Coldwater FHA Loan Rates, Closing Costs & Stats
Coldwater, MI
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.
Coldwater's 28 lenders originated 81 FHA loans during 2023. The total origination value was $13,605,000, with an average FHA loan value of $167,963.
Coldwater FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Coldwater
averaged
0.1%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Coldwater's average FHA mortgage closing costs are $6,299.
The average rate for the prior week (2024-11-22) was
6.79% and
one month ago for the week of 2024-10-25, the
average rate was 6.57%.
The average rate one year ago was 7.36%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0%.
Coldwater 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 Coldwater level.
The top Coldwater FHA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with
11 FHA loans originated. Their average total fees are
$9,439, which is $309
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Coldwater FHA lenders (with over 10 loans originated) are
UNION HOME MORTGAGE CORP. ($9,439), .
The lowest rate Coldwater FHA lenders (with over 10 loans originated) are
UNION HOME MORTGAGE CORP. (7.00%), .
Coldwater FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
COLDWATER, MI | BRANCH | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
COLDWATER, MI | BRANCH | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Coldwater (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 | $129,950 (-10.9%) | $209,615 (11.6%) | 0.00 | 156 |
2018-02-01 | $140,650 (-5.1%) | $223,001 (9.0%) | 0.00 | 158 |
2018-03-01 | $149,450 (-0.3%) | $211,120 (-3.6%) | 0.00 | 152 |
2018-04-01 | $153,400 (2.3%) | $213,727 (-4.0%) | 0.00 | 160 |
2018-05-01 | $158,400 (5.7%) | $213,840 (-3.7%) | 0.00 | 166 |
2018-06-01 | $161,000 (7.7%) | $213,599 (-0.3%) | 0.00 | 166 |
2018-07-01 | $160,950 (7.4%) | $212,392 (0.1%) | 0.00 | 179 |
2018-08-01 | $160,825 (3.8%) | $212,195 (-0.3%) | 0.00 | 177 |
2018-09-01 | $152,000 (1.4%) | $208,986 (-2.0%) | 0.00 | 167 |
2018-10-01 | $161,950 (10.0%) | $205,084 (-1.0%) | 0.00 | 159 |
2018-11-01 | $157,000 (5.6%) | $197,705 (-6.7%) | 0.00 | 164 |
2018-12-01 | $149,900 (6.5%) | $190,658 (-8.4%) | 0.00 | 166 |
2019-01-01 | $145,425 (11.9%) | $199,822 (-4.7%) | 0.00 | 145 |
2019-02-01 | $136,900 (-2.7%) | $198,104 (-11.2%) | 0.00 | 140 |
2019-03-01 | $141,943 (-5.0%) | $200,151 (-5.2%) | 0.00 | 132 |
2019-04-01 | $148,993 (-2.9%) | $204,809 (-4.2%) | 0.00 | 133 |
2019-05-01 | $160,225 (1.2%) | $222,805 (4.2%) | 0.00 | 131 |
2019-06-01 | $159,900 (-0.7%) | $223,954 (4.9%) | 0.00 | 158 |
2019-07-01 | $156,625 (-2.7%) | $217,516 (2.4%) | 0.00 | 164 |
2019-08-01 | $148,564 (-7.6%) | $210,365 (-0.9%) | 0.00 | 165 |
2019-09-01 | $146,559 (-3.6%) | $208,875 (-0.1%) | 0.00 | 166 |
2019-10-01 | $144,975 (-10.5%) | $205,583 (0.2%) | 0.00 | 165 |
2019-11-01 | $139,900 (-10.9%) | $199,273 (0.8%) | 0.00 | 161 |
2019-12-01 | $138,613 (-7.5%) | $205,432 (7.8%) | 0.00 | 161 |
2020-01-01 | $139,450 (-4.1%) | $206,607 (3.4%) | 0.00 | 163 |
2020-02-01 | $139,900 (2.2%) | $211,958 (7.0%) | 0.00 | 169 |
2020-03-01 | $149,000 (5.0%) | $225,414 (12.6%) | 0.00 | 158 |
2020-04-01 | $146,000 (-2.0%) | $237,143 (15.8%) | 0.00 | 144 |
2020-05-01 | $156,500 (-2.3%) | $248,078 (11.3%) | 0.00 | 139 |
2020-06-01 | $149,800 (-6.3%) | $249,355 (11.3%) | 0.00 | 119 |
