Gettysburg FHA Loan Rates, Closing Costs & Stats

GETTYSBURG, PA

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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.

    Gettysburg's 68 lenders originated 204 FHA loans during 2023. The total origination value was $52,200,000, with an average FHA loan value of $255,882.

    Gettysburg FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Gettysburg averaged 6.36% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

    Gettysburg's average FHA mortgage closing costs are $8,286.

    The average rate for the prior week (2024-12-06) was 6.13% and one month ago for the week of 2024-11-08, the average rate was 6.29%.

    The average rate one year ago was 6.8%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.95%.

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

    Gettysburg 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 Gettysburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 25 6.13% $12,732
    CROSSCOUNTRY MORTGAGE, LLC 16 6.56% $12,713
    DHI MORTGAGE COMPANY, LTD. 10 5.82% $12,874
    MOVEMENT MORTGAGE, LLC 9 6.93% $10,959
    UNITED WHOLESALE MORTGAGE, LLC 8 6.94% $13,386
    CMG MORTGAGE, INC. 6 7.25% $9,263
    Integrity Home Mortgage Corp 5 5.78% $19,580
    MEMBERS 1ST FEDERAL CREDIT UNION 5 6.33% $8,603
    NFM, INC. 5 6.50% $12,634
    NEWREZ LLC 4 6.22% $10,136
    BAY CAPITAL MORTGAGE CORPORATION 4 6.40% $14,375
    Mr. Cooper ( Nationstar Mortgage ) 4 6.34% $11,262
    M&T Bank 4 6.00% $9,896
    LOANDEPOT.COM, LLC 4 5.93% $11,128
    York Traditions Bank 3 6.58% $8,042
    PENNYMAC LOAN SERVICES, LLC 3 6.29% $11,623
    GUILD MORTGAGE COMPANY 3 6.58% $13,253
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.58% $16,169
    Towne Bank 3 6.58% $8,732
    FIRST ALLIANCE HOME MORTGAGE, LLC 3 7.25% $15,042
    FIRST HOME MORTGAGE CORPORATION 3 6.75% $15,169
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $17,669
    TIDEWATER MORTGAGE SERVICES, INC. 2 6.44% $11,642
    TJC Mortgage, Inc. 2 6.44% $13,024
    CONTOUR MORTGAGE CORPORATION 2 7.25% $15,681
    GUARANTEED RATE AFFINITY, LLC 2 6.25% $12,440
    Fulton Bank 2 6.69% $12,979
    NATIONS DIRECT MORTGAGE, LLC 2 6.50% $20,623
    MILEND, INC. 2 5.69% $12,196
    HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.69% $15,532
    BROKER SOLUTIONS, INC. 2 7.25% $11,074
    Carrington Mortgage Services, LLC 2 6.25% $12,449
    U.S. Bank 1 6.50% $8,722
    US MORTGAGE CORPORATION 1 6.75% $17,536
    VAN DYK MORTGAGE CORPORATION 1 7.13% $11,616
    Wells Fargo Bank 1 6.63% $8,126
    MILLENNIUM FINANCIAL GROUP, INC. 1 5.75% $5,802
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.13% $21,379
    AMERICAN FINANCING CORPORATION 1 6.25% $8,955
    AmeriHome Mortgage Company, LLC 1 7.13% $12,789
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.75% $12,148
    CARDINAL FINANCIAL 1 6.25% $14,654
    DAS Acquisition Company, LLC 1 7.13% $13,150
    DIRECT MORTGAGE LOANS, LLC 1 7.25% $9,176
    EMBRACE HOME LOANS, INC. 1 6.63% $8,453
    EVERETT FINANCIAL, INC. 1 6.13% $13,343
    First National Bank of Pennsylvania 1 6.63% $9,110
    FREEDOM MORTGAGE CORPORATION 1 6.25% $14,531
    Homesale Mortgage, LLC 1 6.63% $12,931
    HOMESPIRE MORTGAGE CORPORATION 1 6.63% $9,497
    HOMESTEAD FUNDING CORP. 1 6.25% $7,653
    LIBERTY HOME MORTGAGE CORPORATION 1 6.50% $14,487
    MEMBER FIRST MORTGAGE, LLC 1 7.63% $8,912
    Alcova Mortgage LLC 1 6.00% $3,715
    MORTGAGE ACCESS CORP. 1 6.75% $15,947
    Mortgage Research Center, LLC 1 7.50% $5,689
    Northpointe Bank 1 6.25% $8,396
    Orrstown Bank 1 6.25% $7,265
    Paramount Residential Mortgage Group, Inc. 1 7.25% $11,173
    PNC Bank 1 7.00% $7,321
    Prosperity Home Mortgage, LLC 1 6.12% $13,168
    Shore United Bank 1 5.63% $13,062
    Sierra Pacific Mortgage Company, Inc. 1 6.38% $8,981
    SOUTHERN TRUST MORTGAGE, LLC 1 7.13% $9,175
    SWBC MORTGAGE CORPORATION 1 7.25% $8,341
    T2 FINANCIAL LLC 1 6.75% $11,211
    THE MORTGAGE LINK, INC. 1 7.13% $7,407
    UNION HOME MORTGAGE CORP. 1 6.38% $12,088

