Fremont FHA Loan Rates, Closing Costs & Stats

Fremont, NE

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.

Fremont's 32 lenders originated 99 FHA loans during 2023. The total origination value was $19,455,000, with an average FHA loan value of $196,515.

Fremont FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Fremont averaged 0.18% for the week of 2024-11-29, compared to the national average (all FHA variants) of 0% for the same period.

Fremont's average FHA mortgage closing costs are $6,162.

The average rate for the prior week (2024-11-22) was 6.47% and one month ago for the week of 2024-10-25, the average rate was 6.45%.

The average rate one year ago was 7.24%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.1%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Fremont 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 Fremont level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 15 6.50% $9,516
Regent Financial Group, Inc. 12 6.74% $8,761
Pinnacle Bank 9 6.49% $6,621
First National Bank of Omaha 7 6.52% $6,111
CASTLE & COOKE MORTGAGE, LLC 7 6.73% $10,089
CHARTER WEST BANK 6 6.73% $7,213
Plains Commerce Bank 4 6.00% $7,697
U.S. Bank 3 6.29% $6,256
DHI MORTGAGE COMPANY, LTD. 2 5.13% $9,621
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.75% $4,665
MUTUAL OF OMAHA MORTGAGE, INC. 2 7.19% $10,274
PENNYMAC LOAN SERVICES, LLC 2 6.06% $9,734
GUARANTEED RATE, INC. 2 6.25% $12,431
UNITED WHOLESALE MORTGAGE, LLC 2 6.96% $9,676
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.25% $7,592
Wells Fargo Bank 1 6.88% $6,245
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $7,497
West Gate Bank 1 6.50% $6,251
BAY EQUITY LLC 1 7.63% $6,441
Carrington Mortgage Services, LLC 1 5.75% $12,477
CHURCHILL MORTGAGE CORPORATION 1 6.13% $8,010
Citizens Bank 1 5.75% $10,840
CROSSCOUNTRY MORTGAGE, LLC 1 5.50% $8,242
FLAT BRANCH MORTGAGE, INC. 1 7.25% $5,363
GERSHMAN INVESTMENT CORP. 1 6.13% $6,579
Lincoln FSB of Nebraska 1 6.75% $5,295
LOANDEPOT.COM, LLC 1 4.75% $7,683
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $9,594
MOVEMENT MORTGAGE, LLC 1 6.75% $9,201
Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $11,696
SUN WEST MORTGAGE COMPANY, INC. 1 6.13% $9,154
Union Bank and Trust Company 1 5.88% $5,939

The top Fremont FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 15 FHA loans originated. Their average total fees are $9,516, which is $754 higher than the next largest lender, Regent Financial Group, Inc..

The lowest fee Fremont FHA lenders (with over 10 loans originated) are Regent Financial Group, Inc. ($8,761), QUICKEN LOANS, LLC ($9,516), .

The lowest rate Fremont FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.50%), Regent Financial Group, Inc. (6.74%), .

