Concord FHA Loan Rates, Closing Costs & Stats

Concord, NH

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    • 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 55 lenders originated 277 FHA loans during 2024. The total origination value was $94,255,000, with an average FHA loan value of $340,271.

    Concord FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Concord averaged 7.02% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

    Concord's average FHA mortgage closing costs are $8,597.

    The average rate for the prior week (2025-05-16) was 6.85% and one month ago for the week of 2025-04-18, the average rate was 6.57%.

    The average rate one year ago was 6.85%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.48%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CMG MORTGAGE, INC. 35 6.61% $11,499
    QUICKEN LOANS, LLC 27 6.17% $14,883
    UNITED WHOLESALE MORTGAGE, LLC 27 6.25% $14,113
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.74% $11,213
    CROSSCOUNTRY MORTGAGE, LLC 14 6.57% $11,962
    GUILD MORTGAGE COMPANY 12 6.73% $11,784
    EMM LOANS LLC 10 6.57% $13,577
    MUTUAL OF OMAHA MORTGAGE, INC. 9 6.43% $20,089
    LOANDEPOT.COM, LLC 9 5.91% $17,903
    FREEDOM MORTGAGE CORPORATION 7 6.43% $18,647
    Mr. Cooper ( Nationstar Mortgage ) 5 6.45% $16,964
    MORTGAGE EQUITY PARTNERS LLC 4 6.81% $11,517
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.47% $12,616
    Equity Prime Mortgage LLC 3 6.25% $17,126
    Waterstone Mortgage Corporation 3 6.88% $13,060
    HARBORONE MORTGAGE, LLC 3 6.88% $10,261
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.58% $7,837
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 7.00% $12,421
    BROKER SOLUTIONS, INC. 3 6.42% $9,468
    VILLAGE CAPITAL MORTGAGE 3 6.50% $9,056
    EVERETT FINANCIAL, INC. 3 6.63% $13,334
    LAKEVIEW LOAN SERVICING, LLC 2 6.69% $7,706
    MOVEMENT MORTGAGE, LLC 2 7.13% $9,890
    NATIONS DIRECT MORTGAGE, LLC 2 6.50% $8,096
    NEW FED MORTGAGE, CORP. 2 5.63% $11,951
    ENVOY MORTGAGE, LTD 2 7.19% $12,632
    NORTHPOINT MORTGAGE, INC. 2 7.50% $12,064
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.50% $16,353
    American Mortgage & Equity Consultants, Inc. 2 7.19% $17,855
    TOTAL MORTGAGE SERVICES, LLC 2 6.94% $11,741
    Century Mortgage Company DBA Century Lending Company 2 7.44% $14,312
    ZILLOW HOME LOANS, LLC 1 6.75% $11,514
    AMERICAN FINANCING CORPORATION 1 5.50% $13,992
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $8,931
    CARDINAL FINANCIAL 1 7.25% $18,126
    Carrington Mortgage Services, LLC 1 5.50% $17,261
    Citizens Bank 1 6.88% $9,384
    EMBRACE HOME LOANS, INC. 1 6.75% $7,709
    Flagstar Bank, FSB 1 6.13% $9,866
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $11,474
    Home Loan Investment Bank, F.S.B. 1 6.25% $7,709
    HOMESIDE FINANCIAL, LLC 1 5.75% $19,685
    INTERSTATE HOME LOAN CENTER, INC. 1 7.13% $15,560
    JMAC LENDING, INC. 1 5.75% $9,387
    Keystone Funding, Inc. 1 5.25% $16,935
    M&T Bank 1 7.75% $8,234
    NEWREZ LLC 1 6.25% $6,135
    PLANET HOME LENDING, LLC 1 5.99% $8,306
    POLARIS HOME FUNDING CORP. 1 5.75% $13,807
    RELIANCE FIRST CAPITAL, LLC 1 6.00% $17,240
    Sierra Pacific Mortgage Company, Inc. 1 5.75% $25,706
    Texana Bank 1 6.25% $9,460
    The Federal Savings Bank 1 7.25% $13,141
    UNITED MORTGAGE CORP 1 6.63% $15,255
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.13% $7,027

    The top Concord FHA lender as defined by loan originations is CMG MORTGAGE, INC., with 35 FHA loans originated. Their average total fees are $11,499, which is $3,384 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Concord FHA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($11,213), CMG MORTGAGE, INC. ($11,499), GUILD MORTGAGE COMPANY ($11,784), CROSSCOUNTRY MORTGAGE, LLC ($11,962) and EMM LOANS LLC ($13,577).

    The lowest rate Concord FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.17%), UNITED WHOLESALE MORTGAGE, LLC (6.25%), CROSSCOUNTRY MORTGAGE, LLC (6.57%), EMM LOANS LLC (6.57%) and CMG MORTGAGE, INC. (6.61%).

