Laconia FHA Loan Rates, Closing Costs & Stats
Laconia, NH
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.
Laconia's 41 lenders originated 127 FHA loans during 2023. The total origination value was $37,115,000, with an average FHA loan value of $292,244.
Laconia FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Laconia
averaged
6.22%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
Laconia's average FHA mortgage closing costs are $7,984.
The average rate for the prior week (2024-10-04) was
6.13% and
one month ago for the week of 2024-09-06, the
average rate was 6.46%.
The average rate one year ago was 7.49%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6%.
Laconia 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 Laconia level.
The top Laconia FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
14 FHA loans originated. Their average total fees are
$12,912, which is $1,536
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Laconia FHA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC ($11,376), QUICKEN LOANS, LLC ($12,912), .
The lowest rate Laconia FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.08%), UNITED WHOLESALE MORTGAGE, LLC (6.20%), .
Laconia FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
LACONIA, NH | BELKNAP | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
LACONIA, NH | BELKNAP | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Laconia (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 | $279,900 (3.7%) | $539,723 (-16.1%) | 0.00 | 331 |
2018-02-01 | $299,900 (11.1%) | $558,764 (-12.2%) | 0.00 | 319 |
2018-03-01 | $299,900 (11.1%) | $560,194 (-12.8%) | 0.00 | 334 |
2018-04-01 | $309,450 (14.6%) | $572,743 (-8.8%) | 0.00 | 382 |
2018-05-01 | $317,950 (15.8%) | $657,523 (7.4%) | 0.00 | 465 |
2018-06-01 | $329,900 (14.6%) | $646,106 (5.1%) | 0.00 | 523 |
2018-07-01 | $332,500 (12.8%) | $613,644 (1.5%) | 0.00 | 559 |
2018-08-01 | $329,900 (10.3%) | $617,666 (3.9%) | 0.00 | 546 |
2018-09-01 | $319,000 (6.4%) | $588,885 (4.2%) | 0.00 | 567 |
2018-10-01 | $313,150 (4.4%) | $581,115 (-0.4%) | 0.00 | 552 |
2018-11-01 | $302,400 (0.9%) | $579,115 (-4.6%) | 0.00 | 494 |
2018-12-01 | $299,000 (0.0%) | $591,576 (-2.2%) | 0.00 | 422 |
2019-01-01 | $299,900 (7.2%) | $608,541 (12.8%) | 0.00 | 366 |
2019-02-01 | $299,900 (0.0%) | $557,342 (-0.3%) | 0.00 | 337 |
2019-03-01 | $304,186 (1.4%) | $564,294 (0.7%) | 0.00 | 344 |
2019-04-01 | $314,450 (1.6%) | $590,479 (3.1%) | 0.00 | 362 |
2019-05-01 | $336,950 (6.0%) | $625,965 (-4.8%) | 0.00 | 409 |
2019-06-01 | $334,000 (1.2%) | $574,469 (-11.1%) | 0.00 | 458 |
2019-07-01 | $325,750 (-2.0%) | $548,224 (-10.7%) | 0.00 | 514 |
2019-08-01 | $325,000 (-1.5%) | $551,757 (-10.7%) | 0.00 | 508 |
2019-09-01 | $325,000 (1.9%) | $555,025 (-5.8%) | 0.00 | 486 |
2019-10-01 | $327,000 (4.4%) | $557,204 (-4.1%) | 0.00 | 462 |
2019-11-01 | $324,900 (7.4%) | $522,506 (-9.8%) | 0.00 | 384 |
2019-12-01 | $317,400 (6.2%) | $518,350 (-12.4%) | 0.00 | 288 |
2020-01-01 | $307,400 (2.5%) | $560,413 (-7.9%) | 0.00 | 240 |
2020-02-01 | $314,450 (4.9%) | $573,569 (2.9%) | 0.00 | 213 |
2020-03-01 | $295,750 (-2.8%) | $534,751 (-5.2%) | 0.00 | 236 |
2020-04-01 | $299,974 (-4.6%) | $528,327 (-10.5%) | 0.00 | 280 |
2020-05-01 | $322,500 (-4.3%) | $592,913 (-5.3%) | 0.00 | 261 |
2020-06-01 | $359,450 (7.6%) | $643,573 (12.0%) | 0.00 | 231 |
2020-07-01 | $377,000 (15.7%) | $774,214 (41.2%) | 0.00 | 196 |
2020-08-01 | $375,000 (15.4%) | $753,098 (36.5%) | 0.00 | 193 |
