Dyersburg FHA Loan Rates, Closing Costs & Stats
Dyersburg, TN
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.
Dyersburg's 24 lenders originated 116 FHA loans during 2023. The total origination value was $22,070,000, with an average FHA loan value of $190,259.
Dyersburg FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Dyersburg
averaged
5.87%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
Dyersburg's average FHA mortgage closing costs are $5,933.
The average rate for the prior week (2024-10-04) was
5.69% and
one month ago for the week of 2024-09-06, the
average rate was 6.02%.
The average rate one year ago was 7.04%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.3%.
Dyersburg 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 Dyersburg level.
The top Dyersburg FHA lender as defined by loan originations is Leaders Credit Union, with
17 FHA loans originated. Their average total fees are
$5,166, which is $2,427
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Dyersburg FHA lenders (with over 10 loans originated) are
Leaders Credit Union ($5,166), Regions Bank ($7,036), QUICKEN LOANS, LLC ($7,593), .
The lowest rate Dyersburg FHA lenders (with over 10 loans originated) are
Regions Bank (6.08%), QUICKEN LOANS, LLC (6.20%), Leaders Credit Union (6.39%), .
Dyersburg FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
DYERSBURG, TN | DYER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
DYERSBURG, TN | DYER | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Dyersburg (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 | $115,500 (-11.5%) | $141,566 (-6.0%) | 0.00 | 111 |
2018-02-01 | $112,425 (-13.3%) | $144,130 (-5.3%) | 0.00 | 110 |
2018-03-01 | $118,500 (-8.8%) | $145,600 (-5.9%) | 0.00 | 102 |
2018-04-01 | $127,400 (-5.3%) | $152,310 (-0.2%) | 0.00 | 117 |
2018-05-01 | $126,700 (-5.2%) | $154,104 (-0.4%) | 0.00 | 130 |
2018-06-01 | $133,500 (-4.3%) | $162,459 (1.4%) | 0.00 | 131 |
2018-07-01 | $133,500 (2.8%) | $157,814 (2.9%) | 0.00 | 133 |
2018-08-01 | $132,450 (4.0%) | $154,272 (3.5%) | 0.00 | 135 |
2018-09-01 | $136,700 (9.8%) | $155,215 (5.6%) | 0.00 | 140 |
2018-10-01 | $148,650 (22.7%) | $165,813 (15.2%) | 0.00 | 137 |
2018-11-01 | $136,000 (13.4%) | $159,651 (10.7%) | 0.00 | 141 |
2018-12-01 | $138,000 (17.0%) | $160,570 (10.4%) | 0.00 | 133 |
2019-01-01 | $139,900 (21.1%) | $161,815 (14.3%) | 0.00 | 121 |
2019-02-01 | $144,200 (28.3%) | $165,088 (14.5%) | 0.00 | 119 |
2019-03-01 | $154,186 (30.1%) | $168,642 (15.8%) | 0.00 | 115 |
2019-04-01 | $159,900 (25.5%) | $169,778 (11.5%) | 0.00 | 119 |
2019-05-01 | $157,400 (24.2%) | $172,385 (11.9%) | 0.00 | 122 |
2019-06-01 | $154,700 (15.9%) | $173,422 (6.8%) | 0.00 | 114 |
2019-07-01 | $134,975 (1.1%) | $164,315 (4.1%) | 0.00 | 105 |
2019-08-01 | $139,091 (5.0%) | $162,871 (5.6%) | 0.00 | 104 |
2019-09-01 | $145,227 (6.2%) | $160,657 (3.5%) | 0.00 | 104 |
2019-10-01 | $150,000 (0.9%) | $159,439 (-3.8%) | 0.00 | 106 |
2019-11-01 | $154,900 (13.9%) | $165,472 (3.7%) | 0.00 | 100 |
2019-12-01 | $152,425 (10.5%) | $168,804 (5.1%) | 0.00 | 86 |
2020-01-01 | $149,900 (7.2%) | $164,682 (1.8%) | 0.00 | 89 |
2020-02-01 | $138,700 (-3.8%) | $155,846 (-5.6%) | 0.00 | 80 |
2020-03-01 | $143,000 (-7.3%) | $150,409 (-10.8%) | 0.00 | 80 |
2020-04-01 | $148,950 (-6.9%) | $156,599 (-7.8%) | 0.00 | 77 |
2020-05-01 | $149,250 (-5.2%) | $161,292 (-6.4%) | 0.00 | 80 |
