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 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
-0.22%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Greeley's average FHA mortgage closing costs are $10,553.
The average rate for the prior week (2024-11-22) was
6.37% and
one month ago for the week of 2024-10-25, the
average rate was 5.75%.
The average rate one year ago was 6.84%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.08%.
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 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 |
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 | $399,950 (9.2%) | $462,104 (5.3%) | 1.48 | 697 |
2018-02-01 | $400,000 (5.3%) | $472,890 (4.5%) | 1.45 | 673 |
2018-03-01 | $406,041 (7.2%) | $476,242 (5.0%) | 1.42 | 669 |
2018-04-01 | $399,950 (3.1%) | $472,330 (2.4%) | 1.36 | 683 |
2018-05-01 | $409,975 (3.2%) | $490,916 (4.0%) | 1.37 | 681 |
2018-06-01 | $409,000 (2.4%) | $487,772 (4.8%) | 1.36 | 752 |
2018-07-01 | $398,855 (2.3%) | $488,633 (6.7%) | 1.33 | 803 |
2018-08-01 | $395,056 (-0.1%) | $474,132 (1.4%) | 1.32 | 869 |
2018-09-01 | $395,000 (-1.2%) | $466,386 (-0.5%) | 1.33 | 966 |
2018-10-01 | $389,975 (-3.3%) | $465,074 (-1.6%) | 1.32 | 1,041 |
2018-11-01 | $396,000 (-1.0%) | $466,735 (-0.5%) | 1.34 | 1,024 |
2018-12-01 | $398,495 (-0.4%) | $469,296 (0.7%) | 1.37 | 928 |
2019-01-01 | $395,104 (-1.2%) | $473,477 (2.5%) | 1.37 | 863 |
2019-02-01 | $393,500 (-1.6%) | $469,445 (-0.7%) | 1.33 | 855 |
2019-03-01 | $406,386 (0.1%) | $475,290 (-0.2%) | 1.33 | 895 |
2019-04-01 | $411,361 (2.9%) | $479,445 (1.5%) | 1.31 | 961 |
2019-05-01 | $412,200 (0.5%) | $477,500 (-2.7%) | 1.29 | 990 |
2019-06-01 | $409,900 (0.2%) | $472,627 (-3.1%) | 1.28 | 1,105 |
2019-07-01 | $400,000 (0.3%) | $462,963 (-5.3%) | 1.25 | 1,161 |
2019-08-01 | $399,900 (1.2%) | $463,264 (-2.3%) | 1.27 | 1,183 |
2019-09-01 | $399,900 (1.2%) | $464,072 (-0.5%) | 1.28 | 1,174 |
2019-10-01 | $399,875 (2.5%) | $464,596 (-0.1%) | 1.29 | 1,157 |
2019-11-01 | $402,250 (1.6%) | $471,820 (1.1%) | 1.32 | 1,076 |
2019-12-01 | $404,904 (1.6%) | $478,880 (2.0%) | 1.35 | 950 |
2020-01-01 | $417,225 (5.6%) | $498,128 (5.2%) | 1.39 | 780 |
2020-02-01 | $425,000 (8.0%) | $503,700 (7.3%) | 1.39 | 687 |
2020-03-01 | $437,013 (7.5%) | $508,974 (7.1%) | 1.37 | 713 |
2020-04-01 | $425,000 (3.3%) | $501,433 (4.6%) | 1.33 | 854 |
2020-05-01 | $425,000 (3.1%) | $501,748 (5.1%) | 1.29 | 965 |
2020-06-01 | $424,903 (3.7%) | $504,842 (6.8%) | 1.25 | 929 |
2020-07-01 | $431,825 (8.0%) | $513,437 (10.9%) | 1.25 | 841 |
2020-08-01 | $424,579 (6.2%) | $512,270 (10.6%) | 1.22 | 820 |
2020-09-01 | $426,175 (6.6%) | $516,394 (11.3%) | 1.22 | 786 |
2020-10-01 | $429,725 (7.5%) | $518,186 (11.5%) | 1.23 | 685 |
2020-11-01 | $428,823 (6.6%) | $521,891 (10.6%) | 1.25 | 638 |
2020-12-01 | $424,975 (5.0%) | $519,953 (8.6%) | 1.26 | 543 |
2021-01-01 | $442,522 (6.1%) | $552,102 (10.8%) | 1.32 | 456 |
2021-02-01 | $456,520 (7.4%) | $580,546 (15.3%) | 1.33 | 388 |
