Crawfordsville FHA Loan Rates, Closing Costs & Stats
Crawfordsville, IN
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.
Crawfordsville's 46 lenders originated 138 FHA loans during 2023. The total origination value was $22,910,000, with an average FHA loan value of $166,014.
Crawfordsville FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Crawfordsville
averaged
0.47%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Crawfordsville's average FHA mortgage closing costs are $5,650.
The average rate for the prior week (2024-11-22) was
6.56% and
one month ago for the week of 2024-10-25, the
average rate was 6.54%.
The average rate one year ago was 7.13%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.1%.
Crawfordsville 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 Crawfordsville level.
The top Crawfordsville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
16 FHA loans originated. Their average total fees are
$7,446, which is $150
lower than the next largest lender,
Wolfe Financial, Inc.
The lowest fee Crawfordsville FHA lenders (with over 10 loans originated) are
University Bank ($7,226), QUICKEN LOANS, LLC ($7,446), Wolfe Financial, Inc ($7,596), .
The lowest rate Crawfordsville FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.36%), University Bank (7.03%), Wolfe Financial, Inc (7.17%), .
Crawfordsville FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
CRAWFORDSVILLE, IN | MONTGOMERY | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
CRAWFORDSVILLE, IN | MONTGOMERY | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Crawfordsville (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 | $129,450 (29.5%) | $196,553 (24.6%) | 0.00 | 131 |
2018-02-01 | $137,500 (24.8%) | $202,578 (22.7%) | 0.00 | 134 |
2018-03-01 | $138,400 (33.1%) | $198,255 (20.3%) | 0.00 | 130 |
2018-04-01 | $128,800 (7.4%) | $194,327 (10.7%) | 0.00 | 128 |
2018-05-01 | $138,650 (15.6%) | $190,772 (3.9%) | 0.00 | 135 |
2018-06-01 | $144,700 (19.4%) | $192,903 (6.2%) | 0.00 | 145 |
2018-07-01 | $149,900 (5.2%) | $204,041 (-3.0%) | 0.00 | 151 |
2018-08-01 | $147,200 (1.3%) | $203,027 (-3.0%) | 0.00 | 156 |
2018-09-01 | $139,900 (-5.8%) | $205,696 (-1.1%) | 0.00 | 149 |
2018-10-01 | $134,800 (-5.9%) | $188,352 (-11.1%) | 0.00 | 163 |
2018-11-01 | $129,800 (-6.7%) | $194,311 (-8.0%) | 0.00 | 154 |
