Greeley FHA Loan Rates, Closing Costs & Stats

GREELEY, CO

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits

    • 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.

    Greeley's 137 lenders originated 1,792 FHA loans during 2023. The total origination value was $709,490,000, with an average FHA loan value of $395,921.

    Greeley FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Greeley averaged 6.37% for the week of 2024-07-19, compared to the national average (all FHA variants) of 6.59% for the same period.

    Greeley's average FHA mortgage closing costs are $10,553.

    The average rate for the prior week (2024-07-12) was 6.42% and one month ago for the week of 2024-06-14, the average rate was 6.17%.

    The average rate one year ago was 6.46%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.77%.

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

    Greeley 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 Greeley level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 204 6.03% $16,203
    DHI MORTGAGE COMPANY, LTD. 130 5.30% $16,302
    CROSSCOUNTRY MORTGAGE, LLC 97 6.71% $15,208
    QUICKEN LOANS, LLC 78 6.06% $15,615
    LOANDEPOT.COM, LLC 76 6.52% $14,083
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 75 6.67% $15,796
    AMERICAN FINANCING CORPORATION 56 6.47% $15,796
    UNIVERSAL LENDING CORPORATION 47 6.62% $13,847
    VAN DYK MORTGAGE CORPORATION 46 6.80% $11,127
    PRIMARY RESIDENTIAL MORTGAGE, INC. 44 6.83% $13,509
    Bank of Colorado 36 6.42% $15,008
    GUILD MORTGAGE COMPANY 35 6.79% $15,293
    BROKER SOLUTIONS, INC. 35 6.58% $15,657
    CORNERSTONE HOME LENDING, INC. 31 6.59% $14,207
    Loan Simple, Inc. 30 7.06% $14,304
    Paramount Residential Mortgage Group, Inc. 27 6.51% $15,283
    EAGLE HOME MORTGAGE, LLC 23 4.78% $12,330
    Ixonia Bank 22 6.90% $14,884
    HOMEAMERICAN MORTGAGE CORPORATION 22 5.33% $9,109
    V.I.P. MORTGAGE, INC. 19 6.53% $15,456
    CMG MORTGAGE, INC. 18 5.81% $20,157
    MEGASTAR FINANCIAL CORP. 17 6.29% $14,271
    GUARANTEED RATE, INC. 15 6.32% $15,150
    INSPIRE HOME LOANS INC. 14 5.30% $12,207
    MOVEMENT MORTGAGE, LLC 13 6.57% $15,067
    EVERETT FINANCIAL, INC. 12 6.77% $15,347
    GROUP MORTGAGE, LLC 11 6.22% $15,530
    MUTUAL OF OMAHA MORTGAGE, INC. 10 6.11% $13,888
    ACADEMY MORTGAGE CORPORATION 10 6.41% $15,525
    First National Bank of Omaha 10 6.50% $11,916
    NOVA FINANCIAL & INVESTMENT CORPORATION 10 6.44% $11,133
    CARDINAL FINANCIAL 8 6.50% $14,865
    Nations Lending Corporation 8 6.69% $12,557
    S1L, Inc. 8 6.61% $14,406
    NEWREZ LLC 8 6.34% $13,497
    Elevations Credit Union 8 6.73% $12,727
    NFM, INC. 7 6.50% $14,713
    American Mortgage & Equity Consultants, Inc. 7 5.84% $14,827
    TOWNE MORTGAGE COMPANY 7 5.78% $16,059
    Northpointe Bank 7 6.59% $15,418
    Plains Commerce Bank 6 6.15% $15,213
    Bank of England 6 6.60% $15,759
    SUMMIT FUNDING, INC. 6 6.71% $14,698
    PLANET HOME LENDING, LLC 6 6.00% $13,742
    HOMESIDE FINANCIAL, LLC 6 7.25% $14,803
    NBH Bank 6 6.69% $10,312
    FREEDOM MORTGAGE CORPORATION 6 6.54% $20,339
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 6.52% $17,061
    KBHS HOME LOANS, LLC 5 5.73% $13,650
    OCMBC, INC. 5 7.28% $17,990
    PLAZA HOME MORTGAGE, INC. 5 6.65% $17,332
    BAY EQUITY LLC 5 6.50% $15,322
    AMERISAVE MORTGAGE CORPORATION 5 6.13% $22,141
    Ent Credit Union 5 5.90% $11,195
    Mr. Cooper ( Nationstar Mortgage ) 4 6.00% $20,684
    AMERICAN FINANCIAL RESOURCES, INC. 4 6.66% $15,200
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.97% $14,358
    CALIBER HOME LOANS, INC. 4 6.47% $16,972
    Century Mortgage Company DBA Century Lending Company 4 6.75% $13,767
    LOANPAL, LLC 4 5.88% $13,674
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.88% $18,029
    U.S. Bank 4 6.91% $15,691
    SUN WEST MORTGAGE COMPANY, INC. 3 6.00% $20,218
    Equity Prime Mortgage LLC 3 6.67% $17,286
    NEST HOME LENDING, LLC 3 5.62% $23,801
    First Western Trust Bank 3 5.83% $14,038
    THRIVE MORTGAGE, LLC 3 6.04% $21,859
    Carrington Mortgage Services, LLC 3 6.21% $25,334
