Greeley FHA Loan Rates, Closing Costs & Stats
GREELEY, CO
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 141 lenders originated 2,094 FHA loans during 2022. The total origination value was $782,410,000, with an average FHA loan value of $373,644.
Greeley FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Greeley
averaged
6.28%
for the week of 2023-09-22, compared to the national average (all FHA variants) of
7.036% for the same period.
Greeley's average FHA mortgage closing costs are $10,042.
The average rate for the prior week (2023-09-15) was
6.33% and
one month ago for the week of 2023-08-18, the
average rate was 6.24%.
The average rate one year ago was 5.42%.
For refis of the same type during the week of 2023-09-22, the average rate
was 5.59%.
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.
The top Greeley FHA lender as defined by loan originations is AMERICAN FINANCING CORPORATION, with
139 FHA loans originated. Their average total fees are
$13,031, which is $58
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Greeley FHA lenders (with over 10 loans originated) are
CHERRY CREEK MORTGAGE, LLC ($5,577), EVERETT FINANCIAL, INC. ($8,876), HOMEAMERICAN MORTGAGE CORPORATION ($9,024), LAKEVIEW LOAN SERVICING, LLC ($9,530) and TOWNE MORTGAGE COMPANY ($10,553).
The lowest rate Greeley FHA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC (3.80%), Mr. Cooper ( Nationstar Mortgage ) (3.83%), HOME POINT FINANCIAL CORPORATION (3.97%), QUICKEN LOANS, LLC (4.18%) and NEWREZ LLC (4.23%).
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 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Greeley (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 | $400,191 (9.3%) | $462,512 (5.4%) | 1.48 | 699 |
2018-02-01 | $400,377 (5.4%) | $473,878 (4.7%) | 1.46 | 676 |
2018-03-01 | $407,900 (7.6%) | $477,196 (5.1%) | 1.43 | 672 |
2018-04-01 | $399,950 (3.0%) | $472,585 (2.3%) | 1.36 | 684 |
2018-05-01 | $410,000 (3.2%) | $491,436 (4.1%) | 1.37 | 681 |
2018-06-01 | $409,450 (2.5%) | $488,078 (4.8%) | 1.37 | 752 |
2018-07-01 | $398,928 (2.3%) | $489,028 (6.7%) | 1.33 | 803 |
2018-08-01 | $395,056 (0.0%) | $474,319 (1.4%) | 1.32 | 869 |
2018-09-01 | $395,000 (-1.2%) | $467,174 (-0.3%) | 1.33 | 969 |
2018-10-01 | $390,248 (-3.3%) | $465,869 (-1.4%) | 1.32 | 1,043 |
2018-11-01 | $396,250 (-0.9%) | $467,597 (-0.3%) | 1.34 | 1,026 |
2018-12-01 | $398,679 (-0.3%) | $469,924 (0.7%) | 1.38 | 928 |
2019-01-01 | $395,137 (-1.3%) | $474,141 (2.5%) | 1.37 | 864 |
2019-02-01 | $393,789 (-1.7%) | $470,125 (-0.8%) | 1.33 | 856 |
2019-03-01 | $406,429 (-0.4%) | $475,815 (-0.3%) | 1.33 | 895 |
2019-04-01 | $411,404 (2.9%) | $479,655 (1.5%) | 1.31 | 960 |
2019-05-01 | $412,100 (0.5%) | $477,307 (-2.9%) | 1.29 | 990 |
2019-06-01 | $409,700 (0.1%) | $472,627 (-3.2%) | 1.28 | 1,108 |
2019-07-01 | $400,000 (0.3%) | $462,879 (-5.4%) | 1.25 | 1,163 |
2019-08-01 | $399,900 (1.2%) | $463,205 (-2.3%) | 1.27 | 1,185 |
2019-09-01 | $399,900 (1.2%) | $463,989 (-0.7%) | 1.28 | 1,175 |
