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 35 lenders originated 172 FHA loans during 2023. The total origination value was $48,870,000, with an average FHA loan value of $284,128.
Kingston FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Kingston
averaged
-0.26%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Kingston's average FHA mortgage closing costs are $9,109.
The average rate for the prior week (2024-11-22) was
6.53% and
one month ago for the week of 2024-10-25, the
average rate was 6.41%.
The average rate one year ago was 7.2%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.34%.
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
34 FHA loans originated. Their average total fees are
$14,145, which is $5,218
higher than the next largest lender,
HOMESTEAD FUNDING CORP..
The lowest fee Kingston FHA lenders (with over 10 loans originated) are
HOMESTEAD FUNDING CORP. ($8,927), UNITED WHOLESALE MORTGAGE, LLC ($13,970), QUICKEN LOANS, LLC ($14,145), PRIMELENDING, A PLAINSCAPITAL COMPANY ($16,713) and .
The lowest rate Kingston FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.32%), HOMESTEAD FUNDING CORP. (6.51%), UNITED WHOLESALE MORTGAGE, LLC (6.76%), PRIMELENDING, A PLAINSCAPITAL COMPANY (6.84%) and .
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 | $274,900 (15.0%) | $450,702 (19.6%) | 1.02 | 1,025 |
2018-02-01 | $267,225 (11.4%) | $443,991 (19.3%) | 0.97 | 986 |
2018-03-01 | $274,950 (14.7%) | $465,097 (25.4%) | 0.96 | 963 |
2018-04-01 | $299,000 (20.1%) | $505,794 (33.2%) | 1.01 | 824 |
2018-05-01 | $299,950 (15.4%) | $511,973 (33.7%) | 1.00 | 945 |
2018-06-01 | $306,950 (14.1%) | $498,242 (27.8%) | 1.02 | 1,095 |
2018-07-01 | $302,400 (12.0%) | $481,629 (18.5%) | 1.01 | 1,094 |
2018-08-01 | $307,200 (16.0%) | $474,445 (16.1%) | 1.03 | 1,074 |
2018-09-01 | $299,900 (11.8%) | $461,776 (11.3%) | 1.01 | 1,081 |
2018-10-01 | $299,900 (10.1%) | $479,059 (12.9%) | 1.02 | 1,071 |
2018-11-01 | $299,925 (9.1%) | $489,432 (13.4%) | 1.02 | 1,014 |
2018-12-01 | $299,000 (8.8%) | $476,249 (7.7%) | 1.03 | 942 |
2019-01-01 | $299,000 (8.8%) | $472,999 (5.0%) | 1.03 | 850 |
2019-02-01 | $299,450 (12.1%) | $484,276 (9.1%) | 1.01 | 817 |
2019-03-01 | $292,957 (6.6%) | $466,576 (0.3%) | 0.96 | 939 |
2019-04-01 | $285,957 (-4.4%) | $437,524 (-13.5%) | 0.91 | 1,136 |
2019-05-01 | $287,500 (-4.2%) | $434,373 (-15.2%) | 0.90 | 1,268 |
2019-06-01 | $349,000 (13.7%) | $499,640 (0.3%) | 1.09 | 1,010 |
2019-07-01 | $343,625 (13.6%) | $489,647 (1.7%) | 1.08 | 1,060 |
2019-08-01 | $338,636 (10.2%) | $483,812 (2.0%) | 1.07 | 1,077 |
2019-09-01 | $333,216 (11.1%) | $474,368 (2.7%) | 1.07 | 1,103 |
2019-10-01 | $329,000 (9.7%) | $466,685 (-2.6%) | 1.06 | 1,110 |
2019-11-01 | $324,999 (8.4%) | $466,680 (-4.7%) | 1.07 | 1,055 |
2019-12-01 | $324,950 (8.7%) | $466,427 (-2.1%) | 1.08 | 939 |
2020-01-01 | $327,000 (9.4%) | $458,638 (-3.0%) | 1.09 | 785 |
2020-02-01 | $327,000 (9.2%) | $457,663 (-5.5%) | 1.07 | 738 |
2020-03-01 | $344,900 (17.7%) | $473,018 (1.4%) | 1.08 | 791 |
2020-04-01 | $348,000 (21.7%) | $487,616 (11.5%) | 1.09 | 767 |
2020-05-01 | $349,900 (21.7%) | $498,020 (14.7%) | 1.06 | 707 |
2020-06-01 | $357,000 (2.3%) | $503,588 (0.8%) | 1.05 | 677 |
2020-07-01 | $362,500 (5.5%) | $508,953 (3.9%) | 1.05 | 743 |
