East Stroudsburg FHA Loan Rates, Closing Costs & Stats

EAST STROUDSBURG, PA

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.

East Stroudsburg's 112 lenders originated 801 FHA loans during 2022. The total origination value was $186,245,000, with an average FHA loan value of $232,516.

East Stroudsburg FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in East Stroudsburg averaged 6.56% for the week of 2024-03-01, compared to the national average (all FHA variants) of 6.688% for the same period.

East Stroudsburg's average FHA mortgage closing costs are $8,138.

The average rate for the prior week (2024-02-23) was 6.35% and one month ago for the week of 2024-01-26, the average rate was 6.15%.

The average rate one year ago was 6.47%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.59%.

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

East Stroudsburg 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 East Stroudsburg level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 112 4.43% $10,262
CROSSCOUNTRY MORTGAGE, LLC 73 5.12% $12,314
Acre Mortgage and Financial Inc 33 5.66% $16,794
LOANDEPOT.COM, LLC 27 4.92% $7,221
CALIBER HOME LOANS, INC. 26 5.11% $11,996
UNITED WHOLESALE MORTGAGE, LLC 25 5.32% $13,232
Mr. Cooper ( Nationstar Mortgage ) 20 4.51% $13,257
MOVEMENT MORTGAGE, LLC 19 5.39% $10,033
PENNYMAC LOAN SERVICES, LLC 19 4.00% $9,947
FREEDOM MORTGAGE CORPORATION 16 5.38% $9,991
Paramount Residential Mortgage Group, Inc. 16 5.43% $13,328
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 14 4.96% $13,162
AMERISAVE MORTGAGE CORPORATION 13 4.63% $13,410
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 5.16% $12,141
NEWREZ LLC 12 4.61% $9,884
BROKER SOLUTIONS, INC. 10 5.19% $9,526
FINANCE OF AMERICA MORTGAGE LLC 10 5.00% $10,631
HOMESIDE FINANCIAL, LLC 9 5.47% $8,804
EVERETT FINANCIAL, INC. 9 4.69% $6,527
RELIANCE FIRST CAPITAL, LLC 8 4.61% $12,758
Carrington Mortgage Services, LLC 8 5.17% $12,205
Century Mortgage Company DBA Century Lending Company 8 4.42% $9,752
Semper Home Loans, Inc. 7 4.84% $8,532
GUARANTEED RATE, INC. 7 4.98% $13,178
RESIDENTIAL HOME FUNDING CORP. 7 5.11% $11,448
CARDINAL FINANCIAL 6 4.06% $13,353
NATIONWIDE MORTGAGE BANKERS, INC. 6 5.31% $12,605
Equity Prime Mortgage LLC 6 5.38% $12,175
UNION HOME MORTGAGE CORP. 6 5.50% $10,237
Mortgage America, Inc. 6 5.15% $8,868
Citizens Bank 5 3.95% $11,632
PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.30% $16,821
PNC Bank 5 4.48% $7,633
GUILD MORTGAGE COMPANY 5 5.45% $9,557
NFM, INC. 5 4.55% $10,055
ABSOLUTE HOME MORTGAGE CORPORATION 5 5.38% $13,505
TOP FLITE FINANCIAL, INC. 5 5.65% $14,935
ALLIED MORTGAGE GROUP, INC. 5 3.58% $11,816
Hometown Lenders, Inc. 5 4.67% $11,115
Prosperity Home Mortgage, LLC 5 5.20% $11,233
T2 FINANCIAL LLC 4 6.53% $17,419
EMM LOANS LLC 4 4.81% $11,372
HOME POINT FINANCIAL CORPORATION 4 4.47% $12,499
LAKEVIEW LOAN SERVICING, LLC 4 3.97% $7,587
