Green Bay FHA Loan Rates, Closing Costs & Stats

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 69 lenders originated 485 FHA loans during 2022. The total origination value was $98,955,000, with an average FHA loan value of $204,031.

Green Bay FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Green Bay averaged 6.04% for the week of 2024-03-01, compared to the national average (all FHA variants) of 6.688% for the same period.

Green Bay's average FHA mortgage closing costs are $5,909.

The average rate for the prior week (2024-02-23) was 5.93% and one month ago for the week of 2024-01-26, the average rate was 5.72%.

The average rate one year ago was 6.05%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.24%.

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

Green Bay 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 Green Bay level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FINANCE OF AMERICA MORTGAGE LLC 75 4.71% $7,743
QUICKEN LOANS, LLC 41 4.69% $8,262
UNITED WHOLESALE MORTGAGE, LLC 33 5.85% $8,244
CROSSCOUNTRY MORTGAGE, LLC 27 5.77% $9,131
Waterstone Mortgage Corporation 18 5.24% $8,268
INLANTA MORTGAGE, INC. 16 4.98% $8,593
FREEDOM MORTGAGE CORPORATION 13 5.61% $8,569
Flagstar Bank, FSB 12 5.04% $6,665
Associated Bank 12 4.56% $5,716
Mr. Cooper ( Nationstar Mortgage ) 12 4.61% $9,395
AMERISAVE MORTGAGE CORPORATION 11 4.63% $11,080
CARDINAL FINANCIAL 10 4.88% $7,888
GUARANTEED RATE, INC. 10 4.94% $7,818
Nations Lending Corporation 10 5.46% $10,018
MICHIGAN MUTUAL, INC. 9 5.60% $7,063
LAKEVIEW LOAN SERVICING, LLC 9 4.54% $6,737
TOWNE MORTGAGE COMPANY 9 5.00% $7,682
PENNYMAC LOAN SERVICES, LLC 8 3.85% $6,115
Paramount Residential Mortgage Group, Inc. 7 5.14% $8,467
EVERETT FINANCIAL, INC. 7 4.64% $5,162
LOANDEPOT.COM, LLC 6 3.97% $10,704
Bank Five Nine 6 5.77% $7,774
Barrington Bank & Trust Company, N.A. 5 5.98% $6,720
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 5.84% $9,097
BROKER SOLUTIONS, INC. 4 5.63% $10,490
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 3.59% $8,914
NEWREZ LLC 4 4.91% $5,290
RESIDENTIAL BANCORP 4 5.56% $7,622
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 5.19% $8,609
CORNERSTONE HOME LENDING, INC. 3 4.96% $6,516
CMG MORTGAGE, INC. 3 5.33% $10,131
Ixonia Bank 3 5.33% $8,017
LAND HOME FINANCIAL SERVICES, INC. 3 6.54% $9,747
MOVEMENT MORTGAGE, LLC 3 4.92% $9,455
Plains Commerce Bank 3 4.79% $6,669
Wells Fargo Bank 3 4.42% $8,141
ENDEAVOR CAPITAL, LLC. 2 5.88% $7,512
SOVEREIGN LENDING GROUP INCORPORATED 2 3.19% $10,160
M&T Bank 2 4.25% $7,898
AMERICAN FINANCING CORPORATION 2 4.50% $8,793
OCMBC, INC. 2 5.25% $11,498
HOMESIDE FINANCIAL, LLC 2 4.44% $8,180
PLAZA HOME MORTGAGE, INC. 2 4.88% $9,982
Carrington Mortgage Services, LLC 2 4.94% $8,702
CALIBER HOME LOANS, INC. 2 4.50% $7,088
Equity Prime Mortgage LLC 2 6.63% $9,954
CHERRY CREEK MORTGAGE, LLC 1 5.75% $6,403
PHH Mortgage Corporation 1 3.50% $9,633
AmeriHome Mortgage Company, LLC 1 2.88% $9,212
PLANET HOME LENDING, LLC 1 3.25% $2,430
AXIA FINANCIAL, LLC 1 5.88% $9,012
ROYAL UNITED MORTGAGE LLC 1 6.13% $12,776
SUCCESS MORTGAGE PARTNERS, INC. 1 5.13% $10,262
TOTAL MORTGAGE SERVICES, LLC 1 5.25% $6,162
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $5,680
Hometown Bank 1 6.88% $5,406
HOME POINT FINANCIAL CORPORATION 1 5.13% $5,900
A + MORTGAGE SERVICES, INC. 1 5.25% $5,486
JPMorgan Chase Bank 1 5.38% $7,147
JLB CORPORATION 1 5.00% $6,603
GSF Mortgage Corporation 1 5.00% $5,403
U.S. Bank 1 3.50% $8,140
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.13% $8,778
LOANPAL, LLC 1 2.25% $11,706
VILLAGE CAPITAL MORTGAGE 1 3.50% $3,462
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.25% $8,086
DAS Acquisition Company, LLC 1 3.50% $6,137
NBKC BANK 1 4.13% $5,393
Citizens Bank 1 4.00% $5,223

