Elizabethtown FHA Loan Rates, Closing Costs & Stats

ELIZABETHTOWN-FORT KNOX, KY

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.

Elizabethtown's 75 lenders originated 466 FHA loans during 2023. The total origination value was $99,980,000, with an average FHA loan value of $214,549.

Elizabethtown FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Elizabethtown averaged -0.16% for the week of 2024-11-29, compared to the national average (all FHA variants) of 0% for the same period.

Elizabethtown's average FHA mortgage closing costs are $6,271.

The average rate for the prior week (2024-11-22) was 6.23% and one month ago for the week of 2024-10-25, the average rate was 6.11%.

The average rate one year ago was 6.8%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.03%.

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

Elizabethtown 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 Elizabethtown level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 64 6.58% $8,369
QUICKEN LOANS, LLC 60 6.43% $9,052
SOUTH CENTRAL BANK, INC. 34 6.41% $8,408
EVERETT FINANCIAL, INC. 32 6.73% $10,694
STOCKTON MORTGAGE CORPORATION 18 6.69% $11,163
PENNYMAC LOAN SERVICES, LLC 14 6.47% $8,794
Northpointe Bank 14 6.58% $9,375
RUOFF MORTGAGE COMPANY, INC. 13 6.83% $6,203
PLAZA HOME MORTGAGE, INC. 12 6.32% $8,357
Prosperity Home Mortgage, LLC 12 6.54% $7,679
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 7.02% $9,435
CROSSCOUNTRY MORTGAGE, LLC 9 6.52% $10,668
WesBanco 8 6.39% $8,382
Stock Yards Bank & Trust Company 8 6.31% $8,881
Citizens Bank 7 6.25% $7,249
Carrington Mortgage Services, LLC 7 6.84% $13,075
INTERLINC MORTGAGE SERVICES, LLC 7 6.73% $6,803
AMERISAVE MORTGAGE CORPORATION 7 6.30% $15,462
Mortgage Research Center, LLC 7 6.48% $7,747
MUTUAL OF OMAHA MORTGAGE, INC. 6 7.40% $8,511
FREEDOM MORTGAGE CORPORATION 6 6.60% $10,834
CARDINAL FINANCIAL 5 6.35% $10,749
Equity Prime Mortgage LLC 4 6.09% $8,713
T2 FINANCIAL LLC 4 6.84% $10,736
HOMESIDE FINANCIAL, LLC 4 7.06% $11,025
Magnolia Bank 4 6.81% $8,629
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.58% $9,706
ENVOY MORTGAGE, LTD 3 6.42% $9,430
Mr. Cooper ( Nationstar Mortgage ) 3 6.25% $9,342
German American Bank 3 6.29% $8,182
Century Mortgage Company DBA Century Lending Company 3 6.54% $13,244
LOANDEPOT.COM, LLC 2 6.38% $9,128
Wilson & Muir Bank & Trust Company 2 5.94% $6,375
SUN WEST MORTGAGE COMPANY, INC. 2 6.94% $7,309
DHI MORTGAGE COMPANY, LTD. 2 5.62% $7,540
DRAPER AND KRAMER MORTGAGE CORP. 2 6.75% $8,660
MID AMERICA MORTGAGE, INC. 2 7.94% $6,496
Flagstar Bank, FSB 2 7.25% $6,215
BROKER SOLUTIONS, INC. 2 6.50% $8,761
AMERICAN FINANCIAL RESOURCES, INC. 2 5.75% $14,295
NEWREZ LLC 2 6.50% $11,690
ZILLOW HOME LOANS, LLC 1 6.75% $9,941
AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $15,979
AMERICAN FINANCING CORPORATION 1 6.50% $6,600
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.25% $11,055
Barrington Bank & Trust Company, N.A. 1 6.75% $6,532
BNC National Bank 1 6.75% $10,463
CHERRY CREEK MORTGAGE, LLC 1 6.25% $4,066
EMM LOANS LLC 1 7.13% $11,396
ENDEAVOR CAPITAL, LLC. 1 6.25% $10,568
EVANSVILLE TEACHERS 1 6.13% $4,437
FAIR WAY LENDING LLC 1 6.13% $12,821
FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.38% $14,816
FirstBank 1 6.63% $8,450
FIRST COMMUNITY MORTGAGE, INC. 1 7.13% $7,151
First Federal Bank 1 5.50% $9,712
Forcht Bank 1 6.75% $7,329
GUILD MORTGAGE COMPANY 1 7.63% $10,483
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.25% $7,349
MORTGAGE ACCESS CORP. 1 6.63% $8,470
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $9,427
Plains Commerce Bank 1 7.13% $9,938
POLARIS HOME FUNDING CORP. 1 7.50% $11,958
RELIANCE FIRST CAPITAL, LLC 1 6.00% $13,689
Republic Bank & Trust Company 1 6.00% $8,781
ROSS MORTGAGE CORPORATION 1 7.75% $11,035
SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $14,048
The Federal Savings Bank 1 6.25% $13,396
The Huntington National Bank 1 6.25% $9,964
THRIVE MORTGAGE, LLC 1 7.13% $8,244
TOP FLITE FINANCIAL, INC. 1 6.75% $17,403
TOTAL MORTGAGE SERVICES, LLC 1 5.75% $9,258
TOWNE MORTGAGE COMPANY 1 6.63% $10,524
VILLAGE CAPITAL MORTGAGE 1 5.25% $11,858
1ST SIGNATURE LENDING, LLC 1 6.75% $10,229