2020-08-01 | $375,000 (10.7%) | $535,986 (10.8%) | 1.07 | 765 |
2020-09-01 | $384,683 (15.5%) | $534,260 (12.6%) | 1.10 | 818 |
2020-10-01 | $399,000 (21.3%) | $562,579 (20.6%) | 1.14 | 806 |
2020-11-01 | $400,000 (23.1%) | $589,841 (26.4%) | 1.17 | 707 |
2020-12-01 | $401,250 (23.5%) | $592,406 (27.0%) | 1.19 | 633 |
2021-01-01 | $409,000 (25.1%) | $600,256 (30.9%) | 1.22 | 542 |
2021-02-01 | $409,750 (25.3%) | $609,254 (33.1%) | 1.19 | 458 |
2021-03-01 | $405,000 (17.4%) | $616,487 (30.3%) | 1.15 | 429 |
2021-04-01 | $410,000 (17.8%) | $623,694 (27.9%) | 1.11 | 428 |
2021-05-01 | $399,950 (14.3%) | $606,528 (21.8%) | 1.06 | 469 |
2021-06-01 | $417,238 (16.9%) | $620,041 (23.1%) | 1.10 | 503 |
2021-07-01 | $434,450 (19.9%) | $654,179 (28.5%) | 1.15 | 536 |
2021-08-01 | $438,500 (16.9%) | $658,278 (22.8%) | 1.17 | 581 |
2021-09-01 | $427,450 (11.1%) | $664,361 (24.4%) | 1.14 | 601 |
2021-10-01 | $409,900 (2.7%) | $675,450 (20.1%) | 1.09 | 598 |
2021-11-01 | $412,500 (3.1%) | $670,424 (13.7%) | 1.10 | 547 |
2021-12-01 | $425,000 (5.9%) | $686,147 (15.8%) | 1.15 | 454 |
2022-01-01 | $439,450 (7.4%) | $715,344 (19.2%) | 1.19 | 366 |
2022-02-01 | $452,250 (10.4%) | $763,980 (25.4%) | 1.18 | 287 |
2022-03-01 | $449,675 (11.0%) | $713,973 (15.8%) | 1.13 | 286 |
2022-04-01 | $449,900 (9.7%) | $701,106 (12.4%) | 1.07 | 308 |
2022-05-01 | $454,500 (13.6%) | $687,421 (13.3%) | 1.04 | 374 |
2022-06-01 | $499,000 (19.6%) | $750,801 (21.1%) | 1.11 | 518 |
2022-07-01 | $499,225 (14.9%) | $743,820 (13.7%) | 1.12 | 615 |
2022-08-01 | $499,450 (13.9%) | $752,791 (14.4%) | 1.15 | 632 |
2022-09-01 | $499,000 (16.7%) | $744,961 (12.1%) | 1.17 | 632 |
2022-10-01 | $490,000 (19.5%) | $723,231 (7.1%) | 1.15 | 633 |
2022-11-01 | $499,000 (21.0%) | $726,178 (8.3%) | 1.20 | 607 |
2022-12-01 | $489,900 (15.3%) | $720,887 (5.1%) | 1.21 | 535 |
2023-01-01 | $468,725 (6.7%) | $676,348 (-5.5%) | 1.16 | 454 |
2023-02-01 | $488,000 (7.9%) | $678,094 (-11.2%) | 1.18 | 391 |
2023-03-01 | $479,500 (6.6%) | $671,698 (-5.9%) | 1.13 | 374 |
2023-04-01 | $499,000 (10.9%) | $751,826 (7.2%) | 1.16 | 397 |
2023-05-01 | $528,000 (16.2%) | $742,438 (8.0%) | 1.20 | 453 |
2023-06-01 | $569,000 (14.0%) | $782,814 (4.3%) | 1.28 | 486 |
2023-07-01 | $572,400 (14.7%) | $784,469 (5.5%) | 1.30 | 534 |
2023-08-01 | $557,450 (11.6%) | $779,435 (3.5%) | 1.28 | 558 |
2023-09-01 | $574,900 (15.2%) | $800,563 (7.5%) | 1.34 | 613 |
2023-10-01 | $562,000 (14.7%) | $801,021 (10.8%) | 1.32 | 603 |
2023-11-01 | $549,900 (10.2%) | $790,592 (8.9%) | 1.31 | 611 |
2023-12-01 | $575,000 (17.4%) | $824,805 (14.4%) | 1.40 | 488 |
2024-01-01 | $558,225 (19.1%) | $814,954 (20.5%) | 1.36 | 402 |
2024-02-01 | $557,175 (14.2%) | $813,681 (20.0%) | 1.34 | 398 |
2024-03-01 | $547,000 (14.1%) | $825,092 (22.8%) | 1.29 | 390 |
2024-04-01 | $549,925 (10.2%) | $813,079 (8.2%) | 1.28 | 424 |
2024-05-01 | $589,500 (11.7%) | $849,649 (14.4%) | 1.33 | 471 |
2024-06-01 | $599,000 (5.3%) | $883,871 (12.9%) | 1.35 | 559 |
2024-07-01 | $599,000 (4.7%) | $848,285 (8.1%) | 1.37 | 605 |
2024-08-01 | $589,000 (5.7%) | $808,293 (3.7%) | 1.37 | 585 |
2024-09-01 | $599,900 (4.4%) | $817,618 (2.1%) | 1.41 | 625 |
2024-10-01 | $595,725 (6.0%) | $828,717 (3.5%) | 1.40 | 685 |
Kingston's median listing price comes in at 140% of the national average.
