Kingston FHA Loan Rates, Closing Costs & Stats

KINGSTON, NY

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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.

    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 6.66% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Kingston's average FHA mortgage closing costs are $9,109.

    The average rate for the prior week (2025-02-07) was 6.37% and one month ago for the week of 2025-01-10, the average rate was 6.33%.

    The average rate one year ago was 6.26%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.86%.

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

    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.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 34 6.32% $14,145
    HOMESTEAD FUNDING CORP. 20 6.51% $8,927
    PRIMELENDING, A PLAINSCAPITAL COMPANY 13 6.84% $16,713
    UNITED WHOLESALE MORTGAGE, LLC 11 6.76% $13,970
    CROSSCOUNTRY MORTGAGE, LLC 8 6.69% $13,300
    PLAZA HOME MORTGAGE, INC. 6 6.58% $17,406
    Mr. Cooper ( Nationstar Mortgage ) 6 5.98% $20,033
    LOANDEPOT.COM, LLC 5 6.79% $9,817
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.56% $11,565
    PENNYMAC LOAN SERVICES, LLC 4 6.28% $11,943
    Carrington Mortgage Services, LLC 3 7.42% $12,409
    FREEDOM MORTGAGE CORPORATION 3 6.42% $18,868
    CALIBER HOME LOANS, INC. 3 6.92% $13,646
    NATIONWIDE MORTGAGE BANKERS, INC. 3 6.92% $17,045
    RELIANCE FIRST CAPITAL, LLC 3 6.79% $8,562
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.94% $8,986
    HUDSON VALLEY CREDIT UNION 2 6.75% $8,228
    FIRST ALLIANCE HOME MORTGAGE, LLC 2 7.13% $16,989
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.25% $18,635
    Mortgage Research Center, LLC 1 6.99% $16,213
    East Coast Capital Corp. 1 6.50% $17,687
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 7.00% $14,350
    NEWREZ LLC 1 6.75% $8,440
    CONTOUR MORTGAGE CORPORATION 1 6.75% $15,404
    Citizens Bank 1 5.63% $9,245
    BOND STREET MORTGAGE, LLC 1 6.49% $23,164
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.63% $19,358
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $10,917
    SEFCU SERVICES, LLC 1 6.38% $6,690
    Flagstar Bank, FSB 1 6.75% $10,130
    FM Home Loans, LLC 1 7.25% $13,235
    GUARANTEED RATE, INC. 1 6.75% $14,015
    The Federal Savings Bank 1 6.63% $19,943
    Ulster Savings Bank 1 7.13% $6,923
    EMBRACE HOME LOANS, INC. 1 6.25% $16,426