The top Elizabethtown FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 64 FHA loans originated. Their average total fees are $8,369, which is $683 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Elizabethtown FHA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($6,203), Prosperity Home Mortgage, LLC ($7,679), PLAZA HOME MORTGAGE, INC. ($8,357), UNITED WHOLESALE MORTGAGE, LLC ($8,369) and SOUTH CENTRAL BANK, INC. ($8,408).

The lowest rate Elizabethtown FHA lenders (with over 10 loans originated) are PLAZA HOME MORTGAGE, INC. (6.32%), SOUTH CENTRAL BANK, INC. (6.41%), QUICKEN LOANS, LLC (6.43%), PENNYMAC LOAN SERVICES, LLC (6.47%) and Prosperity Home Mortgage, LLC (6.54%).

Elizabethtown FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
ELIZABETHTOWN-FORT KNOX, KY HARDIN 2022 $420,680 $538,650 $651,050 $809,150
ELIZABETHTOWN-FORT KNOX, KY LARUE 2022 $420,680 $538,650 $651,050 $809,150
ELIZABETHTOWN-FORT KNOX, KY MEADE 2022 $420,680 $538,650 $651,050 $809,150
ELIZABETHTOWN-FORT KNOX, KY HARDIN 2023 $472,030 $604,400 $730,525 $907,900
ELIZABETHTOWN-FORT KNOX, KY LARUE 2023 $472,030 $604,400 $730,525 $907,900
ELIZABETHTOWN-FORT KNOX, KY MEADE 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Elizabethtown (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 $169,900 (6.3%) $196,399 (4.7%) 0.63 492
2018-02-01 $171,250 (7.1%) $202,661 (6.1%) 0.62 460
2018-03-01 $179,900 (9.1%) $213,770 (9.9%) 0.63 443
2018-04-01 $189,900 (11.8%) $215,412 (10.0%) 0.64 457
2018-05-01 $190,425 (12.2%) $217,913 (8.5%) 0.64 460
2018-06-01 $189,900 (11.9%) $218,138 (6.9%) 0.63 500
2018-07-01 $195,225 (14.9%) $223,442 (9.4%) 0.65 523
2018-08-01 $199,900 (15.9%) $221,937 (8.9%) 0.67 539
2018-09-01 $189,700 (11.3%) $216,531 (9.4%) 0.64 569
2018-10-01 $189,700 (10.5%) $212,448 (6.7%) 0.64 548
2018-11-01 $194,000 (14.2%) $213,326 (8.7%) 0.66 544
2018-12-01 $190,000 (11.8%) $215,657 (9.7%) 0.66 525
2019-01-01 $194,600 (14.5%) $212,020 (8.0%) 0.67 490
2019-02-01 $189,950 (10.9%) $211,522 (4.4%) 0.64 492
2019-03-01 $199,857 (11.1%) $214,714 (0.4%) 0.65 454
2019-04-01 $204,725 (7.8%) $217,847 (1.1%) 0.65 424
2019-05-01 $212,000 (11.3%) $228,567 (4.9%) 0.66 431
2019-06-01 $204,900 (7.9%) $224,340 (2.8%) 0.64 466
2019-07-01 $200,000 (2.5%) $227,161 (1.7%) 0.63 463
2019-08-01 $204,009 (2.1%) $229,093 (3.2%) 0.65 477
2019-09-01 $210,023 (10.7%) $231,407 (6.9%) 0.67 485
2019-10-01 $216,600 (14.2%) $236,181 (11.2%) 0.70 490
2019-11-01 $215,900 (11.3%) $238,902 (12.0%) 0.71 480
2019-12-01 $219,450 (15.5%) $239,631 (11.1%) 0.73 435
2020-01-01 $215,900 (11.0%) $236,454 (11.5%) 0.72 398
2020-02-01 $219,000 (15.3%) $233,200 (10.3%) 0.72 368
2020-03-01 $215,000 (7.6%) $233,968 (9.0%) 0.67 325
2020-04-01 $219,225 (7.1%) $235,057 (7.9%) 0.69 307
2020-05-01 $232,900 (9.9%) $244,297 (6.9%) 0.71 245
2020-06-01 $225,650 (10.1%) $253,222 (12.9%) 0.66 189
