Breckenridge FHA Loan Rates, Closing Costs & Stats

Breckenridge, 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.

    Breckenridge's 13 lenders originated 25 FHA loans during 2023. The total origination value was $11,945,000, with an average FHA loan value of $477,800.

    Breckenridge FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Breckenridge 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.

    Breckenridge's average FHA mortgage closing costs are $11,726.

    The average rate for the prior week (2025-02-07) was 6.83% and one month ago for the week of 2025-01-10, the average rate was 6.79%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.32%.

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

    Breckenridge 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 Breckenridge level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.81% $15,458
    CROSSCOUNTRY MORTGAGE, LLC 3 6.79% $20,122
    Flagstar Bank, FSB 3 6.86% $12,705
    PLANET HOME LENDING, LLC 2 7.00% $14,408
    MOVEMENT MORTGAGE, LLC 2 6.94% $11,922
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $12,791
    QUICKEN LOANS, LLC 1 5.88% $13,034
    Bank of England 1 6.88% $18,475
    UNITED WHOLESALE MORTGAGE, LLC 1 6.12% $12,293
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.38% $20,261
    MEGASTAR FINANCIAL CORP. 1 6.13% $11,858
    Paramount Residential Mortgage Group, Inc. 1 7.50% $11,783
    PENNYMAC LOAN SERVICES, LLC 1 7.25% $23,174

    The top Breckenridge FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 4 FHA loans originated. Their average total fees are $15,458, which is $4,664 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Breckenridge FHA lenders (with over 10 loans originated) are .

    The lowest rate Breckenridge FHA lenders (with over 10 loans originated) are .

    Breckenridge FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BRECKENRIDGE, CO SUMMIT 2022 $925,750 $1,185,150 $1,432,550 $1,780,300
    BRECKENRIDGE, CO SUMMIT 2023 $953,350 $1,220,450 $1,475,250 $1,833,400

