Crestview FHA Loan Rates, Closing Costs & Stats
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 131 lenders originated 849 FHA loans during 2022. The total origination value was $219,455,000, with an average FHA loan value of $258,486.
Crestview FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Crestview
averaged
6.21%
for the week of 2023-12-01, compared to the national average (all FHA variants) of
6.949% for the same period.
Crestview's average FHA mortgage closing costs are $7,888.
The average rate for the prior week (2023-11-24) was
6.22% and
one month ago for the week of 2023-10-27, the
average rate was 6.93%.
The average rate one year ago was 5.85%.
For refis of the same type during the week of 2023-12-01, the average rate
was 5.55%.
Crestview 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 Crestview level.
The top Crestview FHA lender as defined by loan originations is BROKER SOLUTIONS, INC., with
70 FHA loans originated. Their average total fees are
$10,241, which is $1,362
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Crestview FHA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($6,451), The First, A National Banking Association ($7,776), UNIVERSITY LENDING GROUP, LLC ($8,674), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,152) and MOVEMENT MORTGAGE, LLC ($9,397).
The lowest rate Crestview FHA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC (3.84%), The First, A National Banking Association (3.93%), CALIBER HOME LOANS, INC. (4.27%), PENNYMAC LOAN SERVICES, LLC (4.30%) and QUICKEN LOANS, LLC (4.35%).
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 |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL | OKALOOSA | 2023 | $603,750 | $772,900 | $934,250 | $1,161,050 |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL | WALTON | 2023 | $603,750 | $772,900 | $934,250 | $1,161,050 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Crestview (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 | $397,675 (4.6%) | $728,947 (0.2%) | 1.47 | 3,248 |
2018-02-01 | $399,000 (1.8%) | $717,456 (-2.7%) | 1.45 | 3,303 |
2018-03-01 | $399,000 (0.3%) | $730,590 (-1.7%) | 1.40 | 3,393 |
2018-04-01 | $399,250 (1.1%) | $734,065 (0.0%) | 1.35 | 3,464 |
2018-05-01 | $399,350 (0.7%) | $734,733 (-0.5%) | 1.33 | 3,473 |
2018-06-01 | $399,999 (0.0%) | $733,544 (-1.3%) | 1.33 | 3,536 |
2018-07-01 | $399,000 (-0.3%) | $726,146 (-3.3%) | 1.33 | 3,575 |
2018-08-01 | $396,550 (-4.7%) | $732,668 (-3.3%) | 1.33 | 3,523 |
2018-09-01 | $398,750 (-2.6%) | $725,847 (-3.3%) | 1.34 | 3,535 |
2018-10-01 | $399,000 (-0.5%) | $732,601 (-1.4%) | 1.35 | 3,491 |
2018-11-01 | $399,000 (-0.1%) | $728,288 (-0.8%) | 1.35 | 3,435 |
2018-12-01 | $415,000 (4.0%) | $754,498 (2.3%) | 1.43 | 3,323 |
2019-01-01 | $420,200 (5.7%) | $758,553 (4.1%) | 1.45 | 3,178 |
2019-02-01 | $427,450 (7.1%) | $771,580 (7.5%) | 1.44 | 3,176 |
2019-03-01 | $449,571 (12.7%) | $792,916 (8.5%) | 1.47 | 3,238 |
2019-04-01 | $469,000 (17.5%) | $817,515 (11.4%) | 1.49 | 3,317 |
2019-05-01 | $474,950 (18.9%) | $842,106 (14.6%) | 1.48 | 3,283 |
2019-06-01 | $479,000 (19.8%) | $842,139 (14.8%) | 1.50 | 3,257 |
2019-07-01 | $482,804 (21.0%) | $859,378 (18.4%) | 1.51 | 3,212 |
2019-08-01 | $489,064 (23.3%) | $872,456 (19.1%) | 1.55 | 3,183 |
2019-09-01 | $495,159 (24.2%) | $880,322 (21.3%) | 1.58 | 3,170 |
