Crestview FHA Loans

CRESTVIEW-FORT WALTON BEACH-DESTIN, FL

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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.

    Crestview's 139 lenders originated 1,236 FHA loans during 2021. The total origination value was $283,080,000, with an average FHA loan value of $229,029.

    Crestview FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Crestview averaged 5.45% for the week of 2022-05-13, compared to the national average (all FHA variants) of 5.361% for the same period.

    The average rate for the prior week (2022-05-06) was 5.18% and one month ago for the week of 2022-04-08, the average rate was 4.74%.

    The average rate one year ago was 3.25%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.11%.

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

    Crestview FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Crestview level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    QUICKEN LOANS, LLC 96 2.80% $6,708
    Hometown Lenders, Inc. 74 3.35% $8,301
    BROKER SOLUTIONS, INC. 67 3.38% $8,455
    PRIMELENDING, A PLAINSCAPITAL COMPANY 53 3.31% $8,113
    UNITED WHOLESALE MORTGAGE, LLC 45 2.77% $8,277
    CALIBER HOME LOANS, INC. 45 2.87% $7,225
    LOANDEPOT.COM, LLC 31 3.40% $8,714
    PENNYMAC LOAN SERVICES, LLC 30 3.20% $5,356
    SUCCESS MORTGAGE PARTNERS, INC. 29 3.40% $9,168
    Bank of England 28 3.29% $10,853
    LAKEVIEW LOAN SERVICING, LLC 27 3.12% $4,352
    Mr. Cooper ( Nationstar Mortgage ) 27 3.35% $3,695
    UNIVERSITY LENDING GROUP, LLC 26 2.99% $8,044
    Waterstone Mortgage Corporation 25 3.49% $9,097
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 24 3.07% $7,350
    DHI MORTGAGE COMPANY, LTD. 23 2.76% $8,975
    FREEDOM MORTGAGE CORPORATION 22 3.04% $5,050
    MORTGAGE ONE OF THE SOUTH, INC. 16 2.41% $7,460
    CERTAINTY HOME LOANS, LLC 16 3.03% $7,605
    PRIMARY RESIDENTIAL MORTGAGE, INC. 14 3.36% $7,977
    CBM Mortgage, Inc. 14 3.00% $8,204
    Beach Community Mortgage Services, Inc. 13 2.63% $8,460
    Renasant Bank 13 2.82% $10,293
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 13 3.00% $9,476
    Trustmark National Bank 13 2.78% $8,444
    Centennial Bank 12 2.83% $8,698
    INTERLINC MORTGAGE SERVICES, LLC 11 3.11% $6,337
    CANOPY MORTGAGE, LLC 11 2.95% $8,211
    Hometown Equity Mortgage, LLC 10 3.51% $7,207
    GUARANTEED RATE, INC. 10 2.89% $9,409
    Regions Bank 9 2.89% $8,904
    HOME POINT FINANCIAL CORPORATION 9 2.76% $8,698
    FBC MORTGAGE, LLC 9 3.05% $11,363
    NEWREZ LLC 9 3.07% $5,993
    CROSSCOUNTRY MORTGAGE, LLC 8 3.30% $8,600
    VILLAGE CAPITAL & INVESTMENT LLC 8 3.06% $3,158
    AmeriHome Mortgage Company, LLC 8 2.95% $4,597
    Progress Bank and Trust 8 2.59% $11,045
    MSA MORTGAGE, LLC 7 2.84% $11,308
    INSPIRE HOME LOANS INC. 6 3.79% $10,307
    FIDELITY BANK 6 3.21% $11,118
    AMERISAVE MORTGAGE CORPORATION 6 3.04% $10,025
    Synovus Bank 5 2.73% $7,962
    BancorpSouth Bank 5 3.00% $7,464
    First Guaranty Mortgage Corporation 5 2.65% $7,036
    HOMEBRIDGE FINANCIAL SERVICES, INC. 5 3.10% $9,152
    MOVEMENT MORTGAGE, LLC 5 3.15% $10,816
    InterContinental Capital Group, Inc 5 2.60% $7,175
    AMERICAN FINANCIAL RESOURCES, INC. 4 3.09% $8,408
    Ameris Bank 4 3.22% $5,903
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 4 3.25% $12,342
    Lend Smart Mortgage, LLC 4 3.13% $8,612
    Equity Prime Mortgage LLC 4 3.34% $6,337
    PLAZA HOME MORTGAGE, INC. 4 2.87% $6,035
    PANORAMA MORTGAGE GROUP, LLC 4 3.34% $8,475
    GUILD MORTGAGE COMPANY 4 4.13% $10,794
    INLANTA MORTGAGE, INC. 3 2.92% $7,990
    LOANPAL, LLC 3 2.29% $8,518
    AMERICAN FINANCING CORPORATION 3 3.21% $7,115
