Fort Collins FHA Loan Rates, Closing Costs & Stats
FORT COLLINS, CO
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.
Fort Collins's 86 lenders originated 634 FHA loans during 2023. The total origination value was $301,490,000, with an average FHA loan value of $475,536.
Fort Collins FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Fort Collins
averaged
-0.2%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Fort Collins's average FHA mortgage closing costs are $10,662.
The average rate for the prior week (2024-11-22) was
6.39% and
one month ago for the week of 2024-10-25, the
average rate was 6.07%.
The average rate one year ago was 6.76%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.18%.
Fort Collins 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 Fort Collins level.
The top Fort Collins FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
85 FHA loans originated. Their average total fees are
$16,510, which is $1,107
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Fort Collins FHA lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION ($8,848), EAGLE HOME MORTGAGE, LLC ($12,372), JET HOMELOANS, LLC ($12,728), GUILD MORTGAGE COMPANY ($14,831) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($14,937).
The lowest rate Fort Collins FHA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (4.71%), DHI MORTGAGE COMPANY, LTD. (5.23%), HOMEAMERICAN MORTGAGE CORPORATION (5.41%), Bank of Colorado (5.72%) and JET HOMELOANS, LLC (5.81%).
Fort Collins FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
FORT COLLINS, CO | LARIMER | 2022 | $522,100 | $668,400 | $807,900 | $1,004,050 |
FORT COLLINS, CO | LARIMER | 2023 | $614,100 | $786,150 | $950,300 | $1,181,000 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Fort Collins (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 | $469,950 (6.7%) | $578,375 (4.6%) | 1.74 | 827 |
2018-02-01 | $473,815 (5.6%) | $593,184 (4.9%) | 1.72 | 811 |
2018-03-01 | $479,000 (6.5%) | $613,146 (8.9%) | 1.68 | 860 |
2018-04-01 | $491,200 (9.2%) | $621,106 (12.2%) | 1.67 | 905 |
2018-05-01 | $490,966 (8.0%) | $616,989 (10.4%) | 1.64 | 1,057 |
2018-06-01 | $481,675 (4.8%) | $610,600 (6.7%) | 1.61 | 1,157 |
2018-07-01 | $482,473 (6.2%) | $604,629 (4.9%) | 1.61 | 1,262 |
2018-08-01 | $466,475 (3.7%) | $588,416 (3.0%) | 1.56 | 1,327 |
2018-09-01 | $465,000 (3.3%) | $588,612 (3.5%) | 1.56 | 1,349 |
2018-10-01 | $454,496 (-0.1%) | $578,446 (1.0%) | 1.54 | 1,296 |
