Hudson FHA Loan Rates, Closing Costs & Stats

Hudson, NY

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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.

    Hudson's 18 lenders originated 65 FHA loans during 2023. The total origination value was $17,595,000, with an average FHA loan value of $270,692.

    Hudson FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Hudson averaged 6.21% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Hudson's average FHA mortgage closing costs are $7,409.

    The average rate for the prior week (2025-02-07) was 6.23% and one month ago for the week of 2025-01-10, the average rate was 6.29%.

    The average rate one year ago was 6.42%.

    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.

    Hudson 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 Hudson level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 15 6.48% $10,980
    HOMESTEAD FUNDING CORP. 15 6.53% $7,474
    GUARANTEED RATE, INC. 9 6.65% $12,613
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.38% $18,989
    SEFCU SERVICES, LLC 2 6.50% $10,895
    NEWREZ LLC 2 5.50% $16,070
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $13,473
    PLAZA HOME MORTGAGE, INC. 1 7.38% $11,028
    Premium Mortgage Corporation 1 7.13% $7,350
    SUNMARK FEDERAL CREDIT UNION 1 5.75% $13,366
    TOTAL MORTGAGE SERVICES, LLC 1 7.63% $13,171
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $31,237
    UNITED WHOLESALE MORTGAGE, LLC 1 6.75% $15,831
    EMM LOANS LLC 1 6.13% $16,944
    Equity Prime Mortgage LLC 1 6.13% $18,389
    Fifth Third Bank 1 5.88% $10,131
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.25% $19,672
    Flagstar Bank, FSB 1 7.13% $12,826

    The top Hudson FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 15 FHA loans originated. Their average total fees are $10,980, which is $3,507 higher than the next largest lender, HOMESTEAD FUNDING CORP..

    The lowest fee Hudson FHA lenders (with over 10 loans originated) are HOMESTEAD FUNDING CORP. ($7,474), QUICKEN LOANS, LLC ($10,980), .

    The lowest rate Hudson FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.48%), HOMESTEAD FUNDING CORP. (6.53%), .