2019-10-01 | $499,950 (25.3%) | $886,015 (20.9%) | 1.61 | 3,160 |
2019-11-01 | $500,000 (25.3%) | $886,124 (21.7%) | 1.64 | 3,086 |
2019-12-01 | $499,900 (20.5%) | $883,478 (17.1%) | 1.67 | 2,947 |
2020-01-01 | $505,000 (20.2%) | $880,361 (16.1%) | 1.69 | 2,789 |
2020-02-01 | $525,000 (22.8%) | $901,434 (16.8%) | 1.72 | 2,707 |
2020-03-01 | $530,146 (17.9%) | $904,813 (14.1%) | 1.66 | 2,878 |
2020-04-01 | $520,229 (10.9%) | $874,666 (7.0%) | 1.63 | 3,102 |
2020-05-01 | $525,000 (10.5%) | $882,726 (4.8%) | 1.60 | 3,098 |
2020-06-01 | $499,950 (4.4%) | $896,725 (6.5%) | 1.47 | 2,701 |
2020-07-01 | $509,000 (5.4%) | $930,809 (8.3%) | 1.48 | 2,449 |
2020-08-01 | $499,000 (2.0%) | $943,256 (8.1%) | 1.43 | 2,236 |
2020-09-01 | $499,000 (0.8%) | $940,788 (6.9%) | 1.43 | 2,060 |
2020-10-01 | $489,000 (-2.2%) | $960,273 (8.4%) | 1.40 | 1,921 |
2020-11-01 | $478,250 (-4.4%) | $962,170 (8.6%) | 1.40 | 1,855 |
2020-12-01 | $472,500 (-5.5%) | $976,125 (10.5%) | 1.41 | 1,676 |
2021-01-01 | $465,500 (-7.8%) | $985,060 (11.9%) | 1.39 | 1,450 |
2021-02-01 | $472,225 (-10.1%) | $1,010,709 (12.1%) | 1.38 | 1,172 |
2021-03-01 | $499,000 (-5.9%) | $1,052,340 (16.3%) | 1.42 | 1,026 |
2021-04-01 | $560,000 (7.6%) | $1,114,432 (27.4%) | 1.52 | 980 |
2021-05-01 | $619,000 (17.9%) | $1,150,402 (30.3%) | 1.65 | 1,017 |
2021-06-01 | $599,000 (19.8%) | $1,139,313 (27.1%) | 1.58 | 1,174 |
2021-07-01 | $599,000 (17.7%) | $1,137,644 (22.2%) | 1.58 | 1,444 |
2021-08-01 | $599,925 (20.2%) | $1,125,259 (19.3%) | 1.60 | 1,645 |
2021-09-01 | $609,900 (22.2%) | $1,140,674 (21.3%) | 1.63 | 1,680 |
2021-10-01 | $599,450 (22.6%) | $1,140,615 (18.8%) | 1.60 | 1,613 |
2021-11-01 | $607,425 (27.0%) | $1,143,415 (18.8%) | 1.62 | 1,500 |
2021-12-01 | $600,025 (27.0%) | $1,150,873 (17.9%) | 1.63 | 1,295 |
2022-01-01 | $599,909 (28.9%) | $1,203,382 (22.2%) | 1.62 | 1,057 |
2022-02-01 | $604,725 (28.1%) | $1,268,969 (25.6%) | 1.57 | 857 |
2022-03-01 | $620,799 (24.4%) | $1,302,105 (23.7%) | 1.55 | 928 |
2022-04-01 | $646,485 (15.4%) | $1,347,231 (20.9%) | 1.54 | 1,163 |
2022-05-01 | $649,500 (4.9%) | $1,341,437 (16.6%) | 1.48 | 1,520 |
2022-06-01 | $685,125 (14.4%) | $1,389,993 (22.0%) | 1.53 | 1,875 |
2022-07-01 | $689,900 (15.2%) | $1,393,214 (22.5%) | 1.55 | 2,337 |
2022-08-01 | $667,125 (11.2%) | $1,359,261 (20.8%) | 1.54 | 2,494 |
2022-09-01 | $662,250 (8.6%) | $1,326,133 (16.3%) | 1.55 | 2,591 |
2022-10-01 | $667,975 (11.4%) | $1,320,653 (15.8%) | 1.57 | 2,680 |
2022-11-01 | $646,954 (6.5%) | $1,292,133 (13.0%) | 1.56 | 2,736 |
2022-12-01 | $639,700 (6.6%) | $1,293,770 (12.4%) | 1.58 | 2,613 |
2023-01-01 | $627,450 (4.6%) | $1,271,351 (5.7%) | 1.56 | 2,518 |
2023-02-01 | $631,104 (4.4%) | $1,287,461 (1.5%) | 1.52 | 2,464 |
2023-03-01 | $662,500 (6.7%) | $1,345,085 (3.3%) | 1.56 | 2,431 |
2023-04-01 | $699,250 (8.2%) | $1,404,888 (4.3%) | 1.63 | 2,470 |
2023-05-01 | $717,000 (10.4%) | $1,449,542 (8.1%) | 1.62 | 2,546 |
2023-06-01 | $725,000 (5.8%) | $1,449,837 (4.3%) | 1.63 | 2,663 |
2023-07-01 | $725,000 (5.1%) | $1,430,036 (2.6%) | 1.65 | 2,827 |
2023-08-01 | $719,800 (7.9%) | $1,417,101 (4.3%) | 1.65 | 2,941 |
2023-09-01 | $689,500 (4.1%) | $1,358,512 (2.4%) | 1.61 | 3,193 |
2023-10-01 | $677,000 (1.4%) | $1,319,775 (-0.1%) | 1.59 | 3,330 |
2023-11-01 | $649,450 (0.4%) | $1,291,771 (0.0%) | 1.55 | 3,465 |
Crestview's median listing price comes in at 155% of the national average.
