Crawfordsville FHA Loan Rates, Closing Costs & Stats

Crawfordsville, IN

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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.

    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 6.99% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Crawfordsville's average FHA mortgage closing costs are $5,650.

    The average rate for the prior week (2025-02-07) was 6.7% and one month ago for the week of 2025-01-10, the average rate was 6.66%.

    The average rate one year ago was 6.69%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.32%.

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

    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.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 16 6.36% $7,446
    Wolfe Financial, Inc 13 7.17% $7,596
    University Bank 11 7.03% $7,226
    RUOFF MORTGAGE COMPANY, INC. 8 6.75% $6,204
    GVC MORTGAGE, INC. 6 7.19% $6,920
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 7.25% $6,210
    PNC Bank 5 6.63% $6,008
    NEWREZ LLC 4 6.78% $8,622
    First Option Mortgage, LLC 4 7.00% $7,538
    GENEVA FINANCIAL, LLC 3 6.54% $6,845
    CALIBER HOME LOANS, INC. 3 6.67% $8,070
    PENNYMAC LOAN SERVICES, LLC 3 5.79% $10,571
    Carrington Mortgage Services, LLC 3 6.13% $9,528
    MUTUAL OF OMAHA MORTGAGE, INC. 3 7.17% $12,293
    BROKER SOLUTIONS, INC. 3 6.58% $10,936
    HALLMARK HOME MORTGAGE, LLC 2 6.38% $7,700
    GUILD MORTGAGE COMPANY 2 6.88% $5,937
    Mr. Cooper ( Nationstar Mortgage ) 2 5.81% $10,760
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 7.31% $8,714
    LOANDEPOT.COM, LLC 2 6.12% $9,125
    MJW Financial LLC 2 6.44% $10,891
    WesBanco 2 6.81% $6,120
    UNITED WHOLESALE MORTGAGE, LLC 1 8.25% $3,748
    VILLAGE CAPITAL MORTGAGE 1 6.75% $2,240
    ON Q FINANCIAL, INC. 1 7.25% $10,513
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $11,427
    Centier Bank 1 7.00% $4,200
    CHURCHILL MORTGAGE CORPORATION 1 7.13% $6,555
    Colonial Savings, F.A. 1 7.25% $14,863
    EMBRACE HOME LOANS, INC. 1 5.63% $12,870
    Equity Prime Mortgage LLC 1 7.63% $8,644
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.75% $6,854
    Fifth Third Bank 1 6.50% $5,741
    FREEDOM MORTGAGE CORPORATION 1 6.75% $7,825
    MILESTONE HOME LENDING, LLC 1 5.75% $10,769
    MOVEMENT MORTGAGE, LLC 1 7.13% $11,572
    Old National Bank 1 7.50% $3,629
    AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $10,909
    PANORAMA MORTGAGE GROUP, LLC 1 7.25% $8,453
    PENTAGON FEDERAL CREDIT UNION 1 6.00% $5,490
    Plains Commerce Bank 1 6.99% $5,184
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $11,450
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $6,746
    Prosperity Home Mortgage, LLC 1 6.88% $4,471
    Regions Bank 1 6.25% $5,172
    ROYAL UNITED MORTGAGE LLC 1 6.25% $10,787

