Edwards FHA Loan Rates, Closing Costs & Stats

Edwards, CO

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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.

    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 6.58% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Edwards's average FHA mortgage closing costs are $13,026.

    The average rate for the prior week (2025-02-07) was 6.29% and one month ago for the week of 2025-01-10, the average rate was 6.65%.

    The average rate one year ago was 6.58%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.72%.

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

    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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $849,250 (-0.1%) $1,911,210 (-1.5%) 0.00 908
    2018-02-01 $884,000 (4.6%) $1,963,516 (3.1%) 0.00 875
    2018-03-01 $849,000 (-0.3%) $1,899,243 (-3.1%) 0.00 937
    2018-04-01 $824,000 (3.1%) $1,847,102 (-3.5%) 0.00 920
    2018-05-01 $788,500 (-6.2%) $1,727,377 (-7.8%) 0.00 934
    2018-06-01 $799,000 (-4.3%) $1,728,154 (-5.8%) 0.00 998
    2018-07-01 $838,750 (-1.2%) $1,861,425 (-2.3%) 0.00 1,098
    2018-08-01 $799,725 (-5.8%) $1,885,197 (-2.7%) 0.00 1,091
    2018-09-01 $799,000 (-9.1%) $1,897,011 (-6.1%) 0.00 1,039
    2018-10-01 $777,450 (-10.6%) $1,885,980 (-7.5%) 0.00 994
    2018-11-01 $770,000 (-9.3%) $1,908,391 (-6.1%) 0.00 971
    2018-12-01 $799,000 (-7.4%) $1,997,448 (2.0%) 0.00 978
    2019-01-01 $827,000 (-2.6%) $1,987,543 (4.0%) 0.00 977
    2019-02-01 $875,000 (-1.0%) $2,006,267 (2.2%) 0.00 974
    2019-03-01 $815,000 (-4.0%) $1,904,154 (0.3%) 0.00 978
    2019-04-01 $749,500 (-9.0%) $1,813,196 (-1.8%) 0.00 982
    2019-05-01 $739,000 (-6.3%) $1,814,999 (5.1%) 0.00 938
    2019-06-01 $804,750 (0.7%) $1,818,694 (5.2%) 0.00 1,045
    2019-07-01 $857,500 (2.2%) $1,988,008 (6.8%) 0.00 1,121
    2019-08-01 $832,818 (4.1%) $1,993,658 (5.8%) 0.00 1,082
    2019-09-01 $811,545 (1.6%) $2,011,276 (6.0%) 0.00 1,029
    2019-10-01 $787,500 (1.3%) $2,023,022 (7.3%) 0.00 987
    2019-11-01 $769,000 (-0.1%) $2,018,132 (5.8%) 0.00 964
    2019-12-01 $911,250 (14.1%) $2,103,106 (5.3%) 0.00 963
    2020-01-01 $923,750 (11.7%) $2,191,441 (10.3%) 0.00 905
    2020-02-01 $945,000 (8.0%) $2,223,509 (10.8%) 0.00 884
    2020-03-01 $942,000 (15.6%) $2,206,272 (15.9%) 0.00 921
    2020-04-01 $834,725 (11.4%) $2,007,808 (10.7%) 0.00 895
    2020-05-01 $799,000 (8.1%) $1,899,366 (4.7%) 0.00 890
    2020-06-01 $895,000 (11.2%) $1,967,139 (8.2%) 0.00 904
    2020-07-01 $872,500 (1.8%) $2,025,469 (1.9%) 0.00 918
    2020-08-01 $899,000 (8.0%) $2,255,387 (13.1%) 0.00 891
    2020-09-01 $945,000 (16.4%) $2,247,924 (11.8%) 0.00 809
    2020-10-01 $899,000 (14.2%) $2,355,744 (16.5%) 0.00 726
    2020-11-01 $799,000 (3.9%) $2,456,814 (21.7%) 0.00 690
    2020-12-01 $854,500 (-6.2%) $2,557,169 (21.6%) 0.00 649
    2021-01-01 $736,000 (-20.3%) $2,685,390 (22.5%) 0.00 607
    2021-02-01 $689,000 (-27.1%) $2,794,113 (25.7%) 0.00 579
