Huntingdon FHA Loan Rates, Closing Costs & Stats

Huntingdon, PA

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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.

    Huntingdon's 22 lenders originated 58 FHA loans during 2023. The total origination value was $10,020,000, with an average FHA loan value of $172,759.

    Huntingdon FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Huntingdon averaged 6.93% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Huntingdon's average FHA mortgage closing costs are $6,912.

    The average rate for the prior week (2024-04-12) was 6.52% and one month ago for the week of 2024-03-15, the average rate was 6.49%.

    The average rate one year ago was 6.32%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Huntingdon 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 Huntingdon level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 16 6.17% $10,885
    Flagstar Bank, FSB 9 6.58% $7,794
    Farmers and Merchants Trust Company of Chambersburg 4 6.78% $5,708
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.67% $7,188
    UNITED WHOLESALE MORTGAGE, LLC 3 5.91% $12,424
    GUILD MORTGAGE COMPANY 2 6.56% $7,670
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $9,852
    HOMESIDE FINANCIAL, LLC 1 6.25% $9,413
    Bank of England 1 6.75% $10,566
    LOANDEPOT.COM, LLC 1 6.25% $8,810
    MILEND, INC. 1 7.13% $11,033
    NETWORK CAPITAL FUNDING CORPORATION 1 7.13% $6,524
    NEWREZ LLC 1 5.99% $8,499
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $16,274
    RELIANCE FIRST CAPITAL, LLC 1 7.75% $7,650
    UNION HOME MORTGAGE CORP. 1 6.38% $18,780
    Integrity Home Mortgage Corp 1 7.63% $8,207
    Barrington Bank & Trust Company, N.A. 1 6.25% $11,785
    BROKER SOLUTIONS, INC. 1 6.75% $10,887
    CROSSCOUNTRY MORTGAGE, LLC 1 6.63% $8,448
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.63% $9,489
    EQUITY RESOURCES, INC. 1 7.00% $6,473

    The top Huntingdon FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 16 FHA loans originated. Their average total fees are $10,885, which is $3,091 higher than the next largest lender, Flagstar Bank, FSB.

    The lowest fee Huntingdon FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($10,885), .

    The lowest rate Huntingdon FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.17%), .