    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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $129,450 (23.7%) $196,952 (23.4%) 0.00 132
    2018-02-01 $137,800 (23.7%) $202,921 (21.5%) 0.00 135
    2018-03-01 $138,900 (29.3%) $198,633 (19.6%) 0.00 131
    2018-04-01 $129,900 (8.3%) $194,752 (10.7%) 0.00 129
    2018-05-01 $139,925 (16.6%) $191,249 (4.0%) 0.00 136
    2018-06-01 $144,900 (18.4%) $193,330 (6.2%) 0.00 146
    2018-07-01 $149,900 (3.5%) $204,400 (-3.0%) 0.00 152
    2018-08-01 $147,300 (0.6%) $203,195 (-3.1%) 0.00 157
    2018-09-01 $139,900 (-5.8%) $205,696 (-1.2%) 0.00 149
    2018-10-01 $134,800 (-7.0%) $188,352 (-11.2%) 0.00 163
    2018-11-01 $129,800 (-6.8%) $194,311 (-8.1%) 0.00 154
    2018-12-01 $142,900 (10.0%) $196,115 (-2.9%) 0.00 136
    2019-01-01 $123,700 (-4.4%) $190,877 (-3.1%) 0.00 125
    2019-02-01 $113,225 (-17.8%) $143,967 (-29.1%) 0.00 100
    2019-03-01 $125,671 (-9.5%) $159,470 (-19.7%) 0.00 95
    2019-04-01 $140,950 (8.5%) $165,601 (-15.0%) 0.00 87
    2019-05-01 $149,475 (6.8%) $189,282 (-1.0%) 0.00 93
    2019-06-01 $141,200 (-2.6%) $186,656 (-3.5%) 0.00 100
    2019-07-01 $154,925 (3.4%) $191,422 (-6.4%) 0.00 121
    2019-08-01 $145,873 (-1.0%) $189,688 (-6.7%) 0.00 111
    2019-09-01 $139,757 (-0.1%) $186,496 (-9.3%) 0.00 119
    2019-10-01 $138,655 (2.9%) $183,519 (-2.6%) 0.00 126
    2019-11-01 $145,000 (11.7%) $186,485 (-4.0%) 0.00 118
    2019-12-01 $144,225 (0.9%) $188,028 (-4.1%) 0.00 110
    2020-01-01 $145,000 (17.2%) $202,398 (6.0%) 0.00 107
    2020-02-01 $144,450 (27.6%) $202,219 (40.5%) 0.00 99
    2020-03-01 $148,500 (18.2%) $213,446 (33.9%) 0.00 87
    2020-04-01 $149,975 (6.4%) $221,780 (33.9%) 0.00 79
    2020-05-01 $179,700 (20.2%) $238,301 (25.9%) 0.00 64
    2020-06-01 $179,500 (27.1%) $252,649 (35.4%) 0.00 54
    2020-07-01 $185,425 (19.7%) $253,685 (32.5%) 0.00 55
    2020-08-01 $179,500 (23.1%) $239,373 (26.2%) 0.00 56
    2020-09-01 $170,925 (22.3%) $231,479 (24.1%) 0.00 53
    2020-10-01 $147,250 (6.2%) $228,322 (24.4%) 0.00 52
    2020-11-01 $168,200 (16.0%) $229,859 (23.3%) 0.00 50
    2020-12-01 $176,725 (22.5%) $236,659 (25.9%) 0.00 43
    2021-01-01 $172,450 (18.9%) $228,929 (13.1%) 0.00 35
    2021-02-01 $189,925 (31.5%) $259,540 (28.4%) 0.00 28
    2021-03-01 $178,500 (20.2%) $264,054 (23.7%) 0.00 28
    2021-04-01 $223,125 (48.8%) $278,494 (25.6%) 0.00 28
    2021-05-01 $223,700 (24.5%) $271,771 (14.1%) 0.00 36
    2021-06-01 $198,575 (10.6%) $264,870 (4.8%) 0.00 40
    2021-07-01 $224,889 (21.3%) $251,344 (-0.9%) 0.00 52
