Easton FHA Loan Rates, Closing Costs & Stats
Easton, MD
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.
Easton's 31 lenders originated 61 FHA loans during 2023. The total origination value was $24,875,000, with an average FHA loan value of $407,787.
Easton FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Easton
averaged
0.04%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Easton's average FHA mortgage closing costs are $10,862.
The average rate for the prior week (2024-11-22) was
6.13% and
one month ago for the week of 2024-10-25, the
average rate was 6.31%.
The average rate one year ago was 7.1%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.1%.
Easton 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 Easton level.
The top Easton FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
6 FHA loans originated. Their average total fees are
$18,809, which is $3,275
higher than the next largest lender,
FIRST HOME MORTGAGE CORPORATION.
The lowest fee Easton FHA lenders (with over 10 loans originated) are
.
The lowest rate Easton FHA lenders (with over 10 loans originated) are
.
Easton FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
EASTON, MD | TALBOT | 2022 | $431,250 | $552,050 | $667,350 | $829,350 |
EASTON, MD | TALBOT | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Easton (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 | $482,220 (7.7%) | $789,299 (-8.1%) | 0.00 | 347 |
2018-02-01 | $476,498 (5.0%) | $791,084 (-7.2%) | 0.00 | 324 |
2018-03-01 | $519,999 (14.4%) | $845,991 (2.0%) | 0.00 | 347 |
2018-04-01 | $529,495 (11.6%) | $906,649 (8.4%) | 0.00 | 396 |
2018-05-01 | $529,000 (9.5%) | $908,130 (8.0%) | 0.00 | 408 |
2018-06-01 | $549,000 (13.6%) | $926,347 (11.4%) | 0.00 | 405 |
2018-07-01 | $529,968 (6.0%) | $917,006 (11.3%) | 0.00 | 388 |
2018-08-01 | $544,000 (4.1%) | $897,142 (4.5%) | 0.00 | 400 |
2018-09-01 | $549,000 (4.6%) | $882,480 (2.6%) | 0.00 | 413 |
2018-10-01 | $552,175 (11.4%) | $906,960 (6.2%) | 0.00 | 406 |
2018-11-01 | $579,975 (18.4%) | $977,598 (18.2%) | 0.00 | 395 |
2018-12-01 | $595,000 (25.3%) | $993,196 (25.6%) | 0.00 | 363 |
2019-01-01 | $596,000 (23.6%) | $1,037,387 (31.4%) | 0.00 | 304 |
2019-02-01 | $595,000 (24.9%) | $1,052,679 (33.1%) | 0.00 | 318 |
2019-03-01 | $575,286 (10.6%) | $1,009,342 (19.3%) | 0.00 | 342 |