    Hudson FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hudson (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 $353,500 (2.0%) $604,573 (5.8%) 0.00 589
    2018-02-01 $352,000 (2.4%) $622,556 (14.3%) 0.00 585
    2018-03-01 $359,900 (4.5%) $630,169 (16.4%) 0.00 577
    2018-04-01 $362,975 (5.2%) $644,180 (16.1%) 0.00 595
    2018-05-01 $375,625 (8.5%) $670,164 (19.6%) 0.00 638
    2018-06-01 $389,000 (8.5%) $671,421 (16.8%) 0.00 717
    2018-07-01 $395,000 (12.9%) $678,338 (13.9%) 0.00 776
    2018-08-01 $395,000 (12.9%) $674,849 (12.5%) 0.00 783
    2018-09-01 $395,000 (12.9%) $665,022 (11.8%) 0.00 761
    2018-10-01 $389,900 (10.0%) $650,945 (8.1%) 0.00 757
    2018-11-01 $379,900 (5.7%) $644,481 (6.6%) 0.00 741
    2018-12-01 $379,700 (5.8%) $646,437 (5.5%) 0.00 665
    2019-01-01 $389,225 (10.1%) $650,689 (7.6%) 0.00 613
    2019-02-01 $377,450 (7.2%) $639,849 (2.8%) 0.00 606
    2019-03-01 $369,571 (2.7%) $625,799 (-0.7%) 0.00 617
    2019-04-01 $369,000 (1.7%) $613,730 (-4.7%) 0.00 637
    2019-05-01 $374,425 (-0.3%) $609,151 (-9.1%) 0.00 691
    2019-06-01 $380,000 (-2.3%) $631,818 (-5.9%) 0.00 745
    2019-07-01 $392,000 (-0.8%) $634,588 (-6.5%) 0.00 774
    2019-08-01 $395,000 (0.0%) $638,072 (-5.5%) 0.00 773
    2019-09-01 $395,000 (0.0%) $643,786 (-3.2%) 0.00 753
    2019-10-01 $395,000 (1.3%) $646,544 (-0.7%) 0.00 736
    2019-11-01 $392,400 (3.3%) $640,405 (-0.6%) 0.00 680
    2019-12-01 $394,950 (4.0%) $664,359 (2.8%) 0.00 603
    2020-01-01 $389,450 (0.1%) $678,000 (4.2%) 0.00 540
    2020-02-01 $398,700 (5.6%) $690,354 (7.9%) 0.00 524
    2020-03-01 $425,000 (15.0%) $703,043 (12.3%) 0.00 526
    2020-04-01 $427,000 (15.7%) $696,890 (13.6%) 0.00 520
    2020-05-01 $449,000 (19.9%) $712,727 (17.0%) 0.00 497
    2020-06-01 $497,000 (30.8%) $792,093 (25.4%) 0.00 500
    2020-07-01 $499,200 (27.4%) $788,641 (24.3%) 0.00 505
    2020-08-01 $525,000 (32.9%) $845,828 (32.6%) 0.00 480
    2020-09-01 $499,000 (26.3%) $853,617 (32.6%) 0.00 504
    2020-10-01 $495,000 (25.3%) $849,187 (31.3%) 0.00 526
    2020-11-01 $499,000 (27.2%) $860,847 (34.4%) 0.00 489
    2020-12-01 $500,000 (26.6%) $920,707 (38.6%) 0.00 443
    2021-01-01 $525,000 (34.8%) $965,672 (42.4%) 0.00 396
    2021-02-01 $562,500 (41.1%) $980,101 (42.0%) 0.00 360
    2021-03-01 $559,991 (31.8%) $996,701 (41.8%) 0.00 334
    2021-04-01 $575,000 (34.7%) $1,019,567 (46.3%) 0.00 319
    2021-05-01 $560,000 (24.7%) $965,598 (35.5%) 0.00 327
    2021-06-01 $544,225 (9.5%) $889,658 (12.3%) 0.00 352
    2021-07-01 $499,450 (0.1%) $818,556 (3.8%) 0.00 320
    2021-08-01 $495,000 (-5.7%) $814,920 (-3.7%) 0.00 326
    2021-09-01 $495,000 (-0.8%) $809,490 (-5.2%) 0.00 310
    2021-10-01 $499,000 (0.8%) $834,987 (-1.7%) 0.00 304
    2021-11-01 $495,000 (-0.8%) $821,896 (-4.5%) 0.00 288
    2021-12-01 $489,000 (-2.2%) $805,388 (-12.5%) 0.00 268
    2022-01-01 $495,000 (-5.7%) $859,501 (-11.0%) 0.00 225
    2022-02-01 $538,475 (-4.3%) $995,809 (1.6%) 0.00 175
    2022-03-01 $562,000 (0.4%) $985,476 (-1.1%) 0.00 175
    2022-04-01 $549,000 (-4.5%) $982,370 (-3.7%) 0.00 166
    2022-05-01 $552,200 (-1.4%) $928,247 (-3.9%) 0.00 192
    2022-06-01 $593,150 (9.0%) $965,195 (8.5%) 0.00 238
    2022-07-01 $596,850 (19.5%) $1,020,308 (24.7%) 0.00 288
    2022-08-01 $599,500 (21.1%) $1,053,116 (29.2%) 0.00 274
    2022-09-01 $586,000 (18.4%) $1,028,018 (27.0%) 0.00 287
    2022-10-01 $599,900 (20.2%) $1,034,099 (23.9%) 0.00 288
    2022-11-01 $641,250 (29.6%) $1,079,672 (31.4%) 0.00 267
    2022-12-01 $599,900 (22.7%) $1,065,128 (32.3%) 0.00 235
    2023-01-01 $587,250 (18.6%) $998,062 (16.1%) 0.00 201
    2023-02-01 $639,950 (18.8%) $1,061,088 (6.6%) 0.00 191
    2023-03-01 $599,000 (6.6%) $1,038,697 (5.4%) 0.00 193
    2023-04-01 $680,000 (23.9%) $1,146,828 (16.7%) 0.00 200
    2023-05-01 $749,250 (35.7%) $1,156,225 (24.6%) 0.00 217
    2023-06-01 $795,000 (34.0%) $1,288,870 (33.5%) 0.00 237
    2023-07-01 $744,500 (24.7%) $1,281,353 (25.6%) 0.00 265
    2023-08-01 $677,000 (12.9%) $1,209,177 (14.8%) 0.00 302
    2023-09-01 $670,000 (14.3%) $1,143,058 (11.2%) 0.00 316
    2023-10-01 $676,000 (12.7%) $1,152,209 (11.4%) 0.00 326
    2023-11-01 $639,000 (-0.4%) $1,159,420 (7.4%) 0.00 323
    2023-12-01 $595,000 (-0.8%) $1,141,851 (7.2%) 0.00 287
    2024-01-01 $595,000 (1.3%) $1,125,924 (12.8%) 0.00 234
    2024-02-01 $587,000 (-8.3%) $1,148,158 (8.2%) 0.00 221
    2024-03-01 $570,450 (-4.8%) $1,119,881 (7.8%) 0.00 226
    2024-04-01 $577,900 (-15.0%) $1,040,841 (-9.2%) 0.00 238
    2024-05-01 $622,000 (-17.0%) $1,078,167 (-6.8%) 0.00 268
    2024-06-01 $642,500 (-19.2%) $1,233,563 (-4.3%) 0.00 324
    2024-07-01 $667,500 (-10.3%) $1,246,843 (-2.7%) 0.00 339
    2024-08-01 $685,000 (1.2%) $1,241,832 (2.7%) 0.00 342
    2024-09-01 $697,000 (4.0%) $1,218,005 (6.6%) 0.00 334
    2024-10-01 $687,000 (1.6%) $1,209,737 (5.0%) 0.00 355
    2024-11-01 $667,450 (4.5%) $1,227,423 (5.9%) 0.00 324
    2024-12-01 $650,000 (9.2%) $1,225,029 (7.3%) 0.00 285
    2025-01-01 $636,750 (7.0%) $1,280,572 (13.7%) 0.00 255
    Hudson's median listing price for 2025-01-01 was $636,750, a difference of $41,750 (7.0%) versus the prior year and $-13,250 versus the prior month.

