Glasgow FHA Loan Rates, Closing Costs & Stats
Glasgow, KY
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.
Glasgow's 39 lenders originated 141 FHA loans during 2023. The total origination value was $25,875,000, with an average FHA loan value of $183,511.
Glasgow FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Glasgow
averaged
0.08%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Glasgow's average FHA mortgage closing costs are $6,368.
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%.
Glasgow 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 Glasgow level.
The top Glasgow FHA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with
17 FHA loans originated. Their average total fees are
$9,047, which is $1,023
lower than the next largest lender,
STOCKTON MORTGAGE CORPORATION.
The lowest fee Glasgow FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($6,979), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($9,047), ROSS MORTGAGE CORPORATION ($9,383), STOCKTON MORTGAGE CORPORATION ($10,070) and .
The lowest rate Glasgow FHA lenders (with over 10 loans originated) are
ROSS MORTGAGE CORPORATION (6.67%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.68%), STOCKTON MORTGAGE CORPORATION (6.73%), QUICKEN LOANS, LLC (6.80%) and .
Glasgow FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
GLASGOW, KY | BARREN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
GLASGOW, KY | METCALFE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
GLASGOW, KY | BARREN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
GLASGOW, KY | METCALFE | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Glasgow (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $149,900 (7.9%) | $183,871 (-0.9%) | 0.00 | 170 |
2018-02-01 | $149,000 (4.8%) | $177,655 (-10.6%) | 0.00 | 167 |
2018-03-01 | $164,500 (9.7%) | $200,363 (-2.9%) | 0.00 | 157 |
2018-04-01 | $156,725 (-3.5%) | $192,363 (-7.9%) | 0.00 | 168 |
2018-05-01 | $149,900 (-10.5%) | $188,067 (-13.2%) | 0.00 | 179 |
2018-06-01 | $144,900 (-15.6%) | $185,880 (-17.1%) | 0.00 | 208 |
2018-07-01 | $145,000 (-13.7%) | $185,383 (-16.0%) | 0.00 | 214 |
2018-08-01 | $144,900 (-13.4%) | $182,402 (-14.7%) | 0.00 | 213 |
2018-09-01 | $145,000 (-7.6%) | $186,169 (-6.0%) | 0.00 | 211 |
2018-10-01 | $149,800 (-0.1%) | $185,714 (-2.3%) | 0.00 | 222 |
2018-11-01 | $152,225 (-1.2%) | $183,550 (-3.0%) | 0.00 | 216 |
2018-12-01 | $142,200 (-10.0%) | $173,429 (-8.5%) | 0.00 | 227 |
2019-01-01 | $137,375 (-8.4%) | $169,081 (-8.0%) | 0.00 | 210 |
2019-02-01 | $139,000 (-6.7%) | $174,098 (-2.0%) | 0.00 | 204 |
2019-03-01 | $143,957 (-12.5%) | $181,999 (-9.2%) | 0.00 | 201 |
2019-04-01 | $150,425 (-4.0%) | $188,320 (-2.1%) | 0.00 | 201 |
2019-05-01 | $159,900 (6.7%) | $205,156 (9.1%) | 0.00 | 184 |
2019-06-01 | $154,900 (6.9%) | $207,688 (11.7%) | 0.00 | 177 |
2019-07-01 | $164,300 (13.3%) | $210,703 (13.7%) | 0.00 | 183 |
2019-08-01 | $168,564 (16.3%) | $219,543 (20.4%) | 0.00 | 184 |
2019-09-01 | $166,559 (14.9%) | $216,893 (16.5%) | 0.00 | 190 |
2019-10-01 | $165,000 (10.2%) | $214,214 (15.4%) | 0.00 | 190 |
2019-11-01 | $164,900 (8.3%) | $206,682 (12.6%) | 0.00 | 185 |
2019-12-01 | $159,900 (12.5%) | $204,773 (18.1%) | 0.00 | 175 |
2020-01-01 | $158,450 (15.3%) | $202,045 (19.5%) | 0.00 | 172 |
2020-02-01 | $155,000 (11.5%) | $197,682 (13.6%) | 0.00 | 178 |
2020-03-01 | $172,000 (19.5%) | $216,972 (19.2%) | 0.00 | 153 |
2020-04-01 | $172,500 (14.7%) | $220,216 (16.9%) | 0.00 | 143 |
