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 79 lenders originated 281 FHA loans during 2022. The total origination value was $70,175,000, with an average FHA loan value of $249,733.

    Gettysburg FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Gettysburg averaged -0.17% for the week of 2023-11-24, compared to the national average (all FHA variants) of 0% for the same period.

    Gettysburg's average FHA mortgage closing costs are $7,845.

    The average rate for the prior week (2023-11-17) was 6.63% and one month ago for the week of 2023-10-20, the average rate was 6.93%.

    The average rate one year ago was 6.06%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.26%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 25 4.54% $9,729
    CROSSCOUNTRY MORTGAGE, LLC 19 5.28% $10,841
    CALIBER HOME LOANS, INC. 14 5.09% $9,902
    GUILD MORTGAGE COMPANY 13 4.99% $12,264
    LOANDEPOT.COM, LLC 11 5.34% $10,382
    MCLEAN MORTGAGE CORPORATION 9 4.74% $9,124
    NFM, INC. 8 4.72% $11,392
    BAY CAPITAL MORTGAGE CORPORATION 7 4.93% $9,338
    Towne Bank 6 4.60% $10,322
    Mr. Cooper ( Nationstar Mortgage ) 6 4.17% $9,148
    DHI MORTGAGE COMPANY, LTD. 6 4.50% $10,426
    UNITED WHOLESALE MORTGAGE, LLC 6 4.85% $10,876
    MILLENNIUM FINANCIAL GROUP, INC. 5 4.15% $7,135
    MEMBER FIRST MORTGAGE, LLC 5 5.13% $9,333
    M&T Bank 4 3.81% $9,426
    HOMESPIRE MORTGAGE CORPORATION 4 5.00% $10,927
    PNC Bank 4 3.97% $6,865
    FIRST HOME MORTGAGE CORPORATION 4 6.09% $12,707
    York Traditions Bank 4 5.22% $9,579
    George Mason Mortgage, LLC 3 4.08% $13,842
    LAKEVIEW LOAN SERVICING, LLC 3 4.38% $6,966
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 5.33% $14,095
    Homesale Mortgage, LLC 3 5.71% $8,557
    BELCO COMMUNITY CREDIT UNION 3 6.04% $9,096
    PENNYMAC LOAN SERVICES, LLC 3 3.83% $9,025
    Citizens Bank 3 5.17% $12,457
    MOVEMENT MORTGAGE, LLC 3 6.75% $10,598
    EVERETT FINANCIAL, INC. 3 6.08% $6,020
    Mortgage Network, Inc. 3 6.71% $7,181
    FIRST ALLIANCE HOME MORTGAGE, LLC 3 4.83% $11,574
    ZILLOW HOME LOANS, LLC 2 5.19% $10,479
    BROKER SOLUTIONS, INC. 2 3.74% $10,249
    Carrington Mortgage Services, LLC 2 5.88% $9,012
    EMBRACE HOME LOANS, INC. 2 4.94% $11,033
    FREEDOM MORTGAGE CORPORATION 2 4.63% $8,553
    HOME POINT FINANCIAL CORPORATION 2 3.63% $6,728
    Integrity Home Mortgage Corp 2 3.75% $17,788
    MEMBERS 1ST FEDERAL CREDIT UNION 2 3.25% $6,902
    Meridian Bank Corporation 2 4.38% $8,416
    NEWREZ LLC 2 3.88% $7,298
    Sierra Pacific Mortgage Company, Inc. 2 4.81% $11,454
    T2 FINANCIAL LLC 2 4.25% $10,085
    THRIVE MORTGAGE, LLC 2 5.06% $9,057
    TIDEWATER MORTGAGE SERVICES, INC. 2 6.44% $9,286
    TOP FLITE FINANCIAL, INC. 1 5.63% $11,515
    MILLENIUM HOME MORTGAGE, LLC 1 6.25% $15,901
    Farmers and Merchants Trust Company of Chambersburg 1 2.63% $6,727
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 4.75% $8,716
    DIRECT MORTGAGE LOANS, LLC 1 5.63% $16,253
    Credence Funding Corporation 1 4.38% $9,164
    CHERRY CREEK MORTGAGE, LLC 1 5.63% $4,613
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.25% $9,309
    Nations Lending Corporation 1 5.63% $13,042
    AMERISAVE MORTGAGE CORPORATION 1 4.13% $11,842
    Century Mortgage Company DBA Century Lending Company 1 5.99% $16,975
    Northpointe Bank 1 6.25% $13,732
    Paramount Residential Mortgage Group, Inc. 1 5.75% $14,833
    PATRIOT 1 2.75% $9,237
    CARDINAL FINANCIAL 1 4.75% $8,039
    PHH Mortgage Corporation 1 5.63% $14,112
    Blue Ridge Bank 1 4.75% $11,398
    Bank of England 1 4.88% $10,957
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.75% $6,650
    Bank of America 1 2.88% $8,624
    RELIANCE FIRST CAPITAL, LLC 1 3.00% $14,412
    Sandy Spring Bank 1 5.49% $9,856
    Shore United Bank 1 5.25% $11,818
    AmeriHome Mortgage Company, LLC 1 3.88% $10,872
    SWBC MORTGAGE CORPORATION 1 4.75% $11,226
    Univest Bank and Trust Co. 1 5.25% $8,994
    The Federal Savings Bank 1 3.75% $15,014
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.00% $7,249
    AMERICAN FINANCING CORPORATION 1 4.63% $9,669
    GUARANTEED RATE, INC. 1 3.38% $7,254
    GUARANTEED RATE AFFINITY, LLC 1 6.75% $13,767
    Flagstar Bank, FSB 1 2.63% $6,727
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 7.13% $10,946
    FIRST HERITAGE FINANCIAL, LLC 1 5.75% $10,950
    1ST PREFERENCE MORTGAGE CORP. 1 7.13% $9,633

