La Grande FHA Loan Rates, Closing Costs & Stats
La Grande, OR
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.
La Grande's 21 lenders originated 58 FHA loans during 2023. The total origination value was $14,230,000, with an average FHA loan value of $245,345.
La Grande FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in La Grande
averaged
0.24%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
La Grande's average FHA mortgage closing costs are $8,303.
The average rate for the prior week (2024-11-22) was
6.83% and
one month ago for the week of 2024-10-25, the
average rate was 6.61%.
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 0.1%.
La Grande 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 La Grande level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
MANN FINANCIAL INC. | 13 | 6.51% | $9,812 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 12 | 6.78% | $11,377 |
UNITED WHOLESALE MORTGAGE, LLC | 7 | 6.41% | $12,033 |
Umpqua Bank | 2 | 6.19% | $12,949 |
NATIONS DIRECT MORTGAGE, LLC | 2 | 7.06% | $10,514 |
U.S. Bank | 2 | 7.50% | $9,330 |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | 2 | 6.38% | $7,935 |
Banner Bank | 2 | 6.38% | $10,813 |
M&T Bank | 1 | 6.75% | $7,897 |
NEWREZ LLC | 1 | 6.50% | $11,302 |
PHH Mortgage Corporation | 1 | 5.49% | $21,524 |
QUICKEN LOANS, LLC | 1 | 6.49% | $5,276 |
TJC Mortgage, Inc. | 1 | 6.50% | $12,325 |
MOVEMENT MORTGAGE, LLC | 1 | 7.25% | $9,730 |
CANOPY MORTGAGE, LLC | 1 | 7.25% | $12,636 |
EVERGREEN MONEYSOURCE MORTGAGE COMPANY | 1 | 6.63% | $17,706 |
GUILD MORTGAGE COMPANY | 1 | 6.50% | $10,960 |
JMJ FINANCIAL GROUP | 1 | 5.75% | $18,586 |
LOANDEPOT.COM, LLC | 1 | 6.38% | $10,319 |
AMERICAN FINANCIAL RESOURCES, INC. | 1 | 7.25% | $6,569 |
Mr. Cooper ( Nationstar Mortgage ) | 1 | 5.75% | $10,471 |
The top La Grande FHA lender as defined by loan originations is MANN FINANCIAL INC., with
13 FHA loans originated. Their average total fees are
$9,812, which is $1,564
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee La Grande FHA lenders (with over 10 loans originated) are
MANN FINANCIAL INC. ($9,812), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($11,377), .
The lowest rate La Grande FHA lenders (with over 10 loans originated) are
MANN FINANCIAL INC. (6.51%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.78%), .
La Grande FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
LA GRANDE, OR | UNION | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
LA GRANDE, OR | UNION | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - La Grande (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 | $237,925 (-8.5%) | $346,232 (0.8%) | 0.00 | 76 |