    2021-08-01 $185,675 (3.4%) $235,506 (-1.6%) 0.00 55
    2021-09-01 $192,675 (12.7%) $242,766 (4.9%) 0.00 57
    2021-10-01 $199,900 (35.8%) $255,824 (12.1%) 0.00 50
    2021-11-01 $200,675 (19.3%) $265,220 (15.4%) 0.00 54
    2021-12-01 $197,500 (11.8%) $262,232 (10.8%) 0.00 58
    2022-01-01 $187,099 (8.5%) $268,701 (17.4%) 0.00 41
    2022-02-01 $187,500 (-1.3%) $273,675 (5.5%) 0.00 31
    2022-03-01 $189,200 (6.0%) $298,254 (13.0%) 0.00 29
    2022-04-01 $170,000 (-23.8%) $277,780 (-0.3%) 0.00 34
    2022-05-01 $219,950 (-1.7%) $293,071 (7.8%) 0.00 46
    2022-06-01 $211,975 (6.8%) $277,482 (4.8%) 0.00 56
    2022-07-01 $221,700 (-1.4%) $269,455 (7.2%) 0.00 68
    2022-08-01 $204,750 (10.3%) $264,125 (12.2%) 0.00 64
    2022-09-01 $194,950 (1.2%) $263,689 (8.6%) 0.00 58
    2022-10-01 $217,950 (9.0%) $259,192 (1.3%) 0.00 68
    2022-11-01 $209,000 (4.2%) $267,845 (1.0%) 0.00 78
    2022-12-01 $210,000 (6.3%) $277,001 (5.6%) 0.00 78
    2023-01-01 $211,125 (12.8%) $273,716 (1.9%) 0.00 74
    2023-02-01 $208,225 (11.1%) $270,951 (-1.0%) 0.00 59
    2023-03-01 $197,450 (4.4%) $258,375 (-13.4%) 0.00 58
    2023-04-01 $249,900 (47.0%) $285,639 (2.8%) 0.00 44
    2023-05-01 $204,450 (-7.1%) $276,719 (-5.6%) 0.00 50
    2023-06-01 $260,000 (22.7%) $292,722 (5.5%) 0.00 56
    2023-07-01 $279,950 (26.3%) $332,030 (23.2%) 0.00 49
    2023-08-01 $279,900 (36.7%) $317,046 (20.0%) 0.00 54
    2023-09-01 $275,000 (41.1%) $313,233 (18.8%) 0.00 64
    2023-10-01 $252,450 (15.8%) $294,424 (13.6%) 0.00 86
    2023-11-01 $248,700 (19.0%) $293,732 (9.7%) 0.00 86
    2023-12-01 $249,950 (19.0%) $300,816 (8.6%) 0.00 83
    2024-01-01 $270,000 (27.9%) $317,538 (16.0%) 0.00 66
    2024-02-01 $286,000 (37.4%) $315,750 (16.5%) 0.00 61
    2024-03-01 $300,000 (51.9%) $342,307 (32.5%) 0.00 52
    2024-04-01 $276,950 (10.8%) $326,035 (14.1%) 0.00 50
    2024-05-01 $263,700 (29.0%) $325,315 (17.6%) 0.00 57
    2024-06-01 $252,450 (-2.9%) $306,343 (4.7%) 0.00 65
    2024-07-01 $262,225 (-6.3%) $318,091 (-4.2%) 0.00 68
    2024-08-01 $249,500 (-10.9%) $299,694 (-5.5%) 0.00 78
    2024-09-01 $246,200 (-10.5%) $284,668 (-9.1%) 0.00 92
    2024-10-01 $235,450 (-6.7%) $282,392 (-4.1%) 0.00 90
    2024-11-01 $224,250 (-9.8%) $262,658 (-10.6%) 0.00 93
    2024-12-01 $228,675 (-8.5%) $272,141 (-9.5%) 0.00 84
    2025-01-01 $254,450 (-5.8%) $290,507 (-8.5%) 0.00 75
    Crawfordsville's median listing price for 2025-01-01 was $254,450, a difference of $-15,550 (-5.8%) versus the prior year and $25,775 versus the prior month.

