Hailey FHA Loan Rates, Closing Costs & Stats

Hailey, ID

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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.

    Hailey's 7 lenders originated 22 FHA loans during 2023. The total origination value was $8,910,000, with an average FHA loan value of $405,000.

    Hailey FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Hailey averaged 6.7% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Hailey's average FHA mortgage closing costs are $10,482.

    The average rate for the prior week (2025-02-07) was 6.31% and one month ago for the week of 2025-01-10, the average rate was 6.57%.

    The average rate one year ago was 6.4%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.62%.

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

    Hailey 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 Hailey level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 5 5.84% $24,668
    UNITED WHOLESALE MORTGAGE, LLC 5 5.83% $13,546
    LOANDEPOT.COM, LLC 1 6.50% $16,593
    BAY-VALLEY MORTGAGE GROUP 1 7.88% $31,076
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.00% $16,942
    MOVEMENT MORTGAGE, LLC 1 6.75% $20,305
    BECKAM FUNDING CORP. 1 7.25% $23,806

    The top Hailey FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 5 FHA loans originated. Their average total fees are $24,668, which is $11,121 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Hailey FHA lenders (with over 10 loans originated) are .

    The lowest rate Hailey FHA lenders (with over 10 loans originated) are .

    Hailey FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    HAILEY, ID BLAINE 2022 $648,600 $830,300 $1,003,650 $1,247,300
    HAILEY, ID CAMAS 2022 $648,600 $830,300 $1,003,650 $1,247,300
    HAILEY, ID BLAINE 2023 $740,600 $948,100 $1,146,050 $1,424,250
    HAILEY, ID CAMAS 2023 $740,600 $948,100 $1,146,050 $1,424,250

