Evanston FHA Loan Rates, Closing Costs & Stats
Evanston, WY
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.
Evanston's 22 lenders originated 70 FHA loans during 2023. The total origination value was $16,940,000, with an average FHA loan value of $242,000.
Evanston FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Evanston
averaged
6.16%
for the week of 2024-12-13, compared to the national average (all FHA variants) of
6.277% for the same period.
Evanston's average FHA mortgage closing costs are $7,979.
The average rate for the prior week (2024-12-06) was
6.12% and
one month ago for the week of 2024-11-08, the
average rate was 6.19%.
The average rate one year ago was 6.7%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.48%.
Evanston 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 Evanston level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 16 | 6.17% | $10,771 |
UNITED WHOLESALE MORTGAGE, LLC | 8 | 6.37% | $11,097 |
Glacier Bank | 8 | 6.53% | $7,679 |
QUICKEN LOANS, LLC | 7 | 6.10% | $11,091 |
CRESCENT MORTGAGE COMPANY | 3 | 6.58% | $9,046 |
ACADEMY MORTGAGE CORPORATION | 2 | 8.25% | $8,494 |
MUTUAL OF OMAHA MORTGAGE, INC. | 2 | 7.00% | $14,236 |
CORNERSTONE HOME LENDING, INC. | 2 | 5.06% | $17,739 |
Unify Home Lending Inc. | 2 | 6.06% | $6,937 |
U.S. Bank | 2 | 6.63% | $10,206 |
SUN WEST MORTGAGE COMPANY, INC. | 1 | 7.72% | $21,832 |
VAN DYK MORTGAGE CORPORATION | 1 | 5.50% | $6,470 |
Wells Fargo Bank | 1 | 7.13% | $6,756 |
BETTER MORTGAGE CORPORATION | 1 | 6.63% | $5,999 |
BROKER SOLUTIONS, INC. | 1 | 6.63% | $10,575 |
Flanagan State Bank | 1 | 6.63% | $11,681 |
FREEDOM MORTGAGE CORPORATION | 1 | 7.25% | $12,643 |
GOLDENWEST | 1 | 6.13% | $10,361 |
GUILD MORTGAGE COMPANY | 1 | 5.75% | $10,415 |
INTERCAP LENDING INC. | 1 | 6.13% | $8,546 |
LAKEVIEW LOAN SERVICING, LLC | 1 | 6.25% | $16,419 |
PENNYMAC LOAN SERVICES, LLC | 1 | 7.12% | $16,111 |
The top Evanston FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
16 FHA loans originated. Their average total fees are
$10,771, which is $326
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Evanston FHA lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($10,771), .
The lowest rate Evanston FHA lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.17%), .
Evanston FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
EVANSTON, WY | UINTA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
EVANSTON, WY | UINTA | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Evanston (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 | $188,225 (14.1%) | $226,206 (15.9%) | 0.00 | 82 |
2018-02-01 | $185,000 (9.0%) | $221,444 (12.8%) | 0.00 | 83 |