    2021-03-01 $737,750 (-21.7%) $2,752,464 (24.8%) 0.00 562
    2021-04-01 $638,500 (-23.5%) $2,706,515 (34.8%) 0.00 539
    2021-05-01 $630,000 (-21.2%) $2,611,550 (37.5%) 0.00 478
    2021-06-01 $777,000 (-13.2%) $2,649,849 (34.7%) 0.00 502
    2021-07-01 $867,000 (-0.6%) $2,660,797 (31.4%) 0.00 521
    2021-08-01 $992,500 (10.4%) $2,717,159 (20.5%) 0.00 502
    2021-09-01 $917,000 (-3.0%) $2,600,401 (15.7%) 0.00 491
    2021-10-01 $847,500 (-5.7%) $2,341,706 (-0.6%) 0.00 450
    2021-11-01 $486,889 (-39.1%) $2,209,980 (-10.1%) 0.00 407
    2021-12-01 $311,500 (-63.6%) $2,315,133 (-9.5%) 0.00 388
    2022-01-01 $165,000 (-77.6%) $2,266,562 (-15.6%) 0.00 368
    2022-02-01 $562,500 (-18.4%) $2,349,006 (-15.9%) 0.00 376
    2022-03-01 $575,000 (-22.1%) $2,395,880 (-13.0%) 0.00 353
    2022-04-01 $778,000 (21.9%) $2,246,707 (-17.0%) 0.00 359
    2022-05-01 $975,500 (54.8%) $2,419,656 (-7.4%) 0.00 364
    2022-06-01 $1,193,000 (53.5%) $2,396,532 (-9.6%) 0.00 425
    2022-07-01 $1,247,500 (43.9%) $2,525,026 (-5.1%) 0.00 520
    2022-08-01 $1,199,500 (20.9%) $2,488,760 (-8.4%) 0.00 512
    2022-09-01 $1,195,000 (30.3%) $2,373,993 (-8.7%) 0.00 470
    2022-10-01 $1,200,000 (41.6%) $2,371,560 (1.3%) 0.00 468
    2022-11-01 $1,200,000 (146.5%) $2,508,531 (13.5%) 0.00 450
    2022-12-01 $1,162,500 (273.2%) $2,611,515 (12.8%) 0.00 456
    2023-01-01 $987,500 (498.5%) $2,637,225 (16.4%) 0.00 444
    2023-02-01 $1,011,450 (79.8%) $2,692,430 (14.6%) 0.00 435
    2023-03-01 $1,212,500 (110.9%) $2,782,887 (16.2%) 0.00 452
    2023-04-01 $1,299,500 (67.0%) $2,838,025 (26.3%) 0.00 446
    2023-05-01 $1,325,000 (35.8%) $2,866,594 (18.5%) 0.00 423
    2023-06-01 $1,341,000 (12.4%) $2,777,279 (15.9%) 0.00 463
    2023-07-01 $1,589,000 (27.4%) $2,966,314 (17.5%) 0.00 518
    2023-08-01 $1,573,750 (31.2%) $2,898,354 (16.5%) 0.00 550
    2023-09-01 $1,450,000 (21.3%) $2,896,608 (22.0%) 0.00 520
    2023-10-01 $1,331,125 (10.9%) $2,796,342 (17.9%) 0.00 513
    2023-11-01 $1,235,000 (2.9%) $2,801,007 (11.7%) 0.00 501
    2023-12-01 $1,250,000 (7.5%) $2,826,035 (8.2%) 0.00 518
    2024-01-01 $1,160,000 (17.5%) $2,871,458 (8.9%) 0.00 517
    2024-02-01 $1,168,750 (15.6%) $2,954,569 (9.7%) 0.00 524
    2024-03-01 $1,125,000 (-7.2%) $2,834,477 (1.9%) 0.00 537
    2024-04-01 $913,750 (-29.7%) $2,674,762 (-5.8%) 0.00 541
    2024-05-01 $827,500 (-37.6%) $2,495,614 (-12.9%) 0.00 517
    2024-06-01 $995,450 (-25.8%) $2,539,020 (-8.6%) 0.00 602
    2024-07-01 $1,162,500 (-26.8%) $2,620,190 (-11.7%) 0.00 669
    2024-08-01 $1,083,500 (-31.2%) $2,530,293 (-12.7%) 0.00 678
    2024-09-01 $991,000 (-31.7%) $2,325,378 (-19.7%) 0.00 691
    2024-10-01 $885,950 (-33.4%) $2,067,634 (-26.1%) 0.00 668
    2024-11-01 $786,489 (-36.3%) $2,086,606 (-25.5%) 0.00 640
    2024-12-01 $753,676 (-39.7%) $2,179,593 (-22.9%) 0.00 659
    2025-01-01 $753,738 (-35.0%) $2,173,647 (-24.3%) 0.00 683
    Edwards's median listing price for 2025-01-01 was $753,738, a difference of $-406,262 (-35.0%) versus the prior year and $62 versus the prior month.

