Homosassa Springs FHA Loan Rates, Closing Costs & Stats

HOMOSASSA SPRINGS, FL

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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.

    Homosassa Springs's 117 lenders originated 858 FHA loans during 2024. The total origination value was $198,540,000, with an average FHA loan value of $231,399.

    Homosassa Springs FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Homosassa Springs averaged 6.22% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Homosassa Springs's average FHA mortgage closing costs are $8,513.

    The average rate for the prior week (2025-03-28) was 6.32% and one month ago for the week of 2025-02-28, the average rate was 6.3%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.85%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 109 6.23% $12,066
    QUICKEN LOANS, LLC 68 6.38% $10,687
    CROSSCOUNTRY MORTGAGE, LLC 30 6.40% $11,654
    INSPIRE HOME LOANS INC. 28 5.31% $9,009
    EVERETT FINANCIAL, INC. 28 6.86% $9,807
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 26 6.64% $11,145
    Equity Prime Mortgage LLC 19 6.87% $10,597
    FREEDOM MORTGAGE CORPORATION 18 6.35% $10,778
    Flagstar Bank, FSB 14 6.18% $10,380
    PENNYMAC LOAN SERVICES, LLC 14 6.49% $9,303
    THE MORTGAGE FIRM, INC. 14 6.64% $10,680
    AMERICAN FINANCIAL NETWORK, INC. 14 6.75% $10,791
    AMERICAN FINANCIAL RESOURCES, INC. 13 6.89% $15,501
    OPEN MORTGAGE, LLC 11 6.81% $12,028
    LOANDEPOT.COM, LLC 11 6.27% $11,929
    CMG MORTGAGE, INC. 10 6.16% $9,133
    FBC MORTGAGE, LLC 10 5.82% $11,528
    NEWREZ LLC 9 6.72% $10,613
    CARDINAL FINANCIAL 9 6.68% $12,587
    PRIMARY RESIDENTIAL MORTGAGE, INC. 9 6.81% $7,740
    The Loan Store, Inc. 8 6.42% $12,794
    TOWNE MORTGAGE COMPANY 8 6.42% $14,347
    SUCCESS MORTGAGE PARTNERS, INC. 8 6.36% $12,705
    DHI MORTGAGE COMPANY, LTD. 8 4.87% $7,328
    BROKER SOLUTIONS, INC. 8 7.11% $12,670
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 7 6.95% $11,471
    Regions Bank 7 6.41% $9,346
    Paramount Residential Mortgage Group, Inc. 7 6.52% $11,420
    Century Mortgage Company DBA Century Lending Company 7 5.80% $13,807
    MORTGAGE FINANCIAL GROUP, INC. 6 6.56% $12,205
    GENEVA FINANCIAL, LLC 5 7.10% $14,295
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 5 6.75% $12,330
    UNION HOME MORTGAGE CORP. 5 6.55% $10,874
    AMERICAN BANCSHARES MORTGAGE 5 6.23% $11,038
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.30% $11,782
    Mr. Cooper ( Nationstar Mortgage ) 5 6.45% $11,041
    JMAC LENDING, INC. 4 6.13% $12,795
    AMERISAVE MORTGAGE CORPORATION 4 6.09% $15,172
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.66% $12,196
    PLAZA HOME MORTGAGE, INC. 4 7.31% $12,109
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.75% $10,398
    MOVEMENT MORTGAGE, LLC 4 6.59% $12,598
    VILLAGE CAPITAL MORTGAGE 3 6.33% $3,840
    STOCKTON MORTGAGE CORPORATION 3 6.54% $12,037
    METROPLEX MORTGAGE SERVICES, INC. 3 6.96% $10,808
    Plains Commerce Bank 3 6.96% $11,830
    Loan Simple, Inc. 3 6.92% $13,363
    SUN WEST MORTGAGE COMPANY, INC. 3 6.20% $14,493
    Prosperity Home Mortgage, LLC 3 5.54% $11,871
    ZILLOW HOME LOANS, LLC 3 6.38% $10,475
    Nations Lending Corporation 3 7.25% $10,403
    GUARANTEED RATE, INC. 3 6.63% $10,941