    Nations Lending Corporation 3 2.92% $8,661
    Carrington Mortgage Services, LLC 3 3.33% $10,094
    AMERICAN MORTGAGE SERVICE COMPANY 3 3.17% $9,497
    NATIONS DIRECT MORTGAGE, LLC 2 3.25% $7,839
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 3.25% $11,591
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 3.00% $7,036
    CHURCHILL MORTGAGE CORPORATION 2 2.81% $9,645
    CMG MORTGAGE, INC. 2 2.75% $15,002
    Flagstar Bank, FSB 2 2.81% $7,687
    GUARANTEED RATE AFFINITY, LLC 2 2.88% $10,725
    HOMESIDE FINANCIAL, LLC 2 2.75% $7,463
    HOMESTAR FINANCIAL CORPORATION 2 3.31% $8,565
    Paramount Residential Mortgage Group, Inc. 2 3.63% $10,500
    Plains Commerce Bank 2 2.88% $9,896
    PLANET HOME LENDING, LLC 2 3.50% $11,911
    SHELTER MORTGAGE COMPANY, L.L.C. 2 3.12% $8,522
    STEARNS LENDING, LLC 2 2.44% $6,329
    United Community Bank 2 2.44% $12,233
    Midwest BankCentre 1 2.00% $9,705
    MORIA DEVELOPMENT, INC. 1 3.25% $10,887
    Mortgage Lenders Investment Trading Corporation 1 3.75% $10,712
    GMFS LLC 1 3.13% $12,180
    Mortgage Research Center, LLC 1 2.50% $2,697
    GENEVA FINANCIAL, LLC 1 2.88% $8,165
    FLAT BRANCH MORTGAGE, INC. 1 3.50% $13,200
    First Internet Bank of Indiana 1 3.25% $5,959
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.75% $7,670
    1ST SIGNATURE LENDING, LLC 1 3.63% $8,376
    FIRST HOME MORTGAGE CORPORATION 1 3.50% $10,941
    NBH Bank 1 2.50% $6,842
    NBKC BANK 1 2.75% $10,816
    First Heritage Mortgage, LLC 1 2.75% $6,854
    Northpointe Bank 1 3.13% $9,156
    ON Q FINANCIAL, INC. 1 3.13% $9,199
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 3.25% $7,047
    FIRST EQUITY MORTGAGE BANKERS, INC. 1 3.25% $7,955
    U.S. Bank 1 2.63% $9,215
    FIRST COMMUNITY MORTGAGE, INC. 1 3.00% $8,645
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 4.25% $12,127
    ALLIED MORTGAGE GROUP, INC. 1 2.50% $14,735
    FBT Mortgage, L.L.C. 1 2.75% $8,868
    EVERETT FINANCIAL, INC. 1 3.25% $6,492
    EMBRACE HOME LOANS, INC. 1 3.13% $6,976
    COUNTRYPLACE MORTGAGE, LTD. 1 3.50% $11,006
    Colten Mortgage, LLC 1 3.75% $8,230
    Citizens Bank 1 2.50% $8,360
    RELIANCE FIRST CAPITAL, LLC 1 2.75% $9,834
    CELEBRITY HOME LOANS, LLC 1 3.25% $9,703
    RESIDENTIAL HOME FUNDING CORP. 1 3.00% $12,796
    Residential Mortgage Solutions, Inc. 1 2.63% $8,099
    RUOFF MORTGAGE COMPANY, INC. 1 3.75% $7,523
    Sandy Spring Bank 1 2.88% $8,473
    ACOPIA, LLC 1 2.88% $13,656
    SIGNATURE MORTGAGE CORPORATION 1 3.38% $6,489
    BNC National Bank 1 2.75% $8,320
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 2.38% $5,277
    SOUTHWEST STAGE FUNDING, LLC 1 3.25% $4,991
    Willamette Valley Bank 1 2.75% $7,674
    Stifel Bank and Trust 1 2.88% $8,997
    BAYSHORE MORTGAGE FUNDING, LLC 1 3.88% $7,091
    SUN WEST MORTGAGE COMPANY, INC. 1 2.99% $4,117
    SWBC MORTGAGE CORPORATION 1 3.75% $7,494
    Barrington Bank & Trust Company, N.A. 1 3.25% $6,534
    THE MORTGAGE FIRM, INC. 1 3.63% $5,791
    The Union Bank Company 1 2.63% $8,825
    TOP FLITE FINANCIAL, INC. 1 2.88% $10,895
    TOTAL MORTGAGE SERVICES, LLC 1 3.13% $16,216
    Truist Bank 1 3.13% $9,184
    Bank of America 1 2.88% $2,584
    Tyndall Federal Credit Union 1 3.38% $8,416
    UNION HOME MORTGAGE CORP. 1 3.25% $9,491
    Wolfe Financial, Inc 1 3.13% $16,541
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.88% $11,950
    AMCAP MORTGAGE, LTD. 1 3.63% $9,325
    LADERA LENDING, INC. 1 3.00% $12,246
    HOMESPIRE MORTGAGE CORPORATION 1 2.38% $8,228
    Hancock Whitney Bank 1 2.38% $8,456
    LOANLEADERS OF AMERICA, INC. 1 3.25% $17,951
    HAMILTON HOME LOANS, INC. 1 3.75% $8,330
    MID AMERICA MORTGAGE, INC. 1 4.25% $8,880