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Breckenridge (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 $1,012,000 (12.8%) $1,458,550 (13.9%) 0.00 285
    2018-02-01 $955,725 (9.2%) $1,443,993 (11.3%) 0.00 289
    2018-03-01 $920,000 (8.3%) $1,407,120 (8.9%) 0.00 311
    2018-04-01 $817,450 (-2.7%) $1,307,676 (6.1%) 0.00 368
    2018-05-01 $792,000 (-1.7%) $1,285,579 (8.8%) 0.00 384
    2018-06-01 $827,250 (2.9%) $1,289,033 (12.3%) 0.00 475
    2018-07-01 $844,450 (5.6%) $1,334,356 (12.3%) 0.00 539
    2018-08-01 $849,750 (6.6%) $1,346,191 (13.7%) 0.00 551
    2018-09-01 $849,500 (3.0%) $1,359,689 (10.2%) 0.00 528
    2018-10-01 $858,250 (-4.5%) $1,375,863 (4.2%) 0.00 490
    2018-11-01 $869,399 (-9.9%) $1,407,305 (-0.7%) 0.00 435
    2018-12-01 $899,000 (-5.3%) $1,487,494 (2.4%) 0.00 389
    2019-01-01 $866,500 (-14.4%) $1,486,884 (1.9%) 0.00 360
    2019-02-01 $793,250 (-17.0%) $1,385,275 (-4.1%) 0.00 377
    2019-03-01 $717,857 (-22.0%) $1,249,409 (-11.2%) 0.00 446
    2019-04-01 $628,106 (-23.2%) $1,075,687 (-17.7%) 0.00 546
    2019-05-01 $626,750 (-20.9%) $1,034,164 (-19.6%) 0.00 621
    2019-06-01 $624,000 (-24.6%) $1,022,296 (-20.7%) 0.00 764
    2019-07-01 $638,500 (-24.4%) $1,032,420 (-22.6%) 0.00 869
    2019-08-01 $633,818 (-25.4%) $1,027,289 (-23.7%) 0.00 877
    2019-09-01 $626,045 (-26.3%) $1,013,666 (-25.5%) 0.00 841
    2019-10-01 $620,864 (-27.7%) $1,009,396 (-26.6%) 0.00 805
    2019-11-01 $679,000 (-21.9%) $1,153,899 (-18.0%) 0.00 749
    2019-12-01 $670,000 (-25.5%) $1,111,582 (-25.3%) 0.00 746
    2020-01-01 $639,000 (-26.3%) $1,023,658 (-31.2%) 0.00 740
    2020-02-01 $670,000 (-15.5%) $1,163,299 (-16.0%) 0.00 633
    2020-03-01 $663,500 (-7.6%) $1,136,053 (-9.1%) 0.00 683
    2020-04-01 $653,750 (4.1%) $1,082,324 (0.6%) 0.00 724
    2020-05-01 $644,000 (2.8%) $1,057,585 (2.3%) 0.00 783
    2020-06-01 $654,500 (4.9%) $1,039,529 (1.7%) 0.00 983
    2020-07-01 $666,950 (4.5%) $1,054,880 (2.2%) 0.00 1,087
    2020-08-01 $679,000 (7.1%) $1,108,179 (7.9%) 0.00 1,050
    2020-09-01 $679,000 (8.5%) $1,134,938 (12.0%) 0.00 957
    2020-10-01 $679,000 (9.4%) $1,161,658 (15.1%) 0.00 829
    2020-11-01 $698,000 (2.8%) $1,213,574 (5.2%) 0.00 643
    2020-12-01 $699,000 (4.3%) $1,234,466 (11.1%) 0.00 563
    2021-01-01 $716,000 (12.1%) $1,244,860 (21.6%) 0.00 538
    2021-02-01 $704,750 (5.2%) $1,181,551 (1.6%) 0.00 572
    2021-03-01 $738,500 (11.3%) $1,268,389 (11.7%) 0.00 560
    2021-04-01 $778,875 (19.1%) $1,345,612 (24.3%) 0.00 561
    2021-05-01 $795,000 (23.5%) $1,324,187 (25.2%) 0.00 601
    2021-06-01 $822,475 (25.7%) $1,333,522 (28.3%) 0.00 636
    2021-07-01 $815,000 (22.2%) $1,320,209 (25.2%) 0.00 705
