Concord FHA Loan Rates, Closing Costs & Stats
Concord, NH
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.
Concord's 56 lenders originated 245 FHA loans during 2023. The total origination value was $77,925,000, with an average FHA loan value of $318,061.
Concord FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Concord
averaged
0.18%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Concord's average FHA mortgage closing costs are $8,132.
The average rate for the prior week (2024-11-22) was
6.37% and
one month ago for the week of 2024-10-25, the
average rate was 6.15%.
The average rate one year ago was 6.94%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.08%.
Concord 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 Concord level.
The top Concord FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
25 FHA loans originated. Their average total fees are
$14,035, which is $1,474
higher than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Concord FHA lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,993), UNITED WHOLESALE MORTGAGE, LLC ($11,775), HARBORONE MORTGAGE, LLC ($11,992), GUILD MORTGAGE COMPANY ($12,561) and CMG MORTGAGE, INC. ($13,701).
The lowest rate Concord FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (5.83%), HARBORONE MORTGAGE, LLC (6.66%), GUILD MORTGAGE COMPANY (6.66%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.67%) and UNITED WHOLESALE MORTGAGE, LLC (6.92%).
Concord FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
CONCORD, NH | MERRIMACK | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
CONCORD, NH | MERRIMACK | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Concord (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 | $307,500 (14.2%) | $377,428 (17.6%) | 1.14 | 408 |
2018-02-01 | $322,450 (17.0%) | $384,808 (16.9%) | 1.17 | 359 |
2018-03-01 | $330,000 (17.9%) | $375,434 (10.9%) | 1.16 | 353 |
2018-04-01 | $330,675 (18.1%) | $376,936 (7.8%) | 1.12 | 420 |
2018-05-01 | $322,450 (8.5%) | $375,877 (3.8%) | 1.08 | 503 |
2018-06-01 | $319,900 (6.7%) | $380,873 (3.3%) | 1.07 | 584 |
2018-07-01 | $314,925 (5.0%) | $381,570 (3.7%) | 1.05 | 607 |
2018-08-01 | $309,950 (3.4%) | $385,340 (5.4%) | 1.04 | 637 |
2018-09-01 | $305,000 (5.2%) | $386,292 (7.0%) | 1.03 | 670 |
2018-10-01 | $309,950 (5.4%) | $389,177 (7.2%) | 1.05 | 643 |
2018-11-01 | $299,950 (3.8%) | $387,193 (8.7%) | 1.02 | 563 |
2018-12-01 | $299,900 (1.7%) | $383,715 (5.7%) | 1.03 | 465 |
2019-01-01 | $299,950 (-2.5%) | $391,398 (3.7%) | 1.04 | 392 |
2019-02-01 | $308,325 (-4.4%) | $398,523 (3.6%) | 1.04 | 366 |
2019-03-01 | $323,814 (-1.9%) | $398,186 (6.1%) | 1.06 | 380 |
2019-04-01 | $337,889 (2.2%) | $401,558 (6.5%) | 1.07 | 399 |
2019-05-01 | $323,400 (0.3%) | $385,081 (2.5%) | 1.01 | 464 |
2019-06-01 | $324,900 (1.6%) | $412,820 (8.4%) | 1.02 | 494 |
2019-07-01 | $319,450 (1.4%) | $412,784 (8.2%) | 1.00 | 498 |
2019-08-01 | $325,691 (5.1%) | $412,574 (7.1%) | 1.03 | 490 |
2019-09-01 | $319,677 (4.8%) | $403,535 (4.5%) | 1.02 | 486 |
2019-10-01 | $315,668 (1.8%) | $398,706 (2.5%) | 1.02 | 464 |
2019-11-01 | $308,000 (2.7%) | $391,806 (1.2%) | 1.01 | 399 |
2019-12-01 | $299,800 (0.0%) | $384,329 (0.2%) | 1.00 | 327 |
2020-01-01 | $300,000 (0.0%) | $391,670 (0.1%) | 1.00 | 261 |
2020-02-01 | $329,000 (6.7%) | $413,076 (3.7%) | 1.08 | 250 |
2020-03-01 | $349,000 (7.8%) | $416,792 (4.7%) | 1.09 | 267 |
2020-04-01 | $357,400 (5.8%) | $417,121 (3.9%) | 1.12 | 275 |
