Boulder FHA Loan Rates, Closing Costs & Stats

BOULDER, CO

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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.

    Boulder's 59 lenders originated 276 FHA loans during 2024. The total origination value was $123,620,000, with an average FHA loan value of $447,899.

    Boulder FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Boulder averaged 6.3% for the week of 2025-04-11, compared to the national average (all FHA variants) of 6.429% for the same period.

    Boulder's average FHA mortgage closing costs are $11,982.

    The average rate for the prior week (2025-04-04) was 6.33% and one month ago for the week of 2025-03-07, the average rate was 6.29%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2025-04-11, the average rate was 6.16%.

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

    Boulder 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 Boulder level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 27 5.89% $18,425
    CROSSCOUNTRY MORTGAGE, LLC 12 6.63% $16,026
    AMERICAN FINANCING CORPORATION 12 5.86% $19,132
    EAGLE HOME MORTGAGE, LLC 11 4.83% $13,734
    HOMEAMERICAN MORTGAGE CORPORATION 10 4.75% $11,578
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.56% $14,772
    QUICKEN LOANS, LLC 6 5.93% $22,276
    CMG MORTGAGE, INC. 6 5.96% $20,239
    GUILD MORTGAGE COMPANY 6 6.27% $15,808
    Ixonia Bank 5 6.70% $16,170
    PLANET HOME LENDING, LLC 4 6.47% $12,387
    FREEDOM MORTGAGE CORPORATION 4 6.28% $17,284
    INSPIRE HOME LOANS INC. 4 5.34% $15,947
    PENNYMAC LOAN SERVICES, LLC 4 5.69% $12,939
    V.I.P. MORTGAGE, INC. 3 6.46% $16,875
    LOANDEPOT.COM, LLC 3 6.08% $18,194
    JET HOMELOANS, LLC 3 5.79% $17,338
    S1L, Inc. 3 5.96% $14,401
    HOMESIDE FINANCIAL, LLC 3 6.75% $16,408
    Elevations Credit Union 3 6.54% $13,098
    Mr. Cooper ( Nationstar Mortgage ) 3 6.42% $24,002
    American Mortgage & Equity Consultants, Inc. 3 6.08% $15,136
    ENVOY MORTGAGE, LTD 2 6.88% $14,159
    BROKER SOLUTIONS, INC. 2 6.63% $19,835
    Equity Prime Mortgage LLC 2 6.56% $17,229
    LAKEVIEW LOAN SERVICING, LLC 2 5.69% $8,547
    MOVEMENT MORTGAGE, LLC 2 6.44% $16,727
    NOVA FINANCIAL & INVESTMENT CORPORATION 2 6.69% $10,127
    TOWNE MORTGAGE COMPANY 2 6.56% $12,593
    FBC MORTGAGE, LLC 1 4.99% $12,202
    LOANPAL, LLC 1 5.99% $17,077
    Loan Simple, Inc. 1 7.00% $20,271
    MICHIGAN MUTUAL, INC. 1 5.88% $25,707
    MID AMERICA MORTGAGE, INC. 1 5.25% $5,018
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $30,898
    AMERICAN FINANCIAL NETWORK, INC. 1 7.63% $9,341
    NEST HOME LENDING, LLC 1 6.00% $24,421
    NEWREZ LLC 1 5.25% $13,151
    Wells Fargo Bank 1 6.13% $31,194
    Paramount Residential Mortgage Group, Inc. 1 6.38% $12,513
    Ent Credit Union 1 5.88% $11,619
    Plains Commerce Bank 1 6.75% $9,765
    ENDEAVOR CAPITAL, LLC. 1 6.63% $18,477
    PLAZA HOME MORTGAGE, INC. 1 5.50% $15,319
    Prosperity Home Mortgage, LLC 1 5.62% $12,516
    BMO Harris Bank 1 7.00% $11,296
    RESIDENTIAL MORTGAGE, LLC 1 7.13% $13,226
    Residential Mortgage Solutions, Inc. 1 6.13% $13,283
    BETTER MORTGAGE CORPORATION 1 5.50% $13,929
    Sunflower Bank 1 5.99% $6,067
    SUN WEST MORTGAGE COMPANY, INC. 1 6.88% $15,329
    The Federal Savings Bank 1 6.50% $26,408
    ZILLOW HOME LOANS, LLC 1 5.63% $14,971
    AMERISAVE MORTGAGE CORPORATION 1 4.75% $34,892
    US MORTGAGE CORPORATION 1 7.25% $13,054
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.99% $14,449
    First National Bank of Omaha 1 5.88% $14,558
    JPMorgan Chase Bank 1 5.75% $15,584
    VAN DYK MORTGAGE CORPORATION 1 7.25% $19,975

