Eugene FHA Loan Rates, Closing Costs & Stats
EUGENE-SPRINGFIELD, OR
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.
Eugene's 77 lenders originated 700 FHA loans during 2023. The total origination value was $242,420,000, with an average FHA loan value of $346,314.
Eugene FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Eugene
averaged
-0.03%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Eugene's average FHA mortgage closing costs are $10,207.
The average rate for the prior week (2024-11-22) was
6.26% and
one month ago for the week of 2024-10-25, the
average rate was 6.24%.
The average rate one year ago was 7.03%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.36%.
Eugene 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 Eugene level.
The top Eugene FHA lender as defined by loan originations is SUMMIT FUNDING, INC., with
118 FHA loans originated. Their average total fees are
$17,667, which is $1,510
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Eugene FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($11,866), NOVA FINANCIAL & INVESTMENT CORPORATION ($13,411), Century Mortgage Company DBA Century Lending Company ($14,341), CMG MORTGAGE, INC. ($14,466) and QUICKEN LOANS, LLC ($14,845).
The lowest rate Eugene FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.52%), UNITED WHOLESALE MORTGAGE, LLC (5.90%), QUICKEN LOANS, LLC (6.13%), Century Mortgage Company DBA Century Lending Company (6.30%) and CMG MORTGAGE, INC. (6.37%).
Eugene FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
EUGENE-SPRINGFIELD, OR | LANE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
EUGENE-SPRINGFIELD, OR | LANE | 2023 | $481,850 | $616,850 | $745,650 | $926,650 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Eugene (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 | $343,248 (5.6%) | $424,259 (1.7%) | 1.27 | 657 |
2018-02-01 | $372,450 (8.2%) | $464,865 (6.4%) | 1.35 | 598 |
2018-03-01 | $394,950 (13.2%) | $476,747 (8.2%) | 1.39 | 599 |
2018-04-01 | $399,995 (14.3%) | $489,077 (9.9%) | 1.36 | 654 |
2018-05-01 | $407,498 (11.0%) | $498,672 (11.1%) | 1.36 | 697 |
2018-06-01 | $385,000 (7.1%) | $472,030 (7.6%) | 1.28 | 872 |
2018-07-01 | $389,375 (11.3%) | $481,076 (11.5%) | 1.30 | 915 |
2018-08-01 | $371,200 (7.6%) | $470,755 (12.2%) | 1.24 | 1,036 |
2018-09-01 | $369,000 (10.2%) | $467,745 (13.8%) | 1.24 | 1,012 |