2020-05-01 | $362,400 (12.1%) | $427,036 (10.9%) | 1.10 | 261 |
2020-06-01 | $377,450 (16.2%) | $464,939 (12.6%) | 1.11 | 270 |
2020-07-01 | $374,450 (17.2%) | $470,342 (13.9%) | 1.09 | 232 |
2020-08-01 | $374,950 (15.1%) | $451,750 (9.5%) | 1.07 | 235 |
2020-09-01 | $367,175 (14.9%) | $435,077 (7.8%) | 1.05 | 241 |
2020-10-01 | $337,080 (6.8%) | $421,244 (5.7%) | 0.97 | 226 |
2020-11-01 | $348,475 (13.1%) | $444,814 (13.5%) | 1.02 | 180 |
2020-12-01 | $336,725 (12.3%) | $445,425 (15.9%) | 1.00 | 146 |
2021-01-01 | $339,900 (13.3%) | $436,575 (11.5%) | 1.01 | 104 |
2021-02-01 | $356,000 (8.2%) | $475,290 (15.1%) | 1.04 | 87 |
2021-03-01 | $346,975 (-0.6%) | $458,819 (10.1%) | 0.98 | 100 |
2021-04-01 | $380,450 (6.5%) | $475,947 (14.1%) | 1.03 | 111 |
2021-05-01 | $375,000 (3.5%) | $498,344 (16.7%) | 1.00 | 161 |
2021-06-01 | $379,000 (0.4%) | $497,307 (7.0%) | 1.00 | 207 |
2021-07-01 | $417,500 (11.5%) | $549,994 (16.9%) | 1.10 | 209 |
2021-08-01 | $390,925 (4.3%) | $543,591 (20.3%) | 1.04 | 197 |
2021-09-01 | $399,675 (8.9%) | $518,592 (19.2%) | 1.07 | 192 |
2021-10-01 | $389,900 (15.7%) | $522,466 (24.0%) | 1.04 | 172 |
2021-11-01 | $399,725 (14.7%) | $533,915 (20.0%) | 1.07 | 136 |
2021-12-01 | $444,725 (32.1%) | $540,626 (21.4%) | 1.20 | 98 |
2022-01-01 | $419,900 (23.5%) | $531,532 (21.8%) | 1.14 | 83 |
2022-02-01 | $464,900 (30.6%) | $590,050 (24.2%) | 1.21 | 67 |
2022-03-01 | $437,225 (26.0%) | $530,412 (15.6%) | 1.09 | 91 |
2022-04-01 | $429,999 (13.0%) | $609,087 (28.0%) | 1.03 | 108 |
2022-05-01 | $449,700 (19.9%) | $568,050 (14.0%) | 1.03 | 128 |
2022-06-01 | $463,475 (22.3%) | $589,032 (18.4%) | 1.03 | 176 |
2022-07-01 | $499,000 (19.5%) | $625,736 (13.8%) | 1.12 | 213 |
2022-08-01 | $484,975 (24.1%) | $607,822 (11.8%) | 1.12 | 214 |
2022-09-01 | $486,000 (21.6%) | $598,762 (15.5%) | 1.14 | 203 |
2022-10-01 | $494,450 (26.8%) | $571,209 (9.3%) | 1.16 | 200 |
2022-11-01 | $491,175 (22.9%) | $555,803 (4.1%) | 1.18 | 200 |
2022-12-01 | $499,900 (12.4%) | $557,403 (3.1%) | 1.23 | 163 |
2023-01-01 | $499,500 (19.0%) | $549,914 (3.5%) | 1.24 | 121 |
2023-02-01 | $522,475 (12.4%) | $561,487 (-4.8%) | 1.26 | 87 |
2023-03-01 | $509,950 (16.6%) | $553,866 (4.4%) | 1.20 | 83 |
2023-04-01 | $522,450 (21.5%) | $590,923 (-3.0%) | 1.22 | 97 |
2023-05-01 | $526,000 (17.0%) | $614,541 (8.2%) | 1.19 | 112 |
2023-06-01 | $565,000 (21.9%) | $660,790 (12.2%) | 1.27 | 136 |
2023-07-01 | $550,000 (10.2%) | $638,664 (2.1%) | 1.25 | 155 |
2023-08-01 | $578,454 (19.3%) | $652,192 (7.3%) | 1.33 | 147 |
2023-09-01 | $549,950 (13.2%) | $627,388 (4.8%) | 1.28 | 163 |
2023-10-01 | $550,000 (11.2%) | $646,058 (13.1%) | 1.29 | 182 |
2023-11-01 | $549,425 (11.9%) | $612,984 (10.3%) | 1.31 | 168 |
2023-12-01 | $574,950 (15.0%) | $628,347 (12.7%) | 1.40 | 149 |
2024-01-01 | $556,175 (11.4%) | $605,464 (10.1%) | 1.36 | 122 |
2024-02-01 | $549,900 (5.3%) | $593,352 (5.7%) | 1.32 | 107 |
2024-03-01 | $569,950 (11.8%) | $609,700 (10.1%) | 1.34 | 114 |
2024-04-01 | $598,675 (14.6%) | $629,797 (6.6%) | 1.39 | 124 |
2024-05-01 | $599,900 (14.1%) | $675,701 (10.0%) | 1.36 | 162 |
2024-06-01 | $590,000 (4.4%) | $718,582 (8.8%) | 1.33 | 192 |
2024-07-01 | $599,644 (9.0%) | $720,402 (12.8%) | 1.37 | 196 |
2024-08-01 | $559,500 (-3.3%) | $680,122 (4.3%) | 1.30 | 220 |
2024-09-01 | $552,450 (0.5%) | $660,938 (5.4%) | 1.30 | 225 |
2024-10-01 | $534,475 (-2.8%) | $635,695 (-1.6%) | 1.26 | 234 |
Concord's median listing price comes in at 126% of the national average.
