Harrisburg FHA Loan Rates, Closing Costs & Stats
HARRISBURG-CARLISLE, PA
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.
Harrisburg's 124 lenders originated 1,004 FHA loans during 2023. The total origination value was $213,130,000, with an average FHA loan value of $212,281.
Harrisburg FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Harrisburg
averaged
5.76%
for the week of 2024-10-04, compared to the national average (all FHA variants) of
5.885% for the same period.
Harrisburg's average FHA mortgage closing costs are $7,569.
The average rate for the prior week (2024-09-27) was
5.76% and
one month ago for the week of 2024-08-30, the
average rate was 5.91%.
The average rate one year ago was 7.25%.
For refis of the same type during the week of 2024-10-04, the average rate
was 6.12%.
Harrisburg 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 Harrisburg level.
The top Harrisburg FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
132 FHA loans originated. Their average total fees are
$10,451, which is $1,590
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Harrisburg FHA lenders (with over 10 loans originated) are
Mortgage America, Inc. ($7,946), M&T Bank ($8,208), MEMBERS 1ST FEDERAL CREDIT UNION ($8,370), Northpointe Bank ($9,655) and HOWARD HANNA FINANCIAL SERVICES, INC. ($9,775).
The lowest rate Harrisburg FHA lenders (with over 10 loans originated) are
M&T Bank (6.08%), AMERISAVE MORTGAGE CORPORATION (6.09%), LAKEVIEW LOAN SERVICING, LLC (6.13%), Mr. Cooper ( Nationstar Mortgage ) (6.13%) and PENNYMAC LOAN SERVICES, LLC (6.14%).
Harrisburg FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
HARRISBURG-CARLISLE, PA | CUMBERLAND | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HARRISBURG-CARLISLE, PA | DAUPHIN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HARRISBURG-CARLISLE, PA | PERRY | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HARRISBURG-CARLISLE, PA | CUMBERLAND | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
HARRISBURG-CARLISLE, PA | DAUPHIN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
HARRISBURG-CARLISLE, PA | PERRY | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Harrisburg (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 | $196,950 (10.7%) | $241,245 (6.0%) | 0.73 | 1,752 |
2018-02-01 | $201,873 (14.3%) | $244,829 (6.6%) | 0.73 | 1,668 |
2018-03-01 | $209,950 (13.7%) | $254,189 (8.3%) | 0.74 | 1,633 |
2018-04-01 | $208,250 (9.6%) | $256,542 (6.1%) | 0.71 | 1,659 |
2018-05-01 | $224,400 (12.2%) | $265,512 (6.7%) | 0.75 | 1,748 |
