Hudson FHA Loan Rates, Closing Costs & Stats
Hudson, NY
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 20 lenders originated 77 FHA loans during 2022. The total origination value was $20,025,000, with an average FHA loan value of $260,065.
Hudson FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Hudson
averaged
5.81%
for the week of 2023-05-26, compared to the national average (all FHA variants) of
6.612% for the same period.
Hudson's average FHA mortgage closing costs are $6,961.
The average rate for the prior week (2023-05-19) was
5.88% and
one month ago for the week of 2023-04-21, the
average rate was 5.63%.
The average rate one year ago was 4.54%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.34%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
---|---|---|---|
HOMESTEAD FUNDING CORP. | 17 | 4.51% | $6,491 |
GUARANTEED RATE, INC. | 14 | 5.07% | $11,140 |
QUICKEN LOANS, LLC | 11 | 4.48% | $14,553 |
MOVEMENT MORTGAGE, LLC | 4 | 4.69% | $9,801 |
CALIBER HOME LOANS, INC. | 4 | 4.44% | $7,871 |
SEFCU SERVICES, LLC | 3 | 5.92% | $7,743 |
CROSSCOUNTRY MORTGAGE, LLC | 2 | 5.28% | $14,808 |
PRIMELENDING, A PLAINSCAPITAL COMPANY | 2 | 3.63% | $11,044 |
SUNMARK FEDERAL CREDIT UNION | 2 | 3.19% | $7,981 |
TOTAL MORTGAGE SERVICES, LLC | 2 | 6.56% | $14,399 |
NATIONWIDE MORTGAGE BANKERS, INC. | 2 | 4.25% | $10,643 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 4.63% | $14,650 |
Genesee Regional Bank | 1 | 4.25% | $9,833 |
HOME POINT FINANCIAL CORPORATION | 1 | 4.63% | $8,297 |
LOANDEPOT.COM, LLC | 1 | 5.63% | $19,206 |
Magnolia Bank | 1 | 5.75% | $19,092 |
Mr. Cooper ( Nationstar Mortgage ) | 1 | 4.75% | $13,921 |
NEWREZ LLC | 1 | 3.25% | $12,546 |
RELIANCE FIRST CAPITAL, LLC | 1 | 2.63% | $14,214 |
Academy Bank | 1 | 7.25% | $9,661 |
The top Hudson FHA lender as defined by loan originations is HOMESTEAD FUNDING CORP., with
17 FHA loans originated. Their average total fees are
$6,491, which is $4,649
lower than the next largest lender,
GUARANTEED RATE, INC..
The lowest fee Hudson FHA lenders (with over 10 loans originated) are
HOMESTEAD FUNDING CORP. ($6,491), GUARANTEED RATE, INC. ($11,140), QUICKEN LOANS, LLC ($14,553), .
The lowest rate Hudson FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (4.48%), HOMESTEAD FUNDING CORP. (4.51%), GUARANTEED RATE, INC. (5.07%), .
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $352,250 (1.5%) | $602,202 (4.9%) | 0.00 | 594 |
2018-02-01 | $351,000 (2.1%) | $619,464 (13.1%) | 0.00 | 590 |
2018-03-01 | $357,450 (3.8%) | $628,042 (15.4%) | 0.00 | 579 |
2018-04-01 | $362,725 (5.9%) | $643,058 (15.2%) | 0.00 | 597 |
2018-05-01 | $376,625 (9.2%) | $671,589 (19.5%) | 0.00 | 640 |
2018-06-01 | $389,000 (8.6%) | $673,859 (17.1%) | 0.00 | 719 |
2018-07-01 | $395,000 (12.9%) | $680,764 (14.3%) | 0.00 | 778 |
2018-08-01 | $396,000 (13.2%) | $677,247 (12.9%) | 0.00 | 786 |
2018-09-01 | $395,000 (12.9%) | $666,585 (11.9%) | 0.00 | 764 |
2018-10-01 | $393,225 (12.4%) | $652,765 (8.6%) | 0.00 | 762 |
2018-11-01 | $379,900 (6.7%) | $645,089 (7.1%) | 0.00 | 748 |
2018-12-01 | $379,900 (7.2%) | $646,580 (5.9%) | 0.00 | 672 |
2019-01-01 | $389,000 (10.4%) | $650,766 (8.1%) | 0.00 | 620 |
2019-02-01 | $377,450 (7.5%) | $640,579 (3.4%) | 0.00 | 613 |