The top Green Bay FHA lender as defined by loan originations is FINANCE OF AMERICA MORTGAGE LLC, with 75 FHA loans originated. Their average total fees are $7,743, which is $519 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Green Bay FHA lenders (with over 10 loans originated) are Associated Bank ($5,716), Flagstar Bank, FSB ($6,665), FINANCE OF AMERICA MORTGAGE LLC ($7,743), GUARANTEED RATE, INC. ($7,818) and CARDINAL FINANCIAL ($7,888).

The lowest rate Green Bay FHA lenders (with over 10 loans originated) are Associated Bank (4.56%), Mr. Cooper ( Nationstar Mortgage ) (4.61%), AMERISAVE MORTGAGE CORPORATION (4.63%), QUICKEN LOANS, LLC (4.69%) and FINANCE OF AMERICA MORTGAGE LLC (4.71%).

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
GREEN BAY, WI BROWN 2023 $472,030 $604,400 $730,525 $907,900
GREEN BAY, WI KEWAUNEE 2023 $472,030 $604,400 $730,525 $907,900
GREEN BAY, WI OCONTO 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Green Bay (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 $214,925 (19.5%) $261,790 (14.9%) 0.80 1,071
2018-02-01 $219,650 (20.4%) $264,024 (12.9%) 0.80 1,116
2018-03-01 $224,900 (18.7%) $263,619 (11.7%) 0.79 1,129
2018-04-01 $253,200 (33.3%) $301,735 (28.5%) 0.86 765
2018-05-01 $259,900 (32.7%) $304,616 (28.5%) 0.87 798
2018-06-01 $249,900 (25.1%) $300,595 (26.6%) 0.83 892
2018-07-01 $249,925 (27.2%) $301,410 (29.0%) 0.83 944
2018-08-01 $246,400 (28.7%) $292,538 (24.5%) 0.83 1,040
2018-09-01 $244,900 (27.3%) $290,070 (21.4%) 0.82 1,065
2018-10-01 $237,450 (19.1%) $281,539 (16.7%) 0.80 1,031
2018-11-01 $229,925 (15.5%) $277,827 (13.7%) 0.78 992
2018-12-01 $230,700 (15.4%) $280,880 (11.4%) 0.80 895
2019-01-01 $239,900 (11.6%) $279,088 (6.6%) 0.83 790
2019-02-01 $249,900 (13.8%) $291,350 (10.4%) 0.84 728
2019-03-01 $256,371 (14.0%) $303,773 (15.2%) 0.84 713
2019-04-01 $267,450 (5.6%) $315,132 (4.4%) 0.85 712
2019-05-01 $264,950 (1.9%) $310,507 (1.9%) 0.83 785
2019-06-01 $259,900 (4.0%) $306,030 (1.8%) 0.81 881
2019-07-01 $252,075 (0.9%) $292,743 (-2.9%) 0.79 950
2019-08-01 $249,099 (1.1%) $288,085 (-1.5%) 0.79 959
2019-09-01 $247,748 (1.2%) $287,444 (-0.9%) 0.79 957
2019-10-01 $248,449 (4.6%) $290,746 (3.3%) 0.80 927
2019-11-01 $259,900 (13.0%) $297,937 (7.2%) 0.85 793
2019-12-01 $266,225 (15.4%) $309,772 (10.3%) 0.89 735
2020-01-01 $269,900 (12.5%) $321,528 (15.2%) 0.90 652
2020-02-01 $279,900 (12.0%) $325,204 (11.6%) 0.92 622
2020-03-01 $286,100 (11.6%) $333,918 (9.9%) 0.90 645
2020-04-01 $282,425 (5.6%) $335,331 (6.4%) 0.88 637