    2021-08-01 $827,500 (21.9%) $1,428,108 (28.9%) 0.00 728
    2021-09-01 $870,000 (28.1%) $1,449,783 (27.7%) 0.00 741
    2021-10-01 $925,000 (36.2%) $1,490,896 (28.3%) 0.00 658
    2021-11-01 $943,000 (35.1%) $1,583,914 (30.5%) 0.00 534
    2021-12-01 $995,000 (42.4%) $1,735,054 (40.6%) 0.00 477
    2022-01-01 $1,061,354 (48.2%) $1,838,434 (47.7%) 0.00 461
    2022-02-01 $997,500 (41.5%) $1,755,286 (48.6%) 0.00 515
    2022-03-01 $1,065,103 (44.2%) $1,789,928 (41.1%) 0.00 540
    2022-04-01 $1,119,222 (43.7%) $1,822,240 (35.4%) 0.00 557
    2022-05-01 $1,110,736 (39.7%) $1,819,292 (37.4%) 0.00 636
    2022-06-01 $1,110,736 (35.1%) $1,808,365 (35.6%) 0.00 733
    2022-07-01 $1,119,222 (37.3%) $1,796,128 (36.1%) 0.00 895
    2022-08-01 $1,150,000 (39.0%) $1,848,161 (29.4%) 0.00 913
    2022-09-01 $1,188,750 (36.6%) $1,836,399 (26.7%) 0.00 909
    2022-10-01 $1,200,000 (29.7%) $1,904,480 (27.7%) 0.00 794
    2022-11-01 $1,190,000 (26.2%) $1,891,068 (19.4%) 0.00 710
    2022-12-01 $1,219,000 (22.5%) $1,958,077 (12.9%) 0.00 651
    2023-01-01 $1,259,000 (18.6%) $2,049,810 (11.5%) 0.00 610
    2023-02-01 $1,237,500 (24.1%) $1,978,303 (12.7%) 0.00 594
    2023-03-01 $1,250,000 (17.4%) $1,929,678 (7.8%) 0.00 600
    2023-04-01 $1,249,000 (11.6%) $1,812,550 (-0.5%) 0.00 628
    2023-05-01 $1,120,667 (0.9%) $1,711,014 (-6.0%) 0.00 663
    2023-06-01 $1,125,850 (1.4%) $1,745,754 (-3.5%) 0.00 721
    2023-07-01 $1,119,222 (0.0%) $1,731,377 (-3.6%) 0.00 847
    2023-08-01 $1,100,000 (-4.4%) $1,761,347 (-4.7%) 0.00 898
    2023-09-01 $1,099,000 (-7.6%) $1,694,161 (-7.8%) 0.00 993
    2023-10-01 $1,100,000 (-8.3%) $1,861,956 (-2.2%) 0.00 504
    2023-11-01 $1,091,250 (-8.3%) $1,891,549 (0.0%) 0.00 461
    2023-12-01 $1,100,000 (-9.8%) $1,914,296 (-2.2%) 0.00 408
    2024-01-01 $1,100,000 (-12.6%) $2,036,563 (-0.7%) 0.00 367
    2024-02-01 $1,102,500 (-10.9%) $2,023,436 (2.3%) 0.00 373
    2024-03-01 $1,062,500 (-15.0%) $1,961,195 (1.6%) 0.00 423
    2024-04-01 $1,063,250 (-14.9%) $1,909,531 (5.4%) 0.00 458
    2024-05-01 $1,050,000 (-6.3%) $1,882,785 (10.0%) 0.00 515
    2024-06-01 $1,035,000 (-8.1%) $1,762,759 (1.0%) 0.00 675
    2024-07-01 $1,124,712 (0.5%) $1,831,682 (5.8%) 0.00 800
    2024-08-01 $1,117,212 (1.6%) $1,762,810 (0.1%) 0.00 802
    2024-09-01 $1,195,000 (8.7%) $1,807,519 (6.7%) 0.00 748
    2024-10-01 $1,187,000 (7.9%) $1,789,616 (-3.9%) 0.00 697
    2024-11-01 $1,175,000 (7.7%) $1,806,392 (-4.5%) 0.00 601
    2024-12-01 $1,132,000 (2.9%) $1,834,555 (-4.2%) 0.00 541
    2025-01-01 $1,140,000 (3.6%) $1,892,476 (-7.1%) 0.00 490
    Breckenridge's median listing price for 2025-01-01 was $1,140,000, a difference of $40,000 (3.6%) versus the prior year and $8,000 versus the prior month.