MUTUAL OF OMAHA MORTGAGE, INC. 4 4.50% $15,091
NJ LENDERS CORP. 4 4.00% $8,998
UNITED NORTHERN MORTGAGE BANKERS LIMITED 4 6.03% $14,255
US MORTGAGE CORPORATION 4 4.91% $12,291
SWBC MORTGAGE CORPORATION 3 4.54% $5,405
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 4.88% $8,605
ROUNDPOINT MORTGAGE SERVICING CORPORATION 3 5.13% $3,716
FIRST ALLIANCE HOME MORTGAGE, LLC 3 5.46% $13,882
First Guaranty Mortgage Corporation 3 4.79% $13,471
CONTOUR MORTGAGE CORPORATION 3 4.83% $15,835
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 3 6.13% $17,099
RESIDENTIAL HOME MORTGAGE CORPORATION 3 5.88% $13,724
EMBRACE HOME LOANS, INC. 2 5.38% $10,890
TD Bank 2 5.00% $7,632
PENTAGON FEDERAL CREDIT UNION 2 5.00% $8,543
AmeriHome Mortgage Company, LLC 2 4.56% $9,922
TOTAL MORTGAGE SERVICES, LLC 2 6.13% $8,149
TOWNE MORTGAGE COMPANY 2 4.25% $10,819
AMERICAN PACIFIC MORTGAGE CORPORATION 2 4.38% $11,099
UNITED MORTGAGE CORP 2 5.38% $11,901
VILLAGE CAPITAL MORTGAGE 2 3.25% $2,555
GSF Mortgage Corporation 2 6.13% $12,723
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 4.75% $10,370
Meridian Bank Corporation 2 3.75% $12,678
LIBERTY HOME MORTGAGE CORPORATION 2 5.38% $10,111
GREENTREE MORTGAGE COMPANY, L.P. 2 4.31% $9,312
M&T Bank 2 6.13% $11,551
JPMorgan Chase Bank 2 3.75% $8,344
MLB RESIDENTIAL LENDING, LLC 2 4.94% $14,545
MLD MORTGAGE INC. 2 3.69% $9,131
Flagstar Bank, FSB 2 5.06% $17,203
BOND STREET MORTGAGE, LLC 2 6.25% $9,554
Wells Fargo Bank 2 4.56% $6,896
Northpointe Bank 2 4.13% $10,922
Mortgage Research Center, LLC 2 4.43% $5,737
AMERICAN FINANCIAL RESOURCES, INC. 1 5.13% $6,567
GREENWAY MORTGAGE FUNDING CORP. 1 2.88% $7,811
INLAND BANK & TRUST 1 5.25% $14,261
KELLER MORTGAGE, LLC 1 5.75% $16,379
LADERA LENDING, INC. 1 7.13% $11,956
Lakeland Bank 1 3.75% $7,205
Univest Bank and Trust Co. 1 4.25% $7,214
LENDING CAPITAL GROUP Inc 1 5.50% $18,857
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.50% $8,401
Magnolia Bank 1 5.25% $13,070
MILLENIUM HOME MORTGAGE, LLC 1 5.13% $8,761
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 4.25% $14,513
First National Bank of Pennsylvania 1 6.25% $7,025
First Home Bank 1 4.25% $8,013
U.S. Bank 1 3.38% $10,069
NEW DAY FINANCIAL, LLC 1 3.88% $2,570
Evolve Bank & Trust 1 5.25% $11,368
PANORAMA MORTGAGE GROUP, LLC 1 3.99% $13,180
EQUITY RESOURCES, INC. 1 5.63% $9,382
Plains Commerce Bank 1 4.75% $11,791
PLANET HOME LENDING, LLC 1 2.75% $4,788
PLAZA HOME MORTGAGE, INC. 1 5.00% $11,225
East Coast Capital Corp. 1 7.13% $8,661
DEVELOPER'S MORTGAGE COMPANY 1 5.75% $10,597
Princeton Mortgage Corporation 1 5.50% $17,862
CMG MORTGAGE, INC. 1 6.25% $11,818
CHURCHILL MORTGAGE CORPORATION 1 5.75% $6,800
RUOFF MORTGAGE COMPANY, INC. 1 3.25% $7,175
BEST CAPITAL FUNDING 1 3.88% $13,038
SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.75% $11,472
SUCCESS MORTGAGE PARTNERS, INC. 1 5.13% $9,495
Summit Mortgage Corporation 1 5.50% $10,429
The Federal Savings Bank 1 5.25% $11,452