2018-03-01 | $187,000 (10.1%) | $223,284 (11.4%) | 0.00 | 83 |
2018-04-01 | $189,925 (11.8%) | $236,147 (13.4%) | 0.00 | 91 |
2018-05-01 | $194,900 (7.6%) | $241,713 (10.9%) | 0.00 | 94 |
2018-06-01 | $199,900 (5.7%) | $234,736 (7.6%) | 0.00 | 92 |
2018-07-01 | $199,225 (8.3%) | $231,529 (5.3%) | 0.00 | 95 |
2018-08-01 | $196,475 (9.5%) | $224,168 (6.7%) | 0.00 | 87 |
2018-09-01 | $187,450 (4.7%) | $216,406 (-0.3%) | 0.00 | 81 |
2018-10-01 | $197,425 (16.3%) | $227,282 (5.6%) | 0.00 | 85 |
2018-11-01 | $212,450 (28.0%) | $229,284 (8.6%) | 0.00 | 79 |
2018-12-01 | $204,750 (20.5%) | $227,258 (8.8%) | 0.00 | 79 |
2019-01-01 | $211,225 (12.2%) | $221,380 (-2.1%) | 0.00 | 75 |
2019-02-01 | $197,200 (6.6%) | $217,138 (-1.9%) | 0.00 | 71 |
2019-03-01 | $198,957 (6.4%) | $221,284 (-0.9%) | 0.00 | 69 |
2019-04-01 | $201,657 (6.2%) | $227,272 (-3.8%) | 0.00 | 72 |
2019-05-01 | $190,700 (-2.2%) | $223,098 (-7.7%) | 0.00 | 74 |
2019-06-01 | $189,900 (-5.0%) | $254,792 (8.5%) | 0.00 | 81 |
2019-07-01 | $189,900 (-4.7%) | $240,267 (3.8%) | 0.00 | 91 |
2019-08-01 | $192,300 (-2.1%) | $239,858 (7.0%) | 0.00 | 79 |
2019-09-01 | $196,575 (4.9%) | $246,413 (13.9%) | 0.00 | 70 |
2019-10-01 | $204,950 (3.8%) | $258,369 (13.7%) | 0.00 | 64 |
2019-11-01 | $205,000 (-3.5%) | $268,580 (17.1%) | 0.00 | 57 |
2019-12-01 | $197,500 (-3.5%) | $269,540 (18.6%) | 0.00 | 55 |
2020-01-01 | $195,000 (-7.7%) | $274,252 (23.9%) | 0.00 | 51 |
2020-02-01 | $219,000 (11.1%) | $275,023 (26.7%) | 0.00 | 49 |
2020-03-01 | $198,875 (0.0%) | $280,559 (26.8%) | 0.00 | 45 |
2020-04-01 | $229,450 (13.8%) | $290,141 (27.7%) | 0.00 | 51 |
2020-05-01 | $220,000 (15.4%) | $276,935 (24.1%) | 0.00 | 60 |
2020-06-01 | $217,475 (14.5%) | $267,186 (4.9%) | 0.00 | 67 |
2020-07-01 | $219,950 (15.8%) | $243,619 (1.4%) | 0.00 | 61 |
2020-08-01 | $215,000 (11.8%) | $243,994 (1.7%) | 0.00 | 42 |
2020-09-01 | $229,975 (17.0%) | $249,001 (1.1%) | 0.00 | 31 |
2020-10-01 | $205,000 (0.0%) | $235,926 (-8.7%) | 0.00 | 26 |
2020-11-01 | $207,500 (1.2%) | $217,325 (-19.1%) | 0.00 | 30 |
2020-12-01 | $213,750 (8.2%) | $235,264 (-12.7%) | 0.00 | 28 |
2021-01-01 | $220,000 (12.8%) | $247,842 (-9.6%) | 0.00 | 25 |
2021-02-01 | $225,950 (3.2%) | $260,548 (-5.3%) | 0.00 | 28 |
2021-03-01 | $255,475 (28.5%) | $357,850 (27.6%) | 0.00 | 28 |
2021-04-01 | $254,000 (10.7%) | $354,602 (22.2%) | 0.00 | 34 |
2021-05-01 | $284,500 (29.3%) | $381,744 (37.9%) | 0.00 | 34 |
2021-06-01 | $281,950 (29.7%) | $391,872 (46.7%) | 0.00 | 44 |
2021-07-01 | $314,500 (43.0%) | $359,579 (47.6%) | 0.00 | 50 |
2021-08-01 | $304,500 (41.6%) | $369,068 (51.3%) | 0.00 | 54 |
