Casper FHA Loan Rates, Closing Costs & Stats

CASPER, WY

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.

Casper's 42 lenders originated 416 FHA loans during 2023. The total origination value was $104,840,000, with an average FHA loan value of $252,019.

Casper FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Casper averaged -0.11% for the week of 2024-11-29, compared to the national average (all FHA variants) of 0% for the same period.

Casper's average FHA mortgage closing costs are $6,799.

The average rate for the prior week (2024-11-22) was 6.28% and one month ago for the week of 2024-10-25, the average rate was 5.86%.

The average rate one year ago was 6.85%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.1%.

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

Casper 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 Casper level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Wallick & Volk, Inc. 96 6.22% $9,393
GUILD MORTGAGE COMPANY 60 6.30% $10,040
CROSSCOUNTRY MORTGAGE, LLC 22 6.21% $11,172
QUICKEN LOANS, LLC 21 6.28% $11,452
PRIMARY RESIDENTIAL MORTGAGE, INC. 20 6.19% $11,203
NEWREZ LLC 15 6.31% $10,412
CHERRY CREEK MORTGAGE, LLC 13 6.17% $3,457
MOVEMENT MORTGAGE, LLC 10 6.46% $12,320
ON Q FINANCIAL, INC. 9 6.11% $14,936
Gateway First Bank 6 6.71% $7,775
First Interstate Bank 6 6.04% $13,038
UNITED WHOLESALE MORTGAGE, LLC 5 6.85% $9,764
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 7.38% $9,934
Jonah Bank of Wyoming 4 5.88% $10,828
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.72% $10,179
AMERISAVE MORTGAGE CORPORATION 3 7.00% $13,470
PENNYMAC LOAN SERVICES, LLC 3 5.75% $13,118
Glacier Bank 3 7.17% $9,953
LOANDEPOT.COM, LLC 3 6.16% $14,364
AMERICAN FINANCING CORPORATION 2 5.94% $13,340
LAKEVIEW LOAN SERVICING, LLC 2 5.75% $15,615
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.00% $20,066
AmRes Corporation 2 5.81% $14,719
PARTNERS UNITED FINANCIAL, LLC 2 6.56% $19,042
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.63% $11,179
TJC Mortgage, Inc. 1 5.25% $18,164
AmeriHome Mortgage Company, LLC 1 6.13% $9,280
BROKER SOLUTIONS, INC. 1 6.25% $12,999
Carrington Mortgage Services, LLC 1 5.75% $7,389
CMG MORTGAGE, INC. 1 7.63% $13,058
Equity Prime Mortgage LLC 1 6.25% $11,133
EVERETT FINANCIAL, INC. 1 6.63% $15,911
First National Bank of Omaha 1 5.63% $12,436
Mortgage Research Center, LLC 1 6.13% $7,903
Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $12,854
OPEN MORTGAGE, LLC 1 7.00% $10,977
Pinnacle Bank - Wyoming 1 5.88% $11,025
T2 FINANCIAL LLC 1 7.38% $12,804
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $6,161
Unify Home Lending Inc. 1 5.75% $11,516
UNIVERSAL LENDING CORPORATION 1 7.25% $13,163
VERITAS FUNDING, LLC 1 6.63% $14,466

The top Casper FHA lender as defined by loan originations is Wallick & Volk, Inc., with 96 FHA loans originated. Their average total fees are $9,393, which is $647 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Casper FHA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($3,457), Wallick & Volk, Inc. ($9,393), GUILD MORTGAGE COMPANY ($10,040), NEWREZ LLC ($10,412) and CROSSCOUNTRY MORTGAGE, LLC ($11,172).

The lowest rate Casper FHA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC (6.17%), PRIMARY RESIDENTIAL MORTGAGE, INC. (6.19%), CROSSCOUNTRY MORTGAGE, LLC (6.21%), Wallick & Volk, Inc. (6.22%) and QUICKEN LOANS, LLC (6.28%).