2018-02-01 | $254,950 (0.0%) | $373,800 (4.7%) | 0.00 | 68 |
2018-03-01 | $249,000 (-7.8%) | $374,451 (1.0%) | 0.00 | 71 |
2018-04-01 | $279,125 (5.3%) | $428,410 (16.3%) | 0.00 | 72 |
2018-05-01 | $276,950 (2.1%) | $416,206 (12.2%) | 0.00 | 78 |
2018-06-01 | $275,000 (5.9%) | $415,301 (19.8%) | 0.00 | 82 |
2018-07-01 | $265,000 (-6.8%) | $337,652 (-12.6%) | 0.00 | 84 |
2018-08-01 | $266,425 (-2.1%) | $353,273 (-3.9%) | 0.00 | 87 |
2018-09-01 | $291,250 (9.9%) | $366,306 (3.9%) | 0.00 | 73 |
2018-10-01 | $285,000 (6.7%) | $356,457 (3.6%) | 0.00 | 76 |
2018-11-01 | $287,500 (5.2%) | $370,146 (2.3%) | 0.00 | 70 |
2018-12-01 | $277,450 (17.6%) | $361,084 (5.7%) | 0.00 | 67 |
2019-01-01 | $274,950 (15.6%) | $363,875 (5.1%) | 0.00 | 65 |
2019-02-01 | $279,975 (9.8%) | $369,768 (-1.1%) | 0.00 | 61 |
2019-03-01 | $277,829 (11.6%) | $365,886 (-2.3%) | 0.00 | 65 |
2019-04-01 | $275,354 (-1.4%) | $365,493 (-14.7%) | 0.00 | 74 |
2019-05-01 | $278,450 (0.5%) | $369,002 (-11.3%) | 0.00 | 80 |
2019-06-01 | $269,900 (-1.9%) | $376,626 (-9.3%) | 0.00 | 93 |
2019-07-01 | $278,000 (4.9%) | $383,276 (13.5%) | 0.00 | 89 |
2019-08-01 | $273,427 (2.6%) | $395,241 (11.9%) | 0.00 | 87 |
2019-09-01 | $268,068 (-8.0%) | $412,465 (12.6%) | 0.00 | 83 |
2019-10-01 | $263,900 (-7.4%) | $365,435 (2.5%) | 0.00 | 78 |
2019-11-01 | $263,900 (-8.2%) | $306,581 (-17.2%) | 0.00 | 65 |
2019-12-01 | $244,748 (-11.8%) | $279,488 (-22.6%) | 0.00 | 60 |
2020-01-01 | $242,975 (-11.6%) | $268,671 (-26.2%) | 0.00 | 52 |
2020-02-01 | $240,000 (-14.3%) | $258,361 (-30.1%) | 0.00 | 46 |
2020-03-01 | $213,500 (-23.2%) | $251,736 (-31.2%) | 0.00 | 44 |
2020-04-01 | $219,000 (-20.5%) | $251,954 (-31.1%) | 0.00 | 46 |
2020-05-01 | $239,995 (-13.8%) | $257,745 (-30.2%) | 0.00 | 42 |
2020-06-01 | $253,000 (-6.3%) | $324,508 (-13.8%) | 0.00 | 34 |
2020-07-01 | $280,298 (0.8%) | $315,990 (-17.6%) | 0.00 | 37 |
2020-08-01 | $254,900 (-6.8%) | $327,799 (-17.1%) | 0.00 | 34 |
2020-09-01 | $234,500 (-12.5%) | $309,178 (-25.0%) | 0.00 | 31 |
2020-10-01 | $262,500 (-0.5%) | $364,688 (-0.2%) | 0.00 | 22 |
2020-11-01 | $245,400 (-7.0%) | $345,059 (12.6%) | 0.00 | 21 |
2020-12-01 | $231,200 (-5.5%) | $317,749 (13.7%) | 0.00 | 24 |
2021-01-01 | $261,700 (7.7%) | $334,159 (24.4%) | 0.00 | 22 |
2021-02-01 | $286,325 (19.3%) | $356,821 (38.1%) | 0.00 | 15 |
2021-03-01 | $289,750 (35.7%) | $373,427 (48.3%) | 0.00 | 17 |
2021-04-01 | $269,000 (22.8%) | $429,227 (70.4%) | 0.00 | 18 |
2021-05-01 | $385,000 (60.4%) | $468,458 (81.8%) | 0.00 | 22 |
2021-06-01 | $332,125 (31.3%) | $417,841 (28.8%) | 0.00 | 32 |
2021-07-01 | $350,000 (24.9%) | $415,479 (31.5%) | 0.00 | 26 |