2021-09-01 | $282,800 (23.0%) | $376,991 (51.4%) | 0.00 | 45 |
2021-10-01 | $274,950 (34.1%) | $390,961 (65.7%) | 0.00 | 37 |
2021-11-01 | $261,738 (26.1%) | $392,588 (80.7%) | 0.00 | 34 |
2021-12-01 | $248,000 (16.0%) | $391,597 (66.5%) | 0.00 | 29 |
2022-01-01 | $269,000 (22.3%) | $384,105 (55.0%) | 0.00 | 18 |
2022-02-01 | $329,125 (45.7%) | $457,487 (75.6%) | 0.00 | 23 |
2022-03-01 | $399,925 (56.5%) | $499,236 (39.5%) | 0.00 | 26 |
2022-04-01 | $454,900 (79.1%) | $534,702 (50.8%) | 0.00 | 24 |
2022-05-01 | $450,000 (58.2%) | $494,288 (29.5%) | 0.00 | 39 |
2022-06-01 | $407,973 (44.7%) | $474,521 (21.1%) | 0.00 | 48 |
2022-07-01 | $409,500 (30.2%) | $467,289 (30.0%) | 0.00 | 51 |
2022-08-01 | $388,225 (27.5%) | $449,845 (21.9%) | 0.00 | 51 |
2022-09-01 | $372,475 (31.7%) | $436,666 (15.8%) | 0.00 | 53 |
2022-10-01 | $375,000 (36.4%) | $421,812 (7.9%) | 0.00 | 46 |
2022-11-01 | $389,050 (48.6%) | $428,414 (9.1%) | 0.00 | 45 |
2022-12-01 | $389,900 (57.2%) | $405,709 (3.6%) | 0.00 | 39 |
2023-01-01 | $354,656 (31.8%) | $381,552 (-0.7%) | 0.00 | 40 |
2023-02-01 | $349,975 (6.3%) | $379,063 (-17.1%) | 0.00 | 39 |
2023-03-01 | $353,750 (-11.6%) | $381,279 (-23.6%) | 0.00 | 32 |
2023-04-01 | $395,000 (-13.2%) | $439,130 (-17.9%) | 0.00 | 36 |
2023-05-01 | $397,225 (-11.7%) | $456,351 (-7.7%) | 0.00 | 39 |
2023-06-01 | $407,879 (0.0%) | $463,386 (-2.4%) | 0.00 | 43 |
2023-07-01 | $383,500 (-6.4%) | $450,367 (-3.6%) | 0.00 | 50 |
2023-08-01 | $379,000 (-2.4%) | $495,762 (10.2%) | 0.00 | 49 |
2023-09-01 | $359,950 (-3.4%) | $470,198 (7.7%) | 0.00 | 49 |
2023-10-01 | $332,475 (-11.3%) | $466,018 (10.5%) | 0.00 | 50 |
2023-11-01 | $343,225 (-11.8%) | $454,104 (6.0%) | 0.00 | 51 |
2023-12-01 | $359,500 (-7.8%) | $491,288 (21.1%) | 0.00 | 42 |
2024-01-01 | $358,450 (1.1%) | $506,792 (32.8%) | 0.00 | 37 |
2024-02-01 | $367,200 (4.9%) | $565,279 (49.1%) | 0.00 | 34 |
2024-03-01 | $355,000 (0.4%) | $552,078 (44.8%) | 0.00 | 38 |
2024-04-01 | $359,750 (-8.9%) | $564,504 (28.6%) | 0.00 | 37 |
2024-05-01 | $380,000 (-4.3%) | $583,579 (27.9%) | 0.00 | 42 |
2024-06-01 | $435,000 (6.7%) | $592,983 (28.0%) | 0.00 | 39 |
2024-07-01 | $444,000 (15.8%) | $604,647 (34.3%) | 0.00 | 39 |
2024-08-01 | $454,900 (20.0%) | $536,111 (8.1%) | 0.00 | 43 |
2024-09-01 | $414,475 (15.2%) | $512,093 (8.9%) | 0.00 | 48 |
2024-10-01 | $401,749 (20.8%) | $493,638 (5.9%) | 0.00 | 43 |
2024-11-01 | $399,999 (16.5%) | $468,526 (3.2%) | 0.00 | 44 |
Evanston's median listing price comes in at 0% of the national average.
Evanston's average listing price for 2024-11-01 was $468,526, a difference of $14,422 (3.2%) versus the prior year and $-25,112 versus the prior month.
