Cambridge FHA Loan Rates, Closing Costs & Stats

CAMBRIDGE-NEWTON-FRAMINGHAM, MA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Cambridge FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Cambridge averaged 0% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

    Cambridge's average FHA mortgage closing costs are $0.

    The average rate for the prior week (2025-06-27) was 0% and one month ago for the week of 2025-05-30, the average rate was 0%.

    The average rate one year ago was 0%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0%.

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

    Cambridge 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 Cambridge level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Cambridge (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%) 1.85 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%) 1.88 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%) 1.83 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%) 1.94 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%) 1.97 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%) 2.00 3,621
    2025-02-01 $839,450 (-1.8%) $1,461,182 (-2.3%) 2.04 3,706
    2025-03-01 $869,000 (-1.2%) $1,514,021 (-0.9%) 2.05 4,423
    2025-04-01 $878,000 (0.9%) $1,503,546 (0.9%) 2.04 5,486
    2025-05-01 $879,000 (-1.7%) $1,474,464 (-2.8%) 2.00 6,683
    Cambridge's median listing price for 2025-05-01 was $879,000, a difference of $-15,000 (-1.7%) versus the prior year and $1,000 versus the prior month.

    Cambridge's median listing price comes in at 200% of the national average.

    Cambridge's average listing price for 2025-05-01 was $1,474,464, a difference of $-42,299 (-2.8%) versus the prior year and $-29,082 versus the prior month.

    For the 2025-05-01 period, Cambridge had 6,683 MLS listings, a difference of 1,197 listings (22%) versus the prior month and 1,739 listings (35%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Cambridge (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 46 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 60 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 56 days 1,756 sqft
    2025-02-01 33 days 1,792 sqft
    2025-03-01 25 days 1,814 sqft
    2025-04-01 25 days 1,812 sqft
    2025-05-01 26 days 1,840 sqft
    Cambridge's median listing age (time on market) for 2025-05-01 was 26 days. This is 11% longer than the same period one year ago.

    Cambridge's median square footage for active listings during the 2025-05-01 period was 1,840 sqft. One year prior, the average listing was 1,878 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).