Breckenridge FHA Loan Rates, Closing Costs & Stats
Breckenridge, CO
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 10 lenders originated 31 FHA loans during 2021. The total origination value was $11,895,000, with an average FHA loan value of $383,710.
Breckenridge FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Breckenridge
averaged
6.29%
for the week of 2023-01-27, compared to the national average (all FHA variants) of
6.186% for the same period.
Breckenridge's average FHA mortgage closing costs are $10,414.
The average rate for the prior week (2023-01-20) was
6.26% and
one month ago for the week of 2022-12-23, the
average rate was 6.45%.
The average rate one year ago was 3.94%.
For refis of the same type during the week of 2023-01-27, the average rate
was 5.79%.
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 | 2021 Avg. 30yFix Rate | 2021 Avg. Closing Costs |
---|---|---|---|
MEGASTAR FINANCIAL CORP. | 6 | 2.77% | $10,722 |
FREEDOM MORTGAGE CORPORATION | 4 | 2.59% | $8,002 |
CROSSCOUNTRY MORTGAGE, LLC | 3 | 3.21% | $14,021 |
LAKEVIEW LOAN SERVICING, LLC | 2 | 2.93% | $6,082 |
PENNYMAC LOAN SERVICES, LLC | 2 | 2.81% | $8,896 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 2.72% | $7,237 |
CMG MORTGAGE, INC. | 1 | 4.50% | $18,847 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 3.00% | $15,704 |
FINANCE OF AMERICA MORTGAGE LLC | 1 | 2.50% | $7,863 |
Bank of England | 1 | 2.75% | $9,970 |
The top Breckenridge FHA lender as defined by loan originations is MEGASTAR FINANCIAL CORP., with
6 FHA loans originated. Their average total fees are
$10,722, which is $2,720
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
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 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Breckenridge (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 | $1,094,750 (10.0%) | $1,523,271 (11.4%) | 0.00 | 267 |
2018-02-01 | $1,024,000 (9.7%) | $1,499,438 (8.5%) | 0.00 | 273 |
2018-03-01 | $949,000 (6.5%) | $1,445,226 (6.9%) | 0.00 | 300 |
2018-04-01 | $839,000 (-5.7%) | $1,335,104 (3.5%) | 0.00 | 353 |
2018-05-01 | $814,000 (-2.5%) | $1,322,119 (7.2%) | 0.00 | 363 |
2018-06-01 | $855,000 (0.7%) | $1,340,331 (9.8%) | 0.00 | 442 |
2018-07-01 | $913,500 (4.4%) | $1,393,001 (9.8%) | 0.00 | 503 |
2018-08-01 | $925,750 (8.0%) | $1,407,047 (11.0%) | 0.00 | 512 |
2018-09-01 | $929,000 (0.5%) | $1,436,871 (8.4%) | 0.00 | 487 |
2018-10-01 | $914,000 (-7.5%) | $1,458,991 (1.9%) | 0.00 | 449 |
2018-11-01 | $948,250 (-11.7%) | $1,481,345 (-2.4%) | 0.00 | 405 |
2018-12-01 | $968,750 (-9.3%) | $1,547,372 (0.7%) | 0.00 | 366 |
2019-01-01 | $922,000 (-15.8%) | $1,542,808 (1.3%) | 0.00 | 341 |
2019-02-01 | $816,000 (-20.3%) | $1,427,096 (-4.8%) | 0.00 | 360 |
2019-03-01 | $750,429 (-20.9%) | $1,280,574 (-11.4%) | 0.00 | 430 |
2019-04-01 | $644,250 (-23.2%) | $1,096,735 (-17.9%) | 0.00 | 528 |
2019-05-01 | $639,225 (-21.5%) | $1,054,213 (-20.3%) | 0.00 | 595 |