2021-08-01 | $349,500 (37.1%) | $395,544 (20.7%) | 0.00 | 24 |
2021-09-01 | $271,375 (15.7%) | $324,540 (5.0%) | 0.00 | 38 |
2021-10-01 | $285,000 (8.6%) | $326,684 (-10.4%) | 0.00 | 37 |
2021-11-01 | $290,000 (18.2%) | $354,038 (2.6%) | 0.00 | 24 |
2021-12-01 | $277,750 (20.1%) | $330,011 (3.9%) | 0.00 | 23 |
2022-01-01 | $263,450 (0.7%) | $314,548 (-5.9%) | 0.00 | 20 |
2022-02-01 | $303,825 (6.1%) | $338,808 (-5.1%) | 0.00 | 17 |
2022-03-01 | $282,225 (-2.6%) | $338,245 (-9.4%) | 0.00 | 16 |
2022-04-01 | $315,000 (17.1%) | $372,005 (-13.3%) | 0.00 | 22 |
2022-05-01 | $375,625 (-2.4%) | $447,453 (-4.5%) | 0.00 | 33 |
2022-06-01 | $330,950 (-0.4%) | $634,533 (51.9%) | 0.00 | 50 |
2022-07-01 | $329,900 (-5.7%) | $618,278 (48.8%) | 0.00 | 51 |
2022-08-01 | $319,000 (-8.7%) | $646,417 (63.4%) | 0.00 | 45 |
2022-09-01 | $327,500 (20.7%) | $653,027 (101.2%) | 0.00 | 52 |
2022-10-01 | $380,000 (33.3%) | $722,243 (121.1%) | 0.00 | 51 |
2022-11-01 | $377,225 (30.1%) | $737,357 (108.3%) | 0.00 | 50 |
2022-12-01 | $344,500 (24.0%) | $538,265 (63.1%) | 0.00 | 41 |
2023-01-01 | $343,200 (30.3%) | $520,279 (65.4%) | 0.00 | 40 |
2023-02-01 | $371,000 (22.1%) | $553,850 (63.5%) | 0.00 | 39 |
2023-03-01 | $410,250 (45.4%) | $601,412 (77.8%) | 0.00 | 37 |
2023-04-01 | $375,000 (19.1%) | $593,441 (59.5%) | 0.00 | 40 |
2023-05-01 | $361,625 (-3.7%) | $572,484 (27.9%) | 0.00 | 32 |
2023-06-01 | $377,500 (14.1%) | $818,312 (29.0%) | 0.00 | 38 |
2023-07-01 | $375,000 (13.7%) | $781,240 (26.4%) | 0.00 | 45 |
2023-08-01 | $429,750 (34.7%) | $753,596 (16.6%) | 0.00 | 50 |
2023-09-01 | $370,000 (13.0%) | $688,008 (5.4%) | 0.00 | 61 |
2023-10-01 | $351,750 (-7.4%) | $680,977 (-5.7%) | 0.00 | 57 |
2023-11-01 | $323,875 (-14.1%) | $658,579 (-10.7%) | 0.00 | 55 |
2023-12-01 | $298,950 (-13.2%) | $630,387 (17.1%) | 0.00 | 47 |
2024-01-01 | $326,000 (-5.0%) | $702,009 (34.9%) | 0.00 | 40 |
2024-02-01 | $359,625 (-3.1%) | $739,046 (33.4%) | 0.00 | 40 |
2024-03-01 | $395,750 (-3.5%) | $716,865 (19.2%) | 0.00 | 46 |
2024-04-01 | $393,950 (5.1%) | $694,182 (17.0%) | 0.00 | 48 |
2024-05-01 | $385,900 (6.7%) | $695,201 (21.4%) | 0.00 | 59 |
2024-06-01 | $400,000 (6.0%) | $712,916 (-12.9%) | 0.00 | 55 |
2024-07-01 | $385,900 (2.9%) | $683,387 (-12.5%) | 0.00 | 56 |
2024-08-01 | $385,900 (-10.2%) | $667,501 (-11.4%) | 0.00 | 56 |
2024-09-01 | $390,725 (5.6%) | $657,322 (-4.5%) | 0.00 | 64 |
2024-10-01 | $388,500 (10.5%) | $806,707 (18.5%) | 0.00 | 59 |
La Grande's median listing price comes in at 0% of the national average.
La Grande's average listing price for 2024-10-01 was $806,707, a difference of $125,730 (18.5%) versus the prior year and $149,385 versus the prior month.