2019-04-01 | $549,225 (3.7%) | $948,905 (4.7%) | 0.00 | 375 |
2019-05-01 | $544,225 (2.9%) | $952,602 (4.9%) | 0.00 | 406 |
2019-06-01 | $539,000 (-1.8%) | $994,135 (7.3%) | 0.00 | 414 |
2019-07-01 | $549,974 (3.8%) | $1,074,918 (17.2%) | 0.00 | 407 |
2019-08-01 | $550,000 (1.1%) | $1,075,767 (19.9%) | 0.00 | 405 |
2019-09-01 | $550,000 (0.2%) | $1,070,549 (21.3%) | 0.00 | 406 |
2019-10-01 | $549,500 (-0.5%) | $1,058,265 (16.7%) | 0.00 | 401 |
2019-11-01 | $535,000 (-7.8%) | $1,022,740 (4.6%) | 0.00 | 386 |
2019-12-01 | $532,000 (-10.6%) | $1,001,058 (0.8%) | 0.00 | 337 |
2020-01-01 | $512,625 (-14.0%) | $980,793 (-5.5%) | 0.00 | 296 |
2020-02-01 | $498,000 (-16.3%) | $994,178 (-5.6%) | 0.00 | 283 |
2020-03-01 | $543,500 (-5.5%) | $1,030,828 (2.1%) | 0.00 | 306 |
2020-04-01 | $548,000 (-0.2%) | $1,053,716 (11.1%) | 0.00 | 305 |
2020-05-01 | $549,000 (0.9%) | $1,088,594 (14.3%) | 0.00 | 306 |
2020-06-01 | $549,000 (1.9%) | $1,150,900 (15.8%) | 0.00 | 268 |
2020-07-01 | $549,575 (-0.1%) | $1,153,418 (7.3%) | 0.00 | 241 |
2020-08-01 | $549,900 (0.0%) | $1,175,367 (9.3%) | 0.00 | 229 |
2020-09-01 | $547,250 (-0.5%) | $1,227,043 (14.6%) | 0.00 | 209 |
2020-10-01 | $560,000 (1.9%) | $1,226,256 (15.9%) | 0.00 | 204 |
2020-11-01 | $563,975 (5.4%) | $1,396,934 (36.6%) | 0.00 | 188 |
2020-12-01 | $550,000 (3.4%) | $1,497,458 (49.6%) | 0.00 | 165 |
2021-01-01 | $525,000 (2.4%) | $1,555,113 (58.6%) | 0.00 | 137 |
2021-02-01 | $550,000 (10.4%) | $1,703,398 (71.3%) | 0.00 | 127 |
2021-03-01 | $512,495 (-5.7%) | $1,563,491 (51.7%) | 0.00 | 122 |
2021-04-01 | $518,698 (-5.4%) | $1,691,408 (60.5%) | 0.00 | 116 |
2021-05-01 | $524,900 (-4.4%) | $1,416,381 (30.1%) | 0.00 | 125 |
2021-06-01 | $525,000 (-4.4%) | $1,475,158 (28.2%) | 0.00 | 129 |
2021-07-01 | $579,000 (5.4%) | $1,412,374 (22.5%) | 0.00 | 134 |
2021-08-01 | $554,495 (0.8%) | $1,384,574 (17.8%) | 0.00 | 127 |
2021-09-01 | $534,748 (-2.3%) | $1,348,843 (9.9%) | 0.00 | 130 |
2021-10-01 | $525,000 (-6.3%) | $1,301,421 (6.1%) | 0.00 | 128 |
2021-11-01 | $534,675 (-5.2%) | $1,280,536 (-8.3%) | 0.00 | 121 |
2021-12-01 | $466,495 (-15.2%) | $1,203,225 (-19.7%) | 0.00 | 107 |
2022-01-01 | $475,950 (-9.3%) | $1,240,124 (-20.3%) | 0.00 | 87 |
2022-02-01 | $486,200 (-11.6%) | $1,197,206 (-29.7%) | 0.00 | 72 |
