Bradford FHA Loan Rates, Closing Costs & Stats
Bradford, PA
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.
Bradford's 18 lenders originated 60 FHA loans during 2023. The total origination value was $7,100,000, with an average FHA loan value of $118,333.
Bradford FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Bradford
averaged
6.4%
for the week of 2024-12-06, compared to the national average (all FHA variants) of
6.363% for the same period.
Bradford's average FHA mortgage closing costs are $6,174.
The average rate for the prior week (2024-11-29) was
6.74% and
one month ago for the week of 2024-11-01, the
average rate was 6.44%.
The average rate one year ago was 6.97%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.36%.
Bradford 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 Bradford level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
QUICKEN LOANS, LLC | 22 | 6.52% | $7,064 |
GUARANTEED RATE, INC. | 6 | 7.27% | $7,827 |
SUCCESS MORTGAGE PARTNERS, INC. | 3 | 6.96% | $6,236 |
NEWREZ LLC | 2 | 7.00% | $5,513 |
MID-ISLAND MORTGAGE CORP. | 2 | 6.25% | $6,364 |
BROKER SOLUTIONS, INC. | 2 | 6.69% | $9,289 |
Mortgage Research Center, LLC | 2 | 7.38% | $3,688 |
MOVEMENT MORTGAGE, LLC | 2 | 7.50% | $7,131 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 8.21% | $14,023 |
AMERISAVE MORTGAGE CORPORATION | 1 | 6.25% | $7,354 |
Univest Bank and Trust Co. | 1 | 6.75% | $7,424 |
LOANDEPOT.COM, LLC | 1 | 6.25% | $8,649 |
MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 6.75% | $11,114 |
PENNYMAC LOAN SERVICES, LLC | 1 | 7.25% | $8,957 |
PLAZA HOME MORTGAGE, INC. | 1 | 7.25% | $11,915 |
PNC Bank | 1 | 7.25% | $9,052 |
PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 6.75% | $5,066 |
RUOFF MORTGAGE COMPANY, INC. | 1 | 5.00% | $9,026 |
The top Bradford FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
22 FHA loans originated. Their average total fees are
$7,064, which is $763
lower than the next largest lender,
GUARANTEED RATE, INC..
The lowest fee Bradford FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($7,064), .
The lowest rate Bradford FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.52%), .
Bradford FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
BRADFORD, PA | MCKEAN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
BRADFORD, PA | MCKEAN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Bradford (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 | $79,900 (-11.0%) | $112,702 (-13.5%) | 0.00 | 175 |
2018-02-01 | $79,900 (-11.1%) | $119,694 (0.4%) | 0.00 | 177 |
2018-03-01 | $79,900 (-11.1%) | $118,156 (-3.6%) | 0.00 | 174 |