2019-06-01 | $649,000 (-24.1%) | $1,050,754 (-21.6%) | 0.00 | 726 |
2019-07-01 | $649,000 (-29.0%) | $1,063,280 (-23.7%) | 0.00 | 824 |
2019-08-01 | $644,273 (-30.4%) | $1,054,435 (-25.1%) | 0.00 | 837 |
2019-09-01 | $635,682 (-31.6%) | $1,035,914 (-27.9%) | 0.00 | 806 |
2019-10-01 | $629,955 (-31.1%) | $1,029,246 (-29.5%) | 0.00 | 772 |
2019-11-01 | $692,000 (-27.0%) | $1,180,976 (-20.3%) | 0.00 | 718 |
2019-12-01 | $678,225 (-30.0%) | $1,134,738 (-26.7%) | 0.00 | 716 |
2020-01-01 | $645,000 (-30.0%) | $1,035,997 (-32.9%) | 0.00 | 722 |
2020-02-01 | $689,000 (-15.6%) | $1,180,557 (-17.3%) | 0.00 | 619 |
2020-03-01 | $675,000 (-10.1%) | $1,154,753 (-9.8%) | 0.00 | 665 |
2020-04-01 | $663,750 (3.0%) | $1,104,414 (0.7%) | 0.00 | 696 |
2020-05-01 | $649,900 (1.7%) | $1,079,527 (2.4%) | 0.00 | 754 |
2020-06-01 | $664,975 (2.5%) | $1,057,983 (0.7%) | 0.00 | 953 |
2020-07-01 | $673,750 (3.8%) | $1,072,146 (0.8%) | 0.00 | 1,053 |
2020-08-01 | $689,000 (6.9%) | $1,124,630 (6.7%) | 0.00 | 1,018 |
2020-09-01 | $682,000 (7.3%) | $1,148,503 (10.9%) | 0.00 | 935 |
2020-10-01 | $692,000 (9.9%) | $1,183,486 (15.0%) | 0.00 | 800 |
2020-11-01 | $699,975 (1.2%) | $1,236,400 (4.7%) | 0.00 | 623 |
2020-12-01 | $700,000 (3.2%) | $1,252,779 (10.4%) | 0.00 | 551 |
2021-01-01 | $723,500 (12.2%) | $1,260,537 (21.7%) | 0.00 | 526 |
2021-02-01 | $709,000 (2.9%) | $1,188,055 (0.6%) | 0.00 | 563 |
2021-03-01 | $739,500 (9.6%) | $1,271,975 (10.2%) | 0.00 | 552 |
2021-04-01 | $777,250 (17.1%) | $1,350,139 (22.3%) | 0.00 | 555 |
2021-05-01 | $799,000 (22.9%) | $1,335,693 (23.7%) | 0.00 | 587 |
2021-06-01 | $830,000 (24.8%) | $1,353,594 (27.9%) | 0.00 | 613 |
2021-07-01 | $829,900 (23.2%) | $1,341,819 (25.2%) | 0.00 | 673 |
2021-08-01 | $839,000 (21.8%) | $1,454,955 (29.4%) | 0.00 | 697 |
2021-09-01 | $885,000 (29.8%) | $1,476,935 (28.6%) | 0.00 | 708 |
2021-10-01 | $949,000 (37.1%) | $1,527,455 (29.1%) | 0.00 | 626 |
2021-11-01 | $953,750 (36.3%) | $1,612,665 (30.4%) | 0.00 | 513 |
2021-12-01 | $999,000 (42.7%) | $1,751,965 (39.9%) | 0.00 | 464 |
2022-01-01 | $1,068,677 (47.7%) | $1,845,601 (46.4%) | 0.00 | 450 |
2022-02-01 | $1,017,500 (43.5%) | $1,764,990 (48.6%) | 0.00 | 500 |
2022-03-01 | $1,073,294 (45.1%) | $1,799,122 (41.4%) | 0.00 | 524 |
2022-04-01 | $1,125,000 (44.7%) | $1,831,814 (35.7%) | 0.00 | 543 |
2022-05-01 | $1,131,000 (41.6%) | $1,842,401 (37.9%) | 0.00 | 612 |
2022-06-01 | $1,157,500 (39.5%) | $1,846,409 (36.4%) | 0.00 | 700 |
2022-07-01 | $1,177,500 (41.9%) | $1,843,132 (37.4%) | 0.00 | 849 |
2022-08-01 | $1,192,500 (42.1%) | $1,890,162 (29.9%) | 0.00 | 875 |
2022-09-01 | $1,234,000 (39.4%) | $1,878,967 (27.2%) | 0.00 | 871 |
2022-10-01 | $1,250,000 (31.7%) | $1,942,251 (27.2%) | 0.00 | 764 |
2022-11-01 | $1,200,000 (25.8%) | $1,935,067 (20.0%) | 0.00 | 683 |
2022-12-01 | $1,250,000 (25.1%) | $1,994,112 (13.8%) | 0.00 | 631 |
Breckenridge's median listing price comes in at 0% of the national average.
