Dubois FHA Loan Rates, Closing Costs & Stats

DuBois, PA

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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.

    Dubois's 32 lenders originated 112 FHA loans during 2023. The total origination value was $15,560,000, with an average FHA loan value of $138,929.

    Dubois FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Dubois averaged 6.23% for the week of 2024-11-08, compared to the national average (all FHA variants) of 6.425% for the same period.

    Dubois's average FHA mortgage closing costs are $6,315.

    The average rate for the prior week (2024-11-01) was 6.31% and one month ago for the week of 2024-10-04, the average rate was 5.73%.

    The average rate one year ago was 7.27%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.23%.

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

    Dubois 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 Dubois level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 28 6.48% $8,846
    NEWREZ LLC 9 6.57% $6,475
    UNITED WHOLESALE MORTGAGE, LLC 6 6.82% $8,412
    Flagstar Bank, FSB 4 6.55% $7,757
    PENNYMAC LOAN SERVICES, LLC 3 6.50% $7,661
    NORWICH COMMERCIAL GROUP, INC. 3 6.88% $9,203
    FIRST HERITAGE FINANCIAL, LLC 3 6.41% $5,616
    BROKER SOLUTIONS, INC. 3 6.71% $7,156
    Century Mortgage Company DBA Century Lending Company 3 6.71% $6,136
    Citizens Bank 2 6.94% $10,227
    MOVEMENT MORTGAGE, LLC 2 7.25% $10,877
    FREEDOM MORTGAGE CORPORATION 2 7.25% $14,169
    Mortgage Research Center, LLC 2 7.44% $2,875
    AMERISAVE MORTGAGE CORPORATION 2 5.69% $7,735
    LAKEVIEW LOAN SERVICING, LLC 2 7.00% $7,887
    UNION HOME MORTGAGE CORP. 2 7.00% $7,274
    AFFORDABLE MORTGAGE ADVISORS, LLC. 2 6.69% $9,999
    WEST PENN FINANCIAL SERVICE CENTER, INC. 1 6.50% $6,646
    Bank of England 1 6.75% $7,126
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.63% $15,858
    First National Bank of Pennsylvania 1 6.50% $4,202
    FLAT BRANCH MORTGAGE, INC. 1 6.75% $5,761
    HOMESIDE FINANCIAL, LLC 1 6.38% $4,862
    JMAC LENDING, INC. 1 6.63% $19,827
    LEADERONE FINANCIAL CORPORATION 1 6.25% $6,508
    LOANDEPOT.COM, LLC 1 6.75% $4,987
    M&T Bank 1 7.25% $7,142
    Northwest Bank 1 7.13% $6,363
    PLAZA HOME MORTGAGE, INC. 1 6.25% $9,575
    PNC Bank 1 6.75% $6,232
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.50% $3,111
    TOP FLITE FINANCIAL, INC. 1 7.75% $8,074

    The top Dubois FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 28 FHA loans originated. Their average total fees are $8,846, which is $2,371 higher than the next largest lender, NEWREZ LLC.

    The lowest fee Dubois FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($8,846), .

    The lowest rate Dubois FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.48%), .

