Huntington FHA Loan Rates, Closing Costs & Stats
Huntington, IN
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 34 lenders originated 84 FHA loans during 2023. The total origination value was $14,770,000, with an average FHA loan value of $175,833.
Huntington FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Huntington
averaged
6.56%
for the week of 2024-12-13, compared to the national average (all FHA variants) of
6.277% for the same period.
Huntington's average FHA mortgage closing costs are $5,271.
The average rate for the prior week (2024-12-06) was
6.63% and
one month ago for the week of 2024-11-08, the
average rate was 6.49%.
The average rate one year ago was 6.8%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.08%.
Huntington 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 Huntington level.
The top Huntington FHA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
13 FHA loans originated. Their average total fees are
$4,904, which is $2,160
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Huntington FHA lenders (with over 10 loans originated) are
RUOFF MORTGAGE COMPANY, INC. ($4,904), QUICKEN LOANS, LLC ($7,065), .
The lowest rate Huntington FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.47%), RUOFF MORTGAGE COMPANY, INC. (7.10%), .
Huntington FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
HUNTINGTON, IN | HUNTINGTON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HUNTINGTON, IN | HUNTINGTON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
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 | $126,500 (58.3%) | $155,011 (28.8%) | 0.00 | 99 |
2018-02-01 | $112,436 (39.5%) | $151,288 (24.4%) | 0.00 | 98 |
2018-03-01 | $122,900 (46.1%) | $159,286 (27.6%) | 0.00 | 89 |
2018-04-01 | $123,150 (46.8%) | $166,051 (24.3%) | 0.00 | 89 |
2018-05-01 | $127,400 (50.1%) | $166,958 (24.6%) | 0.00 | 100 |
2018-06-01 | $114,900 (26.9%) | $156,673 (12.2%) | 0.00 | 110 |
2018-07-01 | $99,925 (9.5%) | $153,923 (6.6%) | 0.00 | 100 |
2018-08-01 | $128,425 (22.4%) | $168,752 (8.8%) | 0.00 | 98 |
2018-09-01 | $126,650 (10.1%) | $158,270 (-8.3%) | 0.00 | 108 |
2018-10-01 | $104,900 (-17.8%) | $148,555 (-18.4%) | 0.00 | 106 |
2018-11-01 | $94,700 (-25.2%) | $144,791 (-15.1%) | 0.00 | 97 |
2018-12-01 | $92,700 (-22.7%) | $148,382 (-3.2%) | 0.00 | 96 |
2019-01-01 | $106,150 (-16.1%) | $156,390 (0.9%) | 0.00 | 99 |
2019-02-01 | $134,695 (19.8%) | $164,452 (8.7%) | 0.00 | 93 |
2019-03-01 | $152,149 (23.8%) | $166,835 (4.7%) | 0.00 | 91 |
2019-04-01 | $158,593 (28.8%) | $167,899 (1.1%) | 0.00 | 96 |