    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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $270,000 (13.0%) $448,366 (19.5%) 1.02 1,017
    2018-02-01 $267,000 (11.3%) $442,299 (19.4%) 0.97 976
    2018-03-01 $274,900 (14.8%) $463,324 (25.6%) 0.96 956
    2018-04-01 $299,000 (20.1%) $504,521 (33.3%) 1.01 812
    2018-05-01 $299,823 (15.3%) $510,830 (33.9%) 1.00 933
    2018-06-01 $300,000 (11.5%) $497,928 (28.2%) 1.02 1,079
    2018-07-01 $299,900 (11.1%) $480,424 (18.6%) 1.01 1,079
    2018-08-01 $304,500 (14.9%) $474,393 (16.5%) 1.03 1,060
    2018-09-01 $299,900 (11.9%) $462,726 (12.0%) 1.01 1,067
    2018-10-01 $299,900 (10.1%) $479,881 (13.5%) 1.02 1,059
    2018-11-01 $299,950 (9.7%) $490,454 (14.2%) 1.02 1,002
    2018-12-01 $299,000 (9.9%) $476,916 (8.4%) 1.03 931
    2019-01-01 $299,000 (10.7%) $473,687 (5.7%) 1.03 840
    2019-02-01 $299,450 (12.2%) $484,967 (9.7%) 1.01 809
    2019-03-01 $292,957 (6.6%) $466,868 (0.8%) 0.96 930
    2019-04-01 $284,975 (-4.7%) $437,441 (-13.3%) 0.91 1,127
    2019-05-01 $286,750 (-4.4%) $434,845 (-14.9%) 0.90 1,258
    2019-06-01 $349,000 (16.3%) $500,475 (0.5%) 1.09 1,000
    2019-07-01 $342,500 (14.2%) $489,837 (2.0%) 1.08 1,053
    2019-08-01 $337,000 (10.7%) $483,213 (1.9%) 1.07 1,068
    2019-09-01 $332,500 (10.9%) $472,171 (2.0%) 1.07 1,091
    2019-10-01 $327,000 (9.0%) $463,047 (-3.5%) 1.06 1,097
    2019-11-01 $324,900 (8.3%) $463,164 (-5.6%) 1.07 1,043
    2019-12-01 $324,950 (8.7%) $469,030 (-1.7%) 1.08 929
    2020-01-01 $328,450 (9.9%) $461,464 (-2.6%) 1.09 778
    2020-02-01 $329,000 (9.9%) $459,814 (-5.2%) 1.07 731
    2020-03-01 $344,900 (17.7%) $474,995 (1.7%) 1.08 784
    2020-04-01 $347,500 (21.9%) $488,827 (11.8%) 1.09 763
    2020-05-01 $349,900 (22.0%) $500,472 (15.1%) 1.06 700
    2020-06-01 $359,450 (3.0%) $499,261 (-0.2%) 1.05 670
    2020-07-01 $361,250 (5.5%) $504,182 (2.9%) 1.05 736
    2020-08-01 $375,000 (11.3%) $532,638 (10.2%) 1.07 758
    2020-09-01 $384,900 (15.8%) $531,634 (12.6%) 1.10 811
    2020-10-01 $399,000 (22.0%) $558,968 (20.7%) 1.14 801
    2020-11-01 $400,000 (23.1%) $586,008 (26.5%) 1.17 701
    2020-12-01 $402,500 (23.9%) $587,939 (25.4%) 1.19 628
    2021-01-01 $409,450 (24.7%) $595,685 (29.1%) 1.22 538
    2021-02-01 $409,000 (24.3%) $601,276 (30.8%) 1.19 453
    2021-03-01 $404,250 (17.2%) $608,032 (28.0%) 1.15 425
    2021-04-01 $411,000 (18.3%) $616,070 (26.0%) 1.11 425
    2021-05-01 $400,000 (14.3%) $600,383 (20.0%) 1.06 463
    2021-06-01 $418,475 (16.4%) $616,234 (23.4%) 1.10 493
    2021-07-01 $429,450 (18.9%) $649,230 (28.8%) 1.15 529
    2021-08-01 $438,750 (17.0%) $652,912 (22.6%) 1.17 576
    2021-09-01 $427,450 (11.1%) $660,258 (24.2%) 1.14 593
    2021-10-01 $404,900 (1.5%) $670,364 (19.9%) 1.09 591
    2021-11-01 $412,500 (3.1%) $664,852 (13.5%) 1.10 541
    2021-12-01 $423,500 (5.2%) $680,324 (15.7%) 1.15 448
    2022-01-01 $438,500 (7.1%) $708,048 (18.9%) 1.19 360
    2022-02-01 $449,999 (10.0%) $754,977 (25.6%) 1.18 280
    2022-03-01 $449,450 (11.2%) $705,986 (16.1%) 1.13 280
    2022-04-01 $449,999 (9.5%) $693,724 (12.6%) 1.07 304
    2022-05-01 $457,225 (14.3%) $683,079 (13.8%) 1.04 370
    2022-06-01 $499,000 (19.2%) $749,855 (21.7%) 1.11 513
    2022-07-01 $499,450 (16.3%) $742,620 (14.4%) 1.12 608
    2022-08-01 $499,700 (13.9%) $754,257 (15.5%) 1.15 628
    2022-09-01 $499,000 (16.7%) $746,395 (13.1%) 1.17 628
    2022-10-01 $495,167 (22.3%) $724,798 (8.1%) 1.15 630
    2022-11-01 $499,000 (21.0%) $726,191 (9.2%) 1.20 605
    2022-12-01 $489,900 (15.7%) $720,567 (5.9%) 1.21 534
    2023-01-01 $470,975 (7.4%) $677,275 (-4.4%) 1.16 452
    2023-02-01 $488,000 (8.4%) $679,518 (-10.0%) 1.18 388
    2023-03-01 $484,000 (7.7%) $673,740 (-4.6%) 1.13 372
    2023-04-01 $499,000 (10.9%) $753,891 (8.7%) 1.16 396
    2023-05-01 $526,000 (15.0%) $744,242 (9.0%) 1.20 448
    2023-06-01 $569,000 (14.0%) $784,849 (4.7%) 1.28 479
    2023-07-01 $569,450 (14.0%) $777,768 (4.7%) 1.30 527
    2023-08-01 $552,250 (10.5%) $778,860 (3.3%) 1.28 553
    2023-09-01 $574,900 (15.2%) $800,875 (7.3%) 1.34 609
    2023-10-01 $563,225 (13.7%) $801,980 (10.7%) 1.32 599
    2023-11-01 $549,950 (10.2%) $792,760 (9.2%) 1.31 606
    2023-12-01 $575,000 (17.4%) $827,321 (14.8%) 1.40 485
    2024-01-01 $561,200 (19.2%) $817,719 (20.7%) 1.36 399
    2024-02-01 $564,950 (15.8%) $817,166 (20.3%) 1.34 395
    2024-03-01 $549,000 (13.4%) $817,318 (21.3%) 1.29 387
    2024-04-01 $549,950 (10.2%) $806,502 (7.0%) 1.28 420
    2024-05-01 $592,000 (12.6%) $843,825 (13.4%) 1.33 469
    2024-06-01 $599,000 (5.3%) $863,377 (10.0%) 1.35 556
    2024-07-01 $599,000 (5.2%) $846,365 (8.8%) 1.37 597
    2024-08-01 $589,900 (6.8%) $805,867 (3.5%) 1.37 580
    2024-09-01 $599,900 (4.4%) $816,537 (2.0%) 1.41 616
    2024-10-01 $597,000 (6.0%) $820,287 (2.3%) 1.40 678
    2024-11-01 $562,500 (2.3%) $802,592 (1.2%) 1.36 659
    2024-12-01 $562,375 (-2.2%) $816,514 (-1.3%) 1.40 558
    2025-01-01 $546,000 (-2.7%) $824,608 (0.8%) 0.00 479
    Kingston's median listing price for 2025-01-01 was $546,000, a difference of $-15,200 (-2.7%) versus the prior year and $-16,375 versus the prior month.