Breckenridge's average listing price for 2022-12-01 was $1,994,112, a difference of $242,147 (13.8%) versus the prior year and $59,045 versus the prior month.
For the 2022-12-01 period, Breckenridge had 631 MLS listings, a difference of -52 listings (-8%) versus the prior month and 167 listings (36%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Breckenridge (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,268 sqft |
2018-02-01 | 0 days | 2,115 sqft |
2018-03-01 | 0 days | 2,035 sqft |
2018-04-01 | 0 days | 1,837 sqft |
2018-05-01 | 0 days | 1,821 sqft |
2018-06-01 | 0 days | 1,852 sqft |
2018-07-01 | 0 days | 1,987 sqft |
2018-08-01 | 0 days | 1,988 sqft |
2018-09-01 | 0 days | 2,056 sqft |
2018-10-01 | 0 days | 2,027 sqft |
2018-11-01 | 0 days | 1,959 sqft |
2018-12-01 | 0 days | 2,006 sqft |
2019-01-01 | 0 days | 1,819 sqft |
2019-02-01 | 0 days | 1,590 sqft |
2019-03-01 | 0 days | 1,420 sqft |
2019-04-01 | 0 days | 1,206 sqft |
2019-05-01 | 0 days | 1,200 sqft |
2019-06-01 | 0 days | 1,202 sqft |
2019-07-01 | 0 days | 1,266 sqft |
2019-08-01 | 0 days | 1,321 sqft |
2019-09-01 | 0 days | 1,312 sqft |
2019-10-01 | 0 days | 1,304 sqft |
2019-11-01 | 0 days | 1,426 sqft |
2019-12-01 | 0 days | 1,328 sqft |
2020-01-01 | 0 days | 1,176 sqft |
2020-02-01 | 0 days | 1,228 sqft |
2020-03-01 | 0 days | 1,214 sqft |
2020-04-01 | 0 days | 1,215 sqft |
2020-05-01 | 0 days | 1,220 sqft |
2020-06-01 | 0 days | 1,255 sqft |
2020-07-01 | 0 days | 1,304 sqft |
2020-08-01 | 0 days | 1,335 sqft |
2020-09-01 | 0 days | 1,249 sqft |
2020-10-01 | 0 days | 1,231 sqft |
2020-11-01 | 0 days | 1,246 sqft |
2020-12-01 | 0 days | 1,232 sqft |
2021-01-01 | 0 days | 1,244 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 | 1,246 sqft |
2021-06-01 | 0 days | 1,320 sqft |
2021-07-01 | 0 days | 1,359 sqft |
2021-08-01 | 0 days | 1,375 sqft |
2021-09-01 | 0 days | 1,381 sqft |
2021-10-01 | 0 days | 1,474 sqft |
2021-11-01 | 0 days | 1,581 sqft |
2021-12-01 | 0 days | 1,581 sqft |
2022-01-01 | 0 days | 1,580 sqft |
2022-02-01 | 0 days | 1,395 sqft |
2022-03-01 | 0 days | 1,385 sqft |
2022-04-01 | 0 days | 1,449 sqft |
2022-05-01 | 0 days | 1,473 sqft |
2022-06-01 | 0 days | 1,482 sqft |
2022-07-01 | 0 days | 1,565 sqft |
2022-08-01 | 0 days | 1,608 sqft |
2022-09-01 | 0 days | 1,580 sqft |
2022-10-01 | 0 days | 1,547 sqft |
2022-11-01 | 0 days | 1,522 sqft |
2022-12-01 | 0 days | 1,604 sqft |
Breckenridge's median square footage for active listings during the 2022-12-01 period was 1,604 sqft. One year prior, the average listing was 1,581 sqft.