Enterprise FHA Loan Rates, Closing Costs & Stats
Enterprise, AL
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.
Enterprise's 28 lenders originated 118 FHA loans during 2024. The total origination value was $24,270,000, with an average FHA loan value of $205,678.
Enterprise FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Enterprise
averaged
6.45%
for the week of 2025-04-04, compared to the national average (all FHA variants) of
6.259% for the same period.
Enterprise's average FHA mortgage closing costs are $6,226.
The average rate for the prior week (2025-03-28) was
6.44% and
one month ago for the week of 2025-02-28, the
average rate was 6.53%.
The average rate one year ago was 6.55%.
For refis of the same type during the week of 2025-04-04, the average rate
was 5.72%.
Enterprise 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 Enterprise level.
The top Enterprise FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
14 FHA loans originated. Their average total fees are
$12,426, which is $2,564
higher than the next largest lender,
CMG MORTGAGE, INC..
The lowest fee Enterprise FHA lenders (with over 10 loans originated) are
ENVOY MORTGAGE, LTD ($8,763), CMG MORTGAGE, INC. ($9,862), MOVEMENT MORTGAGE, LLC ($10,153), UNITED WHOLESALE MORTGAGE, LLC ($12,426) and .
The lowest rate Enterprise FHA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (5.98%), ENVOY MORTGAGE, LTD (6.43%), CMG MORTGAGE, INC. (6.50%), MOVEMENT MORTGAGE, LLC (6.50%) and .
Enterprise FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
ENTERPRISE, AL | COFFEE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
ENTERPRISE, AL | COFFEE | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Enterprise (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 | $168,769 (8.3%) | $184,467 (-0.2%) | 0.00 | 354 |
2018-02-01 | $166,500 (3.0%) | $184,052 (-0.7%) | 0.00 | 365 |
2018-03-01 | $172,338 (7.2%) | $189,922 (3.6%) | 0.00 | 381 |
2018-04-01 | $171,000 (4.3%) | $187,802 (-0.2%) | 0.00 | 402 |
2018-05-01 | $170,000 (0.0%) | $195,858 (1.7%) | 0.00 | 473 |
2018-06-01 | $168,850 (-1.0%) | $191,849 (1.0%) | 0.00 | 411 |
2018-07-01 | $169,400 (-3.2%) | $193,054 (1.5%) | 0.00 | 406 |
2018-08-01 | $174,819 (1.7%) | $193,143 (2.8%) | 0.00 | 408 |
2018-09-01 | $179,900 (6.1%) | $198,166 (6.7%) | 0.00 | 389 |
2018-10-01 | $178,500 (6.0%) | $200,050 (8.3%) | 0.00 | 370 |
2018-11-01 | $179,475 (6.1%) | $202,556 (9.0%) | 0.00 | 360 |
2018-12-01 | $178,500 (8.3%) | $200,909 (9.4%) | 0.00 | 363 |