Crestview's average listing price for 2023-11-01 was $1,291,771, a difference of $-362 (0.0%) versus the prior year and $-28,004 versus the prior month.
For the 2023-11-01 period, Crestview had 3,465 MLS listings, a difference of 135 listings (4%) versus the prior month and 729 listings (27%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Crestview (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 101 days | 1,965 sqft |
2018-02-01 | 94 days | 1,970 sqft |
2018-03-01 | 72 days | 1,979 sqft |
2018-04-01 | 67 days | 1,978 sqft |
2018-05-01 | 68 days | 1,999 sqft |
2018-06-01 | 72 days | 2,000 sqft |
2018-07-01 | 78 days | 1,977 sqft |
2018-08-01 | 84 days | 1,970 sqft |
2018-09-01 | 85 days | 1,958 sqft |
2018-10-01 | 89 days | 1,933 sqft |
2018-11-01 | 89 days | 1,919 sqft |
2018-12-01 | 96 days | 1,921 sqft |
2019-01-01 | 101 days | 1,923 sqft |
2019-02-01 | 98 days | 1,944 sqft |
2019-03-01 | 84 days | 1,963 sqft |
2019-04-01 | 68 days | 1,980 sqft |
2019-05-01 | 67 days | 2,013 sqft |
2019-06-01 | 72 days | 1,981 sqft |
2019-07-01 | 75 days | 1,979 sqft |
2019-08-01 | 78 days | 1,985 sqft |
2019-09-01 | 78 days | 2,001 sqft |
2019-10-01 | 79 days | 2,011 sqft |
2019-11-01 | 80 days | 2,000 sqft |
2019-12-01 | 88 days | 1,998 sqft |
2020-01-01 | 92 days | 2,005 sqft |
2020-02-01 | 92 days | 2,005 sqft |
2020-03-01 | 65 days | 2,014 sqft |
2020-04-01 | 65 days | 2,007 sqft |
2020-05-01 | 73 days | 1,988 sqft |
2020-06-01 | 79 days | 1,957 sqft |
2020-07-01 | 61 days | 1,978 sqft |
2020-08-01 | 56 days | 1,941 sqft |
2020-09-01 | 52 days | 1,940 sqft |
2020-10-01 | 56 days | 1,896 sqft |
2020-11-01 | 53 days | 1,916 sqft |
2020-12-01 | 59 days | 1,892 sqft |
2021-01-01 | 64 days | 1,918 sqft |
2021-02-01 | 43 days | 1,881 sqft |
2021-03-01 | 29 days | 1,930 sqft |
2021-04-01 | 22 days | 1,953 sqft |
2021-05-01 | 21 days | 1,980 sqft |
2021-06-01 | 23 days | 1,919 sqft |
2021-07-01 | 27 days | 1,922 sqft |
2021-08-01 | 33 days | 1,903 sqft |
2021-09-01 | 38 days | 1,888 sqft |
2021-10-01 | 45 days | 1,870 sqft |
2021-11-01 | 51 days | 1,923 sqft |
2021-12-01 | 57 days | 1,927 sqft |
2022-01-01 | 61 days | 1,925 sqft |
2022-02-01 | 43 days | 1,933 sqft |
2022-03-01 | 34 days | 1,977 sqft |
2022-04-01 | 33 days | 2,004 sqft |
2022-05-01 | 32 days | 2,011 sqft |
2022-06-01 | 36 days | 2,018 sqft |
2022-07-01 | 42 days | 2,006 sqft |
2022-08-01 | 51 days | 1,997 sqft |
2022-09-01 | 59 days | 2,004 sqft |
2022-10-01 | 64 days | 2,009 sqft |
2022-11-01 | 72 days | 1,983 sqft |
2022-12-01 | 80 days | 1,982 sqft |
2023-01-01 | 85 days | 1,983 sqft |
2023-02-01 | 78 days | 1,958 sqft |
2023-03-01 | 64 days | 1,983 sqft |
2023-04-01 | 59 days | 2,000 sqft |
2023-05-01 | 59 days | 1,973 sqft |
2023-06-01 | 60 days | 1,946 sqft |
2023-07-01 | 62 days | 1,950 sqft |
2023-08-01 | 67 days | 1,941 sqft |
2023-09-01 | 65 days | 1,900 sqft |
2023-10-01 | 66 days | 1,865 sqft |
2023-11-01 | 71 days | 1,862 sqft |
Crestview's median square footage for active listings during the 2023-11-01 period was 1,862 sqft. One year prior, the average listing was 1,983 sqft.