Cape Coral FHA Loan Rates, Closing Costs & Stats
CAPE CORAL-FORT MYERS, FL
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.
Cape Coral's 203 lenders originated 4,954 FHA loans during 2024. The total origination value was $1,722,570,000, with an average FHA loan value of $347,713.
Cape Coral FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Cape Coral
averaged
6.67%
for the week of 2025-05-23, compared to the national average (all FHA variants) of
6.612% for the same period.
Cape Coral's average FHA mortgage closing costs are $10,326.
The average rate for the prior week (2025-05-16) was
6.8% and
one month ago for the week of 2025-04-18, the
average rate was 6.53%.
The average rate one year ago was 6.8%.
For refis of the same type during the week of 2025-05-23, the average rate
was 6.48%.
Cape Coral 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 Cape Coral level.
The top Cape Coral FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
825 FHA loans originated. Their average total fees are
$16,073, which is $437
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Cape Coral FHA lenders (with over 10 loans originated) are
PULTE MORTGAGE LLC ($6,893), VILLAGE CAPITAL MORTGAGE ($7,613), VAN DYK MORTGAGE CORPORATION ($8,301), LAKEVIEW LOAN SERVICING, LLC ($9,738) and DHI MORTGAGE COMPANY, LTD. ($9,799).
The lowest rate Cape Coral FHA lenders (with over 10 loans originated) are
PULTE MORTGAGE LLC (5.16%), DHI MORTGAGE COMPANY, LTD. (5.30%), EAGLE HOME MORTGAGE, LLC (5.35%), INSPIRE HOME LOANS INC. (5.54%) and LOANPAL, LLC (5.86%).
Cape Coral FHA Loan Limits
| Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
|---|---|---|---|---|---|---|
| CAPE CORAL-FORT MYERS, FL | LEE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CAPE CORAL-FORT MYERS, FL | LEE | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Cape Coral (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 | $299,900 (-3.2%) | $480,792 (0.2%) | 1.11 | 9,099 |
| 2018-02-01 | $299,900 (-3.1%) | $485,831 (1.7%) | 1.09 | 9,580 |
| 2018-03-01 | $299,900 (-0.9%) | $483,522 (1.8%) | 1.05 | 9,690 |
| 2018-04-01 | $299,900 (0.0%) | $483,637 (1.5%) | 1.02 | 9,400 |
| 2018-05-01 | $299,000 (-0.3%) | $480,406 (1.2%) | 1.00 | 9,063 |
| 2018-06-01 | $294,751 (-1.7%) | $475,315 (0.4%) | 0.98 | 8,528 |
| 2018-07-01 | $295,000 (-1.6%) | $469,544 (0.2%) | 0.99 | 8,138 |
| 2018-08-01 | $289,700 (-3.1%) | $461,943 (-1.3%) | 0.97 | 7,931 |
| 2018-09-01 | $289,000 (-3.0%) | $458,725 (-1.6%) | 0.97 | 8,005 |
| 2018-10-01 | $290,000 (-2.8%) | $463,489 (0.0%) | 0.98 | 8,504 |
| 2018-11-01 | $298,450 (-0.4%) | $471,540 (0.3%) | 1.01 | 9,148 |
| 2018-12-01 | $294,900 (-1.7%) | $471,086 (-1.3%) | 1.02 | 9,833 |