2019-01-01 | $178,950 (6.0%) | $200,474 (8.7%) | 0.00 | 345 |
2019-02-01 | $177,375 (6.5%) | $200,065 (8.7%) | 0.00 | 347 |
2019-03-01 | $177,143 (2.8%) | $203,815 (7.3%) | 0.00 | 337 |
2019-04-01 | $176,368 (3.1%) | $211,183 (12.5%) | 0.00 | 333 |
2019-05-01 | $178,500 (5.0%) | $213,451 (9.0%) | 0.00 | 326 |
2019-06-01 | $174,950 (3.6%) | $214,771 (12.0%) | 0.00 | 314 |
2019-07-01 | $178,900 (5.6%) | $216,926 (12.4%) | 0.00 | 314 |
2019-08-01 | $180,382 (3.2%) | $216,831 (12.3%) | 0.00 | 289 |
2019-09-01 | $181,855 (1.1%) | $216,798 (9.4%) | 0.00 | 269 |
2019-10-01 | $182,836 (2.4%) | $217,788 (8.9%) | 0.00 | 256 |
2019-11-01 | $178,500 (-0.5%) | $212,218 (4.8%) | 0.00 | 252 |
2019-12-01 | $178,500 (0.0%) | $212,366 (5.7%) | 0.00 | 239 |
2020-01-01 | $179,700 (0.4%) | $212,619 (6.1%) | 0.00 | 221 |
2020-02-01 | $174,950 (-1.4%) | $204,985 (2.5%) | 0.00 | 223 |
2020-03-01 | $169,900 (-4.1%) | $207,766 (1.9%) | 0.00 | 218 |
2020-04-01 | $179,000 (1.5%) | $213,254 (1.0%) | 0.00 | 207 |
2020-05-01 | $187,500 (5.0%) | $222,647 (4.3%) | 0.00 | 197 |
2020-06-01 | $203,750 (16.5%) | $236,169 (10.0%) | 0.00 | 172 |
2020-07-01 | $198,250 (10.8%) | $237,274 (9.4%) | 0.00 | 151 |
2020-08-01 | $199,975 (10.9%) | $250,653 (15.6%) | 0.00 | 142 |
2020-09-01 | $214,725 (18.1%) | $265,396 (22.4%) | 0.00 | 119 |
2020-10-01 | $213,250 (16.6%) | $231,582 (6.3%) | 0.00 | 136 |
2020-11-01 | $197,450 (10.6%) | $220,730 (4.0%) | 0.00 | 150 |
2020-12-01 | $207,375 (16.2%) | $230,011 (8.3%) | 0.00 | 151 |
2021-01-01 | $206,500 (14.9%) | $226,841 (6.7%) | 0.00 | 137 |
2021-02-01 | $195,825 (11.9%) | $224,562 (9.6%) | 0.00 | 125 |
2021-03-01 | $192,475 (13.3%) | $238,467 (14.8%) | 0.00 | 103 |
2021-04-01 | $181,000 (1.1%) | $231,377 (8.5%) | 0.00 | 95 |
2021-05-01 | $199,750 (6.5%) | $250,639 (12.6%) | 0.00 | 87 |
2021-06-01 | $223,625 (9.8%) | $257,537 (9.1%) | 0.00 | 97 |
2021-07-01 | $215,000 (8.5%) | $256,173 (8.0%) | 0.00 | 109 |
2021-08-01 | $202,450 (1.2%) | $250,047 (-0.2%) | 0.00 | 114 |
2021-09-01 | $195,920 (-8.8%) | $243,240 (-8.4%) | 0.00 | 104 |
2021-10-01 | $195,000 (-8.6%) | $227,229 (-1.9%) | 0.00 | 109 |
2021-11-01 | $193,724 (-1.9%) | $225,961 (2.4%) | 0.00 | 98 |
2021-12-01 | $193,724 (-6.6%) | $228,539 (-0.6%) | 0.00 | 87 |
2022-01-01 | $195,000 (-5.6%) | $221,393 (-2.4%) | 0.00 | 77 |
2022-02-01 | $199,000 (1.6%) | $239,647 (6.7%) | 0.00 | 63 |
2022-03-01 | $190,500 (-1.0%) | $231,104 (-3.1%) | 0.00 | 60 |