    Dubois FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    DUBOIS, PA CLEARFIELD 2022 $420,680 $538,650 $651,050 $809,150
    DUBOIS, PA CLEARFIELD 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Dubois (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 $119,675 (6.9%) $142,664 (-4.7%) 0.00 273
    2018-02-01 $119,900 (9.4%) $145,866 (-5.9%) 0.00 259
    2018-03-01 $125,000 (13.6%) $153,715 (-0.9%) 0.00 252
    2018-04-01 $130,000 (16.6%) $158,829 (4.4%) 0.00 263
    2018-05-01 $127,950 (10.8%) $164,521 (8.2%) 0.00 278
    2018-06-01 $125,000 (4.3%) $157,459 (0.8%) 0.00 291
    2018-07-01 $119,925 (0.0%) $156,586 (1.6%) 0.00 292
    2018-08-01 $119,900 (-0.7%) $153,710 (4.9%) 0.00 283
    2018-09-01 $118,500 (-5.1%) $154,802 (3.5%) 0.00 285
    2018-10-01 $117,500 (-4.7%) $152,599 (2.5%) 0.00 287
    2018-11-01 $118,500 (-4.5%) $155,182 (6.0%) 0.00 294
    2018-12-01 $105,000 (-12.5%) $150,811 (3.5%) 0.00 271
    2019-01-01 $100,550 (-16.0%) $148,147 (3.8%) 0.00 242
    2019-02-01 $102,450 (-14.6%) $146,765 (0.6%) 0.00 224
    2019-03-01 $107,143 (-14.3%) $153,416 (-0.2%) 0.00 230
    2019-04-01 $109,643 (-15.7%) $159,222 (0.3%) 0.00 238
    2019-05-01 $108,950 (-14.9%) $158,325 (-3.8%) 0.00 238
    2019-06-01 $114,900 (-8.1%) $161,370 (2.5%) 0.00 238
    2019-07-01 $120,000 (0.1%) $168,481 (7.6%) 0.00 255
    2019-08-01 $119,850 (0.0%) $171,578 (11.6%) 0.00 263
    2019-09-01 $119,625 (1.0%) $176,531 (14.0%) 0.00 261
    2019-10-01 $119,700 (1.9%) $179,700 (17.8%) 0.00 258
    2019-11-01 $119,900 (1.2%) $175,493 (13.1%) 0.00 250
    2019-12-01 $118,100 (12.5%) $173,572 (15.1%) 0.00 237
    2020-01-01 $119,900 (19.2%) $178,958 (20.8%) 0.00 222
    2020-02-01 $113,000 (10.3%) $177,583 (21.0%) 0.00 217
    2020-03-01 $119,450 (11.5%) $165,949 (8.2%) 0.00 209
    2020-04-01 $119,425 (8.9%) $159,813 (0.4%) 0.00 190
    2020-05-01 $119,950 (10.1%) $159,459 (0.7%) 0.00 188
    2020-06-01 $119,900 (4.4%) $152,410 (-5.6%) 0.00 186
    2020-07-01 $129,900 (8.3%) $169,929 (0.9%) 0.00 172
    2020-08-01 $120,000 (0.1%) $167,696 (-2.3%) 0.00 154
    2020-09-01 $129,900 (8.6%) $183,106 (3.7%) 0.00 149
    2020-10-01 $139,900 (16.9%) $200,067 (11.3%) 0.00 148
    2020-11-01 $125,000 (4.3%) $196,780 (12.1%) 0.00 142
    2020-12-01 $127,225 (7.7%) $190,865 (10.0%) 0.00 142
    2021-01-01 $120,000 (0.1%) $183,270 (2.4%) 0.00 138
    2021-02-01 $124,950 (10.6%) $193,452 (8.9%) 0.00 124
    2021-03-01 $122,475 (2.5%) $193,645 (16.7%) 0.00 111
    2021-04-01 $126,225 (5.7%) $192,910 (20.7%) 0.00 105
