Clinton FHA Loan Rates, Closing Costs & Stats
Clinton, IA
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.
Clinton's 24 lenders originated 88 FHA loans during 2023. The total origination value was $12,610,000, with an average FHA loan value of $143,295.
Clinton FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Clinton
averaged
6.14%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
Clinton's average FHA mortgage closing costs are $5,479.
The average rate for the prior week (2024-10-04) was
5.86% and
one month ago for the week of 2024-09-06, the
average rate was 6.18%.
The average rate one year ago was 7.31%.
For refis of the same type during the week of 2024-10-11, the average rate
was 5.9%.
Clinton 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 Clinton level.
The top Clinton FHA lender as defined by loan originations is HOMESIDE FINANCIAL, LLC, with
20 FHA loans originated. Their average total fees are
$6,803, which is $1,195
lower than the next largest lender,
BROKER SOLUTIONS, INC..
The lowest fee Clinton FHA lenders (with over 10 loans originated) are
HOMESIDE FINANCIAL, LLC ($6,803), QUICKEN LOANS, LLC ($6,936), BROKER SOLUTIONS, INC. ($7,998), .
The lowest rate Clinton FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.52%), BROKER SOLUTIONS, INC. (6.91%), HOMESIDE FINANCIAL, LLC (6.93%), .
Clinton FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
CLINTON, IA | CLINTON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
CLINTON, IA | CLINTON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Clinton (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 | $85,000 (-3.5%) | $111,817 (0.5%) | 0.00 | 214 |
2018-02-01 | $84,975 (0.0%) | $108,340 (0.0%) | 0.00 | 218 |
2018-03-01 | $85,000 (0.1%) | $109,243 (1.9%) | 0.00 | 207 |
2018-04-01 | $83,475 (4.5%) | $109,863 (5.8%) | 0.00 | 221 |
2018-05-01 | $82,500 (3.3%) | $115,253 (8.5%) | 0.00 | 233 |
2018-06-01 | $79,900 (0.0%) | $113,562 (8.1%) | 0.00 | 224 |
2018-07-01 | $88,625 (10.8%) | $127,417 (15.1%) | 0.00 | 232 |
2018-08-01 | $89,900 (12.5%) | $121,559 (7.6%) | 0.00 | 240 |
2018-09-01 | $89,900 (12.5%) | $120,900 (7.2%) | 0.00 | 224 |
2018-10-01 | $84,425 (5.6%) | $120,141 (5.7%) | 0.00 | 213 |
2018-11-01 | $85,000 (3.9%) | $123,865 (9.0%) | 0.00 | 210 |
2018-12-01 | $89,900 (5.8%) | $129,470 (12.2%) | 0.00 | 190 |
2019-01-01 | $89,925 (5.8%) | $130,200 (16.4%) | 0.00 | 185 |
2019-02-01 | $87,250 (2.7%) | $128,401 (18.5%) | 0.00 | 170 |
2019-03-01 | $96,021 (13.0%) | $130,849 (19.8%) | 0.00 | 168 |
2019-04-01 | $107,771 (29.1%) | $132,412 (20.5%) | 0.00 | 168 |
2019-05-01 | $81,000 (-1.8%) | $115,732 (0.4%) | 0.00 | 186 |
2019-06-01 | $79,900 (0.0%) | $112,880 (-0.6%) | 0.00 | 205 |
2019-07-01 | $81,300 (-8.3%) | $114,950 (-9.8%) | 0.00 | 211 |
2019-08-01 | $81,973 (-8.8%) | $118,150 (-2.8%) | 0.00 | 224 |
2019-09-01 | $85,082 (-5.4%) | $117,239 (-3.0%) | 0.00 | 232 |
2019-10-01 | $85,855 (1.7%) | $116,631 (-2.9%) | 0.00 | 233 |
2019-11-01 | $81,500 (-4.1%) | $118,057 (-4.7%) | 0.00 | 221 |
2019-12-01 | $81,900 (-8.9%) | $116,603 (-9.9%) | 0.00 | 194 |
2020-01-01 | $75,200 (-16.4%) | $110,055 (-15.5%) | 0.00 | 176 |
2020-02-01 | $79,900 (-8.4%) | $119,729 (-6.8%) | 0.00 | 165 |
2020-03-01 | $74,800 (-22.1%) | $118,955 (-9.1%) | 0.00 | 170 |
2020-04-01 | $73,700 (-31.6%) | $118,647 (-10.4%) | 0.00 | 177 |
2020-05-01 | $74,900 (-7.5%) | $123,162 (6.4%) | 0.00 | 172 |
