Carbondale FHA Loan Rates, Closing Costs & Stats
CARBONDALE-MARION, IL
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.
Carbondale's 46 lenders originated 204 FHA loans during 2023. The total origination value was $26,900,000, with an average FHA loan value of $131,863.
Carbondale FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Carbondale
averaged
-0.15%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Carbondale's average FHA mortgage closing costs are $5,494.
The average rate for the prior week (2024-11-22) was
6.64% and
one month ago for the week of 2024-10-25, the
average rate was 6.12%.
The average rate one year ago was 7.01%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.2%.
Carbondale 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 Carbondale level.
The top Carbondale FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
29 FHA loans originated. Their average total fees are
$5,945, which is $389
lower than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Carbondale FHA lenders (with over 10 loans originated) are
FirstTrust Home Loans, Inc. ($5,397), U.S. Bank ($5,733), QUICKEN LOANS, LLC ($5,945), FLAT BRANCH MORTGAGE, INC. ($5,965) and GUILD MORTGAGE COMPANY ($6,334).
The lowest rate Carbondale FHA lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. (6.40%), QUICKEN LOANS, LLC (6.61%), U.S. Bank (6.71%), GUILD MORTGAGE COMPANY (6.74%) and FirstTrust Home Loans, Inc. (6.90%).
Carbondale FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
CARBONDALE-MARION, IL | JACKSON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
CARBONDALE-MARION, IL | JOHNSON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
CARBONDALE-MARION, IL | WILLIAMSON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
CARBONDALE-MARION, IL | JACKSON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
CARBONDALE-MARION, IL | JOHNSON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
CARBONDALE-MARION, IL | WILLIAMSON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Carbondale (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 | $123,200 (4.0%) | $156,992 (1.8%) | 0.00 | 804 |
2018-02-01 | $124,400 (3.7%) | $160,139 (2.0%) | 0.00 | 805 |
2018-03-01 | $124,450 (3.8%) | $157,953 (0.1%) | 0.00 | 843 |
2018-04-01 | $125,750 (-2.5%) | $160,042 (-3.2%) | 0.00 | 857 |
2018-05-01 | $125,750 (-2.8%) | $162,141 (-2.2%) | 0.00 | 860 |
2018-06-01 | $126,000 (-2.4%) | $161,727 (-2.1%) | 0.00 | 866 |
2018-07-01 | $124,900 (-3.9%) | $160,050 (-3.8%) | 0.00 | 868 |
