Jackson FHA Loan Rates, Closing Costs & Stats
Jackson, 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.
Jackson's 34 lenders originated 99 FHA loans during 2023. The total origination value was $16,735,000, with an average FHA loan value of $169,040.
Jackson FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Jackson
averaged
6.3%
for the week of 2024-12-13, compared to the national average (all FHA variants) of
6.277% for the same period.
Jackson's average FHA mortgage closing costs are $7,102.
The average rate for the prior week (2024-12-06) was
6.37% and
one month ago for the week of 2024-11-08, the
average rate was 6.34%.
The average rate one year ago was 6.95%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.28%.
Jackson 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 Jackson level.
The top Jackson FHA lender as defined by loan originations is RAPID MORTGAGE COMPANY, with
20 FHA loans originated. Their average total fees are
$9,578, which is $616
higher than the next largest lender,
Paramount Residential Mortgage Group, Inc..
The lowest fee Jackson FHA lenders (with over 10 loans originated) are
Paramount Residential Mortgage Group, Inc. ($8,962), RAPID MORTGAGE COMPANY ($9,578), .
The lowest rate Jackson FHA lenders (with over 10 loans originated) are
Paramount Residential Mortgage Group, Inc. (6.60%), RAPID MORTGAGE COMPANY (7.16%), .
Jackson FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
JACKSON, OH | JACKSON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
JACKSON, OH | JACKSON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Jackson (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 | $105,300 (21.7%) | $148,400 (6.0%) | 0.00 | 145 |
2018-02-01 | $114,900 (22.7%) | $150,495 (5.1%) | 0.00 | 148 |
2018-03-01 | $119,500 (31.0%) | $153,672 (15.0%) | 0.00 | 157 |
2018-04-01 | $119,900 (26.3%) | $160,398 (10.8%) | 0.00 | 159 |
2018-05-01 | $117,300 (18.1%) | $177,184 (17.9%) | 0.00 | 157 |
2018-06-01 | $114,900 (6.9%) | $171,353 (14.5%) | 0.00 | 162 |
2018-07-01 | $114,900 (18.5%) | $167,774 (18.2%) | 0.00 | 159 |
2018-08-01 | $119,100 (17.8%) | $171,596 (16.2%) | 0.00 | 170 |
2018-09-01 | $119,000 (40.0%) | $169,904 (20.3%) | 0.00 | 173 |
2018-10-01 | $123,825 (19.0%) | $168,842 (10.8%) | 0.00 | 177 |
2018-11-01 | $122,388 (6.5%) | $171,601 (12.9%) | 0.00 | 171 |