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

    Hudson's average listing price for 2025-01-01 was $1,280,572, a difference of $154,648 (13.7%) versus the prior year and $55,543 versus the prior month.

    For the 2025-01-01 period, Hudson had 255 MLS listings, a difference of -30 listings (-11%) versus the prior month and 21 listings (9%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hudson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,100 sqft
    2018-02-01 0 days 2,073 sqft
    2018-03-01 0 days 2,040 sqft
    2018-04-01 0 days 2,076 sqft
    2018-05-01 0 days 2,194 sqft
    2018-06-01 0 days 2,209 sqft
    2018-07-01 0 days 2,217 sqft
    2018-08-01 0 days 2,202 sqft
    2018-09-01 0 days 2,242 sqft
    2018-10-01 0 days 2,244 sqft
    2018-11-01 0 days 2,224 sqft
    2018-12-01 0 days 2,202 sqft
    2019-01-01 0 days 2,237 sqft
    2019-02-01 0 days 2,205 sqft
    2019-03-01 0 days 2,165 sqft
    2019-04-01 0 days 2,125 sqft
    2019-05-01 0 days 2,143 sqft
    2019-06-01 0 days 2,145 sqft
    2019-07-01 0 days 2,117 sqft
    2019-08-01 0 days 2,123 sqft
    2019-09-01 0 days 2,130 sqft
    2019-10-01 0 days 2,143 sqft
    2019-11-01 0 days 2,126 sqft
    2019-12-01 0 days 2,145 sqft
    2020-01-01 0 days 2,134 sqft
    2020-02-01 0 days 2,160 sqft
    2020-03-01 0 days 2,209 sqft
    2020-04-01 0 days 2,215 sqft
    2020-05-01 0 days 2,300 sqft
    2020-06-01 0 days 2,349 sqft
    2020-07-01 0 days 2,361 sqft
    2020-08-01 0 days 2,400 sqft
    2020-09-01 0 days 2,400 sqft
    2020-10-01 0 days 2,300 sqft
    2020-11-01 0 days 2,271 sqft
    2020-12-01 0 days 2,345 sqft
    2021-01-01 0 days 2,360 sqft
    2021-02-01 0 days 2,359 sqft
    2021-03-01 0 days 2,334 sqft
    2021-04-01 0 days 2,340 sqft
    2021-05-01 0 days 2,268 sqft
    2021-06-01 0 days 2,237 sqft
    2021-07-01 0 days 2,100 sqft
    2021-08-01 0 days 2,082 sqft
    2021-09-01 0 days 2,023 sqft
    2021-10-01 0 days 2,088 sqft
    2021-11-01 0 days 2,094 sqft
    2021-12-01 0 days 2,105 sqft
    2022-01-01 0 days 2,174 sqft
    2022-02-01 0 days 2,194 sqft
    2022-03-01 0 days 2,236 sqft
    2022-04-01 0 days 2,240 sqft
    2022-05-01 0 days 2,072 sqft
    2022-06-01 0 days 2,077 sqft
    2022-07-01 0 days 2,160 sqft
    2022-08-01 0 days 2,135 sqft
    2022-09-01 0 days 2,106 sqft
    2022-10-01 0 days 2,120 sqft
    2022-11-01 0 days 2,199 sqft
    2022-12-01 0 days 2,150 sqft
    2023-01-01 0 days 2,102 sqft
    2023-02-01 0 days 2,188 sqft
    2023-03-01 0 days 2,100 sqft
    2023-04-01 0 days 2,104 sqft
    2023-05-01 0 days 2,277 sqft
    2023-06-01 0 days 2,349 sqft
    2023-07-01 0 days 2,257 sqft
    2023-08-01 0 days 2,227 sqft
    2023-09-01 0 days 2,204 sqft
    2023-10-01 0 days 2,234 sqft
    2023-11-01 0 days 2,131 sqft
    2023-12-01 0 days 2,146 sqft
    2024-01-01 0 days 2,124 sqft
    2024-02-01 0 days 2,118 sqft
    2024-03-01 0 days 1,960 sqft
    2024-04-01 0 days 1,968 sqft
    2024-05-01 0 days 2,036 sqft
    2024-06-01 0 days 2,116 sqft
    2024-07-01 0 days 2,234 sqft
    2024-08-01 0 days 2,286 sqft
    2024-09-01 0 days 2,256 sqft
    2024-10-01 0 days 2,243 sqft
    2024-11-01 0 days 2,200 sqft
    2024-12-01 0 days 2,220 sqft
    2025-01-01 0 days 2,185 sqft
    Hudson's median listing age (time on market) for 2025-01-01 was 0 days.

    Hudson's median square footage for active listings during the 2025-01-01 period was 2,185 sqft. One year prior, the average listing was 2,124 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).