Fremont FHA Loan Rates, Closing Costs & Stats

Fremont, NE

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    • 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 6.92% for the week of 2024-04-12, compared to the national average (all FHA variants) of 6.739% for the same period.

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

    The average rate for the prior week (2024-04-05) was 6.64% and one month ago for the week of 2024-03-08, the average rate was 6.58%.

    The average rate one year ago was 6.21%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.74%.

    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
    Fremont's median listing price for 2024-03-01 was $262,500, a difference of $3,250 (1.3%) versus the prior year and $6,750 versus the prior month.

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

    Fremont's average listing price for 2024-03-01 was $317,071, a difference of $1,726 (0.6%) versus the prior year and $3,265 versus the prior month.

    For the 2024-03-01 period, Fremont had 87 MLS listings, a difference of 7 listings (9%) versus the prior month and 35 listings (67%) 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
    Fremont's median listing age (time on market) for 2024-03-01 was 0 days.

    Fremont's median square footage for active listings during the 2024-03-01 period was 1,634 sqft. One year prior, the average listing was 1,515 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).