2022-03-01 | $566,553 (10.6%) | $1,181,550 (-24.4%) | 0.00 | 65 |
2022-04-01 | $549,990 (6.0%) | $1,241,716 (-26.6%) | 0.00 | 64 |
2022-05-01 | $649,900 (23.8%) | $1,451,212 (2.5%) | 0.00 | 109 |
2022-06-01 | $581,220 (10.7%) | $1,376,357 (-6.7%) | 0.00 | 123 |
2022-07-01 | $507,495 (-12.4%) | $1,371,431 (-2.9%) | 0.00 | 129 |
2022-08-01 | $494,475 (-10.8%) | $1,430,845 (3.3%) | 0.00 | 128 |
2022-09-01 | $492,496 (-7.9%) | $1,442,438 (6.9%) | 0.00 | 128 |
2022-10-01 | $512,495 (-2.4%) | $1,445,547 (11.1%) | 0.00 | 131 |
2022-11-01 | $502,175 (-6.1%) | $1,374,089 (7.3%) | 0.00 | 123 |
2022-12-01 | $499,000 (7.0%) | $1,369,824 (13.9%) | 0.00 | 95 |
2023-01-01 | $496,500 (4.3%) | $1,355,721 (9.3%) | 0.00 | 88 |
2023-02-01 | $499,500 (2.7%) | $1,431,962 (19.6%) | 0.00 | 78 |
2023-03-01 | $491,743 (-13.2%) | $1,421,084 (20.3%) | 0.00 | 80 |
2023-04-01 | $696,750 (26.7%) | $1,969,191 (58.6%) | 0.00 | 93 |
2023-05-01 | $799,880 (23.1%) | $2,169,204 (49.5%) | 0.00 | 96 |
2023-06-01 | $788,720 (35.7%) | $2,250,594 (63.5%) | 0.00 | 100 |
2023-07-01 | $659,000 (29.9%) | $2,157,564 (57.3%) | 0.00 | 106 |
2023-08-01 | $757,498 (53.2%) | $2,199,034 (53.7%) | 0.00 | 108 |
2023-09-01 | $677,375 (37.5%) | $1,979,290 (37.2%) | 0.00 | 114 |
2023-10-01 | $737,475 (43.9%) | $2,100,758 (45.3%) | 0.00 | 123 |
2023-11-01 | $806,250 (60.6%) | $2,287,932 (66.5%) | 0.00 | 105 |
2023-12-01 | $699,000 (40.1%) | $2,082,062 (52.0%) | 0.00 | 93 |
2024-01-01 | $717,225 (44.5%) | $1,902,045 (40.3%) | 0.00 | 92 |
2024-02-01 | $587,172 (17.6%) | $1,700,613 (18.8%) | 0.00 | 106 |
2024-03-01 | $577,444 (17.4%) | $1,883,040 (32.5%) | 0.00 | 119 |
2024-04-01 | $656,013 (-5.9%) | $1,969,858 (0.0%) | 0.00 | 137 |
2024-05-01 | $679,500 (-15.1%) | $1,842,857 (-15.0%) | 0.00 | 149 |
2024-06-01 | $649,000 (-17.7%) | $1,627,992 (-27.7%) | 0.00 | 173 |
2024-07-01 | $587,450 (-10.9%) | $1,521,561 (-29.5%) | 0.00 | 177 |
2024-08-01 | $574,900 (-24.1%) | $1,413,014 (-35.7%) | 0.00 | 161 |
2024-09-01 | $560,250 (-17.3%) | $1,427,569 (-27.9%) | 0.00 | 166 |
2024-10-01 | $604,636 (-18.0%) | $1,469,483 (-30.1%) | 0.00 | 167 |
Easton's median listing price comes in at 0% of the national average.
Easton's average listing price for 2024-10-01 was $1,469,483, a difference of $-631,275 (-30.1%) versus the prior year and $41,914 versus the prior month.