    The top Gettysburg FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 25 FHA loans originated. Their average total fees are $12,732, which is $19 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Gettysburg FHA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($12,713), QUICKEN LOANS, LLC ($12,732), DHI MORTGAGE COMPANY, LTD. ($12,874), .

    The lowest rate Gettysburg FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.82%), QUICKEN LOANS, LLC (6.13%), CROSSCOUNTRY MORTGAGE, LLC (6.56%), .

    Gettysburg FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Gettysburg (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 $224,900 (2.3%) $275,359 (6.6%) 0.00 401
    2018-02-01 $224,900 (0.0%) $276,502 (5.1%) 0.00 395
    2018-03-01 $229,900 (0.0%) $277,805 (0.8%) 0.00 411
    2018-04-01 $234,800 (0.0%) $270,447 (-5.6%) 0.00 409
    2018-05-01 $239,900 (2.3%) $280,010 (-1.2%) 0.00 418
    2018-06-01 $239,650 (0.6%) $277,438 (-4.2%) 0.00 436
    2018-07-01 $245,152 (2.2%) $281,126 (-4.2%) 0.00 423
    2018-08-01 $249,000 (5.0%) $285,889 (-2.6%) 0.00 404
    2018-09-01 $234,900 (-2.1%) $275,477 (-8.9%) 0.00 415
    2018-10-01 $228,700 (-1.2%) $270,219 (-9.5%) 0.00 399
    2018-11-01 $224,925 (-0.9%) $272,004 (-6.8%) 0.00 388
    2018-12-01 $223,615 (0.3%) $263,888 (-7.0%) 0.00 354
    2019-01-01 $222,400 (-1.1%) $266,587 (-3.2%) 0.00 313
    2019-02-01 $229,900 (2.2%) $272,073 (-1.6%) 0.00 328
    2019-03-01 $238,471 (3.7%) $275,998 (-0.7%) 0.00 329
    2019-04-01 $245,021 (4.4%) $282,227 (4.4%) 0.00 354
    2019-05-01 $253,832 (5.8%) $297,936 (6.4%) 0.00 391
    2019-06-01 $249,900 (4.3%) $294,602 (6.2%) 0.00 395
    2019-07-01 $249,900 (1.9%) $300,074 (6.7%) 0.00 405
    2019-08-01 $252,627 (1.5%) $305,862 (7.0%) 0.00 395
    2019-09-01 $256,718 (9.3%) $312,392 (13.4%) 0.00 379
    2019-10-01 $254,495 (11.3%) $317,740 (17.6%) 0.00 360
    2019-11-01 $254,900 (13.3%) $321,367 (18.2%) 0.00 336
    2019-12-01 $258,125 (15.4%) $319,607 (21.1%) 0.00 293
    2020-01-01 $259,900 (16.9%) $321,991 (20.8%) 0.00 271
    2020-02-01 $264,900 (15.2%) $315,922 (16.1%) 0.00 274
    2020-03-01 $277,290 (16.3%) $348,418 (26.2%) 0.00 262
    2020-04-01 $278,307 (13.6%) $358,197 (26.9%) 0.00 240
    2020-05-01 $279,600 (10.2%) $354,829 (19.1%) 0.00 257
    2020-06-01 $289,900 (16.0%) $357,687 (21.4%) 0.00 246
    2020-07-01 $300,950 (20.4%) $387,516 (29.1%) 0.00 198
    2020-08-01 $304,500 (20.5%) $398,155 (30.2%) 0.00 192
    2020-09-01 $320,195 (24.7%) $410,211 (31.3%) 0.00 188
    2020-10-01 $318,590 (25.2%) $400,052 (25.9%) 0.00 176
    2020-11-01 $327,948 (28.7%) $407,567 (26.8%) 0.00 171
    2020-12-01 $327,562 (26.9%) $405,753 (27.0%) 0.00 160
    2021-01-01 $329,900 (26.9%) $404,951 (25.8%) 0.00 147
    2021-02-01 $332,753 (25.6%) $396,159 (25.4%) 0.00 124
    2021-03-01 $328,626 (18.5%) $353,119 (1.4%) 0.00 127