Casper FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
CASPER, WY NATRONA 2022 $420,680 $538,650 $651,050 $809,150
CASPER, WY NATRONA 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Casper (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 $225,000 (0.0%) $265,867 (3.0%) 0.00 398
2018-02-01 $233,725 (9.2%) $270,838 (5.8%) 0.00 375
2018-03-01 $250,000 (13.0%) $276,563 (6.6%) 0.00 405
2018-04-01 $259,500 (15.4%) $285,953 (7.4%) 0.00 414
2018-05-01 $265,900 (16.1%) $295,439 (8.7%) 0.00 440
2018-06-01 $267,400 (16.3%) $301,150 (12.5%) 0.00 462
2018-07-01 $266,925 (16.1%) $303,896 (12.6%) 0.00 474
2018-08-01 $265,675 (15.8%) $303,381 (12.7%) 0.00 473
2018-09-01 $267,900 (16.5%) $299,556 (12.0%) 0.00 464
2018-10-01 $267,050 (12.7%) $297,798 (9.1%) 0.00 442
2018-11-01 $256,450 (11.2%) $297,861 (11.0%) 0.00 416
2018-12-01 $250,000 (6.4%) $295,741 (11.2%) 0.00 383
2019-01-01 $245,600 (9.2%) $287,411 (8.1%) 0.00 334
2019-02-01 $239,600 (2.5%) $276,223 (2.0%) 0.00 324
2019-03-01 $244,243 (-2.3%) $277,431 (0.3%) 0.00 317
2019-04-01 $248,193 (-4.4%) $281,597 (-1.5%) 0.00 303
2019-05-01 $245,000 (-7.9%) $285,346 (-3.4%) 0.00 274
2019-06-01 $249,900 (-6.5%) $295,145 (-2.0%) 0.00 283
2019-07-01 $240,950 (-9.7%) $291,964 (-3.9%) 0.00 304
2019-08-01 $233,818 (-12.0%) $285,502 (-5.9%) 0.00 308
2019-09-01 $226,045 (-15.6%) $280,359 (-6.4%) 0.00 311
2019-10-01 $220,000 (-17.6%) $275,779 (-7.4%) 0.00 309
2019-11-01 $216,950 (-15.4%) $273,958 (-8.0%) 0.00 254
2019-12-01 $221,175 (-11.5%) $279,529 (-5.5%) 0.00 222
2020-01-01 $228,750 (-6.9%) $285,029 (-0.8%) 0.00 201
2020-02-01 $239,750 (0.1%) $289,182 (4.7%) 0.00 191
2020-03-01 $247,450 (1.3%) $297,549 (7.3%) 0.00 190
2020-04-01 $264,700 (6.7%) $312,032 (10.8%) 0.00 221
2020-05-01 $265,000 (8.2%) $301,688 (5.7%) 0.00 228
2020-06-01 $273,975 (9.6%) $322,286 (9.2%) 0.00 215
2020-07-01 $282,795 (17.4%) $322,801 (10.6%) 0.00 235
2020-08-01 $287,000 (22.7%) $333,468 (16.8%) 0.00 249
2020-09-01 $287,325 (27.1%) $344,181 (22.8%) 0.00 256
2020-10-01 $279,000 (26.8%) $333,595 (21.0%) 0.00 261
2020-11-01 $266,750 (23.0%) $327,891 (19.7%) 0.00 264
2020-12-01 $269,225 (21.7%) $328,304 (17.5%) 0.00 222
2021-01-01 $265,000 (15.9%) $331,038 (16.1%) 0.00 195
2021-02-01 $271,250 (13.1%) $348,767 (20.6%) 0.00 157
2021-03-01 $286,000 (15.6%) $357,746 (20.2%) 0.00 131
2021-04-01 $304,783 (15.1%) $399,725 (28.1%) 0.00 111
