Crestview FHA Loans

CRESTVIEW-FORT WALTON BEACH-DESTIN, FL

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).