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 169 lenders originated 3,618 FHA loans during 2021. The total origination value was $1,182,880,000, with an average FHA loan value of $326,943.
Greeley FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Greeley
averaged
6.25%
for the week of 2022-12-02, compared to the national average (all FHA variants) of
6.466% for the same period.
Greeley's average FHA mortgage closing costs are $9,563.
The average rate for the prior week (2022-11-25) was
6.37% and
one month ago for the week of 2022-10-28, the
average rate was 6.81%.
The average rate one year ago was 3.54%.
For refis of the same type during the week of 2022-12-02, the average rate
was 5.96%.
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
290 FHA loans originated. Their average total fees are
$9,853, which is $2,220
lower than the next largest lender,
PRIMARY RESIDENTIAL MORTGAGE, INC..
The lowest fee Greeley FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE ($4,111), Mr. Cooper ( Nationstar Mortgage ) ($5,787), CHERRY CREEK MORTGAGE, LLC ($5,791), Lakeview Community Capital, LLC ($5,808) and AmeriHome Mortgage Company, LLC ($6,095).
The lowest rate Greeley FHA lenders (with over 10 loans originated) are
First Western Trust Bank (2.58%), FREEDOM MORTGAGE CORPORATION (2.62%), QUICKEN LOANS, LLC (2.64%), UNITED WHOLESALE MORTGAGE, LLC (2.68%) and HOME POINT FINANCIAL CORPORATION (2.69%).
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 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Greeley (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 | $401,250 (9.1%) | $464,810 (5.3%) | 1.49 | 699 |
| 2018-02-01 | $402,116 (4.9%) | $474,923 (3.8%) | 1.46 | 676 |
| 2018-03-01 | $409,900 (7.9%) | $480,427 (5.0%) | 1.44 | 672 |
| 2018-04-01 | $399,950 (2.7%) | $471,870 (1.3%) | 1.36 | 684 |
| 2018-05-01 | $409,775 (2.9%) | $490,747 (3.6%) | 1.37 | 681 |
| 2018-06-01 | $409,450 (2.4%) | $487,340 (3.8%) | 1.37 | 752 |
| 2018-07-01 | $398,475 (1.9%) | $488,104 (6.2%) | 1.33 | 803 |
| 2018-08-01 | $395,400 (-0.2%) | $473,595 (1.2%) | 1.32 | 869 |
| 2018-09-01 | $395,000 (-1.2%) | $466,824 (-0.5%) | 1.33 | 969 |
| 2018-10-01 | $390,000 (-3.7%) | $465,376 (-2.0%) | 1.32 | 1,043 |
| 2018-11-01 | $395,474 (-1.2%) | $467,214 (-0.8%) | 1.34 | 1,026 |
| 2018-12-01 | $397,250 (-0.7%) | $468,124 (-0.1%) | 1.37 | 928 |
| 2019-01-01 | $395,292 (-1.5%) | $472,627 (1.7%) | 1.36 | 864 |
| 2019-02-01 | $393,957 (-2.0%) | $469,090 (-1.2%) | 1.33 | 856 |
| 2019-03-01 | $406,407 (-0.9%) | $475,358 (-1.1%) | 1.33 | 896 |
| 2019-04-01 | $411,357 (2.9%) | $479,937 (1.7%) | 1.31 | 962 |
| 2019-05-01 | $412,100 (0.6%) | $477,077 (-2.8%) | 1.29 | 993 |
| 2019-06-01 | $409,500 (0.0%) | $472,420 (-3.1%) | 1.28 | 1,112 |