Concord's average listing price for 2024-10-01 was $635,695, a difference of $-10,363 (-1.6%) versus the prior year and $-25,243 versus the prior month.
For the 2024-10-01 period, Concord had 234 MLS listings, a difference of 9 listings (4%) versus the prior month and 52 listings (29%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Concord (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 100 days | 2,194 sqft |
2018-02-01 | 105 days | 2,173 sqft |
2018-03-01 | 72 days | 2,217 sqft |
2018-04-01 | 49 days | 2,205 sqft |
2018-05-01 | 40 days | 2,169 sqft |
2018-06-01 | 39 days | 2,163 sqft |
2018-07-01 | 48 days | 2,187 sqft |
2018-08-01 | 53 days | 2,185 sqft |
2018-09-01 | 58 days | 2,180 sqft |
2018-10-01 | 66 days | 2,216 sqft |
2018-11-01 | 74 days | 2,201 sqft |
2018-12-01 | 89 days | 2,132 sqft |
2019-01-01 | 88 days | 2,160 sqft |
2019-02-01 | 88 days | 2,096 sqft |
2019-03-01 | 65 days | 2,098 sqft |
2019-04-01 | 43 days | 2,124 sqft |
2019-05-01 | 40 days | 2,121 sqft |
2019-06-01 | 42 days | 2,130 sqft |
2019-07-01 | 48 days | 2,085 sqft |
2019-08-01 | 52 days | 2,094 sqft |
2019-09-01 | 53 days | 2,079 sqft |
2019-10-01 | 57 days | 2,078 sqft |
2019-11-01 | 67 days | 2,065 sqft |
2019-12-01 | 78 days | 1,978 sqft |
2020-01-01 | 85 days | 2,016 sqft |
2020-02-01 | 60 days | 2,065 sqft |
2020-03-01 | 43 days | 2,076 sqft |
2020-04-01 | 48 days | 2,139 sqft |
2020-05-01 | 53 days | 2,125 sqft |
2020-06-01 | 31 days | 2,172 sqft |
2020-07-01 | 38 days | 2,199 sqft |
2020-08-01 | 42 days | 2,222 sqft |
2020-09-01 | 32 days | 2,073 sqft |
2020-10-01 | 39 days | 1,987 sqft |
2020-11-01 | 45 days | 2,025 sqft |
2020-12-01 | 54 days | 1,915 sqft |
2021-01-01 | 47 days | 1,846 sqft |
2021-02-01 | 28 days | 1,800 sqft |
2021-03-01 | 16 days | 1,727 sqft |
2021-04-01 | 13 days | 1,826 sqft |
2021-05-01 | 14 days | 2,072 sqft |
2021-06-01 | 17 days | 2,070 sqft |
2021-07-01 | 25 days | 2,191 sqft |
2021-08-01 | 34 days | 2,130 sqft |
2021-09-01 | 33 days | 2,096 sqft |
2021-10-01 | 36 days | 1,998 sqft |
2021-11-01 | 40 days | 1,947 sqft |
2021-12-01 | 49 days | 1,980 sqft |
2022-01-01 | 44 days | 1,883 sqft |
2022-02-01 | 22 days | 1,944 sqft |
2022-03-01 | 14 days | 1,854 sqft |
2022-04-01 | 10 days | 1,872 sqft |
2022-05-01 | 14 days | 1,921 sqft |
2022-06-01 | 12 days | 1,948 sqft |
2022-07-01 | 23 days | 2,119 sqft |
2022-08-01 | 32 days | 2,104 sqft |
2022-09-01 | 39 days | 2,141 sqft |
2022-10-01 | 40 days | 2,099 sqft |
2022-11-01 | 39 days | 2,058 sqft |
2022-12-01 | 54 days | 2,052 sqft |
2023-01-01 | 66 days | 2,073 sqft |
2023-02-01 | 64 days | 2,022 sqft |
2023-03-01 | 35 days | 1,889 sqft |
2023-04-01 | 17 days | 2,043 sqft |
2023-05-01 | 14 days | 2,056 sqft |
2023-06-01 | 18 days | 2,082 sqft |
2023-07-01 | 24 days | 2,128 sqft |
2023-08-01 | 32 days | 2,086 sqft |
2023-09-01 | 31 days | 2,154 sqft |
2023-10-01 | 32 days | 2,188 sqft |
2023-11-01 | 39 days | 2,195 sqft |
2023-12-01 | 54 days | 2,175 sqft |
2024-01-01 | 58 days | 2,060 sqft |
2024-02-01 | 42 days | 1,995 sqft |
2024-03-01 | 29 days | 2,049 sqft |
2024-04-01 | 27 days | 2,072 sqft |
2024-05-01 | 17 days | 2,107 sqft |
2024-06-01 | 26 days | 2,080 sqft |
2024-07-01 | 33 days | 2,085 sqft |
2024-08-01 | 32 days | 2,020 sqft |
2024-09-01 | 31 days | 2,050 sqft |
2024-10-01 | 32 days | 2,072 sqft |
Concord's median square footage for active listings during the 2024-10-01 period was 2,072 sqft. One year prior, the average listing was 2,188 sqft.