2018-12-01 | $119,700 (19.8%) | $170,575 (16.0%) | 0.00 | 172 |
2019-01-01 | $111,800 (6.2%) | $155,190 (4.6%) | 0.00 | 158 |
2019-02-01 | $118,625 (3.2%) | $157,366 (4.6%) | 0.00 | 148 |
2019-03-01 | $122,043 (2.1%) | $168,663 (9.8%) | 0.00 | 133 |
2019-04-01 | $118,343 (-1.3%) | $177,587 (10.7%) | 0.00 | 120 |
2019-05-01 | $117,600 (0.3%) | $182,201 (2.8%) | 0.00 | 118 |
2019-06-01 | $124,900 (8.7%) | $178,201 (4.0%) | 0.00 | 130 |
2019-07-01 | $117,850 (2.6%) | $168,655 (0.5%) | 0.00 | 121 |
2019-08-01 | $115,245 (-3.2%) | $157,479 (-8.2%) | 0.00 | 118 |
2019-09-01 | $117,864 (-1.0%) | $147,752 (-13.0%) | 0.00 | 119 |
2019-10-01 | $119,900 (-3.2%) | $141,196 (-16.4%) | 0.00 | 122 |
2019-11-01 | $110,000 (-10.1%) | $146,369 (-14.7%) | 0.00 | 130 |
2019-12-01 | $119,900 (0.2%) | $179,658 (5.3%) | 0.00 | 108 |
2020-01-01 | $112,475 (0.6%) | $176,175 (13.5%) | 0.00 | 87 |
2020-02-01 | $110,000 (-7.3%) | $170,202 (8.2%) | 0.00 | 95 |
2020-03-01 | $128,925 (5.6%) | $183,922 (9.1%) | 0.00 | 97 |
2020-04-01 | $146,425 (23.7%) | $196,374 (10.6%) | 0.00 | 95 |
2020-05-01 | $154,450 (31.3%) | $200,431 (10.0%) | 0.00 | 84 |
2020-06-01 | $124,675 (-0.2%) | $180,448 (1.3%) | 0.00 | 80 |
2020-07-01 | $128,225 (8.8%) | $187,355 (11.1%) | 0.00 | 84 |
2020-08-01 | $149,900 (30.1%) | $223,494 (41.9%) | 0.00 | 93 |
2020-09-01 | $145,000 (23.0%) | $230,214 (55.8%) | 0.00 | 87 |
2020-10-01 | $143,700 (19.9%) | $215,713 (52.8%) | 0.00 | 85 |
2020-11-01 | $127,100 (15.6%) | $201,281 (37.5%) | 0.00 | 95 |
2020-12-01 | $126,750 (5.7%) | $202,793 (12.9%) | 0.00 | 101 |
2021-01-01 | $140,000 (24.5%) | $206,321 (17.1%) | 0.00 | 94 |
2021-02-01 | $157,750 (43.4%) | $214,087 (25.8%) | 0.00 | 83 |
2021-03-01 | $155,000 (20.2%) | $182,852 (-0.6%) | 0.00 | 76 |
2021-04-01 | $155,000 (5.9%) | $180,514 (-8.1%) | 0.00 | 61 |
2021-05-01 | $159,900 (3.5%) | $195,868 (-2.3%) | 0.00 | 52 |
2021-06-01 | $141,225 (13.3%) | $186,277 (3.2%) | 0.00 | 50 |
2021-07-01 | $154,000 (20.1%) | $187,363 (0.0%) | 0.00 | 56 |
2021-08-01 | $154,000 (2.7%) | $200,085 (-10.5%) | 0.00 | 62 |
2021-09-01 | $160,750 (10.9%) | $214,934 (-6.6%) | 0.00 | 60 |
2021-10-01 | $150,000 (4.4%) | $206,818 (-4.1%) | 0.00 | 66 |
2021-11-01 | $149,875 (17.9%) | $200,029 (-0.6%) | 0.00 | 62 |
2021-12-01 | $157,250 (24.1%) | $210,114 (3.6%) | 0.00 | 61 |
2022-01-01 | $157,000 (12.1%) | $209,079 (1.3%) | 0.00 | 56 |