2019-05-01 | $151,970 (19.3%) | $160,589 (-3.8%) | 0.00 | 105 |
2019-06-01 | $149,900 (30.5%) | $166,946 (6.6%) | 0.00 | 105 |
2019-07-01 | $149,950 (50.1%) | $183,355 (19.1%) | 0.00 | 107 |
2019-08-01 | $146,982 (14.5%) | $175,055 (3.7%) | 0.00 | 119 |
2019-09-01 | $142,605 (12.6%) | $167,126 (5.6%) | 0.00 | 128 |
2019-10-01 | $138,300 (31.8%) | $158,603 (6.8%) | 0.00 | 132 |
2019-11-01 | $132,000 (39.4%) | $153,874 (6.3%) | 0.00 | 122 |
2019-12-01 | $116,225 (25.4%) | $140,328 (-5.4%) | 0.00 | 122 |
2020-01-01 | $122,475 (15.4%) | $138,331 (-11.6%) | 0.00 | 93 |
2020-02-01 | $89,950 (-33.2%) | $119,992 (-27.0%) | 0.00 | 81 |
2020-03-01 | $98,400 (-35.3%) | $127,088 (-23.8%) | 0.00 | 92 |
2020-04-01 | $107,975 (-31.9%) | $134,040 (-20.2%) | 0.00 | 98 |
2020-05-01 | $119,900 (-21.1%) | $140,412 (-12.6%) | 0.00 | 92 |
2020-06-01 | $119,900 (-20.0%) | $139,780 (-16.3%) | 0.00 | 72 |
2020-07-01 | $114,200 (-23.8%) | $167,966 (-8.4%) | 0.00 | 57 |
2020-08-01 | $139,900 (-4.8%) | $203,312 (16.1%) | 0.00 | 47 |
2020-09-01 | $130,450 (-8.5%) | $218,793 (30.9%) | 0.00 | 48 |
2020-10-01 | $119,400 (-13.7%) | $213,823 (34.8%) | 0.00 | 50 |
2020-11-01 | $93,550 (-29.1%) | $184,502 (19.9%) | 0.00 | 49 |
2020-12-01 | $87,950 (-24.3%) | $174,055 (24.0%) | 0.00 | 39 |
2021-01-01 | $94,900 (-22.5%) | $193,066 (39.6%) | 0.00 | 26 |
2021-02-01 | $171,350 (90.5%) | $245,161 (104.3%) | 0.00 | 17 |
2021-03-01 | $212,175 (115.6%) | $283,115 (122.8%) | 0.00 | 19 |
2021-04-01 | $210,987 (95.4%) | $305,752 (128.1%) | 0.00 | 20 |
2021-05-01 | $160,000 (33.4%) | $247,493 (76.3%) | 0.00 | 20 |
2021-06-01 | $112,450 (-6.2%) | $205,052 (46.7%) | 0.00 | 30 |
2021-07-01 | $113,550 (-0.6%) | $206,618 (23.0%) | 0.00 | 38 |
2021-08-01 | $152,925 (9.3%) | $201,645 (-0.8%) | 0.00 | 45 |
2021-09-01 | $123,950 (-5.0%) | $202,472 (-7.5%) | 0.00 | 44 |
2021-10-01 | $113,450 (-5.0%) | $191,623 (-10.4%) | 0.00 | 47 |
2021-11-01 | $108,875 (16.4%) | $173,345 (-6.1%) | 0.00 | 51 |
2021-12-01 | $121,625 (38.3%) | $209,204 (20.2%) | 0.00 | 39 |
2022-01-01 | $145,000 (52.8%) | $217,672 (12.8%) | 0.00 | 31 |
2022-02-01 | $122,475 (-28.5%) | $209,012 (-14.8%) | 0.00 | 21 |
2022-03-01 | $148,625 (-30.0%) | $176,443 (-37.7%) | 0.00 | 15 |
2022-04-01 | $195,000 (-7.6%) | $200,728 (-34.4%) | 0.00 | 23 |
2022-05-01 | $220,967 (38.1%) | $328,495 (32.7%) | 0.00 | 27 |
2022-06-01 | $182,225 (62.1%) | $282,934 (38.0%) | 0.00 | 39 |
2022-07-01 | $162,411 (43.0%) | $296,510 (43.5%) | 0.00 | 39 |
2022-08-01 | $222,400 (45.4%) | $368,629 (82.8%) | 0.00 | 43 |
