Kalispell FHA Loan Rates, Closing Costs & Stats
Kalispell, MT
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.
Kalispell's 29 lenders originated 142 FHA loans during 2023. The total origination value was $52,870,000, with an average FHA loan value of $372,324.
Kalispell FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Kalispell
averaged
0.02%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Kalispell's average FHA mortgage closing costs are $9,624.
The average rate for the prior week (2024-11-22) was
6.31% and
one month ago for the week of 2024-10-25, the
average rate was 6.39%.
The average rate one year ago was 6.98%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.2%.
Kalispell 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 Kalispell level.
The top Kalispell FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
22 FHA loans originated. Their average total fees are
$14,433, which is $1,101
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Kalispell FHA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC ($14,433), Plains Commerce Bank ($14,871), QUICKEN LOANS, LLC ($15,534), MANN FINANCIAL INC. ($16,015) and .
The lowest rate Kalispell FHA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.05%), QUICKEN LOANS, LLC (6.07%), Plains Commerce Bank (6.30%), MANN FINANCIAL INC. (6.51%) and .
Kalispell FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
KALISPELL, MT | FLATHEAD | 2022 | $441,600 | $565,300 | $683,350 | $849,250 |
KALISPELL, MT | FLATHEAD | 2023 | $553,150 | $708,150 | $855,950 | $1,063,750 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Kalispell (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 | $487,000 (7.2%) | $988,250 (10.4%) | 0.00 | 742 |
2018-02-01 | $499,200 (8.7%) | $992,656 (9.6%) | 0.00 | 724 |
2018-03-01 | $499,000 (7.1%) | $947,736 (2.6%) | 0.00 | 789 |
2018-04-01 | $499,500 (6.4%) | $977,061 (3.2%) | 0.00 | 810 |
2018-05-01 | $499,000 (3.5%) | $932,905 (-0.2%) | 0.00 | 919 |
2018-06-01 | $499,000 (4.6%) | $891,557 (-2.7%) | 0.00 | 1,093 |
2018-07-01 | $471,000 (-1.9%) | $839,881 (-8.1%) | 0.00 | 1,287 |
2018-08-01 | $449,950 (-7.9%) | $801,501 (-12.2%) | 0.00 | 1,387 |
2018-09-01 | $449,500 (-9.2%) | $795,547 (-13.7%) | 0.00 | 1,375 |
2018-10-01 | $449,000 (-9.0%) | $789,976 (-15.3%) | 0.00 | 1,298 |
2018-11-01 | $443,400 (-9.4%) | $753,472 (-20.4%) | 0.00 | 1,191 |