    The top Boulder FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 27 FHA loans originated. Their average total fees are $18,425, which is $2,398 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Boulder FHA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($11,578), EAGLE HOME MORTGAGE, LLC ($13,734), CROSSCOUNTRY MORTGAGE, LLC ($16,026), UNITED WHOLESALE MORTGAGE, LLC ($18,425) and AMERICAN FINANCING CORPORATION ($19,132).

    The lowest rate Boulder FHA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION (4.75%), EAGLE HOME MORTGAGE, LLC (4.83%), AMERICAN FINANCING CORPORATION (5.86%), UNITED WHOLESALE MORTGAGE, LLC (5.89%) and CROSSCOUNTRY MORTGAGE, LLC (6.63%).

    Boulder FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BOULDER, CO BOULDER 2022 $747,500 $956,950 $1,156,700 $1,437,500
    BOULDER, CO BOULDER 2023 $856,750 $1,096,800 $1,325,800 $1,647,650

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Boulder (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 $662,167 (-2.9%) $1,110,807 (-8.3%) 2.45 478
    2018-02-01 $727,000 (4.8%) $1,213,461 (-2.6%) 2.64 479
    2018-03-01 $749,945 (8.1%) $1,182,921 (-1.2%) 2.63 533
    2018-04-01 $749,400 (7.8%) $1,185,909 (2.0%) 2.54 658
    2018-05-01 $746,338 (7.2%) $1,163,743 (5.3%) 2.49 740
    2018-06-01 $719,450 (5.2%) $1,082,882 (3.7%) 2.40 849
    2018-07-01 $704,975 (6.8%) $1,060,146 (2.7%) 2.35 881
    2018-08-01 $662,400 (3.1%) $1,006,390 (0.2%) 2.22 937
    2018-09-01 $644,000 (1.5%) $985,298 (-0.9%) 2.16 946
    2018-10-01 $643,500 (-1.0%) $1,001,372 (-3.1%) 2.18 922
    2018-11-01 $644,350 (-0.9%) $1,030,284 (-3.8%) 2.18 810
    2018-12-01 $660,000 (0.5%) $1,036,233 (-7.6%) 2.28 671
    2019-01-01 $631,225 (-4.7%) $1,009,868 (-9.1%) 2.18 612
    2019-02-01 $649,450 (-10.7%) $1,021,110 (-15.9%) 2.19 663
    2019-03-01 $643,004 (-14.3%) $1,034,596 (-12.5%) 2.10 756
    2019-04-01 $657,082 (-12.3%) $1,035,090 (-12.7%) 2.09 864
    2019-05-01 $660,698 (-11.5%) $1,037,347 (-10.9%) 2.07 1,000
    2019-06-01 $669,000 (-7.0%) $1,040,863 (-3.9%) 2.09 1,093
    2019-07-01 $679,000 (-3.7%) $1,020,645 (-3.7%) 2.13 1,177