2022-02-01 | $149,475 (-5.3%) | $212,972 (-0.5%) | 0.00 | 55 |
2022-03-01 | $158,000 (1.9%) | $227,173 (24.2%) | 0.00 | 50 |
2022-04-01 | $159,000 (2.6%) | $221,086 (22.5%) | 0.00 | 47 |
2022-05-01 | $172,750 (8.0%) | $233,374 (19.2%) | 0.00 | 50 |
2022-06-01 | $182,900 (29.5%) | $230,215 (23.6%) | 0.00 | 66 |
2022-07-01 | $199,000 (29.2%) | $248,638 (32.7%) | 0.00 | 64 |
2022-08-01 | $218,000 (41.6%) | $270,575 (35.2%) | 0.00 | 69 |
2022-09-01 | $205,375 (27.8%) | $252,409 (17.4%) | 0.00 | 79 |
2022-10-01 | $195,400 (30.3%) | $244,742 (18.3%) | 0.00 | 85 |
2022-11-01 | $224,000 (49.5%) | $244,318 (22.1%) | 0.00 | 96 |
2022-12-01 | $209,900 (33.5%) | $246,457 (17.3%) | 0.00 | 93 |
2023-01-01 | $190,900 (21.6%) | $242,988 (16.2%) | 0.00 | 79 |
2023-02-01 | $219,000 (46.5%) | $252,647 (18.6%) | 0.00 | 74 |
2023-03-01 | $217,975 (38.0%) | $262,848 (15.7%) | 0.00 | 67 |
2023-04-01 | $219,000 (37.7%) | $259,259 (17.3%) | 0.00 | 55 |
2023-05-01 | $237,450 (37.5%) | $265,962 (14.0%) | 0.00 | 63 |
2023-06-01 | $234,950 (28.5%) | $280,849 (22.0%) | 0.00 | 72 |
2023-07-01 | $229,000 (15.1%) | $275,894 (11.0%) | 0.00 | 76 |
2023-08-01 | $226,725 (4.0%) | $267,447 (-1.2%) | 0.00 | 75 |
2023-09-01 | $219,900 (7.1%) | $280,692 (11.2%) | 0.00 | 77 |
2023-10-01 | $229,950 (17.7%) | $302,990 (23.8%) | 0.00 | 72 |
2023-11-01 | $199,950 (-10.7%) | $294,634 (20.6%) | 0.00 | 70 |
2023-12-01 | $199,950 (-4.7%) | $292,725 (18.8%) | 0.00 | 61 |
2024-01-01 | $204,500 (7.1%) | $291,331 (19.9%) | 0.00 | 57 |
2024-02-01 | $202,950 (-7.3%) | $294,136 (16.4%) | 0.00 | 60 |
2024-03-01 | $199,900 (-8.3%) | $274,365 (4.4%) | 0.00 | 55 |
2024-04-01 | $207,950 (-5.1%) | $235,657 (-9.1%) | 0.00 | 68 |
2024-05-01 | $239,450 (0.8%) | $260,958 (-1.9%) | 0.00 | 74 |
2024-06-01 | $249,900 (6.4%) | $279,314 (-0.6%) | 0.00 | 78 |
2024-07-01 | $246,975 (7.9%) | $261,434 (-5.2%) | 0.00 | 81 |
2024-08-01 | $239,450 (5.6%) | $264,680 (-1.0%) | 0.00 | 80 |
2024-09-01 | $249,925 (13.7%) | $272,637 (-2.9%) | 0.00 | 91 |
2024-10-01 | $235,725 (2.5%) | $266,289 (-12.1%) | 0.00 | 95 |
2024-11-01 | $222,000 (11.0%) | $271,724 (-7.8%) | 0.00 | 87 |
Jackson's median listing price comes in at 0% of the national average.
Jackson's average listing price for 2024-11-01 was $271,724, a difference of $-22,910 (-7.8%) versus the prior year and $5,435 versus the prior month.