2018-12-01 | $435,000 (-9.6%) | $755,576 (-22.1%) | 0.00 | 1,106 |
2019-01-01 | $433,725 (-10.9%) | $774,019 (-21.7%) | 0.00 | 983 |
2019-02-01 | $437,225 (-12.4%) | $786,366 (-20.8%) | 0.00 | 892 |
2019-03-01 | $476,143 (-4.6%) | $844,343 (-10.9%) | 0.00 | 864 |
2019-04-01 | $499,000 (-0.1%) | $852,184 (-12.8%) | 0.00 | 899 |
2019-05-01 | $499,000 (0.0%) | $802,451 (-14.0%) | 0.00 | 1,022 |
2019-06-01 | $499,000 (0.0%) | $780,822 (-12.4%) | 0.00 | 1,119 |
2019-07-01 | $486,750 (3.3%) | $778,099 (-7.4%) | 0.00 | 1,196 |
2019-08-01 | $477,759 (6.2%) | $784,517 (-2.1%) | 0.00 | 1,167 |
2019-09-01 | $475,898 (5.9%) | $797,766 (0.3%) | 0.00 | 1,104 |
2019-10-01 | $474,225 (5.6%) | $812,914 (2.9%) | 0.00 | 1,039 |
2019-11-01 | $460,700 (3.9%) | $845,087 (12.2%) | 0.00 | 909 |
2019-12-01 | $449,900 (3.4%) | $876,759 (16.0%) | 0.00 | 828 |
2020-01-01 | $442,500 (2.0%) | $881,483 (13.9%) | 0.00 | 725 |
2020-02-01 | $439,900 (0.6%) | $883,388 (12.3%) | 0.00 | 649 |
2020-03-01 | $454,450 (-4.6%) | $874,678 (3.6%) | 0.00 | 676 |
2020-04-01 | $459,450 (-7.9%) | $831,365 (-2.4%) | 0.00 | 764 |
2020-05-01 | $489,000 (-2.0%) | $842,248 (5.0%) | 0.00 | 755 |
2020-06-01 | $499,000 (0.0%) | $851,005 (9.0%) | 0.00 | 738 |
2020-07-01 | $519,468 (6.7%) | $934,018 (20.0%) | 0.00 | 683 |
2020-08-01 | $497,700 (4.2%) | $912,998 (16.4%) | 0.00 | 658 |
2020-09-01 | $526,250 (10.6%) | $998,284 (25.1%) | 0.00 | 597 |
2020-10-01 | $489,000 (3.1%) | $1,017,014 (25.1%) | 0.00 | 512 |
2020-11-01 | $475,700 (3.3%) | $1,064,966 (26.0%) | 0.00 | 480 |
2020-12-01 | $448,500 (-0.3%) | $1,027,140 (17.2%) | 0.00 | 456 |
2021-01-01 | $439,000 (-0.8%) | $1,000,624 (13.5%) | 0.00 | 404 |
2021-02-01 | $405,975 (-7.7%) | $1,008,902 (14.2%) | 0.00 | 312 |
2021-03-01 | $464,725 (2.3%) | $1,046,870 (19.7%) | 0.00 | 319 |
2021-04-01 | $534,025 (16.2%) | $1,045,426 (25.8%) | 0.00 | 357 |
2021-05-01 | $599,773 (22.7%) | $1,078,425 (28.0%) | 0.00 | 399 |
2021-06-01 | $649,000 (30.1%) | $1,189,360 (39.8%) | 0.00 | 462 |
2021-07-01 | $699,000 (34.6%) | $1,223,672 (31.0%) | 0.00 | 554 |
2021-08-01 | $734,743 (47.6%) | $1,227,025 (34.4%) | 0.00 | 556 |
2021-09-01 | $725,000 (37.8%) | $1,242,841 (24.5%) | 0.00 | 578 |
2021-10-01 | $725,000 (48.3%) | $1,295,926 (27.4%) | 0.00 | 527 |
2021-11-01 | $699,824 (47.1%) | $1,284,562 (20.6%) | 0.00 | 462 |
2021-12-01 | $699,412 (55.9%) | $1,338,659 (30.3%) | 0.00 | 421 |
2022-01-01 | $499,900 (13.9%) | $1,213,913 (21.3%) | 0.00 | 419 |