2019-10-01 | $399,875 (2.5%) | $464,496 (-0.3%) | 1.29 | 1,159 |
2019-11-01 | $402,000 (1.5%) | $471,538 (0.8%) | 1.32 | 1,078 |
2019-12-01 | $404,904 (1.6%) | $478,730 (1.9%) | 1.35 | 951 |
2020-01-01 | $417,000 (5.5%) | $498,015 (5.0%) | 1.39 | 780 |
2020-02-01 | $425,000 (7.9%) | $503,837 (7.2%) | 1.39 | 687 |
2020-03-01 | $437,013 (7.5%) | $509,580 (7.1%) | 1.37 | 713 |
2020-04-01 | $425,000 (3.3%) | $501,534 (4.6%) | 1.33 | 854 |
2020-05-01 | $425,000 (3.1%) | $501,852 (5.1%) | 1.29 | 966 |
2020-06-01 | $424,926 (3.7%) | $504,767 (6.8%) | 1.25 | 932 |
2020-07-01 | $432,190 (8.1%) | $513,291 (10.9%) | 1.25 | 844 |
2020-08-01 | $424,740 (6.2%) | $512,099 (10.6%) | 1.22 | 823 |
2020-09-01 | $425,563 (6.4%) | $516,688 (11.4%) | 1.22 | 783 |
2020-10-01 | $428,900 (7.3%) | $518,915 (11.7%) | 1.23 | 677 |
2020-11-01 | $428,620 (6.6%) | $522,237 (10.8%) | 1.25 | 628 |
2020-12-01 | $424,825 (4.9%) | $519,546 (8.5%) | 1.26 | 539 |
2021-01-01 | $442,744 (6.2%) | $551,130 (10.7%) | 1.32 | 454 |
2021-02-01 | $455,963 (7.3%) | $580,510 (15.2%) | 1.33 | 388 |
2021-03-01 | $461,973 (5.7%) | $582,646 (14.3%) | 1.31 | 382 |
2021-04-01 | $474,625 (11.7%) | $592,697 (18.2%) | 1.28 | 370 |
2021-05-01 | $475,000 (11.8%) | $574,356 (14.5%) | 1.26 | 354 |
2021-06-01 | $487,000 (14.6%) | $577,761 (14.5%) | 1.28 | 376 |
2021-07-01 | $485,000 (12.2%) | $581,732 (13.3%) | 1.28 | 450 |
2021-08-01 | $499,998 (17.7%) | $590,492 (15.3%) | 1.33 | 452 |
2021-09-01 | $493,950 (16.1%) | $609,604 (18.0%) | 1.32 | 459 |
2021-10-01 | $497,682 (16.0%) | $632,210 (21.8%) | 1.33 | 462 |
2021-11-01 | $490,388 (14.4%) | $627,237 (20.1%) | 1.31 | 425 |
2021-12-01 | $454,005 (6.9%) | $564,070 (8.6%) | 1.23 | 764 |
2022-01-01 | $499,950 (12.9%) | $657,478 (19.3%) | 1.35 | 286 |
2022-02-01 | $505,000 (10.8%) | $699,308 (20.5%) | 1.31 | 273 |
2022-03-01 | $521,450 (12.9%) | $679,859 (16.7%) | 1.31 | 300 |
2022-04-01 | $535,755 (12.9%) | $694,588 (17.2%) | 1.28 | 308 |
2022-05-01 | $539,748 (13.6%) | $700,869 (22.0%) | 1.23 | 444 |
2022-06-01 | $550,000 (12.9%) | $685,718 (18.7%) | 1.22 | 644 |
2022-07-01 | $545,000 (12.4%) | $677,409 (16.5%) | 1.23 | 875 |
2022-08-01 | $532,000 (6.4%) | $670,826 (13.6%) | 1.23 | 917 |
2022-09-01 | $523,095 (5.9%) | $659,503 (8.2%) | 1.22 | 926 |
2022-10-01 | $513,450 (3.2%) | $645,080 (2.0%) | 1.21 | 909 |
2022-11-01 | $512,470 (4.5%) | $629,136 (0.3%) | 1.23 | 929 |
2022-12-01 | $509,950 (12.3%) | $630,054 (11.7%) | 1.26 | 771 |
2023-01-01 | $516,371 (3.3%) | $629,160 (-4.3%) | 1.28 | 689 |
2023-02-01 | $517,294 (2.4%) | $637,308 (-8.9%) | 1.25 | 603 |
2023-03-01 | $527,287 (1.1%) | $650,153 (-4.4%) | 1.24 | 599 |
2023-04-01 | $540,000 (0.8%) | $676,039 (-2.7%) | 1.26 | 653 |
2023-05-01 | $540,095 (0.1%) | $679,484 (-3.1%) | 1.22 | 718 |
2023-06-01 | $541,950 (-1.5%) | $676,882 (-1.3%) | 1.22 | 797 |
2023-07-01 | $540,000 (-0.9%) | $654,100 (-3.4%) | 1.23 | 892 |
2023-08-01 | $533,650 (0.3%) | $657,414 (-2.0%) | 1.23 | 925 |
Greeley's median listing price comes in at 123% of the national average.