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hailey (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 $885,000 (17.6%) $1,661,713 (11.1%) 0.00 475
    2018-02-01 $895,000 (16.5%) $1,747,608 (14.9%) 0.00 464
    2018-03-01 $875,000 (11.5%) $1,683,774 (5.9%) 0.00 452
    2018-04-01 $865,000 (16.1%) $1,634,813 (6.3%) 0.00 442
    2018-05-01 $797,500 (7.4%) $1,576,199 (10.1%) 0.00 448
    2018-06-01 $837,000 (13.6%) $1,651,434 (16.1%) 0.00 516
    2018-07-01 $837,000 (12.7%) $1,668,307 (16.5%) 0.00 560
    2018-08-01 $834,250 (15.1%) $1,730,535 (19.8%) 0.00 550
    2018-09-01 $819,000 (13.0%) $1,720,297 (18.5%) 0.00 530
    2018-10-01 $825,000 (9.7%) $1,696,054 (13.2%) 0.00 490
    2018-11-01 $817,000 (3.9%) $1,697,041 (11.2%) 0.00 443
    2018-12-01 $825,000 (3.8%) $1,739,068 (9.6%) 0.00 426
    2019-01-01 $827,500 (-6.5%) $1,770,768 (6.6%) 0.00 388
    2019-02-01 $826,000 (-7.7%) $1,782,370 (2.0%) 0.00 382
    2019-03-01 $895,071 (2.3%) $1,904,158 (13.1%) 0.00 360
    2019-04-01 $954,071 (10.3%) $1,971,457 (20.6%) 0.00 342
    2019-05-01 $865,500 (8.5%) $1,845,062 (17.1%) 0.00 369
    2019-06-01 $895,000 (6.9%) $1,884,657 (14.1%) 0.00 402
    2019-07-01 $890,750 (6.4%) $1,887,802 (13.2%) 0.00 430
    2019-08-01 $892,455 (7.0%) $1,900,821 (9.8%) 0.00 418
    2019-09-01 $938,886 (14.6%) $1,931,748 (12.3%) 0.00 388
    2019-10-01 $1,018,750 (23.5%) $2,012,918 (18.7%) 0.00 360
    2019-11-01 $1,102,500 (34.9%) $2,133,829 (25.7%) 0.00 318
    2019-12-01 $1,199,500 (45.4%) $2,187,391 (25.8%) 0.00 308
    2020-01-01 $1,285,000 (55.3%) $2,265,614 (28.0%) 0.00 274
    2020-02-01 $1,300,000 (57.4%) $2,291,506 (28.6%) 0.00 276
    2020-03-01 $1,220,000 (36.3%) $2,119,778 (11.3%) 0.00 286
    2020-04-01 $1,238,500 (29.8%) $2,069,161 (5.0%) 0.00 280
    2020-05-01 $976,500 (12.8%) $2,017,895 (9.4%) 0.00 286
    2020-06-01 $970,250 (8.4%) $2,005,407 (6.4%) 0.00 321
    2020-07-01 $1,155,000 (29.7%) $1,968,762 (4.3%) 0.00 335
    2020-08-01 $1,195,000 (33.9%) $2,087,115 (9.8%) 0.00 288
    2020-09-01 $1,175,000 (25.2%) $2,201,673 (14.0%) 0.00 265
    2020-10-01 $1,295,000 (27.1%) $2,415,139 (20.0%) 0.00 202
    2020-11-01 $1,572,500 (42.6%) $2,721,652 (27.6%) 0.00 158
    2020-12-01 $1,595,000 (33.0%) $2,759,203 (26.1%) 0.00 142
    2021-01-01 $1,724,000 (34.2%) $3,114,469 (37.5%) 0.00 99
    2021-02-01 $1,453,500 (11.8%) $3,175,421 (38.6%) 0.00 90
    2021-03-01 $1,261,250 (3.4%) $3,115,683 (47.0%) 0.00 86
    2021-04-01 $879,500 (-29.0%) $2,606,269 (26.0%) 0.00 97
    2021-05-01 $812,000 (-16.9%) $2,577,815 (27.8%) 0.00 105
    2021-06-01 $905,500 (-6.7%) $2,442,796 (21.8%) 0.00 113
    2021-07-01 $1,360,000 (17.8%) $2,667,836 (35.5%) 0.00 140
    2021-08-01 $1,393,500 (16.6%) $2,592,279 (24.2%) 0.00 162
    2021-09-01 $1,368,750 (16.5%) $2,644,333 (20.1%) 0.00 153
    2021-10-01 $1,149,000 (-11.3%) $2,313,992 (-4.2%) 0.00 142
    2021-11-01 $1,228,000 (-21.9%) $2,513,097 (-7.7%) 0.00 131
    2021-12-01 $1,440,000 (-9.7%) $2,741,218 (-0.7%) 0.00 119
    2022-01-01 $1,495,000 (-13.3%) $2,997,274 (-3.8%) 0.00 93
    2022-02-01 $1,672,500 (15.1%) $3,087,221 (-2.8%) 0.00 85
    2022-03-01 $2,200,000 (74.4%) $3,378,642 (8.4%) 0.00 88
    2022-04-01 $1,283,000 (45.9%) $3,112,006 (19.4%) 0.00 96
    2022-05-01 $1,367,000 (68.4%) $3,422,865 (32.8%) 0.00 102
    2022-06-01 $1,431,000 (58.0%) $3,272,842 (34.0%) 0.00 148
    2022-07-01 $1,400,000 (2.9%) $2,965,031 (11.1%) 0.00 208
    2022-08-01 $1,225,000 (-12.1%) $2,667,270 (2.9%) 0.00 222
    2022-09-01 $1,272,500 (-7.0%) $2,676,116 (1.2%) 0.00 222
    2022-10-01 $1,240,000 (7.9%) $2,796,884 (20.9%) 0.00 212
    2022-11-01 $1,295,000 (5.5%) $2,822,126 (12.3%) 0.00 198
    2022-12-01 $1,400,000 (-2.8%) $3,051,334 (11.3%) 0.00 189
    2023-01-01 $1,552,500 (3.9%) $3,249,292 (8.4%) 0.00 161
    2023-02-01 $1,565,000 (-6.4%) $3,149,573 (2.0%) 0.00 152
    2023-03-01 $1,181,500 (-46.3%) $2,969,840 (-12.1%) 0.00 156
    2023-04-01 $1,022,500 (-20.3%) $2,889,496 (-7.2%) 0.00 144
    2023-05-01 $860,000 (-37.1%) $2,576,209 (-24.7%) 0.00 133
    2023-06-01 $1,410,000 (-1.5%) $2,778,702 (-15.1%) 0.00 168
    2023-07-01 $1,795,000 (28.2%) $2,917,453 (-1.6%) 0.00 218
    2023-08-01 $1,728,750 (41.1%) $3,110,129 (16.6%) 0.00 230
    2023-09-01 $1,682,500 (32.2%) $3,149,434 (17.7%) 0.00 229
    2023-10-01 $1,671,250 (34.8%) $3,135,796 (12.1%) 0.00 212
    2023-11-01 $1,575,000 (21.6%) $3,015,077 (6.8%) 0.00 185
    2023-12-01 $1,692,500 (20.9%) $2,987,653 (-2.1%) 0.00 190
    2024-01-01 $1,695,000 (9.2%) $3,037,199 (-6.5%) 0.00 187
    2024-02-01 $1,228,250 (-21.5%) $2,903,825 (-7.8%) 0.00 180
    2024-03-01 $1,144,738 (-3.1%) $2,435,365 (-18.0%) 0.00 200
    2024-04-01 $1,157,238 (13.2%) $2,440,693 (-15.5%) 0.00 194
    2024-05-01 $1,095,000 (27.3%) $2,451,783 (-4.8%) 0.00 205
    2024-06-01 $1,275,000 (-9.6%) $2,628,519 (-5.4%) 0.00 258
    2024-07-01 $1,468,750 (-18.2%) $2,845,599 (-2.5%) 0.00 323
    2024-08-01 $1,450,000 (-16.1%) $2,924,648 (-6.0%) 0.00 327
    2024-09-01 $1,497,500 (-11.0%) $3,068,017 (-2.6%) 0.00 301
    2024-10-01 $1,585,000 (-5.2%) $3,113,644 (-0.7%) 0.00 259
    2024-11-01 $1,375,000 (-12.7%) $2,972,316 (-1.4%) 0.00 215
    2024-12-01 $1,222,000 (-27.8%) $2,865,655 (-4.1%) 0.00 216
    2025-01-01 $1,373,750 (-19.0%) $3,236,084 (6.6%) 0.00 209
    Hailey's median listing price for 2025-01-01 was $1,373,750, a difference of $-321,250 (-19.0%) versus the prior year and $151,750 versus the prior month.