    Huntingdon FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Huntingdon (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 $121,650 (-23.5%) $188,980 (-2.3%) 0.00 119
    2018-02-01 $147,625 (-2.3%) $199,251 (5.0%) 0.00 114
    2018-03-01 $145,000 (-0.8%) $187,726 (-1.9%) 0.00 108
    2018-04-01 $149,975 (9.5%) $197,233 (5.6%) 0.00 134
    2018-05-01 $172,450 (27.8%) $214,545 (15.5%) 0.00 133
    2018-06-01 $186,000 (25.3%) $221,140 (10.6%) 0.00 141
    2018-07-01 $159,750 (6.6%) $201,094 (-0.4%) 0.00 157
    2018-08-01 $149,950 (0.0%) $193,653 (-5.4%) 0.00 161
    2018-09-01 $150,000 (0.1%) $197,758 (-5.6%) 0.00 161
    2018-10-01 $152,375 (3.1%) $205,502 (0.5%) 0.00 152
    2018-11-01 $149,175 (3.8%) $202,761 (3.7%) 0.00 147
    2018-12-01 $149,900 (11.1%) $181,138 (-7.4%) 0.00 137
    2019-01-01 $139,900 (15.0%) $171,412 (-9.3%) 0.00 130
    2019-02-01 $136,950 (-7.2%) $184,302 (-7.5%) 0.00 126
    2019-03-01 $150,614 (3.9%) $264,729 (41.0%) 0.00 129
    2019-04-01 $163,425 (9.0%) $247,783 (25.6%) 0.00 129
    2019-05-01 $169,900 (-1.5%) $251,616 (17.3%) 0.00 145
    2019-06-01 $163,400 (-12.2%) $245,421 (11.0%) 0.00 149
    2019-07-01 $184,900 (15.7%) $253,595 (26.1%) 0.00 160
    2019-08-01 $180,636 (20.5%) $252,842 (30.6%) 0.00 161
    2019-09-01 $174,091 (16.1%) $248,837 (25.8%) 0.00 151
    2019-10-01 $169,000 (10.9%) $246,168 (19.8%) 0.00 143
    2019-11-01 $159,900 (7.2%) $244,008 (20.3%) 0.00 140
    2019-12-01 $159,450 (6.4%) $246,211 (35.9%) 0.00 129
    2020-01-01 $149,900 (7.2%) $249,180 (45.4%) 0.00 122
    2020-02-01 $144,900 (5.8%) $235,526 (27.8%) 0.00 106
    2020-03-01 $142,450 (-5.4%) $233,930 (-11.6%) 0.00 111
    2020-04-01 $139,800 (-14.5%) $219,306 (-11.5%) 0.00 104
    2020-05-01 $142,400 (-16.2%) $294,449 (17.0%) 0.00 101
    2020-06-01 $173,650 (6.3%) $348,567 (42.0%) 0.00 94
    2020-07-01 $169,000 (-8.6%) $352,541 (39.0%) 0.00 89
    2020-08-01 $159,400 (-11.8%) $346,717 (37.1%) 0.00 81
    2020-09-01 $162,225 (-6.8%) $386,610 (55.4%) 0.00 71
    2020-10-01 $179,200 (6.0%) $380,567 (54.6%) 0.00 70
    2020-11-01 $165,525 (3.5%) $400,366 (64.1%) 0.00 67
    2020-12-01 $162,675 (2.0%) $386,118 (56.8%) 0.00 64
    2021-01-01 $162,350 (8.3%) $403,777 (62.0%) 0.00 48
    2021-02-01 $139,900 (-3.5%) $280,271 (19.0%) 0.00 40
    2021-03-01 $141,150 (-0.9%) $314,706 (34.5%) 0.00 35
    2021-04-01 $158,625 (13.5%) $282,206 (28.7%) 0.00 51
    2021-05-01 $149,950 (5.3%) $272,661 (-7.4%) 0.00 46
    2021-06-01 $149,625 (-13.8%) $261,065 (-25.1%) 0.00 53
    2021-07-01 $149,400 (-11.6%) $266,796 (-24.3%) 0.00 50
    2021-08-01 $149,000 (-6.5%) $235,209 (-32.2%) 0.00 55
    2021-09-01 $167,975 (3.5%) $270,566 (-30.0%) 0.00 61
    2021-10-01 $178,900 (-0.2%) $280,807 (-26.2%) 0.00 60
    2021-11-01 $209,725 (26.7%) $344,140 (-14.0%) 0.00 55
    2021-12-01 $219,850 (35.2%) $355,001 (-8.1%) 0.00 43
    2022-01-01 $189,900 (17.0%) $376,376 (-6.8%) 0.00 37
    2022-02-01 $194,125 (38.8%) $398,318 (42.1%) 0.00 34
    2022-03-01 $205,825 (45.8%) $377,704 (20.0%) 0.00 37
    2022-04-01 $209,900 (32.3%) $343,183 (21.6%) 0.00 42
    2022-05-01 $189,375 (26.3%) $333,825 (22.4%) 0.00 50
    2022-06-01 $196,650 (31.4%) $361,365 (38.4%) 0.00 44
    2022-07-01 $195,900 (31.1%) $336,864 (26.3%) 0.00 59
    2022-08-01 $194,950 (30.8%) $328,722 (39.8%) 0.00 63
    2022-09-01 $190,425 (13.4%) $322,231 (19.1%) 0.00 69
    2022-10-01 $180,000 (0.6%) $321,243 (14.4%) 0.00 61
    2022-11-01 $174,250 (-16.9%) $300,274 (-12.8%) 0.00 61
    2022-12-01 $182,400 (-17.0%) $298,823 (-15.8%) 0.00 55
    2023-01-01 $170,925 (-10.0%) $297,991 (-20.8%) 0.00 42
    2023-02-01 $179,450 (-7.6%) $291,974 (-26.7%) 0.00 41
    2023-03-01 $191,175 (-7.1%) $337,106 (-10.8%) 0.00 44
    2023-04-01 $199,900 (-4.8%) $339,485 (-1.1%) 0.00 50
    2023-05-01 $202,500 (6.9%) $375,346 (12.4%) 0.00 50
    2023-06-01 $227,425 (15.7%) $423,401 (17.2%) 0.00 52
    2023-07-01 $199,925 (2.1%) $390,156 (15.8%) 0.00 57
    2023-08-01 $202,225 (3.7%) $377,533 (14.9%) 0.00 61
    2023-09-01 $210,000 (10.3%) $395,932 (22.9%) 0.00 60
    2023-10-01 $218,700 (21.5%) $381,609 (18.8%) 0.00 61
    2023-11-01 $212,450 (21.9%) $348,792 (16.2%) 0.00 80
    2023-12-01 $189,900 (4.1%) $323,715 (8.3%) 0.00 80
    2024-01-01 $184,925 (8.2%) $338,116 (13.5%) 0.00 76
    2024-02-01 $197,500 (10.1%) $363,577 (24.5%) 0.00 67
    2024-03-01 $205,000 (7.2%) $322,042 (-4.5%) 0.00 66
    Huntingdon's median listing price for 2024-03-01 was $205,000, a difference of $13,825 (7.2%) versus the prior year and $7,500 versus the prior month.