2018-04-01 | $82,225 (-13.4%) | $119,630 (-5.6%) | 0.00 | 186 |
2018-05-01 | $80,417 (-10.6%) | $122,472 (-2.2%) | 0.00 | 200 |
2018-06-01 | $88,250 (-1.6%) | $130,545 (6.0%) | 0.00 | 185 |
2018-07-01 | $95,325 (10.6%) | $133,442 (10.9%) | 0.00 | 193 |
2018-08-01 | $94,450 (11.2%) | $133,663 (10.4%) | 0.00 | 196 |
2018-09-01 | $88,750 (4.5%) | $132,401 (6.7%) | 0.00 | 201 |
2018-10-01 | $84,900 (0.0%) | $129,332 (4.3%) | 0.00 | 215 |
2018-11-01 | $84,100 (-0.4%) | $126,947 (5.9%) | 0.00 | 198 |
2018-12-01 | $80,000 (0.0%) | $123,104 (5.1%) | 0.00 | 192 |
2019-01-01 | $79,900 (0.0%) | $120,403 (6.8%) | 0.00 | 182 |
2019-02-01 | $79,825 (-0.1%) | $118,598 (-0.9%) | 0.00 | 175 |
2019-03-01 | $79,843 (-0.1%) | $115,500 (-2.3%) | 0.00 | 179 |
2019-04-01 | $79,900 (-2.8%) | $111,237 (-7.0%) | 0.00 | 179 |
2019-05-01 | $84,900 (5.6%) | $113,346 (-7.5%) | 0.00 | 194 |
2019-06-01 | $79,900 (-9.5%) | $109,843 (-15.9%) | 0.00 | 189 |
2019-07-01 | $82,850 (-13.1%) | $113,650 (-14.8%) | 0.00 | 194 |
2019-08-01 | $84,118 (-10.9%) | $113,204 (-15.3%) | 0.00 | 198 |
2019-09-01 | $81,745 (-7.9%) | $112,523 (-15.0%) | 0.00 | 201 |
2019-10-01 | $79,425 (-6.5%) | $111,803 (-13.6%) | 0.00 | 199 |
2019-11-01 | $77,900 (-7.4%) | $107,780 (-15.1%) | 0.00 | 194 |
2019-12-01 | $82,250 (2.8%) | $106,977 (-13.1%) | 0.00 | 180 |
2020-01-01 | $81,250 (1.7%) | $104,920 (-12.9%) | 0.00 | 171 |
2020-02-01 | $79,750 (-0.1%) | $104,810 (-11.6%) | 0.00 | 173 |
2020-03-01 | $85,925 (7.6%) | $107,045 (-7.3%) | 0.00 | 177 |
2020-04-01 | $84,900 (6.3%) | $105,783 (-4.9%) | 0.00 | 167 |
2020-05-01 | $82,450 (-2.9%) | $105,032 (-7.3%) | 0.00 | 163 |
2020-06-01 | $83,700 (4.8%) | $106,262 (-3.3%) | 0.00 | 157 |
2020-07-01 | $85,175 (2.8%) | $109,735 (-3.5%) | 0.00 | 149 |
2020-08-01 | $84,900 (0.9%) | $115,404 (1.9%) | 0.00 | 123 |
2020-09-01 | $84,225 (3.0%) | $116,503 (3.5%) | 0.00 | 113 |
2020-10-01 | $80,000 (0.7%) | $120,357 (7.7%) | 0.00 | 105 |
2020-11-01 | $81,200 (4.2%) | $118,535 (10.0%) | 0.00 | 95 |
2020-12-01 | $75,925 (-7.7%) | $116,390 (8.8%) | 0.00 | 82 |
2021-01-01 | $79,450 (-2.2%) | $118,448 (12.9%) | 0.00 | 71 |
2021-02-01 | $72,650 (-8.9%) | $112,705 (7.5%) | 0.00 | 59 |
2021-03-01 | $73,400 (-14.6%) | $115,767 (8.2%) | 0.00 | 48 |
2021-04-01 | $79,050 (-6.9%) | $120,190 (13.6%) | 0.00 | 46 |
2021-05-01 | $99,750 (21.0%) | $136,801 (30.3%) | 0.00 | 49 |
2021-06-01 | $97,300 (16.3%) | $140,846 (32.6%) | 0.00 | 61 |
2021-07-01 | $111,325 (30.7%) | $152,092 (38.6%) | 0.00 | 62 |
2021-08-01 | $122,463 (44.2%) | $173,112 (50.0%) | 0.00 | 63 |
2021-09-01 | $125,688 (49.2%) | $175,463 (50.6%) | 0.00 | 63 |