2018-08-01 | $123,250 (-5.1%) | $157,140 (-5.1%) | 0.00 | 868 |
2018-09-01 | $124,500 (-4.2%) | $158,124 (-4.7%) | 0.00 | 879 |
2018-10-01 | $119,950 (-7.7%) | $156,407 (-5.2%) | 0.00 | 875 |
2018-11-01 | $119,700 (-7.5%) | $154,555 (-5.2%) | 0.00 | 849 |
2018-12-01 | $119,900 (-3.3%) | $153,953 (-2.8%) | 0.00 | 823 |
2019-01-01 | $116,100 (-5.8%) | $152,044 (-3.2%) | 0.00 | 783 |
2019-02-01 | $116,750 (-6.2%) | $152,233 (-4.9%) | 0.00 | 772 |
2019-03-01 | $119,143 (-4.3%) | $155,624 (-1.5%) | 0.00 | 768 |
2019-04-01 | $119,900 (-4.7%) | $157,857 (-1.4%) | 0.00 | 773 |
2019-05-01 | $119,700 (-4.8%) | $159,023 (-1.9%) | 0.00 | 793 |
2019-06-01 | $119,900 (-4.8%) | $157,188 (-2.8%) | 0.00 | 811 |
2019-07-01 | $119,961 (-4.0%) | $155,936 (-2.6%) | 0.00 | 838 |
2019-08-01 | $119,927 (-2.7%) | $154,351 (-1.8%) | 0.00 | 828 |
2019-09-01 | $119,968 (-3.6%) | $153,264 (-3.1%) | 0.00 | 819 |
2019-10-01 | $121,500 (1.3%) | $152,756 (-2.3%) | 0.00 | 809 |
2019-11-01 | $124,900 (4.3%) | $152,525 (-1.3%) | 0.00 | 783 |
2019-12-01 | $118,950 (-0.8%) | $148,368 (-3.6%) | 0.00 | 744 |
2020-01-01 | $115,250 (-0.7%) | $149,076 (-2.0%) | 0.00 | 703 |
2020-02-01 | $117,400 (0.6%) | $148,284 (-2.6%) | 0.00 | 719 |
2020-03-01 | $118,950 (-0.2%) | $152,852 (-1.8%) | 0.00 | 718 |
2020-04-01 | $118,200 (-1.4%) | $150,218 (-4.8%) | 0.00 | 711 |
2020-05-01 | $119,900 (0.2%) | $154,721 (-2.7%) | 0.00 | 672 |
2020-06-01 | $116,725 (-2.7%) | $148,199 (-5.7%) | 0.00 | 624 |
2020-07-01 | $119,250 (-0.6%) | $152,145 (-2.4%) | 0.00 | 567 |
2020-08-01 | $114,900 (-4.2%) | $150,892 (-2.2%) | 0.00 | 543 |
2020-09-01 | $114,700 (-4.4%) | $155,961 (1.8%) | 0.00 | 517 |
2020-10-01 | $115,000 (-5.4%) | $156,797 (2.7%) | 0.00 | 478 |
2020-11-01 | $116,575 (-6.7%) | $155,591 (2.0%) | 0.00 | 451 |
2020-12-01 | $110,975 (-6.7%) | $152,755 (3.0%) | 0.00 | 431 |
2021-01-01 | $110,000 (-4.6%) | $155,848 (4.5%) | 0.00 | 392 |
2021-02-01 | $107,338 (-8.6%) | $160,548 (8.3%) | 0.00 | 321 |
2021-03-01 | $116,300 (-2.2%) | $167,891 (9.8%) | 0.00 | 297 |
2021-04-01 | $119,438 (1.1%) | $176,612 (17.6%) | 0.00 | 273 |
2021-05-01 | $114,900 (-4.2%) | $173,943 (12.4%) | 0.00 | 274 |
2021-06-01 | $115,600 (-1.0%) | $181,918 (22.8%) | 0.00 | 280 |
2021-07-01 | $109,950 (-7.8%) | $179,621 (18.1%) | 0.00 | 291 |
2021-08-01 | $102,650 (-10.7%) | $183,159 (21.4%) | 0.00 | 282 |
2021-09-01 | $111,950 (-2.4%) | $194,770 (24.9%) | 0.00 | 299 |
2021-10-01 | $117,500 (2.2%) | $205,965 (31.4%) | 0.00 | 293 |