2020-05-01 | $180,750 (13.0%) | $224,743 (9.6%) | 0.00 | 138 |
2020-06-01 | $185,800 (20.0%) | $236,491 (13.9%) | 0.00 | 114 |
2020-07-01 | $198,000 (20.5%) | $260,884 (23.8%) | 0.00 | 103 |
2020-08-01 | $198,500 (17.8%) | $264,128 (20.3%) | 0.00 | 105 |
2020-09-01 | $193,475 (16.2%) | $258,245 (19.1%) | 0.00 | 88 |
2020-10-01 | $212,000 (28.5%) | $273,103 (27.5%) | 0.00 | 85 |
2020-11-01 | $221,750 (34.5%) | $279,405 (35.2%) | 0.00 | 81 |
2020-12-01 | $203,675 (27.4%) | $271,117 (32.4%) | 0.00 | 86 |
2021-01-01 | $189,900 (19.9%) | $265,452 (31.4%) | 0.00 | 85 |
2021-02-01 | $199,000 (28.4%) | $264,213 (33.7%) | 0.00 | 85 |
2021-03-01 | $187,950 (9.3%) | $254,666 (17.4%) | 0.00 | 76 |
2021-04-01 | $189,225 (9.7%) | $272,692 (23.8%) | 0.00 | 70 |
2021-05-01 | $174,000 (-3.7%) | $246,283 (9.6%) | 0.00 | 79 |
2021-06-01 | $185,950 (0.1%) | $254,744 (7.7%) | 0.00 | 79 |
2021-07-01 | $198,500 (0.3%) | $246,137 (-5.7%) | 0.00 | 82 |
2021-08-01 | $199,000 (0.3%) | $274,585 (4.0%) | 0.00 | 92 |
2021-09-01 | $192,400 (-0.6%) | $265,602 (2.9%) | 0.00 | 115 |
2021-10-01 | $190,500 (-10.1%) | $260,563 (-4.6%) | 0.00 | 141 |
2021-11-01 | $187,400 (-15.5%) | $249,647 (-10.7%) | 0.00 | 161 |
2021-12-01 | $182,325 (-10.5%) | $250,021 (-7.8%) | 0.00 | 149 |
2022-01-01 | $171,250 (-9.8%) | $233,628 (-12.0%) | 0.00 | 127 |
2022-02-01 | $175,450 (-11.8%) | $234,781 (-11.1%) | 0.00 | 103 |
2022-03-01 | $167,075 (-11.1%) | $227,084 (-10.8%) | 0.00 | 89 |
2022-04-01 | $171,450 (-9.4%) | $217,946 (-20.1%) | 0.00 | 95 |
2022-05-01 | $187,575 (7.8%) | $233,075 (-5.4%) | 0.00 | 103 |
2022-06-01 | $206,850 (11.2%) | $246,186 (-3.4%) | 0.00 | 110 |
2022-07-01 | $219,950 (10.8%) | $263,581 (7.1%) | 0.00 | 104 |
2022-08-01 | $224,500 (12.8%) | $263,400 (-4.1%) | 0.00 | 116 |
2022-09-01 | $225,225 (17.1%) | $251,977 (-5.1%) | 0.00 | 126 |
2022-10-01 | $229,500 (20.5%) | $277,703 (6.6%) | 0.00 | 132 |
2022-11-01 | $229,800 (22.6%) | $287,935 (15.3%) | 0.00 | 142 |
2022-12-01 | $228,950 (25.6%) | $291,924 (16.8%) | 0.00 | 154 |
2023-01-01 | $228,000 (33.1%) | $279,859 (19.8%) | 0.00 | 108 |
2023-02-01 | $241,200 (37.5%) | $294,548 (25.5%) | 0.00 | 98 |
2023-03-01 | $244,500 (46.3%) | $307,749 (35.5%) | 0.00 | 100 |
2023-04-01 | $239,000 (39.4%) | $304,606 (39.8%) | 0.00 | 92 |
2023-05-01 | $240,175 (28.0%) | $314,001 (34.7%) | 0.00 | 97 |
2023-06-01 | $245,400 (18.6%) | $337,518 (37.1%) | 0.00 | 90 |
2023-07-01 | $239,900 (9.1%) | $294,851 (11.9%) | 0.00 | 97 |
2023-08-01 | $240,175 (7.0%) | $298,772 (13.4%) | 0.00 | 91 |
2023-09-01 | $247,450 (9.9%) | $301,195 (19.5%) | 0.00 | 97 |
2023-10-01 | $248,675 (8.4%) | $320,658 (15.5%) | 0.00 | 110 |
2023-11-01 | $237,750 (3.5%) | $298,287 (3.6%) | 0.00 | 119 |
2023-12-01 | $239,000 (4.4%) | $296,113 (1.4%) | 0.00 | 119 |
2024-01-01 | $238,375 (4.6%) | $291,576 (4.2%) | 0.00 | 116 |
2024-02-01 | $244,225 (1.3%) | $291,452 (-1.1%) | 0.00 | 115 |
2024-03-01 | $269,000 (10.0%) | $300,860 (-2.2%) | 0.00 | 113 |
2024-04-01 | $247,450 (3.5%) | $285,532 (-6.3%) | 0.00 | 119 |
2024-05-01 | $262,700 (9.4%) | $303,331 (-3.4%) | 0.00 | 121 |
2024-06-01 | $269,900 (10.0%) | $310,032 (-8.1%) | 0.00 | 120 |
2024-07-01 | $276,975 (15.5%) | $321,967 (9.2%) | 0.00 | 126 |
2024-08-01 | $276,250 (15.0%) | $323,932 (8.4%) | 0.00 | 132 |
2024-09-01 | $269,900 (9.1%) | $327,947 (8.9%) | 0.00 | 147 |
2024-10-01 | $269,900 (8.5%) | $329,206 (2.7%) | 0.00 | 159 |
Glasgow's median listing price comes in at 0% of the national average.