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

    Edwards's average listing price for 2025-01-01 was $2,173,647, a difference of $-697,811 (-24.3%) versus the prior year and $-5,946 versus the prior month.

    For the 2025-01-01 period, Edwards had 683 MLS listings, a difference of 24 listings (4%) versus the prior month and 166 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Edwards (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,883 sqft
    2018-02-01 0 days 1,905 sqft
    2018-03-01 0 days 1,896 sqft
    2018-04-01 0 days 1,843 sqft
    2018-05-01 0 days 1,837 sqft
    2018-06-01 0 days 1,843 sqft
    2018-07-01 0 days 1,893 sqft
    2018-08-01 0 days 1,874 sqft
    2018-09-01 0 days 1,828 sqft
    2018-10-01 0 days 1,812 sqft
    2018-11-01 0 days 1,812 sqft
    2018-12-01 0 days 1,812 sqft
    2019-01-01 0 days 1,824 sqft
    2019-02-01 0 days 1,838 sqft
    2019-03-01 0 days 1,823 sqft
    2019-04-01 0 days 1,805 sqft
    2019-05-01 0 days 1,839 sqft
    2019-06-01 0 days 1,860 sqft
    2019-07-01 0 days 1,901 sqft
    2019-08-01 0 days 1,897 sqft
    2019-09-01 0 days 1,894 sqft
    2019-10-01 0 days 1,884 sqft
    2019-11-01 0 days 1,861 sqft
    2019-12-01 0 days 1,813 sqft
    2020-01-01 0 days 1,806 sqft
    2020-02-01 0 days 1,847 sqft
    2020-03-01 0 days 1,818 sqft
    2020-04-01 0 days 1,755 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 1,737 sqft
    2020-09-01 0 days 1,705 sqft
    2020-10-01 0 days 1,706 sqft
    2020-11-01 0 days 1,690 sqft
    2020-12-01 0 days 1,697 sqft
    2021-01-01 0 days 1,704 sqft
    2021-02-01 0 days 1,729 sqft
    2021-03-01 0 days 1,744 sqft
    2021-04-01 0 days 1,784 sqft
    2021-05-01 0 days 1,800 sqft
    2021-06-01 0 days 1,817 sqft
    2021-07-01 0 days 1,875 sqft
    2021-08-01 0 days 1,885 sqft
    2021-09-01 0 days 1,877 sqft
    2021-10-01 0 days 1,862 sqft
    2021-11-01 0 days 1,721 sqft
    2021-12-01 0 days 1,657 sqft
    2022-01-01 0 days 1,600 sqft
    2022-02-01 0 days 1,635 sqft
    2022-03-01 0 days 1,642 sqft
    2022-04-01 0 days 1,637 sqft
    2022-05-01 0 days 1,705 sqft
    2022-06-01 0 days 1,814 sqft
    2022-07-01 0 days 1,885 sqft
    2022-08-01 0 days 1,835 sqft
    2022-09-01 0 days 1,814 sqft
    2022-10-01 0 days 1,840 sqft
    2022-11-01 0 days 1,800 sqft
    2022-12-01 0 days 1,787 sqft
    2023-01-01 0 days 1,792 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 1,806 sqft
    2023-10-01 0 days 1,717 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 1,635 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
    2024-11-01 0 days 1,570 sqft
    2024-12-01 0 days 1,549 sqft
    2025-01-01 0 days 1,516 sqft
    Edwards's median listing age (time on market) for 2025-01-01 was 0 days.

    Edwards's median square footage for active listings during the 2025-01-01 period was 1,516 sqft. One year prior, the average listing was 1,611 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).