2020-06-01 | $164,550 (6.4%) | $178,677 (3.0%) | 0.00 | 62 |
2020-07-01 | $161,450 (19.6%) | $171,369 (4.3%) | 0.00 | 62 |
2020-08-01 | $131,200 (-5.7%) | $165,520 (1.6%) | 0.00 | 59 |
2020-09-01 | $132,450 (-8.8%) | $164,942 (2.7%) | 0.00 | 39 |
2020-10-01 | $117,400 (-21.7%) | $145,814 (-8.6%) | 0.00 | 36 |
2020-11-01 | $119,000 (-23.2%) | $151,340 (-8.5%) | 0.00 | 39 |
2020-12-01 | $107,250 (-29.6%) | $151,791 (-10.1%) | 0.00 | 38 |
2021-01-01 | $104,950 (-30.0%) | $138,903 (-15.7%) | 0.00 | 34 |
2021-02-01 | $94,500 (-31.9%) | $126,282 (-19.0%) | 0.00 | 38 |
2021-03-01 | $78,000 (-45.5%) | $130,358 (-13.3%) | 0.00 | 32 |
2021-04-01 | $130,125 (-12.6%) | $181,957 (16.2%) | 0.00 | 27 |
2021-05-01 | $149,400 (0.1%) | $213,950 (32.7%) | 0.00 | 23 |
2021-06-01 | $134,450 (-18.3%) | $188,250 (5.4%) | 0.00 | 39 |
2021-07-01 | $139,900 (-13.4%) | $188,666 (10.1%) | 0.00 | 44 |
2021-08-01 | $139,500 (6.3%) | $172,890 (4.5%) | 0.00 | 53 |
2021-09-01 | $151,150 (14.1%) | $177,651 (7.7%) | 0.00 | 57 |
2021-10-01 | $154,900 (31.9%) | $182,128 (24.9%) | 0.00 | 48 |
2021-11-01 | $117,300 (-1.4%) | $169,215 (11.8%) | 0.00 | 50 |
2021-12-01 | $99,450 (-7.3%) | $148,042 (-2.5%) | 0.00 | 58 |
2022-01-01 | $85,000 (-19.0%) | $135,140 (-2.7%) | 0.00 | 48 |
2022-02-01 | $117,500 (24.3%) | $153,827 (21.8%) | 0.00 | 42 |
2022-03-01 | $136,175 (74.6%) | $172,291 (32.2%) | 0.00 | 37 |
2022-04-01 | $154,950 (19.1%) | $184,703 (1.5%) | 0.00 | 46 |
2022-05-01 | $171,950 (15.1%) | $199,708 (-6.7%) | 0.00 | 51 |
2022-06-01 | $158,450 (17.9%) | $202,585 (7.6%) | 0.00 | 49 |
2022-07-01 | $159,000 (13.7%) | $215,137 (14.0%) | 0.00 | 57 |
2022-08-01 | $198,650 (42.4%) | $241,876 (39.9%) | 0.00 | 68 |
2022-09-01 | $231,925 (53.4%) | $254,783 (43.4%) | 0.00 | 74 |
2022-10-01 | $239,500 (54.6%) | $261,365 (43.5%) | 0.00 | 70 |
2022-11-01 | $226,925 (93.5%) | $253,377 (49.7%) | 0.00 | 75 |
2022-12-01 | $247,250 (148.6%) | $261,697 (76.8%) | 0.00 | 71 |
2023-01-01 | $248,450 (192.3%) | $255,585 (89.1%) | 0.00 | 68 |
2023-02-01 | $238,950 (103.4%) | $245,211 (59.4%) | 0.00 | 54 |
2023-03-01 | $241,150 (77.1%) | $239,532 (39.0%) | 0.00 | 52 |
2023-04-01 | $226,200 (46.0%) | $236,987 (28.3%) | 0.00 | 53 |
2023-05-01 | $229,900 (33.7%) | $236,862 (18.6%) | 0.00 | 53 |
2023-06-01 | $235,975 (48.9%) | $244,924 (20.9%) | 0.00 | 65 |
2023-07-01 | $224,250 (41.0%) | $254,703 (18.4%) | 0.00 | 54 |
2023-08-01 | $232,300 (16.9%) | $246,567 (1.9%) | 0.00 | 62 |
2023-09-01 | $214,950 (-7.3%) | $222,427 (-12.7%) | 0.00 | 71 |
2023-10-01 | $197,975 (-17.3%) | $215,769 (-17.5%) | 0.00 | 70 |
2023-11-01 | $194,450 (-14.3%) | $214,259 (-15.4%) | 0.00 | 77 |
2023-12-01 | $184,900 (-25.2%) | $221,346 (-15.4%) | 0.00 | 80 |
2024-01-01 | $189,825 (-23.6%) | $225,176 (-11.9%) | 0.00 | 83 |
2024-02-01 | $198,975 (-16.7%) | $226,582 (-7.6%) | 0.00 | 69 |
2024-03-01 | $224,900 (-6.7%) | $262,599 (9.6%) | 0.00 | 67 |
2024-04-01 | $232,325 (2.7%) | $257,581 (8.7%) | 0.00 | 81 |
2024-05-01 | $237,975 (3.5%) | $253,099 (6.9%) | 0.00 | 79 |
2024-06-01 | $229,900 (-2.6%) | $244,189 (-0.3%) | 0.00 | 82 |
2024-07-01 | $232,450 (3.7%) | $251,269 (-1.4%) | 0.00 | 73 |
2024-08-01 | $229,900 (-1.0%) | $248,398 (0.7%) | 0.00 | 80 |
2024-09-01 | $229,675 (6.9%) | $252,644 (13.6%) | 0.00 | 81 |
Dyersburg's median listing price comes in at 0% of the national average.