Glasgow's average listing price for 2024-10-01 was $329,206, a difference of $8,548 (2.7%) versus the prior year and $1,259 versus the prior month.
For the 2024-10-01 period, Glasgow had 159 MLS listings, a difference of 12 listings (8%) versus the prior month and 49 listings (45%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Glasgow (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,754 sqft |
2018-02-01 | 0 days | 1,780 sqft |
2018-03-01 | 0 days | 1,856 sqft |
2018-04-01 | 0 days | 1,815 sqft |
2018-05-01 | 0 days | 1,813 sqft |
2018-06-01 | 0 days | 1,792 sqft |
2018-07-01 | 0 days | 1,810 sqft |
2018-08-01 | 0 days | 1,801 sqft |
2018-09-01 | 0 days | 1,800 sqft |
2018-10-01 | 0 days | 1,840 sqft |
2018-11-01 | 0 days | 1,829 sqft |
2018-12-01 | 0 days | 1,689 sqft |
2019-01-01 | 0 days | 1,652 sqft |
2019-02-01 | 0 days | 1,687 sqft |
2019-03-01 | 0 days | 1,716 sqft |
2019-04-01 | 0 days | 1,727 sqft |
2019-05-01 | 0 days | 1,832 sqft |
2019-06-01 | 0 days | 1,810 sqft |
2019-07-01 | 0 days | 1,862 sqft |
2019-08-01 | 0 days | 1,898 sqft |
2019-09-01 | 0 days | 1,864 sqft |
2019-10-01 | 0 days | 1,821 sqft |
2019-11-01 | 0 days | 1,750 sqft |
2019-12-01 | 0 days | 1,734 sqft |
2020-01-01 | 0 days | 1,698 sqft |
2020-02-01 | 0 days | 1,696 sqft |
2020-03-01 | 0 days | 1,697 sqft |
2020-04-01 | 0 days | 1,787 sqft |
2020-05-01 | 0 days | 1,810 sqft |
2020-06-01 | 0 days | 1,897 sqft |
2020-07-01 | 0 days | 1,920 sqft |
2020-08-01 | 0 days | 1,728 sqft |
2020-09-01 | 0 days | 1,817 sqft |
2020-10-01 | 0 days | 2,012 sqft |
2020-11-01 | 0 days | 2,044 sqft |
2020-12-01 | 0 days | 1,904 sqft |
2021-01-01 | 0 days | 1,838 sqft |
2021-02-01 | 0 days | 1,757 sqft |
2021-03-01 | 0 days | 1,644 sqft |
2021-04-01 | 0 days | 1,761 sqft |
2021-05-01 | 0 days | 1,623 sqft |
2021-06-01 | 0 days | 1,830 sqft |
2021-07-01 | 0 days | 1,713 sqft |
2021-08-01 | 0 days | 1,777 sqft |
2021-09-01 | 0 days | 1,675 sqft |
2021-10-01 | 0 days | 1,602 sqft |
2021-11-01 | 0 days | 1,578 sqft |
2021-12-01 | 0 days | 1,523 sqft |
2022-01-01 | 0 days | 1,457 sqft |
2022-02-01 | 0 days | 1,387 sqft |
2022-03-01 | 0 days | 1,338 sqft |
2022-04-01 | 0 days | 1,414 sqft |
2022-05-01 | 0 days | 1,453 sqft |
2022-06-01 | 0 days | 1,562 sqft |
2022-07-01 | 0 days | 1,733 sqft |
2022-08-01 | 0 days | 1,741 sqft |
2022-09-01 | 0 days | 1,902 sqft |
2022-10-01 | 0 days | 1,872 sqft |
2022-11-01 | 0 days | 1,812 sqft |
2022-12-01 | 0 days | 1,686 sqft |
2023-01-01 | 0 days | 1,824 sqft |
2023-02-01 | 0 days | 1,898 sqft |
2023-03-01 | 0 days | 1,910 sqft |
2023-04-01 | 0 days | 1,796 sqft |
2023-05-01 | 0 days | 1,909 sqft |
2023-06-01 | 0 days | 1,999 sqft |
2023-07-01 | 0 days | 1,830 sqft |
2023-08-01 | 0 days | 1,828 sqft |
2023-09-01 | 0 days | 1,724 sqft |
2023-10-01 | 0 days | 1,728 sqft |
2023-11-01 | 0 days | 1,651 sqft |
2023-12-01 | 0 days | 1,728 sqft |
2024-01-01 | 0 days | 1,712 sqft |
2024-02-01 | 0 days | 1,690 sqft |
2024-03-01 | 0 days | 1,726 sqft |
2024-04-01 | 0 days | 1,607 sqft |
2024-05-01 | 0 days | 1,690 sqft |
2024-06-01 | 0 days | 1,778 sqft |
2024-07-01 | 0 days | 1,843 sqft |
2024-08-01 | 0 days | 1,900 sqft |
2024-09-01 | 0 days | 1,806 sqft |
2024-10-01 | 0 days | 1,794 sqft |
Glasgow's median square footage for active listings during the 2024-10-01 period was 1,794 sqft. One year prior, the average listing was 1,728 sqft.