2018-12-01 | $142,900 (10.0%) | $196,115 (-2.8%) | 0.00 | 136 |
2019-01-01 | $123,700 (-4.4%) | $190,877 (-2.9%) | 0.00 | 125 |
2019-02-01 | $112,750 (-18.0%) | $143,612 (-29.1%) | 0.00 | 99 |
2019-03-01 | $125,671 (-9.2%) | $159,470 (-19.6%) | 0.00 | 95 |
2019-04-01 | $140,950 (9.4%) | $165,601 (-14.8%) | 0.00 | 87 |
2019-05-01 | $141,950 (2.4%) | $167,150 (-12.4%) | 0.00 | 87 |
2019-06-01 | $135,000 (-6.7%) | $163,926 (-15.0%) | 0.00 | 93 |
2019-07-01 | $149,900 (0.0%) | $171,118 (-16.1%) | 0.00 | 115 |
2019-08-01 | $143,050 (-2.8%) | $169,023 (-16.8%) | 0.00 | 105 |
2019-09-01 | $137,200 (-1.9%) | $166,992 (-18.8%) | 0.00 | 114 |
2019-10-01 | $134,425 (-0.3%) | $165,111 (-12.3%) | 0.00 | 121 |
2019-11-01 | $143,700 (10.7%) | $166,439 (-14.3%) | 0.00 | 113 |
2019-12-01 | $141,200 (-1.2%) | $167,512 (-14.6%) | 0.00 | 105 |
2020-01-01 | $142,600 (15.3%) | $179,705 (-5.9%) | 0.00 | 102 |
2020-02-01 | $141,200 (25.2%) | $179,627 (25.1%) | 0.00 | 94 |
2020-03-01 | $143,000 (13.8%) | $188,040 (17.9%) | 0.00 | 82 |
2020-04-01 | $148,350 (5.3%) | $193,730 (17.0%) | 0.00 | 74 |
2020-05-01 | $159,900 (12.7%) | $209,898 (25.6%) | 0.00 | 59 |
2020-06-01 | $159,575 (18.2%) | $217,135 (32.5%) | 0.00 | 49 |
2020-07-01 | $178,800 (19.3%) | $220,574 (28.9%) | 0.00 | 50 |
2020-08-01 | $172,400 (20.5%) | $205,386 (21.5%) | 0.00 | 51 |
2020-09-01 | $162,350 (18.3%) | $194,513 (16.5%) | 0.00 | 48 |
2020-10-01 | $139,900 (4.1%) | $191,715 (16.1%) | 0.00 | 47 |
2020-11-01 | $156,225 (8.7%) | $189,126 (13.6%) | 0.00 | 45 |
2020-12-01 | $169,750 (20.2%) | $187,799 (12.1%) | 0.00 | 37 |
2021-01-01 | $169,500 (18.9%) | $173,056 (-3.7%) | 0.00 | 30 |
2021-02-01 | $168,563 (19.4%) | $195,547 (8.9%) | 0.00 | 23 |
2021-03-01 | $159,900 (11.8%) | $195,364 (3.9%) | 0.00 | 23 |
2021-04-01 | $197,075 (32.8%) | $223,678 (15.5%) | 0.00 | 23 |
2021-05-01 | $190,000 (18.8%) | $223,499 (6.5%) | 0.00 | 31 |
2021-06-01 | $180,675 (13.2%) | $220,111 (1.4%) | 0.00 | 35 |
2021-07-01 | $205,000 (14.7%) | $210,497 (-4.6%) | 0.00 | 47 |
2021-08-01 | $171,700 (-0.4%) | $197,603 (-3.8%) | 0.00 | 50 |
2021-09-01 | $189,000 (16.4%) | $211,739 (8.9%) | 0.00 | 52 |
2021-10-01 | $189,900 (35.7%) | $219,058 (14.3%) | 0.00 | 45 |
2021-11-01 | $183,375 (17.4%) | $230,826 (22.1%) | 0.00 | 49 |
2021-12-01 | $192,000 (13.1%) | $230,292 (22.6%) | 0.00 | 53 |
