2023-05-01 $867,125 (14.5%) $1,444,295 (16.3%) 1.97 4,314
    2023-06-01 $866,443 (15.5%) $1,425,445 (21.5%) 1.95 4,805
    2023-07-01 $849,900 (14.9%) $1,434,729 (29.2%) 1.93 4,538
    2023-08-01 $844,200 (16.4%) $1,418,326 (28.0%) 1.94 4,530
    2023-09-01 $849,000 (14.1%) $1,420,577 (24.1%) 1.98 4,932
    2023-10-01 $837,374 (11.8%) $1,400,585 (19.8%) 1.97 5,352
    2023-11-01 $824,725 (10.7%) $1,383,825 (17.6%) 1.96 5,207
    2023-12-01 $800,000 (6.8%) $1,388,687 (15.7%) 1.95 4,063
    2024-01-01 $809,900 (6.6%) $1,405,659 (13.5%) 1.98 3,369
    2024-02-01 $854,450 (6.9%) $1,496,024 (11.2%) 2.06 3,319
    2024-03-01 $879,950 (6.8%) $1,528,390 (10.2%) 2.07 3,737
    2024-04-01 $869,900 (3.7%) $1,489,605 (4.7%) 2.02 4,365
    2024-05-01 $894,000 (3.1%) $1,516,763 (5.0%) 2.03 4,944
    2024-06-01 $864,500 (-0.2%) $1,453,499 (2.0%) 1.98 5,916
    2024-07-01 $853,950 (0.5%) $1,433,895 (-0.1%) 1.95 5,830
    2024-08-01 $834,000 (-1.2%) $1,406,130 (-0.9%) 1.94 5,724
    2024-09-01 $839,900 (-1.1%) $1,415,902 (-0.3%) 1.98 6,399
    2024-10-01 $837,450 (0.0%) $1,401,180 (0.0%) 1.97 6,625
    2024-11-01 $819,900 (-0.6%) $1,395,790 (0.9%) 1.97 5,884
    2024-12-01 $801,383 (0.2%) $1,394,884 (0.5%) 1.99 4,107
    2025-01-01 $799,450 (-1.3%) $1,386,348 (-1.4%) 0.00 3,621
    Boston's median listing price for 2025-01-01 was $799,450, a difference of $-10,450 (-1.3%) versus the prior year and $-1,933 versus the prior month.

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

    Boston's average listing price for 2025-01-01 was $1,386,348, a difference of $-19,311 (-1.4%) versus the prior year and $-8,536 versus the prior month.

    For the 2025-01-01 period, Boston had 3,621 MLS listings, a difference of -486 listings (-12%) versus the prior month and 252 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Boston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 73 days 2,007 sqft
    2018-02-01 57 days 2,025 sqft
    2018-03-01 36 days 2,061 sqft
    2018-04-01 29 days 2,042 sqft
    2018-05-01 28 days 2,055 sqft
    2018-06-01 32 days 2,044 sqft
    2018-07-01 41 days 2,033 sqft
    2018-08-01 46 days 2,012 sqft
    2018-09-01 44 days 1,989 sqft
    2018-10-01 44 days 1,967 sqft
    2018-11-01 51 days 1,946 sqft
    2018-12-01 65 days 1,937 sqft
    2019-01-01 71 days 1,907 sqft
    2019-02-01 56 days 1,925 sqft
    2019-03-01 41 days 1,973 sqft
    2019-04-01 32 days 2,025 sqft
    2019-05-01 32 days 2,045 sqft
    2019-06-01 37 days 2,054 sqft
    2019-07-01 47 days 2,037 sqft
    2019-08-01 49 days 2,020 sqft
    2019-09-01 47 days 1,998 sqft
    2019-10-01 45 days 1,983 sqft
    2019-11-01 55 days 1,981 sqft
    2019-12-01 75 days 1,931 sqft
    2020-01-01 78 days 1,908 sqft
    2020-02-01 43 days 1,959 sqft
    2020-03-01 31 days 2,000 sqft
    2020-04-01 45 days 1,996 sqft
    2020-05-01 50 days 2,000 sqft
    2020-06-01 31 days 1,966 sqft
    2020-07-01 35 days 1,890 sqft
    2020-08-01 37 days 1,844 sqft
    2020-09-01 32 days 1,733 sqft
    2020-10-01 31 days 1,692 sqft
    2020-11-01 47 days 1,668 sqft
    2020-12-01 62 days 1,652 sqft
    2021-01-01 60 days 1,638 sqft
    2021-02-01 33 days 1,652 sqft
    2021-03-01 22 days 1,665 sqft
    2021-04-01 18 days 1,668 sqft
    2021-05-01 19 days 1,693 sqft
    2021-06-01 19 days 1,709 sqft
    2021-07-01 29 days 1,710 sqft
    2021-08-01 31 days 1,709 sqft
    2021-09-01 28 days 1,685 sqft
    2021-10-01 30 days 1,655 sqft
    2021-11-01 38 days 1,630 sqft
    2021-12-01 49 days 1,649 sqft
    2022-01-01 54 days 1,650 sqft
    2022-02-01 25 days 1,663 sqft
    2022-03-01 18 days 1,672 sqft
    2022-04-01 15 days 1,685 sqft
    2022-05-01 16 days 1,787 sqft
    2022-06-01 18 days 1,813 sqft
    2022-07-01 26 days 1,826 sqft
    2022-08-01 35 days 1,832 sqft
    2022-09-01 34 days 1,815 sqft
    2022-10-01 31 days 1,813 sqft
    2022-11-01 41 days 1,804 sqft
    2022-12-01 58 days 1,836 sqft
    2023-01-01 61 days 1,844 sqft
    2023-02-01 37 days 1,861 sqft
    2023-03-01 28 days 1,860 sqft
    2023-04-01 25 days 1,850 sqft
    2023-05-01 23 days 1,919 sqft
    2023-06-01 24 days 1,911 sqft
    2023-07-01 36 days 1,895 sqft
    2023-08-01 37 days 1,900 sqft
    2023-09-01 31 days 1,908 sqft
    2023-10-01 32 days 1,879 sqft
    2023-11-01 38 days 1,868 sqft
    2023-12-01 53 days 1,835 sqft
    2024-01-01 53 days 1,814 sqft
    2024-02-01 33 days 1,838 sqft
    2024-03-01 24 days 1,830 sqft
    2024-04-01 24 days 1,808 sqft
    2024-05-01 24 days 1,878 sqft
    2024-06-01 25 days 1,884 sqft
    2024-07-01 37 days 1,896 sqft
    2024-08-01 39 days 1,875 sqft
    2024-09-01 31 days 1,873 sqft
    2024-10-01 34 days 1,850 sqft
    2024-11-01 45 days 1,840 sqft
    2024-12-01 60 days 1,805 sqft
    2025-01-01 0 days 1,756 sqft
    Boston'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.

    Boston's median square footage for active listings during the 2025-01-01 period was 1,756 sqft. One year prior, the average listing was 1,814 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).