Coos Bay FHA Loan Rates, Closing Costs & Stats
Coos Bay, OR
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.
Coos Bay's 43 lenders originated 158 FHA loans during 2023. The total origination value was $43,610,000, with an average FHA loan value of $276,013.
Coos Bay FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Coos Bay
averaged
6.36%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
Coos Bay's average FHA mortgage closing costs are $9,491.
The average rate for the prior week (2024-10-04) was
5.88% and
one month ago for the week of 2024-09-06, the
average rate was 5.9%.
The average rate one year ago was 7.43%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.1%.
Coos Bay 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 Coos Bay level.
The top Coos Bay FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
34 FHA loans originated. Their average total fees are
$14,258, which is $1,901
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Coos Bay FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($12,357), GUILD MORTGAGE COMPANY ($14,258), UNITED WHOLESALE MORTGAGE, LLC ($15,735), DIRECTORS MORTGAGE, INC. ($16,507) and .
The lowest rate Coos Bay FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (5.89%), UNITED WHOLESALE MORTGAGE, LLC (5.98%), GUILD MORTGAGE COMPANY (6.45%), DIRECTORS MORTGAGE, INC. (7.25%) and .
Coos Bay FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
COOS BAY, OR | COOS | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
COOS BAY, OR | COOS | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Coos Bay (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 | $264,500 (2.1%) | $375,288 (10.6%) | 0.00 | 255 |
2018-02-01 | $255,000 (6.7%) | $358,366 (8.1%) | 0.00 | 264 |
2018-03-01 | $260,000 (-4.0%) | $368,325 (8.9%) | 0.00 | 264 |
2018-04-01 | $289,950 (3.9%) | $384,347 (8.0%) | 0.00 | 256 |
2018-05-01 | $294,450 (-1.3%) | $387,459 (7.3%) | 0.00 | 263 |
2018-06-01 | $275,000 (-7.9%) | $368,719 (-1.0%) | 0.00 | 317 |
2018-07-01 | $271,175 (-7.3%) | $365,216 (-3.9%) | 0.00 | 355 |
2018-08-01 | $271,175 (-3.9%) | $363,050 (-2.1%) | 0.00 | 359 |
2018-09-01 | $269,000 (-3.6%) | $367,307 (1.2%) | 0.00 | 348 |
2018-10-01 | $265,000 (-7.6%) | $362,427 (-2.1%) | 0.00 | 327 |
2018-11-01 | $265,000 (-1.8%) | $364,341 (-0.2%) | 0.00 | 278 |
2018-12-01 | $264,450 (-2.1%) | $367,105 (-4.7%) | 0.00 | 250 |
2019-01-01 | $257,500 (-2.7%) | $362,876 (-3.3%) | 0.00 | 232 |
2019-02-01 | $282,000 (10.6%) | $373,025 (4.1%) | 0.00 | 227 |
2019-03-01 | $289,429 (11.3%) | $372,398 (1.1%) | 0.00 | 230 |
2019-04-01 | $290,000 (0.0%) | $372,253 (-3.2%) | 0.00 | 238 |
2019-05-01 | $289,250 (-1.8%) | $373,320 (-3.7%) | 0.00 | 250 |
2019-06-01 | $289,000 (5.1%) | $368,781 (0.0%) | 0.00 | 302 |
2019-07-01 | $289,500 (6.8%) | $374,932 (2.7%) | 0.00 | 308 |
2019-08-01 | $311,909 (15.0%) | $394,362 (8.6%) | 0.00 | 309 |
2019-09-01 | $315,898 (17.4%) | $398,091 (8.4%) | 0.00 | 307 |
2019-10-01 | $318,557 (20.2%) | $395,002 (9.0%) | 0.00 | 296 |
2019-11-01 | $319,900 (20.7%) | $457,244 (25.5%) | 0.00 | 274 |
2019-12-01 | $319,700 (20.9%) | $465,215 (26.7%) | 0.00 | 240 |
2020-01-01 | $322,500 (25.2%) | $466,809 (28.6%) | 0.00 | 226 |
2020-02-01 | $319,500 (13.3%) | $470,264 (26.1%) | 0.00 | 217 |
2020-03-01 | $318,000 (9.9%) | $442,137 (18.7%) | 0.00 | 228 |
2020-04-01 | $303,500 (4.7%) | $435,211 (16.9%) | 0.00 | 236 |