    The top Crestview FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 96 FHA loans originated. Their average total fees are $6,708, which is $1,593 lower than the next largest lender, Hometown Lenders, Inc..

    The lowest fee Crestview FHA lenders (with over 10 loans originated) are Mr. Cooper ( Nationstar Mortgage ) ($3,695), LAKEVIEW LOAN SERVICING, LLC ($4,352), FREEDOM MORTGAGE CORPORATION ($5,050), PENNYMAC LOAN SERVICES, LLC ($5,356) and INTERLINC MORTGAGE SERVICES, LLC ($6,337).

    The lowest rate Crestview FHA lenders (with over 10 loans originated) are MORTGAGE ONE OF THE SOUTH, INC. (2.41%), Beach Community Mortgage Services, Inc. (2.63%), DHI MORTGAGE COMPANY, LTD. (2.76%), UNITED WHOLESALE MORTGAGE, LLC (2.77%) and Trustmark National Bank (2.78%).

    Crestview FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL OKALOOSA 2022 $539,350 $690,450 $834,600 $1,037,200
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL WALTON 2022 $539,350 $690,450 $834,600 $1,037,200

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Crestview (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 $361,450 (2.6%) $625,143 (-1.5%) 1.33 2,997
    2018-02-01 $367,350 (2.1%) $623,564 (-3.0%) 1.33 3,042
    2018-03-01 $367,000 (0.6%) $631,408 (-3.0%) 1.27 3,130
    2018-04-01 $369,950 (0.3%) $633,251 (-1.4%) 1.24 3,186
    2018-05-01 $372,500 (1.0%) $639,323 (-1.3%) 1.24 3,182
    2018-06-01 $372,725 (-0.5%) $630,607 (-2.8%) 1.24 3,237
    2018-07-01 $364,900 (-2.7%) $618,183 (-5.1%) 1.22 3,251
    2018-08-01 $359,900 (-5.3%) $620,633 (-5.0%) 1.20 3,210
    2018-09-01 $364,900 (-4.0%) $615,820 (-5.5%) 1.22 3,231
    2018-10-01 $366,450 (-2.3%) $624,284 (-3.7%) 1.23 3,180
    2018-11-01 $364,900 (-1.6%) $619,297 (-4.1%) 1.22 3,154
    2018-12-01 $375,000 (1.8%) $640,411 (-0.3%) 1.28 3,047
    2019-01-01 $377,000 (4.3%) $641,578 (2.6%) 1.30 2,915
    2019-02-01 $382,900 (4.2%) $656,868 (5.3%) 1.28 2,900
    2019-03-01 $399,714 (8.9%) $678,820 (7.5%) 1.30 2,951
    2019-04-01 $414,950 (12.2%) $701,816 (10.8%) 1.31 3,002
    2019-05-01 $424,000 (13.8%) $720,948 (12.8%) 1.31 2,964
    2019-06-01 $429,000 (15.1%) $733,726 (16.4%) 1.32 2,936
