Green Bay FHA Loans
GREEN BAY, WI
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.
Green Bay's 71 lenders originated 787 FHA loans during 2021. The total origination value was $179,445,000, with an average FHA loan value of $228,011.
Green Bay FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Green Bay
averaged
5.17%
for the week of 2022-08-05, compared to the national average (all FHA variants) of
5.305% for the same period.
The average rate for the prior week (2022-07-29) was
5.31% and
one month ago for the week of 2022-07-01, the
average rate was 5.5%.
The average rate one year ago was 3%.
For refis of the same type during the week of 2022-08-05, the average rate
was 4.89%.
Green Bay FHA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Green Bay level.
The top Green Bay FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
90 FHA loans originated. Their average total fees are
$5,472, which is $687
lower than the next largest lender,
FINANCE OF AMERICA MORTGAGE LLC.
The lowest fee Green Bay FHA lenders (with over 10 loans originated) are
CALIBER HOME LOANS, INC. ($3,793), FREEDOM MORTGAGE CORPORATION ($3,876), Mr. Cooper ( Nationstar Mortgage ) ($3,978), PENNYMAC LOAN SERVICES, LLC ($4,461) and LAKEVIEW LOAN SERVICING, LLC ($4,521).
The lowest rate Green Bay FHA lenders (with over 10 loans originated) are
CALIBER HOME LOANS, INC. (2.60%), UNITED WHOLESALE MORTGAGE, LLC (2.70%), QUICKEN LOANS, LLC (2.78%), Flagstar Bank, FSB (2.85%) and PARKSIDE LENDING, LLC (2.87%).
Green Bay FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
GREEN BAY, WI | BROWN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
GREEN BAY, WI | KEWAUNEE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
GREEN BAY, WI | OCONTO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Green Bay (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 | $219,900 (20.6%) | $270,314 (17.1%) | 0.81 | 1,136 |
2018-02-01 | $219,400 (17.4%) | $268,501 (13.3%) | 0.79 | 1,148 |
2018-03-01 | $219,900 (15.8%) | $267,700 (11.2%) | 0.76 | 1,163 |
2018-04-01 | $256,950 (35.3%) | $308,025 (29.0%) | 0.86 | 799 |
2018-05-01 | $259,900 (30.7%) | $308,039 (28.1%) | 0.87 | 837 |
2018-06-01 | $249,900 (25.0%) | $300,484 (24.8%) | 0.83 | 934 |
2018-07-01 | $249,900 (25.0%) | $300,330 (26.6%) | 0.83 | 989 |
2018-08-01 | $244,950 (24.7%) | $291,549 (21.3%) | 0.82 | 1,073 |
2018-09-01 | $239,900 (23.1%) | $288,818 (18.8%) | 0.80 | 1,100 |
2018-10-01 | $237,950 (19.3%) | $282,355 (15.6%) | 0.80 | 1,057 |
2018-11-01 | $232,700 (16.4%) | $279,267 (11.1%) | 0.78 | 1,013 |
2018-12-01 | $234,900 (12.4%) | $282,962 (8.9%) | 0.80 | 924 |
2019-01-01 | $244,450 (11.2%) | $281,136 (4.0%) | 0.84 | 818 |
2019-02-01 | $249,950 (13.9%) | $294,061 (9.5%) | 0.84 | 757 |
2019-03-01 | $256,386 (16.6%) | $302,470 (13.0%) | 0.84 | 745 |
2019-04-01 | $261,336 (1.7%) | $306,587 (-0.5%) | 0.82 | 753 |
2019-05-01 | $268,450 (3.3%) | $310,202 (0.7%) | 0.83 | 818 |
2019-06-01 | $264,900 (6.0%) | $306,224 (1.9%) | 0.82 | 917 |
2019-07-01 | $259,900 (4.0%) | $294,233 (-2.0%) | 0.81 | 995 |
2019-08-01 | $255,100 (4.1%) | $289,120 (-0.8%) | 0.80 | 1,011 |
2019-09-01 | $249,900 (4.2%) | $288,674 (-0.1%) | 0.79 | 1,012 |
2019-10-01 | $252,400 (6.1%) | $295,369 (4.6%) | 0.81 | 966 |
2019-11-01 | $264,900 (13.8%) | $303,028 (8.5%) | 0.85 | 835 |
2019-12-01 | $269,450 (14.7%) | $313,300 (10.7%) | 0.90 | 781 |
2020-01-01 | $274,500 (12.3%) | $325,140 (15.7%) | 0.92 | 703 |
2020-02-01 | $276,900 (10.8%) | $328,046 (11.6%) | 0.89 | 678 |
2020-03-01 | $283,900 (10.7%) | $332,547 (9.9%) | 0.89 | 700 |
2020-04-01 | $282,400 (8.1%) | $337,511 (10.1%) | 0.88 | 690 |
2020-05-01 | $297,000 (10.6%) | $354,919 (14.4%) | 0.90 | 638 |
2020-06-01 | $297,000 (12.1%) | $349,373 (14.1%) | 0.87 | 617 |
2020-07-01 | $296,950 (14.3%) | $354,282 (20.4%) | 0.85 | 567 |
2020-08-01 | $289,900 (13.6%) | $350,683 (21.3%) | 0.83 | 541 |