2020-05-01 | $319,000 (10.3%) | $438,195 (17.4%) | 0.00 | 221 |
2020-06-01 | $345,000 (19.4%) | $477,679 (29.5%) | 0.00 | 184 |
2020-07-01 | $331,375 (14.5%) | $477,557 (27.4%) | 0.00 | 173 |
2020-08-01 | $339,999 (9.0%) | $505,139 (28.1%) | 0.00 | 150 |
2020-09-01 | $348,750 (10.4%) | $550,977 (38.4%) | 0.00 | 137 |
2020-10-01 | $350,000 (9.9%) | $561,383 (42.1%) | 0.00 | 125 |
2020-11-01 | $351,250 (9.8%) | $468,696 (2.5%) | 0.00 | 126 |
2020-12-01 | $294,250 (-8.0%) | $440,909 (-5.2%) | 0.00 | 109 |
2021-01-01 | $317,500 (-1.6%) | $450,861 (-3.4%) | 0.00 | 90 |
2021-02-01 | $267,250 (-16.4%) | $430,722 (-8.4%) | 0.00 | 77 |
2021-03-01 | $334,500 (5.2%) | $446,676 (1.0%) | 0.00 | 85 |
2021-04-01 | $349,000 (15.0%) | $454,435 (4.4%) | 0.00 | 88 |
2021-05-01 | $325,000 (1.9%) | $464,875 (6.1%) | 0.00 | 104 |
2021-06-01 | $337,250 (-2.3%) | $445,806 (-6.7%) | 0.00 | 125 |
2021-07-01 | $350,000 (5.6%) | $460,968 (-3.5%) | 0.00 | 146 |
2021-08-01 | $362,500 (6.6%) | $509,644 (0.9%) | 0.00 | 159 |
2021-09-01 | $366,250 (5.0%) | $543,487 (-1.4%) | 0.00 | 147 |
2021-10-01 | $359,000 (2.6%) | $556,166 (-0.9%) | 0.00 | 132 |
2021-11-01 | $372,450 (6.0%) | $600,994 (28.2%) | 0.00 | 121 |
2021-12-01 | $363,500 (23.5%) | $586,723 (33.1%) | 0.00 | 99 |
2022-01-01 | $399,000 (25.7%) | $609,232 (35.1%) | 0.00 | 79 |
2022-02-01 | $388,250 (45.3%) | $643,819 (49.5%) | 0.00 | 73 |
2022-03-01 | $432,500 (29.3%) | $645,280 (44.5%) | 0.00 | 80 |
2022-04-01 | $412,500 (18.2%) | $607,704 (33.7%) | 0.00 | 96 |
2022-05-01 | $399,725 (23.0%) | $575,052 (23.7%) | 0.00 | 106 |
2022-06-01 | $416,894 (23.6%) | $562,049 (26.1%) | 0.00 | 135 |
2022-07-01 | $409,000 (16.9%) | $539,950 (17.1%) | 0.00 | 162 |
2022-08-01 | $431,200 (19.0%) | $552,077 (8.3%) | 0.00 | 179 |
2022-09-01 | $423,000 (15.5%) | $559,928 (3.0%) | 0.00 | 176 |
2022-10-01 | $429,000 (19.5%) | $568,395 (2.2%) | 0.00 | 175 |
2022-11-01 | $428,500 (15.1%) | $564,280 (-6.1%) | 0.00 | 177 |
2022-12-01 | $425,000 (16.9%) | $585,800 (-0.2%) | 0.00 | 154 |
2023-01-01 | $442,250 (10.8%) | $606,695 (-0.4%) | 0.00 | 152 |
2023-02-01 | $448,250 (15.5%) | $583,878 (-9.3%) | 0.00 | 145 |
2023-03-01 | $440,250 (1.8%) | $579,355 (-10.2%) | 0.00 | 135 |
2023-04-01 | $439,000 (6.4%) | $563,718 (-7.2%) | 0.00 | 147 |
2023-05-01 | $427,500 (7.0%) | $553,686 (-3.7%) | 0.00 | 170 |
2023-06-01 | $454,500 (9.0%) | $580,119 (3.2%) | 0.00 | 190 |
2023-07-01 | $449,000 (9.8%) | $574,647 (6.4%) | 0.00 | 235 |
2023-08-01 | $449,700 (4.3%) | $594,908 (7.8%) | 0.00 | 242 |
2023-09-01 | $435,000 (2.8%) | $584,560 (4.4%) | 0.00 | 228 |
2023-10-01 | $439,000 (2.3%) | $604,660 (6.4%) | 0.00 | 222 |
2023-11-01 | $426,000 (-0.6%) | $600,918 (6.5%) | 0.00 | 225 |
2023-12-01 | $429,000 (0.9%) | $601,317 (2.7%) | 0.00 | 210 |
2024-01-01 | $448,500 (1.4%) | $626,727 (3.3%) | 0.00 | 188 |
2024-02-01 | $425,000 (-5.2%) | $600,212 (2.8%) | 0.00 | 181 |
2024-03-01 | $399,000 (-9.4%) | $593,550 (2.5%) | 0.00 | 173 |
2024-04-01 | $423,250 (-3.6%) | $579,781 (2.9%) | 0.00 | 207 |
2024-05-01 | $420,000 (-1.8%) | $575,033 (3.9%) | 0.00 | 233 |
2024-06-01 | $439,000 (-3.4%) | $622,405 (7.3%) | 0.00 | 268 |
2024-07-01 | $449,000 (0.0%) | $622,826 (8.4%) | 0.00 | 297 |
2024-08-01 | $439,000 (-2.4%) | $606,561 (2.0%) | 0.00 | 284 |
2024-09-01 | $438,000 (0.7%) | $608,303 (4.1%) | 0.00 | 275 |
Coos Bay's median listing price comes in at 0% of the national average.