2019-03-01 | $369,950 (3.5%) | $637,069 (1.4%) | 0.00 | 631 |
2019-04-01 | $369,000 (1.7%) | $616,441 (-4.1%) | 0.00 | 641 |
2019-05-01 | $374,425 (-0.6%) | $608,173 (-9.4%) | 0.00 | 695 |
2019-06-01 | $379,500 (-2.4%) | $630,368 (-6.5%) | 0.00 | 750 |
2019-07-01 | $392,000 (-0.8%) | $633,257 (-7.0%) | 0.00 | 778 |
2019-08-01 | $395,000 (-0.3%) | $633,839 (-6.4%) | 0.00 | 792 |
2019-09-01 | $395,000 (0.0%) | $631,738 (-5.2%) | 0.00 | 768 |
2019-10-01 | $395,250 (0.5%) | $646,316 (-1.0%) | 0.00 | 739 |
2019-11-01 | $395,000 (4.0%) | $641,229 (-0.6%) | 0.00 | 685 |
2019-12-01 | $395,000 (4.0%) | $664,085 (2.7%) | 0.00 | 608 |
2020-01-01 | $390,925 (0.5%) | $677,540 (4.1%) | 0.00 | 543 |
2020-02-01 | $399,000 (5.7%) | $689,806 (7.7%) | 0.00 | 527 |
2020-03-01 | $427,000 (15.4%) | $703,212 (10.4%) | 0.00 | 528 |
2020-04-01 | $429,000 (16.3%) | $696,769 (13.0%) | 0.00 | 522 |
2020-05-01 | $449,000 (19.9%) | $712,149 (17.1%) | 0.00 | 500 |
2020-06-01 | $497,000 (31.0%) | $789,728 (25.3%) | 0.00 | 503 |
2020-07-01 | $499,200 (27.4%) | $786,110 (24.1%) | 0.00 | 508 |
2020-08-01 | $527,000 (33.4%) | $847,715 (33.7%) | 0.00 | 487 |
2020-09-01 | $499,300 (26.4%) | $853,375 (35.1%) | 0.00 | 510 |
2020-10-01 | $497,000 (25.7%) | $848,798 (31.3%) | 0.00 | 531 |
2020-11-01 | $499,000 (26.3%) | $858,885 (33.9%) | 0.00 | 493 |
2020-12-01 | $500,950 (26.8%) | $918,825 (38.4%) | 0.00 | 447 |
2021-01-01 | $537,000 (37.4%) | $965,350 (42.5%) | 0.00 | 398 |
2021-02-01 | $562,500 (41.0%) | $976,848 (41.6%) | 0.00 | 362 |
2021-03-01 | $557,472 (30.6%) | $992,348 (41.1%) | 0.00 | 336 |
2021-04-01 | $574,975 (34.0%) | $1,013,698 (45.5%) | 0.00 | 321 |
2021-05-01 | $559,988 (24.7%) | $961,274 (35.0%) | 0.00 | 329 |
2021-06-01 | $536,500 (8.0%) | $882,085 (11.7%) | 0.00 | 356 |
2021-07-01 | $499,000 (0.0%) | $815,701 (3.8%) | 0.00 | 323 |
2021-08-01 | $492,000 (-6.6%) | $812,095 (-4.2%) | 0.00 | 328 |
2021-09-01 | $493,613 (-1.1%) | $807,931 (-5.3%) | 0.00 | 312 |
2021-10-01 | $499,000 (0.4%) | $837,144 (-1.4%) | 0.00 | 305 |
2021-11-01 | $495,000 (-0.8%) | $824,465 (-4.0%) | 0.00 | 288 |
2021-12-01 | $489,000 (-2.4%) | $807,971 (-12.1%) | 0.00 | 269 |
2022-01-01 | $495,000 (-7.8%) | $862,338 (-10.7%) | 0.00 | 225 |
2022-02-01 | $539,500 (-4.1%) | $996,739 (2.0%) | 0.00 | 177 |
2022-03-01 | $562,250 (0.9%) | $984,754 (-0.8%) | 0.00 | 177 |
2022-04-01 | $549,000 (-4.5%) | $983,469 (-3.0%) | 0.00 | 167 |
2022-05-01 | $554,475 (-1.0%) | $931,027 (-3.2%) | 0.00 | 193 |
2022-06-01 | $597,000 (11.3%) | $967,443 (9.7%) | 0.00 | 239 |
2022-07-01 | $598,700 (20.0%) | $1,021,654 (25.3%) | 0.00 | 289 |
2022-08-01 | $599,500 (21.9%) | $1,053,116 (29.7%) | 0.00 | 274 |
2022-09-01 | $586,000 (18.7%) | $1,028,018 (27.2%) | 0.00 | 287 |
2022-10-01 | $599,900 (20.2%) | $1,034,099 (23.5%) | 0.00 | 288 |
2022-11-01 | $641,250 (29.6%) | $1,079,672 (31.0%) | 0.00 | 267 |
2022-12-01 | $599,900 (22.7%) | $1,065,128 (31.8%) | 0.00 | 235 |
2023-01-01 | $587,250 (18.6%) | $998,062 (15.7%) | 0.00 | 201 |
2023-02-01 | $639,950 (18.6%) | $1,061,088 (6.5%) | 0.00 | 191 |
2023-03-01 | $599,000 (6.5%) | $1,038,697 (5.5%) | 0.00 | 193 |
2023-04-01 | $665,000 (21.1%) | $1,144,247 (16.4%) | 0.00 | 199 |
Hudson's median listing price comes in at 0% of the national average.