2022-02-01 | $472,400 (16.4%) | $1,178,083 (16.8%) | 0.00 | 395 |
2022-03-01 | $487,900 (5.0%) | $1,191,091 (13.8%) | 0.00 | 394 |
2022-04-01 | $567,000 (6.2%) | $1,182,797 (13.1%) | 0.00 | 429 |
2022-05-01 | $629,750 (5.0%) | $1,234,416 (14.5%) | 0.00 | 510 |
2022-06-01 | $694,500 (7.0%) | $1,263,273 (6.2%) | 0.00 | 645 |
2022-07-01 | $749,000 (7.2%) | $1,273,131 (4.0%) | 0.00 | 847 |
2022-08-01 | $722,250 (-1.7%) | $1,233,345 (0.5%) | 0.00 | 917 |
2022-09-01 | $722,025 (-0.4%) | $1,278,589 (2.9%) | 0.00 | 859 |
2022-10-01 | $749,000 (3.3%) | $1,317,447 (1.7%) | 0.00 | 757 |
2022-11-01 | $707,475 (1.1%) | $1,299,176 (1.1%) | 0.00 | 727 |
2022-12-01 | $699,000 (-0.1%) | $1,318,276 (-1.5%) | 0.00 | 671 |
2023-01-01 | $713,500 (42.7%) | $1,387,449 (14.3%) | 0.00 | 634 |
2023-02-01 | $786,950 (66.6%) | $1,488,518 (26.4%) | 0.00 | 556 |
2023-03-01 | $842,500 (72.7%) | $1,583,347 (32.9%) | 0.00 | 487 |
2023-04-01 | $842,500 (48.6%) | $1,562,308 (32.1%) | 0.00 | 500 |
2023-05-01 | $872,000 (38.5%) | $1,585,494 (28.4%) | 0.00 | 578 |
2023-06-01 | $874,950 (26.0%) | $1,591,465 (26.0%) | 0.00 | 684 |
2023-07-01 | $895,000 (19.5%) | $1,596,016 (25.4%) | 0.00 | 762 |
2023-08-01 | $911,250 (26.2%) | $1,610,290 (30.6%) | 0.00 | 793 |
2023-09-01 | $905,000 (25.3%) | $1,619,327 (26.7%) | 0.00 | 818 |
2023-10-01 | $880,000 (17.5%) | $1,578,563 (19.8%) | 0.00 | 790 |
2023-11-01 | $867,500 (22.6%) | $1,560,553 (20.1%) | 0.00 | 726 |
2023-12-01 | $897,000 (28.3%) | $1,544,844 (17.2%) | 0.00 | 673 |
2024-01-01 | $894,400 (25.4%) | $1,593,839 (14.9%) | 0.00 | 599 |
2024-02-01 | $850,000 (8.0%) | $1,602,783 (7.7%) | 0.00 | 572 |
2024-03-01 | $850,000 (0.9%) | $1,635,861 (3.3%) | 0.00 | 609 |
2024-04-01 | $849,000 (0.8%) | $1,622,377 (3.8%) | 0.00 | 671 |
2024-05-01 | $866,450 (-0.6%) | $1,590,476 (0.3%) | 0.00 | 772 |
2024-06-01 | $885,000 (1.2%) | $1,582,312 (-0.6%) | 0.00 | 908 |
2024-07-01 | $875,000 (-2.2%) | $1,562,530 (-2.1%) | 0.00 | 1,003 |
2024-08-01 | $875,000 (-4.0%) | $1,542,192 (-4.2%) | 0.00 | 1,003 |
2024-09-01 | $868,950 (-4.0%) | $1,549,959 (-4.3%) | 0.00 | 974 |
2024-10-01 | $879,000 (-0.1%) | $1,559,304 (-1.2%) | 0.00 | 919 |
Kalispell's median listing price comes in at 0% of the national average.
Kalispell's average listing price for 2024-10-01 was $1,559,304, a difference of $-19,259 (-1.2%) versus the prior year and $9,345 versus the prior month.