    GUILD MORTGAGE COMPANY 3 6.54% $8,572
    HOMESIDE FINANCIAL, LLC 2 6.25% $13,591
    AMERICAN FINANCING CORPORATION 2 6.38% $11,684
    Carrington Mortgage Services, LLC 2 6.63% $11,643
    ENVOY MORTGAGE, LTD 2 7.06% $9,825
    FIRST COMMUNITY MORTGAGE, INC. 2 5.63% $14,424
    GARDNER FINANCIAL SERVICES, LTD. 2 6.81% $10,671
    Hancock Whitney Bank 2 6.31% $9,725
    Ixonia Bank 2 7.00% $10,450
    Lakeview Community Capital, LLC 2 6.50% $6,862
    MID AMERICA MORTGAGE, INC. 2 6.44% $8,405
    MORTGAGE EQUITY PARTNERS LLC 2 6.75% $9,357
    Mortgage Research Center, LLC 2 5.75% $7,523
    NETWORK CAPITAL FUNDING CORPORATION 2 5.94% $16,562
    PLANET HOME LENDING, LLC 2 6.75% $10,927
    Sierra Pacific Mortgage Company, Inc. 2 6.75% $10,898
    TIDEWATER MORTGAGE SERVICES, INC. 2 6.94% $8,782
    Truist 2 6.63% $8,718
    UNITED MORTGAGE CORP 2 7.37% $11,166
    VAN DYK MORTGAGE CORPORATION 2 6.50% $14,337
    Waterstone Mortgage Corporation 2 6.69% $9,129
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $8,678
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $9,092
    NBKC BANK 1 6.00% $11,186
    AmeriHome Mortgage Company, LLC 1 6.63% $5,594
    Keystone Funding, Inc. 1 7.25% $13,522
    OCMBC, INC. 1 8.13% $8,435
    ON Q FINANCIAL, INC. 1 6.25% $11,693
    JPMorgan Chase Bank 1 6.99% $11,512
    Paramount Bank 1 6.25% $9,747
    JET HOMELOANS, LLC 1 6.75% $9,123
    Hometown Equity Mortgage, LLC 1 5.75% $8,433
    HOMESTEAD FUNDING CORP. 1 6.25% $8,201
    Alcova Mortgage LLC 1 8.25% $5,704
    Acre Mortgage and Financial Inc 1 6.75% $18,832
    PNC Bank 1 6.88% $7,616
    PREFERRED LENDING SERVICES, LLC 1 6.25% $9,284
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $11,726
    GUARANTEED RATE AFFINITY, LLC 1 7.00% $9,820
    GERSHMAN INVESTMENT CORP. 1 7.00% $10,769
    Florida Capital Bank 1 6.00% $22,749
    First Federal Bank 1 6.50% $6,123
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.75% $10,918
    ROSS MORTGAGE CORPORATION 1 5.88% $8,600
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.63% $13,439
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $15,389
    South State Bank 1 6.25% $7,202
    EQUITY RESOURCES, INC. 1 6.75% $11,968
    COMPASS MORTGAGE, INC. 1 5.63% $7,928
    CALCON MUTUAL MORTGAGE LLC 1 6.50% $8,581
    Bell Bank 1 5.75% $9,238
    Bank of America 1 6.50% $10,982
    WATSON MORTGAGE CORP. 1 5.99% $13,710
    TJC Mortgage, Inc. 1 5.75% $13,785
    MICHIGAN MUTUAL, INC. 1 6.50% $9,647
    TOP FLITE FINANCIAL, INC. 1 7.38% $12,291
    AMERITRUST MORTGAGE CORPORATION 1 7.50% $9,034
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.25% $13,140
    Mortgage Lenders Investment Trading Corporation 1 7.25% $10,485
    American Mortgage Bank, LLC 1 6.25% $9,207
    Magnolia Bank 1 6.63% $14,448
    LOANPAL, LLC 1 5.63% $11,429
    LIBERTY HOME MORTGAGE CORPORATION 1 7.38% $22,112
    MY MORTGAGE, INC. 1 6.50% $19,602
    NATION ONE MORTGAGE CORPORATION 1 7.75% $12,544

    The top Homosassa Springs FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 109 FHA loans originated. Their average total fees are $12,066, which is $1,378 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. ($9,009), CMG MORTGAGE, INC. ($9,133), PENNYMAC LOAN SERVICES, LLC ($9,303), EVERETT FINANCIAL, INC. ($9,807) and Flagstar Bank, FSB ($10,380).