2021-11-01 | $93,000 (-20.2%) | $200,383 (28.8%) | 0.00 | 280 |
2021-12-01 | $99,250 (-10.6%) | $191,241 (25.2%) | 0.00 | 291 |
2022-01-01 | $91,000 (-17.3%) | $176,813 (13.5%) | 0.00 | 290 |
2022-02-01 | $74,900 (-30.2%) | $161,139 (0.4%) | 0.00 | 314 |
2022-03-01 | $95,625 (-17.8%) | $193,472 (15.2%) | 0.00 | 229 |
2022-04-01 | $119,900 (0.4%) | $221,434 (25.4%) | 0.00 | 225 |
2022-05-01 | $122,475 (6.6%) | $226,793 (30.4%) | 0.00 | 227 |
2022-06-01 | $124,450 (7.7%) | $222,220 (22.2%) | 0.00 | 246 |
2022-07-01 | $131,450 (19.6%) | $218,733 (21.8%) | 0.00 | 286 |
2022-08-01 | $129,600 (26.3%) | $210,562 (15.0%) | 0.00 | 301 |
2022-09-01 | $129,900 (16.0%) | $214,514 (10.1%) | 0.00 | 294 |
2022-10-01 | $124,900 (6.3%) | $196,136 (-4.8%) | 0.00 | 315 |
2022-11-01 | $125,875 (35.4%) | $201,447 (0.5%) | 0.00 | 332 |
2022-12-01 | $123,000 (23.9%) | $208,841 (9.2%) | 0.00 | 302 |
2023-01-01 | $129,600 (42.4%) | $215,286 (21.8%) | 0.00 | 283 |
2023-02-01 | $129,900 (73.4%) | $224,804 (39.5%) | 0.00 | 240 |
2023-03-01 | $129,925 (35.9%) | $227,854 (17.8%) | 0.00 | 216 |
2023-04-01 | $135,000 (12.6%) | $241,054 (8.9%) | 0.00 | 218 |
2023-05-01 | $130,700 (6.7%) | $244,516 (7.8%) | 0.00 | 224 |
2023-06-01 | $152,450 (22.5%) | $262,759 (18.2%) | 0.00 | 225 |
2023-07-01 | $169,000 (28.6%) | $269,247 (23.1%) | 0.00 | 241 |
2023-08-01 | $152,825 (17.9%) | $248,580 (18.1%) | 0.00 | 253 |
2023-09-01 | $157,500 (21.3%) | $244,725 (14.1%) | 0.00 | 273 |
2023-10-01 | $149,900 (20.0%) | $239,489 (22.1%) | 0.00 | 277 |
2023-11-01 | $157,750 (25.3%) | $237,504 (17.9%) | 0.00 | 275 |
2023-12-01 | $148,000 (20.3%) | $222,529 (6.6%) | 0.00 | 276 |
2024-01-01 | $139,000 (7.3%) | $217,630 (1.1%) | 0.00 | 276 |
2024-02-01 | $137,750 (6.0%) | $216,800 (-3.6%) | 0.00 | 295 |
2024-03-01 | $132,450 (1.9%) | $216,537 (-5.0%) | 0.00 | 281 |
2024-04-01 | $137,975 (2.2%) | $222,906 (-7.5%) | 0.00 | 293 |
2024-05-01 | $147,100 (12.6%) | $225,214 (-7.9%) | 0.00 | 293 |
2024-06-01 | $145,500 (-4.6%) | $224,956 (-14.4%) | 0.00 | 309 |
2024-07-01 | $162,450 (-3.9%) | $233,373 (-13.3%) | 0.00 | 330 |
2024-08-01 | $180,000 (17.8%) | $245,275 (-1.3%) | 0.00 | 334 |
2024-09-01 | $189,475 (20.3%) | $252,644 (3.2%) | 0.00 | 317 |
2024-10-01 | $194,250 (29.6%) | $257,691 (7.6%) | 0.00 | 337 |
Carbondale's median listing price comes in at 0% of the national average.
Carbondale's average listing price for 2024-10-01 was $257,691, a difference of $18,202 (7.6%) versus the prior year and $5,047 versus the prior month.