    2021-04-01 $338,629 (21.7%) $355,737 (-0.7%) 0.00 113
    2021-05-01 $350,000 (25.2%) $360,838 (1.7%) 0.00 114
    2021-06-01 $358,433 (23.6%) $363,484 (1.6%) 0.00 128
    2021-07-01 $344,990 (14.6%) $361,388 (-6.7%) 0.00 131
    2021-08-01 $317,725 (4.3%) $339,597 (-14.7%) 0.00 138
    2021-09-01 $309,950 (-3.2%) $334,760 (-18.4%) 0.00 122
    2021-10-01 $310,000 (-2.7%) $334,185 (-16.5%) 0.00 127
    2021-11-01 $309,925 (-5.5%) $333,816 (-18.1%) 0.00 117
    2021-12-01 $329,950 (0.7%) $335,901 (-17.2%) 0.00 99
    2022-01-01 $352,445 (6.8%) $369,596 (-8.7%) 0.00 106
    2022-02-01 $369,945 (11.2%) $444,555 (12.2%) 0.00 117
    2022-03-01 $372,600 (13.4%) $480,426 (36.1%) 0.00 118
    2022-04-01 $374,950 (10.7%) $467,213 (31.3%) 0.00 126
    2022-05-01 $376,238 (7.5%) $431,667 (19.6%) 0.00 145
    2022-06-01 $366,157 (2.2%) $383,523 (5.5%) 0.00 152
    2022-07-01 $355,492 (3.0%) $424,787 (17.5%) 0.00 162
    2022-08-01 $360,353 (13.4%) $420,926 (24.0%) 0.00 176
    2022-09-01 $380,010 (22.6%) $440,804 (31.7%) 0.00 168
    2022-10-01 $374,990 (21.0%) $442,235 (32.3%) 0.00 157
    2022-11-01 $359,000 (15.8%) $444,286 (33.1%) 0.00 156
    2022-12-01 $349,950 (6.1%) $435,135 (29.5%) 0.00 134
    2023-01-01 $377,650 (7.2%) $439,984 (19.0%) 0.00 120
    2023-02-01 $389,925 (5.4%) $441,696 (-0.6%) 0.00 116
    2023-03-01 $399,889 (7.3%) $461,345 (-4.0%) 0.00 112
    2023-04-01 $399,995 (6.7%) $474,832 (1.6%) 0.00 112
    2023-05-01 $399,923 (6.3%) $453,290 (5.0%) 0.00 123
    2023-06-01 $403,686 (10.3%) $453,218 (18.2%) 0.00 119
    2023-07-01 $399,990 (12.5%) $455,260 (7.2%) 0.00 110
    2023-08-01 $405,359 (12.5%) $469,014 (11.4%) 0.00 118
    2023-09-01 $399,900 (5.2%) $468,846 (6.4%) 0.00 135
    2023-10-01 $397,927 (6.1%) $443,996 (0.4%) 0.00 144
    2023-11-01 $399,135 (11.2%) $420,058 (-5.5%) 0.00 152
    2023-12-01 $382,445 (9.3%) $408,033 (-6.2%) 0.00 146
    2024-01-01 $399,900 (5.9%) $411,043 (-6.6%) 0.00 125
    2024-02-01 $399,900 (2.6%) $431,909 (-2.2%) 0.00 117
    2024-03-01 $399,900 (0.0%) $429,646 (-6.9%) 0.00 124
    2024-04-01 $399,900 (0.0%) $437,083 (-8.0%) 0.00 129
    2024-05-01 $412,473 (3.1%) $458,572 (1.2%) 0.00 137
    2024-06-01 $421,000 (4.3%) $458,337 (1.1%) 0.00 150
    2024-07-01 $419,223 (4.8%) $458,640 (0.7%) 0.00 156
    2024-08-01 $404,990 (-0.1%) $459,273 (-2.1%) 0.00 160
    2024-09-01 $407,740 (2.0%) $447,371 (-4.6%) 0.00 159
    2024-10-01 $401,970 (1.0%) $445,887 (0.4%) 0.00 170
    2024-11-01 $399,945 (0.2%) $437,362 (4.1%) 0.00 177
    Gettysburg's median listing price for 2024-11-01 was $399,945, a difference of $810 (0.2%) versus the prior year and $-2,025 versus the prior month.

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

    Gettysburg's average listing price for 2024-11-01 was $437,362, a difference of $17,304 (4.1%) versus the prior year and $-8,525 versus the prior month.