2018-11-01 | $449,063 (-2.1%) | $570,267 (0.5%) | 1.52 | 1,256 |
2018-12-01 | $439,945 (-5.4%) | $563,078 (-2.4%) | 1.52 | 1,129 |
2019-01-01 | $439,950 (-6.4%) | $555,245 (-4.0%) | 1.52 | 1,045 |
2019-02-01 | $441,400 (-6.8%) | $553,575 (-6.7%) | 1.49 | 1,042 |
2019-03-01 | $447,143 (-6.7%) | $563,317 (-8.1%) | 1.46 | 1,023 |
2019-04-01 | $451,200 (-8.1%) | $571,456 (-8.0%) | 1.43 | 1,036 |
2019-05-01 | $452,450 (-7.8%) | $573,778 (-7.0%) | 1.41 | 1,164 |
2019-06-01 | $444,000 (-7.8%) | $558,200 (-8.6%) | 1.39 | 1,382 |
2019-07-01 | $437,583 (-9.3%) | $558,361 (-7.7%) | 1.37 | 1,536 |
2019-08-01 | $433,713 (-7.0%) | $554,339 (-5.8%) | 1.37 | 1,510 |
2019-09-01 | $431,782 (-7.1%) | $552,186 (-6.2%) | 1.38 | 1,470 |
2019-10-01 | $430,495 (-5.3%) | $551,609 (-4.6%) | 1.39 | 1,424 |
2019-11-01 | $430,931 (-4.0%) | $552,402 (-3.1%) | 1.41 | 1,303 |
2019-12-01 | $433,450 (-1.5%) | $553,231 (-1.8%) | 1.45 | 1,127 |
2020-01-01 | $439,660 (-0.1%) | $565,819 (1.9%) | 1.47 | 1,009 |
2020-02-01 | $449,900 (1.9%) | $571,307 (3.2%) | 1.47 | 965 |
2020-03-01 | $452,225 (1.1%) | $575,997 (2.3%) | 1.42 | 974 |
2020-04-01 | $452,000 (0.2%) | $585,183 (2.4%) | 1.42 | 1,124 |
2020-05-01 | $460,000 (1.7%) | $588,741 (2.6%) | 1.40 | 1,288 |
2020-06-01 | $472,114 (6.3%) | $599,966 (7.5%) | 1.39 | 1,215 |
2020-07-01 | $469,375 (7.3%) | $596,581 (6.8%) | 1.36 | 1,149 |
2020-08-01 | $469,900 (8.3%) | $602,948 (8.8%) | 1.35 | 1,033 |
2020-09-01 | $464,785 (7.6%) | $608,751 (10.2%) | 1.33 | 928 |
2020-10-01 | $474,475 (10.2%) | $616,407 (11.8%) | 1.36 | 798 |
2020-11-01 | $473,000 (9.8%) | $619,897 (12.2%) | 1.38 | 730 |
2020-12-01 | $474,802 (9.5%) | $624,819 (12.9%) | 1.41 | 648 |
2021-01-01 | $478,326 (8.8%) | $644,327 (13.9%) | 1.43 | 489 |
2021-02-01 | $494,450 (9.9%) | $696,444 (21.9%) | 1.44 | 432 |
2021-03-01 | $516,986 (14.3%) | $712,735 (23.7%) | 1.47 | 376 |
2021-04-01 | $499,950 (10.6%) | $694,158 (18.6%) | 1.35 | 377 |
2021-05-01 | $545,130 (18.5%) | $707,717 (20.2%) | 1.45 | 376 |
2021-06-01 | $533,426 (13.0%) | $697,139 (16.2%) | 1.40 | 474 |
2021-07-01 | $549,000 (17.0%) | $696,591 (16.8%) | 1.45 | 554 |
2021-08-01 | $544,900 (16.0%) | $690,411 (14.5%) | 1.45 | 600 |
2021-09-01 | $544,900 (17.2%) | $686,926 (12.8%) | 1.45 | 589 |
2021-10-01 | $554,500 (16.9%) | $707,679 (14.8%) | 1.48 | 543 |
2021-11-01 | $563,258 (19.1%) | $713,460 (15.1%) | 1.51 | 429 |
