Homosassa Springs FHA Loan Rates, Closing Costs & Stats
HOMOSASSA SPRINGS, FL
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.
Homosassa Springs's 119 lenders originated 783 FHA loans during 2023. The total origination value was $175,675,000, with an average FHA loan value of $224,361.
Homosassa Springs FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Homosassa Springs
averaged
6.07%
for the week of 2024-10-04, compared to the national average (all FHA variants) of
5.885% for the same period.
Homosassa Springs's average FHA mortgage closing costs are $8,023.
The average rate for the prior week (2024-09-27) was
6.06% and
one month ago for the week of 2024-08-30, the
average rate was 5.92%.
The average rate one year ago was 7.36%.
For refis of the same type during the week of 2024-10-04, the average rate
was 6.22%.
Homosassa Springs 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 Homosassa Springs level.
The top Homosassa Springs FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
98 FHA loans originated. Their average total fees are
$11,604, which is $1,015
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Homosassa Springs FHA lenders (with over 10 loans originated) are
INSPIRE HOME LOANS INC. ($9,437), PENNYMAC LOAN SERVICES, LLC ($9,985), CROSSCOUNTRY MORTGAGE, LLC ($10,378), QUICKEN LOANS, LLC ($10,589) and MOVEMENT MORTGAGE, LLC ($10,984).
The lowest rate Homosassa Springs FHA lenders (with over 10 loans originated) are
HOMEBRIDGE FINANCIAL SERVICES, INC. (5.71%), QUICKEN LOANS, LLC (6.13%), INSPIRE HOME LOANS INC. (6.25%), UNITED WHOLESALE MORTGAGE, LLC (6.38%) and PENNYMAC LOAN SERVICES, LLC (6.39%).
Homosassa Springs FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
HOMOSASSA SPRINGS, FL | CITRUS | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HOMOSASSA SPRINGS, FL | CITRUS | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Homosassa Springs (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 | $224,950 (12.9%) | $278,771 (13.1%) | 0.83 | 1,135 |
2018-02-01 | $229,575 (15.4%) | $278,371 (12.2%) | 0.83 | 1,177 |
2018-03-01 | $230,000 (15.1%) | $276,441 (11.2%) | 0.81 | 1,197 |
2018-04-01 | $229,225 (14.7%) | $275,590 (10.4%) | 0.78 | 1,204 |
2018-05-01 | $228,425 (13.1%) | $273,889 (6.8%) | 0.76 | 1,157 |
2018-06-01 | $225,000 (9.8%) | $275,133 (6.6%) | 0.75 | 1,107 |
2018-07-01 | $224,900 (12.8%) | $272,808 (5.8%) | 0.75 | 1,110 |
2018-08-01 | $223,125 (14.2%) | $268,676 (5.0%) | 0.75 | 1,138 |
