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 124 lenders originated 805 FHA loans during 2023. The total origination value was $284,555,000, with an average FHA loan value of $353,484.
Crestview FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Crestview
averaged
-0.36%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Crestview's average FHA mortgage closing costs are $8,480.
The average rate for the prior week (2024-11-22) was
6.24% and
one month ago for the week of 2024-10-25, the
average rate was 6.21%.
The average rate one year ago was 7%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0%.
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
109 FHA loans originated. Their average total fees are
$10,816, which is $1,877
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Crestview FHA lenders (with over 10 loans originated) are
INSPIRE HOME LOANS INC. ($9,111), DHI MORTGAGE COMPANY, LTD. ($9,508), NEWREZ LLC ($10,293), EAGLE HOME MORTGAGE, LLC ($10,365) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($10,717).
The lowest rate Crestview FHA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (5.29%), DHI MORTGAGE COMPANY, LTD. (5.38%), INSPIRE HOME LOANS INC. (5.89%), CARDINAL FINANCIAL (6.06%) and QUICKEN LOANS, LLC (6.15%).
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 | $398,500 (4.2%) | $729,543 (0.0%) | 1.48 | 3,256 |
2018-02-01 | $399,000 (1.7%) | $717,782 (-3.0%) | 1.45 | 3,313 |
2018-03-01 | $399,000 (0.0%) | $730,276 (-2.0%) | 1.40 | 3,401 |
2018-04-01 | $399,250 (1.1%) | $735,377 (0.1%) | 1.35 | 3,472 |
2018-05-01 | $399,450 (0.4%) | $737,944 (-0.2%) | 1.33 | 3,477 |
2018-06-01 | $399,999 (0.0%) | $736,346 (-1.2%) | 1.33 | 3,541 |
2018-07-01 | $399,000 (-1.0%) | $728,970 (-3.1%) | 1.33 | 3,580 |
2018-08-01 | $397,000 (-5.0%) | $735,618 (-3.1%) | 1.33 | 3,529 |
2018-09-01 | $399,000 (-2.7%) | $725,507 (-3.4%) | 1.34 | 3,537 |
2018-10-01 | $399,450 (-0.6%) | $732,231 (-1.5%) | 1.35 | 3,494 |
2018-11-01 | $399,000 (-0.1%) | $728,089 (-0.8%) | 1.35 | 3,440 |
2018-12-01 | $417,000 (4.4%) | $754,393 (2.3%) | 1.44 | 3,327 |
2019-01-01 | $422,399 (6.0%) | $758,325 (4.0%) | 1.46 | 3,184 |
2019-02-01 | $427,500 (7.1%) | $771,619 (7.5%) | 1.44 | 3,182 |
2019-03-01 | $450,086 (12.8%) | $793,481 (8.7%) | 1.47 | 3,245 |
2019-04-01 | $469,100 (17.5%) | $818,991 (11.4%) | 1.49 | 3,323 |
2019-05-01 | $474,950 (18.9%) | $843,541 (14.3%) | 1.48 | 3,287 |
2019-06-01 | $477,767 (19.4%) | $843,547 (14.6%) | 1.49 | 3,264 |
2019-07-01 | $482,138 (20.8%) | $860,762 (18.1%) | 1.51 | 3,221 |
2019-08-01 | $489,034 (23.2%) | $873,717 (18.8%) | 1.55 | 3,195 |
2019-09-01 | $495,160 (24.1%) | $881,502 (21.5%) | 1.58 | 3,183 |
2019-10-01 | $499,963 (25.2%) | $887,141 (21.2%) | 1.61 | 3,173 |
2019-11-01 | $500,000 (25.3%) | $885,588 (21.6%) | 1.64 | 3,096 |
2019-12-01 | $499,900 (19.9%) | $883,288 (17.1%) | 1.67 | 2,961 |
2020-01-01 | $505,000 (19.6%) | $880,533 (16.1%) | 1.69 | 2,800 |
2020-02-01 | $525,000 (22.8%) | $901,590 (16.8%) | 1.72 | 2,718 |
2020-03-01 | $530,146 (17.8%) | $905,035 (14.1%) | 1.66 | 2,890 |
2020-04-01 | $519,875 (10.8%) | $874,087 (6.7%) | 1.63 | 3,121 |
2020-05-01 | $525,000 (10.5%) | $881,975 (4.6%) | 1.60 | 3,118 |
2020-06-01 | $499,950 (4.6%) | $895,456 (6.2%) | 1.47 | 2,716 |
2020-07-01 | $508,000 (5.4%) | $929,291 (8.0%) | 1.47 | 2,460 |
2020-08-01 | $499,000 (2.0%) | $941,820 (7.8%) | 1.43 | 2,245 |