    2019-08-01 $666,350 (0.6%) $1,005,394 (-0.1%) 2.11 1,177
    2019-09-01 $668,375 (3.8%) $1,009,747 (2.5%) 2.14 1,164
    2019-10-01 $668,475 (3.9%) $1,012,649 (1.1%) 2.16 1,142
    2019-11-01 $664,945 (3.2%) $1,026,438 (-0.4%) 2.18 976
    2019-12-01 $665,188 (0.8%) $1,065,588 (2.8%) 2.22 756
    2020-01-01 $650,000 (3.0%) $1,057,952 (4.8%) 2.17 616
    2020-02-01 $688,000 (5.9%) $1,105,181 (8.2%) 2.25 596
    2020-03-01 $719,979 (12.0%) $1,107,385 (7.0%) 2.26 633
    2020-04-01 $712,802 (8.5%) $1,059,426 (2.4%) 2.23 700
    2020-05-01 $742,455 (12.4%) $1,063,371 (2.5%) 2.26 855
    2020-06-01 $746,228 (11.5%) $1,078,146 (3.6%) 2.20 955
    2020-07-01 $749,725 (10.4%) $1,089,943 (6.8%) 2.17 888
    2020-08-01 $759,900 (14.0%) $1,122,951 (11.7%) 2.18 802
    2020-09-01 $714,950 (7.0%) $1,110,926 (10.0%) 2.05 797
    2020-10-01 $743,453 (11.2%) $1,172,380 (15.8%) 2.13 773
    2020-11-01 $763,500 (14.8%) $1,220,522 (18.9%) 2.23 597
    2020-12-01 $797,400 (19.9%) $1,298,609 (21.9%) 2.37 474
    2021-01-01 $850,827 (30.9%) $1,354,155 (28.0%) 2.54 362
    2021-02-01 $886,000 (28.8%) $1,346,694 (21.9%) 2.58 308
    2021-03-01 $844,000 (17.2%) $1,362,872 (23.1%) 2.39 287
    2021-04-01 $809,500 (13.6%) $1,368,154 (29.1%) 2.19 326
    2021-05-01 $800,000 (7.8%) $1,347,354 (26.7%) 2.13 330
    2021-06-01 $812,450 (8.9%) $1,294,942 (20.1%) 2.14 434
    2021-07-01 $787,500 (5.0%) $1,258,888 (15.5%) 2.08 446
    2021-08-01 $759,500 (-0.1%) $1,198,662 (6.7%) 2.03 472
    2021-09-01 $750,000 (4.9%) $1,154,775 (4.0%) 2.00 464
    2021-10-01 $796,000 (7.1%) $1,214,778 (3.6%) 2.12 395
    2021-11-01 $811,975 (6.4%) $1,333,273 (9.2%) 2.17 299
    2021-12-01 $804,950 (1.0%) $1,344,914 (3.6%) 2.18 416
    2022-01-01 $825,000 (-3.0%) $1,522,455 (12.4%) 2.23 151
    2022-02-01 $877,183 (-1.0%) $1,628,962 (21.0%) 2.28 168
    2022-03-01 $825,000 (-2.3%) $1,467,872 (7.7%) 2.07 211
    2022-04-01 $874,900 (8.1%) $1,485,189 (8.6%) 2.09 257
    2022-05-01 $870,000 (8.8%) $1,422,370 (5.6%) 1.99 472
    2022-06-01 $887,500 (9.2%) $1,415,625 (9.3%) 1.98 635