For the 2024-11-01 period, Jackson had 87 MLS listings, a difference of -8 listings (-8%) versus the prior month and 17 listings (24%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Jackson (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,511 sqft |
2018-02-01 | 0 days | 1,521 sqft |
2018-03-01 | 0 days | 1,524 sqft |
2018-04-01 | 0 days | 1,527 sqft |
2018-05-01 | 0 days | 1,537 sqft |
2018-06-01 | 0 days | 1,520 sqft |
2018-07-01 | 0 days | 1,513 sqft |
2018-08-01 | 0 days | 1,544 sqft |
2018-09-01 | 0 days | 1,544 sqft |
2018-10-01 | 0 days | 1,607 sqft |
2018-11-01 | 0 days | 1,633 sqft |
2018-12-01 | 0 days | 1,514 sqft |
2019-01-01 | 0 days | 1,507 sqft |
2019-02-01 | 0 days | 1,512 sqft |
2019-03-01 | 0 days | 1,566 sqft |
2019-04-01 | 0 days | 1,566 sqft |
2019-05-01 | 0 days | 1,574 sqft |
2019-06-01 | 0 days | 1,662 sqft |
2019-07-01 | 0 days | 1,628 sqft |
2019-08-01 | 0 days | 1,491 sqft |
2019-09-01 | 0 days | 1,494 sqft |
2019-10-01 | 0 days | 1,497 sqft |
2019-11-01 | 0 days | 1,528 sqft |
2019-12-01 | 0 days | 1,620 sqft |
2020-01-01 | 0 days | 1,603 sqft |
2020-02-01 | 0 days | 1,503 sqft |
2020-03-01 | 0 days | 1,556 sqft |
2020-04-01 | 0 days | 1,727 sqft |
2020-05-01 | 0 days | 1,680 sqft |
2020-06-01 | 0 days | 1,607 sqft |
2020-07-01 | 0 days | 1,536 sqft |
2020-08-01 | 0 days | 1,578 sqft |
2020-09-01 | 0 days | 1,619 sqft |
2020-10-01 | 0 days | 1,526 sqft |
2020-11-01 | 0 days | 1,526 sqft |
2020-12-01 | 0 days | 1,606 sqft |
2021-01-01 | 0 days | 1,622 sqft |
2021-02-01 | 0 days | 1,640 sqft |
2021-03-01 | 0 days | 1,589 sqft |
2021-04-01 | 0 days | 1,602 sqft |
2021-05-01 | 0 days | 1,634 sqft |
2021-06-01 | 0 days | 1,600 sqft |
2021-07-01 | 0 days | 1,637 sqft |
2021-08-01 | 0 days | 1,650 sqft |
2021-09-01 | 0 days | 1,658 sqft |
2021-10-01 | 0 days | 1,602 sqft |
2021-11-01 | 0 days | 1,597 sqft |
2021-12-01 | 0 days | 1,597 sqft |
2022-01-01 | 0 days | 1,590 sqft |
2022-02-01 | 0 days | 1,589 sqft |
2022-03-01 | 0 days | 1,516 sqft |
2022-04-01 | 0 days | 1,456 sqft |
2022-05-01 | 0 days | 1,542 sqft |
2022-06-01 | 0 days | 1,534 sqft |
2022-07-01 | 0 days | 1,563 sqft |
2022-08-01 | 0 days | 1,696 sqft |
2022-09-01 | 0 days | 1,580 sqft |
2022-10-01 | 0 days | 1,579 sqft |
2022-11-01 | 0 days | 1,671 sqft |
2022-12-01 | 0 days | 1,638 sqft |
2023-01-01 | 0 days | 1,637 sqft |
2023-02-01 | 0 days | 1,631 sqft |
2023-03-01 | 0 days | 1,654 sqft |
2023-04-01 | 0 days | 1,700 sqft |
2023-05-01 | 0 days | 1,699 sqft |
2023-06-01 | 0 days | 1,734 sqft |
2023-07-01 | 0 days | 1,796 sqft |
2023-08-01 | 0 days | 1,798 sqft |
2023-09-01 | 0 days | 1,774 sqft |
2023-10-01 | 0 days | 1,766 sqft |
2023-11-01 | 0 days | 1,605 sqft |
2023-12-01 | 0 days | 1,584 sqft |
2024-01-01 | 0 days | 1,613 sqft |
2024-02-01 | 0 days | 1,666 sqft |
2024-03-01 | 0 days | 1,680 sqft |
2024-04-01 | 0 days | 1,697 sqft |
2024-05-01 | 0 days | 1,730 sqft |
2024-06-01 | 0 days | 1,717 sqft |
2024-07-01 | 0 days | 1,722 sqft |
2024-08-01 | 0 days | 1,564 sqft |
2024-09-01 | 0 days | 1,652 sqft |
2024-10-01 | 0 days | 1,581 sqft |
2024-11-01 | 0 days | 1,527 sqft |
Jackson's median square footage for active listings during the 2024-11-01 period was 1,527 sqft. One year prior, the average listing was 1,605 sqft.