For the 2024-10-01 period, Easton had 167 MLS listings, a difference of 1 listings (1%) versus the prior month and 44 listings (36%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Easton (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,543 sqft |
2018-02-01 | 0 days | 2,523 sqft |
2018-03-01 | 0 days | 2,595 sqft |
2018-04-01 | 0 days | 2,569 sqft |
2018-05-01 | 0 days | 2,594 sqft |
2018-06-01 | 0 days | 2,552 sqft |
2018-07-01 | 0 days | 2,489 sqft |
2018-08-01 | 0 days | 2,532 sqft |
2018-09-01 | 0 days | 2,482 sqft |
2018-10-01 | 0 days | 2,509 sqft |
2018-11-01 | 0 days | 2,566 sqft |
2018-12-01 | 0 days | 2,592 sqft |
2019-01-01 | 0 days | 2,603 sqft |
2019-02-01 | 0 days | 2,612 sqft |
2019-03-01 | 0 days | 2,581 sqft |
2019-04-01 | 0 days | 2,546 sqft |
2019-05-01 | 0 days | 2,577 sqft |
2019-06-01 | 0 days | 2,609 sqft |
2019-07-01 | 0 days | 2,700 sqft |
2019-08-01 | 0 days | 2,686 sqft |
2019-09-01 | 0 days | 2,664 sqft |
2019-10-01 | 0 days | 2,641 sqft |
2019-11-01 | 0 days | 2,564 sqft |
2019-12-01 | 0 days | 2,515 sqft |
2020-01-01 | 0 days | 2,425 sqft |
2020-02-01 | 0 days | 2,378 sqft |
2020-03-01 | 0 days | 2,524 sqft |
2020-04-01 | 0 days | 2,554 sqft |
2020-05-01 | 0 days | 2,600 sqft |
2020-06-01 | 0 days | 2,624 sqft |
2020-07-01 | 0 days | 2,572 sqft |
2020-08-01 | 0 days | 2,504 sqft |
2020-09-01 | 0 days | 2,448 sqft |
2020-10-01 | 0 days | 2,432 sqft |
2020-11-01 | 0 days | 2,499 sqft |
2020-12-01 | 0 days | 2,461 sqft |
2021-01-01 | 0 days | 2,448 sqft |
2021-02-01 | 0 days | 2,433 sqft |
2021-03-01 | 0 days | 2,252 sqft |
2021-04-01 | 0 days | 2,436 sqft |
2021-05-01 | 0 days | 2,466 sqft |
2021-06-01 | 0 days | 2,530 sqft |
2021-07-01 | 0 days | 2,532 sqft |
2021-08-01 | 0 days | 2,440 sqft |
2021-09-01 | 0 days | 2,479 sqft |
2021-10-01 | 0 days | 2,304 sqft |
2021-11-01 | 0 days | 2,251 sqft |
2021-12-01 | 0 days | 2,005 sqft |
2022-01-01 | 0 days | 2,050 sqft |
2022-02-01 | 0 days | 2,002 sqft |
2022-03-01 | 0 days | 2,004 sqft |
2022-04-01 | 0 days | 2,100 sqft |
2022-05-01 | 0 days | 2,300 sqft |
2022-06-01 | 0 days | 2,300 sqft |
2022-07-01 | 0 days | 2,300 sqft |
2022-08-01 | 0 days | 2,192 sqft |
2022-09-01 | 0 days | 2,220 sqft |
2022-10-01 | 0 days | 2,106 sqft |
2022-11-01 | 0 days | 2,237 sqft |
2022-12-01 | 0 days | 2,200 sqft |
2023-01-01 | 0 days | 2,125 sqft |
2023-02-01 | 0 days | 2,127 sqft |
2023-03-01 | 0 days | 1,934 sqft |
2023-04-01 | 0 days | 2,312 sqft |
2023-05-01 | 0 days | 2,456 sqft |
2023-06-01 | 0 days | 2,516 sqft |
2023-07-01 | 0 days | 2,449 sqft |
2023-08-01 | 0 days | 2,488 sqft |
2023-09-01 | 0 days | 2,496 sqft |
2023-10-01 | 0 days | 2,597 sqft |
2023-11-01 | 0 days | 2,727 sqft |
2023-12-01 | 0 days | 2,715 sqft |
2024-01-01 | 0 days | 2,486 sqft |
2024-02-01 | 0 days | 2,185 sqft |
2024-03-01 | 0 days | 2,282 sqft |
2024-04-01 | 0 days | 2,310 sqft |
2024-05-01 | 0 days | 2,404 sqft |
2024-06-01 | 0 days | 2,286 sqft |
2024-07-01 | 0 days | 2,112 sqft |
2024-08-01 | 0 days | 2,121 sqft |
2024-09-01 | 0 days | 2,116 sqft |
2024-10-01 | 0 days | 2,295 sqft |
Easton's median square footage for active listings during the 2024-10-01 period was 2,295 sqft. One year prior, the average listing was 2,597 sqft.