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 125 lenders originated 1,344 FHA loans during 2021. The total origination value was $460,600,000, with an average FHA loan value of $342,708.
Fort Collins FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Fort Collins
averaged
6.14%
for the week of 2023-01-27, compared to the national average (all FHA variants) of
6.186% for the same period.
Fort Collins's average FHA mortgage closing costs are $9,674.
The average rate for the prior week (2023-01-20) was
5.92% and
one month ago for the week of 2022-12-23, the
average rate was 6.41%.
The average rate one year ago was 3.9%.
For refis of the same type during the week of 2023-01-27, the average rate
was 5.9%.
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 AMERICAN FINANCING CORPORATION, with
92 FHA loans originated. Their average total fees are
$9,953, which is $1,062
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Fort Collins FHA lenders (with over 10 loans originated) are
CHERRY CREEK MORTGAGE, LLC ($5,119), LAKEVIEW LOAN SERVICING, LLC ($6,607), Mr. Cooper ( Nationstar Mortgage ) ($6,615), FREEDOM MORTGAGE CORPORATION ($6,665) and PENNYMAC LOAN SERVICES, LLC ($7,163).
The lowest rate Fort Collins FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (2.63%), UNITED WHOLESALE MORTGAGE, LLC (2.64%), FREEDOM MORTGAGE CORPORATION (2.66%), First Western Trust Bank (2.66%) and HOME POINT FINANCIAL CORPORATION (2.67%).
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 |
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 (6.8%) | $578,888 (4.6%) | 1.74 | 827 |
2018-02-01 | $473,815 (5.5%) | $593,376 (4.9%) | 1.72 | 811 |
2018-03-01 | $480,599 (6.8%) | $616,341 (9.5%) | 1.69 | 860 |
2018-04-01 | $490,950 (9.1%) | $620,647 (12.2%) | 1.66 | 905 |
2018-05-01 | $491,300 (8.1%) | $616,956 (10.5%) | 1.64 | 1,057 |
2018-06-01 | $481,675 (4.9%) | $610,129 (6.7%) | 1.61 | 1,157 |
2018-07-01 | $481,995 (5.6%) | $603,782 (4.8%) | 1.61 | 1,261 |
2018-08-01 | $466,950 (3.8%) | $588,113 (2.9%) | 1.56 | 1,326 |
2018-09-01 | $464,950 (3.3%) | $586,529 (3.1%) | 1.56 | 1,348 |
2018-10-01 | $452,145 (-0.7%) | $577,143 (0.7%) | 1.53 | 1,295 |
2018-11-01 | $449,000 (-2.1%) | $569,146 (0.2%) | 1.52 | 1,255 |
2018-12-01 | $439,990 (-5.4%) | $560,305 (-2.9%) | 1.52 | 1,128 |
2019-01-01 | $439,498 (-6.5%) | $553,836 (-4.3%) | 1.52 | 1,044 |
2019-02-01 | $441,050 (-6.9%) | $553,336 (-6.8%) | 1.49 | 1,041 |
2019-03-01 | $445,909 (-7.2%) | $562,286 (-8.8%) | 1.46 | 1,023 |
2019-04-01 | $451,200 (-8.1%) | $571,431 (-7.9%) | 1.43 | 1,037 |
2019-05-01 | $452,450 (-7.9%) | $573,634 (-7.0%) | 1.41 | 1,164 |
2019-06-01 | $443,500 (-7.9%) | $558,043 (-8.5%) | 1.39 | 1,383 |