    The top Gettysburg FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 25 FHA loans originated. Their average total fees are $9,729, which is $1,112 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Gettysburg FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($9,729), CALIBER HOME LOANS, INC. ($9,902), LOANDEPOT.COM, LLC ($10,382), CROSSCOUNTRY MORTGAGE, LLC ($10,841) and GUILD MORTGAGE COMPANY ($12,264).

    The lowest rate Gettysburg FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.54%), GUILD MORTGAGE COMPANY (4.99%), CALIBER HOME LOANS, INC. (5.09%), CROSSCOUNTRY MORTGAGE, LLC (5.28%) and LOANDEPOT.COM, LLC (5.34%).

    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%) $275,443 (6.6%) 0.00 402
    2018-02-01 $224,900 (0.0%) $276,214 (5.0%) 0.00 396
    2018-03-01 $229,900 (0.0%) $277,529 (0.7%) 0.00 412
    2018-04-01 $232,680 (-1.0%) $269,697 (-5.8%) 0.00 411
    2018-05-01 $239,900 (3.1%) $279,622 (-1.0%) 0.00 420
    2018-06-01 $239,000 (1.7%) $276,796 (-4.1%) 0.00 439
    2018-07-01 $242,450 (1.1%) $280,439 (-4.0%) 0.00 426
    2018-08-01 $248,750 (5.0%) $285,132 (-2.3%) 0.00 407
    2018-09-01 $234,895 (-2.1%) $275,129 (-8.4%) 0.00 417
    2018-10-01 $228,400 (-1.1%) $270,002 (-9.1%) 0.00 400
    2018-11-01 $224,900 (-0.9%) $271,889 (-6.7%) 0.00 389
    2018-12-01 $224,330 (0.2%) $263,785 (-6.9%) 0.00 355
    2019-01-01 $222,400 (-1.1%) $266,320 (-3.3%) 0.00 314
    2019-02-01 $229,675 (2.1%) $271,646 (-1.7%) 0.00 330
    2019-03-01 $238,471 (3.7%) $275,561 (-0.7%) 0.00 331
    2019-04-01 $243,471 (4.6%) $281,782 (4.5%) 0.00 356
    2019-05-01 $252,667 (5.3%) $297,804 (6.5%) 0.00 394
    2019-06-01 $249,900 (4.6%) $294,608 (6.4%) 0.00 399
    2019-07-01 $249,900 (3.1%) $300,024 (7.0%) 0.00 409
    2019-08-01 $251,973 (1.3%) $306,007 (7.3%) 0.00 398
    2019-09-01 $256,432 (9.2%) $312,849 (13.7%) 0.00 381
    2019-10-01 $254,454 (11.4%) $318,457 (18.0%) 0.00 361
    2019-11-01 $254,900 (13.3%) $321,367 (18.2%) 0.00 337
    2019-12-01 $258,125 (15.1%) $319,607 (21.2%) 0.00 293
    2020-01-01 $259,900 (16.9%) $321,991 (20.9%) 0.00 271
    2020-02-01 $264,900 (15.3%) $315,922 (16.3%) 0.00 274
    2020-03-01 $277,290 (16.3%) $348,418 (26.4%) 0.00 262
    2020-04-01 $278,307 (14.3%) $358,197 (27.1%) 0.00 240
    2020-05-01 $279,600 (10.7%) $354,829 (19.2%) 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 (29.2%) 0.00 198
    2020-08-01 $304,500 (20.9%) $398,155 (30.1%) 0.00 192
    2020-09-01 $320,195 (24.9%) $410,211 (31.1%) 0.00 188
    2020-10-01 $318,590 (25.2%) $400,052 (25.6%) 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 $353,438 (26.4%) $361,200 (1.8%) 0.00 116
    2021-06-01 $356,689 (23.0%) $363,595 (1.7%) 0.00 129
    2021-07-01 $344,945 (14.6%) $361,373 (-6.8%) 0.00 134
    2021-08-01 $323,425 (6.2%) $340,617 (-14.5%) 0.00 141
    2021-09-01 $311,450 (-2.7%) $336,058 (-18.1%) 0.00 127
    2021-10-01 $312,900 (-1.8%) $334,919 (-16.3%) 0.00 132
    2021-11-01 $312,425 (-4.7%) $335,344 (-17.7%) 0.00 116
    2021-12-01 $329,225 (0.5%) $339,571 (-16.3%) 0.00 100
    2022-01-01 $354,990 (7.6%) $374,175 (-7.6%) 0.00 103
    2022-02-01 $361,400 (8.6%) $446,733 (12.8%) 0.00 114
    2022-03-01 $371,856 (13.2%) $480,600 (36.1%) 0.00 117
    2022-04-01 $374,900 (10.7%) $467,018 (31.3%) 0.00 124
    2022-05-01 $374,900 (6.1%) $431,369 (19.4%) 0.00 144
    2022-06-01 $364,009 (2.1%) $383,404 (5.5%) 0.00 153
    2022-07-01 $350,000 (1.5%) $423,833 (17.3%) 0.00 162
    2022-08-01 $358,380 (10.8%) $419,630 (23.2%) 0.00 178
    2022-09-01 $376,184 (20.8%) $438,959 (30.6%) 0.00 171
    2022-10-01 $372,681 (19.1%) $442,043 (32.0%) 0.00 158
    2022-11-01 $350,000 (12.0%) $442,166 (31.9%) 0.00 159
    2022-12-01 $338,250 (2.7%) $432,608 (27.4%) 0.00 137
    2023-01-01 $371,870 (4.8%) $437,856 (17.0%) 0.00 121
    2023-02-01 $386,375 (6.9%) $439,533 (-1.6%) 0.00 118
    2023-03-01 $398,770 (7.2%) $458,912 (-4.5%) 0.00 114
    2023-04-01 $399,995 (6.7%) $474,832 (1.7%) 0.00 112
    2023-05-01 $399,923 (6.7%) $453,290 (5.1%) 0.00 123
    2023-06-01 $403,686 (10.9%) $453,218 (18.2%) 0.00 119
    2023-07-01 $399,990 (14.3%) $455,260 (7.4%) 0.00 110
    2023-08-01 $405,359 (13.1%) $469,014 (11.8%) 0.00 118
    2023-09-01 $399,900 (6.3%) $468,846 (6.8%) 0.00 135
    2023-10-01 $397,927 (6.8%) $443,996 (0.4%) 0.00 144
    Gettysburg's median listing price for 2023-10-01 was $397,927, a difference of $25,246 (6.8%) versus the prior year and $-1,973 versus the prior month.