| 2019-01-01 | $294,450 (-1.8%) | $477,671 (-0.7%) | 1.02 | 10,451 |
| 2019-02-01 | $298,400 (-0.5%) | $478,081 (-1.6%) | 1.01 | 11,071 |
| 2019-03-01 | $298,786 (-0.4%) | $480,512 (-0.6%) | 0.98 | 10,786 |
| 2019-04-01 | $298,425 (-0.5%) | $478,591 (-1.0%) | 0.95 | 10,326 |
| 2019-05-01 | $295,000 (-1.3%) | $476,003 (-0.9%) | 0.92 | 9,623 |
| 2019-06-01 | $292,950 (-0.6%) | $473,337 (-0.4%) | 0.92 | 8,833 |
| 2019-07-01 | $291,585 (-1.2%) | $468,196 (-0.3%) | 0.91 | 8,282 |
| 2019-08-01 | $294,636 (1.7%) | $466,120 (0.9%) | 0.93 | 7,971 |
| 2019-09-01 | $297,091 (2.8%) | $465,189 (1.4%) | 0.95 | 7,820 |
| 2019-10-01 | $299,000 (3.1%) | $466,844 (0.7%) | 0.96 | 7,751 |
| 2019-11-01 | $299,900 (0.5%) | $483,943 (2.6%) | 0.98 | 8,004 |
| 2019-12-01 | $302,497 (2.6%) | $496,296 (5.4%) | 1.01 | 8,041 |
| 2020-01-01 | $307,000 (4.3%) | $505,884 (5.9%) | 1.03 | 8,217 |
| 2020-02-01 | $317,000 (6.2%) | $518,311 (8.4%) | 1.04 | 8,200 |
| 2020-03-01 | $319,999 (7.1%) | $521,190 (8.5%) | 1.00 | 7,983 |
| 2020-04-01 | $314,500 (5.4%) | $506,433 (5.8%) | 0.99 | 7,800 |
| 2020-05-01 | $319,500 (8.3%) | $514,308 (8.1%) | 0.97 | 7,198 |
| 2020-06-01 | $324,950 (10.9%) | $531,570 (12.3%) | 0.96 | 6,494 |
| 2020-07-01 | $325,000 (11.5%) | $547,863 (17.0%) | 0.94 | 5,909 |
| 2020-08-01 | $325,000 (10.3%) | $552,123 (18.5%) | 0.93 | 5,443 |
| 2020-09-01 | $323,333 (8.8%) | $559,350 (20.2%) | 0.93 | 5,092 |
| 2020-10-01 | $325,000 (8.7%) | $564,844 (21.0%) | 0.93 | 4,852 |
| 2020-11-01 | $324,900 (8.3%) | $573,363 (18.5%) | 0.95 | 4,591 |
| 2020-12-01 | $324,019 (7.1%) | $578,807 (16.6%) | 0.96 | 4,350 |
| 2021-01-01 | $319,900 (4.2%) | $588,738 (16.4%) | 0.95 | 3,805 |
| 2021-02-01 | $321,575 (1.4%) | $605,880 (16.9%) | 0.94 | 2,920 |
| 2021-03-01 | $334,950 (4.7%) | $632,782 (21.4%) | 0.95 | 2,134 |
| 2021-04-01 | $349,450 (11.1%) | $642,310 (26.8%) | 0.95 | 1,923 |
| 2021-05-01 | $364,000 (13.9%) | $666,089 (29.5%) | 0.97 | 1,659 |
| 2021-06-01 | $370,725 (14.1%) | $675,109 (27.0%) | 0.98 | 1,802 |
| 2021-07-01 | $375,000 (15.4%) | $654,029 (19.4%) | 0.99 | 1,878 |
| 2021-08-01 | $394,850 (21.5%) | $677,849 (22.8%) | 1.05 | 1,951 |
| 2021-09-01 | $399,000 (23.4%) | $681,026 (21.8%) | 1.06 | 1,976 |
| 2021-10-01 | $424,900 (30.7%) | $705,031 (24.8%) | 1.13 | 1,928 |
| 2021-11-01 | $429,500 (32.2%) | $736,847 (28.5%) | 1.15 | 1,854 |
| 2021-12-01 | $437,000 (34.9%) | $729,702 (26.1%) | 1.18 | 1,821 |
| 2022-01-01 | $430,000 (34.4%) | $741,904 (26.0%) | 1.16 | 1,636 |
| 2022-02-01 | $468,125 (45.6%) | $788,049 (30.1%) | 1.22 | 1,533 |
| 2022-03-01 | $488,500 (45.8%) | $786,956 (24.4%) | 1.22 | 1,681 |
| 2022-04-01 | $495,000 (41.7%) | $788,055 (22.7%) | 1.18 | 1,973 |