2022-09-01 | $197,450 (59.3%) | $357,825 (76.7%) | 0.00 | 46 |
2022-10-01 | $247,400 (118.1%) | $399,422 (108.4%) | 0.00 | 42 |
2022-11-01 | $264,400 (142.9%) | $409,244 (136.1%) | 0.00 | 38 |
2022-12-01 | $259,786 (113.6%) | $323,762 (54.8%) | 0.00 | 37 |
2023-01-01 | $250,172 (72.5%) | $272,280 (25.1%) | 0.00 | 24 |
2023-02-01 | $254,115 (107.5%) | $254,052 (21.6%) | 0.00 | 26 |
2023-03-01 | $254,115 (71.0%) | $282,272 (60.0%) | 0.00 | 30 |
2023-04-01 | $248,963 (27.7%) | $353,971 (76.3%) | 0.00 | 24 |
2023-05-01 | $198,750 (-10.1%) | $303,340 (-7.7%) | 0.00 | 30 |
2023-06-01 | $223,441 (22.6%) | $327,416 (15.7%) | 0.00 | 29 |
2023-07-01 | $224,900 (38.5%) | $238,130 (-19.7%) | 0.00 | 40 |
2023-08-01 | $208,700 (-6.2%) | $247,257 (-32.9%) | 0.00 | 43 |
2023-09-01 | $194,500 (-1.5%) | $227,673 (-36.4%) | 0.00 | 47 |
2023-10-01 | $183,500 (-25.8%) | $220,617 (-44.8%) | 0.00 | 56 |
2023-11-01 | $188,425 (-28.7%) | $225,991 (-44.8%) | 0.00 | 63 |
2023-12-01 | $230,000 (-11.5%) | $268,119 (-17.2%) | 0.00 | 54 |
2024-01-01 | $240,500 (-3.9%) | $264,729 (-2.8%) | 0.00 | 53 |
2024-02-01 | $243,177 (-4.3%) | $249,754 (-1.7%) | 0.00 | 51 |
2024-03-01 | $259,900 (2.3%) | $260,073 (-7.9%) | 0.00 | 43 |
2024-04-01 | $253,494 (1.8%) | $266,876 (-24.6%) | 0.00 | 40 |
2024-05-01 | $252,279 (26.9%) | $280,476 (-7.5%) | 0.00 | 49 |
2024-06-01 | $260,924 (16.8%) | $304,568 (-7.0%) | 0.00 | 50 |
2024-07-01 | $253,475 (12.7%) | $288,171 (21.0%) | 0.00 | 56 |
2024-08-01 | $242,400 (16.2%) | $289,005 (16.9%) | 0.00 | 65 |
2024-09-01 | $235,000 (20.8%) | $274,251 (20.5%) | 0.00 | 77 |
2024-10-01 | $235,450 (28.3%) | $268,205 (21.6%) | 0.00 | 78 |
2024-11-01 | $219,500 (16.5%) | $270,169 (19.6%) | 0.00 | 83 |
Huntington's median listing price comes in at 0% of the national average.
Huntington's average listing price for 2024-11-01 was $270,169, a difference of $44,178 (19.6%) versus the prior year and $1,964 versus the prior month.
For the 2024-11-01 period, Huntington had 83 MLS listings, a difference of 5 listings (6%) versus the prior month and 20 listings (32%) 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 | 0 days | 1,722 sqft |
2018-02-01 | 0 days | 1,686 sqft |
2018-03-01 | 0 days | 1,696 sqft |
2018-04-01 | 0 days | 1,737 sqft |
2018-05-01 | 0 days | 1,735 sqft |
2018-06-01 | 0 days | 1,645 sqft |
2018-07-01 | 0 days | 1,628 sqft |
2018-08-01 | 0 days | 1,742 sqft |
2018-09-01 | 0 days | 1,791 sqft |
2018-10-01 | 0 days | 1,769 sqft |
2018-11-01 | 0 days | 1,699 sqft |
2018-12-01 | 0 days | 1,699 sqft |
2019-01-01 | 0 days | 1,680 sqft |
2019-02-01 | 0 days | 1,747 sqft |