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

    Gettysburg's average listing price for 2023-10-01 was $443,996, a difference of $1,953 (0.4%) versus the prior year and $-24,850 versus the prior month.

    For the 2023-10-01 period, Gettysburg had 144 MLS listings, a difference of 9 listings (7%) versus the prior month and -14 listings (-9%) 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 1,725 sqft
    2018-03-01 0 days 1,761 sqft
    2018-04-01 0 days 1,776 sqft
    2018-05-01 0 days 1,798 sqft
    2018-06-01 0 days 1,944 sqft
    2018-07-01 0 days 1,943 sqft
    2018-08-01 0 days 1,943 sqft
    2018-09-01 0 days 1,886 sqft
    2018-10-01 0 days 1,911 sqft
    2018-11-01 0 days 1,897 sqft
    2018-12-01 0 days 1,872 sqft
    2019-01-01 0 days 1,879 sqft
    2019-02-01 0 days 1,900 sqft
    2019-03-01 0 days 1,920 sqft
    2019-04-01 0 days 1,964 sqft
    2019-05-01 0 days 1,983 sqft
    2019-06-01 0 days 1,970 sqft
    2019-07-01 0 days 1,982 sqft
    2019-08-01 0 days 1,983 sqft
    2019-09-01 0 days 1,992 sqft
    2019-10-01 0 days 1,995 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 1,948 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 2,004 sqft
    2021-06-01 0 days 2,031 sqft
    2021-07-01 0 days 2,066 sqft
    2021-08-01 0 days 1,969 sqft
    2021-09-01 0 days 1,973 sqft
    2021-10-01 0 days 1,962 sqft
    2021-11-01 0 days 1,920 sqft
    2021-12-01 0 days 1,894 sqft
    2022-01-01 0 days 1,967 sqft
    2022-02-01 0 days 1,966 sqft
    2022-03-01 0 days 1,963 sqft
    2022-04-01 0 days 1,957 sqft
    2022-05-01 0 days 1,967 sqft
    2022-06-01 0 days 1,967 sqft
    2022-07-01 0 days 1,972 sqft
    2022-08-01 0 days 1,960 sqft
    2022-09-01 0 days 2,002 sqft
    2022-10-01 0 days 1,970 sqft
    2022-11-01 0 days 1,962 sqft
    2022-12-01 0 days 1,962 sqft
    2023-01-01 0 days 1,976 sqft
    2023-02-01 0 days 1,962 sqft
    2023-03-01 0 days 1,963 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
    Gettysburg's median listing age (time on market) for 2023-10-01 was 0 days.

    Gettysburg's median square footage for active listings during the 2023-10-01 period was 1,936 sqft. One year prior, the average listing was 1,970 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).