2020-07-01 | $161,150 (2.9%) | $256,894 (18.1%) | 0.00 | 112 |
2020-08-01 | $159,900 (7.6%) | $270,220 (28.5%) | 0.00 | 93 |
2020-09-01 | $159,900 (9.1%) | $286,437 (37.1%) | 0.00 | 81 |
2020-10-01 | $179,900 (24.1%) | $278,581 (35.5%) | 0.00 | 79 |
2020-11-01 | $179,900 (28.6%) | $274,698 (37.9%) | 0.00 | 79 |
2020-12-01 | $179,900 (29.8%) | $274,044 (33.4%) | 0.00 | 87 |
2021-01-01 | $159,900 (14.7%) | $267,224 (29.3%) | 0.00 | 82 |
2021-02-01 | $174,900 (25.0%) | $293,856 (38.6%) | 0.00 | 65 |
2021-03-01 | $197,425 (32.5%) | $314,868 (39.7%) | 0.00 | 54 |
2021-04-01 | $179,450 (22.9%) | $319,652 (34.8%) | 0.00 | 42 |
2021-05-01 | $179,500 (14.7%) | $299,847 (20.9%) | 0.00 | 45 |
2021-06-01 | $182,500 (21.8%) | $303,049 (21.5%) | 0.00 | 58 |
2021-07-01 | $177,000 (9.8%) | $300,735 (17.1%) | 0.00 | 60 |
2021-08-01 | $177,875 (11.2%) | $304,801 (12.8%) | 0.00 | 64 |
2021-09-01 | $168,600 (5.4%) | $267,710 (-6.5%) | 0.00 | 66 |
2021-10-01 | $179,000 (-0.5%) | $303,323 (8.9%) | 0.00 | 65 |
2021-11-01 | $193,700 (7.7%) | $297,918 (8.5%) | 0.00 | 71 |
2021-12-01 | $199,000 (10.6%) | $302,006 (10.2%) | 0.00 | 65 |
2022-01-01 | $199,000 (24.5%) | $297,545 (11.4%) | 0.00 | 56 |
2022-02-01 | $208,675 (19.3%) | $310,779 (5.8%) | 0.00 | 51 |
2022-03-01 | $203,450 (3.1%) | $283,048 (-10.1%) | 0.00 | 44 |
2022-04-01 | $204,950 (14.2%) | $299,089 (-6.4%) | 0.00 | 49 |
2022-05-01 | $231,950 (29.2%) | $305,563 (1.9%) | 0.00 | 68 |
2022-06-01 | $266,950 (46.3%) | $323,919 (6.9%) | 0.00 | 78 |
2022-07-01 | $239,900 (35.5%) | $314,394 (4.5%) | 0.00 | 102 |
2022-08-01 | $238,425 (34.0%) | $321,617 (5.5%) | 0.00 | 108 |
2022-09-01 | $239,675 (42.2%) | $322,903 (20.6%) | 0.00 | 110 |
2022-10-01 | $234,900 (31.2%) | $326,754 (7.7%) | 0.00 | 105 |
2022-11-01 | $238,675 (23.2%) | $326,518 (9.6%) | 0.00 | 98 |
2022-12-01 | $229,900 (15.5%) | $318,975 (5.6%) | 0.00 | 83 |
2023-01-01 | $229,675 (15.4%) | $303,539 (2.0%) | 0.00 | 84 |
2023-02-01 | $227,975 (9.3%) | $312,571 (0.6%) | 0.00 | 82 |
2023-03-01 | $234,900 (15.5%) | $347,630 (22.8%) | 0.00 | 77 |
2023-04-01 | $240,000 (17.1%) | $350,829 (17.3%) | 0.00 | 70 |
2023-05-01 | $249,000 (7.4%) | $333,771 (9.2%) | 0.00 | 70 |
2023-06-01 | $288,638 (8.1%) | $339,468 (4.8%) | 0.00 | 70 |
2023-07-01 | $281,950 (17.5%) | $319,413 (1.6%) | 0.00 | 71 |
2023-08-01 | $286,175 (20.0%) | $324,034 (0.8%) | 0.00 | 78 |
2023-09-01 | $259,900 (8.4%) | $330,173 (2.3%) | 0.00 | 76 |
2023-10-01 | $247,450 (5.3%) | $325,106 (-0.5%) | 0.00 | 86 |
2023-11-01 | $236,725 (-0.8%) | $305,127 (-6.6%) | 0.00 | 76 |
2023-12-01 | $239,000 (4.0%) | $299,271 (-6.2%) | 0.00 | 78 |
2024-01-01 | $269,900 (17.5%) | $315,447 (3.9%) | 0.00 | 87 |
2024-02-01 | $258,675 (13.5%) | $323,517 (3.5%) | 0.00 | 97 |
2024-03-01 | $257,400 (9.6%) | $334,171 (-3.9%) | 0.00 | 94 |
2024-04-01 | $264,900 (10.4%) | $361,528 (3.1%) | 0.00 | 96 |
2024-05-01 | $274,950 (10.4%) | $372,406 (11.6%) | 0.00 | 97 |
2024-06-01 | $280,000 (-3.0%) | $367,076 (8.1%) | 0.00 | 85 |
2024-07-01 | $274,974 (-2.5%) | $354,252 (10.9%) | 0.00 | 94 |
2024-08-01 | $265,000 (-7.4%) | $341,502 (5.4%) | 0.00 | 93 |
2024-09-01 | $251,175 (-3.4%) | $324,689 (-1.7%) | 0.00 | 101 |
2024-10-01 | $245,950 (-0.6%) | $312,384 (-3.9%) | 0.00 | 110 |
Coldwater's median listing price comes in at 0% of the national average.