2022-04-01 | $218,750 (20.9%) | $254,411 (10.0%) | 0.00 | 56 |
2022-05-01 | $246,825 (23.6%) | $280,397 (11.9%) | 0.00 | 64 |
2022-06-01 | $292,200 (30.7%) | $307,400 (19.4%) | 0.00 | 82 |
2022-07-01 | $327,950 (52.5%) | $326,524 (27.5%) | 0.00 | 92 |
2022-08-01 | $335,750 (65.8%) | $319,930 (28.0%) | 0.00 | 94 |
2022-09-01 | $345,000 (76.1%) | $321,379 (32.1%) | 0.00 | 101 |
2022-10-01 | $349,000 (79.0%) | $327,138 (44.0%) | 0.00 | 107 |
2022-11-01 | $338,000 (74.5%) | $327,624 (45.0%) | 0.00 | 110 |
2022-12-01 | $338,000 (74.5%) | $336,356 (47.2%) | 0.00 | 109 |
2023-01-01 | $346,725 (77.8%) | $326,749 (47.6%) | 0.00 | 98 |
2023-02-01 | $347,000 (74.4%) | $324,030 (35.2%) | 0.00 | 93 |
2023-03-01 | $353,725 (85.7%) | $337,669 (46.1%) | 0.00 | 106 |
2023-04-01 | $359,000 (64.1%) | $342,935 (34.8%) | 0.00 | 114 |
2023-05-01 | $359,000 (45.5%) | $344,680 (22.9%) | 0.00 | 96 |
2023-06-01 | $359,425 (23.0%) | $339,704 (10.5%) | 0.00 | 107 |
2023-07-01 | $366,500 (11.8%) | $337,006 (3.2%) | 0.00 | 114 |
2023-08-01 | $356,675 (6.2%) | $336,407 (5.2%) | 0.00 | 124 |
2023-09-01 | $328,000 (-4.9%) | $322,351 (0.3%) | 0.00 | 136 |
2023-10-01 | $322,225 (-7.7%) | $322,110 (-1.5%) | 0.00 | 148 |
2023-11-01 | $315,625 (-6.6%) | $323,740 (-1.2%) | 0.00 | 147 |
2023-12-01 | $273,500 (-19.1%) | $303,343 (-9.8%) | 0.00 | 145 |
2024-01-01 | $275,000 (-20.7%) | $304,701 (-6.8%) | 0.00 | 136 |
2024-02-01 | $281,225 (-19.0%) | $305,615 (-5.7%) | 0.00 | 140 |
2024-03-01 | $259,900 (-26.5%) | $299,970 (-11.2%) | 0.00 | 146 |
2024-04-01 | $298,250 (-16.9%) | $311,789 (-9.1%) | 0.00 | 132 |
2024-05-01 | $329,500 (-8.2%) | $345,195 (0.2%) | 0.00 | 134 |
2024-06-01 | $310,000 (-13.8%) | $333,432 (-1.9%) | 0.00 | 151 |
2024-07-01 | $278,475 (-24.0%) | $311,942 (-7.4%) | 0.00 | 173 |
2024-08-01 | $265,000 (-25.7%) | $308,762 (-8.2%) | 0.00 | 176 |
2024-09-01 | $277,175 (-15.5%) | $300,958 (-6.6%) | 0.00 | 203 |
2024-10-01 | $274,375 (-14.9%) | $305,515 (-5.2%) | 0.00 | 202 |
2024-11-01 | $268,750 (-14.9%) | $304,081 (-6.1%) | 0.00 | 206 |
2024-12-01 | $265,000 (-3.1%) | $299,567 (-1.2%) | 0.00 | 194 |
2025-01-01 | $274,950 (0.0%) | $304,624 (0.0%) | 0.00 | 195 |
2025-02-01 | $284,744 (1.3%) | $318,285 (4.2%) | 0.00 | 184 |
2025-03-01 | $299,900 (15.4%) | $318,937 (6.3%) | 0.00 | 183 |
Enterprise's median listing price comes in at 0% of the national average.
Enterprise's average listing price for 2025-03-01 was $318,937, a difference of $18,967 (6.3%) versus the prior year and $652 versus the prior month.