2018-10-01 | $368,625 (8.5%) | $465,156 (11.7%) | 1.25 | 952 |
2018-11-01 | $361,450 (3.3%) | $461,338 (7.7%) | 1.23 | 908 |
2018-12-01 | $365,000 (7.4%) | $470,922 (10.1%) | 1.26 | 784 |
2019-01-01 | $366,950 (6.9%) | $475,780 (12.1%) | 1.27 | 654 |
2019-02-01 | $382,350 (2.7%) | $478,407 (2.9%) | 1.29 | 625 |
2019-03-01 | $385,643 (-2.4%) | $474,432 (-0.5%) | 1.26 | 602 |
2019-04-01 | $379,450 (-5.1%) | $454,133 (-7.1%) | 1.20 | 621 |
2019-05-01 | $383,620 (-5.9%) | $456,331 (-8.5%) | 1.20 | 702 |
2019-06-01 | $385,000 (0.0%) | $463,849 (-1.7%) | 1.20 | 791 |
2019-07-01 | $398,975 (2.5%) | $474,040 (-1.5%) | 1.25 | 798 |
2019-08-01 | $395,964 (6.7%) | $469,712 (-0.2%) | 1.25 | 795 |
2019-09-01 | $392,609 (6.4%) | $467,003 (-0.2%) | 1.26 | 800 |
2019-10-01 | $390,248 (5.9%) | $463,136 (-0.4%) | 1.26 | 790 |
2019-11-01 | $397,000 (9.8%) | $469,424 (1.8%) | 1.30 | 670 |
2019-12-01 | $399,000 (9.3%) | $469,106 (-0.4%) | 1.33 | 530 |
2020-01-01 | $399,000 (8.7%) | $467,131 (-1.8%) | 1.33 | 492 |
2020-02-01 | $399,000 (4.4%) | $472,766 (-1.2%) | 1.31 | 457 |
2020-03-01 | $402,500 (4.4%) | $477,946 (0.7%) | 1.26 | 510 |
2020-04-01 | $399,500 (5.3%) | $468,482 (3.2%) | 1.25 | 641 |
2020-05-01 | $419,000 (9.2%) | $477,853 (4.7%) | 1.27 | 635 |
2020-06-01 | $434,350 (12.8%) | $493,556 (6.4%) | 1.28 | 581 |
2020-07-01 | $422,000 (5.8%) | $493,513 (4.1%) | 1.22 | 519 |
2020-08-01 | $425,000 (7.3%) | $501,757 (6.8%) | 1.22 | 488 |
2020-09-01 | $434,350 (10.6%) | $510,294 (9.3%) | 1.24 | 480 |
2020-10-01 | $424,250 (8.7%) | $513,229 (10.8%) | 1.22 | 448 |
2020-11-01 | $410,000 (3.3%) | $513,655 (9.4%) | 1.20 | 371 |
2020-12-01 | $420,000 (5.3%) | $537,269 (14.5%) | 1.25 | 321 |
2021-01-01 | $425,000 (6.5%) | $541,681 (16.0%) | 1.27 | 263 |
2021-02-01 | $414,988 (4.0%) | $526,335 (11.3%) | 1.21 | 250 |
2021-03-01 | $434,719 (8.0%) | $547,781 (14.6%) | 1.23 | 244 |
2021-04-01 | $434,500 (8.8%) | $559,384 (19.4%) | 1.18 | 260 |
2021-05-01 | $449,950 (7.4%) | $567,339 (18.7%) | 1.20 | 306 |
2021-06-01 | $450,000 (3.6%) | $589,166 (19.4%) | 1.18 | 344 |
2021-07-01 | $449,900 (6.6%) | $580,074 (17.5%) | 1.19 | 396 |
2021-08-01 | $461,975 (8.7%) | $603,840 (20.4%) | 1.23 | 452 |
2021-09-01 | $454,673 (4.7%) | $604,833 (18.5%) | 1.21 | 423 |
2021-10-01 | $456,230 (7.5%) | $605,193 (17.9%) | 1.22 | 398 |
2021-11-01 | $467,450 (14.0%) | $626,640 (22.0%) | 1.25 | 340 |
