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
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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.