Hudson's average listing price for 2023-04-01 was $1,144,247, a difference of $160,778 (16.4%) versus the prior year and $105,550 versus the prior month.
For the 2023-04-01 period, Hudson had 199 MLS listings, a difference of 6 listings (3%) versus the prior month and 32 listings (19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hudson (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,100 sqft |
2018-02-01 | 0 days | 2,075 sqft |
2018-03-01 | 0 days | 2,049 sqft |
2018-04-01 | 0 days | 2,075 sqft |
2018-05-01 | 0 days | 2,191 sqft |
2018-06-01 | 0 days | 2,209 sqft |
2018-07-01 | 0 days | 2,219 sqft |
2018-08-01 | 0 days | 2,206 sqft |
2018-09-01 | 0 days | 2,252 sqft |
2018-10-01 | 0 days | 2,255 sqft |
2018-11-01 | 0 days | 2,237 sqft |
2018-12-01 | 0 days | 2,210 sqft |
2019-01-01 | 0 days | 2,249 sqft |
2019-02-01 | 0 days | 2,210 sqft |
2019-03-01 | 0 days | 2,200 sqft |
2019-04-01 | 0 days | 2,132 sqft |
2019-05-01 | 0 days | 2,143 sqft |
2019-06-01 | 0 days | 2,148 sqft |
2019-07-01 | 0 days | 2,110 sqft |
2019-08-01 | 0 days | 2,129 sqft |
2019-09-01 | 0 days | 2,114 sqft |
2019-10-01 | 0 days | 2,138 sqft |
2019-11-01 | 0 days | 2,124 sqft |
2019-12-01 | 0 days | 2,148 sqft |
2020-01-01 | 0 days | 2,142 sqft |
2020-02-01 | 0 days | 2,168 sqft |
2020-03-01 | 0 days | 2,209 sqft |
2020-04-01 | 0 days | 2,219 sqft |
2020-05-01 | 0 days | 2,300 sqft |
2020-06-01 | 0 days | 2,354 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 | 2,309 sqft |
2020-11-01 | 0 days | 2,278 sqft |
2020-12-01 | 0 days | 2,350 sqft |
2021-01-01 | 0 days | 2,377 sqft |
2021-02-01 | 0 days | 2,365 sqft |
2021-03-01 | 0 days | 2,340 sqft |
2021-04-01 | 0 days | 2,340 sqft |
2021-05-01 | 0 days | 2,268 sqft |
2021-06-01 | 0 days | 2,229 sqft |
2021-07-01 | 0 days | 2,100 sqft |
2021-08-01 | 0 days | 2,072 sqft |
2021-09-01 | 0 days | 2,017 sqft |
2021-10-01 | 0 days | 2,088 sqft |
2021-11-01 | 0 days | 2,106 sqft |
2021-12-01 | 0 days | 2,109 sqft |
2022-01-01 | 0 days | 2,187 sqft |
2022-02-01 | 0 days | 2,159 sqft |
2022-03-01 | 0 days | 2,194 sqft |
2022-04-01 | 0 days | 2,228 sqft |
2022-05-01 | 0 days | 2,060 sqft |
2022-06-01 | 0 days | 2,074 sqft |
2022-07-01 | 0 days | 2,160 sqft |
2022-08-01 | 0 days | 2,131 sqft |
2022-09-01 | 0 days | 2,106 sqft |
2022-10-01 | 0 days | 2,112 sqft |
2022-11-01 | 0 days | 2,190 sqft |
2022-12-01 | 0 days | 2,150 sqft |
2023-01-01 | 0 days | 2,101 sqft |
2023-02-01 | 0 days | 2,147 sqft |
2023-03-01 | 0 days | 2,030 sqft |
2023-04-01 | 0 days | 2,100 sqft |
Hudson's median square footage for active listings during the 2023-04-01 period was 2,100 sqft. One year prior, the average listing was 2,228 sqft.