    AMCAP MORTGAGE, LTD. 3 6.79% $21,813
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.63% $13,137
    VILLAGE CAPITAL MORTGAGE 3 6.42% $5,863
    LEADERONE FINANCIAL CORPORATION 3 6.54% $15,964
    FirstBank 3 6.83% $8,948
    Flagstar Bank, FSB 3 6.00% $11,089
    LAND HOME FINANCIAL SERVICES, INC. 2 7.19% $18,343
    Independent Bank 2 6.69% $18,602
    GENEVA FINANCIAL, LLC 2 6.50% $15,991
    EMM LOANS LLC 2 5.88% $13,909
    RESIDENTIAL BANCORP 2 7.06% $10,219
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.06% $16,632
    Sunflower Bank 2 6.68% $13,762
    ON Q FINANCIAL, INC. 2 5.24% $13,940
    GUARANTEED RATE AFFINITY, LLC 2 6.11% $13,028
    BNC National Bank 2 5.69% $11,255
    PENNYMAC LOAN SERVICES, LLC 2 6.44% $13,599
    PHH Mortgage Corporation 2 6.81% $14,287
    CHERRY CREEK MORTGAGE, LLC 2 6.31% $884
    AMERICAN FINANCIAL NETWORK, INC. 2 7.69% $19,113
    Zions Bank 2 6.44% $11,322
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.63% $20,053
    CHURCHILL MORTGAGE CORPORATION 1 6.38% $14,722
    CASTLE & COOKE MORTGAGE, LLC 1 6.75% $14,200
    BROOKHOLLOW MORTGAGE SERVICES, LTD 1 6.63% $27,052
    ZILLOW HOME LOANS, LLC 1 6.13% $10,040
    Prosperity Home Mortgage, LLC 1 6.38% $19,844
    Arvest Bank 1 5.50% $13,583
    SeaTrust Mortgage Company 1 7.00% $10,562
    Summit Mortgage Corporation 1 6.75% $11,468
    T2 FINANCIAL LLC 1 6.75% $17,175
    The Federal Savings Bank 1 6.63% $15,364
    TJC Mortgage, Inc. 1 5.25% $22,387
    TOP FLITE FINANCIAL, INC. 1 6.75% $31,708
    AmeriHome Mortgage Company, LLC 1 6.13% $16,439
    UMB Bank 1 7.00% $14,115
    United Fidelity Funding Corp. 1 5.75% $24,347
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 6.75% $24,853
    US MORTGAGE CORPORATION 1 6.00% $22,689
    VERITAS FUNDING, LLC 1 5.13% $25,959
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $5,431
    INTELLILOAN, INC. 1 6.50% $24,833
    INTEGRITY MORTGAGE & FINANCIAL INCORPORATED 1 6.63% $15,553
    INTERNATIONAL CITY MORTGAGE, INC. 1 5.75% $10,789
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $14,175
    JET HOMELOANS, LLC 1 5.75% $12,741
    JLB CORPORATION 1 6.25% $10,338
    JPMorgan Chase Bank 1 7.49% $15,008
    GUARANTY HOME MORTGAGE CORPORATION 1 6.75% $13,348
    Keystone Funding, Inc. 1 6.13% $11,148
    Lakeview Community Capital, LLC 1 6.63% $19,651
    LAKEVIEW LOAN SERVICING, LLC 1 6.99% $15,221
    ALLIED MORTGAGE GROUP, INC. 1 6.75% $10,761
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.75% $23,082
    MANN FINANCIAL INC. 1 7.63% $9,073
    MASON MCDUFFIE MORTGAGE CORPORATION 1 7.00% $18,844
    MEMBER FIRST MORTGAGE, LLC 1 4.88% $14,028
    Midwest Mortgage Associates Corporation 1 6.63% $5,527
    Gateway First Bank 1 5.75% $10,785
    MOUNTAIN WEST FINANCIAL, INC. 1 6.50% $17,340
    NATIONS DIRECT MORTGAGE, LLC 1 6.50% $13,166
    NATIONS RELIABLE LENDING, LLC 1 7.13% $16,260
    Network Funding, L.P. 1 6.50% $16,514
    DRAPER AND KRAMER MORTGAGE CORP. 1 7.25% $13,678
    DIRECT MORTGAGE, CORP. 1 6.75% $15,520
    NMSI, INC. 1 5.50% $24,625
    DAS Acquisition Company, LLC 1 6.63% $19,430
    Core Bank 1 6.13% $11,053
    CITYWIDE HOME LOANS, LLC 1 7.50% $12,627

    The top Greeley FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 204 FHA loans originated. Their average total fees are $16,203, which is $99 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Greeley FHA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($9,109), VAN DYK MORTGAGE CORPORATION ($11,127), NOVA FINANCIAL & INVESTMENT CORPORATION ($11,133), First National Bank of Omaha ($11,916) and INSPIRE HOME LOANS INC. ($12,207).

    The lowest rate Greeley FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.78%), DHI MORTGAGE COMPANY, LTD. (5.30%), INSPIRE HOME LOANS INC. (5.30%), HOMEAMERICAN MORTGAGE CORPORATION (5.33%) and CMG MORTGAGE, INC. (5.81%).

    Greeley FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    GREELEY, CO WELD 2022 $483,000 $618,300 $747,400 $928,850
    GREELEY, CO WELD 2023 $555,450 $711,050 $859,500 $1,068,200

    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).