Greensburg FHA Loan Rates, Closing Costs & Stats

Greensburg, IN

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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.

    Greensburg's 34 lenders originated 106 FHA loans during 2024. The total origination value was $20,740,000, with an average FHA loan value of $195,660.

    Greensburg FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Greensburg averaged 7.07% for the week of 2025-07-11, compared to the national average (all FHA variants) of 6.523% for the same period.

    Greensburg's average FHA mortgage closing costs are $6,232.

    The average rate for the prior week (2025-07-04) was 6.6% and one month ago for the week of 2025-06-06, the average rate was 7.03%.

    The average rate one year ago was 7.27%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.72%.

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

    Greensburg 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 Greensburg level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    GVC MORTGAGE, INC. 26 6.89% $8,608
    FIRST COMMUNITY MORTGAGE, INC. 10 6.94% $8,259
    QUICKEN LOANS, LLC 8 6.77% $8,550
    RUOFF MORTGAGE COMPANY, INC. 7 6.95% $5,636
    German American Bank 5 6.40% $4,952
    LOANDEPOT.COM, LLC 5 6.10% $13,072
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 7.04% $10,205
    Blue Ridge Bank 3 6.54% $5,329
    ZILLOW HOME LOANS, LLC 2 6.00% $10,613
    BROKER SOLUTIONS, INC. 2 6.81% $11,264
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.50% $3,736
    FREEDOM MORTGAGE CORPORATION 2 6.44% $9,146
    NEWREZ LLC 2 6.19% $12,011
    ROYAL UNITED MORTGAGE LLC 2 7.31% $10,112
    UNITED WHOLESALE MORTGAGE, LLC 1 5.16% $6,363
    GENEVA FINANCIAL, LLC 1 6.63% $8,624
    Equity Prime Mortgage LLC 1 6.25% $5,559
    ENDEAVOR CAPITAL, LLC. 1 6.63% $7,566
    HALLMARK HOME MORTGAGE, LLC 1 7.63% $6,425
    HOMESIDE FINANCIAL, LLC 1 7.75% $4,551
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $7,996
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $10,981
    Loan Simple, Inc. 1 7.75% $10,967
    MJW Financial LLC 1 6.13% $8,382
    Mortgage Research Center, LLC 1 5.25% $10,143
    U.S. Bank 1 6.75% $6,335
    CMG MORTGAGE, INC. 1 8.75% $8,210
    AMERICAN FINANCING CORPORATION 1 6.00% $10,322
    Carrington Mortgage Services, LLC 1 6.13% $8,052
    The Huntington National Bank 1 5.75% $10,037
    Union Savings Bank 1 5.50% $6,345
    FIRST COLONY MORTGAGE CORPORATION 1 6.75% $11,585
    Fifth Third Bank 1 6.13% $10,901
    First Financial Bank 1 6.63% $7,366

    The top Greensburg FHA lender as defined by loan originations is GVC MORTGAGE, INC., with 26 FHA loans originated. Their average total fees are $8,608, which is $349 higher than the next largest lender, FIRST COMMUNITY MORTGAGE, INC..

    The lowest fee Greensburg FHA lenders (with over 10 loans originated) are FIRST COMMUNITY MORTGAGE, INC. ($8,259), GVC MORTGAGE, INC. ($8,608), .

    The lowest rate Greensburg FHA lenders (with over 10 loans originated) are GVC MORTGAGE, INC. (6.89%), FIRST COMMUNITY MORTGAGE, INC. (6.94%), .