2020-05-01 $289,900 (9.4%) $343,183 (10.5%) 0.88 589
2020-06-01 $292,675 (12.6%) $340,825 (11.4%) 0.86 576
2020-07-01 $296,450 (17.6%) $347,789 (18.8%) 0.86 531
2020-08-01 $284,900 (14.4%) $340,829 (18.3%) 0.82 504
2020-09-01 $262,900 (6.1%) $330,598 (15.0%) 0.75 494
2020-10-01 $267,450 (7.7%) $341,303 (17.4%) 0.77 462
2020-11-01 $267,450 (2.9%) $345,476 (16.0%) 0.78 438
2020-12-01 $271,150 (1.9%) $351,244 (13.4%) 0.81 370
2021-01-01 $279,900 (3.7%) $363,740 (13.1%) 0.84 310
2021-02-01 $296,400 (5.9%) $392,997 (20.9%) 0.86 276
2021-03-01 $309,900 (8.3%) $407,490 (22.0%) 0.88 271
2021-04-01 $299,900 (6.2%) $402,127 (19.9%) 0.81 273
2021-05-01 $299,900 (3.5%) $396,105 (15.4%) 0.80 286
2021-06-01 $307,400 (5.0%) $388,909 (14.1%) 0.81 331
2021-07-01 $319,900 (7.9%) $392,407 (12.8%) 0.84 385
2021-08-01 $320,450 (12.5%) $395,822 (16.1%) 0.85 396
2021-09-01 $309,750 (17.8%) $380,167 (15.0%) 0.83 428
2021-10-01 $317,450 (18.7%) $375,611 (10.1%) 0.85 422
2021-11-01 $325,950 (21.9%) $394,062 (14.1%) 0.87 346
2021-12-01 $335,900 (23.9%) $409,136 (16.5%) 0.91 302
2022-01-01 $337,400 (20.5%) $432,986 (19.0%) 0.91 254
2022-02-01 $343,450 (15.9%) $449,314 (14.3%) 0.89 222
2022-03-01 $343,925 (11.0%) $450,719 (10.6%) 0.86 229
2022-04-01 $384,700 (28.3%) $467,618 (16.3%) 0.92 309
2022-05-01 $377,450 (25.9%) $458,203 (15.7%) 0.86 357
2022-06-01 $392,400 (27.7%) $461,871 (18.8%) 0.87 430
2022-07-01 $389,900 (21.9%) $447,231 (14.0%) 0.88 505
2022-08-01 $389,925 (21.7%) $449,833 (13.7%) 0.90 489
2022-09-01 $392,400 (26.7%) $448,419 (18.0%) 0.92 469
2022-10-01 $405,900 (27.9%) $467,983 (24.6%) 0.96 501
2022-11-01 $399,950 (22.7%) $466,885 (18.5%) 0.96 487
2022-12-01 $408,900 (21.7%) $473,107 (15.6%) 1.01 441
2023-01-01 $424,488 (25.8%) $489,184 (13.0%) 1.05 397
2023-02-01 $434,400 (26.5%) $506,508 (12.7%) 1.05 330
2023-03-01 $429,900 (25.0%) $527,303 (17.0%) 1.01 320
2023-04-01 $413,750 (7.6%) $516,266 (10.4%) 0.96 274
2023-05-01 $401,925 (6.5%) $511,361 (11.6%) 0.91 279
2023-06-01 $398,700 (1.6%) $488,707 (5.8%) 0.90 311
2023-07-01 $410,000 (5.2%) $512,449 (14.6%) 0.93 374
2023-08-01 $417,425 (7.1%) $507,319 (12.8%) 0.96 380
2023-09-01 $417,400 (6.4%) $502,908 (12.2%) 0.97 415
2023-10-01 $422,400 (4.1%) $500,113 (6.9%) 0.99 451
2023-11-01 $412,200 (3.1%) $518,380 (11.0%) 0.98 443
2023-12-01 $424,800 (3.9%) $540,915 (14.3%) 1.04 389
2024-01-01 $426,150 (0.4%) $547,637 (12.0%) 1.04 361
Green Bay's median listing price for 2024-01-01 was $426,150, a difference of $1,662 (0.4%) versus the prior year and $1,350 versus the prior month.

