Deltona FHA Loan Rates, Closing Costs & Stats
DELTONA-DAYTONA BEACH-ORMOND BEACH, 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.
Deltona's 239 lenders originated 5,962 FHA loans during 2021. The total origination value was $1,315,040,000, with an average FHA loan value of $220,570.
Deltona FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Deltona
averaged
6.54%
for the week of 2022-12-02, compared to the national average (all FHA variants) of
6.466% for the same period.
Deltona's average FHA mortgage closing costs are $7,502.
The average rate for the prior week (2022-11-25) was
6.36% and
one month ago for the week of 2022-10-28, the
average rate was 6.6%.
The average rate one year ago was 3.53%.
For refis of the same type during the week of 2022-12-02, the average rate
was 6.01%.
Deltona 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 Deltona level.
The top Deltona FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
545 FHA loans originated. Their average total fees are
$6,572, which is $205
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Deltona FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE ($2,895), OCEANSIDE MORTGAGE COMPANY ($3,566), AmeriHome Mortgage Company, LLC ($4,381), Bank of America ($4,449) and Lakeview Community Capital, LLC ($4,488).
The lowest rate Deltona FHA lenders (with over 10 loans originated) are
Seacoast National Bank (2.71%), Regions Bank (2.71%), QUICKEN LOANS, LLC (2.75%), HOME POINT FINANCIAL CORPORATION (2.78%) and PLANET HOME LENDING, LLC (2.79%).
Deltona FHA Loan Limits
| Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
|---|---|---|---|---|---|---|
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL | FLAGLER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL | VOLUSIA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Deltona (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 | $259,900 (0.0%) | $356,674 (-1.8%) | 0.96 | 4,545 |
| 2018-02-01 | $259,900 (-1.5%) | $355,907 (-3.7%) | 0.94 | 4,613 |
| 2018-03-01 | $264,500 (-0.7%) | $362,162 (-2.1%) | 0.93 | 4,674 |
| 2018-04-01 | $269,450 (0.6%) | $371,611 (0.3%) | 0.91 | 4,722 |
| 2018-05-01 | $274,850 (2.2%) | $372,907 (0.3%) | 0.92 | 4,790 |
| 2018-06-01 | $275,000 (2.1%) | $374,152 (-0.1%) | 0.92 | 4,807 |
| 2018-07-01 | $275,000 (3.8%) | $375,433 (1.8%) | 0.92 | 4,812 |
| 2018-08-01 | $275,000 (3.8%) | $375,025 (1.0%) | 0.92 | 4,774 |
| 2018-09-01 | $271,251 (2.4%) | $368,896 (0.0%) | 0.91 | 4,888 |
| 2018-10-01 | $269,950 (3.9%) | $366,539 (2.3%) | 0.91 | 5,041 |
| 2018-11-01 | $269,900 (3.1%) | $369,681 (3.8%) | 0.91 | 5,195 |
| 2018-12-01 | $269,900 (3.8%) | $372,361 (4.6%) | 0.93 | 5,203 |
| 2019-01-01 | $269,450 (3.7%) | $371,634 (4.2%) | 0.93 | 5,261 |
| 2019-02-01 | $270,430 (4.1%) | $375,012 (5.4%) | 0.91 | 5,382 |
| 2019-03-01 | $274,671 (3.9%) | $375,773 (3.8%) | 0.90 | 5,293 |
| 2019-04-01 | $277,175 (2.9%) | $376,593 (1.3%) | 0.88 | 5,113 |