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

    Hailey's average listing price for 2025-01-01 was $3,236,084, a difference of $198,885 (6.6%) versus the prior year and $370,429 versus the prior month.

    For the 2025-01-01 period, Hailey had 209 MLS listings, a difference of -7 listings (-3%) versus the prior month and 22 listings (12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hailey (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,538 sqft
    2018-02-01 0 days 2,563 sqft
    2018-03-01 0 days 2,552 sqft
    2018-04-01 0 days 2,521 sqft
    2018-05-01 0 days 2,391 sqft
    2018-06-01 0 days 2,393 sqft
    2018-07-01 0 days 2,394 sqft
    2018-08-01 0 days 2,457 sqft
    2018-09-01 0 days 2,422 sqft
    2018-10-01 0 days 2,426 sqft
    2018-11-01 0 days 2,352 sqft
    2018-12-01 0 days 2,393 sqft
    2019-01-01 0 days 2,299 sqft
    2019-02-01 0 days 2,326 sqft
    2019-03-01 0 days 2,393 sqft
    2019-04-01 0 days 2,472 sqft
    2019-05-01 0 days 2,356 sqft
    2019-06-01 0 days 2,358 sqft
    2019-07-01 0 days 2,352 sqft
    2019-08-01 0 days 2,395 sqft
    2019-09-01 0 days 2,458 sqft
    2019-10-01 0 days 2,532 sqft
    2019-11-01 0 days 2,574 sqft
    2019-12-01 0 days 2,650 sqft
    2020-01-01 0 days 2,671 sqft
    2020-02-01 0 days 2,705 sqft
    2020-03-01 0 days 2,504 sqft
    2020-04-01 0 days 2,457 sqft
    2020-05-01 0 days 2,366 sqft
    2020-06-01 0 days 2,332 sqft
    2020-07-01 0 days 2,381 sqft
    2020-08-01 0 days 2,464 sqft
    2020-09-01 0 days 2,557 sqft
    2020-10-01 0 days 2,800 sqft
    2020-11-01 0 days 2,880 sqft
    2020-12-01 0 days 2,919 sqft
    2021-01-01 0 days 2,984 sqft
    2021-02-01 0 days 3,058 sqft
    2021-03-01 0 days 2,998 sqft
    2021-04-01 0 days 2,654 sqft
    2021-05-01 0 days 2,280 sqft
    2021-06-01 0 days 2,450 sqft
    2021-07-01 0 days 2,510 sqft
    2021-08-01 0 days 2,455 sqft
    2021-09-01 0 days 2,506 sqft
    2021-10-01 0 days 2,287 sqft
    2021-11-01 0 days 2,242 sqft
    2021-12-01 0 days 2,450 sqft
    2022-01-01 0 days 2,493 sqft
    2022-02-01 0 days 2,560 sqft
    2022-03-01 0 days 2,815 sqft
    2022-04-01 0 days 2,464 sqft
    2022-05-01 0 days 2,538 sqft
    2022-06-01 0 days 2,554 sqft
    2022-07-01 0 days 2,405 sqft
    2022-08-01 0 days 2,110 sqft
    2022-09-01 0 days 2,170 sqft
    2022-10-01 0 days 2,256 sqft
    2022-11-01 0 days 2,393 sqft
    2022-12-01 0 days 2,615 sqft
    2023-01-01 0 days 2,715 sqft
    2023-02-01 0 days 2,632 sqft
    2023-03-01 0 days 2,335 sqft
    2023-04-01 0 days 2,239 sqft
    2023-05-01 0 days 1,965 sqft
    2023-06-01 0 days 2,224 sqft
    2023-07-01 0 days 2,516 sqft
    2023-08-01 0 days 2,627 sqft
    2023-09-01 0 days 2,591 sqft
    2023-10-01 0 days 2,599 sqft
    2023-11-01 0 days 2,383 sqft
    2023-12-01 0 days 2,320 sqft
    2024-01-01 0 days 2,455 sqft
    2024-02-01 0 days 2,233 sqft
    2024-03-01 0 days 2,049 sqft
    2024-04-01 0 days 2,051 sqft
    2024-05-01 0 days 2,044 sqft
    2024-06-01 0 days 2,052 sqft
    2024-07-01 0 days 2,066 sqft
    2024-08-01 0 days 2,090 sqft
    2024-09-01 0 days 2,049 sqft
    2024-10-01 0 days 2,104 sqft
    2024-11-01 0 days 1,938 sqft
    2024-12-01 0 days 1,923 sqft
    2025-01-01 0 days 1,980 sqft
    Hailey's median listing age (time on market) for 2025-01-01 was 0 days.

    Hailey's median square footage for active listings during the 2025-01-01 period was 1,980 sqft. One year prior, the average listing was 2,455 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).