Kingston FHA Loan Rates, Closing Costs & Stats
KINGSTON, NY
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.
Kingston's 51 lenders originated 233 FHA loans during 2022. The total origination value was $66,895,000, with an average FHA loan value of $287,103.
Kingston FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Kingston
averaged
6.06%
for the week of 2023-05-26, compared to the national average (all FHA variants) of
6.612% for the same period.
Kingston's average FHA mortgage closing costs are $8,558.
The average rate for the prior week (2023-05-19) was
5.54% and
one month ago for the week of 2023-04-21, the
average rate was 5.78%.
The average rate one year ago was 4.79%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.07%.
Kingston 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 Kingston level.
The top Kingston FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
37 FHA loans originated. Their average total fees are
$10,384, which is $2,212
lower than the next largest lender,
PRIMELENDING, A PLAINSCAPITAL COMPANY.
The lowest fee Kingston FHA lenders (with over 10 loans originated) are
Ulster Savings Bank ($7,502), HOMESTEAD FUNDING CORP. ($7,751), QUICKEN LOANS, LLC ($10,384), UNITED WHOLESALE MORTGAGE, LLC ($11,074) and CALIBER HOME LOANS, INC. ($11,312).
The lowest rate Kingston FHA lenders (with over 10 loans originated) are
HOMESTEAD FUNDING CORP. (4.38%), QUICKEN LOANS, LLC (4.40%), CALIBER HOME LOANS, INC. (4.40%), PRIMELENDING, A PLAINSCAPITAL COMPANY (4.58%) and UNITED WHOLESALE MORTGAGE, LLC (4.69%).
Kingston FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
KINGSTON, NY | ULSTER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
KINGSTON, NY | ULSTER | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Kingston (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 | $269,975 (13.0%) | $450,544 (20.2%) | 1.00 | 1,024 |
2018-02-01 | $266,500 (11.1%) | $443,838 (20.0%) | 0.97 | 985 |
2018-03-01 | $274,900 (14.8%) | $464,945 (26.2%) | 0.96 | 962 |
2018-04-01 | $299,000 (20.1%) | $505,368 (33.9%) | 1.01 | 822 |
2018-05-01 | $299,947 (15.4%) | $511,307 (34.2%) | 1.00 | 941 |
2018-06-01 | $304,900 (13.6%) | $496,689 (27.9%) | 1.02 | 1,092 |
2018-07-01 | $299,925 (11.1%) | $479,890 (18.5%) | 1.00 | 1,092 |
2018-08-01 | $304,500 (15.2%) | $472,871 (16.2%) | 1.02 | 1,071 |
2018-09-01 | $299,900 (13.2%) | $460,615 (11.5%) | 1.01 | 1,076 |
2018-10-01 | $299,900 (11.2%) | $477,546 (12.8%) | 1.02 | 1,066 |
2018-11-01 | $299,900 (9.7%) | $487,345 (13.0%) | 1.02 | 1,010 |
2018-12-01 | $299,000 (9.9%) | $473,870 (7.3%) | 1.03 | 938 |
2019-01-01 | $299,000 (10.8%) | $470,729 (4.5%) | 1.03 | 844 |
2019-02-01 | $299,000 (12.2%) | $482,164 (8.6%) | 1.01 | 809 |
2019-03-01 | $279,000 (1.5%) | $432,842 (-0.1%) | 0.93 | 1,043 |
2019-04-01 | $284,900 (-4.7%) | $433,105 (-13.6%) | 0.90 | 1,131 |
2019-05-01 | $286,200 (-4.6%) | $434,288 (-15.1%) | 0.89 | 1,261 |
2019-06-01 | $347,500 (14.0%) | $499,787 (0.6%) | 1.09 | 1,006 |