2020-09-01 | $497,975 (0.6%) | $940,559 (6.7%) | 1.43 | 2,068 |
2020-10-01 | $489,900 (-2.0%) | $968,458 (9.2%) | 1.40 | 1,927 |
2020-11-01 | $479,000 (-4.2%) | $970,847 (9.6%) | 1.40 | 1,859 |
2020-12-01 | $473,978 (-5.2%) | $980,210 (11.0%) | 1.41 | 1,678 |
2021-01-01 | $468,900 (-7.2%) | $993,524 (12.8%) | 1.40 | 1,453 |
2021-02-01 | $473,393 (-9.8%) | $1,016,333 (12.7%) | 1.38 | 1,174 |
2021-03-01 | $499,000 (-5.9%) | $1,055,618 (16.6%) | 1.42 | 1,029 |
2021-04-01 | $565,000 (8.7%) | $1,121,784 (28.3%) | 1.53 | 983 |
2021-05-01 | $619,500 (18.0%) | $1,162,236 (31.8%) | 1.65 | 1,023 |
2021-06-01 | $599,450 (19.9%) | $1,153,952 (28.9%) | 1.58 | 1,182 |
2021-07-01 | $599,900 (18.1%) | $1,143,037 (23.0%) | 1.58 | 1,449 |
2021-08-01 | $599,950 (20.2%) | $1,128,583 (19.8%) | 1.60 | 1,649 |
2021-09-01 | $609,963 (22.5%) | $1,144,800 (21.7%) | 1.63 | 1,683 |
2021-10-01 | $599,900 (22.5%) | $1,141,658 (17.9%) | 1.60 | 1,614 |
2021-11-01 | $607,450 (26.8%) | $1,143,031 (17.7%) | 1.62 | 1,500 |
2021-12-01 | $601,275 (26.9%) | $1,150,481 (17.4%) | 1.63 | 1,295 |
2022-01-01 | $599,909 (27.9%) | $1,204,534 (21.2%) | 1.62 | 1,060 |
2022-02-01 | $604,725 (27.7%) | $1,268,593 (24.8%) | 1.57 | 859 |
2022-03-01 | $620,799 (24.4%) | $1,301,722 (23.3%) | 1.55 | 930 |
2022-04-01 | $646,485 (14.4%) | $1,347,231 (20.1%) | 1.54 | 1,163 |
2022-05-01 | $649,500 (4.8%) | $1,341,620 (15.4%) | 1.48 | 1,521 |
2022-06-01 | $685,800 (14.4%) | $1,390,186 (20.5%) | 1.53 | 1,878 |
2022-07-01 | $689,950 (15.0%) | $1,394,484 (22.0%) | 1.55 | 2,339 |
2022-08-01 | $667,125 (11.2%) | $1,360,971 (20.6%) | 1.54 | 2,496 |
2022-09-01 | $662,500 (8.6%) | $1,327,859 (16.0%) | 1.55 | 2,593 |
2022-10-01 | $669,000 (11.5%) | $1,320,969 (15.7%) | 1.57 | 2,683 |
2022-11-01 | $648,475 (6.8%) | $1,293,765 (13.2%) | 1.56 | 2,736 |
2022-12-01 | $639,900 (6.4%) | $1,294,220 (12.5%) | 1.58 | 2,615 |
2023-01-01 | $627,450 (4.6%) | $1,271,837 (5.6%) | 1.55 | 2,520 |
2023-02-01 | $632,200 (4.5%) | $1,288,481 (1.6%) | 1.53 | 2,468 |
2023-03-01 | $667,450 (7.5%) | $1,349,862 (3.7%) | 1.57 | 2,432 |
2023-04-01 | $699,500 (8.2%) | $1,405,742 (4.3%) | 1.63 | 2,470 |
2023-05-01 | $719,450 (10.8%) | $1,449,095 (8.0%) | 1.63 | 2,546 |
2023-06-01 | $725,000 (5.7%) | $1,450,078 (4.3%) | 1.63 | 2,663 |
2023-07-01 | $725,000 (5.1%) | $1,429,656 (2.5%) | 1.65 | 2,827 |
2023-08-01 | $719,800 (7.9%) | $1,417,101 (4.1%) | 1.65 | 2,941 |
2023-09-01 | $689,500 (4.1%) | $1,358,512 (2.3%) | 1.61 | 3,193 |
2023-10-01 | $677,000 (1.2%) | $1,319,775 (-0.1%) | 1.59 | 3,330 |
2023-11-01 | $649,450 (0.2%) | $1,291,771 (-0.2%) | 1.55 | 3,465 |
2023-12-01 | $639,250 (-0.1%) | $1,282,633 (-0.9%) | 1.56 | 3,411 |
2024-01-01 | $637,000 (1.5%) | $1,277,571 (0.5%) | 1.56 | 3,379 |
2024-02-01 | $642,350 (1.6%) | $1,276,889 (-0.9%) | 1.55 | 3,476 |
2024-03-01 | $644,000 (-3.5%) | $1,279,910 (-5.2%) | 1.52 | 3,848 |
2024-04-01 | $647,450 (-7.4%) | $1,281,343 (-8.9%) | 1.51 | 4,060 |
2024-05-01 | $649,450 (-9.7%) | $1,266,781 (-12.6%) | 1.47 | 4,185 |
2024-06-01 | $649,000 (-10.5%) | $1,273,437 (-12.2%) | 1.46 | 4,382 |
2024-07-01 | $635,000 (-12.4%) | $1,270,901 (-11.1%) | 1.45 | 4,463 |
2024-08-01 | $619,000 (-14.0%) | $1,251,596 (-11.7%) | 1.44 | 4,505 |
2024-09-01 | $613,750 (-11.0%) | $1,237,934 (-8.9%) | 1.44 | 4,504 |
2024-10-01 | $611,213 (-9.7%) | $1,248,653 (-5.4%) | 1.44 | 4,244 |
Crestview's median listing price comes in at 144% of the national average.