2020-07-01 $244,675 (22.3%) $274,380 (20.8%) 0.71 176
2020-08-01 $242,500 (18.9%) $272,804 (19.1%) 0.69 172
2020-09-01 $243,475 (15.9%) $276,153 (19.3%) 0.70 183
2020-10-01 $234,500 (8.3%) $270,793 (14.7%) 0.67 169
2020-11-01 $199,500 (-7.6%) $255,648 (7.0%) 0.58 177
2020-12-01 $215,000 (-2.0%) $260,950 (8.9%) 0.64 193
2021-01-01 $209,900 (-2.8%) $269,152 (13.8%) 0.63 164
2021-02-01 $223,650 (2.1%) $274,629 (17.8%) 0.65 138
2021-03-01 $249,900 (16.2%) $289,733 (23.8%) 0.71 134
2021-04-01 $266,350 (21.5%) $299,388 (27.4%) 0.72 128
2021-05-01 $239,950 (3.0%) $289,363 (18.5%) 0.64 125
2021-06-01 $259,900 (15.2%) $321,375 (26.9%) 0.68 140
2021-07-01 $275,900 (12.8%) $321,065 (17.0%) 0.73 181
2021-08-01 $275,000 (13.4%) $305,952 (12.2%) 0.73 211
2021-09-01 $272,475 (11.9%) $300,438 (8.8%) 0.73 226
2021-10-01 $269,900 (15.1%) $313,661 (15.8%) 0.72 233
2021-11-01 $273,700 (37.2%) $307,859 (20.4%) 0.73 233
2021-12-01 $251,225 (16.9%) $295,863 (13.4%) 0.68 199
2022-01-01 $250,000 (19.1%) $309,597 (15.0%) 0.68 159
2022-02-01 $269,900 (20.7%) $318,052 (15.8%) 0.70 142
2022-03-01 $268,000 (7.2%) $327,020 (12.9%) 0.67 125
2022-04-01 $265,000 (-0.5%) $299,284 (0.0%) 0.63 119
2022-05-01 $284,900 (18.7%) $316,573 (9.4%) 0.65 130
2022-06-01 $268,950 (3.5%) $303,494 (-5.6%) 0.60 202
2022-07-01 $278,000 (0.8%) $320,605 (-0.1%) 0.63 277
2022-08-01 $299,650 (9.0%) $318,805 (4.2%) 0.69 303
2022-09-01 $306,050 (12.3%) $331,420 (10.3%) 0.72 249
2022-10-01 $319,900 (18.5%) $347,702 (10.9%) 0.75 287
2022-11-01 $308,450 (12.7%) $341,948 (11.1%) 0.74 321
2022-12-01 $302,500 (20.4%) $341,399 (15.4%) 0.75 289
2023-01-01 $316,500 (26.6%) $338,954 (9.5%) 0.78 237
2023-02-01 $316,500 (17.3%) $342,987 (7.8%) 0.76 226
2023-03-01 $317,500 (18.5%) $349,755 (7.0%) 0.75 215
2023-04-01 $316,000 (19.3%) $346,595 (15.8%) 0.73 218
2023-05-01 $315,500 (10.7%) $341,656 (7.9%) 0.72 204
2023-06-01 $322,200 (19.8%) $347,889 (14.6%) 0.72 220
2023-07-01 $325,000 (16.9%) $349,687 (9.1%) 0.74 257
2023-08-01 $323,323 (7.9%) $350,213 (9.9%) 0.74 277
2023-09-01 $319,900 (4.5%) $339,104 (2.3%) 0.74 288
2023-10-01 $319,395 (-0.2%) $344,635 (-0.9%) 0.75 293
2023-11-01 $312,975 (1.5%) $343,863 (0.6%) 0.75 318
2023-12-01 $315,000 (4.1%) $346,331 (1.4%) 0.77 314
2024-01-01 $316,250 (-0.1%) $347,420 (2.5%) 0.77 289
2024-02-01 $318,575 (0.7%) $356,394 (3.9%) 0.77 283
2024-03-01 $334,900 (5.5%) $362,963 (3.8%) 0.79 283
2024-04-01 $329,950 (4.4%) $364,285 (5.1%) 0.77 292
2024-05-01 $329,900 (4.6%) $363,370 (6.4%) 0.75 313
2024-06-01 $329,900 (2.4%) $362,807 (4.3%) 0.74 319
2024-07-01 $329,450 (1.4%) $369,182 (5.6%) 0.75 344
2024-08-01 $326,700 (1.0%) $372,766 (6.4%) 0.76 381
2024-09-01 $325,957 (1.9%) $376,324 (11.0%) 0.77 386
2024-10-01 $322,400 (0.9%) $372,698 (8.1%) 0.76 405
Elizabethtown's median listing price for 2024-10-01 was $322,400, a difference of $3,005 (0.9%) versus the prior year and $-3,557 versus the prior month.

