Edwards FHA Loan Rates, Closing Costs & Stats
Edwards, CO
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.
Edwards's 13 lenders originated 29 FHA loans during 2023. The total origination value was $16,175,000, with an average FHA loan value of $557,759.
Edwards FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Edwards
averaged
-0.14%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Edwards's average FHA mortgage closing costs are $13,026.
The average rate for the prior week (2024-11-22) was
6.66% and
one month ago for the week of 2024-10-25, the
average rate was 6.13%.
The average rate one year ago was 7.02%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.2%.
Edwards 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 Edwards level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
QUICKEN LOANS, LLC | 5 | 6.57% | $25,167 |
Bank of England | 3 | 6.29% | $20,994 |
LOANDEPOT.COM, LLC | 2 | 4.93% | $34,334 |
GUARANTEED RATE, INC. | 2 | 6.19% | $20,001 |
SECURITYNATIONAL MORTGAGE COMPANY | 2 | 6.88% | $18,536 |
BAY EQUITY LLC | 2 | 6.63% | $17,742 |
ACADEMY MORTGAGE CORPORATION | 1 | 5.88% | $21,304 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 7.39% | $16,569 |
AMERICAN FINANCING CORPORATION | 1 | 6.63% | $40,191 |
CITY FIRST MORTGAGE SERVICES, L.L.C. | 1 | 6.25% | $17,517 |
Ixonia Bank | 1 | 7.50% | $16,696 |
Loan Simple, Inc. | 1 | 6.50% | $22,519 |
M&T Bank | 1 | 6.25% | $23,488 |
The top Edwards FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
5 FHA loans originated. Their average total fees are
$25,167, which is $4,173
higher than the next largest lender,
Bank of England.
The lowest fee Edwards FHA lenders (with over 10 loans originated) are
.
The lowest rate Edwards FHA lenders (with over 10 loans originated) are
.
Edwards FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
EDWARDS, CO | EAGLE | 2022 | $862,500 | $1,104,150 | $1,334,700 | $1,658,700 |
EDWARDS, CO | EAGLE | 2023 | $1,075,250 | $1,376,550 | $1,663,900 | $2,067,850 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Edwards (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 | $849,250 (-0.1%) | $1,914,219 (-1.6%) | 0.00 | 906 |
2018-02-01 | $885,500 (4.6%) | $1,966,033 (2.9%) | 0.00 | 872 |
2018-03-01 | $849,000 (-0.6%) | $1,904,156 (-3.3%) | 0.00 | 934 |
2018-04-01 | $828,250 (-0.5%) | $1,856,221 (-3.6%) | 0.00 | 913 |
2018-05-01 | $795,000 (-6.5%) | $1,739,127 (-7.8%) | 0.00 | 924 |
2018-06-01 | $800,000 (-5.2%) | $1,738,966 (-5.8%) | 0.00 | 990 |
2018-07-01 | $842,000 (-0.9%) | $1,868,043 (-2.4%) | 0.00 | 1,091 |