Coldwater's average listing price for 2024-10-01 was $312,384, a difference of $-12,722 (-3.9%) versus the prior year and $-12,305 versus the prior month.
For the 2024-10-01 period, Coldwater had 110 MLS listings, a difference of 9 listings (9%) versus the prior month and 24 listings (28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Coldwater (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,590 sqft |
2018-02-01 | 0 days | 1,590 sqft |
2018-03-01 | 0 days | 1,600 sqft |
2018-04-01 | 0 days | 1,591 sqft |
2018-05-01 | 0 days | 1,582 sqft |
2018-06-01 | 0 days | 1,560 sqft |
2018-07-01 | 0 days | 1,600 sqft |
2018-08-01 | 0 days | 1,603 sqft |
2018-09-01 | 0 days | 1,600 sqft |
2018-10-01 | 0 days | 1,600 sqft |
2018-11-01 | 0 days | 1,600 sqft |
2018-12-01 | 0 days | 1,584 sqft |
2019-01-01 | 0 days | 1,613 sqft |
2019-02-01 | 0 days | 1,600 sqft |
2019-03-01 | 0 days | 1,594 sqft |
2019-04-01 | 0 days | 1,600 sqft |
2019-05-01 | 0 days | 1,632 sqft |
2019-06-01 | 0 days | 1,600 sqft |
2019-07-01 | 0 days | 1,624 sqft |
2019-08-01 | 0 days | 1,601 sqft |
2019-09-01 | 0 days | 1,650 sqft |
2019-10-01 | 0 days | 1,683 sqft |
2019-11-01 | 0 days | 1,688 sqft |
2019-12-01 | 0 days | 1,670 sqft |
2020-01-01 | 0 days | 1,688 sqft |
2020-02-01 | 0 days | 1,664 sqft |
2020-03-01 | 0 days | 1,682 sqft |
2020-04-01 | 0 days | 1,679 sqft |
2020-05-01 | 0 days | 1,672 sqft |
2020-06-01 | 0 days | 1,600 sqft |
2020-07-01 | 0 days | 1,650 sqft |
2020-08-01 | 0 days | 1,706 sqft |
2020-09-01 | 0 days | 1,759 sqft |
2020-10-01 | 0 days | 1,693 sqft |
2020-11-01 | 0 days | 1,640 sqft |
2020-12-01 | 0 days | 1,646 sqft |
2021-01-01 | 0 days | 1,546 sqft |
2021-02-01 | 0 days | 1,682 sqft |
2021-03-01 | 0 days | 1,659 sqft |
2021-04-01 | 0 days | 1,581 sqft |
2021-05-01 | 0 days | 1,530 sqft |
2021-06-01 | 0 days | 1,600 sqft |
2021-07-01 | 0 days | 1,526 sqft |
2021-08-01 | 0 days | 1,765 sqft |
2021-09-01 | 0 days | 1,630 sqft |
2021-10-01 | 0 days | 1,743 sqft |
2021-11-01 | 0 days | 1,813 sqft |
2021-12-01 | 0 days | 1,800 sqft |
2022-01-01 | 0 days | 1,800 sqft |
2022-02-01 | 0 days | 1,855 sqft |
2022-03-01 | 0 days | 1,831 sqft |
2022-04-01 | 0 days | 1,726 sqft |
2022-05-01 | 0 days | 1,805 sqft |
2022-06-01 | 0 days | 1,971 sqft |
2022-07-01 | 0 days | 1,826 sqft |
2022-08-01 | 0 days | 1,697 sqft |
2022-09-01 | 0 days | 1,838 sqft |
2022-10-01 | 0 days | 1,876 sqft |
2022-11-01 | 0 days | 1,869 sqft |
2022-12-01 | 0 days | 1,760 sqft |
2023-01-01 | 0 days | 1,800 sqft |
2023-02-01 | 0 days | 1,800 sqft |
2023-03-01 | 0 days | 1,831 sqft |
2023-04-01 | 0 days | 1,800 sqft |
2023-05-01 | 0 days | 1,782 sqft |
2023-06-01 | 0 days | 1,774 sqft |
2023-07-01 | 0 days | 1,586 sqft |
2023-08-01 | 0 days | 1,601 sqft |
2023-09-01 | 0 days | 1,600 sqft |
2023-10-01 | 0 days | 1,570 sqft |
2023-11-01 | 0 days | 1,526 sqft |
2023-12-01 | 0 days | 1,570 sqft |
2024-01-01 | 0 days | 1,723 sqft |
2024-02-01 | 0 days | 1,617 sqft |
2024-03-01 | 0 days | 1,685 sqft |
2024-04-01 | 0 days | 1,711 sqft |
2024-05-01 | 0 days | 1,853 sqft |
2024-06-01 | 0 days | 1,800 sqft |
2024-07-01 | 0 days | 1,714 sqft |
2024-08-01 | 0 days | 1,722 sqft |
2024-09-01 | 0 days | 1,650 sqft |
2024-10-01 | 0 days | 1,594 sqft |
Coldwater's median square footage for active listings during the 2024-10-01 period was 1,594 sqft. One year prior, the average listing was 1,570 sqft.