2020-06-01 | $80,250 (0.4%) | $131,873 (16.8%) | 0.00 | 171 |
2020-07-01 | $76,950 (-5.4%) | $128,141 (11.5%) | 0.00 | 158 |
2020-08-01 | $75,000 (-8.5%) | $115,102 (-2.6%) | 0.00 | 151 |
2020-09-01 | $78,475 (-7.8%) | $115,620 (-1.4%) | 0.00 | 139 |
2020-10-01 | $79,900 (-6.9%) | $113,341 (-2.8%) | 0.00 | 142 |
2020-11-01 | $78,625 (-3.5%) | $113,311 (-4.0%) | 0.00 | 142 |
2020-12-01 | $78,250 (-4.5%) | $105,457 (-9.6%) | 0.00 | 135 |
2021-01-01 | $71,950 (-4.3%) | $102,186 (-7.2%) | 0.00 | 124 |
2021-02-01 | $68,125 (-14.7%) | $107,038 (-10.6%) | 0.00 | 114 |
2021-03-01 | $60,625 (-19.0%) | $97,544 (-18.0%) | 0.00 | 91 |
2021-04-01 | $62,500 (-15.2%) | $100,926 (-14.9%) | 0.00 | 68 |
2021-05-01 | $62,500 (-16.6%) | $88,768 (-27.9%) | 0.00 | 62 |
2021-06-01 | $74,900 (-6.7%) | $114,954 (-12.8%) | 0.00 | 79 |
2021-07-01 | $79,900 (3.8%) | $127,056 (-0.9%) | 0.00 | 86 |
2021-08-01 | $83,975 (12.0%) | $130,889 (13.7%) | 0.00 | 87 |
2021-09-01 | $99,675 (27.0%) | $151,431 (31.0%) | 0.00 | 91 |
2021-10-01 | $98,900 (23.8%) | $150,059 (32.4%) | 0.00 | 102 |
2021-11-01 | $119,600 (52.1%) | $182,405 (61.0%) | 0.00 | 111 |
2021-12-01 | $129,225 (65.1%) | $189,963 (80.1%) | 0.00 | 107 |
2022-01-01 | $127,350 (77.0%) | $193,656 (89.5%) | 0.00 | 93 |
2022-02-01 | $114,700 (68.4%) | $191,489 (78.9%) | 0.00 | 89 |
2022-03-01 | $137,425 (126.7%) | $201,796 (106.9%) | 0.00 | 83 |
2022-04-01 | $155,450 (148.7%) | $211,343 (109.4%) | 0.00 | 73 |
2022-05-01 | $143,700 (129.9%) | $216,848 (144.3%) | 0.00 | 77 |
2022-06-01 | $151,400 (102.1%) | $216,461 (88.3%) | 0.00 | 90 |
2022-07-01 | $169,900 (112.6%) | $225,897 (77.8%) | 0.00 | 114 |
2022-08-01 | $165,950 (97.6%) | $226,287 (72.9%) | 0.00 | 119 |
2022-09-01 | $175,500 (76.1%) | $229,866 (51.8%) | 0.00 | 130 |
2022-10-01 | $164,950 (66.8%) | $220,645 (47.0%) | 0.00 | 135 |
2022-11-01 | $159,925 (33.7%) | $221,500 (21.4%) | 0.00 | 131 |
2022-12-01 | $169,900 (31.5%) | $218,574 (15.1%) | 0.00 | 120 |
2023-01-01 | $170,650 (34.0%) | $223,233 (15.3%) | 0.00 | 104 |
2023-02-01 | $185,700 (61.9%) | $226,432 (18.3%) | 0.00 | 97 |
2023-03-01 | $220,000 (60.1%) | $235,215 (16.6%) | 0.00 | 90 |
2023-04-01 | $274,900 (76.8%) | $261,651 (23.8%) | 0.00 | 72 |
2023-05-01 | $257,400 (79.1%) | $255,595 (17.9%) | 0.00 | 79 |
2023-06-01 | $224,750 (48.5%) | $243,383 (12.4%) | 0.00 | 89 |
2023-07-01 | $234,900 (38.3%) | $243,819 (7.9%) | 0.00 | 100 |
2023-08-01 | $207,400 (25.0%) | $237,770 (5.1%) | 0.00 | 109 |
2023-09-01 | $199,450 (13.7%) | $231,337 (0.6%) | 0.00 | 107 |
2023-10-01 | $168,670 (2.3%) | $217,068 (-1.6%) | 0.00 | 117 |
2023-11-01 | $176,200 (10.2%) | $225,048 (1.6%) | 0.00 | 120 |
2023-12-01 | $184,900 (8.8%) | $229,103 (4.8%) | 0.00 | 114 |
2024-01-01 | $212,450 (24.5%) | $247,153 (10.7%) | 0.00 | 101 |
2024-02-01 | $225,250 (21.3%) | $251,493 (11.1%) | 0.00 | 96 |
2024-03-01 | $224,900 (2.2%) | $256,435 (9.0%) | 0.00 | 88 |
2024-04-01 | $226,225 (-17.7%) | $259,375 (-0.9%) | 0.00 | 90 |
2024-05-01 | $237,400 (-7.8%) | $271,286 (6.1%) | 0.00 | 98 |
2024-06-01 | $229,900 (2.3%) | $278,759 (14.5%) | 0.00 | 98 |
2024-07-01 | $219,617 (-6.5%) | $265,686 (9.0%) | 0.00 | 114 |
2024-08-01 | $209,900 (1.2%) | $262,145 (10.3%) | 0.00 | 122 |
2024-09-01 | $193,500 (-3.0%) | $243,892 (5.4%) | 0.00 | 122 |
Clinton's median listing price comes in at 0% of the national average.