2022-01-01 | $163,950 (-3.3%) | $222,516 (28.6%) | 0.00 | 36 |
2022-02-01 | $172,450 (2.3%) | $218,184 (11.6%) | 0.00 | 26 |
2022-03-01 | $167,225 (4.6%) | $236,697 (21.2%) | 0.00 | 24 |
2022-04-01 | $159,950 (-18.8%) | $222,948 (-0.3%) | 0.00 | 29 |
2022-05-01 | $204,550 (7.7%) | $258,361 (15.6%) | 0.00 | 40 |
2022-06-01 | $194,950 (7.9%) | $246,468 (12.0%) | 0.00 | 50 |
2022-07-01 | $209,900 (2.4%) | $241,417 (14.7%) | 0.00 | 63 |
2022-08-01 | $199,450 (16.2%) | $234,257 (18.6%) | 0.00 | 59 |
2022-09-01 | $183,675 (-2.8%) | $226,932 (7.2%) | 0.00 | 52 |
2022-10-01 | $202,500 (6.6%) | $228,713 (4.4%) | 0.00 | 63 |
2022-11-01 | $198,350 (8.2%) | $243,008 (5.3%) | 0.00 | 73 |
2022-12-01 | $200,000 (4.2%) | $253,471 (10.1%) | 0.00 | 73 |
2023-01-01 | $196,125 (19.6%) | $247,629 (11.3%) | 0.00 | 69 |
2023-02-01 | $187,475 (8.7%) | $238,439 (9.3%) | 0.00 | 54 |
2023-03-01 | $188,100 (12.5%) | $225,236 (-4.8%) | 0.00 | 53 |
2023-04-01 | $194,950 (21.9%) | $244,122 (9.5%) | 0.00 | 39 |
2023-05-01 | $189,725 (-7.3%) | $244,085 (-5.5%) | 0.00 | 44 |
2023-06-01 | $231,950 (19.0%) | $264,117 (7.2%) | 0.00 | 50 |
2023-07-01 | $270,000 (28.6%) | $301,289 (24.8%) | 0.00 | 43 |
2023-08-01 | $268,450 (34.6%) | $292,465 (24.9%) | 0.00 | 48 |
2023-09-01 | $269,900 (46.9%) | $289,848 (27.7%) | 0.00 | 58 |
2023-10-01 | $244,950 (21.0%) | $273,589 (19.6%) | 0.00 | 79 |
2023-11-01 | $240,950 (21.5%) | $273,554 (12.6%) | 0.00 | 79 |
2023-12-01 | $242,450 (21.2%) | $277,997 (9.7%) | 0.00 | 77 |
2024-01-01 | $256,000 (30.5%) | $287,746 (16.2%) | 0.00 | 60 |
2024-02-01 | $257,475 (37.3%) | $288,508 (21.0%) | 0.00 | 55 |
2024-03-01 | $284,950 (51.5%) | $312,735 (38.9%) | 0.00 | 47 |
2024-04-01 | $255,425 (31.0%) | $294,898 (20.8%) | 0.00 | 45 |
2024-05-01 | $244,925 (29.1%) | $295,485 (21.1%) | 0.00 | 52 |
2024-06-01 | $255,000 (9.9%) | $298,627 (13.1%) | 0.00 | 60 |
2024-07-01 | $249,900 (-7.4%) | $294,472 (-2.3%) | 0.00 | 63 |
2024-08-01 | $244,000 (-9.1%) | $276,984 (-5.3%) | 0.00 | 72 |
2024-09-01 | $239,950 (-11.1%) | $264,537 (-8.7%) | 0.00 | 86 |
2024-10-01 | $231,700 (-5.4%) | $261,099 (-4.6%) | 0.00 | 85 |
Crawfordsville's median listing price comes in at 0% of the national average.
Crawfordsville's average listing price for 2024-10-01 was $261,099, a difference of $-12,490 (-4.6%) versus the prior year and $-3,438 versus the prior month.