2021-03-01 | $462,276 (5.8%) | $582,681 (14.5%) | 1.31 | 383 |
2021-04-01 | $474,625 (11.7%) | $592,535 (18.2%) | 1.28 | 370 |
2021-05-01 | $475,000 (11.8%) | $571,683 (13.9%) | 1.26 | 355 |
2021-06-01 | $486,250 (14.4%) | $576,137 (14.1%) | 1.28 | 375 |
2021-07-01 | $485,000 (12.3%) | $580,371 (13.0%) | 1.28 | 449 |
2021-08-01 | $499,995 (17.8%) | $589,574 (15.1%) | 1.33 | 452 |
2021-09-01 | $494,348 (16.0%) | $609,558 (18.0%) | 1.32 | 460 |
2021-10-01 | $498,000 (15.9%) | $632,268 (22.0%) | 1.33 | 463 |
2021-11-01 | $490,388 (14.4%) | $627,021 (20.1%) | 1.31 | 426 |
2021-12-01 | $453,755 (6.8%) | $563,842 (8.4%) | 1.23 | 763 |
2022-01-01 | $499,950 (13.0%) | $657,478 (19.1%) | 1.35 | 286 |
2022-02-01 | $505,000 (10.6%) | $699,308 (20.5%) | 1.31 | 273 |
2022-03-01 | $518,400 (12.1%) | $678,983 (16.5%) | 1.30 | 302 |
2022-04-01 | $539,950 (13.8%) | $694,062 (17.1%) | 1.29 | 311 |
2022-05-01 | $543,125 (14.3%) | $700,373 (22.5%) | 1.24 | 448 |
2022-06-01 | $550,000 (13.1%) | $685,478 (19.0%) | 1.22 | 648 |
2022-07-01 | $545,000 (12.4%) | $677,201 (16.7%) | 1.23 | 877 |
2022-08-01 | $531,500 (6.3%) | $670,568 (13.7%) | 1.23 | 919 |
2022-09-01 | $523,095 (5.8%) | $658,267 (8.0%) | 1.22 | 927 |
2022-10-01 | $514,883 (3.4%) | $645,087 (2.0%) | 1.21 | 909 |
2022-11-01 | $515,000 (5.0%) | $630,578 (0.6%) | 1.24 | 919 |
2022-12-01 | $514,900 (13.5%) | $632,311 (12.1%) | 1.27 | 758 |
2023-01-01 | $519,475 (3.9%) | $631,152 (-4.0%) | 1.29 | 679 |
2023-02-01 | $518,908 (2.8%) | $638,648 (-8.7%) | 1.25 | 597 |
2023-03-01 | $527,450 (1.8%) | $650,815 (-4.2%) | 1.24 | 595 |
2023-04-01 | $540,000 (0.0%) | $675,661 (-2.7%) | 1.26 | 656 |
2023-05-01 | $540,045 (-0.6%) | $679,066 (-3.0%) | 1.22 | 720 |
2023-06-01 | $541,950 (-1.5%) | $676,695 (-1.3%) | 1.22 | 797 |
2023-07-01 | $540,000 (-0.9%) | $653,877 (-3.4%) | 1.23 | 892 |
2023-08-01 | $533,650 (0.4%) | $657,414 (-2.0%) | 1.23 | 925 |
2023-09-01 | $530,000 (1.3%) | $637,597 (-3.1%) | 1.23 | 916 |
2023-10-01 | $519,950 (1.0%) | $634,295 (-1.7%) | 1.22 | 971 |
2023-11-01 | $513,325 (-0.3%) | $634,299 (0.6%) | 1.22 | 971 |
2023-12-01 | $515,000 (0.0%) | $646,962 (2.3%) | 1.26 | 832 |
2024-01-01 | $519,975 (0.1%) | $666,488 (5.6%) | 1.27 | 730 |
2024-02-01 | $524,334 (1.1%) | $690,549 (8.1%) | 1.26 | 776 |
2024-03-01 | $532,400 (0.9%) | $697,685 (7.2%) | 1.25 | 830 |
2024-04-01 | $540,565 (0.1%) | $703,608 (4.1%) | 1.26 | 829 |
2024-05-01 | $554,118 (2.6%) | $733,463 (8.0%) | 1.25 | 898 |
2024-06-01 | $550,000 (1.5%) | $730,023 (7.9%) | 1.24 | 1,025 |
2024-07-01 | $542,725 (0.5%) | $694,274 (6.2%) | 1.24 | 1,068 |
2024-08-01 | $539,000 (1.0%) | $679,862 (3.4%) | 1.25 | 1,127 |
2024-09-01 | $537,500 (1.4%) | $676,629 (6.1%) | 1.26 | 1,154 |
2024-10-01 | $536,950 (3.3%) | $674,860 (6.4%) | 1.26 | 1,201 |
Greeley's median listing price comes in at 126% of the national average.
Greeley's average listing price for 2024-10-01 was $674,860, a difference of $40,565 (6.4%) versus the prior year and $-1,769 versus the prior month.