For the 2024-10-01 period, La Grande had 59 MLS listings, a difference of -5 listings (-8%) versus the prior month and 2 listings (4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - La Grande (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,067 sqft |
2018-02-01 | 0 days | 2,129 sqft |
2018-03-01 | 0 days | 2,003 sqft |
2018-04-01 | 0 days | 2,252 sqft |
2018-05-01 | 0 days | 2,273 sqft |
2018-06-01 | 0 days | 2,214 sqft |
2018-07-01 | 0 days | 2,116 sqft |
2018-08-01 | 0 days | 2,017 sqft |
2018-09-01 | 0 days | 1,997 sqft |
2018-10-01 | 0 days | 1,998 sqft |
2018-11-01 | 0 days | 2,019 sqft |
2018-12-01 | 0 days | 2,046 sqft |
2019-01-01 | 0 days | 2,074 sqft |
2019-02-01 | 0 days | 2,053 sqft |
2019-03-01 | 0 days | 2,004 sqft |
2019-04-01 | 0 days | 2,014 sqft |
2019-05-01 | 0 days | 1,933 sqft |
2019-06-01 | 0 days | 1,906 sqft |
2019-07-01 | 0 days | 1,977 sqft |
2019-08-01 | 0 days | 1,993 sqft |
2019-09-01 | 0 days | 1,946 sqft |
2019-10-01 | 0 days | 1,947 sqft |
2019-11-01 | 0 days | 2,015 sqft |
2019-12-01 | 0 days | 1,973 sqft |
2020-01-01 | 0 days | 1,969 sqft |
2020-02-01 | 0 days | 1,973 sqft |
2020-03-01 | 0 days | 1,873 sqft |
2020-04-01 | 0 days | 1,925 sqft |
2020-05-01 | 0 days | 1,974 sqft |
2020-06-01 | 0 days | 1,967 sqft |
2020-07-01 | 0 days | 2,019 sqft |
2020-08-01 | 0 days | 2,153 sqft |
2020-09-01 | 0 days | 1,991 sqft |
2020-10-01 | 0 days | 1,939 sqft |
2020-11-01 | 0 days | 1,815 sqft |
2020-12-01 | 0 days | 1,675 sqft |
2021-01-01 | 0 days | 1,765 sqft |
2021-02-01 | 0 days | 1,749 sqft |
2021-03-01 | 0 days | 1,859 sqft |
2021-04-01 | 0 days | 1,946 sqft |
2021-05-01 | 0 days | 1,954 sqft |
2021-06-01 | 0 days | 1,709 sqft |
2021-07-01 | 0 days | 2,112 sqft |
2021-08-01 | 0 days | 2,038 sqft |
2021-09-01 | 0 days | 2,004 sqft |
2021-10-01 | 0 days | 2,016 sqft |
2021-11-01 | 0 days | 2,054 sqft |
2021-12-01 | 0 days | 2,090 sqft |
2022-01-01 | 0 days | 1,889 sqft |
2022-02-01 | 0 days | 1,499 sqft |
2022-03-01 | 0 days | 1,736 sqft |
2022-04-01 | 0 days | 1,706 sqft |
2022-05-01 | 0 days | 2,016 sqft |
2022-06-01 | 0 days | 1,783 sqft |
2022-07-01 | 0 days | 1,786 sqft |
2022-08-01 | 0 days | 1,772 sqft |
2022-09-01 | 0 days | 1,804 sqft |
2022-10-01 | 0 days | 1,950 sqft |
2022-11-01 | 0 days | 2,017 sqft |
2022-12-01 | 0 days | 1,975 sqft |
2023-01-01 | 0 days | 1,838 sqft |
2023-02-01 | 0 days | 1,912 sqft |
2023-03-01 | 0 days | 2,164 sqft |
2023-04-01 | 0 days | 2,393 sqft |
2023-05-01 | 0 days | 2,036 sqft |
2023-06-01 | 0 days | 2,010 sqft |
2023-07-01 | 0 days | 1,864 sqft |
2023-08-01 | 0 days | 2,185 sqft |
2023-09-01 | 0 days | 1,969 sqft |
2023-10-01 | 0 days | 1,919 sqft |
2023-11-01 | 0 days | 1,954 sqft |
2023-12-01 | 0 days | 1,854 sqft |
2024-01-01 | 0 days | 1,885 sqft |
2024-02-01 | 0 days | 1,931 sqft |
2024-03-01 | 0 days | 2,143 sqft |
2024-04-01 | 0 days | 2,196 sqft |
2024-05-01 | 0 days | 2,162 sqft |
2024-06-01 | 0 days | 2,182 sqft |
2024-07-01 | 0 days | 2,084 sqft |
2024-08-01 | 0 days | 2,181 sqft |
2024-09-01 | 0 days | 2,181 sqft |
2024-10-01 | 0 days | 2,144 sqft |
La Grande's median square footage for active listings during the 2024-10-01 period was 2,144 sqft. One year prior, the average listing was 1,919 sqft.