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

    Breckenridge's average listing price for 2025-01-01 was $1,892,476, a difference of $-144,087 (-7.1%) versus the prior year and $57,921 versus the prior month.

    For the 2025-01-01 period, Breckenridge had 490 MLS listings, a difference of -51 listings (-9%) versus the prior month and 123 listings (34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Breckenridge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,298 sqft
    2018-02-01 0 days 2,131 sqft
    2018-03-01 0 days 2,035 sqft
    2018-04-01 0 days 1,836 sqft
    2018-05-01 0 days 1,801 sqft
    2018-06-01 0 days 1,852 sqft
    2018-07-01 0 days 1,995 sqft
    2018-08-01 0 days 2,021 sqft
    2018-09-01 0 days 2,056 sqft
    2018-10-01 0 days 2,007 sqft
    2018-11-01 0 days 1,883 sqft
    2018-12-01 0 days 2,018 sqft
    2019-01-01 0 days 1,793 sqft
    2019-02-01 0 days 1,595 sqft
    2019-03-01 0 days 1,421 sqft
    2019-04-01 0 days 1,233 sqft
    2019-05-01 0 days 1,202 sqft
    2019-06-01 0 days 1,238 sqft
    2019-07-01 0 days 1,326 sqft
    2019-08-01 0 days 1,342 sqft
    2019-09-01 0 days 1,325 sqft
    2019-10-01 0 days 1,313 sqft
    2019-11-01 0 days 1,427 sqft
    2019-12-01 0 days 1,335 sqft
    2020-01-01 0 days 1,187 sqft
    2020-02-01 0 days 1,231 sqft
    2020-03-01 0 days 1,214 sqft
    2020-04-01 0 days 1,220 sqft
    2020-05-01 0 days 1,229 sqft
    2020-06-01 0 days 1,281 sqft
    2020-07-01 0 days 1,326 sqft
    2020-08-01 0 days 1,338 sqft
    2020-09-01 0 days 1,265 sqft
    2020-10-01 0 days 1,250 sqft
    2020-11-01 0 days 1,276 sqft
    2020-12-01 0 days 1,241 sqft
    2021-01-01 0 days 1,246 sqft
    2021-02-01 0 days 1,246 sqft
    2021-03-01 0 days 1,246 sqft
    2021-04-01 0 days 1,246 sqft
    2021-05-01 0 days 1,247 sqft
    2021-06-01 0 days 1,360 sqft
    2021-07-01 0 days 1,385 sqft
    2021-08-01 0 days 1,386 sqft
    2021-09-01 0 days 1,393 sqft
    2021-10-01 0 days 1,526 sqft
    2021-11-01 0 days 1,588 sqft
    2021-12-01 0 days 1,581 sqft
    2022-01-01 0 days 1,580 sqft
    2022-02-01 0 days 1,414 sqft
    2022-03-01 0 days 1,404 sqft
    2022-04-01 0 days 1,479 sqft
    2022-05-01 0 days 1,526 sqft
    2022-06-01 0 days 1,535 sqft
    2022-07-01 0 days 1,580 sqft
    2022-08-01 0 days 1,646 sqft
    2022-09-01 0 days 1,596 sqft
    2022-10-01 0 days 1,580 sqft
    2022-11-01 0 days 1,552 sqft
    2022-12-01 0 days 1,604 sqft
    2023-01-01 0 days 1,594 sqft
    2023-02-01 0 days 1,535 sqft
    2023-03-01 0 days 1,498 sqft
    2023-04-01 0 days 1,414 sqft
    2023-05-01 0 days 1,347 sqft
    2023-06-01 0 days 1,350 sqft
    2023-07-01 0 days 1,404 sqft
    2023-08-01 0 days 1,385 sqft
    2023-09-01 0 days 1,375 sqft
    2023-10-01 0 days 1,432 sqft
    2023-11-01 0 days 1,404 sqft
    2023-12-01 0 days 1,353 sqft
    2024-01-01 0 days 1,277 sqft
    2024-02-01 0 days 1,266 sqft
    2024-03-01 0 days 1,250 sqft
    2024-04-01 0 days 1,253 sqft
    2024-05-01 0 days 1,273 sqft
    2024-06-01 0 days 1,258 sqft
    2024-07-01 0 days 1,346 sqft
    2024-08-01 0 days 1,347 sqft
    2024-09-01 0 days 1,423 sqft
    2024-10-01 0 days 1,424 sqft
    2024-11-01 0 days 1,387 sqft
    2024-12-01 0 days 1,355 sqft
    2025-01-01 0 days 1,351 sqft
    Breckenridge's median listing age (time on market) for 2025-01-01 was 0 days.

    Breckenridge's median square footage for active listings during the 2025-01-01 period was 1,351 sqft. One year prior, the average listing was 1,277 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).