    Greensburg FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    GREENSBURG, IN DECATUR 2022 $420,680 $538,650 $651,050 $809,150
    GREENSBURG, IN DECATUR 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Greensburg (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 $122,350 (-14.1%) $158,881 (-10.4%) 0.00 75
    2018-02-01 $118,200 (-23.4%) $151,758 (-21.3%) 0.00 74
    2018-03-01 $129,500 (-16.0%) $154,867 (-22.6%) 0.00 61
    2018-04-01 $131,338 (-14.8%) $159,391 (-19.3%) 0.00 68
    2018-05-01 $134,675 (-7.8%) $163,396 (-18.1%) 0.00 67
    2018-06-01 $142,450 (-10.7%) $176,465 (-12.6%) 0.00 79
    2018-07-01 $149,650 (0.1%) $179,632 (-8.9%) 0.00 79
    2018-08-01 $149,900 (9.4%) $189,080 (-0.8%) 0.00 81
    2018-09-01 $145,000 (11.6%) $180,054 (7.1%) 0.00 90
    2018-10-01 $140,950 (9.7%) $180,496 (5.0%) 0.00 89
    2018-11-01 $147,100 (13.8%) $190,634 (12.3%) 0.00 81
    2018-12-01 $149,900 (15.3%) $201,766 (21.4%) 0.00 73
    2019-01-01 $161,150 (31.7%) $198,364 (24.9%) 0.00 69
    2019-02-01 $161,675 (36.8%) $195,092 (28.6%) 0.00 62
    2019-03-01 $159,900 (23.5%) $196,589 (26.9%) 0.00 64
    2019-04-01 $177,400 (35.1%) $212,711 (33.5%) 0.00 64
    2019-05-01 $197,250 (46.5%) $238,119 (45.7%) 0.00 63
    2019-06-01 $183,500 (28.8%) $240,366 (36.2%) 0.00 76
    2019-07-01 $182,175 (21.7%) $254,502 (41.7%) 0.00 80
    2019-08-01 $178,118 (18.8%) $244,316 (29.2%) 0.00 87
    2019-09-01 $184,745 (27.4%) $246,500 (36.9%) 0.00 85
    2019-10-01 $186,214 (32.1%) $246,240 (36.4%) 0.00 83
    2019-11-01 $166,200 (13.0%) $210,738 (10.6%) 0.00 79
    2019-12-01 $168,550 (12.4%) $221,150 (9.6%) 0.00 62
    2020-01-01 $144,200 (-10.5%) $222,465 (12.2%) 0.00 55
    2020-02-01 $169,900 (5.1%) $230,033 (17.9%) 0.00 50
    2020-03-01 $169,900 (6.3%) $241,022 (22.6%) 0.00 39
    2020-04-01 $159,450 (-10.1%) $227,709 (7.1%) 0.00 38
    2020-05-01 $169,900 (-13.9%) $222,789 (-6.4%) 0.00 37
    2020-06-01 $179,900 (-2.0%) $242,756 (1.0%) 0.00 31
    2020-07-01 $183,450 (0.7%) $249,909 (-1.8%) 0.00 27
    2020-08-01 $182,450 (2.4%) $248,132 (1.6%) 0.00 32
    2020-09-01 $154,450 (-16.4%) $202,195 (-18.0%) 0.00 34
    2020-10-01 $165,000 (-11.4%) $206,854 (-16.0%) 0.00 42
    2020-11-01 $174,900 (5.2%) $214,942 (2.0%) 0.00 40
    2020-12-01 $178,700 (6.0%) $233,740 (5.7%) 0.00 35
    2021-01-01 $188,400 (30.7%) $266,121 (19.6%) 0.00 30
    2021-02-01 $166,950 (-1.7%) $256,794 (11.6%) 0.00 25
    2021-03-01 $187,900 (10.6%) $286,578 (18.9%) 0.00 18
    2021-04-01 $202,625 (27.1%) $284,767 (25.1%) 0.00 22
    2021-05-01 $229,900 (35.3%) $279,719 (25.6%) 0.00 23
    2021-06-01 $209,075 (16.2%) $251,977 (3.8%) 0.00 28
    2021-07-01 $209,900 (14.4%) $265,082 (6.1%) 0.00 31
    2021-08-01 $193,725 (6.2%) $260,130 (4.8%) 0.00 34