Kingston's average listing price for 2024-10-01 was $828,717, a difference of $27,696 (3.5%) versus the prior year and $11,099 versus the prior month.
For the 2024-10-01 period, Kingston had 685 MLS listings, a difference of 60 listings (10%) versus the prior month and 82 listings (14%) 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 | 121 days | 1,917 sqft |
2018-02-01 | 122 days | 1,902 sqft |
2018-03-01 | 116 days | 1,920 sqft |
2018-04-01 | 86 days | 2,026 sqft |
2018-05-01 | 68 days | 2,044 sqft |
2018-06-01 | 58 days | 2,036 sqft |
2018-07-01 | 66 days | 1,996 sqft |
2018-08-01 | 74 days | 1,992 sqft |
2018-09-01 | 86 days | 1,957 sqft |
2018-10-01 | 87 days | 1,955 sqft |
2018-11-01 | 90 days | 2,000 sqft |
2018-12-01 | 99 days | 1,977 sqft |
2019-01-01 | 107 days | 1,999 sqft |
2019-02-01 | 113 days | 1,981 sqft |
2019-03-01 | 96 days | 1,906 sqft |
2019-04-01 | 73 days | 1,849 sqft |
2019-05-01 | 60 days | 1,851 sqft |
2019-06-01 | 58 days | 2,036 sqft |
2019-07-01 | 63 days | 2,014 sqft |
2019-08-01 | 73 days | 1,990 sqft |
2019-09-01 | 80 days | 1,968 sqft |
2019-10-01 | 86 days | 1,950 sqft |
2019-11-01 | 95 days | 1,956 sqft |
2019-12-01 | 104 days | 1,960 sqft |
2020-01-01 | 116 days | 1,980 sqft |
2020-02-01 | 115 days | 2,044 sqft |
2020-03-01 | 107 days | 2,051 sqft |
2020-04-01 | 91 days | 2,052 sqft |
2020-05-01 | 94 days | 2,052 sqft |
2020-06-01 | 66 days | 2,045 sqft |
2020-07-01 | 38 days | 2,023 sqft |
2020-08-01 | 44 days | 2,044 sqft |
2020-09-01 | 46 days | 2,023 sqft |
2020-10-01 | 52 days | 2,028 sqft |
2020-11-01 | 66 days | 2,069 sqft |
2020-12-01 | 86 days | 2,048 sqft |
2021-01-01 | 100 days | 2,061 sqft |
2021-02-01 | 103 days | 2,055 sqft |
2021-03-01 | 86 days | 1,993 sqft |
2021-04-01 | 64 days | 2,020 sqft |
2021-05-01 | 43 days | 1,985 sqft |
2021-06-01 | 43 days | 1,990 sqft |
2021-07-01 | 51 days | 2,045 sqft |
2021-08-01 | 57 days | 2,007 sqft |
2021-09-01 | 58 days | 1,969 sqft |
2021-10-01 | 66 days | 1,854 sqft |
2021-11-01 | 69 days | 1,859 sqft |
2021-12-01 | 79 days | 1,824 sqft |
2022-01-01 | 101 days | 1,854 sqft |
2022-02-01 | 108 days | 1,995 sqft |
2022-03-01 | 78 days | 1,924 sqft |
2022-04-01 | 40 days | 1,900 sqft |
2022-05-01 | 38 days | 1,892 sqft |
2022-06-01 | 35 days | 1,906 sqft |
2022-07-01 | 43 days | 1,980 sqft |
2022-08-01 | 57 days | 2,019 sqft |
2022-09-01 | 66 days | 2,020 sqft |
2022-10-01 | 67 days | 2,000 sqft |
2022-11-01 | 77 days | 2,054 sqft |
2022-12-01 | 87 days | 2,027 sqft |
2023-01-01 | 99 days | 1,965 sqft |
2023-02-01 | 106 days | 2,014 sqft |
2023-03-01 | 108 days | 2,020 sqft |
2023-04-01 | 59 days | 2,024 sqft |
2023-05-01 | 46 days | 2,005 sqft |
2023-06-01 | 45 days | 2,057 sqft |
2023-07-01 | 51 days | 2,059 sqft |
2023-08-01 | 59 days | 2,047 sqft |
2023-09-01 | 66 days | 2,051 sqft |
2023-10-01 | 65 days | 2,013 sqft |
2023-11-01 | 69 days | 1,998 sqft |
2023-12-01 | 79 days | 2,028 sqft |
2024-01-01 | 92 days | 2,044 sqft |
2024-02-01 | 95 days | 2,008 sqft |
2024-03-01 | 72 days | 1,962 sqft |
2024-04-01 | 57 days | 1,982 sqft |
2024-05-01 | 47 days | 1,996 sqft |
2024-06-01 | 40 days | 2,042 sqft |
2024-07-01 | 49 days | 2,075 sqft |
2024-08-01 | 60 days | 2,040 sqft |
2024-09-01 | 58 days | 2,066 sqft |
2024-10-01 | 52 days | 2,045 sqft |
Kingston's median square footage for active listings during the 2024-10-01 period was 2,045 sqft. One year prior, the average listing was 2,013 sqft.