| 2019-07-01 | $400,000 (0.4%) | $462,733 (-5.2%) | 1.25 | 1,167 |
| 2019-08-01 | $399,900 (1.1%) | $463,047 (-2.2%) | 1.27 | 1,189 |
| 2019-09-01 | $399,900 (1.2%) | $463,805 (-0.7%) | 1.28 | 1,179 |
| 2019-10-01 | $399,875 (2.5%) | $464,294 (-0.2%) | 1.29 | 1,163 |
| 2019-11-01 | $402,000 (1.7%) | $471,202 (0.9%) | 1.32 | 1,081 |
| 2019-12-01 | $404,813 (1.9%) | $478,431 (2.2%) | 1.35 | 954 |
| 2020-01-01 | $416,975 (5.5%) | $497,607 (5.3%) | 1.39 | 784 |
| 2020-02-01 | $425,000 (7.9%) | $503,052 (7.2%) | 1.39 | 692 |
| 2020-03-01 | $437,000 (7.5%) | $508,526 (7.0%) | 1.37 | 717 |
| 2020-04-01 | $425,000 (3.3%) | $500,903 (4.4%) | 1.33 | 859 |
| 2020-05-01 | $425,000 (3.1%) | $501,252 (5.1%) | 1.29 | 971 |
| 2020-06-01 | $424,903 (3.8%) | $504,093 (6.7%) | 1.25 | 937 |
| 2020-07-01 | $432,050 (8.0%) | $512,694 (10.8%) | 1.25 | 849 |
| 2020-08-01 | $424,579 (6.2%) | $511,522 (10.5%) | 1.22 | 829 |
| 2020-09-01 | $425,195 (6.3%) | $515,576 (11.2%) | 1.22 | 790 |
| 2020-10-01 | $428,795 (7.2%) | $517,667 (11.5%) | 1.23 | 684 |
| 2020-11-01 | $428,598 (6.6%) | $521,468 (10.7%) | 1.25 | 633 |
| 2020-12-01 | $424,825 (4.9%) | $518,848 (8.5%) | 1.26 | 543 |
| 2021-01-01 | $442,300 (6.1%) | $550,249 (10.6%) | 1.32 | 458 |
| 2021-02-01 | $455,844 (7.3%) | $579,184 (15.1%) | 1.33 | 392 |
| 2021-03-01 | $461,900 (5.7%) | $581,234 (14.3%) | 1.31 | 387 |
| 2021-04-01 | $474,538 (11.7%) | $591,199 (18.0%) | 1.28 | 374 |
| 2021-05-01 | $475,000 (11.8%) | $573,241 (14.4%) | 1.26 | 358 |
| 2021-06-01 | $482,450 (13.5%) | $576,376 (14.3%) | 1.27 | 380 |
| 2021-07-01 | $484,900 (12.2%) | $580,472 (13.2%) | 1.28 | 454 |
| 2021-08-01 | $499,990 (17.8%) | $589,243 (15.2%) | 1.33 | 456 |
| 2021-09-01 | $492,586 (15.9%) | $608,802 (18.1%) | 1.31 | 464 |
| 2021-10-01 | $493,005 (15.0%) | $634,151 (22.5%) | 1.31 | 467 |
| 2021-11-01 | $490,019 (14.3%) | $625,958 (20.0%) | 1.31 | 430 |
| 2021-12-01 | $454,383 (7.0%) | $564,424 (8.8%) | 1.23 | 765 |
| 2022-01-01 | $498,547 (12.7%) | $654,579 (19.0%) | 1.35 | 290 |
| 2022-02-01 | $504,500 (10.7%) | $695,966 (20.2%) | 1.31 | 278 |
| 2022-03-01 | $515,975 (11.7%) | $675,339 (16.2%) | 1.29 | 307 |
| 2022-04-01 | $533,450 (12.4%) | $691,428 (17.0%) | 1.27 | 314 |
| 2022-05-01 | $536,499 (13.0%) | $698,216 (21.8%) | 1.23 | 450 |
| 2022-06-01 | $550,000 (14.0%) | $684,430 (18.8%) | 1.22 | 649 |
| 2022-07-01 | $542,450 (11.9%) | $675,905 (16.4%) | 1.23 | 880 |
| 2022-08-01 | $528,500 (5.7%) | $669,831 (13.7%) | 1.22 | 923 |
| 2022-09-01 | $522,500 (6.1%) | $657,778 (8.0%) | 1.22 | 929 |
| 2022-10-01 | $510,000 (3.5%) | $644,620 (1.7%) | 1.20 | 912 |
| 2022-11-01 | $514,548 (5.0%) | $629,945 (0.6%) | 1.24 | 922 |
Greeley's median listing price comes in at 124% of the national average.