2019-07-01 | $342,450 (14.2%) | $489,698 (2.0%) | 1.07 | 1,053 |
2019-08-01 | $339,000 (11.3%) | $492,703 (2.3%) | 1.06 | 1,082 |
2019-09-01 | $339,450 (13.2%) | $491,888 (3.0%) | 1.07 | 1,052 |
2019-10-01 | $327,500 (9.2%) | $466,654 (-2.3%) | 1.06 | 1,097 |
2019-11-01 | $319,950 (6.7%) | $466,593 (-4.3%) | 1.05 | 1,053 |
2019-12-01 | $321,050 (7.4%) | $467,330 (-1.4%) | 1.07 | 936 |
2020-01-01 | $327,000 (9.4%) | $459,832 (-2.3%) | 1.09 | 782 |
2020-02-01 | $325,000 (8.7%) | $458,756 (-4.9%) | 1.06 | 735 |
2020-03-01 | $339,675 (21.8%) | $474,108 (2.1%) | 1.06 | 787 |
2020-04-01 | $345,700 (21.3%) | $488,458 (11.9%) | 1.08 | 763 |
2020-05-01 | $349,900 (22.3%) | $499,659 (15.1%) | 1.06 | 702 |
2020-06-01 | $356,950 (2.7%) | $505,525 (1.2%) | 1.05 | 670 |
2020-07-01 | $359,900 (5.1%) | $510,421 (4.2%) | 1.04 | 735 |
2020-08-01 | $374,999 (10.6%) | $537,585 (11.1%) | 1.07 | 760 |
2020-09-01 | $384,683 (13.3%) | $534,944 (12.8%) | 1.10 | 813 |
2020-10-01 | $399,000 (21.8%) | $563,427 (20.7%) | 1.14 | 801 |
2020-11-01 | $400,000 (25.0%) | $590,818 (26.6%) | 1.17 | 702 |
2020-12-01 | $399,975 (24.6%) | $593,123 (26.9%) | 1.19 | 629 |
2021-01-01 | $407,000 (24.5%) | $601,007 (30.7%) | 1.21 | 540 |
2021-02-01 | $408,500 (25.7%) | $609,636 (32.9%) | 1.19 | 455 |
2021-03-01 | $404,974 (19.2%) | $617,301 (30.2%) | 1.15 | 427 |
2021-04-01 | $410,000 (18.6%) | $623,805 (27.7%) | 1.11 | 427 |
2021-05-01 | $399,900 (14.3%) | $606,528 (21.4%) | 1.06 | 468 |
2021-06-01 | $417,238 (16.9%) | $620,041 (22.7%) | 1.10 | 502 |
2021-07-01 | $429,000 (19.2%) | $654,567 (28.2%) | 1.13 | 534 |
2021-08-01 | $436,000 (16.3%) | $658,731 (22.5%) | 1.16 | 578 |
2021-09-01 | $424,500 (10.4%) | $664,272 (24.2%) | 1.13 | 597 |
2021-10-01 | $402,450 (0.9%) | $674,504 (19.7%) | 1.07 | 595 |
2021-11-01 | $412,500 (3.1%) | $669,524 (13.3%) | 1.10 | 544 |
2021-12-01 | $425,000 (6.3%) | $684,945 (15.5%) | 1.15 | 451 |
2022-01-01 | $438,500 (7.7%) | $714,045 (18.8%) | 1.19 | 364 |
2022-02-01 | $456,750 (11.8%) | $763,532 (25.2%) | 1.19 | 288 |
2022-03-01 | $449,700 (11.0%) | $713,810 (15.6%) | 1.13 | 287 |
2022-04-01 | $449,999 (9.8%) | $700,991 (12.4%) | 1.07 | 309 |
2022-05-01 | $457,000 (14.3%) | $686,723 (13.2%) | 1.04 | 376 |
2022-06-01 | $499,000 (19.6%) | $754,850 (21.7%) | 1.11 | 521 |
2022-07-01 | $499,700 (16.5%) | $747,581 (14.2%) | 1.13 | 618 |
2022-08-01 | $499,900 (14.7%) | $757,514 (15.0%) | 1.15 | 636 |
2022-09-01 | $499,000 (17.6%) | $747,164 (12.5%) | 1.17 | 635 |
2022-10-01 | $495,167 (23.0%) | $726,616 (7.7%) | 1.17 | 635 |
2022-11-01 | $499,000 (21.0%) | $729,740 (9.0%) | 1.20 | 609 |
2022-12-01 | $489,900 (15.3%) | $721,884 (5.4%) | 1.21 | 536 |
2023-01-01 | $474,475 (8.2%) | $677,799 (-5.1%) | 1.17 | 455 |
2023-02-01 | $489,000 (7.1%) | $679,979 (-10.9%) | 1.18 | 390 |
2023-03-01 | $479,500 (6.6%) | $671,698 (-5.9%) | 1.13 | 373 |
2023-04-01 | $499,000 (10.9%) | $751,826 (0.0%) | 1.16 | 396 |
Kingston's median listing price comes in at 116% of the national average.