The top East Stroudsburg FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 112 FHA loans originated. Their average total fees are $10,262, which is $2,053 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee East Stroudsburg FHA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC ($7,221), BROKER SOLUTIONS, INC. ($9,526), NEWREZ LLC ($9,884), PENNYMAC LOAN SERVICES, LLC ($9,947) and FREEDOM MORTGAGE CORPORATION ($9,991).

The lowest rate East Stroudsburg FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (4.00%), QUICKEN LOANS, LLC (4.43%), Mr. Cooper ( Nationstar Mortgage ) (4.51%), NEWREZ LLC (4.61%) and AMERISAVE MORTGAGE CORPORATION (4.63%).

East Stroudsburg FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - East Stroudsburg (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 $159,928 (1.0%) $200,111 (3.9%) 0.59 1,448
2018-02-01 $159,907 (0.1%) $201,246 (3.3%) 0.58 1,351
2018-03-01 $163,700 (2.4%) $204,538 (2.7%) 0.57 1,338
2018-04-01 $168,000 (1.9%) $206,632 (1.4%) 0.57 1,384
2018-05-01 $169,100 (1.9%) $206,021 (0.4%) 0.56 1,506
2018-06-01 $168,400 (-0.4%) $206,782 (1.1%) 0.56 1,607
2018-07-01 $171,525 (1.5%) $209,909 (2.1%) 0.57 1,682
2018-08-01 $171,375 (0.9%) $209,341 (1.8%) 0.57 1,719
2018-09-01 $172,350 (1.7%) $211,525 (3.9%) 0.58 1,677
2018-10-01 $176,450 (4.2%) $215,452 (5.2%) 0.60 1,601
2018-11-01 $179,450 (7.5%) $215,614 (6.5%) 0.61 1,517
2018-12-01 $175,000 (6.7%) $211,818 (5.1%) 0.60 1,399
2019-01-01 $173,738 (8.6%) $208,110 (4.0%) 0.60 1,274
2019-02-01 $177,000 (10.7%) $213,512 (6.1%) 0.60 1,227
2019-03-01 $178,743 (9.2%) $215,817 (5.5%) 0.58 1,231
2019-04-01 $178,743 (6.4%) $216,886 (5.0%) 0.57 1,294
2019-05-01 $179,900 (6.4%) $218,785 (6.2%) 0.56 1,403
2019-06-01 $179,900 (6.8%) $218,287 (5.6%) 0.56 1,579
2019-07-01 $179,900 (4.9%) $216,557 (3.2%) 0.56 1,656
2019-08-01 $181,311 (5.8%) $218,458 (4.4%) 0.57 1,665
2019-09-01 $183,386 (6.4%) $218,148 (3.1%) 0.59 1,653
2019-10-01 $185,450 (5.1%) $217,162 (0.8%) 0.60 1,623
2019-11-01 $189,000 (5.3%) $223,439 (3.6%) 0.62 1,449
2019-12-01 $185,450 (6.0%) $221,950 (4.8%) 0.62 1,290
2020-01-01 $185,950 (7.0%) $224,762 (8.0%) 0.62 1,185
2020-02-01 $189,900 (7.3%) $230,631 (8.0%) 0.62 1,105
2020-03-01 $195,000 (9.1%) $232,634 (7.8%) 0.61 1,086
2020-04-01 $199,000 (11.3%) $236,277 (8.9%) 0.62 1,010
2020-05-01 $199,900 (11.1%) $237,040 (8.3%) 0.61 1,015
2020-06-01 $211,750 (17.7%) $247,107 (13.2%) 0.62 965
2020-07-01 $219,450 (22.0%) $257,046 (18.7%) 0.64 801