2019-07-01 | $437,583 (-9.2%) | $558,217 (-7.6%) | 1.37 | 1,538 |
2019-08-01 | $433,713 (-7.1%) | $554,145 (-5.8%) | 1.37 | 1,512 |
2019-09-01 | $431,782 (-7.1%) | $551,921 (-5.9%) | 1.38 | 1,473 |
2019-10-01 | $430,495 (-4.8%) | $551,339 (-4.5%) | 1.39 | 1,427 |
2019-11-01 | $430,582 (-4.1%) | $552,145 (-3.0%) | 1.41 | 1,306 |
2019-12-01 | $433,127 (-1.6%) | $552,936 (-1.3%) | 1.44 | 1,130 |
2020-01-01 | $439,239 (-0.1%) | $565,516 (2.1%) | 1.47 | 1,011 |
2020-02-01 | $449,900 (2.0%) | $570,761 (3.2%) | 1.47 | 968 |
2020-03-01 | $451,767 (1.3%) | $575,472 (2.3%) | 1.42 | 977 |
2020-04-01 | $452,000 (0.2%) | $584,858 (2.4%) | 1.42 | 1,126 |
2020-05-01 | $460,000 (1.7%) | $588,436 (2.6%) | 1.40 | 1,290 |
2020-06-01 | $472,253 (6.5%) | $599,864 (7.5%) | 1.39 | 1,215 |
2020-07-01 | $469,900 (7.4%) | $596,406 (6.8%) | 1.36 | 1,149 |
2020-08-01 | $469,900 (8.3%) | $602,539 (8.7%) | 1.35 | 1,033 |
2020-09-01 | $464,785 (7.6%) | $608,505 (10.3%) | 1.33 | 927 |
2020-10-01 | $474,950 (10.3%) | $615,838 (11.7%) | 1.36 | 801 |
2020-11-01 | $473,750 (10.0%) | $619,465 (12.2%) | 1.38 | 733 |
2020-12-01 | $475,027 (9.7%) | $624,595 (13.0%) | 1.41 | 651 |
2021-01-01 | $476,663 (8.5%) | $646,579 (14.3%) | 1.42 | 492 |
2021-02-01 | $494,450 (9.9%) | $695,566 (21.9%) | 1.44 | 435 |
2021-03-01 | $518,028 (14.7%) | $711,357 (23.6%) | 1.47 | 379 |
2021-04-01 | $499,950 (10.6%) | $693,309 (18.5%) | 1.35 | 380 |
2021-05-01 | $545,000 (18.5%) | $705,229 (19.9%) | 1.44 | 380 |
2021-06-01 | $532,500 (12.8%) | $696,190 (16.1%) | 1.40 | 476 |
2021-07-01 | $547,163 (16.4%) | $695,494 (16.6%) | 1.44 | 555 |
2021-08-01 | $544,425 (15.9%) | $689,478 (14.4%) | 1.45 | 601 |
2021-09-01 | $544,450 (17.1%) | $685,369 (12.6%) | 1.45 | 592 |
2021-10-01 | $553,345 (16.5%) | $706,719 (14.8%) | 1.48 | 546 |
2021-11-01 | $562,756 (18.8%) | $711,944 (14.9%) | 1.50 | 433 |
2021-12-01 | $511,133 (7.6%) | $626,092 (0.2%) | 1.39 | 980 |
2022-01-01 | $600,258 (25.9%) | $789,756 (22.1%) | 1.62 | 263 |
2022-02-01 | $597,925 (20.9%) | $830,341 (19.4%) | 1.56 | 228 |
2022-03-01 | $601,022 (16.0%) | $831,381 (16.9%) | 1.50 | 248 |
2022-04-01 | $600,000 (20.0%) | $809,376 (16.7%) | 1.43 | 328 |
2022-05-01 | $623,513 (14.4%) | $800,441 (13.5%) | 1.43 | 506 |
2022-06-01 | $627,450 (17.8%) | $794,063 (14.1%) | 1.40 | 672 |
2022-07-01 | $635,000 (16.1%) | $782,247 (12.5%) | 1.44 | 830 |
2022-08-01 | $635,000 (16.6%) | $808,585 (17.3%) | 1.47 | 841 |
2022-09-01 | $620,900 (14.0%) | $786,415 (14.7%) | 1.45 | 882 |
2022-10-01 | $610,000 (10.2%) | $785,902 (11.2%) | 1.44 | 896 |
2022-11-01 | $585,000 (4.0%) | $754,586 (6.0%) | 1.41 | 903 |
2022-12-01 | $584,990 (14.5%) | $754,292 (20.5%) | 1.46 | 743 |
Fort Collins's median listing price comes in at 146% of the national average.