| 2019-05-01 | $279,875 (1.8%) | $379,636 (1.8%) | 0.87 | 5,015 |
| 2019-06-01 | $279,590 (1.7%) | $377,380 (0.9%) | 0.87 | 5,062 |
| 2019-07-01 | $275,000 (0.0%) | $373,372 (-0.6%) | 0.86 | 4,991 |
| 2019-08-01 | $274,455 (-0.2%) | $369,588 (-1.5%) | 0.87 | 5,000 |
| 2019-09-01 | $273,636 (0.9%) | $368,314 (-0.2%) | 0.88 | 4,947 |
| 2019-10-01 | $273,091 (1.2%) | $367,465 (0.3%) | 0.88 | 4,910 |
| 2019-11-01 | $270,000 (0.0%) | $365,922 (-1.0%) | 0.89 | 4,864 |
| 2019-12-01 | $273,744 (1.4%) | $366,094 (-1.7%) | 0.91 | 4,761 |
| 2020-01-01 | $273,245 (1.4%) | $369,468 (-0.6%) | 0.91 | 4,758 |
| 2020-02-01 | $279,900 (3.5%) | $377,290 (0.6%) | 0.92 | 4,678 |
| 2020-03-01 | $279,450 (1.7%) | $375,496 (-0.1%) | 0.88 | 4,774 |
| 2020-04-01 | $274,950 (-0.8%) | $370,793 (-1.5%) | 0.86 | 4,879 |
| 2020-05-01 | $275,000 (-1.7%) | $372,117 (-2.0%) | 0.84 | 4,642 |
| 2020-06-01 | $279,000 (-0.2%) | $377,548 (0.0%) | 0.82 | 4,002 |
| 2020-07-01 | $279,900 (1.8%) | $384,577 (3.0%) | 0.81 | 3,558 |
| 2020-08-01 | $279,900 (2.0%) | $387,836 (4.9%) | 0.80 | 3,165 |
| 2020-09-01 | $286,450 (4.7%) | $399,842 (8.6%) | 0.82 | 2,914 |
| 2020-10-01 | $289,000 (5.8%) | $403,129 (9.7%) | 0.83 | 2,874 |
| 2020-11-01 | $289,000 (7.0%) | $402,447 (10.0%) | 0.84 | 2,823 |
| 2020-12-01 | $287,180 (4.9%) | $405,221 (10.7%) | 0.85 | 2,625 |
| 2021-01-01 | $289,900 (6.1%) | $412,641 (11.7%) | 0.87 | 2,321 |
| 2021-02-01 | $299,265 (6.9%) | $436,287 (15.6%) | 0.87 | 1,939 |
| 2021-03-01 | $302,450 (8.2%) | $446,989 (19.0%) | 0.86 | 1,544 |
| 2021-04-01 | $315,000 (14.6%) | $463,623 (25.0%) | 0.85 | 1,397 |
| 2021-05-01 | $319,900 (16.3%) | $468,149 (25.8%) | 0.85 | 1,403 |
| 2021-06-01 | $334,475 (19.9%) | $468,257 (24.0%) | 0.88 | 1,544 |
| 2021-07-01 | $330,000 (17.9%) | $458,922 (19.3%) | 0.87 | 1,732 |
| 2021-08-01 | $339,000 (21.1%) | $455,772 (17.5%) | 0.90 | 1,882 |
| 2021-09-01 | $342,500 (19.6%) | $460,127 (15.1%) | 0.91 | 2,002 |
| 2021-10-01 | $349,900 (21.1%) | $470,043 (16.6%) | 0.93 | 1,986 |
| 2021-11-01 | $349,900 (21.1%) | $478,819 (19.0%) | 0.93 | 1,918 |
| 2021-12-01 | $349,900 (21.8%) | $478,159 (18.0%) | 0.95 | 1,744 |
| 2022-01-01 | $349,600 (20.6%) | $472,790 (14.6%) | 0.95 | 1,509 |
| 2022-02-01 | $375,000 (25.3%) | $513,005 (17.6%) | 0.98 | 1,326 |
| 2022-03-01 | $379,000 (25.3%) | $526,105 (17.7%) | 0.95 | 1,261 |
| 2022-04-01 | $399,280 (26.8%) | $552,527 (19.2%) | 0.95 | 1,310 |
| 2022-05-01 | $402,300 (25.8%) | $550,957 (17.7%) | 0.92 | 1,716 |
| 2022-06-01 | $415,765 (24.3%) | $539,349 (15.2%) | 0.93 | 2,099 |
| 2022-07-01 | $402,235 (21.9%) | $530,202 (15.5%) | 0.91 | 2,738 |
| 2022-08-01 | $399,900 (18.0%) | $517,392 (13.5%) | 0.92 | 3,113 |
| 2022-09-01 | $399,383 (16.6%) | $505,566 (9.9%) | 0.93 | 3,170 |
| 2022-10-01 | $399,000 (14.0%) | $507,154 (7.9%) | 0.94 | 3,119 |
| 2022-11-01 | $395,000 (12.9%) | $502,744 (5.0%) | 0.95 | 3,374 |
Deltona's median listing price comes in at 95% of the national average.