| 2022-05-01 | $499,000 (37.1%) | $781,253 (17.3%) | 1.14 | 2,526 |
| 2022-06-01 | $499,450 (34.7%) | $769,489 (14.0%) | 1.11 | 3,219 |
| 2022-07-01 | $485,250 (29.4%) | $747,171 (14.2%) | 1.09 | 3,921 |
| 2022-08-01 | $475,000 (20.3%) | $720,319 (6.3%) | 1.10 | 4,197 |
| 2022-09-01 | $465,000 (16.5%) | $712,403 (4.6%) | 1.09 | 4,229 |
| 2022-10-01 | $459,900 (8.2%) | $699,324 (-0.8%) | 1.08 | 3,848 |
| 2022-11-01 | $459,950 (7.1%) | $711,070 (-3.5%) | 1.11 | 3,957 |
| 2022-12-01 | $465,000 (6.4%) | $717,457 (-1.7%) | 1.15 | 4,237 |
| 2023-01-01 | $471,950 (9.8%) | $719,320 (-3.0%) | 1.17 | 4,527 |
| 2023-02-01 | $479,940 (2.5%) | $737,174 (-6.5%) | 1.16 | 4,743 |
| 2023-03-01 | $498,750 (2.1%) | $750,526 (-4.6%) | 1.18 | 5,112 |
| 2023-04-01 | $499,000 (0.8%) | $750,086 (-4.8%) | 1.16 | 5,503 |
| 2023-05-01 | $494,500 (-0.9%) | $748,639 (-4.2%) | 1.12 | 5,626 |
| 2023-06-01 | $486,750 (-2.5%) | $736,037 (-4.4%) | 1.09 | 5,816 |
| 2023-07-01 | $480,000 (-1.1%) | $725,142 (-3.0%) | 1.09 | 5,924 |
| 2023-08-01 | $479,000 (0.8%) | $716,311 (-0.6%) | 1.10 | 5,938 |
| 2023-09-01 | $470,000 (1.1%) | $698,509 (-2.0%) | 1.09 | 6,357 |
| 2023-10-01 | $472,450 (2.7%) | $699,892 (0.1%) | 1.11 | 7,160 |
| 2023-11-01 | $474,950 (3.3%) | $707,121 (-0.6%) | 1.13 | 7,943 |
| 2023-12-01 | $475,415 (2.2%) | $724,719 (1.0%) | 1.16 | 8,449 |
| 2024-01-01 | $480,950 (1.9%) | $739,029 (2.7%) | 1.17 | 9,175 |
| 2024-02-01 | $477,000 (-0.6%) | $740,783 (0.5%) | 1.15 | 9,886 |
| 2024-03-01 | $474,100 (-4.9%) | $746,315 (-0.6%) | 1.12 | 10,287 |
| 2024-04-01 | $469,450 (-5.9%) | $742,893 (-1.0%) | 1.09 | 10,314 |
| 2024-05-01 | $460,900 (-6.8%) | $739,477 (-1.2%) | 1.05 | 10,109 |
| 2024-06-01 | $453,000 (-6.9%) | $730,640 (-0.7%) | 1.03 | 9,880 |
| 2024-07-01 | $449,450 (-6.4%) | $713,340 (-1.6%) | 1.03 | 9,548 |
| 2024-08-01 | $440,000 (-8.1%) | $696,456 (-2.8%) | 1.02 | 9,255 |
| 2024-09-01 | $430,000 (-8.5%) | $679,702 (-2.7%) | 1.01 | 9,384 |
| 2024-10-01 | $429,900 (-9.0%) | $665,219 (-5.0%) | 1.01 | 9,583 |
| 2024-11-01 | $430,000 (-9.5%) | $662,031 (-6.4%) | 1.03 | 10,957 |
| 2024-12-01 | $436,203 (-8.3%) | $682,020 (-5.9%) | 1.08 | 11,639 |
| 2025-01-01 | $439,900 (-8.5%) | $691,407 (-6.4%) | 1.10 | 12,756 |
| 2025-02-01 | $439,950 (-7.8%) | $694,176 (-6.3%) | 1.07 | 14,105 |
| 2025-03-01 | $439,900 (-7.2%) | $692,373 (-7.2%) | 1.04 | 14,615 |
| 2025-04-01 | $435,000 (-7.3%) | $694,689 (-6.5%) | 1.01 | 14,580 |
Cape Coral's median listing price comes in at 101% of the national average.
Cape Coral's average listing price for 2025-04-01 was $694,689, a difference of $-48,204 (-6.5%) versus the prior year and $2,316 versus the prior month.