2020-08-01 $225,000 (24.1%) $277,035 (26.8%) 0.64 679
2020-09-01 $229,900 (25.4%) $290,474 (33.2%) 0.66 621
2020-10-01 $239,999 (29.4%) $295,459 (36.1%) 0.69 600
2020-11-01 $242,725 (28.4%) $299,886 (34.2%) 0.71 588
2020-12-01 $252,246 (36.0%) $310,207 (39.8%) 0.75 549
2021-01-01 $265,000 (42.5%) $336,217 (49.6%) 0.79 434
2021-02-01 $279,000 (46.9%) $350,224 (51.9%) 0.81 368
2021-03-01 $279,000 (43.1%) $349,643 (50.3%) 0.79 367
2021-04-01 $279,450 (40.4%) $346,233 (46.5%) 0.76 414
2021-05-01 $279,000 (39.6%) $334,679 (41.2%) 0.74 502
2021-06-01 $279,950 (32.2%) $341,498 (38.2%) 0.74 576
2021-07-01 $289,900 (32.1%) $355,062 (38.1%) 0.76 690
2021-08-01 $289,900 (28.8%) $362,501 (30.9%) 0.77 738
2021-09-01 $297,000 (29.2%) $373,849 (28.7%) 0.79 712
2021-10-01 $295,000 (22.9%) $375,033 (26.9%) 0.79 665
2021-11-01 $298,700 (23.1%) $376,147 (25.4%) 0.80 591
2021-12-01 $299,900 (18.9%) $396,548 (27.8%) 0.81 491
2022-01-01 $319,950 (20.7%) $415,145 (23.5%) 0.87 408
2022-02-01 $324,975 (16.5%) $426,615 (21.8%) 0.85 348
2022-03-01 $325,000 (16.5%) $416,897 (19.2%) 0.81 366
2022-04-01 $335,000 (19.9%) $405,225 (17.0%) 0.80 438
2022-05-01 $349,950 (25.4%) $402,600 (20.3%) 0.80 563
2022-06-01 $349,900 (25.0%) $399,767 (17.1%) 0.78 690
2022-07-01 $349,900 (20.7%) $406,466 (14.5%) 0.79 842
2022-08-01 $349,900 (20.7%) $400,596 (10.5%) 0.81 846
2022-09-01 $348,750 (17.4%) $397,808 (6.4%) 0.82 858
2022-10-01 $348,000 (18.0%) $393,578 (4.9%) 0.82 833
2022-11-01 $336,125 (12.5%) $399,085 (6.1%) 0.81 779
2022-12-01 $330,000 (10.0%) $395,769 (-0.2%) 0.81 726
2023-01-01 $329,950 (3.1%) $395,679 (-4.7%) 0.82 643
2023-02-01 $330,000 (1.6%) $398,376 (-6.6%) 0.80 596
2023-03-01 $341,625 (5.1%) $404,447 (-3.0%) 0.81 557
2023-04-01 $350,000 (4.5%) $418,694 (3.3%) 0.81 577
2023-05-01 $350,000 (0.0%) $422,976 (5.1%) 0.79 629
2023-06-01 $353,750 (1.1%) $416,735 (4.2%) 0.79 697
2023-07-01 $359,000 (2.6%) $413,882 (1.8%) 0.82 762
2023-08-01 $359,498 (2.7%) $424,797 (6.0%) 0.83 776
2023-09-01 $359,900 (3.2%) $424,013 (6.6%) 0.84 819
2023-10-01 $355,000 (2.0%) $418,575 (6.4%) 0.84 829
2023-11-01 $350,000 (4.1%) $417,793 (4.7%) 0.83 821
2023-12-01 $350,000 (6.1%) $416,332 (5.2%) 0.85 766
2024-01-01 $349,975 (6.1%) $412,851 (4.3%) 0.85 723
East Stroudsburg's median listing price for 2024-01-01 was $349,975, a difference of $20,025 (6.1%) versus the prior year and $-25 versus the prior month.

East Stroudsburg's median listing price comes in at 85% of the national average.