    2019-07-01 $436,250 (19.6%) $748,493 (21.1%) 1.36 2,892
    2019-08-01 $437,143 (21.5%) $752,535 (21.3%) 1.38 2,840
    2019-09-01 $440,000 (20.6%) $754,160 (22.5%) 1.40 2,804
    2019-10-01 $446,889 (22.0%) $748,630 (19.9%) 1.43 2,797
    2019-11-01 $449,000 (23.1%) $748,681 (20.9%) 1.45 2,770
    2019-12-01 $449,000 (19.7%) $746,254 (16.5%) 1.50 2,645
    2020-01-01 $452,500 (20.0%) $754,020 (17.5%) 1.51 2,494
    2020-02-01 $474,900 (24.0%) $775,338 (18.0%) 1.53 2,425
    2020-03-01 $481,500 (20.5%) $778,314 (14.7%) 1.50 2,596
    2020-04-01 $469,500 (13.2%) $756,726 (7.8%) 1.46 2,805
    2020-05-01 $470,000 (10.9%) $756,672 (5.0%) 1.42 2,784
    2020-06-01 $459,450 (7.1%) $758,067 (3.3%) 1.34 2,453
    2020-07-01 $461,950 (5.9%) $785,515 (5.0%) 1.32 2,221
    2020-08-01 $449,900 (2.9%) $792,223 (5.3%) 1.29 2,020
    2020-09-01 $449,425 (2.1%) $800,554 (6.2%) 1.28 1,876
    2020-10-01 $439,000 (-1.8%) $799,234 (6.8%) 1.25 1,757
    2020-11-01 $434,450 (-3.2%) $806,193 (7.7%) 1.24 1,708
    2020-12-01 $437,000 (-2.7%) $828,588 (11.0%) 1.28 1,582
    2021-01-01 $430,000 (-5.0%) $852,777 (13.1%) 1.27 1,366
    2021-02-01 $446,950 (-5.9%) $886,885 (14.4%) 1.29 1,111
    2021-03-01 $449,909 (-6.6%) $913,577 (17.4%) 1.26 964
    2021-04-01 $487,000 (3.7%) $956,881 (26.5%) 1.31 909
    2021-05-01 $525,000 (11.7%) $976,851 (29.1%) 1.38 922
    2021-06-01 $522,500 (13.7%) $975,804 (28.7%) 1.36 1,058
    2021-07-01 $549,000 (18.8%) $969,527 (23.4%) 1.43 1,298
    2021-08-01 $550,000 (22.3%) $943,454 (19.1%) 1.45 1,480
    2021-09-01 $556,500 (23.8%) $944,335 (18.0%) 1.46 1,511
    2021-10-01 $550,000 (25.3%) $962,108 (20.4%) 1.45 1,472
    2021-11-01 $561,450 (29.2%) $1,002,130 (24.3%) 1.48 1,379
    2021-12-01 $564,700 (29.2%) $1,013,020 (22.3%) 1.51 1,205
    2022-01-01 $569,000 (32.3%) $1,048,923 (23.0%) 1.52 973
    2022-02-01 $580,000 (29.8%) $1,136,094 (28.1%) 1.48 789
    2022-03-01 $599,448 (33.2%) $1,186,764 (29.9%) 1.48 852
    2022-04-01 $600,000 (23.2%) $1,208,179 (26.3%) 1.41 1,042
    Crestview's median listing price for 2022-04-01 was $600,000, a difference of $113,000 (23.2%) versus the prior year and $552 versus the prior month.