For the 2025-03-01 period, Enterprise had 183 MLS listings, a difference of -1 listings (-1%) versus the prior month and 37 listings (25%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Enterprise (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,988 sqft |
2018-02-01 | 0 days | 1,930 sqft |
2018-03-01 | 0 days | 1,938 sqft |
2018-04-01 | 0 days | 1,955 sqft |
2018-05-01 | 0 days | 1,959 sqft |
2018-06-01 | 0 days | 1,954 sqft |
2018-07-01 | 0 days | 1,966 sqft |
2018-08-01 | 0 days | 2,011 sqft |
2018-09-01 | 0 days | 1,988 sqft |
2018-10-01 | 0 days | 2,001 sqft |
2018-11-01 | 0 days | 2,015 sqft |
2018-12-01 | 0 days | 1,973 sqft |
2019-01-01 | 0 days | 1,961 sqft |
2019-02-01 | 0 days | 1,925 sqft |
2019-03-01 | 0 days | 1,937 sqft |
2019-04-01 | 0 days | 1,966 sqft |
2019-05-01 | 0 days | 1,962 sqft |
2019-06-01 | 0 days | 1,947 sqft |
2019-07-01 | 0 days | 2,018 sqft |
2019-08-01 | 0 days | 2,011 sqft |
2019-09-01 | 0 days | 2,001 sqft |
2019-10-01 | 0 days | 1,998 sqft |
2019-11-01 | 0 days | 1,980 sqft |
2019-12-01 | 0 days | 1,974 sqft |
2020-01-01 | 0 days | 1,931 sqft |
2020-02-01 | 0 days | 1,895 sqft |
2020-03-01 | 0 days | 1,987 sqft |
2020-04-01 | 0 days | 2,047 sqft |
2020-05-01 | 0 days | 2,074 sqft |
2020-06-01 | 0 days | 2,136 sqft |
2020-07-01 | 0 days | 2,094 sqft |
2020-08-01 | 0 days | 2,131 sqft |
2020-09-01 | 0 days | 2,092 sqft |
2020-10-01 | 0 days | 2,017 sqft |
2020-11-01 | 0 days | 2,028 sqft |
2020-12-01 | 0 days | 2,049 sqft |
2021-01-01 | 0 days | 1,988 sqft |
2021-02-01 | 0 days | 1,970 sqft |
2021-03-01 | 0 days | 2,000 sqft |
2021-04-01 | 0 days | 1,945 sqft |
2021-05-01 | 0 days | 1,926 sqft |
2021-06-01 | 0 days | 1,981 sqft |
2021-07-01 | 0 days | 2,000 sqft |
2021-08-01 | 0 days | 2,027 sqft |
2021-09-01 | 0 days | 1,951 sqft |
2021-10-01 | 0 days | 1,996 sqft |
2021-11-01 | 0 days | 1,992 sqft |
2021-12-01 | 0 days | 1,912 sqft |
2022-01-01 | 0 days | 1,903 sqft |
2022-02-01 | 0 days | 1,932 sqft |
2022-03-01 | 0 days | 1,751 sqft |
2022-04-01 | 0 days | 1,958 sqft |
2022-05-01 | 0 days | 2,040 sqft |
2022-06-01 | 0 days | 2,219 sqft |
2022-07-01 | 0 days | 2,259 sqft |
2022-08-01 | 0 days | 2,257 sqft |
2022-09-01 | 0 days | 2,234 sqft |
2022-10-01 | 0 days | 2,297 sqft |
2022-11-01 | 0 days | 2,270 sqft |
2022-12-01 | 0 days | 2,247 sqft |
2023-01-01 | 0 days | 2,243 sqft |
2023-02-01 | 0 days | 2,221 sqft |
2023-03-01 | 0 days | 2,223 sqft |
2023-04-01 | 0 days | 2,240 sqft |
2023-05-01 | 0 days | 2,250 sqft |
2023-06-01 | 0 days | 2,293 sqft |
2023-07-01 | 0 days | 2,282 sqft |
2023-08-01 | 0 days | 2,288 sqft |
2023-09-01 | 0 days | 2,114 sqft |
2023-10-01 | 0 days | 2,110 sqft |
2023-11-01 | 0 days | 2,116 sqft |
2023-12-01 | 0 days | 2,105 sqft |
2024-01-01 | 0 days | 2,110 sqft |
2024-02-01 | 0 days | 2,110 sqft |
2024-03-01 | 0 days | 2,056 sqft |
2024-04-01 | 0 days | 2,103 sqft |
2024-05-01 | 0 days | 2,219 sqft |
2024-06-01 | 0 days | 2,180 sqft |
2024-07-01 | 0 days | 2,079 sqft |
2024-08-01 | 0 days | 2,067 sqft |
2024-09-01 | 0 days | 2,096 sqft |
2024-10-01 | 0 days | 2,096 sqft |
2024-11-01 | 0 days | 2,058 sqft |
2024-12-01 | 0 days | 2,050 sqft |
2025-01-01 | 0 days | 2,054 sqft |
2025-02-01 | 0 days | 2,072 sqft |
2025-03-01 | 0 days | 2,061 sqft |
Enterprise's median square footage for active listings during the 2025-03-01 period was 2,061 sqft. One year prior, the average listing was 2,056 sqft.