2021-05-01 $315,000 (18.9%) $395,210 (31.0%) 0.00 114
2021-06-01 $300,000 (9.5%) $393,946 (22.2%) 0.00 143
2021-07-01 $282,450 (-0.1%) $361,191 (11.9%) 0.00 178
2021-08-01 $292,500 (1.9%) $364,120 (9.2%) 0.00 192
2021-09-01 $272,000 (-5.3%) $425,383 (23.6%) 0.00 184
2021-10-01 $262,450 (-5.9%) $366,448 (9.9%) 0.00 168
2021-11-01 $255,950 (-4.1%) $339,607 (3.6%) 0.00 136
2021-12-01 $255,950 (-4.9%) $349,525 (6.5%) 0.00 128
2022-01-01 $267,500 (0.9%) $368,259 (11.2%) 0.00 100
2022-02-01 $299,750 (10.5%) $443,016 (27.0%) 0.00 76
2022-03-01 $351,250 (22.8%) $461,353 (29.0%) 0.00 79
2022-04-01 $370,000 (21.4%) $454,433 (13.7%) 0.00 82
2022-05-01 $344,925 (9.5%) $448,359 (13.5%) 0.00 95
2022-06-01 $346,175 (15.4%) $420,791 (6.8%) 0.00 137
2022-07-01 $349,500 (23.7%) $427,464 (18.4%) 0.00 171
2022-08-01 $349,500 (19.5%) $428,109 (17.6%) 0.00 196
2022-09-01 $349,500 (28.5%) $426,621 (0.3%) 0.00 199
2022-10-01 $364,950 (39.1%) $434,324 (18.5%) 0.00 177
2022-11-01 $366,175 (43.1%) $434,534 (28.0%) 0.00 174
2022-12-01 $382,400 (49.4%) $450,919 (29.0%) 0.00 163
2023-01-01 $359,900 (34.5%) $439,604 (19.4%) 0.00 146
2023-02-01 $351,500 (17.3%) $423,154 (-4.5%) 0.00 148
2023-03-01 $385,000 (9.6%) $453,520 (-1.7%) 0.00 128
2023-04-01 $404,100 (9.2%) $504,303 (11.0%) 0.00 130
2023-05-01 $415,875 (20.6%) $529,990 (18.2%) 0.00 134
2023-06-01 $399,450 (15.4%) $491,971 (16.9%) 0.00 153
2023-07-01 $386,150 (10.5%) $471,109 (10.2%) 0.00 162
2023-08-01 $374,500 (7.2%) $462,090 (7.9%) 0.00 190
2023-09-01 $368,500 (5.4%) $463,973 (8.8%) 0.00 205
2023-10-01 $363,450 (-0.4%) $476,326 (9.7%) 0.00 194
2023-11-01 $375,000 (2.4%) $475,802 (9.5%) 0.00 193
2023-12-01 $385,000 (0.7%) $480,382 (6.5%) 0.00 186
2024-01-01 $378,500 (5.2%) $518,548 (18.0%) 0.00 185
2024-02-01 $381,225 (8.5%) $519,122 (22.7%) 0.00 154
2024-03-01 $375,000 (-2.6%) $518,909 (14.4%) 0.00 141
2024-04-01 $369,950 (-8.5%) $521,725 (3.5%) 0.00 139
2024-05-01 $396,725 (-4.6%) $555,775 (4.9%) 0.00 155
2024-06-01 $390,900 (-2.1%) $549,729 (11.7%) 0.00 169
2024-07-01 $379,925 (-1.6%) $539,130 (14.4%) 0.00 187
2024-08-01 $383,450 (2.4%) $519,988 (12.5%) 0.00 213
2024-09-01 $388,363 (5.4%) $529,299 (14.1%) 0.00 220
2024-10-01 $399,600 (10.0%) $557,750 (17.1%) 0.00 204
Casper's median listing price for 2024-10-01 was $399,600, a difference of $36,150 (10.0%) versus the prior year and $11,237 versus the prior month.

