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%.

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

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.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 22 6.05% $14,433
QUICKEN LOANS, LLC 18 6.07% $15,534
MANN FINANCIAL INC. 17 6.51% $16,015
Plains Commerce Bank 13 6.30% $14,871
BAY EQUITY LLC 9 6.15% $13,998
CROSSCOUNTRY MORTGAGE, LLC 6 6.44% $14,377
Glacier Bank 5 5.85% $12,585
Barrington Bank & Trust Company, N.A. 5 7.03% $16,297
LAKEVIEW LOAN SERVICING, LLC 3 5.92% $21,136
Equity Prime Mortgage LLC 3 6.63% $14,252
AMERICAN FINANCING CORPORATION 2 6.56% $20,091
AMERISAVE MORTGAGE CORPORATION 2 6.00% $15,776
Century Mortgage Company DBA Century Lending Company 2 6.81% $25,367
FREEDOM MORTGAGE CORPORATION 1 7.25% $12,021
GUARANTEED RATE, INC. 1 5.65% $19,037
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.13% $20,423
Flagstar Bank, FSB 1 5.75% $13,175
CMG MORTGAGE, INC. 1 7.88% $11,537
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.13% $16,016
NEW DAY FINANCIAL, LLC 1 7.25% $7,768
Paramount Residential Mortgage Group, Inc. 1 6.75% $12,200
PENNYMAC LOAN SERVICES, LLC 1 5.99% $21,211
CARDINAL FINANCIAL 1 6.25% $12,686
PLANET HOME LENDING, LLC 1 6.75% $18,615
PLAZA HOME MORTGAGE, INC. 1 6.25% $9,521
CALCON MUTUAL MORTGAGE LLC 1 6.63% $24,440
SUMMIT FUNDING, INC. 1 6.75% $27,834
SUN WEST MORTGAGE COMPANY, INC. 1 6.63% $12,458
BROKER SOLUTIONS, INC. 1 6.25% $21,774

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. Louis
Date 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 for 2024-10-01 was $879,000, a difference of $-1,000 (-0.1%) versus the prior year and $10,050 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2024-10-01 was 0 days.

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.

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).