2020-09-01 | $272,400 (9.0%) | $341,304 (18.2%) | 0.78 | 521 |
2020-10-01 | $277,900 (10.1%) | $348,745 (18.1%) | 0.79 | 495 |
2020-11-01 | $274,900 (3.8%) | $354,127 (16.9%) | 0.79 | 468 |
2020-12-01 | $275,200 (2.1%) | $354,111 (13.0%) | 0.81 | 413 |
2021-01-01 | $279,900 (2.0%) | $359,373 (10.5%) | 0.82 | 343 |
2021-02-01 | $292,400 (5.6%) | $384,309 (17.2%) | 0.84 | 298 |
2021-03-01 | $309,950 (9.2%) | $400,661 (20.5%) | 0.87 | 285 |
2021-04-01 | $297,400 (5.3%) | $394,967 (17.0%) | 0.80 | 290 |
2021-05-01 | $299,900 (1.0%) | $392,430 (10.6%) | 0.79 | 302 |
2021-06-01 | $304,950 (2.7%) | $379,425 (8.6%) | 0.79 | 345 |
2021-07-01 | $318,400 (7.2%) | $388,153 (9.6%) | 0.83 | 395 |
2021-08-01 | $321,250 (10.8%) | $395,803 (12.9%) | 0.84 | 418 |
2021-09-01 | $309,900 (13.8%) | $377,745 (10.7%) | 0.82 | 446 |
2021-10-01 | $319,900 (15.1%) | $372,676 (6.9%) | 0.84 | 447 |
2021-11-01 | $326,900 (18.9%) | $392,195 (10.8%) | 0.86 | 362 |
2021-12-01 | $337,400 (22.6%) | $412,403 (16.5%) | 0.90 | 318 |
2022-01-01 | $334,900 (19.7%) | $428,982 (19.4%) | 0.89 | 267 |
2022-02-01 | $345,900 (18.3%) | $446,788 (16.3%) | 0.88 | 240 |
2022-03-01 | $349,900 (12.9%) | $451,561 (12.7%) | 0.86 | 245 |
2022-04-01 | $384,900 (29.4%) | $464,187 (17.5%) | 0.91 | 324 |
2022-05-01 | $384,950 (28.4%) | $458,194 (16.8%) | 0.86 | 373 |
2022-06-01 | $397,000 (30.2%) | $465,786 (22.8%) | 0.88 | 454 |
Green Bay's median listing price comes in at 88% of the national average.
Green Bay's average listing price for 2022-06-01 was $465,786, a difference of $86,361 (22.8%) versus the prior year and $7,592 versus the prior month.
For the 2022-06-01 period, Green Bay had 454 MLS listings, a difference of 81 listings (22%) versus the prior month and 109 listings (32%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Green Bay (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 102 days | 1,791 sqft |
2018-02-01 | 102 days | 1,787 sqft |
2018-03-01 | 74 days | 1,827 sqft |
2018-04-01 | 65 days | 1,852 sqft |
2018-05-01 | 59 days | 1,864 sqft |
2018-06-01 | 53 days | 1,868 sqft |
2018-07-01 | 56 days | 1,871 sqft |
2018-08-01 | 60 days | 1,869 sqft |
2018-09-01 | 67 days | 1,850 sqft |
2018-10-01 | 69 days | 1,821 sqft |
2018-11-01 | 77 days | 1,815 sqft |
2018-12-01 | 92 days | 1,801 sqft |
2019-01-01 | 97 days | 1,812 sqft |
2019-02-01 | 100 days | 1,845 sqft |
2019-03-01 | 91 days | 1,829 sqft |
2019-04-01 | 72 days | 1,812 sqft |
2019-05-01 | 57 days | 1,856 sqft |
2019-06-01 | 51 days | 1,852 sqft |
2019-07-01 | 54 days | 1,869 sqft |
2019-08-01 | 57 days | 1,857 sqft |
2019-09-01 | 65 days | 1,819 sqft |
2019-10-01 | 65 days | 1,807 sqft |
2019-11-01 | 73 days | 1,808 sqft |
2019-12-01 | 84 days | 1,798 sqft |
2020-01-01 | 99 days | 1,786 sqft |
2020-02-01 | 98 days | 1,796 sqft |
2020-03-01 | 69 days | 1,836 sqft |
2020-04-01 | 70 days | 1,854 sqft |
2020-05-01 | 78 days | 1,899 sqft |
2020-06-01 | 73 days | 1,884 sqft |
2020-07-01 | 58 days | 1,904 sqft |
2020-08-01 | 53 days | 1,860 sqft |
2020-09-01 | 53 days | 1,841 sqft |
2020-10-01 | 57 days | 1,852 sqft |
2020-11-01 | 60 days | 1,811 sqft |
2020-12-01 | 67 days | 1,730 sqft |
2021-01-01 | 78 days | 1,730 sqft |
2021-02-01 | 73 days | 1,734 sqft |
2021-03-01 | 53 days | 1,844 sqft |
2021-04-01 | 44 days | 1,831 sqft |
2021-05-01 | 39 days | 1,800 sqft |
2021-06-01 | 38 days | 1,747 sqft |
2021-07-01 | 42 days | 1,793 sqft |
2021-08-01 | 43 days | 1,801 sqft |
2021-09-01 | 47 days | 1,786 sqft |
2021-10-01 | 47 days | 1,776 sqft |
2021-11-01 | 52 days | 1,796 sqft |
2021-12-01 | 60 days | 1,764 sqft |
2022-01-01 | 69 days | 1,706 sqft |
2022-02-01 | 74 days | 1,732 sqft |
2022-03-01 | 52 days | 1,808 sqft |
2022-04-01 | 29 days | 1,651 sqft |
2022-05-01 | 43 days | 1,650 sqft |
2022-06-01 | 42 days | 1,670 sqft |
Green Bay's median square footage for active listings during the 2022-06-01 period was 1,670 sqft. One year prior, the average listing was 1,747 sqft.