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

Casper's average listing price for 2024-10-01 was $557,750, a difference of $81,424 (17.1%) versus the prior year and $28,451 versus the prior month.

For the 2024-10-01 period, Casper had 204 MLS listings, a difference of -16 listings (-7%) versus the prior month and 10 listings (5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Casper (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,208 sqft
2018-02-01 0 days 2,245 sqft
2018-03-01 0 days 2,256 sqft
2018-04-01 0 days 2,303 sqft
2018-05-01 0 days 2,373 sqft
2018-06-01 0 days 2,368 sqft
2018-07-01 0 days 2,353 sqft
2018-08-01 0 days 2,350 sqft
2018-09-01 0 days 2,331 sqft
2018-10-01 0 days 2,328 sqft
2018-11-01 0 days 2,293 sqft
2018-12-01 0 days 2,235 sqft
2019-01-01 0 days 2,180 sqft
2019-02-01 0 days 2,156 sqft
2019-03-01 0 days 2,171 sqft
2019-04-01 0 days 2,162 sqft
2019-05-01 0 days 2,140 sqft
2019-06-01 0 days 2,190 sqft
2019-07-01 0 days 2,125 sqft
2019-08-01 0 days 2,112 sqft
2019-09-01 0 days 2,105 sqft
2019-10-01 0 days 2,101 sqft
2019-11-01 0 days 2,018 sqft
2019-12-01 0 days 2,020 sqft
2020-01-01 0 days 2,031 sqft
2020-02-01 0 days 2,196 sqft
2020-03-01 0 days 2,203 sqft
2020-04-01 0 days 2,285 sqft
2020-05-01 0 days 2,261 sqft
2020-06-01 0 days 2,338 sqft
2020-07-01 0 days 2,363 sqft
2020-08-01 0 days 2,345 sqft
2020-09-01 0 days 2,331 sqft
2020-10-01 0 days 2,315 sqft
2020-11-01 0 days 2,306 sqft
2020-12-01 0 days 2,307 sqft
2021-01-01 0 days 2,300 sqft
2021-02-01 0 days 2,239 sqft
2021-03-01 0 days 2,263 sqft
2021-04-01 0 days 2,348 sqft
2021-05-01 0 days 2,367 sqft
2021-06-01 0 days 2,259 sqft
2021-07-01 0 days 2,206 sqft
2021-08-01 0 days 2,222 sqft
2021-09-01 0 days 2,270 sqft
2021-10-01 0 days 2,119 sqft
2021-11-01 0 days 2,120 sqft
2021-12-01 0 days 2,132 sqft
2022-01-01 0 days 2,221 sqft
2022-02-01 0 days 2,237 sqft
2022-03-01 0 days 2,433 sqft
2022-04-01 0 days 2,491 sqft
2022-05-01 0 days 2,297 sqft
2022-06-01 0 days 2,401 sqft
2022-07-01 0 days 2,408 sqft
2022-08-01 0 days 2,378 sqft
2022-09-01 0 days 2,366 sqft
2022-10-01 0 days 2,408 sqft
2022-11-01 0 days 2,370 sqft
2022-12-01 0 days 2,388 sqft
2023-01-01 0 days 2,340 sqft
2023-02-01 0 days 2,248 sqft
2023-03-01 0 days 2,389 sqft
2023-04-01 0 days 2,515 sqft
2023-05-01 0 days 2,572 sqft
2023-06-01 0 days 2,393 sqft
2023-07-01 0 days 2,392 sqft
2023-08-01 0 days 2,359 sqft
2023-09-01 0 days 2,262 sqft
2023-10-01 0 days 2,260 sqft
2023-11-01 0 days 2,296 sqft
2023-12-01 0 days 2,343 sqft
2024-01-01 0 days 2,339 sqft
2024-02-01 0 days 2,343 sqft
2024-03-01 0 days 2,282 sqft
2024-04-01 0 days 2,193 sqft
2024-05-01 0 days 2,318 sqft
2024-06-01 0 days 2,269 sqft
2024-07-01 0 days 2,265 sqft
2024-08-01 0 days 2,294 sqft
2024-09-01 0 days 2,323 sqft
2024-10-01 0 days 2,395 sqft
Casper's median listing age (time on market) for 2024-10-01 was 0 days.

Casper's median square footage for active listings during the 2024-10-01 period was 2,395 sqft. One year prior, the average listing was 2,260 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).