2018-08-01 | $820,500 (-3.6%) | $1,894,569 (-2.8%) | 0.00 | 1,082 |
2018-09-01 | $799,000 (-9.1%) | $1,905,271 (-6.0%) | 0.00 | 1,032 |
2018-10-01 | $781,500 (-10.3%) | $1,898,909 (-7.1%) | 0.00 | 982 |
2018-11-01 | $772,500 (-9.1%) | $1,921,063 (-5.7%) | 0.00 | 961 |
2018-12-01 | $809,000 (-6.2%) | $2,009,458 (2.5%) | 0.00 | 968 |
2019-01-01 | $832,000 (-2.0%) | $1,997,965 (4.4%) | 0.00 | 967 |
2019-02-01 | $875,000 (-1.2%) | $2,016,577 (2.6%) | 0.00 | 966 |
2019-03-01 | $815,000 (-4.0%) | $1,910,808 (0.4%) | 0.00 | 971 |
2019-04-01 | $749,500 (-9.5%) | $1,818,463 (-2.0%) | 0.00 | 976 |
2019-05-01 | $739,000 (-7.0%) | $1,819,004 (4.6%) | 0.00 | 932 |
2019-06-01 | $799,500 (-0.1%) | $1,821,479 (4.7%) | 0.00 | 1,038 |
2019-07-01 | $856,000 (1.7%) | $1,990,456 (6.6%) | 0.00 | 1,115 |
2019-08-01 | $829,727 (1.1%) | $1,994,548 (5.3%) | 0.00 | 1,078 |
2019-09-01 | $806,818 (1.0%) | $2,010,857 (5.5%) | 0.00 | 1,026 |
2019-10-01 | $784,000 (0.3%) | $2,021,730 (6.5%) | 0.00 | 985 |
2019-11-01 | $765,000 (-1.0%) | $2,018,264 (5.1%) | 0.00 | 958 |
2019-12-01 | $903,250 (11.7%) | $2,104,988 (4.8%) | 0.00 | 957 |
2020-01-01 | $915,000 (10.0%) | $2,207,643 (10.5%) | 0.00 | 888 |
2020-02-01 | $940,000 (7.4%) | $2,238,507 (11.0%) | 0.00 | 869 |
2020-03-01 | $935,000 (14.7%) | $2,216,935 (16.0%) | 0.00 | 909 |
2020-04-01 | $831,500 (10.9%) | $2,017,608 (11.0%) | 0.00 | 882 |
2020-05-01 | $799,000 (8.1%) | $1,907,455 (4.9%) | 0.00 | 877 |
2020-06-01 | $895,000 (11.9%) | $1,976,877 (8.5%) | 0.00 | 890 |
2020-07-01 | $867,450 (1.3%) | $2,036,928 (2.3%) | 0.00 | 903 |
2020-08-01 | $899,000 (8.4%) | $2,274,074 (14.0%) | 0.00 | 875 |
2020-09-01 | $940,000 (16.5%) | $2,269,453 (12.9%) | 0.00 | 795 |
2020-10-01 | $899,000 (14.7%) | $2,370,913 (17.3%) | 0.00 | 724 |
2020-11-01 | $797,000 (4.2%) | $2,457,854 (21.8%) | 0.00 | 689 |
2020-12-01 | $827,000 (-8.4%) | $2,558,423 (21.5%) | 0.00 | 648 |
2021-01-01 | $736,000 (-19.6%) | $2,685,006 (21.6%) | 0.00 | 607 |
2021-02-01 | $679,000 (-27.8%) | $2,795,539 (24.9%) | 0.00 | 578 |
2021-03-01 | $733,000 (-21.6%) | $2,754,484 (24.3%) | 0.00 | 561 |
2021-04-01 | $638,500 (-23.2%) | $2,713,611 (34.5%) | 0.00 | 537 |
2021-05-01 | $625,000 (-21.8%) | $2,623,415 (37.5%) | 0.00 | 475 |
2021-06-01 | $756,250 (-15.5%) | $2,660,852 (34.6%) | 0.00 | 498 |
2021-07-01 | $860,000 (-0.9%) | $2,678,953 (31.5%) | 0.00 | 515 |
2021-08-01 | $990,000 (10.1%) | $2,745,860 (20.8%) | 0.00 | 493 |
2021-09-01 | $896,000 (-4.7%) | $2,619,291 (15.4%) | 0.00 | 485 |
2021-10-01 | $842,500 (-6.3%) | $2,357,168 (-0.6%) | 0.00 | 444 |
2021-11-01 | $446,500 (-44.0%) | $2,224,130 (-9.5%) | 0.00 | 400 |