Clinton's average listing price for 2024-09-01 was $243,892, a difference of $12,555 (5.4%) versus the prior year and $-18,253 versus the prior month.
For the 2024-09-01 period, Clinton had 122 MLS listings, a difference of 0 listings (0%) versus the prior month and 15 listings (14%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Clinton (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,482 sqft |
2018-02-01 | 0 days | 1,454 sqft |
2018-03-01 | 0 days | 1,497 sqft |
2018-04-01 | 0 days | 1,448 sqft |
2018-05-01 | 0 days | 1,460 sqft |
2018-06-01 | 0 days | 1,478 sqft |
2018-07-01 | 0 days | 1,488 sqft |
2018-08-01 | 0 days | 1,458 sqft |
2018-09-01 | 0 days | 1,460 sqft |
2018-10-01 | 0 days | 1,458 sqft |
2018-11-01 | 0 days | 1,478 sqft |
2018-12-01 | 0 days | 1,467 sqft |
2019-01-01 | 0 days | 1,456 sqft |
2019-02-01 | 0 days | 1,450 sqft |
2019-03-01 | 0 days | 1,425 sqft |
2019-04-01 | 0 days | 1,445 sqft |
2019-05-01 | 0 days | 1,329 sqft |
2019-06-01 | 0 days | 1,330 sqft |
2019-07-01 | 0 days | 1,428 sqft |
2019-08-01 | 0 days | 1,439 sqft |
2019-09-01 | 0 days | 1,460 sqft |
2019-10-01 | 0 days | 1,476 sqft |
2019-11-01 | 0 days | 1,476 sqft |
2019-12-01 | 0 days | 1,461 sqft |
2020-01-01 | 0 days | 1,408 sqft |
2020-02-01 | 0 days | 1,442 sqft |
2020-03-01 | 0 days | 1,408 sqft |
2020-04-01 | 0 days | 1,408 sqft |
2020-05-01 | 0 days | 1,442 sqft |
2020-06-01 | 0 days | 1,479 sqft |
2020-07-01 | 0 days | 1,479 sqft |
2020-08-01 | 0 days | 1,476 sqft |
2020-09-01 | 0 days | 1,476 sqft |
2020-10-01 | 0 days | 1,476 sqft |
2020-11-01 | 0 days | 1,468 sqft |
2020-12-01 | 0 days | 1,476 sqft |
2021-01-01 | 0 days | 1,476 sqft |
2021-02-01 | 0 days | 1,469 sqft |
2021-03-01 | 0 days | 1,401 sqft |
2021-04-01 | 0 days | 1,380 sqft |
2021-05-01 | 0 days | 1,382 sqft |
2021-06-01 | 0 days | 1,482 sqft |
2021-07-01 | 0 days | 1,544 sqft |
2021-08-01 | 0 days | 1,525 sqft |
2021-09-01 | 0 days | 1,598 sqft |
2021-10-01 | 0 days | 1,546 sqft |
2021-11-01 | 0 days | 1,582 sqft |
2021-12-01 | 0 days | 1,582 sqft |
2022-01-01 | 0 days | 1,582 sqft |
2022-02-01 | 0 days | 1,581 sqft |
2022-03-01 | 0 days | 1,582 sqft |
2022-04-01 | 0 days | 1,569 sqft |
2022-05-01 | 0 days | 1,582 sqft |
2022-06-01 | 0 days | 1,582 sqft |
2022-07-01 | 0 days | 1,582 sqft |
2022-08-01 | 0 days | 1,582 sqft |
2022-09-01 | 0 days | 1,582 sqft |
2022-10-01 | 0 days | 1,582 sqft |
2022-11-01 | 0 days | 1,582 sqft |
2022-12-01 | 0 days | 1,582 sqft |
2023-01-01 | 0 days | 1,582 sqft |
2023-02-01 | 0 days | 1,582 sqft |
2023-03-01 | 0 days | 1,582 sqft |
2023-04-01 | 0 days | 1,582 sqft |
2023-05-01 | 0 days | 1,582 sqft |
2023-06-01 | 0 days | 1,582 sqft |
2023-07-01 | 0 days | 1,582 sqft |
2023-08-01 | 0 days | 1,582 sqft |
2023-09-01 | 0 days | 1,582 sqft |
2023-10-01 | 0 days | 1,582 sqft |
2023-11-01 | 0 days | 1,582 sqft |
2023-12-01 | 0 days | 1,582 sqft |
2024-01-01 | 0 days | 1,610 sqft |
2024-02-01 | 0 days | 1,648 sqft |
2024-03-01 | 0 days | 1,715 sqft |
2024-04-01 | 0 days | 1,729 sqft |
2024-05-01 | 0 days | 1,812 sqft |
2024-06-01 | 0 days | 1,827 sqft |
2024-07-01 | 0 days | 1,812 sqft |
2024-08-01 | 0 days | 1,740 sqft |
2024-09-01 | 0 days | 1,710 sqft |
Clinton's median square footage for active listings during the 2024-09-01 period was 1,710 sqft. One year prior, the average listing was 1,582 sqft.