Hastings FHA Loan Rates, Closing Costs & Stats

Hastings, NE

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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.

    Hastings's 18 lenders originated 96 FHA loans during 2023. The total origination value was $17,200,000, with an average FHA loan value of $179,167.

    Hastings FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Hastings averaged 6.74% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Hastings's average FHA mortgage closing costs are $5,792.

    The average rate for the prior week (2025-02-07) was 6.65% and one month ago for the week of 2025-01-10, the average rate was 6.41%.

    The average rate one year ago was 6.44%.

    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.

    Hastings 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 Hastings level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CHARTER WEST BANK 18 6.38% $6,003
    QUICKEN LOANS, LLC 17 6.50% $9,118
    MORIA DEVELOPMENT, INC. 9 6.74% $8,249
    Pinnacle Bank 9 6.40% $6,734
    Gateway First Bank 5 6.45% $6,505
    First National Bank of Omaha 5 6.58% $4,963
    FREEDOM MORTGAGE CORPORATION 3 6.92% $13,287
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.00% $5,560
    U.S. Bank 3 6.67% $8,615
    Mortgage Research Center, LLC 2 6.81% $9,875
    Mr. Cooper ( Nationstar Mortgage ) 2 6.25% $11,672
    NBKC BANK 2 6.06% $8,628
    ZILLOW HOME LOANS, LLC 1 7.13% $8,068
    BROKER SOLUTIONS, INC. 1 7.25% $8,445
    CASTLE & COOKE MORTGAGE, LLC 1 7.63% $7,491
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $10,220
    The Federal Savings Bank 1 7.13% $12,484
    AMERICAN FINANCING CORPORATION 1 5.75% $12,246

    The top Hastings FHA lender as defined by loan originations is CHARTER WEST BANK, with 18 FHA loans originated. Their average total fees are $6,003, which is $3,115 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Hastings FHA lenders (with over 10 loans originated) are CHARTER WEST BANK ($6,003), QUICKEN LOANS, LLC ($9,118), .

    The lowest rate Hastings FHA lenders (with over 10 loans originated) are CHARTER WEST BANK (6.38%), QUICKEN LOANS, LLC (6.50%), .