Coos Bay's average listing price for 2024-09-01 was $608,303, a difference of $23,743 (4.1%) versus the prior year and $1,742 versus the prior month.
For the 2024-09-01 period, Coos Bay had 275 MLS listings, a difference of -9 listings (-3%) versus the prior month and 47 listings (21%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Coos Bay (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,730 sqft |
2018-02-01 | 0 days | 1,744 sqft |
2018-03-01 | 0 days | 1,787 sqft |
2018-04-01 | 0 days | 1,841 sqft |
2018-05-01 | 0 days | 1,800 sqft |
2018-06-01 | 0 days | 1,781 sqft |
2018-07-01 | 0 days | 1,755 sqft |
2018-08-01 | 0 days | 1,738 sqft |
2018-09-01 | 0 days | 1,773 sqft |
2018-10-01 | 0 days | 1,780 sqft |
2018-11-01 | 0 days | 1,774 sqft |
2018-12-01 | 0 days | 1,736 sqft |
2019-01-01 | 0 days | 1,729 sqft |
2019-02-01 | 0 days | 1,751 sqft |
2019-03-01 | 0 days | 1,743 sqft |
2019-04-01 | 0 days | 1,725 sqft |
2019-05-01 | 0 days | 1,736 sqft |
2019-06-01 | 0 days | 1,728 sqft |
2019-07-01 | 0 days | 1,765 sqft |
2019-08-01 | 0 days | 1,805 sqft |
2019-09-01 | 0 days | 1,814 sqft |
2019-10-01 | 0 days | 1,825 sqft |
2019-11-01 | 0 days | 1,845 sqft |
2019-12-01 | 0 days | 1,836 sqft |
2020-01-01 | 0 days | 1,798 sqft |
2020-02-01 | 0 days | 1,882 sqft |
2020-03-01 | 0 days | 1,844 sqft |
2020-04-01 | 0 days | 1,826 sqft |
2020-05-01 | 0 days | 1,860 sqft |
2020-06-01 | 0 days | 1,877 sqft |
2020-07-01 | 0 days | 1,869 sqft |
2020-08-01 | 0 days | 1,873 sqft |
2020-09-01 | 0 days | 1,860 sqft |
2020-10-01 | 0 days | 1,838 sqft |
2020-11-01 | 0 days | 1,693 sqft |
2020-12-01 | 0 days | 1,508 sqft |
2021-01-01 | 0 days | 1,680 sqft |
2021-02-01 | 0 days | 1,646 sqft |
2021-03-01 | 0 days | 1,698 sqft |
2021-04-01 | 0 days | 1,634 sqft |
2021-05-01 | 0 days | 1,582 sqft |
2021-06-01 | 0 days | 1,650 sqft |
2021-07-01 | 0 days | 1,759 sqft |
2021-08-01 | 0 days | 1,795 sqft |
2021-09-01 | 0 days | 1,780 sqft |
2021-10-01 | 0 days | 1,693 sqft |
2021-11-01 | 0 days | 1,686 sqft |
2021-12-01 | 0 days | 1,701 sqft |
2022-01-01 | 0 days | 1,708 sqft |
2022-02-01 | 0 days | 1,583 sqft |
2022-03-01 | 0 days | 1,728 sqft |
2022-04-01 | 0 days | 1,786 sqft |
2022-05-01 | 0 days | 1,752 sqft |
2022-06-01 | 0 days | 1,654 sqft |
2022-07-01 | 0 days | 1,616 sqft |
2022-08-01 | 0 days | 1,683 sqft |
2022-09-01 | 0 days | 1,693 sqft |
2022-10-01 | 0 days | 1,825 sqft |
2022-11-01 | 0 days | 1,746 sqft |
2022-12-01 | 0 days | 1,823 sqft |
2023-01-01 | 0 days | 1,784 sqft |
2023-02-01 | 0 days | 1,782 sqft |
2023-03-01 | 0 days | 1,762 sqft |
2023-04-01 | 0 days | 1,756 sqft |
2023-05-01 | 0 days | 1,802 sqft |
2023-06-01 | 0 days | 1,831 sqft |
2023-07-01 | 0 days | 1,798 sqft |
2023-08-01 | 0 days | 1,820 sqft |
2023-09-01 | 0 days | 1,763 sqft |
2023-10-01 | 0 days | 1,722 sqft |
2023-11-01 | 0 days | 1,742 sqft |
2023-12-01 | 0 days | 1,760 sqft |
2024-01-01 | 0 days | 1,808 sqft |
2024-02-01 | 0 days | 1,761 sqft |
2024-03-01 | 0 days | 1,660 sqft |
2024-04-01 | 0 days | 1,665 sqft |
2024-05-01 | 0 days | 1,680 sqft |
2024-06-01 | 0 days | 1,680 sqft |
2024-07-01 | 0 days | 1,665 sqft |
2024-08-01 | 0 days | 1,686 sqft |
2024-09-01 | 0 days | 1,725 sqft |
Coos Bay's median square footage for active listings during the 2024-09-01 period was 1,725 sqft. One year prior, the average listing was 1,763 sqft.