For the 2024-10-01 period, Crawfordsville had 85 MLS listings, a difference of -1 listings (-1%) versus the prior month and 6 listings (8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Crawfordsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,995 sqft |
2018-02-01 | 0 days | 2,000 sqft |
2018-03-01 | 0 days | 1,996 sqft |
2018-04-01 | 0 days | 1,986 sqft |
2018-05-01 | 0 days | 1,992 sqft |
2018-06-01 | 0 days | 2,058 sqft |
2018-07-01 | 0 days | 2,111 sqft |
2018-08-01 | 0 days | 2,062 sqft |
2018-09-01 | 0 days | 2,216 sqft |
2018-10-01 | 0 days | 2,234 sqft |
2018-11-01 | 0 days | 2,216 sqft |
2018-12-01 | 0 days | 2,194 sqft |
2019-01-01 | 0 days | 2,019 sqft |
2019-02-01 | 0 days | 1,980 sqft |
2019-03-01 | 0 days | 2,003 sqft |
2019-04-01 | 0 days | 2,053 sqft |
2019-05-01 | 0 days | 2,131 sqft |
2019-06-01 | 0 days | 2,128 sqft |
2019-07-01 | 0 days | 2,080 sqft |
2019-08-01 | 0 days | 2,046 sqft |
2019-09-01 | 0 days | 1,996 sqft |
2019-10-01 | 0 days | 2,029 sqft |
2019-11-01 | 0 days | 2,018 sqft |
2019-12-01 | 0 days | 1,971 sqft |
2020-01-01 | 0 days | 1,844 sqft |
2020-02-01 | 0 days | 1,885 sqft |
2020-03-01 | 0 days | 1,843 sqft |
2020-04-01 | 0 days | 1,988 sqft |
2020-05-01 | 0 days | 2,016 sqft |
2020-06-01 | 0 days | 2,014 sqft |
2020-07-01 | 0 days | 2,066 sqft |
2020-08-01 | 0 days | 2,088 sqft |
2020-09-01 | 0 days | 2,204 sqft |
2020-10-01 | 0 days | 2,081 sqft |
2020-11-01 | 0 days | 2,388 sqft |
2020-12-01 | 0 days | 2,088 sqft |
2021-01-01 | 0 days | 1,987 sqft |
2021-02-01 | 0 days | 1,928 sqft |
2021-03-01 | 0 days | 1,894 sqft |
2021-04-01 | 0 days | 2,170 sqft |
2021-05-01 | 0 days | 2,066 sqft |
2021-06-01 | 0 days | 2,014 sqft |
2021-07-01 | 0 days | 2,052 sqft |
2021-08-01 | 0 days | 2,014 sqft |
2021-09-01 | 0 days | 2,103 sqft |
2021-10-01 | 0 days | 1,983 sqft |
2021-11-01 | 0 days | 2,139 sqft |
2021-12-01 | 0 days | 2,074 sqft |
2022-01-01 | 0 days | 1,849 sqft |
2022-02-01 | 0 days | 1,865 sqft |
2022-03-01 | 0 days | 1,753 sqft |
2022-04-01 | 0 days | 1,855 sqft |
2022-05-01 | 0 days | 1,936 sqft |
2022-06-01 | 0 days | 2,030 sqft |
2022-07-01 | 0 days | 2,009 sqft |
2022-08-01 | 0 days | 2,068 sqft |
2022-09-01 | 0 days | 1,892 sqft |
2022-10-01 | 0 days | 1,960 sqft |
2022-11-01 | 0 days | 1,879 sqft |
2022-12-01 | 0 days | 1,898 sqft |
2023-01-01 | 0 days | 1,814 sqft |
2023-02-01 | 0 days | 1,763 sqft |
2023-03-01 | 0 days | 1,683 sqft |
2023-04-01 | 0 days | 2,127 sqft |
2023-05-01 | 0 days | 1,812 sqft |
2023-06-01 | 0 days | 2,028 sqft |
2023-07-01 | 0 days | 2,260 sqft |
2023-08-01 | 0 days | 2,172 sqft |
2023-09-01 | 0 days | 2,283 sqft |
2023-10-01 | 0 days | 2,299 sqft |
2023-11-01 | 0 days | 2,241 sqft |
2023-12-01 | 0 days | 2,196 sqft |
2024-01-01 | 0 days | 2,192 sqft |
2024-02-01 | 0 days | 2,409 sqft |
2024-03-01 | 0 days | 2,520 sqft |
2024-04-01 | 0 days | 2,456 sqft |
2024-05-01 | 0 days | 2,055 sqft |
2024-06-01 | 0 days | 2,101 sqft |
2024-07-01 | 0 days | 2,227 sqft |
2024-08-01 | 0 days | 2,111 sqft |
2024-09-01 | 0 days | 2,049 sqft |
2024-10-01 | 0 days | 2,134 sqft |
Crawfordsville's median square footage for active listings during the 2024-10-01 period was 2,134 sqft. One year prior, the average listing was 2,299 sqft.