2021-12-01 | $292,500 (-64.6%) | $2,321,772 (-9.3%) | 0.00 | 385 |
2022-01-01 | $160,000 (-78.3%) | $2,273,529 (-15.3%) | 0.00 | 364 |
2022-02-01 | $524,500 (-22.8%) | $2,356,251 (-15.7%) | 0.00 | 372 |
2022-03-01 | $537,500 (-26.7%) | $2,404,470 (-12.7%) | 0.00 | 349 |
2022-04-01 | $750,000 (17.5%) | $2,253,141 (-17.0%) | 0.00 | 354 |
2022-05-01 | $935,500 (49.7%) | $2,440,927 (-7.0%) | 0.00 | 355 |
2022-06-01 | $1,172,500 (55.0%) | $2,406,153 (-9.6%) | 0.00 | 416 |
2022-07-01 | $1,245,000 (44.8%) | $2,530,774 (-5.5%) | 0.00 | 512 |
2022-08-01 | $1,199,000 (21.1%) | $2,488,940 (-9.4%) | 0.00 | 505 |
2022-09-01 | $1,131,000 (26.2%) | $2,371,107 (-9.5%) | 0.00 | 463 |
2022-10-01 | $1,200,000 (42.4%) | $2,363,213 (0.3%) | 0.00 | 463 |
2022-11-01 | $1,199,750 (168.7%) | $2,508,861 (12.8%) | 0.00 | 449 |
2022-12-01 | $1,100,000 (276.1%) | $2,616,885 (12.7%) | 0.00 | 453 |
2023-01-01 | $962,500 (501.6%) | $2,642,903 (16.3%) | 0.00 | 441 |
2023-02-01 | $998,750 (90.4%) | $2,695,979 (14.4%) | 0.00 | 433 |
2023-03-01 | $1,200,000 (123.3%) | $2,786,741 (15.9%) | 0.00 | 450 |
2023-04-01 | $1,297,000 (72.9%) | $2,842,099 (26.1%) | 0.00 | 444 |
2023-05-01 | $1,312,500 (40.3%) | $2,870,931 (17.6%) | 0.00 | 421 |
2023-06-01 | $1,328,750 (13.3%) | $2,780,943 (15.6%) | 0.00 | 461 |
2023-07-01 | $1,575,000 (26.5%) | $2,969,884 (17.4%) | 0.00 | 512 |
2023-08-01 | $1,553,500 (29.6%) | $2,902,748 (16.6%) | 0.00 | 541 |
2023-09-01 | $1,450,000 (28.2%) | $2,899,279 (22.3%) | 0.00 | 519 |
2023-10-01 | $1,337,250 (11.4%) | $2,796,342 (18.3%) | 0.00 | 512 |
2023-11-01 | $1,235,000 (2.9%) | $2,801,007 (11.6%) | 0.00 | 501 |
2023-12-01 | $1,250,000 (13.6%) | $2,826,035 (8.0%) | 0.00 | 518 |
2024-01-01 | $1,160,000 (20.5%) | $2,871,458 (8.7%) | 0.00 | 517 |
2024-02-01 | $1,168,750 (17.0%) | $2,954,569 (9.6%) | 0.00 | 524 |
2024-03-01 | $1,125,000 (-6.3%) | $2,834,477 (1.7%) | 0.00 | 537 |
2024-04-01 | $913,750 (-29.6%) | $2,674,762 (-5.9%) | 0.00 | 541 |
2024-05-01 | $825,000 (-37.1%) | $2,491,055 (-13.2%) | 0.00 | 517 |
2024-06-01 | $975,000 (-26.6%) | $2,526,131 (-9.2%) | 0.00 | 600 |
2024-07-01 | $1,162,500 (-26.2%) | $2,620,190 (-11.8%) | 0.00 | 669 |
2024-08-01 | $1,083,500 (-30.3%) | $2,530,293 (-12.8%) | 0.00 | 678 |
2024-09-01 | $991,000 (-31.7%) | $2,325,378 (-19.8%) | 0.00 | 691 |
2024-10-01 | $885,950 (-33.8%) | $2,067,634 (-26.1%) | 0.00 | 668 |
Edwards's median listing price comes in at 0% of the national average.
Edwards's average listing price for 2024-10-01 was $2,067,634, a difference of $-728,708 (-26.1%) versus the prior year and $-257,744 versus the prior month.