2018-06-01 | $219,900 (10.1%) | $261,537 (4.7%) | 0.73 | 1,876 |
2018-07-01 | $216,028 (10.8%) | $260,339 (5.0%) | 0.72 | 1,916 |
2018-08-01 | $219,900 (12.8%) | $258,799 (5.6%) | 0.74 | 1,963 |
2018-09-01 | $219,900 (15.8%) | $260,568 (9.0%) | 0.74 | 1,906 |
2018-10-01 | $216,810 (14.5%) | $260,520 (10.4%) | 0.73 | 1,889 |
2018-11-01 | $214,450 (15.6%) | $258,500 (10.6%) | 0.73 | 1,800 |
2018-12-01 | $219,083 (16.3%) | $257,034 (9.7%) | 0.76 | 1,614 |
2019-01-01 | $219,375 (11.4%) | $256,358 (6.3%) | 0.76 | 1,448 |
2019-02-01 | $219,950 (9.0%) | $255,798 (4.5%) | 0.74 | 1,361 |
2019-03-01 | $219,979 (4.8%) | $262,282 (3.2%) | 0.72 | 1,367 |
2019-04-01 | $219,954 (5.6%) | $267,896 (4.4%) | 0.70 | 1,410 |
2019-05-01 | $222,400 (-0.9%) | $267,374 (0.7%) | 0.70 | 1,494 |
2019-06-01 | $228,250 (3.8%) | $269,589 (3.1%) | 0.71 | 1,527 |
2019-07-01 | $232,950 (7.8%) | $275,879 (6.0%) | 0.73 | 1,553 |
2019-08-01 | $233,242 (6.1%) | $279,075 (7.8%) | 0.74 | 1,513 |
2019-09-01 | $236,987 (7.8%) | $285,217 (9.5%) | 0.76 | 1,447 |
2019-10-01 | $239,259 (10.4%) | $288,789 (10.9%) | 0.77 | 1,425 |
2019-11-01 | $234,900 (9.5%) | $284,966 (10.2%) | 0.77 | 1,405 |
2019-12-01 | $237,000 (8.2%) | $287,407 (11.8%) | 0.79 | 1,236 |
2020-01-01 | $239,900 (9.4%) | $291,003 (13.5%) | 0.80 | 1,061 |
2020-02-01 | $240,000 (9.1%) | $294,519 (15.1%) | 0.79 | 943 |
2020-03-01 | $249,968 (13.6%) | $302,013 (15.2%) | 0.78 | 906 |
2020-04-01 | $250,850 (14.1%) | $305,033 (13.9%) | 0.79 | 828 |
2020-05-01 | $254,300 (14.3%) | $304,920 (14.0%) | 0.77 | 891 |
2020-06-01 | $257,150 (12.7%) | $304,828 (13.1%) | 0.76 | 914 |
2020-07-01 | $261,075 (12.1%) | $313,018 (13.5%) | 0.76 | 792 |
2020-08-01 | $259,900 (11.4%) | $317,734 (13.9%) | 0.74 | 745 |
2020-09-01 | $256,650 (8.3%) | $321,265 (12.6%) | 0.74 | 724 |
2020-10-01 | $261,400 (9.3%) | $324,978 (12.5%) | 0.75 | 660 |
2020-11-01 | $257,500 (9.6%) | $321,011 (12.7%) | 0.75 | 619 |
2020-12-01 | $252,825 (6.7%) | $313,178 (9.0%) | 0.75 | 602 |
2021-01-01 | $259,850 (8.3%) | $319,845 (9.9%) | 0.78 | 524 |
2021-02-01 | $268,450 (11.9%) | $323,661 (9.9%) | 0.78 | 443 |
2021-03-01 | $278,925 (11.6%) | $333,592 (10.5%) | 0.79 | 446 |
2021-04-01 | $273,000 (8.8%) | $341,955 (12.1%) | 0.74 | 444 |
2021-05-01 | $279,250 (9.8%) | $341,370 (12.0%) | 0.74 | 495 |
2021-06-01 | $239,950 (-6.7%) | $312,556 (2.5%) | 0.63 | 633 |
2021-07-01 | $239,900 (-8.1%) | $304,350 (-2.8%) | 0.63 | 663 |
2021-08-01 | $239,950 (-7.7%) | $308,494 (-2.9%) | 0.64 | 684 |
2021-09-01 | $239,925 (-6.5%) | $300,670 (-6.4%) | 0.64 | 668 |