2021-10-01 | $122,950 (53.7%) | $163,660 (36.0%) | 0.00 | 70 |
2021-11-01 | $130,700 (61.0%) | $175,964 (48.5%) | 0.00 | 59 |
2021-12-01 | $126,950 (67.2%) | $169,089 (45.3%) | 0.00 | 61 |
2022-01-01 | $129,000 (62.4%) | $177,114 (49.5%) | 0.00 | 51 |
2022-02-01 | $139,450 (92.0%) | $188,837 (67.6%) | 0.00 | 46 |
2022-03-01 | $139,475 (90.0%) | $176,995 (52.9%) | 0.00 | 47 |
2022-04-01 | $127,400 (61.2%) | $175,535 (46.1%) | 0.00 | 47 |
2022-05-01 | $133,725 (34.1%) | $172,846 (26.4%) | 0.00 | 50 |
2022-06-01 | $131,175 (34.8%) | $183,125 (30.0%) | 0.00 | 54 |
2022-07-01 | $129,900 (16.7%) | $193,838 (27.5%) | 0.00 | 69 |
2022-08-01 | $135,650 (10.8%) | $190,332 (10.0%) | 0.00 | 73 |
2022-09-01 | $131,175 (4.4%) | $181,452 (3.4%) | 0.00 | 69 |
2022-10-01 | $132,450 (7.7%) | $170,455 (4.2%) | 0.00 | 77 |
2022-11-01 | $133,725 (2.3%) | $165,913 (-5.7%) | 0.00 | 71 |
2022-12-01 | $129,900 (2.3%) | $158,892 (-6.0%) | 0.00 | 64 |
2023-01-01 | $131,150 (1.7%) | $151,105 (-14.7%) | 0.00 | 62 |
2023-02-01 | $124,675 (-10.6%) | $149,541 (-20.8%) | 0.00 | 59 |
2023-03-01 | $130,000 (-6.8%) | $154,148 (-12.9%) | 0.00 | 58 |
2023-04-01 | $154,500 (21.3%) | $185,641 (5.8%) | 0.00 | 54 |
2023-05-01 | $164,750 (23.2%) | $178,284 (3.2%) | 0.00 | 63 |
2023-06-01 | $161,250 (22.9%) | $173,817 (-5.1%) | 0.00 | 65 |
2023-07-01 | $149,450 (15.1%) | $190,927 (-1.5%) | 0.00 | 56 |
2023-08-01 | $144,950 (6.9%) | $192,441 (1.1%) | 0.00 | 59 |
2023-09-01 | $142,400 (8.6%) | $183,228 (1.0%) | 0.00 | 58 |
2023-10-01 | $147,250 (11.2%) | $187,889 (10.2%) | 0.00 | 65 |
2023-11-01 | $154,250 (15.4%) | $189,525 (14.2%) | 0.00 | 65 |
2023-12-01 | $159,000 (22.4%) | $187,586 (18.1%) | 0.00 | 68 |
2024-01-01 | $175,000 (33.4%) | $202,333 (33.9%) | 0.00 | 58 |
2024-02-01 | $181,000 (45.2%) | $196,443 (31.4%) | 0.00 | 50 |
2024-03-01 | $169,000 (30.0%) | $187,270 (21.5%) | 0.00 | 48 |
2024-04-01 | $166,475 (7.8%) | $192,879 (3.9%) | 0.00 | 43 |
2024-05-01 | $164,925 (0.1%) | $184,176 (3.3%) | 0.00 | 45 |
2024-06-01 | $162,500 (0.8%) | $186,015 (7.0%) | 0.00 | 52 |
2024-07-01 | $159,900 (7.0%) | $188,337 (-1.4%) | 0.00 | 67 |
2024-08-01 | $159,900 (10.3%) | $183,398 (-4.7%) | 0.00 | 67 |
2024-09-01 | $166,150 (16.7%) | $187,193 (2.2%) | 0.00 | 79 |
2024-10-01 | $167,400 (13.7%) | $206,537 (9.9%) | 0.00 | 86 |
2024-11-01 | $169,900 (10.2%) | $206,216 (8.8%) | 0.00 | 93 |
Bradford's median listing price comes in at 0% of the national average.
Bradford's average listing price for 2024-11-01 was $206,216, a difference of $16,691 (8.8%) versus the prior year and $-321 versus the prior month.