For the 2024-10-01 period, Kalispell had 919 MLS listings, a difference of -55 listings (-6%) versus the prior month and 129 listings (16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Kalispell (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,481 sqft |
2018-02-01 | 0 days | 2,502 sqft |
2018-03-01 | 0 days | 2,451 sqft |
2018-04-01 | 0 days | 2,483 sqft |
2018-05-01 | 0 days | 2,444 sqft |
2018-06-01 | 0 days | 2,445 sqft |
2018-07-01 | 0 days | 2,323 sqft |
2018-08-01 | 0 days | 2,259 sqft |
2018-09-01 | 0 days | 2,265 sqft |
2018-10-01 | 0 days | 2,250 sqft |
2018-11-01 | 0 days | 2,181 sqft |
2018-12-01 | 0 days | 2,163 sqft |
2019-01-01 | 0 days | 2,113 sqft |
2019-02-01 | 0 days | 2,109 sqft |
2019-03-01 | 0 days | 2,209 sqft |
2019-04-01 | 0 days | 2,280 sqft |
2019-05-01 | 0 days | 2,338 sqft |
2019-06-01 | 0 days | 2,376 sqft |
2019-07-01 | 0 days | 2,293 sqft |
2019-08-01 | 0 days | 2,284 sqft |
2019-09-01 | 0 days | 2,259 sqft |
2019-10-01 | 0 days | 2,252 sqft |
2019-11-01 | 0 days | 2,250 sqft |
2019-12-01 | 0 days | 2,158 sqft |
2020-01-01 | 0 days | 2,131 sqft |
2020-02-01 | 0 days | 2,089 sqft |
2020-03-01 | 0 days | 2,102 sqft |
2020-04-01 | 0 days | 2,106 sqft |
2020-05-01 | 0 days | 2,160 sqft |
2020-06-01 | 0 days | 2,189 sqft |
2020-07-01 | 0 days | 2,199 sqft |
2020-08-01 | 0 days | 2,092 sqft |
2020-09-01 | 0 days | 2,110 sqft |
2020-10-01 | 0 days | 2,092 sqft |
2020-11-01 | 0 days | 2,055 sqft |
2020-12-01 | 0 days | 1,887 sqft |
2021-01-01 | 0 days | 1,722 sqft |
2021-02-01 | 0 days | 1,651 sqft |
2021-03-01 | 0 days | 1,721 sqft |
2021-04-01 | 0 days | 1,943 sqft |
2021-05-01 | 0 days | 1,936 sqft |
2021-06-01 | 0 days | 1,941 sqft |
2021-07-01 | 0 days | 1,948 sqft |
2021-08-01 | 0 days | 2,019 sqft |
2021-09-01 | 0 days | 2,103 sqft |
2021-10-01 | 0 days | 2,032 sqft |
2021-11-01 | 0 days | 2,022 sqft |
2021-12-01 | 0 days | 1,981 sqft |
2022-01-01 | 0 days | 1,542 sqft |
2022-02-01 | 0 days | 1,426 sqft |
2022-03-01 | 0 days | 1,469 sqft |
2022-04-01 | 0 days | 1,563 sqft |
2022-05-01 | 0 days | 1,657 sqft |
2022-06-01 | 0 days | 1,880 sqft |
2022-07-01 | 0 days | 1,916 sqft |
2022-08-01 | 0 days | 1,938 sqft |
2022-09-01 | 0 days | 1,882 sqft |
2022-10-01 | 0 days | 2,030 sqft |
2022-11-01 | 0 days | 2,028 sqft |
2022-12-01 | 0 days | 2,016 sqft |
2023-01-01 | 0 days | 2,010 sqft |
2023-02-01 | 0 days | 2,038 sqft |
2023-03-01 | 0 days | 2,092 sqft |
2023-04-01 | 0 days | 2,075 sqft |
2023-05-01 | 0 days | 2,167 sqft |
2023-06-01 | 0 days | 2,172 sqft |
2023-07-01 | 0 days | 2,175 sqft |
2023-08-01 | 0 days | 2,154 sqft |
2023-09-01 | 0 days | 2,157 sqft |
2023-10-01 | 0 days | 2,096 sqft |
2023-11-01 | 0 days | 2,084 sqft |
2023-12-01 | 0 days | 2,055 sqft |
2024-01-01 | 0 days | 2,062 sqft |
2024-02-01 | 0 days | 2,052 sqft |
2024-03-01 | 0 days | 2,026 sqft |
2024-04-01 | 0 days | 2,030 sqft |
2024-05-01 | 0 days | 2,051 sqft |
2024-06-01 | 0 days | 2,094 sqft |
2024-07-01 | 0 days | 2,156 sqft |
2024-08-01 | 0 days | 2,152 sqft |
2024-09-01 | 0 days | 2,154 sqft |
2024-10-01 | 0 days | 2,195 sqft |
Kalispell's median square footage for active listings during the 2024-10-01 period was 2,195 sqft. One year prior, the average listing was 2,096 sqft.