Crestview's average listing price for 2024-10-01 was $1,248,653, a difference of $-71,122 (-5.4%) versus the prior year and $10,719 versus the prior month.
For the 2024-10-01 period, Crestview had 4,244 MLS listings, a difference of -260 listings (-6%) versus the prior month and 914 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 | 102 days | 1,965 sqft |
2018-02-01 | 94 days | 1,969 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 | 1,978 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 | 1,920 sqft |
2018-12-01 | 96 days | 1,922 sqft |
2019-01-01 | 101 days | 1,923 sqft |
2019-02-01 | 98 days | 1,945 sqft |
2019-03-01 | 84 days | 1,963 sqft |
2019-04-01 | 69 days | 1,980 sqft |
2019-05-01 | 67 days | 2,011 sqft |
2019-06-01 | 72 days | 1,981 sqft |
2019-07-01 | 76 days | 1,978 sqft |
2019-08-01 | 78 days | 1,985 sqft |
2019-09-01 | 78 days | 2,002 sqft |
2019-10-01 | 79 days | 2,012 sqft |
2019-11-01 | 81 days | 2,004 sqft |
2019-12-01 | 88 days | 2,000 sqft |
2020-01-01 | 93 days | 2,005 sqft |
2020-02-01 | 92 days | 2,005 sqft |
2020-03-01 | 65 days | 2,015 sqft |
2020-04-01 | 65 days | 2,008 sqft |
2020-05-01 | 74 days | 1,991 sqft |
2020-06-01 | 79 days | 1,960 sqft |
2020-07-01 | 61 days | 1,980 sqft |
2020-08-01 | 56 days | 1,943 sqft |
2020-09-01 | 53 days | 1,940 sqft |
2020-10-01 | 56 days | 1,904 sqft |
2020-11-01 | 53 days | 1,919 sqft |
2020-12-01 | 59 days | 1,894 sqft |
2021-01-01 | 64 days | 1,920 sqft |
2021-02-01 | 43 days | 1,881 sqft |
2021-03-01 | 29 days | 1,933 sqft |
2021-04-01 | 22 days | 1,957 sqft |
2021-05-01 | 21 days | 1,985 sqft |
2021-06-01 | 23 days | 1,923 sqft |
2021-07-01 | 27 days | 1,927 sqft |
2021-08-01 | 33 days | 1,907 sqft |
2021-09-01 | 38 days | 1,891 sqft |
2021-10-01 | 45 days | 1,870 sqft |
2021-11-01 | 51 days | 1,923 sqft |
2021-12-01 | 57 days | 1,928 sqft |
2022-01-01 | 61 days | 1,933 sqft |
2022-02-01 | 43 days | 1,933 sqft |
2022-03-01 | 34 days | 1,975 sqft |
2022-04-01 | 33 days | 1,999 sqft |
2022-05-01 | 32 days | 2,012 sqft |
2022-06-01 | 36 days | 2,018 sqft |
2022-07-01 | 42 days | 2,008 sqft |
2022-08-01 | 52 days | 1,998 sqft |
2022-09-01 | 59 days | 2,004 sqft |
2022-10-01 | 64 days | 2,010 sqft |
2022-11-01 | 72 days | 1,984 sqft |
2022-12-01 | 80 days | 1,982 sqft |
2023-01-01 | 85 days | 1,984 sqft |
2023-02-01 | 78 days | 1,961 sqft |
2023-03-01 | 64 days | 1,987 sqft |
2023-04-01 | 59 days | 2,000 sqft |
2023-05-01 | 59 days | 1,970 sqft |
2023-06-01 | 60 days | 1,947 sqft |
2023-07-01 | 63 days | 1,952 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 |
2023-12-01 | 79 days | 1,837 sqft |
2024-01-01 | 87 days | 1,830 sqft |
2024-02-01 | 87 days | 1,828 sqft |
2024-03-01 | 66 days | 1,823 sqft |
2024-04-01 | 65 days | 1,826 sqft |
2024-05-01 | 67 days | 1,824 sqft |
2024-06-01 | 71 days | 1,828 sqft |
2024-07-01 | 82 days | 1,832 sqft |
2024-08-01 | 88 days | 1,827 sqft |
2024-09-01 | 93 days | 1,824 sqft |
2024-10-01 | 94 days | 1,835 sqft |
Crestview's median square footage for active listings during the 2024-10-01 period was 1,835 sqft. One year prior, the average listing was 1,865 sqft.