Kalispell FHA Loan Rates, Closing Costs & Stats

Kalispell, MT

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    • 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 -0.18% for the week of 2024-11-15, 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 (2024-11-08) was 6.23% and one month ago for the week of 2024-10-11, the average rate was 6.23%.

    The average rate one year ago was 7.18%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.1%.

    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).