Fremont FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
FREMONT, NE DODGE 2022 $420,680 $538,650 $651,050 $809,150
FREMONT, NE DODGE 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fremont (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $180,325 (18.6%) $234,075 (16.5%) 0.00 50
2018-02-01 $168,675 (8.0%) $232,901 (7.2%) 0.00 43
2018-03-01 $178,500 (3.6%) $243,945 (2.9%) 0.00 40
2018-04-01 $178,500 (10.4%) $246,411 (3.5%) 0.00 47
2018-05-01 $226,288 (23.3%) $265,834 (13.4%) 0.00 52
2018-06-01 $219,900 (26.6%) $248,675 (9.5%) 0.00 81
2018-07-01 $206,905 (25.5%) $249,993 (14.2%) 0.00 98
2018-08-01 $199,450 (7.9%) $238,201 (2.4%) 0.00 103
2018-09-01 $199,450 (27.5%) $240,851 (11.9%) 0.00 104
2018-10-01 $187,063 (22.1%) $236,359 (11.5%) 0.00 102
2018-11-01 $177,250 (17.4%) $227,731 (13.1%) 0.00 105
2018-12-01 $163,000 (-4.1%) $205,339 (-6.3%) 0.00 88
2019-01-01 $164,725 (-8.7%) $202,680 (-13.4%) 0.00 80
2019-02-01 $197,425 (17.0%) $222,278 (-4.6%) 0.00 65
2019-03-01 $199,693 (11.9%) $219,588 (-10.0%) 0.00 64
2019-04-01 $199,238 (11.6%) $216,214 (-12.3%) 0.00 65
2019-05-01 $198,538 (-12.3%) $219,662 (-17.4%) 0.00 64
2019-06-01 $214,375 (-2.5%) $234,582 (-5.7%) 0.00 63
2019-07-01 $198,350 (-4.1%) $222,946 (-10.8%) 0.00 76
2019-08-01 $190,455 (-4.5%) $215,236 (-9.6%) 0.00 87
2019-09-01 $177,261 (-11.1%) $201,863 (-16.2%) 0.00 104
2019-10-01 $169,916 (-9.2%) $195,409 (-17.3%) 0.00 112
2019-11-01 $169,950 (-4.1%) $199,439 (-12.4%) 0.00 107
2019-12-01 $162,381 (-0.4%) $185,367 (-9.7%) 0.00 96
2020-01-01 $167,450 (1.7%) $187,064 (-7.7%) 0.00 93
2020-02-01 $179,900 (-8.9%) $187,979 (-15.4%) 0.00 83
2020-03-01 $189,900 (-4.9%) $199,174 (-9.3%) 0.00 82
2020-04-01 $194,900 (-2.2%) $223,106 (3.2%) 0.00 81
2020-05-01 $199,900 (0.7%) $229,823 (4.6%) 0.00 70
2020-06-01 $199,900 (-6.8%) $234,743 (0.1%) 0.00 65
2020-07-01 $201,925 (1.8%) $238,668 (7.1%) 0.00 61
2020-08-01 $207,400 (8.9%) $252,336 (17.2%) 0.00 55
2020-09-01 $194,175 (9.5%) $270,759 (34.1%) 0.00 60
2020-10-01 $186,950 (10.0%) $246,120 (26.0%) 0.00 59
2020-11-01 $183,175 (7.8%) $227,744 (14.2%) 0.00 53
2020-12-01 $206,225 (27.0%) $237,600 (28.2%) 0.00 50
2021-01-01 $252,450 (50.8%) $271,087 (44.9%) 0.00 41
2021-02-01 $219,950 (22.3%) $267,985 (42.6%) 0.00 35
2021-03-01 $252,463 (32.9%) $281,902 (41.5%) 0.00 39
2021-04-01 $250,463 (28.5%) $278,342 (24.8%) 0.00 31
2021-05-01 $235,610 (17.9%) $276,382 (20.3%) 0.00 43
2021-06-01 $222,550 (11.3%) $266,570 (13.6%) 0.00 58
2021-07-01 $237,500 (17.6%) $297,123 (24.5%) 0.00 48
2021-08-01 $249,900 (20.5%) $283,583 (12.4%) 0.00 48
2021-09-01 $250,500 (29.0%) $269,137 (-0.6%) 0.00 53
2021-10-01 $249,500 (33.5%) $257,864 (4.8%) 0.00 55
2021-11-01 $249,900 (36.4%) $258,795 (13.6%) 0.00 62
2021-12-01 $234,000 (13.5%) $241,843 (1.8%) 0.00 51
2022-01-01 $229,000 (-9.3%) $235,901 (-13.0%) 0.00 35
2022-02-01 $229,000 (4.1%) $224,493 (-16.2%) 0.00 37
2022-03-01 $235,750 (-6.6%) $232,667 (-17.5%) 0.00 38
2022-04-01 $244,000 (-2.6%) $260,342 (-6.5%) 0.00 40
2022-05-01 $245,500 (4.2%) $278,655 (0.8%) 0.00 54
2022-06-01 $245,000 (10.1%) $291,796 (9.5%) 0.00 57
2022-07-01 $245,000 (3.2%) $301,446 (1.5%) 0.00 70
2022-08-01 $249,900 (0.0%) $288,491 (1.7%) 0.00 71
2022-09-01 $249,450 (-0.4%) $287,056 (6.7%) 0.00 72
2022-10-01 $249,900 (0.2%) $293,013 (13.6%) 0.00 80
2022-11-01 $254,375 (1.8%) $301,416 (16.5%) 0.00 73
2022-12-01 $254,500 (8.8%) $310,186 (28.3%) 0.00 68
2023-01-01 $257,225 (12.3%) $323,175 (37.0%) 0.00 55
2023-02-01 $264,475 (15.5%) $329,367 (46.7%) 0.00 47
2023-03-01 $259,250 (10.0%) $315,345 (35.5%) 0.00 52
2023-04-01 $285,000 (16.8%) $317,313 (21.9%) 0.00 54
2023-05-01 $294,900 (20.1%) $326,130 (17.0%) 0.00 61
2023-06-01 $293,675 (19.9%) $329,601 (13.0%) 0.00 70
2023-07-01 $287,500 (17.4%) $357,110 (18.5%) 0.00 84
2023-08-01 $286,425 (14.6%) $335,254 (16.2%) 0.00 84
2023-09-01 $259,700 (4.1%) $324,045 (12.9%) 0.00 88
2023-10-01 $268,425 (7.4%) $330,991 (13.0%) 0.00 97
2023-11-01 $251,000 (-1.3%) $316,901 (5.1%) 0.00 108
2023-12-01 $249,000 (-2.2%) $310,343 (0.1%) 0.00 100
2024-01-01 $249,000 (-3.2%) $307,808 (-4.8%) 0.00 86
2024-02-01 $255,750 (-3.3%) $313,806 (-4.7%) 0.00 80
2024-03-01 $262,500 (1.3%) $317,071 (0.6%) 0.00 87
2024-04-01 $261,825 (-8.1%) $303,807 (-4.3%) 0.00 86
2024-05-01 $254,925 (-13.6%) $301,427 (-7.6%) 0.00 85
2024-06-01 $250,000 (-14.9%) $297,686 (-9.7%) 0.00 91
2024-07-01 $249,225 (-13.3%) $285,597 (-20.0%) 0.00 92
2024-08-01 $245,450 (-14.3%) $288,096 (-14.1%) 0.00 95
2024-09-01 $244,500 (-5.9%) $301,166 (-7.1%) 0.00 100
2024-10-01 $241,500 (-10.0%) $296,039 (-10.6%) 0.00 105
Fremont's median listing price for 2024-10-01 was $241,500, a difference of $-26,925 (-10.0%) versus the prior year and $-3,000 versus the prior month.