Kingston's average listing price for 2023-04-01 was $751,826, a difference of $50,835 (0.0%) versus the prior year and $80,128 versus the prior month.
For the 2023-04-01 period, Kingston had 396 MLS listings, a difference of 23 listings (6%) versus the prior month and 87 listings (28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Kingston (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 128 days | 1,918 sqft |
2018-02-01 | 130 days | 1,898 sqft |
2018-03-01 | 126 days | 1,920 sqft |
2018-04-01 | 94 days | 2,024 sqft |
2018-05-01 | 73 days | 2,039 sqft |
2018-06-01 | 62 days | 2,030 sqft |
2018-07-01 | 70 days | 1,985 sqft |
2018-08-01 | 79 days | 1,988 sqft |
2018-09-01 | 91 days | 1,957 sqft |
2018-10-01 | 94 days | 1,954 sqft |
2018-11-01 | 97 days | 2,000 sqft |
2018-12-01 | 107 days | 1,968 sqft |
2019-01-01 | 115 days | 1,980 sqft |
2019-02-01 | 120 days | 1,977 sqft |
2019-03-01 | 108 days | 1,847 sqft |
2019-04-01 | 79 days | 1,849 sqft |
2019-05-01 | 65 days | 1,851 sqft |
2019-06-01 | 63 days | 2,035 sqft |
2019-07-01 | 67 days | 2,009 sqft |
2019-08-01 | 80 days | 2,039 sqft |
2019-09-01 | 89 days | 2,027 sqft |
2019-10-01 | 90 days | 1,949 sqft |
2019-11-01 | 99 days | 1,958 sqft |
2019-12-01 | 107 days | 1,963 sqft |
2020-01-01 | 120 days | 1,983 sqft |
2020-02-01 | 117 days | 2,046 sqft |
2020-03-01 | 112 days | 2,056 sqft |
2020-04-01 | 98 days | 2,051 sqft |
2020-05-01 | 100 days | 2,052 sqft |
2020-06-01 | 79 days | 2,043 sqft |
2020-07-01 | 40 days | 2,016 sqft |
2020-08-01 | 46 days | 2,035 sqft |
2020-09-01 | 49 days | 2,022 sqft |
2020-10-01 | 54 days | 2,026 sqft |
2020-11-01 | 67 days | 2,066 sqft |
2020-12-01 | 88 days | 2,041 sqft |
2021-01-01 | 102 days | 2,057 sqft |
2021-02-01 | 106 days | 2,048 sqft |
2021-03-01 | 92 days | 1,990 sqft |
2021-04-01 | 66 days | 2,028 sqft |
2021-05-01 | 45 days | 1,984 sqft |
2021-06-01 | 45 days | 1,990 sqft |
2021-07-01 | 52 days | 2,038 sqft |
2021-08-01 | 58 days | 2,002 sqft |
2021-09-01 | 60 days | 1,964 sqft |
2021-10-01 | 70 days | 1,840 sqft |
2021-11-01 | 72 days | 1,858 sqft |
2021-12-01 | 81 days | 1,821 sqft |
2022-01-01 | 102 days | 1,844 sqft |
2022-02-01 | 109 days | 2,004 sqft |
2022-03-01 | 79 days | 1,930 sqft |
2022-04-01 | 41 days | 1,912 sqft |
2022-05-01 | 39 days | 1,899 sqft |
2022-06-01 | 37 days | 1,912 sqft |
2022-07-01 | 44 days | 1,993 sqft |
2022-08-01 | 58 days | 2,028 sqft |
2022-09-01 | 68 days | 2,047 sqft |
2022-10-01 | 68 days | 2,016 sqft |
2022-11-01 | 79 days | 2,069 sqft |
2022-12-01 | 89 days | 2,033 sqft |
2023-01-01 | 101 days | 1,992 sqft |
2023-02-01 | 110 days | 2,024 sqft |
2023-03-01 | 113 days | 2,025 sqft |
2023-04-01 | 61 days | 2,027 sqft |
Kingston's median square footage for active listings during the 2023-04-01 period was 2,027 sqft. One year prior, the average listing was 1,912 sqft.