    Kingston's median listing price comes in at 0% of the national average.

    Kingston's average listing price for 2025-01-01 was $824,608, a difference of $6,889 (0.8%) versus the prior year and $8,094 versus the prior month.

    For the 2025-01-01 period, Kingston had 479 MLS listings, a difference of -79 listings (-14%) versus the prior month and 80 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kingston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 121 days 1,911 sqft
    2018-02-01 122 days 1,890 sqft
    2018-03-01 116 days 1,919 sqft
    2018-04-01 86 days 2,026 sqft
    2018-05-01 68 days 2,048 sqft
    2018-06-01 58 days 2,041 sqft
    2018-07-01 66 days 1,999 sqft
    2018-08-01 74 days 1,999 sqft
    2018-09-01 86 days 1,957 sqft
    2018-10-01 87 days 1,953 sqft
    2018-11-01 90 days 2,000 sqft
    2018-12-01 99 days 1,975 sqft
    2019-01-01 107 days 1,992 sqft
    2019-02-01 113 days 1,979 sqft
    2019-03-01 96 days 1,903 sqft
    2019-04-01 73 days 1,849 sqft
    2019-05-01 60 days 1,852 sqft
    2019-06-01 58 days 2,035 sqft
    2019-07-01 63 days 2,016 sqft
    2019-08-01 73 days 1,990 sqft
    2019-09-01 80 days 1,965 sqft
    2019-10-01 86 days 1,945 sqft
    2019-11-01 95 days 1,951 sqft
    2019-12-01 104 days 1,957 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 2,051 sqft
    2020-05-01 94 days 2,051 sqft
    2020-06-01 66 days 2,047 sqft
    2020-07-01 38 days 2,019 sqft
    2020-08-01 44 days 2,030 sqft
    2020-09-01 46 days 2,021 sqft
    2020-10-01 52 days 2,028 sqft
    2020-11-01 66 days 2,065 sqft
    2020-12-01 86 days 2,039 sqft
    2021-01-01 100 days 2,050 sqft
    2021-02-01 103 days 2,033 sqft
    2021-03-01 86 days 1,990 sqft
    2021-04-01 64 days 2,018 sqft
    2021-05-01 43 days 1,980 sqft
    2021-06-01 43 days 1,990 sqft
    2021-07-01 51 days 2,032 sqft
    2021-08-01 57 days 1,999 sqft
    2021-09-01 58 days 1,952 sqft
    2021-10-01 66 days 1,836 sqft
    2021-11-01 69 days 1,840 sqft
    2021-12-01 79 days 1,805 sqft
    2022-01-01 101 days 1,838 sqft
    2022-02-01 108 days 1,961 sqft
    2022-03-01 78 days 1,908 sqft
    2022-04-01 40 days 1,900 sqft
    2022-05-01 38 days 1,883 sqft
    2022-06-01 35 days 1,899 sqft
    2022-07-01 43 days 1,979 sqft
    2022-08-01 57 days 2,017 sqft
    2022-09-01 66 days 2,020 sqft
    2022-10-01 67 days 2,000 sqft
    2022-11-01 77 days 2,040 sqft
    2022-12-01 87 days 2,029 sqft
    2023-01-01 99 days 1,974 sqft
    2023-02-01 106 days 2,018 sqft
    2023-03-01 108 days 2,025 sqft
    2023-04-01 59 days 2,027 sqft
    2023-05-01 46 days 2,005 sqft
    2023-06-01 45 days 2,053 sqft
    2023-07-01 51 days 2,054 sqft
    2023-08-01 59 days 2,045 sqft
    2023-09-01 66 days 2,051 sqft
    2023-10-01 65 days 2,017 sqft
    2023-11-01 69 days 2,000 sqft
    2023-12-01 79 days 2,043 sqft
    2024-01-01 92 days 2,079 sqft
    2024-02-01 95 days 2,034 sqft
    2024-03-01 72 days 1,967 sqft
    2024-04-01 57 days 2,000 sqft
    2024-05-01 47 days 1,993 sqft
    2024-06-01 40 days 2,034 sqft
    2024-07-01 49 days 2,078 sqft
    2024-08-01 60 days 2,040 sqft
    2024-09-01 58 days 2,067 sqft
    2024-10-01 52 days 2,042 sqft
    2024-11-01 61 days 2,007 sqft
    2024-12-01 79 days 1,997 sqft
    2025-01-01 0 days 1,900 sqft
    Kingston's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Kingston's median square footage for active listings during the 2025-01-01 period was 1,900 sqft. One year prior, the average listing was 2,079 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).