    Crestview's median listing price comes in at 141% of the national average.

    Crestview's average listing price for 2022-04-01 was $1,208,179, a difference of $251,298 (26.3%) versus the prior year and $21,415 versus the prior month.

    For the 2022-04-01 period, Crestview had 1,042 MLS listings, a difference of 190 listings (22%) versus the prior month and 133 listings (15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Crestview (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 120 days 1,946 sqft
    2018-02-01 114 days 1,950 sqft
    2018-03-01 95 days 1,959 sqft
    2018-04-01 81 days 1,961 sqft
    2018-05-01 79 days 1,979 sqft
    2018-06-01 84 days 1,978 sqft
    2018-07-01 89 days 1,954 sqft
    2018-08-01 94 days 1,931 sqft
    2018-09-01 96 days 1,924 sqft
    2018-10-01 101 days 1,901 sqft
    2018-11-01 102 days 1,886 sqft
    2018-12-01 107 days 1,884 sqft
    2019-01-01 113 days 1,885 sqft
    2019-02-01 108 days 1,902 sqft
    2019-03-01 93 days 1,921 sqft
    2019-04-01 77 days 1,947 sqft
    2019-05-01 76 days 1,957 sqft
    2019-06-01 80 days 1,942 sqft
    2019-07-01 87 days 1,939 sqft
    2019-08-01 87 days 1,934 sqft
    2019-09-01 88 days 1,927 sqft
    2019-10-01 87 days 1,941 sqft
    2019-11-01 92 days 1,945 sqft
    2019-12-01 97 days 1,942 sqft
    2020-01-01 101 days 1,948 sqft
    2020-02-01 102 days 1,950 sqft
    2020-03-01 78 days 1,964 sqft
    2020-04-01 73 days 1,963 sqft
    2020-05-01 79 days 1,932 sqft
    2020-06-01 87 days 1,883 sqft
    2020-07-01 72 days 1,896 sqft
    2020-08-01 65 days 1,863 sqft
    2020-09-01 64 days 1,865 sqft
    2020-10-01 64 days 1,814 sqft
    2020-11-01 66 days 1,845 sqft
    2020-12-01 65 days 1,823 sqft
    2021-01-01 72 days 1,825 sqft
    2021-02-01 63 days 1,818 sqft
    2021-03-01 38 days 1,871 sqft
    2021-04-01 29 days 1,907 sqft
    2021-05-01 25 days 1,924 sqft
    2021-06-01 25 days 1,866 sqft
    2021-07-01 28 days 1,867 sqft
    2021-08-01 35 days 1,846 sqft
    2021-09-01 41 days 1,833 sqft
    2021-10-01 49 days 1,819 sqft
    2021-11-01 54 days 1,877 sqft
    2021-12-01 61 days 1,894 sqft
    2022-01-01 70 days 1,909 sqft
    2022-02-01 61 days 1,921 sqft
    2022-03-01 41 days 1,955 sqft
    2022-04-01 37 days 1,963 sqft
    Crestview's median listing age (time on market) for 2022-04-01 was 37 days. This is 28% longer than the same period one year ago.

    Crestview's median square footage for active listings during the 2022-04-01 period was 1,963 sqft. One year prior, the average listing was 1,907 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).