    For the 2024-11-01 period, Gettysburg had 177 MLS listings, a difference of 7 listings (4%) versus the prior month and 25 listings (16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Gettysburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,722 sqft
    2018-02-01 0 days 1,727 sqft
    2018-03-01 0 days 1,756 sqft
    2018-04-01 0 days 1,776 sqft
    2018-05-01 0 days 1,798 sqft
    2018-06-01 0 days 1,947 sqft
    2018-07-01 0 days 1,950 sqft
    2018-08-01 0 days 1,949 sqft
    2018-09-01 0 days 1,904 sqft
    2018-10-01 0 days 1,915 sqft
    2018-11-01 0 days 1,904 sqft
    2018-12-01 0 days 1,872 sqft
    2019-01-01 0 days 1,886 sqft
    2019-02-01 0 days 1,903 sqft
    2019-03-01 0 days 1,923 sqft
    2019-04-01 0 days 1,965 sqft
    2019-05-01 0 days 1,983 sqft
    2019-06-01 0 days 1,973 sqft
    2019-07-01 0 days 1,982 sqft
    2019-08-01 0 days 1,985 sqft
    2019-09-01 0 days 1,991 sqft
    2019-10-01 0 days 1,993 sqft
    2019-11-01 0 days 1,992 sqft
    2019-12-01 0 days 1,981 sqft
    2020-01-01 0 days 1,947 sqft
    2020-02-01 0 days 1,986 sqft
    2020-03-01 0 days 1,992 sqft
    2020-04-01 0 days 1,982 sqft
    2020-05-01 0 days 1,958 sqft
    2020-06-01 0 days 1,954 sqft
    2020-07-01 0 days 1,949 sqft
    2020-08-01 0 days 1,946 sqft
    2020-09-01 0 days 1,946 sqft
    2020-10-01 0 days 2,016 sqft
    2020-11-01 0 days 2,036 sqft
    2020-12-01 0 days 1,975 sqft
    2021-01-01 0 days 1,950 sqft
    2021-02-01 0 days 1,950 sqft
    2021-03-01 0 days 1,934 sqft
    2021-04-01 0 days 1,991 sqft
    2021-05-01 0 days 1,981 sqft
    2021-06-01 0 days 2,032 sqft
    2021-07-01 0 days 2,093 sqft
    2021-08-01 0 days 1,969 sqft
    2021-09-01 0 days 1,969 sqft
    2021-10-01 0 days 1,952 sqft
    2021-11-01 0 days 1,915 sqft
    2021-12-01 0 days 1,891 sqft
    2022-01-01 0 days 1,929 sqft
    2022-02-01 0 days 1,954 sqft
    2022-03-01 0 days 1,958 sqft
    2022-04-01 0 days 1,957 sqft
    2022-05-01 0 days 1,969 sqft
    2022-06-01 0 days 1,967 sqft
    2022-07-01 0 days 1,973 sqft
    2022-08-01 0 days 1,967 sqft
    2022-09-01 0 days 2,013 sqft
    2022-10-01 0 days 1,991 sqft
    2022-11-01 0 days 1,965 sqft
    2022-12-01 0 days 1,974 sqft
    2023-01-01 0 days 1,988 sqft
    2023-02-01 0 days 1,969 sqft
    2023-03-01 0 days 1,969 sqft
    2023-04-01 0 days 2,009 sqft
    2023-05-01 0 days 2,018 sqft
    2023-06-01 0 days 2,039 sqft
    2023-07-01 0 days 2,021 sqft
    2023-08-01 0 days 1,988 sqft
    2023-09-01 0 days 1,944 sqft
    2023-10-01 0 days 1,936 sqft
    2023-11-01 0 days 1,900 sqft
    2023-12-01 0 days 1,868 sqft
    2024-01-01 0 days 1,863 sqft
    2024-02-01 0 days 1,859 sqft
    2024-03-01 0 days 1,872 sqft
    2024-04-01 0 days 1,871 sqft
    2024-05-01 0 days 1,961 sqft
    2024-06-01 0 days 1,980 sqft
    2024-07-01 0 days 1,990 sqft
    2024-08-01 0 days 1,984 sqft
    2024-09-01 0 days 1,996 sqft
    2024-10-01 0 days 2,013 sqft
    2024-11-01 0 days 2,009 sqft
    Gettysburg's median listing age (time on market) for 2024-11-01 was 0 days.

    Gettysburg's median square footage for active listings during the 2024-11-01 period was 2,009 sqft. One year prior, the average listing was 1,900 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).