    Crawfordsville's median listing price comes in at 0% of the national average.

    Crawfordsville's average listing price for 2025-01-01 was $290,507, a difference of $-27,031 (-8.5%) versus the prior year and $18,366 versus the prior month.

    For the 2025-01-01 period, Crawfordsville had 75 MLS listings, a difference of -9 listings (-11%) versus the prior month and 9 listings (14%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Crawfordsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,992 sqft
    2018-02-01 0 days 2,000 sqft
    2018-03-01 0 days 1,992 sqft
    2018-04-01 0 days 1,977 sqft
    2018-05-01 0 days 1,965 sqft
    2018-06-01 0 days 2,036 sqft
    2018-07-01 0 days 2,102 sqft
    2018-08-01 0 days 2,052 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 1,984 sqft
    2019-03-01 0 days 2,003 sqft
    2019-04-01 0 days 2,053 sqft
    2019-05-01 0 days 2,146 sqft
    2019-06-01 0 days 2,147 sqft
    2019-07-01 0 days 2,100 sqft
    2019-08-01 0 days 2,073 sqft
    2019-09-01 0 days 2,032 sqft
    2019-10-01 0 days 2,071 sqft
    2019-11-01 0 days 2,040 sqft
    2019-12-01 0 days 2,036 sqft
    2020-01-01 0 days 1,905 sqft
    2020-02-01 0 days 1,984 sqft
    2020-03-01 0 days 1,902 sqft
    2020-04-01 0 days 2,048 sqft
    2020-05-01 0 days 2,068 sqft
    2020-06-01 0 days 2,062 sqft
    2020-07-01 0 days 2,129 sqft
    2020-08-01 0 days 2,179 sqft
    2020-09-01 0 days 2,245 sqft
    2020-10-01 0 days 2,150 sqft
    2020-11-01 0 days 2,335 sqft
    2020-12-01 0 days 2,216 sqft
    2021-01-01 0 days 2,073 sqft
    2021-02-01 0 days 1,969 sqft
    2021-03-01 0 days 2,041 sqft
    2021-04-01 0 days 2,204 sqft
    2021-05-01 0 days 2,071 sqft
    2021-06-01 0 days 2,030 sqft
    2021-07-01 0 days 2,075 sqft
    2021-08-01 0 days 2,043 sqft
    2021-09-01 0 days 2,142 sqft
    2021-10-01 0 days 2,028 sqft
    2021-11-01 0 days 2,162 sqft
    2021-12-01 0 days 2,090 sqft
    2022-01-01 0 days 2,000 sqft
    2022-02-01 0 days 2,084 sqft
    2022-03-01 0 days 1,959 sqft
    2022-04-01 0 days 2,029 sqft
    2022-05-01 0 days 2,019 sqft
    2022-06-01 0 days 2,034 sqft
    2022-07-01 0 days 2,034 sqft
    2022-08-01 0 days 2,152 sqft
    2022-09-01 0 days 1,980 sqft
    2022-10-01 0 days 2,000 sqft
    2022-11-01 0 days 1,937 sqft
    2022-12-01 0 days 1,976 sqft
    2023-01-01 0 days 1,886 sqft
    2023-02-01 0 days 1,854 sqft
    2023-03-01 0 days 1,786 sqft
    2023-04-01 0 days 2,200 sqft
    2023-05-01 0 days 2,019 sqft
    2023-06-01 0 days 2,049 sqft
    2023-07-01 0 days 2,260 sqft
    2023-08-01 0 days 2,207 sqft
    2023-09-01 0 days 2,275 sqft
    2023-10-01 0 days 2,283 sqft
    2023-11-01 0 days 2,244 sqft
    2023-12-01 0 days 2,228 sqft
    2024-01-01 0 days 2,240 sqft
    2024-02-01 0 days 2,372 sqft
    2024-03-01 0 days 2,459 sqft
    2024-04-01 0 days 2,354 sqft
    2024-05-01 0 days 2,058 sqft
    2024-06-01 0 days 2,112 sqft
    2024-07-01 0 days 2,272 sqft
    2024-08-01 0 days 2,145 sqft
    2024-09-01 0 days 2,095 sqft
    2024-10-01 0 days 2,212 sqft
    2024-11-01 0 days 2,068 sqft
    2024-12-01 0 days 1,993 sqft
    2025-01-01 0 days 2,030 sqft
    Crawfordsville's median listing age (time on market) for 2025-01-01 was 0 days.

    Crawfordsville's median square footage for active listings during the 2025-01-01 period was 2,030 sqft. One year prior, the average listing was 2,240 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).