    2022-07-01 $864,000 (9.7%) $1,355,758 (7.7%) 1.95 760
    2022-08-01 $829,000 (9.2%) $1,312,519 (9.5%) 1.92 811
    2022-09-01 $835,000 (11.3%) $1,342,753 (16.3%) 1.95 793
    2022-10-01 $825,000 (3.6%) $1,352,502 (11.3%) 1.94 800
    2022-11-01 $835,000 (2.8%) $1,404,504 (5.3%) 2.01 693
    2022-12-01 $843,450 (4.8%) $1,427,316 (6.1%) 2.08 503
    2023-01-01 $846,000 (2.6%) $1,490,739 (-2.1%) 2.10 438
    2023-02-01 $875,000 (-0.3%) $1,519,179 (-6.7%) 2.11 482
    2023-03-01 $959,275 (16.3%) $1,587,138 (8.1%) 2.26 532
    2023-04-01 $982,550 (12.3%) $1,605,475 (8.1%) 2.29 618
    2023-05-01 $985,000 (13.2%) $1,564,648 (10.0%) 2.23 720
    2023-06-01 $950,000 (7.0%) $1,521,583 (7.5%) 2.13 827
    2023-07-01 $909,475 (5.3%) $1,493,150 (10.1%) 2.07 869
    2023-08-01 $901,950 (8.8%) $1,519,901 (15.8%) 2.07 840
    2023-09-01 $896,250 (7.3%) $1,491,076 (11.1%) 2.09 889
    2023-10-01 $915,225 (10.9%) $1,500,702 (11.0%) 2.15 925
    2023-11-01 $899,048 (7.7%) $1,488,667 (6.0%) 2.14 834
    2023-12-01 $890,000 (5.5%) $1,501,174 (5.2%) 2.17 668
    2024-01-01 $899,000 (6.3%) $1,570,495 (5.4%) 2.20 534
    2024-02-01 $914,441 (4.5%) $1,532,453 (0.9%) 2.20 573
    2024-03-01 $940,000 (-2.0%) $1,520,552 (-4.2%) 2.21 707
    2024-04-01 $910,000 (-7.4%) $1,540,239 (-4.1%) 2.12 833
    2024-05-01 $937,500 (-4.8%) $1,579,230 (0.9%) 2.13 993
    2024-06-01 $895,000 (-5.8%) $1,494,533 (-1.8%) 2.03 1,175
    2024-07-01 $862,500 (-5.2%) $1,427,114 (-4.4%) 1.97 1,227
    2024-08-01 $849,000 (-5.9%) $1,405,809 (-7.5%) 1.97 1,248
    2024-09-01 $812,500 (-9.3%) $1,369,856 (-8.1%) 1.91 1,291
    2024-10-01 $803,500 (-12.2%) $1,348,628 (-10.1%) 1.89 1,266
    2024-11-01 $785,000 (-12.7%) $1,351,686 (-9.2%) 1.88 1,133
    2024-12-01 $766,250 (-13.9%) $1,332,252 (-11.3%) 1.90 841
    2025-01-01 $765,750 (-14.8%) $1,332,409 (-15.2%) 1.91 754
    2025-02-01 $800,000 (-12.5%) $1,422,646 (-7.2%) 1.94 873
    2025-03-01 $844,000 (-10.2%) $1,425,155 (-6.3%) 0.00 1,040
    Boulder's median listing price for 2025-03-01 was $844,000, a difference of $-96,000 (-10.2%) versus the prior year and $44,000 versus the prior month.