2021-10-01 | $249,900 (-4.4%) | $318,190 (-2.1%) | 0.67 | 654 |
2021-11-01 | $249,925 (-2.9%) | $327,139 (1.9%) | 0.67 | 610 |
2021-12-01 | $247,675 (-2.0%) | $317,690 (1.4%) | 0.67 | 534 |
2022-01-01 | $234,500 (-9.8%) | $312,166 (-2.4%) | 0.63 | 471 |
2022-02-01 | $261,950 (-2.4%) | $336,308 (3.9%) | 0.68 | 414 |
2022-03-01 | $262,450 (-5.9%) | $337,297 (1.1%) | 0.66 | 434 |
2022-04-01 | $289,900 (6.2%) | $343,406 (0.4%) | 0.69 | 492 |
2022-05-01 | $277,450 (-0.6%) | $343,981 (0.8%) | 0.63 | 565 |
2022-06-01 | $292,000 (21.7%) | $354,747 (13.5%) | 0.65 | 640 |
2022-07-01 | $298,053 (24.2%) | $364,110 (19.6%) | 0.67 | 679 |
2022-08-01 | $312,450 (30.2%) | $367,361 (19.1%) | 0.72 | 683 |
2022-09-01 | $297,450 (24.0%) | $361,348 (20.2%) | 0.70 | 703 |
2022-10-01 | $309,900 (24.0%) | $364,632 (14.6%) | 0.73 | 723 |
2022-11-01 | $309,500 (23.8%) | $367,760 (12.4%) | 0.74 | 706 |
2022-12-01 | $300,000 (21.1%) | $363,491 (14.4%) | 0.74 | 632 |
2023-01-01 | $319,998 (36.5%) | $380,017 (21.7%) | 0.79 | 538 |
2023-02-01 | $322,400 (23.1%) | $388,535 (15.5%) | 0.78 | 518 |
2023-03-01 | $344,900 (31.4%) | $404,928 (20.1%) | 0.81 | 506 |
2023-04-01 | $319,990 (10.4%) | $403,367 (17.5%) | 0.74 | 474 |
2023-05-01 | $321,500 (15.9%) | $409,085 (18.9%) | 0.73 | 504 |
2023-06-01 | $325,000 (11.3%) | $397,331 (12.0%) | 0.73 | 510 |
2023-07-01 | $332,350 (11.5%) | $402,284 (10.5%) | 0.76 | 519 |
2023-08-01 | $337,225 (7.9%) | $405,813 (10.5%) | 0.77 | 542 |
2023-09-01 | $330,000 (10.9%) | $411,843 (14.0%) | 0.77 | 577 |
2023-10-01 | $322,400 (4.0%) | $403,593 (10.7%) | 0.76 | 647 |
2023-11-01 | $297,575 (-3.9%) | $388,152 (5.6%) | 0.71 | 647 |
2023-12-01 | $306,200 (2.1%) | $389,398 (7.1%) | 0.75 | 608 |
2024-01-01 | $312,165 (-2.5%) | $394,001 (3.7%) | 0.76 | 542 |
2024-02-01 | $302,423 (-6.2%) | $385,507 (-0.8%) | 0.73 | 523 |
2024-03-01 | $309,950 (-10.1%) | $387,121 (-4.4%) | 0.73 | 555 |
2024-04-01 | $321,950 (0.6%) | $398,868 (-1.1%) | 0.75 | 559 |
2024-05-01 | $352,445 (9.6%) | $433,032 (5.9%) | 0.80 | 587 |
2024-06-01 | $350,000 (7.7%) | $423,232 (6.5%) | 0.79 | 627 |
2024-07-01 | $347,950 (4.7%) | $421,271 (4.7%) | 0.80 | 704 |
2024-08-01 | $335,000 (-0.7%) | $414,893 (2.2%) | 0.78 | 774 |
2024-09-01 | $332,450 (0.7%) | $403,358 (-2.1%) | 0.00 | 819 |
Harrisburg's median listing price comes in at 0% of the national average.
Harrisburg's average listing price for 2024-09-01 was $403,358, a difference of $-8,485 (-2.1%) versus the prior year and $-11,535 versus the prior month.