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

    Huntingdon's average listing price for 2024-03-01 was $322,042, a difference of $-15,064 (-4.5%) versus the prior year and $-41,535 versus the prior month.

    For the 2024-03-01 period, Huntingdon had 66 MLS listings, a difference of -1 listings (-1%) versus the prior month and 22 listings (50%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Huntingdon (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 1,612 sqft
    2018-03-01 0 days 1,612 sqft
    2018-04-01 0 days 1,648 sqft
    2018-05-01 0 days 1,689 sqft
    2018-06-01 0 days 1,765 sqft
    2018-07-01 0 days 1,650 sqft
    2018-08-01 0 days 1,695 sqft
    2018-09-01 0 days 1,743 sqft
    2018-10-01 0 days 1,698 sqft
    2018-11-01 0 days 1,728 sqft
    2018-12-01 0 days 1,800 sqft
    2019-01-01 0 days 1,609 sqft
    2019-02-01 0 days 1,562 sqft
    2019-03-01 0 days 1,716 sqft
    2019-04-01 0 days 1,826 sqft
    2019-05-01 0 days 1,876 sqft
    2019-06-01 0 days 1,880 sqft
    2019-07-01 0 days 1,871 sqft
    2019-08-01 0 days 1,812 sqft
    2019-09-01 0 days 1,706 sqft
    2019-10-01 0 days 1,674 sqft
    2019-11-01 0 days 1,700 sqft
    2019-12-01 0 days 1,684 sqft
    2020-01-01 0 days 1,617 sqft
    2020-02-01 0 days 1,608 sqft
    2020-03-01 0 days 1,612 sqft
    2020-04-01 0 days 1,582 sqft
    2020-05-01 0 days 1,624 sqft
    2020-06-01 0 days 1,765 sqft
    2020-07-01 0 days 1,846 sqft
    2020-08-01 0 days 1,664 sqft
    2020-09-01 0 days 1,826 sqft
    2020-10-01 0 days 1,803 sqft
    2020-11-01 0 days 1,811 sqft
    2020-12-01 0 days 1,832 sqft
    2021-01-01 0 days 1,772 sqft
    2021-02-01 0 days 1,642 sqft
    2021-03-01 0 days 1,671 sqft
    2021-04-01 0 days 1,663 sqft
    2021-05-01 0 days 1,614 sqft
    2021-06-01 0 days 1,499 sqft
    2021-07-01 0 days 1,514 sqft
    2021-08-01 0 days 1,499 sqft
    2021-09-01 0 days 1,501 sqft
    2021-10-01 0 days 1,490 sqft
    2021-11-01 0 days 1,591 sqft
    2021-12-01 0 days 1,576 sqft
    2022-01-01 0 days 1,574 sqft
    2022-02-01 0 days 1,566 sqft
    2022-03-01 0 days 1,500 sqft
    2022-04-01 0 days 1,566 sqft
    2022-05-01 0 days 1,519 sqft
    2022-06-01 0 days 1,628 sqft
    2022-07-01 0 days 1,600 sqft
    2022-08-01 0 days 1,580 sqft
    2022-09-01 0 days 1,490 sqft
    2022-10-01 0 days 1,555 sqft
    2022-11-01 0 days 1,368 sqft
    2022-12-01 0 days 1,367 sqft
    2023-01-01 0 days 1,369 sqft
    2023-02-01 0 days 1,365 sqft
    2023-03-01 0 days 1,305 sqft
    2023-04-01 0 days 1,359 sqft
    2023-05-01 0 days 1,509 sqft
    2023-06-01 0 days 1,575 sqft
    2023-07-01 0 days 1,602 sqft
    2023-08-01 0 days 1,584 sqft
    2023-09-01 0 days 1,575 sqft
    2023-10-01 0 days 1,633 sqft
    2023-11-01 0 days 1,638 sqft
    2023-12-01 0 days 1,638 sqft
    2024-01-01 0 days 1,704 sqft
    2024-02-01 0 days 1,741 sqft
    2024-03-01 0 days 1,682 sqft
    Huntingdon's median listing age (time on market) for 2024-03-01 was 0 days.

    Huntingdon's median square footage for active listings during the 2024-03-01 period was 1,682 sqft. One year prior, the average listing was 1,305 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).