For the 2024-10-01 period, Edwards had 668 MLS listings, a difference of -23 listings (-3%) versus the prior month and 156 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Edwards (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,883 sqft |
2018-02-01 | 0 days | 1,905 sqft |
2018-03-01 | 0 days | 1,900 sqft |
2018-04-01 | 0 days | 1,844 sqft |
2018-05-01 | 0 days | 1,844 sqft |
2018-06-01 | 0 days | 1,847 sqft |
2018-07-01 | 0 days | 1,899 sqft |
2018-08-01 | 0 days | 1,878 sqft |
2018-09-01 | 0 days | 1,843 sqft |
2018-10-01 | 0 days | 1,820 sqft |
2018-11-01 | 0 days | 1,821 sqft |
2018-12-01 | 0 days | 1,822 sqft |
2019-01-01 | 0 days | 1,829 sqft |
2019-02-01 | 0 days | 1,842 sqft |
2019-03-01 | 0 days | 1,825 sqft |
2019-04-01 | 0 days | 1,805 sqft |
2019-05-01 | 0 days | 1,839 sqft |
2019-06-01 | 0 days | 1,857 sqft |
2019-07-01 | 0 days | 1,900 sqft |
2019-08-01 | 0 days | 1,896 sqft |
2019-09-01 | 0 days | 1,891 sqft |
2019-10-01 | 0 days | 1,881 sqft |
2019-11-01 | 0 days | 1,869 sqft |
2019-12-01 | 0 days | 1,804 sqft |
2020-01-01 | 0 days | 1,810 sqft |
2020-02-01 | 0 days | 1,855 sqft |
2020-03-01 | 0 days | 1,823 sqft |
2020-04-01 | 0 days | 1,760 sqft |
2020-05-01 | 0 days | 1,791 sqft |
2020-06-01 | 0 days | 1,800 sqft |
2020-07-01 | 0 days | 1,800 sqft |
2020-08-01 | 0 days | 1,749 sqft |
2020-09-01 | 0 days | 1,708 sqft |
2020-10-01 | 0 days | 1,725 sqft |
2020-11-01 | 0 days | 1,691 sqft |
2020-12-01 | 0 days | 1,697 sqft |
2021-01-01 | 0 days | 1,705 sqft |
2021-02-01 | 0 days | 1,727 sqft |
2021-03-01 | 0 days | 1,743 sqft |
2021-04-01 | 0 days | 1,784 sqft |
2021-05-01 | 0 days | 1,803 sqft |
2021-06-01 | 0 days | 1,820 sqft |
2021-07-01 | 0 days | 1,875 sqft |
2021-08-01 | 0 days | 1,885 sqft |
2021-09-01 | 0 days | 1,875 sqft |
2021-10-01 | 0 days | 1,834 sqft |
2021-11-01 | 0 days | 1,704 sqft |
2021-12-01 | 0 days | 1,647 sqft |
2022-01-01 | 0 days | 1,600 sqft |
2022-02-01 | 0 days | 1,625 sqft |
2022-03-01 | 0 days | 1,637 sqft |
2022-04-01 | 0 days | 1,627 sqft |
2022-05-01 | 0 days | 1,705 sqft |
2022-06-01 | 0 days | 1,811 sqft |
2022-07-01 | 0 days | 1,896 sqft |
2022-08-01 | 0 days | 1,837 sqft |
2022-09-01 | 0 days | 1,810 sqft |
2022-10-01 | 0 days | 1,840 sqft |
2022-11-01 | 0 days | 1,800 sqft |
2022-12-01 | 0 days | 1,785 sqft |
2023-01-01 | 0 days | 1,789 sqft |
2023-02-01 | 0 days | 1,787 sqft |
2023-03-01 | 0 days | 1,797 sqft |
2023-04-01 | 0 days | 1,787 sqft |
2023-05-01 | 0 days | 1,797 sqft |
2023-06-01 | 0 days | 1,793 sqft |
2023-07-01 | 0 days | 1,846 sqft |
2023-08-01 | 0 days | 1,877 sqft |
2023-09-01 | 0 days | 1,800 sqft |
2023-10-01 | 0 days | 1,727 sqft |
2023-11-01 | 0 days | 1,627 sqft |
2023-12-01 | 0 days | 1,643 sqft |
2024-01-01 | 0 days | 1,611 sqft |
2024-02-01 | 0 days | 1,615 sqft |
2024-03-01 | 0 days | 1,644 sqft |
2024-04-01 | 0 days | 1,620 sqft |
2024-05-01 | 0 days | 1,602 sqft |
2024-06-01 | 0 days | 1,627 sqft |
2024-07-01 | 0 days | 1,626 sqft |
2024-08-01 | 0 days | 1,585 sqft |
2024-09-01 | 0 days | 1,570 sqft |
2024-10-01 | 0 days | 1,570 sqft |
Edwards's median square footage for active listings during the 2024-10-01 period was 1,570 sqft. One year prior, the average listing was 1,727 sqft.