    2021-05-01 $109,000 (-9.1%) $199,779 (25.3%) 0.00 106
    2021-06-01 $125,950 (5.1%) $214,864 (41.0%) 0.00 105
    2021-07-01 $131,450 (1.2%) $221,062 (30.1%) 0.00 107
    2021-08-01 $132,800 (10.7%) $238,275 (42.1%) 0.00 121
    2021-09-01 $125,550 (-3.4%) $233,278 (27.4%) 0.00 133
    2021-10-01 $133,000 (-4.9%) $254,101 (27.0%) 0.00 130
    2021-11-01 $140,450 (12.4%) $261,707 (33.0%) 0.00 128
    2021-12-01 $128,375 (0.9%) $255,618 (33.9%) 0.00 116
    2022-01-01 $124,900 (4.1%) $239,560 (30.7%) 0.00 108
    2022-02-01 $120,850 (-3.3%) $241,799 (25.0%) 0.00 96
    2022-03-01 $139,500 (13.9%) $272,316 (40.6%) 0.00 90
    2022-04-01 $155,950 (23.6%) $243,372 (26.2%) 0.00 89
    2022-05-01 $146,200 (34.1%) $232,046 (16.2%) 0.00 92
    2022-06-01 $148,725 (18.1%) $228,750 (6.5%) 0.00 106
    2022-07-01 $158,900 (20.9%) $235,808 (6.7%) 0.00 114
    2022-08-01 $159,150 (19.8%) $230,786 (-3.1%) 0.00 122
    2022-09-01 $149,200 (18.8%) $237,671 (1.9%) 0.00 124
    2022-10-01 $141,000 (6.0%) $229,730 (-9.6%) 0.00 126
    2022-11-01 $146,250 (4.1%) $244,292 (-6.7%) 0.00 128
    2022-12-01 $144,000 (12.2%) $252,870 (-1.1%) 0.00 114
    2023-01-01 $147,725 (18.3%) $253,930 (6.0%) 0.00 105
    2023-02-01 $143,200 (18.5%) $257,508 (6.5%) 0.00 105
    2023-03-01 $158,750 (13.8%) $270,143 (-0.8%) 0.00 101
    2023-04-01 $152,000 (-2.5%) $267,613 (10.0%) 0.00 94
    2023-05-01 $152,475 (4.3%) $258,990 (11.6%) 0.00 84
    2023-06-01 $153,175 (3.0%) $247,033 (8.0%) 0.00 87
    2023-07-01 $167,400 (5.4%) $266,753 (13.1%) 0.00 103
    2023-08-01 $149,950 (-5.8%) $247,687 (7.3%) 0.00 108
    2023-09-01 $152,450 (2.2%) $255,257 (7.4%) 0.00 112
    2023-10-01 $158,650 (12.5%) $254,272 (10.7%) 0.00 116
    2023-11-01 $146,575 (0.2%) $230,632 (-5.6%) 0.00 116
    2023-12-01 $140,500 (-2.4%) $239,684 (-5.2%) 0.00 107
    2024-01-01 $141,850 (-4.0%) $241,520 (-4.9%) 0.00 98
    2024-02-01 $147,175 (2.8%) $250,055 (-2.9%) 0.00 90
    2024-03-01 $162,500 (2.4%) $275,887 (2.1%) 0.00 95
    2024-04-01 $177,950 (17.1%) $296,778 (10.9%) 0.00 92
    2024-05-01 $176,000 (15.4%) $291,567 (12.6%) 0.00 95
    2024-06-01 $194,250 (26.8%) $287,720 (16.5%) 0.00 107
    2024-07-01 $199,950 (19.4%) $286,382 (7.4%) 0.00 123
    2024-08-01 $180,000 (20.0%) $273,930 (10.6%) 0.00 140
    2024-09-01 $184,900 (21.3%) $268,967 (5.4%) 0.00 140
    2024-10-01 $170,975 (7.8%) $241,594 (-5.0%) 0.00 142
    Dubois's median listing price for 2024-10-01 was $170,975, a difference of $12,325 (7.8%) versus the prior year and $-13,925 versus the prior month.