2018-09-01 | $224,900 (15.3%) | $274,809 (6.8%) | 0.76 | 1,174 |
2018-10-01 | $224,950 (13.1%) | $274,484 (4.8%) | 0.76 | 1,243 |
2018-11-01 | $224,900 (9.7%) | $273,758 (2.9%) | 0.76 | 1,300 |
2018-12-01 | $219,900 (0.8%) | $263,609 (-4.3%) | 0.76 | 1,389 |
2019-01-01 | $219,900 (-2.2%) | $262,622 (-5.8%) | 0.76 | 1,403 |
2019-02-01 | $213,325 (-7.1%) | $268,041 (-3.7%) | 0.72 | 1,433 |
2019-03-01 | $216,564 (-5.8%) | $273,210 (-1.2%) | 0.71 | 1,388 |
2019-04-01 | $218,175 (-4.8%) | $275,116 (-0.2%) | 0.69 | 1,306 |
2019-05-01 | $217,450 (-4.8%) | $271,755 (-0.8%) | 0.68 | 1,234 |
2019-06-01 | $219,900 (-2.3%) | $273,124 (-0.7%) | 0.69 | 1,136 |
2019-07-01 | $214,950 (-4.4%) | $265,140 (-2.8%) | 0.67 | 1,102 |
2019-08-01 | $212,591 (-4.7%) | $267,106 (-0.6%) | 0.67 | 1,068 |
2019-09-01 | $216,477 (-3.8%) | $271,486 (-1.2%) | 0.69 | 1,063 |
2019-10-01 | $219,068 (-2.6%) | $276,606 (0.8%) | 0.71 | 1,059 |
2019-11-01 | $220,000 (-2.2%) | $286,819 (4.8%) | 0.72 | 1,062 |
2019-12-01 | $219,500 (-0.2%) | $287,306 (9.0%) | 0.73 | 1,068 |
2020-01-01 | $220,000 (0.1%) | $288,169 (9.7%) | 0.74 | 1,050 |
2020-02-01 | $219,950 (3.1%) | $284,953 (6.3%) | 0.72 | 1,053 |
2020-03-01 | $224,900 (3.9%) | $293,805 (7.5%) | 0.71 | 993 |
2020-04-01 | $219,900 (0.8%) | $289,291 (5.2%) | 0.69 | 925 |
2020-05-01 | $224,900 (3.4%) | $298,424 (9.8%) | 0.68 | 824 |
2020-06-01 | $221,013 (0.5%) | $295,795 (8.3%) | 0.65 | 698 |
2020-07-01 | $230,925 (7.4%) | $312,487 (17.9%) | 0.67 | 601 |
2020-08-01 | $229,900 (8.1%) | $309,860 (16.0%) | 0.66 | 534 |
2020-09-01 | $230,975 (6.7%) | $320,811 (18.2%) | 0.66 | 492 |
2020-10-01 | $235,250 (7.4%) | $314,721 (13.8%) | 0.67 | 564 |
2020-11-01 | $234,950 (6.8%) | $311,424 (8.6%) | 0.69 | 585 |
2020-12-01 | $238,750 (8.8%) | $329,546 (14.7%) | 0.71 | 572 |
2021-01-01 | $239,900 (9.1%) | $335,770 (16.5%) | 0.72 | 465 |
2021-02-01 | $248,900 (13.2%) | $377,274 (32.4%) | 0.72 | 393 |
2021-03-01 | $249,475 (10.9%) | $390,486 (32.9%) | 0.71 | 297 |
2021-04-01 | $251,100 (14.2%) | $377,127 (30.4%) | 0.68 | 286 |
2021-05-01 | $249,900 (11.1%) | $398,408 (33.5%) | 0.66 | 268 |
2021-06-01 | $264,250 (19.6%) | $401,526 (35.7%) | 0.70 | 296 |
2021-07-01 | $275,000 (19.1%) | $408,716 (30.8%) | 0.73 | 331 |
2021-08-01 | $274,700 (19.5%) | $411,121 (32.7%) | 0.73 | 381 |
2021-09-01 | $267,350 (15.8%) | $408,761 (27.4%) | 0.71 | 391 |
2021-10-01 | $278,375 (18.3%) | $418,069 (32.8%) | 0.74 | 418 |