2021-12-01 | $510,765 (7.6%) | $625,773 (0.2%) | 1.38 | 987 |
2022-01-01 | $604,245 (26.3%) | $790,142 (22.6%) | 1.63 | 262 |
2022-02-01 | $598,950 (21.1%) | $832,905 (19.6%) | 1.56 | 226 |
2022-03-01 | $611,045 (18.2%) | $835,704 (17.3%) | 1.53 | 245 |
2022-04-01 | $600,000 (20.0%) | $811,818 (17.0%) | 1.43 | 324 |
2022-05-01 | $624,583 (14.6%) | $801,974 (13.3%) | 1.43 | 501 |
2022-06-01 | $627,450 (17.6%) | $794,767 (14.0%) | 1.40 | 667 |
2022-07-01 | $636,500 (15.9%) | $782,609 (12.4%) | 1.43 | 826 |
2022-08-01 | $636,250 (16.8%) | $809,580 (17.3%) | 1.47 | 837 |
2022-09-01 | $621,200 (14.0%) | $786,127 (14.4%) | 1.45 | 881 |
2022-10-01 | $611,875 (10.4%) | $785,467 (11.0%) | 1.44 | 894 |
2022-11-01 | $585,000 (3.9%) | $755,054 (5.8%) | 1.41 | 900 |
2022-12-01 | $584,990 (14.5%) | $756,466 (20.9%) | 1.44 | 739 |
2023-01-01 | $587,000 (-2.9%) | $765,428 (-3.1%) | 1.45 | 627 |
2023-02-01 | $583,906 (-2.5%) | $750,127 (-9.9%) | 1.41 | 609 |
2023-03-01 | $603,720 (-1.2%) | $774,913 (-7.3%) | 1.42 | 610 |
2023-04-01 | $615,495 (2.6%) | $803,381 (-1.0%) | 1.43 | 645 |
2023-05-01 | $636,883 (2.0%) | $812,710 (1.3%) | 1.44 | 803 |
2023-06-01 | $643,300 (2.5%) | $823,565 (3.6%) | 1.45 | 940 |
2023-07-01 | $640,000 (0.6%) | $820,271 (4.8%) | 1.45 | 1,048 |
2023-08-01 | $627,473 (-1.4%) | $800,228 (-1.2%) | 1.44 | 1,088 |
2023-09-01 | $625,000 (0.6%) | $809,636 (3.0%) | 1.46 | 1,064 |
2023-10-01 | $619,995 (1.3%) | $818,851 (4.3%) | 1.46 | 1,091 |
2023-11-01 | $607,500 (3.9%) | $819,870 (8.6%) | 1.45 | 1,016 |
2023-12-01 | $600,000 (2.6%) | $821,522 (8.6%) | 1.46 | 846 |
2024-01-01 | $616,139 (5.0%) | $813,034 (6.2%) | 1.50 | 742 |
2024-02-01 | $618,985 (6.0%) | $820,107 (9.3%) | 1.49 | 730 |
2024-03-01 | $655,000 (8.5%) | $844,054 (8.9%) | 1.54 | 736 |
2024-04-01 | $649,375 (5.5%) | $838,008 (4.3%) | 1.51 | 835 |
2024-05-01 | $657,000 (3.2%) | $849,346 (4.5%) | 1.48 | 993 |
2024-06-01 | $635,500 (-1.2%) | $826,736 (0.4%) | 1.43 | 1,193 |
2024-07-01 | $618,000 (-3.4%) | $788,355 (-3.9%) | 1.41 | 1,334 |
2024-08-01 | $604,950 (-3.6%) | $791,358 (-1.1%) | 1.41 | 1,467 |
2024-09-01 | $599,950 (-4.0%) | $794,466 (-1.9%) | 1.41 | 1,529 |
2024-10-01 | $599,970 (-3.2%) | $794,225 (-3.0%) | 1.41 | 1,485 |
Fort Collins's median listing price comes in at 141% of the national average.
Fort Collins's average listing price for 2024-10-01 was $794,225, a difference of $-24,626 (-3.0%) versus the prior year and $-241 versus the prior month.