    Hastings FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hastings (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 $154,000 (29.7%) $226,623 (40.4%) 0.00 61
    2018-02-01 $161,200 (19.4%) $233,611 (32.9%) 0.00 59
    2018-03-01 $160,950 (16.0%) $244,196 (35.5%) 0.00 55
    2018-04-01 $182,450 (32.7%) $242,061 (38.0%) 0.00 50
    2018-05-01 $180,950 (52.1%) $237,052 (46.0%) 0.00 59
    2018-06-01 $167,500 (38.1%) $236,564 (48.1%) 0.00 61
    2018-07-01 $158,725 (22.2%) $231,080 (30.9%) 0.00 74
    2018-08-01 $163,125 (25.5%) $216,966 (18.8%) 0.00 76
    2018-09-01 $153,000 (0.5%) $217,653 (22.0%) 0.00 79
    2018-10-01 $151,475 (-3.3%) $204,125 (-1.3%) 0.00 89
    2018-11-01 $155,450 (-5.6%) $202,624 (-12.2%) 0.00 79
    2018-12-01 $168,500 (-1.6%) $202,185 (-14.1%) 0.00 84
    2019-01-01 $167,625 (8.9%) $203,802 (-10.1%) 0.00 93
    2019-02-01 $172,500 (7.0%) $205,037 (-12.2%) 0.00 93
    2019-03-01 $171,857 (6.8%) $206,125 (-15.6%) 0.00 87
    2019-04-01 $174,332 (-4.5%) $210,259 (-13.1%) 0.00 86
    2019-05-01 $189,625 (4.8%) $229,427 (-3.2%) 0.00 84
    2019-06-01 $174,000 (3.9%) $216,274 (-8.6%) 0.00 95
    2019-07-01 $171,975 (8.4%) $215,628 (-6.7%) 0.00 110
    2019-08-01 $168,009 (3.0%) $212,452 (-2.1%) 0.00 108
    2019-09-01 $162,098 (6.0%) $206,441 (-5.2%) 0.00 108
    2019-10-01 $159,807 (5.5%) $202,433 (-0.8%) 0.00 108
    2019-11-01 $159,950 (2.9%) $200,282 (-1.2%) 0.00 104
    2019-12-01 $152,963 (-9.2%) $198,634 (-1.8%) 0.00 98
    2020-01-01 $165,725 (-1.1%) $211,706 (3.9%) 0.00 78
    2020-02-01 $189,950 (10.1%) $227,952 (11.2%) 0.00 83
    2020-03-01 $164,725 (-4.2%) $206,920 (0.4%) 0.00 97
    2020-04-01 $171,613 (-1.6%) $211,658 (0.7%) 0.00 92
    2020-05-01 $169,950 (-10.4%) $221,599 (-3.4%) 0.00 83
    2020-06-01 $189,225 (8.8%) $239,692 (10.8%) 0.00 73
    2020-07-01 $171,500 (-0.3%) $219,993 (2.0%) 0.00 79
    2020-08-01 $165,000 (-1.8%) $214,709 (1.1%) 0.00 65
    2020-09-01 $155,925 (-3.8%) $198,546 (-3.8%) 0.00 67
    2020-10-01 $159,000 (-0.5%) $193,855 (-4.2%) 0.00 67
    2020-11-01 $146,200 (-8.6%) $174,404 (-12.9%) 0.00 67
    2020-12-01 $149,425 (-2.3%) $175,997 (-11.4%) 0.00 65
    2021-01-01 $155,000 (-6.5%) $178,976 (-15.5%) 0.00 71
    2021-02-01 $143,725 (-24.3%) $169,125 (-25.8%) 0.00 56
    2021-03-01 $139,450 (-15.3%) $177,568 (-14.2%) 0.00 44
    2021-04-01 $169,725 (-1.1%) $203,181 (-4.0%) 0.00 35
    2021-05-01 $177,475 (4.4%) $203,863 (-8.0%) 0.00 38
    2021-06-01 $185,500 (-2.0%) $222,046 (-7.4%) 0.00 47
    2021-07-01 $154,950 (-9.7%) $184,130 (-16.3%) 0.00 52
    2021-08-01 $152,200 (-7.8%) $181,156 (-15.6%) 0.00 48
    2021-09-01 $148,250 (-4.9%) $177,953 (-10.4%) 0.00 57
    2021-10-01 $150,000 (-5.7%) $204,301 (5.4%) 0.00 62
    2021-11-01 $149,475 (2.2%) $239,738 (37.5%) 0.00 64
    2021-12-01 $145,700 (-2.5%) $237,674 (35.0%) 0.00 60
    2022-01-01 $142,950 (-7.8%) $224,662 (25.5%) 0.00 53
    2022-02-01 $148,000 (3.0%) $231,417 (36.8%) 0.00 47
    2022-03-01 $153,625 (10.2%) $249,162 (40.3%) 0.00 42
    2022-04-01 $174,500 (2.8%) $274,148 (34.9%) 0.00 46
    2022-05-01 $223,725 (26.1%) $292,204 (43.3%) 0.00 53
    2022-06-01 $255,625 (37.8%) $288,707 (30.0%) 0.00 45
    2022-07-01 $244,500 (57.8%) $286,280 (55.5%) 0.00 48
    2022-08-01 $244,500 (60.6%) $290,562 (60.4%) 0.00 59
    2022-09-01 $231,225 (56.0%) $271,202 (52.4%) 0.00 63
    2022-10-01 $220,000 (46.7%) $246,305 (20.6%) 0.00 62
    2022-11-01 $209,950 (40.5%) $231,666 (-3.4%) 0.00 70
    2022-12-01 $214,500 (47.2%) $231,672 (-2.5%) 0.00 72
    2023-01-01 $233,500 (63.3%) $248,057 (10.4%) 0.00 60
    2023-02-01 $224,000 (51.4%) $256,483 (10.8%) 0.00 49
    2023-03-01 $219,000 (42.6%) $244,511 (-1.9%) 0.00 50
    2023-04-01 $239,900 (37.5%) $280,475 (2.3%) 0.00 46
    2023-05-01 $243,750 (9.0%) $279,492 (-4.4%) 0.00 37
    2023-06-01 $247,500 (-3.2%) $276,146 (-4.4%) 0.00 44
    2023-07-01 $250,000 (2.3%) $292,031 (2.0%) 0.00 43
    2023-08-01 $247,500 (1.2%) $271,441 (-6.6%) 0.00 55
    2023-09-01 $242,500 (4.9%) $260,199 (-4.1%) 0.00 61
    2023-10-01 $214,500 (-2.5%) $247,275 (0.4%) 0.00 64
    2023-11-01 $223,738 (6.6%) $289,988 (25.2%) 0.00 68
    2023-12-01 $215,000 (0.2%) $290,831 (25.5%) 0.00 72
    2024-01-01 $228,725 (-2.0%) $327,430 (32.0%) 0.00 55
    2024-02-01 $240,000 (7.1%) $338,661 (32.0%) 0.00 47
    2024-03-01 $228,750 (4.5%) $330,823 (35.3%) 0.00 49
    2024-04-01 $222,500 (-7.3%) $327,005 (16.6%) 0.00 53
    2024-05-01 $255,000 (4.6%) $339,897 (21.6%) 0.00 62
    2024-06-01 $247,194 (-0.1%) $339,462 (22.9%) 0.00 81
    2024-07-01 $260,975 (4.4%) $363,458 (24.5%) 0.00 79
    2024-08-01 $262,500 (6.1%) $360,822 (32.9%) 0.00 92
    2024-09-01 $253,750 (4.6%) $341,824 (31.4%) 0.00 91
    2024-10-01 $247,500 (15.4%) $328,653 (32.9%) 0.00 97
    2024-11-01 $246,250 (10.1%) $321,755 (11.0%) 0.00 104
    2024-12-01 $246,125 (14.5%) $342,644 (17.8%) 0.00 98
    2025-01-01 $237,500 (3.8%) $329,144 (0.5%) 0.00 98
    Hastings's median listing price for 2025-01-01 was $237,500, a difference of $8,775 (3.8%) versus the prior year and $-8,625 versus the prior month.

