Green Bay FHA Loan Rates, Closing Costs & Stats

GREEN BAY, WI

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    • 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 5.76% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

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

    The average rate for the prior week (2023-05-19) was 5.83% and one month ago for the week of 2023-04-21, the average rate was 5.57%.

    The average rate one year ago was 4.59%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.17%.

    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 $215,975 (20.1%) $262,001 (15.1%) 0.80 1,069
    2018-02-01 $219,900 (20.6%) $264,204 (13.0%) 0.80 1,115
    2018-03-01 $224,900 (18.7%) $263,658 (11.8%) 0.79 1,128
    2018-04-01 $252,450 (32.9%) $301,569 (28.6%) 0.86 767
    2018-05-01 $259,900 (33.4%) $304,410 (28.6%) 0.87 799
    2018-06-01 $249,900 (25.2%) $300,427 (26.7%) 0.83 893
    2018-07-01 $249,900 (27.8%) $301,234 (29.1%) 0.83 945
    2018-08-01 $246,300 (29.4%) $292,384 (24.6%) 0.83 1,041
    2018-09-01 $244,900 (28.9%) $290,070 (21.4%) 0.82 1,065
    2018-10-01 $237,450 (19.3%) $281,539 (16.6%) 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 (11.1%) $279,088 (6.5%) 0.83 790
    2019-02-01 $249,900 (13.6%) $291,350 (10.3%) 0.84 728
    2019-03-01 $259,900 (15.6%) $302,248 (15.1%) 0.87 713
    2019-04-01 $269,675 (6.8%) $316,636 (4.5%) 0.86 713
    2019-05-01 $264,950 (1.9%) $310,551 (2.0%) 0.83 785
    2019-06-01 $259,900 (4.0%) $306,030 (1.9%) 0.81 881
    2019-07-01 $250,725 (0.3%) $292,691 (-2.8%) 0.78 951
    2019-08-01 $265,000 (7.6%) $296,533 (-1.5%) 0.83 959
    2019-09-01 $257,500 (5.1%) $297,094 (-0.9%) 0.81 892
    2019-10-01 $248,299 (4.6%) $290,675 (3.3%) 0.80 915
    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 (10.1%) $333,918 (10.0%) 0.90 645
    2020-04-01 $282,425 (4.7%) $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 (18.2%) $347,789 (18.8%) 0.86 531
    2020-08-01 $284,900 (7.5%) $340,829 (18.3%) 0.82 504
    2020-09-01 $262,900 (2.1%) $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%) $396,031 (16.2%) 0.85 396
    2021-09-01 $309,825 (17.9%) $380,408 (15.1%) 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 $334,900 (23.5%) $408,023 (16.2%) 0.91 301
    2022-01-01 $334,900 (19.7%) $431,569 (18.7%) 0.91 254
    2022-02-01 $342,000 (15.4%) $447,831 (14.0%) 0.89 221
    2022-03-01 $342,900 (10.7%) $449,359 (10.3%) 0.86 228
    2022-04-01 $384,700 (28.3%) $467,618 (16.3%) 0.92 309
    2022-05-01 $377,450 (25.9%) $457,800 (15.6%) 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 (13.6%) 0.90 489
    2022-09-01 $392,400 (26.7%) $448,419 (17.9%) 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 (22.1%) $473,107 (16.0%) 1.01 441
    2023-01-01 $424,488 (26.8%) $489,184 (13.4%) 1.05 397
    2023-02-01 $434,400 (27.0%) $506,508 (13.1%) 1.05 330
    2023-03-01 $429,900 (25.4%) $527,303 (17.4%) 1.01 320
    2023-04-01 $411,825 (7.1%) $515,617 (0.0%) 0.96 273
    Green Bay's median listing price for 2023-04-01 was $411,825, a difference of $27,125 (7.1%) versus the prior year and $-18,075 versus the prior month.

    Green Bay's median listing price comes in at 96% of the national average.

    Green Bay's average listing price for 2023-04-01 was $515,617, a difference of $47,999 (0.0%) versus the prior year and $-11,686 versus the prior month.

    For the 2023-04-01 period, Green Bay had 273 MLS listings, a difference of -47 listings (-15%) versus the prior month and -36 listings (-12%) 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
    2018-01-01 105 days 1,787 sqft
    2018-02-01 100 days 1,785 sqft
    2018-03-01 73 days 1,821 sqft
    2018-04-01 66 days 1,848 sqft
    2018-05-01 58 days 1,866 sqft
    2018-06-01 53 days 1,875 sqft
    2018-07-01 56 days 1,890 sqft
    2018-08-01 60 days 1,885 sqft
    2018-09-01 64 days 1,866 sqft
    2018-10-01 69 days 1,840 sqft
    2018-11-01 76 days 1,806 sqft
    2018-12-01 89 days 1,796 sqft
    2019-01-01 97 days 1,801 sqft
    2019-02-01 100 days 1,820 sqft
    2019-03-01 92 days 1,839 sqft
    2019-04-01 74 days 1,859 sqft
    2019-05-01 59 days 1,852 sqft
    2019-06-01 54 days 1,855 sqft
    2019-07-01 56 days 1,870 sqft
    2019-08-01 66 days 1,875 sqft
    2019-09-01 74 days 1,815 sqft
    2019-10-01 72 days 1,800 sqft
    2019-11-01 80 days 1,796 sqft
    2019-12-01 87 days 1,791 sqft
    2020-01-01 98 days 1,778 sqft
    2020-02-01 99 days 1,790 sqft
    2020-03-01 68 days 1,819 sqft
    2020-04-01 70 days 1,830 sqft
    2020-05-01 88 days 1,849 sqft
    2020-06-01 87 days 1,849 sqft
    2020-07-01 67 days 1,889 sqft
    2020-08-01 64 days 1,841 sqft
    2020-09-01 59 days 1,812 sqft
    2020-10-01 61 days 1,821 sqft
    2020-11-01 66 days 1,817 sqft
    2020-12-01 74 days 1,737 sqft
    2021-01-01 87 days 1,738 sqft
    2021-02-01 78 days 1,759 sqft
    2021-03-01 56 days 1,863 sqft
    2021-04-01 44 days 1,854 sqft
    2021-05-01 40 days 1,817 sqft
    2021-06-01 36 days 1,762 sqft
    2021-07-01 44 days 1,808 sqft
    2021-08-01 46 days 1,799 sqft
    2021-09-01 49 days 1,796 sqft
    2021-10-01 51 days 1,759 sqft
    2021-11-01 55 days 1,788 sqft
    2021-12-01 63 days 1,754 sqft
    2022-01-01 70 days 1,658 sqft
    2022-02-01 74 days 1,715 sqft
    2022-03-01 45 days 1,796 sqft
    2022-04-01 26 days 1,649 sqft
    2022-05-01 42 days 1,640 sqft
    2022-06-01 40 days 1,639 sqft
    2022-07-01 44 days 1,650 sqft
    2022-08-01 56 days 1,669 sqft
    2022-09-01 66 days 1,650 sqft
    2022-10-01 68 days 1,696 sqft
    2022-11-01 70 days 1,676 sqft
    2022-12-01 80 days 1,664 sqft
    2023-01-01 99 days 1,627 sqft
    2023-02-01 110 days 1,673 sqft
    2023-03-01 79 days 1,726 sqft
    2023-04-01 49 days 1,882 sqft
    Green Bay's median listing age (time on market) for 2023-04-01 was 49 days. This is 87% longer than the same period one year ago.

    Green Bay's median square footage for active listings during the 2023-04-01 period was 1,882 sqft. One year prior, the average listing was 1,649 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).