Huntington FHA Loans
HUNTINGTON-ASHLAND, WV-KY-OH
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.
Huntington's 87 lenders originated 1,338 FHA loans during 2021. The total origination value was $193,400,000, with an average FHA loan value of $144,544.
Huntington FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Huntington
averaged
5.41%
for the week of 2022-05-13, compared to the national average (all FHA variants) of
5.361% for the same period.
The average rate for the prior week (2022-05-06) was
5.34% and
one month ago for the week of 2022-04-08, the
average rate was 4.8%.
The average rate one year ago was 3.41%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.2%.
Huntington FHA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Huntington level.
The top Huntington FHA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with
183 FHA loans originated. Their average total fees are
$6,198, which is $814
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Huntington FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL & INVESTMENT LLC ($1,972), MID AMERICA MORTGAGE, INC. ($2,836), Mr. Cooper ( Nationstar Mortgage ) ($2,935), FREEDOM MORTGAGE CORPORATION ($3,575) and LAKEVIEW LOAN SERVICING, LLC ($4,173).
The lowest rate Huntington FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (2.79%), MYCUMORTGAGE, LLC (2.82%), WesBanco Bank, Inc. (2.88%), VILLAGE CAPITAL & INVESTMENT LLC (2.91%) and U.S. Bank (2.97%).
Huntington FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
HUNTINGTON-ASHLAND, WV-KY-OH | BOYD | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HUNTINGTON-ASHLAND, WV-KY-OH | CARTER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HUNTINGTON-ASHLAND, WV-KY-OH | GREENUP | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HUNTINGTON-ASHLAND, WV-KY-OH | LAWRENCE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HUNTINGTON-ASHLAND, WV-KY-OH | CABELL | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HUNTINGTON-ASHLAND, WV-KY-OH | PUTNAM | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HUNTINGTON-ASHLAND, WV-KY-OH | WAYNE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Huntington (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 | $141,950 (1.5%) | $197,305 (4.2%) | 0.52 | 1,741 |
2018-02-01 | $144,950 (4.3%) | $202,568 (7.7%) | 0.52 | 1,722 |
2018-03-01 | $149,000 (6.5%) | $205,113 (8.3%) | 0.52 | 1,727 |
2018-04-01 | $149,450 (5.3%) | $203,794 (4.6%) | 0.50 | 1,743 |
2018-05-01 | $149,900 (3.6%) | $207,054 (5.0%) | 0.50 | 1,770 |
2018-06-01 | $154,900 (4.0%) | $207,210 (3.9%) | 0.52 | 1,853 |
2018-07-01 | $159,350 (10.0%) | $209,011 (5.1%) | 0.53 | 1,903 |
2018-08-01 | $154,950 (4.0%) | $208,153 (5.8%) | 0.52 | 1,931 |
2018-09-01 | $155,000 (6.9%) | $206,107 (5.8%) | 0.52 | 1,907 |
2018-10-01 | $153,450 (7.4%) | $201,921 (3.6%) | 0.51 | 1,863 |
2018-11-01 | $149,975 (7.2%) | $197,955 (1.4%) | 0.50 | 1,861 |
2018-12-01 | $149,000 (6.4%) | $196,769 (0.3%) | 0.51 | 1,806 |
2019-01-01 | $145,000 (2.2%) | $194,235 (-1.6%) | 0.50 | 1,696 |
2019-02-01 | $144,400 (-0.4%) | $193,579 (-4.4%) | 0.48 | 1,670 |
2019-03-01 | $143,471 (-3.7%) | $196,203 (-4.3%) | 0.47 | 1,683 |
2019-04-01 | $143,971 (-3.7%) | $199,994 (-1.9%) | 0.45 | 1,672 |
2019-05-01 | $148,000 (-1.3%) | $204,650 (-1.2%) | 0.46 | 1,637 |
2019-06-01 | $149,900 (-3.2%) | $203,587 (-1.8%) | 0.46 | 1,650 |
2019-07-01 | $149,900 (-5.9%) | $199,814 (-4.4%) | 0.47 | 1,678 |
2019-08-01 | $149,900 (-3.3%) | $201,524 (-3.2%) | 0.47 | 1,734 |
2019-09-01 | $149,900 (-3.3%) | $202,903 (-1.6%) | 0.48 | 1,759 |
2019-10-01 | $147,000 (-4.2%) | $200,684 (-0.6%) | 0.47 | 1,724 |
2019-11-01 | $142,500 (-5.0%) | $203,560 (2.8%) | 0.46 | 1,660 |
2019-12-01 | $139,900 (-6.1%) | $200,507 (1.9%) | 0.47 | 1,605 |
2020-01-01 | $138,500 (-4.5%) | $199,326 (2.6%) | 0.46 | 1,502 |
2020-02-01 | $139,900 (-3.1%) | $200,925 (3.8%) | 0.45 | 1,460 |
2020-03-01 | $134,950 (-5.9%) | $197,015 (0.4%) | 0.42 | 1,378 |
2020-04-01 | $135,000 (-6.2%) | $199,259 (-0.4%) | 0.42 | 1,326 |