Greeley's average listing price for 2023-08-01 was $657,414, a difference of $-13,412 (-2.0%) versus the prior year and $3,314 versus the prior month.
For the 2023-08-01 period, Greeley had 925 MLS listings, a difference of 33 listings (4%) versus the prior month and 8 listings (1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Greeley (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 67 days | 3,110 sqft |
2018-02-01 | 52 days | 3,100 sqft |
2018-03-01 | 36 days | 3,082 sqft |
2018-04-01 | 32 days | 3,002 sqft |
2018-05-01 | 33 days | 3,092 sqft |
2018-06-01 | 34 days | 3,013 sqft |
2018-07-01 | 36 days | 2,967 sqft |
2018-08-01 | 33 days | 2,923 sqft |
2018-09-01 | 37 days | 2,928 sqft |
2018-10-01 | 40 days | 2,890 sqft |
2018-11-01 | 49 days | 2,913 sqft |
2018-12-01 | 58 days | 2,893 sqft |
2019-01-01 | 57 days | 2,844 sqft |
2019-02-01 | 39 days | 2,832 sqft |
2019-03-01 | 38 days | 2,872 sqft |
2019-04-01 | 38 days | 2,919 sqft |
2019-05-01 | 38 days | 2,906 sqft |
2019-06-01 | 37 days | 2,876 sqft |
2019-07-01 | 41 days | 2,832 sqft |
2019-08-01 | 42 days | 2,813 sqft |
2019-09-01 | 43 days | 2,809 sqft |
2019-10-01 | 44 days | 2,810 sqft |
2019-11-01 | 49 days | 2,851 sqft |
2019-12-01 | 56 days | 2,833 sqft |
2020-01-01 | 65 days | 2,910 sqft |
2020-02-01 | 44 days | 2,994 sqft |
2020-03-01 | 31 days | 3,033 sqft |
2020-04-01 | 35 days | 2,909 sqft |
2020-05-01 | 40 days | 2,873 sqft |
2020-06-01 | 37 days | 2,841 sqft |
2020-07-01 | 37 days | 2,917 sqft |
2020-08-01 | 35 days | 2,840 sqft |
2020-09-01 | 37 days | 2,742 sqft |
2020-10-01 | 38 days | 2,761 sqft |
2020-11-01 | 42 days | 2,682 sqft |
2020-12-01 | 52 days | 2,636 sqft |
2021-01-01 | 64 days | 2,687 sqft |
2021-02-01 | 37 days | 2,741 sqft |
2021-03-01 | 25 days | 2,673 sqft |
2021-04-01 | 27 days | 2,672 sqft |
2021-05-01 | 25 days | 2,686 sqft |
2021-06-01 | 27 days | 2,586 sqft |
2021-07-01 | 26 days | 2,572 sqft |
2021-08-01 | 31 days | 2,598 sqft |
2021-09-01 | 35 days | 2,517 sqft |
2021-10-01 | 35 days | 2,558 sqft |
2021-11-01 | 37 days | 2,544 sqft |
2021-12-01 | 40 days | 2,487 sqft |
2022-01-01 | 38 days | 2,496 sqft |
2022-02-01 | 31 days | 2,576 sqft |
2022-03-01 | 22 days | 2,605 sqft |
2022-04-01 | 21 days | 2,702 sqft |
2022-05-01 | 17 days | 2,762 sqft |
2022-06-01 | 21 days | 2,811 sqft |
2022-07-01 | 27 days | 2,763 sqft |
2022-08-01 | 35 days | 2,630 sqft |
2022-09-01 | 40 days | 2,589 sqft |
2022-10-01 | 44 days | 2,560 sqft |
2022-11-01 | 45 days | 2,557 sqft |
2022-12-01 | 60 days | 2,564 sqft |
2023-01-01 | 70 days | 2,569 sqft |
2023-02-01 | 50 days | 2,570 sqft |
2023-03-01 | 39 days | 2,636 sqft |
2023-04-01 | 31 days | 2,650 sqft |
2023-05-01 | 33 days | 2,766 sqft |
2023-06-01 | 38 days | 2,736 sqft |
2023-07-01 | 38 days | 2,744 sqft |
2023-08-01 | 41 days | 2,715 sqft |
Greeley's median square footage for active listings during the 2023-08-01 period was 2,715 sqft. One year prior, the average listing was 2,630 sqft.