For the 2024-09-01 period, Harrisburg had 819 MLS listings, a difference of 45 listings (6%) versus the prior month and 242 listings (42%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Harrisburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 93 days | 1,798 sqft |
2018-02-01 | 88 days | 1,814 sqft |
2018-03-01 | 72 days | 1,846 sqft |
2018-04-01 | 60 days | 1,832 sqft |
2018-05-01 | 54 days | 1,850 sqft |
2018-06-01 | 52 days | 1,970 sqft |
2018-07-01 | 59 days | 1,954 sqft |
2018-08-01 | 62 days | 1,950 sqft |
2018-09-01 | 64 days | 1,966 sqft |
2018-10-01 | 67 days | 1,941 sqft |
2018-11-01 | 72 days | 1,920 sqft |
2018-12-01 | 80 days | 1,920 sqft |
2019-01-01 | 89 days | 1,907 sqft |
2019-02-01 | 85 days | 1,901 sqft |
2019-03-01 | 61 days | 1,905 sqft |
2019-04-01 | 42 days | 1,935 sqft |
2019-05-01 | 42 days | 2,018 sqft |
2019-06-01 | 47 days | 2,029 sqft |
2019-07-01 | 53 days | 2,075 sqft |
2019-08-01 | 54 days | 2,068 sqft |
2019-09-01 | 54 days | 2,094 sqft |
2019-10-01 | 56 days | 2,113 sqft |
2019-11-01 | 60 days | 2,102 sqft |
2019-12-01 | 74 days | 2,099 sqft |
2020-01-01 | 86 days | 2,096 sqft |
2020-02-01 | 72 days | 2,100 sqft |
2020-03-01 | 50 days | 2,133 sqft |
2020-04-01 | 63 days | 2,108 sqft |
2020-05-01 | 66 days | 2,133 sqft |
2020-06-01 | 37 days | 2,118 sqft |
2020-07-01 | 35 days | 2,109 sqft |
2020-08-01 | 32 days | 2,114 sqft |
2020-09-01 | 36 days | 2,079 sqft |
2020-10-01 | 50 days | 2,083 sqft |
2020-11-01 | 51 days | 2,067 sqft |
2020-12-01 | 54 days | 2,057 sqft |
2021-01-01 | 65 days | 2,062 sqft |
2021-02-01 | 59 days | 2,071 sqft |
2021-03-01 | 48 days | 2,059 sqft |
2021-04-01 | 41 days | 2,018 sqft |
2021-05-01 | 36 days | 1,964 sqft |
2021-06-01 | 34 days | 1,850 sqft |
2021-07-01 | 36 days | 1,882 sqft |
2021-08-01 | 37 days | 1,863 sqft |
2021-09-01 | 43 days | 1,853 sqft |
2021-10-01 | 43 days | 1,816 sqft |
2021-11-01 | 44 days | 1,830 sqft |
2021-12-01 | 51 days | 1,824 sqft |
2022-01-01 | 52 days | 1,831 sqft |
2022-02-01 | 43 days | 1,869 sqft |
2022-03-01 | 32 days | 1,855 sqft |
2022-04-01 | 33 days | 1,888 sqft |
2022-05-01 | 35 days | 1,882 sqft |
2022-06-01 | 35 days | 1,917 sqft |
2022-07-01 | 38 days | 1,936 sqft |
2022-08-01 | 39 days | 1,955 sqft |
2022-09-01 | 43 days | 1,938 sqft |
2022-10-01 | 44 days | 1,951 sqft |
2022-11-01 | 47 days | 1,961 sqft |
2022-12-01 | 57 days | 1,949 sqft |
2023-01-01 | 68 days | 1,989 sqft |
2023-02-01 | 60 days | 1,933 sqft |
2023-03-01 | 47 days | 2,011 sqft |
2023-04-01 | 38 days | 2,016 sqft |
2023-05-01 | 35 days | 1,990 sqft |
2023-06-01 | 38 days | 1,993 sqft |
2023-07-01 | 38 days | 2,032 sqft |
2023-08-01 | 34 days | 2,038 sqft |
2023-09-01 | 37 days | 2,050 sqft |
2023-10-01 | 36 days | 1,980 sqft |
2023-11-01 | 43 days | 1,911 sqft |
2023-12-01 | 50 days | 1,875 sqft |
2024-01-01 | 54 days | 1,873 sqft |
2024-02-01 | 43 days | 1,842 sqft |
2024-03-01 | 40 days | 1,874 sqft |
2024-04-01 | 37 days | 1,861 sqft |
2024-05-01 | 28 days | 1,939 sqft |
2024-06-01 | 30 days | 1,931 sqft |
2024-07-01 | 37 days | 1,964 sqft |
2024-08-01 | 37 days | 1,966 sqft |
2024-09-01 | 0 days | 1,963 sqft |
Harrisburg's median square footage for active listings during the 2024-09-01 period was 1,963 sqft. One year prior, the average listing was 2,050 sqft.