    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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $306,400 (13.8%) $375,332 (17.0%) 1.14 410
    2018-02-01 $322,225 (17.0%) $383,758 (16.6%) 1.17 360
    2018-03-01 $329,999 (17.9%) $374,482 (10.6%) 1.16 352
    2018-04-01 $329,725 (17.8%) $376,714 (7.7%) 1.12 419
    2018-05-01 $322,225 (8.9%) $375,677 (3.9%) 1.08 502
    2018-06-01 $319,900 (6.7%) $380,713 (3.4%) 1.07 583
    2018-07-01 $314,900 (5.1%) $381,305 (3.7%) 1.05 607
    2018-08-01 $309,700 (3.3%) $385,074 (5.4%) 1.04 637
    2018-09-01 $304,995 (5.2%) $385,903 (7.0%) 1.03 669
    2018-10-01 $309,450 (5.3%) $388,715 (7.3%) 1.05 642
    2018-11-01 $299,950 (4.4%) $386,646 (8.8%) 1.02 562
    2018-12-01 $299,900 (2.6%) $383,125 (6.0%) 1.03 463
    2019-01-01 $299,950 (-2.1%) $390,954 (4.2%) 1.04 390
    2019-02-01 $308,325 (-4.3%) $398,523 (3.9%) 1.04 366
    2019-03-01 $323,814 (-1.9%) $398,186 (6.3%) 1.06 380
    2019-04-01 $337,889 (2.5%) $401,558 (6.6%) 1.07 399
    2019-05-01 $323,400 (0.4%) $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 (8.3%) 1.00 498
    2019-08-01 $325,691 (5.2%) $412,574 (7.1%) 1.03 490
    2019-09-01 $319,677 (4.8%) $403,535 (4.6%) 1.02 486
    2019-10-01 $315,668 (2.0%) $398,706 (2.6%) 1.02 464
    2019-11-01 $308,000 (2.7%) $391,806 (1.3%) 1.01 399
    2019-12-01 $299,800 (0.0%) $384,329 (0.3%) 1.00 327
    2020-01-01 $300,000 (0.0%) $391,670 (0.2%) 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 $377,000 (-0.1%) $496,579 (6.8%) 0.99 207
    2021-07-01 $417,500 (11.5%) $548,428 (16.6%) 1.10 209
    2021-08-01 $389,900 (4.0%) $543,151 (20.2%) 1.04 196
    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 $461,000 (22.3%) $588,336 (18.5%) 1.03 177
    2022-07-01 $497,000 (19.0%) $624,410 (13.9%) 1.12 214
    2022-08-01 $484,975 (24.4%) $607,692 (11.9%) 1.12 216
    2022-09-01 $486,000 (21.6%) $599,325 (15.6%) 1.14 204
    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 (22.6%) $660,790 (12.3%) 1.27 136
    2023-07-01 $550,000 (10.7%) $638,664 (2.3%) 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 (4.7%) 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 $598,450 (13.8%) $657,988 (7.1%) 1.36 162
    2024-06-01 $554,500 (-1.9%) $696,298 (5.4%) 1.26 192
    2024-07-01 $599,389 (9.0%) $719,714 (12.7%) 1.37 196
    2024-08-01 $554,500 (-4.1%) $679,616 (4.2%) 1.29 221
    2024-09-01 $552,425 (0.5%) $660,352 (5.3%) 1.30 226
    2024-10-01 $532,450 (-3.2%) $635,990 (-1.6%) 1.25 236
    2024-11-01 $539,900 (-1.7%) $667,356 (8.9%) 1.30 195
    2024-12-01 $534,950 (-7.0%) $660,017 (5.0%) 1.33 153
    2025-01-01 $541,200 (-2.7%) $653,147 (7.9%) 1.35 129
    2025-02-01 $544,450 (-1.0%) $644,606 (8.6%) 1.32 121
    2025-03-01 $539,950 (-5.3%) $650,962 (6.8%) 1.27 117
    2025-04-01 $537,475 (-10.2%) $646,665 (2.7%) 1.25 141
    Concord's median listing price for 2025-04-01 was $537,475, a difference of $-61,200 (-10.2%) versus the prior year and $-2,475 versus the prior month.

    Concord's median listing price comes in at 125% of the national average.

    Concord's average listing price for 2025-04-01 was $646,665, a difference of $16,868 (2.7%) versus the prior year and $-4,297 versus the prior month.

    For the 2025-04-01 period, Concord had 141 MLS listings, a difference of 24 listings (21%) versus the prior month and 17 listings (14%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Concord (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 100 days 2,192 sqft
    2018-02-01 104 days 2,173 sqft
    2018-03-01 72 days 2,217 sqft
    2018-04-01 49 days 2,209 sqft
    2018-05-01 40 days 2,170 sqft
    2018-06-01 39 days 2,168 sqft
    2018-07-01 48 days 2,186 sqft
    2018-08-01 53 days 2,185 sqft
    2018-09-01 58 days 2,180 sqft
    2018-10-01 66 days 2,218 sqft
    2018-11-01 74 days 2,201 sqft
    2018-12-01 89 days 2,135 sqft
    2019-01-01 88 days 2,162 sqft
    2019-02-01 88 days 2,094 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 2,068 sqft
    2021-07-01 25 days 2,191 sqft
    2021-08-01 34 days 2,123 sqft
    2021-09-01 33 days 2,094 sqft
    2021-10-01 36 days 1,998 sqft
    2021-11-01 40 days 1,947 sqft
    2021-12-01 49 days 1,985 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 1,947 sqft
    2022-07-01 23 days 2,118 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 2,098 sqft
    2024-06-01 26 days 2,072 sqft
    2024-07-01 33 days 2,084 sqft
    2024-08-01 33 days 2,020 sqft
    2024-09-01 31 days 2,043 sqft
    2024-10-01 31 days 2,072 sqft
    2024-11-01 46 days 2,031 sqft
    2024-12-01 57 days 2,002 sqft
    2025-01-01 53 days 1,966 sqft
    2025-02-01 43 days 1,962 sqft
    2025-03-01 37 days 1,910 sqft
    2025-04-01 30 days 1,932 sqft
    Concord's median listing age (time on market) for 2025-04-01 was 30 days. This is 13% longer than the same period one year ago.

    Concord's median square footage for active listings during the 2025-04-01 period was 1,932 sqft. One year prior, the average listing was 2,072 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).