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

    Boulder's average listing price for 2025-03-01 was $1,425,155, a difference of $-95,397 (-6.3%) versus the prior year and $2,509 versus the prior month.

    For the 2025-03-01 period, Boulder had 1,040 MLS listings, a difference of 167 listings (19%) versus the prior month and 333 listings (47%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Boulder (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 59 days 2,993 sqft
    2018-02-01 39 days 3,138 sqft
    2018-03-01 35 days 3,074 sqft
    2018-04-01 30 days 3,091 sqft
    2018-05-01 31 days 3,009 sqft
    2018-06-01 31 days 2,938 sqft
    2018-07-01 37 days 2,758 sqft
    2018-08-01 43 days 2,585 sqft
    2018-09-01 47 days 2,589 sqft
    2018-10-01 45 days 2,605 sqft
    2018-11-01 53 days 2,596 sqft
    2018-12-01 68 days 2,607 sqft
    2019-01-01 70 days 2,455 sqft
    2019-02-01 38 days 2,396 sqft
    2019-03-01 37 days 2,570 sqft
    2019-04-01 34 days 2,679 sqft
    2019-05-01 32 days 2,677 sqft
    2019-06-01 38 days 2,632 sqft
    2019-07-01 39 days 2,601 sqft
    2019-08-01 44 days 2,547 sqft
    2019-09-01 49 days 2,540 sqft
    2019-10-01 51 days 2,522 sqft
    2019-11-01 58 days 2,523 sqft
    2019-12-01 74 days 2,584 sqft
    2020-01-01 74 days 2,542 sqft
    2020-02-01 38 days 2,553 sqft
    2020-03-01 37 days 2,566 sqft
    2020-04-01 41 days 2,496 sqft
    2020-05-01 40 days 2,517 sqft
    2020-06-01 36 days 2,496 sqft
    2020-07-01 43 days 2,447 sqft
    2020-08-01 42 days 2,382 sqft
    2020-09-01 38 days 2,302 sqft
    2020-10-01 40 days 2,296 sqft
    2020-11-01 52 days 2,314 sqft
    2020-12-01 68 days 2,321 sqft
    2021-01-01 80 days 2,192 sqft
    2021-02-01 73 days 2,266 sqft
    2021-03-01 39 days 2,257 sqft
    2021-04-01 31 days 2,219 sqft
    2021-05-01 30 days 2,300 sqft
    2021-06-01 18 days 2,356 sqft
    2021-07-01 31 days 2,356 sqft
    2021-08-01 30 days 2,295 sqft
    2021-09-01 30 days 2,277 sqft
    2021-10-01 33 days 2,228 sqft
    2021-11-01 37 days 2,355 sqft
    2021-12-01 44 days 2,296 sqft
    2022-01-01 33 days 2,476 sqft
    2022-02-01 19 days 2,458 sqft
    2022-03-01 16 days 2,366 sqft
    2022-04-01 15 days 2,485 sqft
    2022-05-01 16 days 2,520 sqft
    2022-06-01 22 days 2,539 sqft
    2022-07-01 30 days 2,496 sqft
    2022-08-01 36 days 2,370 sqft
    2022-09-01 40 days 2,398 sqft
    2022-10-01 43 days 2,424 sqft
    2022-11-01 51 days 2,480 sqft
    2022-12-01 68 days 2,426 sqft
    2023-01-01 79 days 2,487 sqft
    2023-02-01 44 days 2,516 sqft
    2023-03-01 36 days 2,634 sqft
    2023-04-01 36 days 2,710 sqft
    2023-05-01 32 days 2,633 sqft
    2023-06-01 33 days 2,606 sqft
    2023-07-01 41 days 2,587 sqft
    2023-08-01 45 days 2,653 sqft
    2023-09-01 43 days 2,602 sqft
    2023-10-01 44 days 2,580 sqft
    2023-11-01 55 days 2,559 sqft
    2023-12-01 76 days 2,464 sqft
    2024-01-01 81 days 2,416 sqft
    2024-02-01 44 days 2,449 sqft
    2024-03-01 31 days 2,432 sqft
    2024-04-01 34 days 2,402 sqft
    2024-05-01 32 days 2,450 sqft
    2024-06-01 39 days 2,419 sqft
    2024-07-01 44 days 2,398 sqft
    2024-08-01 52 days 2,364 sqft
    2024-09-01 55 days 2,218 sqft
    2024-10-01 56 days 2,164 sqft
    2024-11-01 67 days 2,076 sqft
    2024-12-01 82 days 2,043 sqft
    2025-01-01 84 days 2,046 sqft
    2025-02-01 49 days 2,116 sqft
    2025-03-01 0 days 2,256 sqft
    Boulder's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Boulder's median square footage for active listings during the 2025-03-01 period was 2,256 sqft. One year prior, the average listing was 2,432 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).