Deltona's average listing price for 2022-11-01 was $502,744, a difference of $23,925 (5.0%) versus the prior year and $-4,410 versus the prior month.
For the 2022-11-01 period, Deltona had 3,374 MLS listings, a difference of 255 listings (8%) versus the prior month and 1,456 listings (76%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Deltona (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 78 days | 1,888 sqft |
| 2018-02-01 | 73 days | 1,864 sqft |
| 2018-03-01 | 65 days | 1,871 sqft |
| 2018-04-01 | 66 days | 1,866 sqft |
| 2018-05-01 | 69 days | 1,890 sqft |
| 2018-06-01 | 72 days | 1,895 sqft |
| 2018-07-01 | 75 days | 1,880 sqft |
| 2018-08-01 | 75 days | 1,872 sqft |
| 2018-09-01 | 72 days | 1,860 sqft |
| 2018-10-01 | 71 days | 1,860 sqft |
| 2018-11-01 | 72 days | 1,863 sqft |
| 2018-12-01 | 78 days | 1,859 sqft |
| 2019-01-01 | 82 days | 1,832 sqft |
| 2019-02-01 | 80 days | 1,841 sqft |
| 2019-03-01 | 76 days | 1,844 sqft |
| 2019-04-01 | 75 days | 1,845 sqft |
| 2019-05-01 | 76 days | 1,811 sqft |
| 2019-06-01 | 76 days | 1,815 sqft |
| 2019-07-01 | 76 days | 1,807 sqft |
| 2019-08-01 | 76 days | 1,806 sqft |
| 2019-09-01 | 78 days | 1,804 sqft |
| 2019-10-01 | 80 days | 1,802 sqft |
| 2019-11-01 | 74 days | 1,789 sqft |
| 2019-12-01 | 77 days | 1,785 sqft |
| 2020-01-01 | 81 days | 1,760 sqft |
| 2020-02-01 | 73 days | 1,765 sqft |
| 2020-03-01 | 64 days | 1,755 sqft |
| 2020-04-01 | 70 days | 1,728 sqft |
| 2020-05-01 | 80 days | 1,724 sqft |
| 2020-06-01 | 92 days | 1,732 sqft |
| 2020-07-01 | 80 days | 1,751 sqft |
| 2020-08-01 | 72 days | 1,731 sqft |
| 2020-09-01 | 62 days | 1,760 sqft |
| 2020-10-01 | 56 days | 1,774 sqft |
| 2020-11-01 | 57 days | 1,753 sqft |
| 2020-12-01 | 61 days | 1,718 sqft |
| 2021-01-01 | 65 days | 1,714 sqft |
| 2021-02-01 | 48 days | 1,714 sqft |
| 2021-03-01 | 46 days | 1,722 sqft |
| 2021-04-01 | 39 days | 1,727 sqft |
| 2021-05-01 | 35 days | 1,702 sqft |
| 2021-06-01 | 32 days | 1,713 sqft |
| 2021-07-01 | 32 days | 1,700 sqft |
| 2021-08-01 | 36 days | 1,696 sqft |
| 2021-09-01 | 38 days | 1,681 sqft |
| 2021-10-01 | 42 days | 1,702 sqft |
| 2021-11-01 | 44 days | 1,697 sqft |
| 2021-12-01 | 53 days | 1,689 sqft |
| 2022-01-01 | 47 days | 1,680 sqft |
| 2022-02-01 | 34 days | 1,683 sqft |
| 2022-03-01 | 32 days | 1,693 sqft |
| 2022-04-01 | 30 days | 1,724 sqft |
| 2022-05-01 | 29 days | 1,728 sqft |
| 2022-06-01 | 30 days | 1,753 sqft |
| 2022-07-01 | 32 days | 1,723 sqft |
| 2022-08-01 | 39 days | 1,709 sqft |
| 2022-09-01 | 49 days | 1,717 sqft |
| 2022-10-01 | 60 days | 1,724 sqft |
| 2022-11-01 | 63 days | 1,728 sqft |
Deltona's median square footage for active listings during the 2022-11-01 period was 1,728 sqft. One year prior, the average listing was 1,697 sqft.