    Dubois's median listing price comes in at 0% of the national average.

    Dubois's average listing price for 2024-10-01 was $241,594, a difference of $-12,678 (-5.0%) versus the prior year and $-27,373 versus the prior month.

    For the 2024-10-01 period, Dubois had 142 MLS listings, a difference of 2 listings (1%) versus the prior month and 26 listings (22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Dubois (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,746 sqft
    2018-02-01 0 days 1,735 sqft
    2018-03-01 0 days 1,816 sqft
    2018-04-01 0 days 1,843 sqft
    2018-05-01 0 days 1,825 sqft
    2018-06-01 0 days 1,800 sqft
    2018-07-01 0 days 1,819 sqft
    2018-08-01 0 days 1,821 sqft
    2018-09-01 0 days 1,800 sqft
    2018-10-01 0 days 1,778 sqft
    2018-11-01 0 days 1,727 sqft
    2018-12-01 0 days 1,696 sqft
    2019-01-01 0 days 1,658 sqft
    2019-02-01 0 days 1,658 sqft
    2019-03-01 0 days 1,706 sqft
    2019-04-01 0 days 1,746 sqft
    2019-05-01 0 days 1,680 sqft
    2019-06-01 0 days 1,705 sqft
    2019-07-01 0 days 1,720 sqft
    2019-08-01 0 days 1,733 sqft
    2019-09-01 0 days 1,731 sqft
    2019-10-01 0 days 1,723 sqft
    2019-11-01 0 days 1,664 sqft
    2019-12-01 0 days 1,655 sqft
    2020-01-01 0 days 1,657 sqft
    2020-02-01 0 days 1,662 sqft
    2020-03-01 0 days 1,656 sqft
    2020-04-01 0 days 1,663 sqft
    2020-05-01 0 days 1,688 sqft
    2020-06-01 0 days 1,714 sqft
    2020-07-01 0 days 1,752 sqft
    2020-08-01 0 days 1,664 sqft
    2020-09-01 0 days 1,676 sqft
    2020-10-01 0 days 1,696 sqft
    2020-11-01 0 days 1,605 sqft
    2020-12-01 0 days 1,576 sqft
    2021-01-01 0 days 1,536 sqft
    2021-02-01 0 days 1,581 sqft
    2021-03-01 0 days 1,558 sqft
    2021-04-01 0 days 1,572 sqft
    2021-05-01 0 days 1,506 sqft
    2021-06-01 0 days 1,643 sqft
    2021-07-01 0 days 1,650 sqft
    2021-08-01 0 days 1,680 sqft
    2021-09-01 0 days 1,669 sqft
    2021-10-01 0 days 1,800 sqft
    2021-11-01 0 days 1,842 sqft
    2021-12-01 0 days 1,725 sqft
    2022-01-01 0 days 1,613 sqft
    2022-02-01 0 days 1,602 sqft
    2022-03-01 0 days 1,650 sqft
    2022-04-01 0 days 1,755 sqft
    2022-05-01 0 days 1,551 sqft
    2022-06-01 0 days 1,539 sqft
    2022-07-01 0 days 1,721 sqft
    2022-08-01 0 days 1,684 sqft
    2022-09-01 0 days 1,661 sqft
    2022-10-01 0 days 1,578 sqft
    2022-11-01 0 days 1,679 sqft
    2022-12-01 0 days 1,732 sqft
    2023-01-01 0 days 1,659 sqft
    2023-02-01 0 days 1,668 sqft
    2023-03-01 0 days 1,686 sqft
    2023-04-01 0 days 1,645 sqft
    2023-05-01 0 days 1,624 sqft
    2023-06-01 0 days 1,668 sqft
    2023-07-01 0 days 1,754 sqft
    2023-08-01 0 days 1,619 sqft
    2023-09-01 0 days 1,636 sqft
    2023-10-01 0 days 1,754 sqft
    2023-11-01 0 days 1,534 sqft
    2023-12-01 0 days 1,581 sqft
    2024-01-01 0 days 1,568 sqft
    2024-02-01 0 days 1,740 sqft
    2024-03-01 0 days 1,800 sqft
    2024-04-01 0 days 1,832 sqft
    2024-05-01 0 days 1,832 sqft
    2024-06-01 0 days 1,848 sqft
    2024-07-01 0 days 1,718 sqft
    2024-08-01 0 days 1,742 sqft
    2024-09-01 0 days 1,751 sqft
    2024-10-01 0 days 1,715 sqft
    Dubois's median listing age (time on market) for 2024-10-01 was 0 days.

    Dubois's median square footage for active listings during the 2024-10-01 period was 1,715 sqft. One year prior, the average listing was 1,754 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).