Elizabethtown's median listing price comes in at 76% of the national average.

Elizabethtown's average listing price for 2024-10-01 was $372,698, a difference of $28,063 (8.1%) versus the prior year and $-3,626 versus the prior month.

For the 2024-10-01 period, Elizabethtown had 405 MLS listings, a difference of 19 listings (5%) versus the prior month and 112 listings (38%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Elizabethtown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 82 days 1,800 sqft
2018-02-01 80 days 1,838 sqft
2018-03-01 56 days 1,869 sqft
2018-04-01 55 days 1,960 sqft
2018-05-01 53 days 1,987 sqft
2018-06-01 44 days 2,004 sqft
2018-07-01 46 days 2,012 sqft
2018-08-01 52 days 2,014 sqft
2018-09-01 55 days 1,973 sqft
2018-10-01 65 days 1,969 sqft
2018-11-01 69 days 1,985 sqft
2018-12-01 80 days 1,977 sqft
2019-01-01 80 days 1,983 sqft
2019-02-01 72 days 1,993 sqft
2019-03-01 63 days 2,000 sqft
2019-04-01 54 days 1,999 sqft
2019-05-01 51 days 1,987 sqft
2019-06-01 50 days 1,942 sqft
2019-07-01 53 days 1,937 sqft
2019-08-01 54 days 1,983 sqft
2019-09-01 55 days 2,053 sqft
2019-10-01 56 days 2,122 sqft
2019-11-01 61 days 2,125 sqft
2019-12-01 68 days 2,151 sqft
2020-01-01 80 days 2,123 sqft
2020-02-01 71 days 2,127 sqft
2020-03-01 50 days 1,921 sqft
2020-04-01 50 days 1,926 sqft
2020-05-01 57 days 1,968 sqft
2020-06-01 52 days 2,170 sqft
2020-07-01 40 days 2,204 sqft
2020-08-01 37 days 2,160 sqft
2020-09-01 39 days 2,056 sqft
2020-10-01 38 days 1,920 sqft
2020-11-01 33 days 1,835 sqft
2020-12-01 43 days 1,855 sqft
2021-01-01 54 days 1,859 sqft
2021-02-01 50 days 1,870 sqft
2021-03-01 31 days 1,895 sqft
2021-04-01 30 days 1,967 sqft
2021-05-01 30 days 1,945 sqft
2021-06-01 24 days 1,988 sqft
2021-07-01 24 days 2,012 sqft
2021-08-01 28 days 2,062 sqft
2021-09-01 33 days 2,060 sqft
2021-10-01 39 days 2,010 sqft
2021-11-01 37 days 1,923 sqft
2021-12-01 45 days 1,824 sqft
2022-01-01 58 days 1,828 sqft
2022-02-01 28 days 1,833 sqft
2022-03-01 25 days 1,922 sqft
2022-04-01 24 days 1,923 sqft
2022-05-01 19 days 1,987 sqft
2022-06-01 17 days 1,851 sqft
2022-07-01 29 days 1,890 sqft
2022-08-01 46 days 1,894 sqft
2022-09-01 48 days 1,951 sqft
2022-10-01 42 days 2,128 sqft
2022-11-01 45 days 2,069 sqft
2022-12-01 58 days 2,035 sqft
2023-01-01 67 days 2,039 sqft
2023-02-01 43 days 1,922 sqft
2023-03-01 44 days 2,013 sqft
2023-04-01 36 days 1,904 sqft
2023-05-01 42 days 1,823 sqft
2023-06-01 41 days 1,939 sqft
2023-07-01 36 days 1,984 sqft
2023-08-01 44 days 2,004 sqft
2023-09-01 44 days 1,967 sqft
2023-10-01 46 days 1,924 sqft
2023-11-01 46 days 1,923 sqft
2023-12-01 53 days 1,924 sqft
2024-01-01 67 days 1,902 sqft
2024-02-01 52 days 1,934 sqft
2024-03-01 37 days 1,948 sqft
2024-04-01 40 days 1,905 sqft
2024-05-01 32 days 1,916 sqft
2024-06-01 43 days 1,979 sqft
2024-07-01 41 days 1,980 sqft
2024-08-01 41 days 1,978 sqft
2024-09-01 50 days 2,014 sqft
2024-10-01 54 days 2,014 sqft
Elizabethtown's median listing age (time on market) for 2024-10-01 was 54 days. This is 16% longer than the same period one year ago.

Elizabethtown's median square footage for active listings during the 2024-10-01 period was 2,014 sqft. One year prior, the average listing was 1,924 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).