East Stroudsburg's average listing price for 2024-01-01 was $412,851, a difference of $17,172 (4.3%) versus the prior year and $-3,481 versus the prior month.

For the 2024-01-01 period, East Stroudsburg had 723 MLS listings, a difference of -43 listings (-6%) versus the prior month and 80 listings (12%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - East Stroudsburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 106 days 1,801 sqft
2018-02-01 109 days 1,792 sqft
2018-03-01 100 days 1,789 sqft
2018-04-01 76 days 1,820 sqft
2018-05-01 62 days 1,828 sqft
2018-06-01 66 days 1,820 sqft
2018-07-01 67 days 1,825 sqft
2018-08-01 72 days 1,820 sqft
2018-09-01 83 days 1,836 sqft
2018-10-01 92 days 1,848 sqft
2018-11-01 95 days 1,860 sqft
2018-12-01 105 days 1,838 sqft
2019-01-01 106 days 1,809 sqft
2019-02-01 109 days 1,831 sqft
2019-03-01 94 days 1,835 sqft
2019-04-01 72 days 1,845 sqft
2019-05-01 64 days 1,880 sqft
2019-06-01 61 days 1,875 sqft
2019-07-01 68 days 1,883 sqft
2019-08-01 75 days 1,893 sqft
2019-09-01 82 days 1,897 sqft
2019-10-01 88 days 1,900 sqft
2019-11-01 92 days 1,896 sqft
2019-12-01 100 days 1,874 sqft
2020-01-01 107 days 1,879 sqft
2020-02-01 110 days 1,887 sqft
2020-03-01 91 days 1,889 sqft
2020-04-01 100 days 1,900 sqft
2020-05-01 109 days 1,900 sqft
2020-06-01 101 days 1,940 sqft
2020-07-01 66 days 1,944 sqft
2020-08-01 64 days 1,973 sqft
2020-09-01 54 days 2,019 sqft
2020-10-01 51 days 1,928 sqft
2020-11-01 53 days 1,903 sqft
2020-12-01 68 days 1,950 sqft
2021-01-01 82 days 2,002 sqft
2021-02-01 79 days 2,040 sqft
2021-03-01 65 days 2,019 sqft
2021-04-01 40 days 1,966 sqft
2021-05-01 33 days 1,933 sqft
2021-06-01 38 days 1,918 sqft
2021-07-01 37 days 1,910 sqft
2021-08-01 45 days 1,988 sqft
2021-09-01 52 days 1,979 sqft
2021-10-01 64 days 1,927 sqft
2021-11-01 73 days 1,948 sqft
2021-12-01 89 days 1,924 sqft
2022-01-01 85 days 1,996 sqft
2022-02-01 73 days 1,968 sqft
2022-03-01 39 days 1,952 sqft
2022-04-01 33 days 1,920 sqft
2022-05-01 32 days 1,910 sqft
2022-06-01 35 days 1,967 sqft
2022-07-01 39 days 1,962 sqft
2022-08-01 49 days 1,960 sqft
2022-09-01 58 days 1,959 sqft
2022-10-01 64 days 1,972 sqft
2022-11-01 70 days 1,974 sqft
2022-12-01 80 days 1,972 sqft
2023-01-01 79 days 1,926 sqft
2023-02-01 72 days 1,871 sqft
2023-03-01 63 days 1,881 sqft
2023-04-01 55 days 1,905 sqft
2023-05-01 48 days 1,865 sqft
2023-06-01 49 days 1,872 sqft
2023-07-01 50 days 1,901 sqft
2023-08-01 54 days 1,934 sqft
2023-09-01 57 days 1,950 sqft
2023-10-01 58 days 1,930 sqft
2023-11-01 62 days 1,924 sqft
2023-12-01 74 days 1,920 sqft
2024-01-01 79 days 1,908 sqft
East Stroudsburg's median listing age (time on market) for 2024-01-01 was 79 days. This is 1% longer than the same period one year ago.

East Stroudsburg's median square footage for active listings during the 2024-01-01 period was 1,908 sqft. One year prior, the average listing was 1,926 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).