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

    Hastings's average listing price for 2025-01-01 was $329,144, a difference of $1,714 (0.5%) versus the prior year and $-13,500 versus the prior month.

    For the 2025-01-01 period, Hastings had 98 MLS listings, a difference of 0 listings (0%) versus the prior month and 43 listings (78%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hastings (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,573 sqft
    2018-02-01 0 days 1,575 sqft
    2018-03-01 0 days 1,530 sqft
    2018-04-01 0 days 1,468 sqft
    2018-05-01 0 days 1,512 sqft
    2018-06-01 0 days 1,531 sqft
    2018-07-01 0 days 1,512 sqft
    2018-08-01 0 days 1,552 sqft
    2018-09-01 0 days 1,621 sqft
    2018-10-01 0 days 1,604 sqft
    2018-11-01 0 days 1,648 sqft
    2018-12-01 0 days 1,628 sqft
    2019-01-01 0 days 1,638 sqft
    2019-02-01 0 days 1,621 sqft
    2019-03-01 0 days 1,560 sqft
    2019-04-01 0 days 1,562 sqft
    2019-05-01 0 days 1,790 sqft
    2019-06-01 0 days 1,731 sqft
    2019-07-01 0 days 1,601 sqft
    2019-08-01 0 days 1,645 sqft
    2019-09-01 0 days 1,735 sqft
    2019-10-01 0 days 1,848 sqft
    2019-11-01 0 days 2,027 sqft
    2019-12-01 0 days 1,929 sqft
    2020-01-01 0 days 2,047 sqft
    2020-02-01 0 days 2,232 sqft
    2020-03-01 0 days 2,025 sqft
    2020-04-01 0 days 2,025 sqft
    2020-05-01 0 days 1,987 sqft
    2020-06-01 0 days 2,047 sqft
    2020-07-01 0 days 2,037 sqft
    2020-08-01 0 days 2,026 sqft
    2020-09-01 0 days 2,019 sqft
    2020-10-01 0 days 1,962 sqft
    2020-11-01 0 days 2,053 sqft
    2020-12-01 0 days 1,985 sqft
    2021-01-01 0 days 1,958 sqft
    2021-02-01 0 days 1,916 sqft
    2021-03-01 0 days 2,035 sqft
    2021-04-01 0 days 2,017 sqft
    2021-05-01 0 days 2,024 sqft
    2021-06-01 0 days 1,983 sqft
    2021-07-01 0 days 1,960 sqft
    2021-08-01 0 days 1,878 sqft
    2021-09-01 0 days 1,817 sqft
    2021-10-01 0 days 1,960 sqft
    2021-11-01 0 days 2,017 sqft
    2021-12-01 0 days 2,020 sqft
    2022-01-01 0 days 1,955 sqft
    2022-02-01 0 days 1,973 sqft
    2022-03-01 0 days 2,028 sqft
    2022-04-01 0 days 2,294 sqft
    2022-05-01 0 days 2,306 sqft
    2022-06-01 0 days 2,540 sqft
    2022-07-01 0 days 2,408 sqft
    2022-08-01 0 days 2,288 sqft
    2022-09-01 0 days 2,026 sqft
    2022-10-01 0 days 2,128 sqft
    2022-11-01 0 days 2,016 sqft
    2022-12-01 0 days 2,051 sqft
    2023-01-01 0 days 2,073 sqft
    2023-02-01 0 days 2,203 sqft
    2023-03-01 0 days 2,160 sqft
    2023-04-01 0 days 2,485 sqft
    2023-05-01 0 days 2,246 sqft
    2023-06-01 0 days 2,252 sqft
    2023-07-01 0 days 2,528 sqft
    2023-08-01 0 days 2,499 sqft
    2023-09-01 0 days 2,400 sqft
    2023-10-01 0 days 2,336 sqft
    2023-11-01 0 days 2,330 sqft
    2023-12-01 0 days 2,252 sqft
    2024-01-01 0 days 2,349 sqft
    2024-02-01 0 days 2,429 sqft
    2024-03-01 0 days 2,486 sqft
    2024-04-01 0 days 2,297 sqft
    2024-05-01 0 days 2,280 sqft
    2024-06-01 0 days 2,396 sqft
    2024-07-01 0 days 2,559 sqft
    2024-08-01 0 days 2,480 sqft
    2024-09-01 0 days 2,343 sqft
    2024-10-01 0 days 2,459 sqft
    2024-11-01 0 days 2,349 sqft
    2024-12-01 0 days 2,569 sqft
    2025-01-01 0 days 2,314 sqft
    Hastings's median listing age (time on market) for 2025-01-01 was 0 days.

    Hastings's median square footage for active listings during the 2025-01-01 period was 2,314 sqft. One year prior, the average listing was 2,349 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).