For the 2024-10-01 period, Greeley had 1,201 MLS listings, a difference of 47 listings (4%) versus the prior month and 230 listings (24%) 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 | 3,109 sqft |
2018-02-01 | 52 days | 3,099 sqft |
2018-03-01 | 36 days | 3,082 sqft |
2018-04-01 | 32 days | 2,995 sqft |
2018-05-01 | 33 days | 3,087 sqft |
2018-06-01 | 34 days | 3,012 sqft |
2018-07-01 | 36 days | 2,961 sqft |
2018-08-01 | 33 days | 2,922 sqft |
2018-09-01 | 37 days | 2,928 sqft |
2018-10-01 | 40 days | 2,890 sqft |
2018-11-01 | 49 days | 2,911 sqft |
2018-12-01 | 58 days | 2,893 sqft |
2019-01-01 | 57 days | 2,842 sqft |
2019-02-01 | 39 days | 2,832 sqft |
2019-03-01 | 38 days | 2,872 sqft |
2019-04-01 | 38 days | 2,922 sqft |
2019-05-01 | 38 days | 2,906 sqft |
2019-06-01 | 37 days | 2,876 sqft |
2019-07-01 | 41 days | 2,833 sqft |
2019-08-01 | 42 days | 2,814 sqft |
2019-09-01 | 43 days | 2,810 sqft |
2019-10-01 | 44 days | 2,810 sqft |
2019-11-01 | 49 days | 2,851 sqft |
2019-12-01 | 56 days | 2,837 sqft |
2020-01-01 | 65 days | 2,910 sqft |
2020-02-01 | 44 days | 2,994 sqft |
2020-03-01 | 31 days | 3,031 sqft |
2020-04-01 | 35 days | 2,909 sqft |
2020-05-01 | 40 days | 2,873 sqft |
2020-06-01 | 37 days | 2,840 sqft |
2020-07-01 | 37 days | 2,915 sqft |
2020-08-01 | 35 days | 2,836 sqft |
2020-09-01 | 37 days | 2,713 sqft |
2020-10-01 | 37 days | 2,735 sqft |
2020-11-01 | 42 days | 2,659 sqft |
2020-12-01 | 52 days | 2,634 sqft |
2021-01-01 | 64 days | 2,687 sqft |
2021-02-01 | 36 days | 2,741 sqft |
2021-03-01 | 25 days | 2,680 sqft |
2021-04-01 | 27 days | 2,671 sqft |
2021-05-01 | 25 days | 2,681 sqft |
2021-06-01 | 26 days | 2,583 sqft |
2021-07-01 | 26 days | 2,570 sqft |
2021-08-01 | 31 days | 2,597 sqft |
2021-09-01 | 35 days | 2,519 sqft |
2021-10-01 | 35 days | 2,561 sqft |
2021-11-01 | 37 days | 2,544 sqft |
2021-12-01 | 40 days | 2,493 sqft |
2022-01-01 | 38 days | 2,496 sqft |
2022-02-01 | 31 days | 2,576 sqft |
2022-03-01 | 22 days | 2,591 sqft |
2022-04-01 | 21 days | 2,707 sqft |
2022-05-01 | 18 days | 2,763 sqft |
2022-06-01 | 21 days | 2,807 sqft |
2022-07-01 | 27 days | 2,761 sqft |
2022-08-01 | 35 days | 2,630 sqft |
2022-09-01 | 40 days | 2,590 sqft |
2022-10-01 | 44 days | 2,560 sqft |
2022-11-01 | 46 days | 2,559 sqft |
2022-12-01 | 61 days | 2,564 sqft |
2023-01-01 | 70 days | 2,574 sqft |
2023-02-01 | 51 days | 2,577 sqft |
2023-03-01 | 39 days | 2,646 sqft |
2023-04-01 | 31 days | 2,651 sqft |
2023-05-01 | 33 days | 2,764 sqft |
2023-06-01 | 38 days | 2,739 sqft |
2023-07-01 | 38 days | 2,745 sqft |
2023-08-01 | 41 days | 2,715 sqft |
2023-09-01 | 44 days | 2,653 sqft |
2023-10-01 | 43 days | 2,559 sqft |
2023-11-01 | 47 days | 2,558 sqft |
2023-12-01 | 63 days | 2,546 sqft |
2024-01-01 | 69 days | 2,558 sqft |
2024-02-01 | 42 days | 2,593 sqft |
2024-03-01 | 38 days | 2,576 sqft |
2024-04-01 | 43 days | 2,606 sqft |
2024-05-01 | 32 days | 2,638 sqft |
2024-06-01 | 35 days | 2,617 sqft |
2024-07-01 | 43 days | 2,572 sqft |
2024-08-01 | 44 days | 2,581 sqft |
2024-09-01 | 46 days | 2,602 sqft |
2024-10-01 | 50 days | 2,633 sqft |
Greeley's median square footage for active listings during the 2024-10-01 period was 2,633 sqft. One year prior, the average listing was 2,559 sqft.