For the 2025-04-01 period, Cape Coral had 14,580 MLS listings, a difference of -35 listings (0%) versus the prior month and 4,266 listings (41%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cape Coral (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 67 days | 1,785 sqft |
| 2018-02-01 | 65 days | 1,788 sqft |
| 2018-03-01 | 62 days | 1,789 sqft |
| 2018-04-01 | 72 days | 1,795 sqft |
| 2018-05-01 | 75 days | 1,787 sqft |
| 2018-06-01 | 81 days | 1,784 sqft |
| 2018-07-01 | 85 days | 1,785 sqft |
| 2018-08-01 | 86 days | 1,775 sqft |
| 2018-09-01 | 85 days | 1,772 sqft |
| 2018-10-01 | 77 days | 1,769 sqft |
| 2018-11-01 | 71 days | 1,767 sqft |
| 2018-12-01 | 72 days | 1,755 sqft |
| 2019-01-01 | 74 days | 1,756 sqft |
| 2019-02-01 | 74 days | 1,759 sqft |
| 2019-03-01 | 76 days | 1,761 sqft |
| 2019-04-01 | 79 days | 1,757 sqft |
| 2019-05-01 | 85 days | 1,753 sqft |
| 2019-06-01 | 88 days | 1,755 sqft |
| 2019-07-01 | 92 days | 1,756 sqft |
| 2019-08-01 | 87 days | 1,755 sqft |
| 2019-09-01 | 83 days | 1,755 sqft |
| 2019-10-01 | 77 days | 1,757 sqft |
| 2019-11-01 | 68 days | 1,763 sqft |
| 2019-12-01 | 72 days | 1,777 sqft |
| 2020-01-01 | 75 days | 1,779 sqft |
| 2020-02-01 | 72 days | 1,788 sqft |
| 2020-03-01 | 67 days | 1,794 sqft |
| 2020-04-01 | 76 days | 1,773 sqft |
| 2020-05-01 | 86 days | 1,796 sqft |
| 2020-06-01 | 95 days | 1,788 sqft |
| 2020-07-01 | 90 days | 1,774 sqft |
| 2020-08-01 | 77 days | 1,759 sqft |
| 2020-09-01 | 74 days | 1,752 sqft |
| 2020-10-01 | 65 days | 1,756 sqft |
| 2020-11-01 | 61 days | 1,739 sqft |
| 2020-12-01 | 64 days | 1,734 sqft |
| 2021-01-01 | 62 days | 1,722 sqft |
| 2021-02-01 | 51 days | 1,694 sqft |
| 2021-03-01 | 47 days | 1,696 sqft |
| 2021-04-01 | 40 days | 1,706 sqft |
| 2021-05-01 | 39 days | 1,722 sqft |
| 2021-06-01 | 37 days | 1,745 sqft |
| 2021-07-01 | 40 days | 1,747 sqft |
| 2021-08-01 | 46 days | 1,765 sqft |
| 2021-09-01 | 49 days | 1,768 sqft |
| 2021-10-01 | 47 days | 1,784 sqft |
| 2021-11-01 | 46 days | 1,779 sqft |
| 2021-12-01 | 49 days | 1,761 sqft |
| 2022-01-01 | 49 days | 1,755 sqft |
| 2022-02-01 | 33 days | 1,765 sqft |
| 2022-03-01 | 29 days | 1,761 sqft |
| 2022-04-01 | 30 days | 1,770 sqft |
| 2022-05-01 | 31 days | 1,756 sqft |
| 2022-06-01 | 35 days | 1,758 sqft |
| 2022-07-01 | 40 days | 1,757 sqft |
| 2022-08-01 | 47 days | 1,753 sqft |
| 2022-09-01 | 54 days | 1,757 sqft |
| 2022-10-01 | 67 days | 1,770 sqft |
| 2022-11-01 | 73 days | 1,766 sqft |
| 2022-12-01 | 63 days | 1,741 sqft |
| 2023-01-01 | 59 days | 1,732 sqft |
| 2023-02-01 | 50 days | 1,727 sqft |
| 2023-03-01 | 45 days | 1,737 sqft |
| 2023-04-01 | 47 days | 1,735 sqft |
| 2023-05-01 | 54 days | 1,734 sqft |
| 2023-06-01 | 58 days | 1,722 sqft |
| 2023-07-01 | 65 days | 1,725 sqft |
| 2023-08-01 | 66 days | 1,732 sqft |
| 2023-09-01 | 66 days | 1,729 sqft |
| 2023-10-01 | 61 days | 1,736 sqft |
| 2023-11-01 | 60 days | 1,742 sqft |
| 2023-12-01 | 66 days | 1,737 sqft |
| 2024-01-01 | 72 days | 1,750 sqft |
| 2024-02-01 | 67 days | 1,748 sqft |
| 2024-03-01 | 64 days | 1,744 sqft |
| 2024-04-01 | 72 days | 1,733 sqft |
| 2024-05-01 | 73 days | 1,726 sqft |
| 2024-06-01 | 79 days | 1,719 sqft |
| 2024-07-01 | 86 days | 1,718 sqft |
| 2024-08-01 | 88 days | 1,712 sqft |
| 2024-09-01 | 83 days | 1,697 sqft |
| 2024-10-01 | 85 days | 1,692 sqft |
| 2024-11-01 | 79 days | 1,695 sqft |
| 2024-12-01 | 73 days | 1,695 sqft |
| 2025-01-01 | 71 days | 1,700 sqft |
| 2025-02-01 | 72 days | 1,702 sqft |
| 2025-03-01 | 72 days | 1,702 sqft |
| 2025-04-01 | 81 days | 1,702 sqft |
Cape Coral's median square footage for active listings during the 2025-04-01 period was 1,702 sqft. One year prior, the average listing was 1,733 sqft.