Fort Collins's average listing price for 2022-12-01 was $754,292, a difference of $128,200 (20.5%) versus the prior year and $-294 versus the prior month.
For the 2022-12-01 period, Fort Collins had 743 MLS listings, a difference of -160 listings (-18%) versus the prior month and -237 listings (-24%) 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 | 89 days | 3,007 sqft |
2018-02-01 | 68 days | 2,977 sqft |
2018-03-01 | 47 days | 3,033 sqft |
2018-04-01 | 43 days | 3,004 sqft |
2018-05-01 | 38 days | 2,896 sqft |
2018-06-01 | 37 days | 2,840 sqft |
2018-07-01 | 44 days | 2,823 sqft |
2018-08-01 | 47 days | 2,793 sqft |
2018-09-01 | 52 days | 2,784 sqft |
2018-10-01 | 57 days | 2,743 sqft |
2018-11-01 | 59 days | 2,735 sqft |
2018-12-01 | 72 days | 2,698 sqft |
2019-01-01 | 71 days | 2,606 sqft |
2019-02-01 | 59 days | 2,663 sqft |
2019-03-01 | 50 days | 2,686 sqft |
2019-04-01 | 45 days | 2,755 sqft |
2019-05-01 | 38 days | 2,792 sqft |
2019-06-01 | 38 days | 2,696 sqft |
2019-07-01 | 41 days | 2,684 sqft |
2019-08-01 | 48 days | 2,606 sqft |
2019-09-01 | 54 days | 2,595 sqft |
2019-10-01 | 58 days | 2,588 sqft |
2019-11-01 | 63 days | 2,590 sqft |
2019-12-01 | 82 days | 2,660 sqft |
2020-01-01 | 83 days | 2,659 sqft |
2020-02-01 | 74 days | 2,690 sqft |
2020-03-01 | 54 days | 2,690 sqft |
2020-04-01 | 52 days | 2,685 sqft |
2020-05-01 | 53 days | 2,738 sqft |
2020-06-01 | 51 days | 2,745 sqft |
2020-07-01 | 52 days | 2,730 sqft |
2020-08-01 | 57 days | 2,713 sqft |
2020-09-01 | 60 days | 2,635 sqft |
2020-10-01 | 61 days | 2,568 sqft |
2020-11-01 | 69 days | 2,511 sqft |
2020-12-01 | 82 days | 2,516 sqft |
2021-01-01 | 87 days | 2,489 sqft |
2021-02-01 | 56 days | 2,484 sqft |
2021-03-01 | 61 days | 2,529 sqft |
2021-04-01 | 54 days | 2,415 sqft |
2021-05-01 | 40 days | 2,528 sqft |
2021-06-01 | 31 days | 2,472 sqft |
2021-07-01 | 38 days | 2,488 sqft |
2021-08-01 | 37 days | 2,472 sqft |
2021-09-01 | 37 days | 2,481 sqft |
2021-10-01 | 39 days | 2,464 sqft |
2021-11-01 | 45 days | 2,496 sqft |
2021-12-01 | 61 days | 2,396 sqft |
2022-01-01 | 53 days | 2,575 sqft |
2022-02-01 | 32 days | 2,456 sqft |
2022-03-01 | 27 days | 2,507 sqft |
2022-04-01 | 19 days | 2,526 sqft |
2022-05-01 | 18 days | 2,514 sqft |
2022-06-01 | 23 days | 2,607 sqft |
2022-07-01 | 29 days | 2,643 sqft |
2022-08-01 | 36 days | 2,646 sqft |
2022-09-01 | 40 days | 2,568 sqft |
2022-10-01 | 44 days | 2,601 sqft |
2022-11-01 | 46 days | 2,485 sqft |
2022-12-01 | 64 days | 2,480 sqft |
Fort Collins's median square footage for active listings during the 2022-12-01 period was 2,480 sqft. One year prior, the average listing was 2,396 sqft.