    2021-09-01 $189,700 (22.8%) $273,561 (35.3%) 0.00 47
    2021-10-01 $189,900 (15.1%) $276,536 (33.7%) 0.00 49
    2021-11-01 $224,925 (28.6%) $296,614 (38.0%) 0.00 51
    2021-12-01 $223,450 (25.0%) $298,572 (27.7%) 0.00 45
    2022-01-01 $184,450 (-2.1%) $271,254 (1.9%) 0.00 37
    2022-02-01 $171,125 (2.5%) $290,221 (13.0%) 0.00 31
    2022-03-01 $229,950 (22.4%) $331,246 (15.6%) 0.00 29
    2022-04-01 $211,200 (4.2%) $315,196 (10.7%) 0.00 28
    2022-05-01 $193,600 (-15.8%) $306,639 (9.6%) 0.00 27
    2022-06-01 $176,200 (-15.7%) $289,947 (15.1%) 0.00 42
    2022-07-01 $189,900 (-9.5%) $319,156 (20.4%) 0.00 48
    2022-08-01 $198,000 (2.2%) $296,281 (13.9%) 0.00 54
    2022-09-01 $193,950 (2.2%) $268,106 (-2.0%) 0.00 46
    2022-10-01 $211,000 (11.1%) $266,298 (-3.7%) 0.00 49
    2022-11-01 $189,900 (-15.6%) $266,903 (-10.0%) 0.00 43
    2022-12-01 $210,000 (-6.0%) $284,176 (-4.8%) 0.00 37
    2023-01-01 $188,450 (2.2%) $273,739 (0.9%) 0.00 35
    2023-02-01 $188,550 (10.2%) $278,181 (-4.2%) 0.00 27
    2023-03-01 $225,175 (-2.1%) $296,873 (-10.4%) 0.00 23
    2023-04-01 $239,900 (13.6%) $325,504 (3.3%) 0.00 26
    2023-05-01 $224,900 (16.2%) $325,730 (6.2%) 0.00 30
    2023-06-01 $273,075 (55.0%) $331,413 (14.3%) 0.00 33
    2023-07-01 $285,000 (50.1%) $315,002 (-1.3%) 0.00 41
    2023-08-01 $262,350 (32.5%) $293,614 (-0.9%) 0.00 54
    2023-09-01 $239,900 (23.7%) $260,165 (-3.0%) 0.00 56
    2023-10-01 $241,100 (14.3%) $259,732 (-2.5%) 0.00 52
    2023-11-01 $257,450 (35.6%) $279,165 (4.6%) 0.00 41
    2023-12-01 $239,500 (14.1%) $268,101 (-5.7%) 0.00 35
    2024-01-01 $237,625 (26.1%) $272,776 (-0.4%) 0.00 35
    2024-02-01 $234,875 (24.6%) $308,234 (10.8%) 0.00 34
    2024-03-01 $246,900 (9.7%) $348,210 (17.3%) 0.00 35
    2024-04-01 $278,725 (16.2%) $354,201 (8.8%) 0.00 38
    2024-05-01 $334,750 (48.8%) $396,435 (21.7%) 0.00 35
    2024-06-01 $299,000 (9.5%) $366,859 (10.7%) 0.00 37
    2024-07-01 $293,700 (3.1%) $350,873 (11.4%) 0.00 50
    2024-08-01 $284,000 (8.3%) $318,871 (8.6%) 0.00 48
    2024-09-01 $279,900 (16.7%) $333,406 (28.2%) 0.00 55
    2024-10-01 $306,950 (27.3%) $341,617 (31.5%) 0.00 54
    2024-11-01 $299,900 (16.5%) $320,850 (14.9%) 0.00 53
    2024-12-01 $289,950 (21.1%) $317,695 (18.5%) 0.00 56
    2025-01-01 $262,500 (10.5%) $301,825 (10.7%) 0.00 43
    2025-02-01 $254,225 (8.2%) $300,929 (-2.4%) 0.00 39
    2025-03-01 $239,900 (-2.8%) $285,307 (-18.1%) 0.00 39
    2025-04-01 $236,081 (-15.3%) $290,607 (-18.0%) 0.00 54
    2025-05-01 $234,913 (-29.8%) $297,898 (-24.9%) 0.00 49
    2025-06-01 $231,225 (-22.7%) $295,500 (-19.5%) 0.00 58
    Greensburg's median listing price for 2025-06-01 was $231,225, a difference of $-67,775 (-22.7%) versus the prior year and $-3,688 versus the prior month.