For the 2024-10-01 period, Fort Collins had 1,485 MLS listings, a difference of -44 listings (-3%) versus the prior month and 394 listings (36%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fort Collins (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 85 days | 3,007 sqft |
2018-02-01 | 59 days | 2,976 sqft |
2018-03-01 | 45 days | 3,031 sqft |
2018-04-01 | 41 days | 3,013 sqft |
2018-05-01 | 36 days | 2,895 sqft |
2018-06-01 | 37 days | 2,839 sqft |
2018-07-01 | 43 days | 2,826 sqft |
2018-08-01 | 45 days | 2,795 sqft |
2018-09-01 | 50 days | 2,786 sqft |
2018-10-01 | 54 days | 2,745 sqft |
2018-11-01 | 57 days | 2,735 sqft |
2018-12-01 | 69 days | 2,696 sqft |
2019-01-01 | 66 days | 2,608 sqft |
2019-02-01 | 55 days | 2,664 sqft |
2019-03-01 | 48 days | 2,687 sqft |
2019-04-01 | 43 days | 2,755 sqft |
2019-05-01 | 37 days | 2,796 sqft |
2019-06-01 | 37 days | 2,696 sqft |
2019-07-01 | 40 days | 2,686 sqft |
2019-08-01 | 47 days | 2,609 sqft |
2019-09-01 | 53 days | 2,598 sqft |
2019-10-01 | 57 days | 2,591 sqft |
2019-11-01 | 60 days | 2,595 sqft |
2019-12-01 | 70 days | 2,664 sqft |
2020-01-01 | 75 days | 2,663 sqft |
2020-02-01 | 60 days | 2,695 sqft |
2020-03-01 | 44 days | 2,701 sqft |
2020-04-01 | 44 days | 2,694 sqft |
2020-05-01 | 46 days | 2,743 sqft |
2020-06-01 | 40 days | 2,745 sqft |
2020-07-01 | 40 days | 2,730 sqft |
2020-08-01 | 40 days | 2,722 sqft |
2020-09-01 | 44 days | 2,644 sqft |
2020-10-01 | 43 days | 2,589 sqft |
2020-11-01 | 52 days | 2,520 sqft |
2020-12-01 | 59 days | 2,521 sqft |
2021-01-01 | 73 days | 2,490 sqft |
2021-02-01 | 40 days | 2,490 sqft |
2021-03-01 | 49 days | 2,537 sqft |
2021-04-01 | 45 days | 2,418 sqft |
2021-05-01 | 33 days | 2,557 sqft |
2021-06-01 | 30 days | 2,481 sqft |
2021-07-01 | 37 days | 2,501 sqft |
2021-08-01 | 32 days | 2,476 sqft |
2021-09-01 | 36 days | 2,479 sqft |
2021-10-01 | 38 days | 2,464 sqft |
2021-11-01 | 44 days | 2,498 sqft |
2021-12-01 | 59 days | 2,396 sqft |
2022-01-01 | 50 days | 2,600 sqft |
2022-02-01 | 29 days | 2,470 sqft |
2022-03-01 | 25 days | 2,530 sqft |
2022-04-01 | 18 days | 2,555 sqft |
2022-05-01 | 17 days | 2,524 sqft |
2022-06-01 | 23 days | 2,609 sqft |
2022-07-01 | 27 days | 2,649 sqft |
2022-08-01 | 36 days | 2,649 sqft |
2022-09-01 | 39 days | 2,571 sqft |
2022-10-01 | 44 days | 2,605 sqft |
2022-11-01 | 45 days | 2,485 sqft |
2022-12-01 | 64 days | 2,485 sqft |
2023-01-01 | 71 days | 2,470 sqft |
2023-02-01 | 59 days | 2,437 sqft |
2023-03-01 | 47 days | 2,500 sqft |
2023-04-01 | 37 days | 2,582 sqft |
2023-05-01 | 32 days | 2,590 sqft |
2023-06-01 | 34 days | 2,612 sqft |
2023-07-01 | 37 days | 2,577 sqft |
2023-08-01 | 41 days | 2,542 sqft |
2023-09-01 | 45 days | 2,610 sqft |
2023-10-01 | 47 days | 2,547 sqft |
2023-11-01 | 51 days | 2,488 sqft |
2023-12-01 | 66 days | 2,459 sqft |
2024-01-01 | 71 days | 2,456 sqft |
2024-02-01 | 53 days | 2,415 sqft |
2024-03-01 | 38 days | 2,587 sqft |
2024-04-01 | 37 days | 2,562 sqft |
2024-05-01 | 31 days | 2,585 sqft |
2024-06-01 | 31 days | 2,500 sqft |
2024-07-01 | 42 days | 2,478 sqft |
2024-08-01 | 48 days | 2,471 sqft |
2024-09-01 | 51 days | 2,441 sqft |
2024-10-01 | 58 days | 2,419 sqft |
Fort Collins's median square footage for active listings during the 2024-10-01 period was 2,419 sqft. One year prior, the average listing was 2,547 sqft.