For the 2024-10-01 period, Carbondale had 337 MLS listings, a difference of 20 listings (6%) versus the prior month and 60 listings (22%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Carbondale (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,696 sqft |
2018-02-01 | 0 days | 1,690 sqft |
2018-03-01 | 0 days | 1,700 sqft |
2018-04-01 | 0 days | 1,717 sqft |
2018-05-01 | 0 days | 1,728 sqft |
2018-06-01 | 0 days | 1,728 sqft |
2018-07-01 | 0 days | 1,700 sqft |
2018-08-01 | 0 days | 1,677 sqft |
2018-09-01 | 0 days | 1,700 sqft |
2018-10-01 | 0 days | 1,683 sqft |
2018-11-01 | 0 days | 1,699 sqft |
2018-12-01 | 0 days | 1,673 sqft |
2019-01-01 | 0 days | 1,651 sqft |
2019-02-01 | 0 days | 1,632 sqft |
2019-03-01 | 0 days | 1,653 sqft |
2019-04-01 | 0 days | 1,680 sqft |
2019-05-01 | 0 days | 1,685 sqft |
2019-06-01 | 0 days | 1,664 sqft |
2019-07-01 | 0 days | 1,667 sqft |
2019-08-01 | 0 days | 1,642 sqft |
2019-09-01 | 0 days | 1,630 sqft |
2019-10-01 | 0 days | 1,621 sqft |
2019-11-01 | 0 days | 1,617 sqft |
2019-12-01 | 0 days | 1,600 sqft |
2020-01-01 | 0 days | 1,599 sqft |
2020-02-01 | 0 days | 1,570 sqft |
2020-03-01 | 0 days | 1,600 sqft |
2020-04-01 | 0 days | 1,594 sqft |
2020-05-01 | 0 days | 1,600 sqft |
2020-06-01 | 0 days | 1,591 sqft |
2020-07-01 | 0 days | 1,603 sqft |
2020-08-01 | 0 days | 1,540 sqft |
2020-09-01 | 0 days | 1,557 sqft |
2020-10-01 | 0 days | 1,550 sqft |
2020-11-01 | 0 days | 1,565 sqft |
2020-12-01 | 0 days | 1,500 sqft |
2021-01-01 | 0 days | 1,498 sqft |
2021-02-01 | 0 days | 1,491 sqft |
2021-03-01 | 0 days | 1,501 sqft |
2021-04-01 | 0 days | 1,548 sqft |
2021-05-01 | 0 days | 1,550 sqft |
2021-06-01 | 0 days | 1,559 sqft |
2021-07-01 | 0 days | 1,509 sqft |
2021-08-01 | 0 days | 1,517 sqft |
2021-09-01 | 0 days | 1,503 sqft |
2021-10-01 | 0 days | 1,545 sqft |
2021-11-01 | 0 days | 1,413 sqft |
2021-12-01 | 0 days | 1,418 sqft |
2022-01-01 | 0 days | 1,402 sqft |
2022-02-01 | 0 days | 1,263 sqft |
2022-03-01 | 0 days | 1,360 sqft |
2022-04-01 | 0 days | 1,524 sqft |
2022-05-01 | 0 days | 1,500 sqft |
2022-06-01 | 0 days | 1,482 sqft |
2022-07-01 | 0 days | 1,568 sqft |
2022-08-01 | 0 days | 1,570 sqft |
2022-09-01 | 0 days | 1,551 sqft |
2022-10-01 | 0 days | 1,520 sqft |
2022-11-01 | 0 days | 1,544 sqft |
2022-12-01 | 0 days | 1,522 sqft |
2023-01-01 | 0 days | 1,546 sqft |
2023-02-01 | 0 days | 1,536 sqft |
2023-03-01 | 0 days | 1,536 sqft |
2023-04-01 | 0 days | 1,555 sqft |
2023-05-01 | 0 days | 1,578 sqft |
2023-06-01 | 0 days | 1,626 sqft |
2023-07-01 | 0 days | 1,656 sqft |
2023-08-01 | 0 days | 1,670 sqft |
2023-09-01 | 0 days | 1,640 sqft |
2023-10-01 | 0 days | 1,626 sqft |
2023-11-01 | 0 days | 1,611 sqft |
2023-12-01 | 0 days | 1,588 sqft |
2024-01-01 | 0 days | 1,588 sqft |
2024-02-01 | 0 days | 1,592 sqft |
2024-03-01 | 0 days | 1,608 sqft |
2024-04-01 | 0 days | 1,599 sqft |
2024-05-01 | 0 days | 1,672 sqft |
2024-06-01 | 0 days | 1,639 sqft |
2024-07-01 | 0 days | 1,674 sqft |
2024-08-01 | 0 days | 1,664 sqft |
2024-09-01 | 0 days | 1,676 sqft |
2024-10-01 | 0 days | 1,685 sqft |
Carbondale's median square footage for active listings during the 2024-10-01 period was 1,685 sqft. One year prior, the average listing was 1,626 sqft.