Greeley's average listing price for 2022-11-01 was $629,945, a difference of $3,987 (0.6%) versus the prior year and $-14,675 versus the prior month.
For the 2022-11-01 period, Greeley had 922 MLS listings, a difference of 10 listings (1%) versus the prior month and 492 listings (114%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Greeley (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 69 days | 3,115 sqft |
| 2018-02-01 | 57 days | 3,112 sqft |
| 2018-03-01 | 37 days | 3,100 sqft |
| 2018-04-01 | 34 days | 2,997 sqft |
| 2018-05-01 | 36 days | 3,088 sqft |
| 2018-06-01 | 36 days | 3,015 sqft |
| 2018-07-01 | 38 days | 2,956 sqft |
| 2018-08-01 | 35 days | 2,923 sqft |
| 2018-09-01 | 38 days | 2,926 sqft |
| 2018-10-01 | 41 days | 2,891 sqft |
| 2018-11-01 | 50 days | 2,915 sqft |
| 2018-12-01 | 59 days | 2,893 sqft |
| 2019-01-01 | 59 days | 2,831 sqft |
| 2019-02-01 | 40 days | 2,833 sqft |
| 2019-03-01 | 40 days | 2,871 sqft |
| 2019-04-01 | 39 days | 2,918 sqft |
| 2019-05-01 | 39 days | 2,906 sqft |
| 2019-06-01 | 38 days | 2,876 sqft |
| 2019-07-01 | 43 days | 2,833 sqft |
| 2019-08-01 | 44 days | 2,813 sqft |
| 2019-09-01 | 45 days | 2,809 sqft |
| 2019-10-01 | 46 days | 2,810 sqft |
| 2019-11-01 | 51 days | 2,851 sqft |
| 2019-12-01 | 65 days | 2,831 sqft |
| 2020-01-01 | 71 days | 2,909 sqft |
| 2020-02-01 | 65 days | 2,991 sqft |
| 2020-03-01 | 41 days | 3,031 sqft |
| 2020-04-01 | 40 days | 2,907 sqft |
| 2020-05-01 | 46 days | 2,872 sqft |
| 2020-06-01 | 46 days | 2,840 sqft |
| 2020-07-01 | 51 days | 2,916 sqft |
| 2020-08-01 | 47 days | 2,838 sqft |
| 2020-09-01 | 50 days | 2,727 sqft |
| 2020-10-01 | 52 days | 2,760 sqft |
| 2020-11-01 | 56 days | 2,680 sqft |
| 2020-12-01 | 68 days | 2,636 sqft |
| 2021-01-01 | 78 days | 2,687 sqft |
| 2021-02-01 | 47 days | 2,733 sqft |
| 2021-03-01 | 31 days | 2,685 sqft |
| 2021-04-01 | 31 days | 2,671 sqft |
| 2021-05-01 | 28 days | 2,686 sqft |
| 2021-06-01 | 29 days | 2,581 sqft |
| 2021-07-01 | 29 days | 2,572 sqft |
| 2021-08-01 | 32 days | 2,598 sqft |
| 2021-09-01 | 36 days | 2,515 sqft |
| 2021-10-01 | 35 days | 2,542 sqft |
| 2021-11-01 | 37 days | 2,546 sqft |
| 2021-12-01 | 42 days | 2,494 sqft |
| 2022-01-01 | 38 days | 2,520 sqft |
| 2022-02-01 | 32 days | 2,576 sqft |
| 2022-03-01 | 23 days | 2,584 sqft |
| 2022-04-01 | 23 days | 2,702 sqft |
| 2022-05-01 | 18 days | 2,763 sqft |
| 2022-06-01 | 22 days | 2,812 sqft |
| 2022-07-01 | 29 days | 2,760 sqft |
| 2022-08-01 | 35 days | 2,629 sqft |
| 2022-09-01 | 40 days | 2,593 sqft |
| 2022-10-01 | 45 days | 2,560 sqft |
| 2022-11-01 | 47 days | 2,561 sqft |
Greeley's median square footage for active listings during the 2022-11-01 period was 2,561 sqft. One year prior, the average listing was 2,546 sqft.