2019-03-01 | 0 days | 1,763 sqft |
2019-04-01 | 0 days | 1,763 sqft |
2019-05-01 | 0 days | 1,801 sqft |
2019-06-01 | 0 days | 1,811 sqft |
2019-07-01 | 0 days | 1,811 sqft |
2019-08-01 | 0 days | 1,811 sqft |
2019-09-01 | 0 days | 1,811 sqft |
2019-10-01 | 0 days | 1,811 sqft |
2019-11-01 | 0 days | 1,811 sqft |
2019-12-01 | 0 days | 1,737 sqft |
2020-01-01 | 0 days | 1,710 sqft |
2020-02-01 | 0 days | 1,534 sqft |
2020-03-01 | 0 days | 1,567 sqft |
2020-04-01 | 0 days | 1,541 sqft |
2020-05-01 | 0 days | 1,642 sqft |
2020-06-01 | 0 days | 1,614 sqft |
2020-07-01 | 0 days | 1,623 sqft |
2020-08-01 | 0 days | 1,717 sqft |
2020-09-01 | 0 days | 1,716 sqft |
2020-10-01 | 0 days | 1,564 sqft |
2020-11-01 | 0 days | 1,516 sqft |
2020-12-01 | 0 days | 1,406 sqft |
2021-01-01 | 0 days | 1,525 sqft |
2021-02-01 | 0 days | 1,707 sqft |
2021-03-01 | 0 days | 1,736 sqft |
2021-04-01 | 0 days | 1,732 sqft |
2021-05-01 | 0 days | 1,606 sqft |
2021-06-01 | 0 days | 1,691 sqft |
2021-07-01 | 0 days | 1,709 sqft |
2021-08-01 | 0 days | 1,744 sqft |
2021-09-01 | 0 days | 1,700 sqft |
2021-10-01 | 0 days | 1,606 sqft |
2021-11-01 | 0 days | 1,596 sqft |
2021-12-01 | 0 days | 1,745 sqft |
2022-01-01 | 0 days | 1,815 sqft |
2022-02-01 | 0 days | 1,641 sqft |
2022-03-01 | 0 days | 1,554 sqft |
2022-04-01 | 0 days | 1,655 sqft |
2022-05-01 | 0 days | 1,695 sqft |
2022-06-01 | 0 days | 1,794 sqft |
2022-07-01 | 0 days | 1,669 sqft |
2022-08-01 | 0 days | 1,882 sqft |
2022-09-01 | 0 days | 1,892 sqft |
2022-10-01 | 0 days | 1,932 sqft |
2022-11-01 | 0 days | 1,940 sqft |
2022-12-01 | 0 days | 1,772 sqft |
2023-01-01 | 0 days | 1,495 sqft |
2023-02-01 | 0 days | 1,511 sqft |
2023-03-01 | 0 days | 1,603 sqft |
2023-04-01 | 0 days | 1,539 sqft |
2023-05-01 | 0 days | 1,493 sqft |
2023-06-01 | 0 days | 1,798 sqft |
2023-07-01 | 0 days | 1,669 sqft |
2023-08-01 | 0 days | 1,627 sqft |
2023-09-01 | 0 days | 1,569 sqft |
2023-10-01 | 0 days | 1,574 sqft |
2023-11-01 | 0 days | 1,595 sqft |
2023-12-01 | 0 days | 1,641 sqft |
2024-01-01 | 0 days | 1,607 sqft |
2024-02-01 | 0 days | 1,562 sqft |
2024-03-01 | 0 days | 1,697 sqft |
2024-04-01 | 0 days | 1,875 sqft |
2024-05-01 | 0 days | 1,900 sqft |
2024-06-01 | 0 days | 1,916 sqft |
2024-07-01 | 0 days | 1,887 sqft |
2024-08-01 | 0 days | 1,890 sqft |
2024-09-01 | 0 days | 1,811 sqft |
2024-10-01 | 0 days | 1,777 sqft |
2024-11-01 | 0 days | 1,839 sqft |
Huntington's median square footage for active listings during the 2024-11-01 period was 1,839 sqft. One year prior, the average listing was 1,595 sqft.