2021-12-01 | $461,250 (9.8%) | $616,898 (14.8%) | 1.25 | 263 |
2022-01-01 | $468,750 (10.3%) | $625,983 (15.6%) | 1.27 | 233 |
2022-02-01 | $469,950 (13.2%) | $648,400 (23.2%) | 1.22 | 230 |
2022-03-01 | $467,450 (7.5%) | $611,534 (11.6%) | 1.17 | 245 |
2022-04-01 | $485,000 (11.6%) | $611,522 (9.3%) | 1.16 | 258 |
2022-05-01 | $492,725 (9.5%) | $621,080 (9.5%) | 1.13 | 361 |
2022-06-01 | $505,000 (12.2%) | $610,346 (3.6%) | 1.12 | 436 |
2022-07-01 | $514,950 (14.5%) | $619,614 (6.8%) | 1.16 | 581 |
2022-08-01 | $508,198 (10.0%) | $617,211 (2.2%) | 1.17 | 573 |
2022-09-01 | $500,965 (10.2%) | $631,360 (4.4%) | 1.17 | 524 |
2022-10-01 | $510,000 (11.8%) | $638,794 (5.6%) | 1.20 | 536 |
2022-11-01 | $499,950 (7.0%) | $628,990 (0.4%) | 1.20 | 516 |
2022-12-01 | $500,000 (8.4%) | $626,399 (1.5%) | 1.23 | 439 |
2023-01-01 | $518,063 (10.5%) | $633,234 (1.2%) | 1.28 | 406 |
2023-02-01 | $511,200 (8.8%) | $626,042 (-3.5%) | 1.23 | 367 |
2023-03-01 | $516,200 (10.4%) | $627,285 (2.6%) | 1.22 | 397 |
2023-04-01 | $524,950 (8.2%) | $625,437 (2.3%) | 1.22 | 426 |
2023-05-01 | $532,000 (8.0%) | $633,129 (1.9%) | 1.21 | 467 |
2023-06-01 | $537,475 (6.4%) | $645,417 (5.8%) | 1.21 | 554 |
2023-07-01 | $535,000 (3.9%) | $657,883 (6.2%) | 1.22 | 646 |
2023-08-01 | $525,000 (3.3%) | $650,321 (5.4%) | 1.21 | 721 |
2023-09-01 | $535,000 (6.8%) | $647,388 (2.5%) | 1.25 | 769 |
2023-10-01 | $529,475 (3.8%) | $653,311 (2.3%) | 1.25 | 745 |
2023-11-01 | $522,447 (4.5%) | $649,023 (3.2%) | 1.24 | 696 |
2023-12-01 | $522,450 (4.5%) | $656,759 (4.9%) | 1.27 | 644 |
2024-01-01 | $527,000 (1.7%) | $666,661 (5.3%) | 1.29 | 549 |
2024-02-01 | $521,236 (2.0%) | $663,837 (6.0%) | 1.25 | 498 |
2024-03-01 | $525,000 (1.7%) | $663,301 (5.7%) | 1.24 | 534 |
2024-04-01 | $534,500 (1.8%) | $665,599 (6.4%) | 1.24 | 607 |
2024-05-01 | $549,500 (3.3%) | $687,503 (8.6%) | 1.24 | 675 |
2024-06-01 | $549,999 (2.3%) | $685,136 (6.2%) | 1.24 | 768 |
2024-07-01 | $547,124 (2.3%) | $672,724 (2.3%) | 1.25 | 835 |
2024-08-01 | $546,798 (4.2%) | $665,338 (2.3%) | 1.27 | 896 |
2024-09-01 | $549,450 (2.7%) | $670,209 (3.5%) | 1.29 | 928 |
2024-10-01 | $540,700 (2.1%) | $670,997 (2.7%) | 1.27 | 907 |
Eugene's median listing price comes in at 127% of the national average.
Eugene's average listing price for 2024-10-01 was $670,997, a difference of $17,686 (2.7%) versus the prior year and $788 versus the prior month.