Fremont's median listing price comes in at 0% of the national average.

Fremont's average listing price for 2024-10-01 was $296,039, a difference of $-34,952 (-10.6%) versus the prior year and $-5,127 versus the prior month.

For the 2024-10-01 period, Fremont had 105 MLS listings, a difference of 5 listings (5%) versus the prior month and 8 listings (8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fremont (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,985 sqft
2018-02-01 0 days 1,890 sqft
2018-03-01 0 days 2,102 sqft
2018-04-01 0 days 2,054 sqft
2018-05-01 0 days 2,224 sqft
2018-06-01 0 days 2,104 sqft
2018-07-01 0 days 2,086 sqft
2018-08-01 0 days 2,045 sqft
2018-09-01 0 days 1,955 sqft
2018-10-01 0 days 1,973 sqft
2018-11-01 0 days 1,941 sqft
2018-12-01 0 days 1,853 sqft
2019-01-01 0 days 1,807 sqft
2019-02-01 0 days 1,881 sqft
2019-03-01 0 days 1,994 sqft
2019-04-01 0 days 2,120 sqft
2019-05-01 0 days 2,143 sqft
2019-06-01 0 days 2,212 sqft
2019-07-01 0 days 2,247 sqft
2019-08-01 0 days 2,130 sqft
2019-09-01 0 days 1,941 sqft
2019-10-01 0 days 1,837 sqft
2019-11-01 0 days 1,827 sqft
2019-12-01 0 days 1,724 sqft
2020-01-01 0 days 1,639 sqft
2020-02-01 0 days 1,628 sqft
2020-03-01 0 days 1,629 sqft
2020-04-01 0 days 1,689 sqft
2020-05-01 0 days 1,631 sqft
2020-06-01 0 days 1,672 sqft
2020-07-01 0 days 1,708 sqft
2020-08-01 0 days 1,710 sqft
2020-09-01 0 days 1,700 sqft
2020-10-01 0 days 1,660 sqft
2020-11-01 0 days 1,652 sqft
2020-12-01 0 days 1,692 sqft
2021-01-01 0 days 1,647 sqft
2021-02-01 0 days 1,631 sqft
2021-03-01 0 days 1,631 sqft
2021-04-01 0 days 1,622 sqft
2021-05-01 0 days 1,631 sqft
2021-06-01 0 days 1,631 sqft
2021-07-01 0 days 1,631 sqft
2021-08-01 0 days 1,611 sqft
2021-09-01 0 days 1,475 sqft
2021-10-01 0 days 1,470 sqft
2021-11-01 0 days 1,495 sqft
2021-12-01 0 days 1,470 sqft
2022-01-01 0 days 1,470 sqft
2022-02-01 0 days 1,470 sqft
2022-03-01 0 days 1,473 sqft
2022-04-01 0 days 1,477 sqft
2022-05-01 0 days 1,491 sqft
2022-06-01 0 days 1,596 sqft
2022-07-01 0 days 1,631 sqft
2022-08-01 0 days 1,546 sqft
2022-09-01 0 days 1,507 sqft
2022-10-01 0 days 1,617 sqft
2022-11-01 0 days 1,753 sqft
2022-12-01 0 days 1,864 sqft
2023-01-01 0 days 1,862 sqft
2023-02-01 0 days 1,624 sqft
2023-03-01 0 days 1,515 sqft
2023-04-01 0 days 1,498 sqft
2023-05-01 0 days 1,568 sqft
2023-06-01 0 days 1,620 sqft
2023-07-01 0 days 1,636 sqft
2023-08-01 0 days 1,644 sqft
2023-09-01 0 days 1,631 sqft
2023-10-01 0 days 1,644 sqft
2023-11-01 0 days 1,636 sqft
2023-12-01 0 days 1,646 sqft
2024-01-01 0 days 1,634 sqft
2024-02-01 0 days 1,632 sqft
2024-03-01 0 days 1,634 sqft
2024-04-01 0 days 1,636 sqft
2024-05-01 0 days 1,634 sqft
2024-06-01 0 days 1,631 sqft
2024-07-01 0 days 1,601 sqft
2024-08-01 0 days 1,631 sqft
2024-09-01 0 days 1,647 sqft
2024-10-01 0 days 1,673 sqft
Fremont's median listing age (time on market) for 2024-10-01 was 0 days.

Fremont's median square footage for active listings during the 2024-10-01 period was 1,673 sqft. One year prior, the average listing was 1,644 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).