    Greensburg's median listing price comes in at 0% of the national average.

    Greensburg's average listing price for 2025-06-01 was $295,500, a difference of $-71,359 (-19.5%) versus the prior year and $-2,398 versus the prior month.

    For the 2025-06-01 period, Greensburg had 58 MLS listings, a difference of 9 listings (18%) versus the prior month and 21 listings (57%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Greensburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,791 sqft
    2018-02-01 0 days 1,795 sqft
    2018-03-01 0 days 1,816 sqft
    2018-04-01 0 days 1,784 sqft
    2018-05-01 0 days 1,861 sqft
    2018-06-01 0 days 1,890 sqft
    2018-07-01 0 days 1,901 sqft
    2018-08-01 0 days 1,888 sqft
    2018-09-01 0 days 1,756 sqft
    2018-10-01 0 days 1,740 sqft
    2018-11-01 0 days 1,779 sqft
    2018-12-01 0 days 1,831 sqft
    2019-01-01 0 days 1,845 sqft
    2019-02-01 0 days 1,845 sqft
    2019-03-01 0 days 1,806 sqft
    2019-04-01 0 days 1,876 sqft
    2019-05-01 0 days 2,122 sqft
    2019-06-01 0 days 1,972 sqft
    2019-07-01 0 days 1,986 sqft
    2019-08-01 0 days 1,940 sqft
    2019-09-01 0 days 1,978 sqft
    2019-10-01 0 days 2,041 sqft
    2019-11-01 0 days 1,662 sqft
    2019-12-01 0 days 1,646 sqft
    2020-01-01 0 days 1,632 sqft
    2020-02-01 0 days 1,791 sqft
    2020-03-01 0 days 1,806 sqft
    2020-04-01 0 days 1,662 sqft
    2020-05-01 0 days 1,834 sqft
    2020-06-01 0 days 2,061 sqft
    2020-07-01 0 days 2,075 sqft
    2020-08-01 0 days 2,199 sqft
    2020-09-01 0 days 1,767 sqft
    2020-10-01 0 days 2,017 sqft
    2020-11-01 0 days 1,943 sqft
    2020-12-01 0 days 2,087 sqft
    2021-01-01 0 days 2,400 sqft
    2021-02-01 0 days 2,169 sqft
    2021-03-01 0 days 2,451 sqft
    2021-04-01 0 days 2,270 sqft
    2021-05-01 0 days 2,425 sqft
    2021-06-01 0 days 2,031 sqft
    2021-07-01 0 days 1,940 sqft
    2021-08-01 0 days 1,925 sqft
    2021-09-01 0 days 1,884 sqft
    2021-10-01 0 days 1,914 sqft
    2021-11-01 0 days 2,084 sqft
    2021-12-01 0 days 2,058 sqft
    2022-01-01 0 days 1,941 sqft
    2022-02-01 0 days 1,772 sqft
    2022-03-01 0 days 2,090 sqft
    2022-04-01 0 days 1,940 sqft
    2022-05-01 0 days 1,836 sqft
    2022-06-01 0 days 1,832 sqft
    2022-07-01 0 days 1,882 sqft
    2022-08-01 0 days 1,867 sqft
    2022-09-01 0 days 1,839 sqft
    2022-10-01 0 days 1,750 sqft
    2022-11-01 0 days 1,667 sqft
    2022-12-01 0 days 1,819 sqft
    2023-01-01 0 days 1,674 sqft
    2023-02-01 0 days 1,695 sqft
    2023-03-01 0 days 1,536 sqft
    2023-04-01 0 days 1,714 sqft
    2023-05-01 0 days 1,551 sqft
    2023-06-01 0 days 1,958 sqft
    2023-07-01 0 days 1,953 sqft
    2023-08-01 0 days 2,047 sqft
    2023-09-01 0 days 2,130 sqft
    2023-10-01 0 days 2,096 sqft
    2023-11-01 0 days 2,132 sqft
    2023-12-01 0 days 1,909 sqft
    2024-01-01 0 days 1,678 sqft
    2024-02-01 0 days 1,744 sqft
    2024-03-01 0 days 1,816 sqft
    2024-04-01 0 days 1,842 sqft
    2024-05-01 0 days 2,384 sqft
    2024-06-01 0 days 2,172 sqft
    2024-07-01 0 days 2,065 sqft
    2024-08-01 0 days 2,081 sqft
    2024-09-01 0 days 2,057 sqft
    2024-10-01 0 days 1,976 sqft
    2024-11-01 0 days 1,950 sqft
    2024-12-01 0 days 1,899 sqft
    2025-01-01 0 days 1,794 sqft
    2025-02-01 0 days 1,910 sqft
    2025-03-01 0 days 1,632 sqft
    2025-04-01 0 days 1,931 sqft
    2025-05-01 0 days 2,088 sqft
    2025-06-01 0 days 1,942 sqft
    Greensburg's median listing age (time on market) for 2025-06-01 was 0 days.

    Greensburg's median square footage for active listings during the 2025-06-01 period was 1,942 sqft. One year prior, the average listing was 2,172 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).