For the 2024-10-01 period, Eugene had 907 MLS listings, a difference of -21 listings (-2%) versus the prior month and 162 listings (22%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Eugene (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 76 days | 1,907 sqft |
2018-02-01 | 59 days | 1,965 sqft |
2018-03-01 | 44 days | 2,000 sqft |
2018-04-01 | 38 days | 2,045 sqft |
2018-05-01 | 36 days | 2,058 sqft |
2018-06-01 | 32 days | 1,951 sqft |
2018-07-01 | 38 days | 1,939 sqft |
2018-08-01 | 39 days | 1,929 sqft |
2018-09-01 | 46 days | 1,912 sqft |
2018-10-01 | 55 days | 1,902 sqft |
2018-11-01 | 55 days | 1,858 sqft |
2018-12-01 | 59 days | 1,851 sqft |
2019-01-01 | 68 days | 1,847 sqft |
2019-02-01 | 62 days | 1,886 sqft |
2019-03-01 | 49 days | 1,879 sqft |
2019-04-01 | 37 days | 1,842 sqft |
2019-05-01 | 28 days | 1,877 sqft |
2019-06-01 | 32 days | 1,876 sqft |
2019-07-01 | 37 days | 1,960 sqft |
2019-08-01 | 40 days | 1,944 sqft |
2019-09-01 | 46 days | 1,939 sqft |
2019-10-01 | 50 days | 1,935 sqft |
2019-11-01 | 64 days | 1,957 sqft |
2019-12-01 | 76 days | 1,929 sqft |
2020-01-01 | 75 days | 1,926 sqft |
2020-02-01 | 51 days | 1,948 sqft |
2020-03-01 | 44 days | 1,924 sqft |
2020-04-01 | 41 days | 1,866 sqft |
2020-05-01 | 59 days | 1,916 sqft |
2020-06-01 | 60 days | 1,952 sqft |
2020-07-01 | 48 days | 1,934 sqft |
2020-08-01 | 46 days | 1,935 sqft |
2020-09-01 | 44 days | 1,844 sqft |
2020-10-01 | 49 days | 1,810 sqft |
2020-11-01 | 69 days | 1,707 sqft |
2020-12-01 | 78 days | 1,702 sqft |
2021-01-01 | 61 days | 1,638 sqft |
2021-02-01 | 48 days | 1,564 sqft |
2021-03-01 | 41 days | 1,626 sqft |
2021-04-01 | 33 days | 1,618 sqft |
2021-05-01 | 26 days | 1,689 sqft |
2021-06-01 | 27 days | 1,732 sqft |
2021-07-01 | 31 days | 1,710 sqft |
2021-08-01 | 35 days | 1,707 sqft |
2021-09-01 | 42 days | 1,761 sqft |
2021-10-01 | 54 days | 1,726 sqft |
2021-11-01 | 55 days | 1,739 sqft |
2021-12-01 | 49 days | 1,671 sqft |
2022-01-01 | 64 days | 1,688 sqft |
2022-02-01 | 31 days | 1,707 sqft |
2022-03-01 | 29 days | 1,649 sqft |
2022-04-01 | 29 days | 1,686 sqft |
2022-05-01 | 23 days | 1,709 sqft |
2022-06-01 | 26 days | 1,734 sqft |
2022-07-01 | 29 days | 1,789 sqft |
2022-08-01 | 35 days | 1,815 sqft |
2022-09-01 | 44 days | 1,796 sqft |
2022-10-01 | 43 days | 1,816 sqft |
2022-11-01 | 46 days | 1,840 sqft |
2022-12-01 | 60 days | 1,812 sqft |
2023-01-01 | 69 days | 1,815 sqft |
2023-02-01 | 56 days | 1,759 sqft |
2023-03-01 | 38 days | 1,799 sqft |
2023-04-01 | 40 days | 1,786 sqft |
2023-05-01 | 40 days | 1,817 sqft |
2023-06-01 | 36 days | 1,823 sqft |
2023-07-01 | 38 days | 1,814 sqft |
2023-08-01 | 40 days | 1,844 sqft |
2023-09-01 | 44 days | 1,842 sqft |
2023-10-01 | 52 days | 1,823 sqft |
2023-11-01 | 56 days | 1,801 sqft |
2023-12-01 | 64 days | 1,802 sqft |
2024-01-01 | 73 days | 1,817 sqft |
2024-02-01 | 73 days | 1,794 sqft |
2024-03-01 | 44 days | 1,755 sqft |
2024-04-01 | 44 days | 1,785 sqft |
2024-05-01 | 39 days | 1,840 sqft |
2024-06-01 | 43 days | 1,845 sqft |
2024-07-01 | 46 days | 1,839 sqft |
2024-08-01 | 47 days | 1,846 sqft |
2024-09-01 | 53 days | 1,869 sqft |
2024-10-01 | 58 days | 1,858 sqft |
Eugene's median square footage for active listings during the 2024-10-01 period was 1,858 sqft. One year prior, the average listing was 1,823 sqft.