Dyersburg's average listing price for 2024-09-01 was $252,644, a difference of $30,217 (13.6%) versus the prior year and $4,246 versus the prior month.
For the 2024-09-01 period, Dyersburg had 81 MLS listings, a difference of 1 listings (1%) versus the prior month and 10 listings (14%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Dyersburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,665 sqft |
2018-02-01 | 0 days | 1,655 sqft |
2018-03-01 | 0 days | 1,648 sqft |
2018-04-01 | 0 days | 1,673 sqft |
2018-05-01 | 0 days | 1,648 sqft |
2018-06-01 | 0 days | 1,778 sqft |
2018-07-01 | 0 days | 1,769 sqft |
2018-08-01 | 0 days | 1,769 sqft |
2018-09-01 | 0 days | 1,792 sqft |
2018-10-01 | 0 days | 1,947 sqft |
2018-11-01 | 0 days | 1,865 sqft |
2018-12-01 | 0 days | 1,902 sqft |
2019-01-01 | 0 days | 1,847 sqft |
2019-02-01 | 0 days | 1,843 sqft |
2019-03-01 | 0 days | 1,847 sqft |
2019-04-01 | 0 days | 1,841 sqft |
2019-05-01 | 0 days | 1,882 sqft |
2019-06-01 | 0 days | 1,928 sqft |
2019-07-01 | 0 days | 1,848 sqft |
2019-08-01 | 0 days | 1,865 sqft |
2019-09-01 | 0 days | 1,902 sqft |
2019-10-01 | 0 days | 1,927 sqft |
2019-11-01 | 0 days | 1,946 sqft |
2019-12-01 | 0 days | 1,990 sqft |
2020-01-01 | 0 days | 2,022 sqft |
2020-02-01 | 0 days | 1,883 sqft |
2020-03-01 | 0 days | 1,862 sqft |
2020-04-01 | 0 days | 1,962 sqft |
2020-05-01 | 0 days | 1,915 sqft |
2020-06-01 | 0 days | 1,990 sqft |
2020-07-01 | 0 days | 2,089 sqft |
2020-08-01 | 0 days | 1,937 sqft |
2020-09-01 | 0 days | 2,073 sqft |
2020-10-01 | 0 days | 1,539 sqft |
2020-11-01 | 0 days | 1,604 sqft |
2020-12-01 | 0 days | 1,696 sqft |
2021-01-01 | 0 days | 1,512 sqft |
2021-02-01 | 0 days | 1,477 sqft |
2021-03-01 | 0 days | 1,440 sqft |
2021-04-01 | 0 days | 1,670 sqft |
2021-05-01 | 0 days | 1,891 sqft |
2021-06-01 | 0 days | 1,620 sqft |
2021-07-01 | 0 days | 1,642 sqft |
2021-08-01 | 0 days | 1,683 sqft |
2021-09-01 | 0 days | 1,801 sqft |
2021-10-01 | 0 days | 1,729 sqft |
2021-11-01 | 0 days | 1,510 sqft |
2021-12-01 | 0 days | 1,475 sqft |
2022-01-01 | 0 days | 1,392 sqft |
2022-02-01 | 0 days | 1,695 sqft |
2022-03-01 | 0 days | 1,677 sqft |
2022-04-01 | 0 days | 1,660 sqft |
2022-05-01 | 0 days | 1,696 sqft |
2022-06-01 | 0 days | 1,732 sqft |
2022-07-01 | 0 days | 1,782 sqft |
2022-08-01 | 0 days | 1,840 sqft |
2022-09-01 | 0 days | 1,871 sqft |
2022-10-01 | 0 days | 1,892 sqft |
2022-11-01 | 0 days | 1,876 sqft |
2022-12-01 | 0 days | 2,022 sqft |
2023-01-01 | 0 days | 2,025 sqft |
2023-02-01 | 0 days | 1,875 sqft |
2023-03-01 | 0 days | 1,938 sqft |
2023-04-01 | 0 days | 1,933 sqft |
2023-05-01 | 0 days | 1,943 sqft |
2023-06-01 | 0 days | 1,922 sqft |
2023-07-01 | 0 days | 1,987 sqft |
2023-08-01 | 0 days | 1,999 sqft |
2023-09-01 | 0 days | 1,869 sqft |
2023-10-01 | 0 days | 1,876 sqft |
2023-11-01 | 0 days | 1,840 sqft |
2023-12-01 | 0 days | 1,633 sqft |
2024-01-01 | 0 days | 1,635 sqft |
2024-02-01 | 0 days | 1,721 sqft |
2024-03-01 | 0 days | 1,789 sqft |
2024-04-01 | 0 days | 1,780 sqft |
2024-05-01 | 0 days | 1,805 sqft |
2024-06-01 | 0 days | 1,731 sqft |
2024-07-01 | 0 days | 1,727 sqft |
2024-08-01 | 0 days | 1,678 sqft |
2024-09-01 | 0 days | 1,695 sqft |
Dyersburg's median square footage for active listings during the 2024-09-01 period was 1,695 sqft. One year prior, the average listing was 1,869 sqft.