2020-05-01 | $135,000 (-8.8%) | $199,976 (-2.3%) | 0.41 | 1,208 |
2020-06-01 | $152,200 (1.5%) | $217,266 (6.7%) | 0.44 | 1,063 |
2020-07-01 | $154,950 (3.4%) | $214,546 (7.4%) | 0.44 | 1,028 |
2020-08-01 | $149,900 (0.0%) | $215,799 (7.1%) | 0.43 | 902 |
2020-09-01 | $150,000 (0.1%) | $218,371 (7.6%) | 0.43 | 850 |
2020-10-01 | $149,900 (2.0%) | $214,814 (7.0%) | 0.43 | 839 |
2020-11-01 | $143,700 (0.8%) | $205,487 (1.0%) | 0.41 | 796 |
2020-12-01 | $139,900 (0.0%) | $198,934 (-0.8%) | 0.41 | 763 |
2021-01-01 | $136,000 (-1.8%) | $193,134 (-3.1%) | 0.40 | 712 |
2021-02-01 | $129,450 (-7.5%) | $185,600 (-7.6%) | 0.37 | 635 |
2021-03-01 | $125,000 (-7.4%) | $189,346 (-3.9%) | 0.35 | 589 |
2021-04-01 | $118,750 (-12.0%) | $190,197 (-4.6%) | 0.32 | 555 |
2021-05-01 | $124,900 (-7.5%) | $198,619 (-0.7%) | 0.33 | 538 |
2021-06-01 | $134,000 (-12.0%) | $208,609 (-4.0%) | 0.35 | 492 |
2021-07-01 | $144,700 (-6.6%) | $221,158 (3.1%) | 0.38 | 527 |
2021-08-01 | $150,000 (0.1%) | $220,075 (2.0%) | 0.39 | 585 |
2021-09-01 | $152,450 (1.6%) | $222,587 (1.9%) | 0.40 | 582 |
2021-10-01 | $149,900 (0.0%) | $217,933 (1.5%) | 0.39 | 634 |
2021-11-01 | $152,200 (5.9%) | $217,701 (5.9%) | 0.40 | 644 |
2021-12-01 | $152,450 (9.0%) | $219,733 (10.5%) | 0.41 | 606 |
2022-01-01 | $145,000 (6.6%) | $215,647 (11.7%) | 0.39 | 529 |
2022-02-01 | $139,950 (8.1%) | $217,410 (17.1%) | 0.36 | 455 |
2022-03-01 | $149,900 (19.9%) | $242,565 (28.1%) | 0.37 | 416 |
2022-04-01 | $164,900 (38.9%) | $274,307 (44.2%) | 0.39 | 395 |
Huntington's median listing price comes in at 39% of the national average.
Huntington's average listing price for 2022-04-01 was $274,307, a difference of $84,110 (44.2%) versus the prior year and $31,742 versus the prior month.
For the 2022-04-01 period, Huntington had 395 MLS listings, a difference of -21 listings (-5%) versus the prior month and -160 listings (-29%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Huntington (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 117 days | 1,796 sqft |
2018-02-01 | 113 days | 1,800 sqft |
2018-03-01 | 101 days | 1,800 sqft |
2018-04-01 | 86 days | 1,806 sqft |
2018-05-01 | 84 days | 1,834 sqft |
2018-06-01 | 88 days | 1,868 sqft |
2018-07-01 | 88 days | 1,865 sqft |
2018-08-01 | 86 days | 1,874 sqft |
2018-09-01 | 86 days | 1,880 sqft |
2018-10-01 | 93 days | 1,878 sqft |
2018-11-01 | 98 days | 1,857 sqft |
2018-12-01 | 103 days | 1,852 sqft |
2019-01-01 | 114 days | 1,845 sqft |
2019-02-01 | 111 days | 1,800 sqft |
2019-03-01 | 105 days | 1,797 sqft |
2019-04-01 | 87 days | 1,797 sqft |
2019-05-01 | 83 days | 1,801 sqft |
2019-06-01 | 80 days | 1,812 sqft |
2019-07-01 | 85 days | 1,822 sqft |
2019-08-01 | 84 days | 1,821 sqft |
2019-09-01 | 82 days | 1,822 sqft |
2019-10-01 | 86 days | 1,804 sqft |
2019-11-01 | 91 days | 1,788 sqft |
2019-12-01 | 103 days | 1,776 sqft |
2020-01-01 | 114 days | 1,764 sqft |
2020-02-01 | 109 days | 1,768 sqft |
2020-03-01 | 102 days | 1,740 sqft |
2020-04-01 | 95 days | 1,736 sqft |
2020-05-01 | 98 days | 1,764 sqft |
2020-06-01 | 95 days | 1,902 sqft |
2020-07-01 | 77 days | 1,904 sqft |
2020-08-01 | 80 days | 1,872 sqft |
2020-09-01 | 77 days | 1,898 sqft |
2020-10-01 | 72 days | 1,900 sqft |
2020-11-01 | 72 days | 1,831 sqft |
2020-12-01 | 80 days | 1,767 sqft |
2021-01-01 | 91 days | 1,728 sqft |
2021-02-01 | 95 days | 1,616 sqft |
2021-03-01 | 83 days | 1,596 sqft |
2021-04-01 | 72 days | 1,592 sqft |
2021-05-01 | 49 days | 1,620 sqft |
2021-06-01 | 55 days | 1,711 sqft |
2021-07-01 | 57 days | 1,714 sqft |
2021-08-01 | 45 days | 1,714 sqft |
2021-09-01 | 53 days | 1,733 sqft |
2021-10-01 | 53 days | 1,673 sqft |
2021-11-01 | 56 days | 1,652 sqft |
2021-12-01 | 65 days | 1,651 sqft |
2022-01-01 | 79 days | 1,620 sqft |
2022-02-01 | 84 days | 1,608 sqft |
2022-03-01 | 66 days | 1,729 sqft |
2022-04-01 | 52 days | 1,817 sqft |
Huntington's median square footage for active listings during the 2022-04-01 period was 1,817 sqft. One year prior, the average listing was 1,592 sqft.