For the 2024-11-01 period, Evanston had 44 MLS listings, a difference of 1 listings (2%) versus the prior month and -7 listings (-14%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Evanston (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,899 sqft |
2018-02-01 | 0 days | 1,878 sqft |
2018-03-01 | 0 days | 1,950 sqft |
2018-04-01 | 0 days | 2,056 sqft |
2018-05-01 | 0 days | 2,059 sqft |
2018-06-01 | 0 days | 2,043 sqft |
2018-07-01 | 0 days | 2,078 sqft |
2018-08-01 | 0 days | 2,099 sqft |
2018-09-01 | 0 days | 2,114 sqft |
2018-10-01 | 0 days | 2,064 sqft |
2018-11-01 | 0 days | 2,121 sqft |
2018-12-01 | 0 days | 2,080 sqft |
2019-01-01 | 0 days | 2,079 sqft |
2019-02-01 | 0 days | 2,048 sqft |
2019-03-01 | 0 days | 2,000 sqft |
2019-04-01 | 0 days | 2,064 sqft |
2019-05-01 | 0 days | 2,030 sqft |
2019-06-01 | 0 days | 1,810 sqft |
2019-07-01 | 0 days | 1,872 sqft |
2019-08-01 | 0 days | 1,862 sqft |
2019-09-01 | 0 days | 1,848 sqft |
2019-10-01 | 0 days | 1,870 sqft |
2019-11-01 | 0 days | 1,886 sqft |
2019-12-01 | 0 days | 1,900 sqft |
2020-01-01 | 0 days | 1,857 sqft |
2020-02-01 | 0 days | 1,842 sqft |
2020-03-01 | 0 days | 1,842 sqft |
2020-04-01 | 0 days | 2,085 sqft |
2020-05-01 | 0 days | 1,876 sqft |
2020-06-01 | 0 days | 2,004 sqft |
2020-07-01 | 0 days | 2,039 sqft |
2020-08-01 | 0 days | 1,728 sqft |
2020-09-01 | 0 days | 1,855 sqft |
2020-10-01 | 0 days | 1,854 sqft |
2020-11-01 | 0 days | 1,743 sqft |
2020-12-01 | 0 days | 1,767 sqft |
2021-01-01 | 0 days | 1,747 sqft |
2021-02-01 | 0 days | 1,754 sqft |
2021-03-01 | 0 days | 1,854 sqft |
2021-04-01 | 0 days | 1,938 sqft |
2021-05-01 | 0 days | 1,976 sqft |
2021-06-01 | 0 days | 2,278 sqft |
2021-07-01 | 0 days | 2,219 sqft |
2021-08-01 | 0 days | 2,215 sqft |
2021-09-01 | 0 days | 2,117 sqft |
2021-10-01 | 0 days | 2,087 sqft |
2021-11-01 | 0 days | 2,101 sqft |
2021-12-01 | 0 days | 1,972 sqft |
2022-01-01 | 0 days | 2,087 sqft |
2022-02-01 | 0 days | 2,098 sqft |
2022-03-01 | 0 days | 2,440 sqft |
2022-04-01 | 0 days | 2,495 sqft |
2022-05-01 | 0 days | 2,392 sqft |
2022-06-01 | 0 days | 2,286 sqft |
2022-07-01 | 0 days | 2,224 sqft |
2022-08-01 | 0 days | 2,235 sqft |
2022-09-01 | 0 days | 2,237 sqft |
2022-10-01 | 0 days | 2,204 sqft |
2022-11-01 | 0 days | 2,221 sqft |
2022-12-01 | 0 days | 2,133 sqft |
2023-01-01 | 0 days | 2,112 sqft |
2023-02-01 | 0 days | 2,112 sqft |
2023-03-01 | 0 days | 2,142 sqft |
2023-04-01 | 0 days | 2,201 sqft |
2023-05-01 | 0 days | 2,358 sqft |
2023-06-01 | 0 days | 2,372 sqft |
2023-07-01 | 0 days | 2,101 sqft |
2023-08-01 | 0 days | 2,000 sqft |
2023-09-01 | 0 days | 2,039 sqft |
2023-10-01 | 0 days | 1,953 sqft |
2023-11-01 | 0 days | 1,991 sqft |
2023-12-01 | 0 days | 1,944 sqft |
2024-01-01 | 0 days | 1,933 sqft |
2024-02-01 | 0 days | 2,008 sqft |
2024-03-01 | 0 days | 2,183 sqft |
2024-04-01 | 0 days | 2,140 sqft |
2024-05-01 | 0 days | 2,249 sqft |
2024-06-01 | 0 days | 2,249 sqft |
2024-07-01 | 0 days | 2,383 sqft |
2024-08-01 | 0 days | 2,203 sqft |
2024-09-01 | 0 days | 2,482 sqft |
2024-10-01 | 0 days | 2,425 sqft |
2024-11-01 | 0 days | 2,093 sqft |
Evanston's median square footage for active listings during the 2024-11-01 period was 2,093 sqft. One year prior, the average listing was 1,991 sqft.