Green Bay's median listing price comes in at 104% of the national average.

Green Bay's average listing price for 2024-01-01 was $547,637, a difference of $58,453 (12.0%) versus the prior year and $6,722 versus the prior month.

For the 2024-01-01 period, Green Bay had 361 MLS listings, a difference of -28 listings (-7%) versus the prior month and -36 listings (-9%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Green Bay (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 99 days 1,780 sqft
2018-02-01 91 days 1,784 sqft
2018-03-01 61 days 1,820 sqft
2018-04-01 58 days 1,851 sqft
2018-05-01 54 days 1,868 sqft
2018-06-01 49 days 1,878 sqft
2018-07-01 52 days 1,890 sqft
2018-08-01 57 days 1,887 sqft
2018-09-01 59 days 1,866 sqft
2018-10-01 66 days 1,840 sqft
2018-11-01 71 days 1,806 sqft
2018-12-01 85 days 1,796 sqft
2019-01-01 91 days 1,801 sqft
2019-02-01 96 days 1,820 sqft
2019-03-01 83 days 1,822 sqft
2019-04-01 68 days 1,833 sqft
2019-05-01 53 days 1,852 sqft
2019-06-01 50 days 1,855 sqft
2019-07-01 53 days 1,869 sqft
2019-08-01 58 days 1,860 sqft
2019-09-01 62 days 1,821 sqft
2019-10-01 66 days 1,799 sqft
2019-11-01 74 days 1,796 sqft
2019-12-01 81 days 1,791 sqft
2020-01-01 92 days 1,778 sqft
2020-02-01 92 days 1,786 sqft
2020-03-01 63 days 1,819 sqft
2020-04-01 65 days 1,830 sqft
2020-05-01 78 days 1,848 sqft
2020-06-01 71 days 1,849 sqft
2020-07-01 58 days 1,888 sqft
2020-08-01 57 days 1,841 sqft
2020-09-01 55 days 1,811 sqft
2020-10-01 59 days 1,821 sqft
2020-11-01 61 days 1,817 sqft
2020-12-01 71 days 1,737 sqft
2021-01-01 85 days 1,738 sqft
2021-02-01 70 days 1,759 sqft
2021-03-01 52 days 1,863 sqft
2021-04-01 39 days 1,854 sqft
2021-05-01 37 days 1,817 sqft
2021-06-01 34 days 1,762 sqft
2021-07-01 43 days 1,808 sqft
2021-08-01 45 days 1,799 sqft
2021-09-01 47 days 1,795 sqft
2021-10-01 49 days 1,759 sqft
2021-11-01 53 days 1,788 sqft
2021-12-01 60 days 1,755 sqft
2022-01-01 66 days 1,660 sqft
2022-02-01 70 days 1,716 sqft
2022-03-01 42 days 1,799 sqft
2022-04-01 24 days 1,649 sqft
2022-05-01 40 days 1,640 sqft
2022-06-01 39 days 1,638 sqft
2022-07-01 44 days 1,650 sqft
2022-08-01 55 days 1,669 sqft
2022-09-01 65 days 1,650 sqft
2022-10-01 67 days 1,696 sqft
2022-11-01 69 days 1,675 sqft
2022-12-01 80 days 1,664 sqft
2023-01-01 99 days 1,627 sqft
2023-02-01 109 days 1,672 sqft
2023-03-01 79 days 1,726 sqft
2023-04-01 47 days 1,887 sqft
2023-05-01 40 days 1,941 sqft
2023-06-01 36 days 1,936 sqft
2023-07-01 36 days 1,909 sqft
2023-08-01 44 days 1,903 sqft
2023-09-01 45 days 1,902 sqft
2023-10-01 49 days 1,883 sqft
2023-11-01 54 days 1,895 sqft
2023-12-01 74 days 1,912 sqft
2024-01-01 81 days 1,893 sqft
Green Bay's median listing age (time on market) for 2024-01-01 was 81 days. This is -18% shorter than the same period one year ago.

Green Bay's median square footage for active listings during the 2024-01-01 period was 1,893 sqft. One year prior, the average listing was 1,627 sqft.

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).