2021-11-01 | $296,773 (26.3%) | $436,646 (40.2%) | 0.79 | 413 |
2021-12-01 | $299,950 (25.6%) | $445,120 (35.1%) | 0.81 | 414 |
2022-01-01 | $309,450 (29.0%) | $462,183 (37.7%) | 0.84 | 353 |
2022-02-01 | $309,975 (24.5%) | $467,543 (23.9%) | 0.81 | 321 |
2022-03-01 | $313,500 (25.7%) | $462,616 (18.5%) | 0.78 | 294 |
2022-04-01 | $317,350 (26.4%) | $433,865 (15.0%) | 0.76 | 317 |
2022-05-01 | $313,750 (25.6%) | $424,159 (6.5%) | 0.72 | 403 |
2022-06-01 | $339,125 (28.3%) | $456,400 (13.7%) | 0.76 | 491 |
2022-07-01 | $335,000 (21.8%) | $435,160 (6.5%) | 0.75 | 617 |
2022-08-01 | $329,250 (19.9%) | $408,647 (-0.6%) | 0.76 | 658 |
2022-09-01 | $319,450 (19.5%) | $399,460 (-2.3%) | 0.75 | 687 |
2022-10-01 | $329,950 (18.5%) | $409,196 (-2.1%) | 0.78 | 741 |
2022-11-01 | $327,250 (10.3%) | $400,127 (-8.4%) | 0.79 | 887 |
2022-12-01 | $319,925 (6.7%) | $390,272 (-12.3%) | 0.79 | 938 |
2023-01-01 | $321,313 (3.8%) | $389,814 (-15.7%) | 0.80 | 897 |
2023-02-01 | $329,988 (6.5%) | $400,165 (-14.4%) | 0.80 | 861 |
2023-03-01 | $332,475 (6.1%) | $399,914 (-13.6%) | 0.78 | 864 |
2023-04-01 | $325,000 (2.4%) | $395,965 (-8.7%) | 0.76 | 832 |
2023-05-01 | $324,950 (3.6%) | $400,316 (-5.6%) | 0.74 | 813 |
2023-06-01 | $327,450 (-3.4%) | $414,711 (-9.1%) | 0.74 | 800 |
2023-07-01 | $329,950 (-1.5%) | $409,625 (-5.9%) | 0.75 | 800 |
2023-08-01 | $340,731 (3.5%) | $414,244 (1.4%) | 0.78 | 823 |
2023-09-01 | $340,000 (6.4%) | $414,749 (3.8%) | 0.79 | 829 |
2023-10-01 | $345,425 (4.7%) | $415,283 (1.5%) | 0.81 | 900 |
2023-11-01 | $339,900 (3.9%) | $409,366 (2.3%) | 0.81 | 1,048 |
2023-12-01 | $339,000 (6.0%) | $409,102 (4.8%) | 0.83 | 1,109 |
2024-01-01 | $329,900 (2.7%) | $400,867 (2.8%) | 0.81 | 1,111 |
2024-02-01 | $330,075 (0.0%) | $403,422 (0.8%) | 0.79 | 1,170 |
2024-03-01 | $329,900 (-0.8%) | $419,281 (4.8%) | 0.78 | 1,237 |
2024-04-01 | $332,450 (2.3%) | $406,349 (2.6%) | 0.77 | 1,242 |
2024-05-01 | $335,000 (3.1%) | $409,908 (2.4%) | 0.76 | 1,242 |
2024-06-01 | $325,000 (-0.8%) | $415,097 (0.1%) | 0.73 | 1,321 |
2024-07-01 | $325,000 (-1.5%) | $416,953 (1.8%) | 0.74 | 1,339 |
2024-08-01 | $325,000 (-4.6%) | $417,169 (0.7%) | 0.76 | 1,405 |
2024-09-01 | $329,900 (-3.0%) | $414,754 (0.0%) | 0.00 | 1,376 |
Homosassa Springs's median listing price comes in at 0% of the national average.
Homosassa Springs's average listing price for 2024-09-01 was $414,754, a difference of $5 (0.0%) versus the prior year and $-2,415 versus the prior month.