For the 2024-11-01 period, Bradford had 93 MLS listings, a difference of 7 listings (8%) versus the prior month and 28 listings (43%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bradford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,600 sqft |
2018-02-01 | 0 days | 1,600 sqft |
2018-03-01 | 0 days | 1,600 sqft |
2018-04-01 | 0 days | 1,619 sqft |
2018-05-01 | 0 days | 1,636 sqft |
2018-06-01 | 0 days | 1,654 sqft |
2018-07-01 | 0 days | 1,652 sqft |
2018-08-01 | 0 days | 1,613 sqft |
2018-09-01 | 0 days | 1,572 sqft |
2018-10-01 | 0 days | 1,552 sqft |
2018-11-01 | 0 days | 1,524 sqft |
2018-12-01 | 0 days | 1,508 sqft |
2019-01-01 | 0 days | 1,504 sqft |
2019-02-01 | 0 days | 1,504 sqft |
2019-03-01 | 0 days | 1,507 sqft |
2019-04-01 | 0 days | 1,507 sqft |
2019-05-01 | 0 days | 1,526 sqft |
2019-06-01 | 0 days | 1,535 sqft |
2019-07-01 | 0 days | 1,600 sqft |
2019-08-01 | 0 days | 1,615 sqft |
2019-09-01 | 0 days | 1,606 sqft |
2019-10-01 | 0 days | 1,601 sqft |
2019-11-01 | 0 days | 1,568 sqft |
2019-12-01 | 0 days | 1,567 sqft |
2020-01-01 | 0 days | 1,544 sqft |
2020-02-01 | 0 days | 1,524 sqft |
2020-03-01 | 0 days | 1,555 sqft |
2020-04-01 | 0 days | 1,562 sqft |
2020-05-01 | 0 days | 1,564 sqft |
2020-06-01 | 0 days | 1,552 sqft |
2020-07-01 | 0 days | 1,558 sqft |
2020-08-01 | 0 days | 1,564 sqft |
2020-09-01 | 0 days | 1,547 sqft |
2020-10-01 | 0 days | 1,556 sqft |
2020-11-01 | 0 days | 1,520 sqft |
2020-12-01 | 0 days | 1,548 sqft |
2021-01-01 | 0 days | 1,544 sqft |
2021-02-01 | 0 days | 1,538 sqft |
2021-03-01 | 0 days | 1,540 sqft |
2021-04-01 | 0 days | 1,672 sqft |
2021-05-01 | 0 days | 1,756 sqft |
2021-06-01 | 0 days | 1,557 sqft |
2021-07-01 | 0 days | 1,716 sqft |
2021-08-01 | 0 days | 1,737 sqft |
2021-09-01 | 0 days | 1,792 sqft |
2021-10-01 | 0 days | 1,776 sqft |
2021-11-01 | 0 days | 1,817 sqft |
2021-12-01 | 0 days | 1,697 sqft |
2022-01-01 | 0 days | 1,698 sqft |
2022-02-01 | 0 days | 1,792 sqft |
2022-03-01 | 0 days | 1,790 sqft |
2022-04-01 | 0 days | 1,798 sqft |
2022-05-01 | 0 days | 1,726 sqft |
2022-06-01 | 0 days | 1,654 sqft |
2022-07-01 | 0 days | 1,695 sqft |
2022-08-01 | 0 days | 1,695 sqft |
2022-09-01 | 0 days | 1,565 sqft |
2022-10-01 | 0 days | 1,561 sqft |
2022-11-01 | 0 days | 1,553 sqft |
2022-12-01 | 0 days | 1,567 sqft |
2023-01-01 | 0 days | 1,565 sqft |
2023-02-01 | 0 days | 1,570 sqft |
2023-03-01 | 0 days | 1,640 sqft |
2023-04-01 | 0 days | 1,794 sqft |
2023-05-01 | 0 days | 1,778 sqft |
2023-06-01 | 0 days | 1,794 sqft |
2023-07-01 | 0 days | 1,800 sqft |
2023-08-01 | 0 days | 1,728 sqft |
2023-09-01 | 0 days | 1,581 sqft |
2023-10-01 | 0 days | 1,648 sqft |
2023-11-01 | 0 days | 1,688 sqft |
2023-12-01 | 0 days | 1,832 sqft |
2024-01-01 | 0 days | 1,965 sqft |
2024-02-01 | 0 days | 1,936 sqft |
2024-03-01 | 0 days | 1,898 sqft |
2024-04-01 | 0 days | 1,548 sqft |
2024-05-01 | 0 days | 1,535 sqft |
2024-06-01 | 0 days | 1,576 sqft |
2024-07-01 | 0 days | 1,546 sqft |
2024-08-01 | 0 days | 1,552 sqft |
2024-09-01 | 0 days | 1,544 sqft |
2024-10-01 | 0 days | 1,549 sqft |
2024-11-01 | 0 days | 1,561 sqft |
Bradford's median square footage for active listings during the 2024-11-01 period was 1,561 sqft. One year prior, the average listing was 1,688 sqft.