Gettysburg FHA Loan Rates, Closing Costs & Stats

GETTYSBURG, PA

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 6.48% for the week of 2024-03-22, compared to the national average (all FHA variants) of 6.696% for the same period.

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

The average rate for the prior week (2024-03-15) was 6.7% and one month ago for the week of 2024-02-16, the average rate was 6.32%.

The average rate one year ago was 6.31%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.17%.

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
Gettysburg's median listing price for 2024-02-01 was $399,900, a difference of $9,975 (2.6%) versus the prior year and $0 versus the prior month.

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

Gettysburg's average listing price for 2024-02-01 was $431,909, a difference of $-9,787 (-2.2%) versus the prior year and $20,866 versus the prior month.

For the 2024-02-01 period, Gettysburg had 117 MLS listings, a difference of -8 listings (-6%) versus the prior month and 1 listings (1%) 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
Gettysburg's median listing age (time on market) for 2024-02-01 was 0 days.

Gettysburg's median square footage for active listings during the 2024-02-01 period was 1,859 sqft. One year prior, the average listing was 1,969 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).