    The lowest rate Homosassa Springs FHA lenders (with over 10 loans originated) are INSPIRE HOME LOANS INC. (5.31%), FBC MORTGAGE, LLC (5.82%), CMG MORTGAGE, INC. (6.16%), Flagstar Bank, FSB (6.18%) and UNITED WHOLESALE MORTGAGE, LLC (6.23%).

    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. Louis
    Date 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%) $293,830 (7.6%) 0.71 992
    2020-04-01 $219,900 (0.8%) $289,314 (5.2%) 0.69 924
    2020-05-01 $224,900 (3.4%) $298,460 (9.8%) 0.68 823
    2020-06-01 $221,013 (0.5%) $295,815 (8.3%) 0.65 697
    2020-07-01 $230,925 (7.4%) $312,487 (17.9%) 0.67 600
    2020-08-01 $229,900 (8.1%) $309,860 (16.0%) 0.66 533
    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 $329,125 (19.8%) $408,628 (-0.6%) 0.76 657
    2022-09-01 $319,325 (19.4%) $399,548 (-2.3%) 0.75 686
    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 (6.5%) $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 $332,450 (2.3%) $409,908 (2.4%) 0.76 1,242
    2024-06-01 $324,925 (-0.8%) $411,923 (-0.7%) 0.74 1,322
    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%) 0.78 1,376
    2024-10-01 $324,900 (-5.9%) $402,810 (-3.0%) 0.76 1,336
    2024-11-01 $320,000 (-5.9%) $397,317 (-2.9%) 0.77 1,414
    2024-12-01 $320,995 (-5.3%) $396,236 (-3.2%) 0.80 1,485
    2025-01-01 $325,000 (-1.5%) $404,102 (0.8%) 0.81 1,481
    2025-02-01 $322,400 (-2.3%) $399,968 (-0.9%) 0.78 1,604
    2025-03-01 $319,900 (-3.0%) $394,062 (-6.0%) 0.00 1,672
    Homosassa Springs's median listing price for 2025-03-01 was $319,900, a difference of $-10,000 (-3.0%) versus the prior year and $-2,500 versus the prior month.

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

    Homosassa Springs's average listing price for 2025-03-01 was $394,062, a difference of $-25,219 (-6.0%) versus the prior year and $-5,906 versus the prior month.

    For the 2025-03-01 period, Homosassa Springs had 1,672 MLS listings, a difference of 68 listings (4%) versus the prior month and 435 listings (35%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Homosassa Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date 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 1,815 sqft
    2020-02-01 75 days 1,819 sqft
    2020-03-01 70 days 1,829 sqft
    2020-04-01 77 days 1,819 sqft
    2020-05-01 89 days 1,819 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 1,714 sqft
    2022-09-01 48 days 1,706 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 1,706 sqft
    2023-12-01 60 days 1,699 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 66 days 1,687 sqft
    2024-06-01 64 days 1,672 sqft
    2024-07-01 66 days 1,672 sqft
    2024-08-01 72 days 1,676 sqft
    2024-09-01 73 days 1,675 sqft
    2024-10-01 79 days 1,656 sqft
    2024-11-01 79 days 1,654 sqft
    2024-12-01 75 days 1,681 sqft
    2025-01-01 75 days 1,687 sqft
    2025-02-01 73 days 1,686 sqft
    2025-03-01 0 days 1,681 sqft
    Homosassa Springs's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Homosassa Springs's median square footage for active listings during the 2025-03-01 period was 1,681 sqft. One year prior, the average listing was 1,692 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).