For the 2024-09-01 period, Homosassa Springs had 1,376 MLS listings, a difference of -29 listings (-2%) versus the prior month and 547 listings (66%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Homosassa Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 75 days | 1,869 sqft |
2018-02-01 | 75 days | 1,875 sqft |
2018-03-01 | 66 days | 1,884 sqft |
2018-04-01 | 66 days | 1,857 sqft |
2018-05-01 | 68 days | 1,848 sqft |
2018-06-01 | 68 days | 1,846 sqft |
2018-07-01 | 72 days | 1,831 sqft |
2018-08-01 | 73 days | 1,831 sqft |
2018-09-01 | 74 days | 1,830 sqft |
2018-10-01 | 70 days | 1,838 sqft |
2018-11-01 | 69 days | 1,841 sqft |
2018-12-01 | 72 days | 1,815 sqft |
2019-01-01 | 79 days | 1,822 sqft |
2019-02-01 | 76 days | 1,814 sqft |
2019-03-01 | 74 days | 1,808 sqft |
2019-04-01 | 74 days | 1,802 sqft |
2019-05-01 | 75 days | 1,795 sqft |
2019-06-01 | 79 days | 1,808 sqft |
2019-07-01 | 79 days | 1,789 sqft |
2019-08-01 | 77 days | 1,772 sqft |
2019-09-01 | 74 days | 1,773 sqft |
2019-10-01 | 72 days | 1,773 sqft |
2019-11-01 | 68 days | 1,817 sqft |
2019-12-01 | 72 days | 1,812 sqft |
2020-01-01 | 75 days | 1,816 sqft |
2020-02-01 | 75 days | 1,820 sqft |
2020-03-01 | 70 days | 1,829 sqft |
2020-04-01 | 77 days | 1,820 sqft |
2020-05-01 | 89 days | 1,820 sqft |
2020-06-01 | 90 days | 1,812 sqft |
2020-07-01 | 66 days | 1,823 sqft |
2020-08-01 | 65 days | 1,777 sqft |
2020-09-01 | 61 days | 1,746 sqft |
2020-10-01 | 49 days | 1,762 sqft |
2020-11-01 | 50 days | 1,727 sqft |
2020-12-01 | 53 days | 1,734 sqft |
2021-01-01 | 61 days | 1,726 sqft |
2021-02-01 | 49 days | 1,734 sqft |
2021-03-01 | 42 days | 1,709 sqft |
2021-04-01 | 46 days | 1,690 sqft |
2021-05-01 | 40 days | 1,656 sqft |
2021-06-01 | 34 days | 1,670 sqft |
2021-07-01 | 37 days | 1,706 sqft |
2021-08-01 | 37 days | 1,705 sqft |
2021-09-01 | 41 days | 1,706 sqft |
2021-10-01 | 50 days | 1,673 sqft |
2021-11-01 | 46 days | 1,762 sqft |
2021-12-01 | 47 days | 1,732 sqft |
2022-01-01 | 47 days | 1,725 sqft |
2022-02-01 | 37 days | 1,713 sqft |
2022-03-01 | 36 days | 1,698 sqft |
2022-04-01 | 32 days | 1,681 sqft |
2022-05-01 | 30 days | 1,679 sqft |
2022-06-01 | 30 days | 1,743 sqft |
2022-07-01 | 35 days | 1,739 sqft |
2022-08-01 | 44 days | 1,715 sqft |
2022-09-01 | 48 days | 1,705 sqft |
2022-10-01 | 52 days | 1,726 sqft |
2022-11-01 | 50 days | 1,719 sqft |
2022-12-01 | 60 days | 1,690 sqft |
2023-01-01 | 72 days | 1,700 sqft |
2023-02-01 | 70 days | 1,712 sqft |
2023-03-01 | 55 days | 1,714 sqft |
2023-04-01 | 54 days | 1,690 sqft |
2023-05-01 | 54 days | 1,693 sqft |
2023-06-01 | 52 days | 1,722 sqft |
2023-07-01 | 56 days | 1,720 sqft |
2023-08-01 | 57 days | 1,732 sqft |
2023-09-01 | 58 days | 1,726 sqft |
2023-10-01 | 58 days | 1,740 sqft |
2023-11-01 | 53 days | 1,707 sqft |
2023-12-01 | 60 days | 1,701 sqft |
2024-01-01 | 70 days | 1,698 sqft |
2024-02-01 | 63 days | 1,705 sqft |
2024-03-01 | 57 days | 1,692 sqft |
2024-04-01 | 64 days | 1,692 sqft |
2024-05-01 | 64 days | 1,688 sqft |
2024-06-01 | 61 days | 1,672 sqft |
2024-07-01 | 66 days | 1,672 sqft |
2024-08-01 | 72 days | 1,676 sqft |
2024-09-01 | 0 days | 1,676 sqft |
Homosassa Springs's median square footage for active listings during the 2024-09-01 period was 1,676 sqft. One year prior, the average listing was 1,726 sqft.