2020-09-01 | $365,250 (12.4%) | $638,756 (15.1%) | 0.00 | 193 |
2020-10-01 | $364,500 (11.5%) | $620,655 (11.4%) | 0.00 | 191 |
2020-11-01 | $344,500 (6.0%) | $579,888 (11.0%) | 0.00 | 172 |
2020-12-01 | $339,000 (6.8%) | $568,656 (9.7%) | 0.00 | 129 |
2021-01-01 | $332,000 (8.0%) | $479,605 (-14.4%) | 0.00 | 92 |
2021-02-01 | $342,450 (8.9%) | $520,744 (-9.2%) | 0.00 | 77 |
2021-03-01 | $397,175 (34.3%) | $655,693 (22.6%) | 0.00 | 90 |
2021-04-01 | $399,900 (33.3%) | $665,481 (26.0%) | 0.00 | 109 |
2021-05-01 | $425,000 (31.8%) | $683,918 (15.4%) | 0.00 | 127 |
2021-06-01 | $446,175 (24.1%) | $694,943 (8.0%) | 0.00 | 145 |
2021-07-01 | $449,900 (19.3%) | $688,879 (-11.0%) | 0.00 | 167 |
2021-08-01 | $442,413 (18.0%) | $707,959 (-6.0%) | 0.00 | 182 |
2021-09-01 | $444,675 (21.8%) | $726,822 (13.8%) | 0.00 | 167 |
2021-10-01 | $429,950 (18.0%) | $722,510 (16.4%) | 0.00 | 157 |
2021-11-01 | $429,450 (24.7%) | $735,103 (26.8%) | 0.00 | 138 |
2021-12-01 | $432,450 (27.6%) | $838,308 (47.4%) | 0.00 | 101 |
2022-01-01 | $434,900 (31.0%) | $873,190 (82.1%) | 0.00 | 77 |
2022-02-01 | $469,950 (37.2%) | $946,247 (81.7%) | 0.00 | 68 |
2022-03-01 | $480,000 (20.9%) | $937,536 (43.0%) | 0.00 | 64 |
2022-04-01 | $505,000 (26.3%) | $892,425 (34.1%) | 0.00 | 90 |
2022-05-01 | $536,200 (26.2%) | $810,001 (18.4%) | 0.00 | 131 |
2022-06-01 | $587,450 (31.7%) | $826,843 (19.0%) | 0.00 | 173 |
2022-07-01 | $550,000 (22.3%) | $983,960 (42.8%) | 0.00 | 216 |
2022-08-01 | $561,175 (26.8%) | $976,087 (37.9%) | 0.00 | 210 |
2022-09-01 | $562,000 (26.4%) | $1,033,218 (42.2%) | 0.00 | 199 |
2022-10-01 | $529,950 (23.3%) | $1,010,160 (39.8%) | 0.00 | 209 |
2022-11-01 | $527,500 (22.8%) | $997,324 (35.7%) | 0.00 | 200 |
2022-12-01 | $524,950 (21.4%) | $1,062,579 (26.8%) | 0.00 | 151 |
2023-01-01 | $591,725 (36.1%) | $1,256,400 (43.9%) | 0.00 | 110 |
2023-02-01 | $599,450 (27.6%) | $1,350,117 (42.7%) | 0.00 | 112 |
2023-03-01 | $609,900 (27.1%) | $1,298,291 (38.5%) | 0.00 | 109 |
2023-04-01 | $609,000 (20.6%) | $1,176,281 (31.8%) | 0.00 | 111 |
2023-05-01 | $654,900 (22.1%) | $1,184,164 (46.2%) | 0.00 | 141 |
2023-06-01 | $612,450 (4.3%) | $1,088,917 (31.7%) | 0.00 | 149 |
2023-07-01 | $649,000 (18.0%) | $1,039,646 (5.7%) | 0.00 | 159 |
2023-08-01 | $596,200 (6.2%) | $1,003,609 (2.8%) | 0.00 | 181 |
2023-09-01 | $629,900 (12.1%) | $1,037,642 (0.4%) | 0.00 | 201 |
2023-10-01 | $585,950 (10.6%) | $1,039,741 (2.9%) | 0.00 | 211 |
2023-11-01 | $595,000 (12.8%) | $1,070,604 (7.4%) | 0.00 | 199 |
2023-12-01 | $544,950 (3.8%) | $899,026 (-15.4%) | 0.00 | 185 |
2024-01-01 | $566,800 (-4.2%) | $897,174 (-28.6%) | 0.00 | 144 |
2024-02-01 | $594,825 (-0.8%) | $968,710 (-28.3%) | 0.00 | 133 |
2024-03-01 | $624,950 (2.5%) | $1,051,687 (-19.0%) | 0.00 | 133 |
2024-04-01 | $628,725 (3.2%) | $978,415 (-16.8%) | 0.00 | 140 |
2024-05-01 | $650,000 (-0.8%) | $992,329 (-16.2%) | 0.00 | 189 |
2024-06-01 | $650,000 (6.1%) | $934,142 (-14.2%) | 0.00 | 237 |
2024-07-01 | $597,450 (-7.9%) | $812,773 (-21.8%) | 0.00 | 270 |
2024-08-01 | $599,450 (0.6%) | $846,233 (-15.7%) | 0.00 | 276 |
2024-09-01 | $630,750 (0.1%) | $880,732 (-15.1%) | 0.00 | 275 |
Laconia's median listing price comes in at 0% of the national average.
Laconia's average listing price for 2024-09-01 was $880,732, a difference of $-156,910 (-15.1%) versus the prior year and $34,499 versus the prior month.
For the 2024-09-01 period, Laconia had 275 MLS listings, a difference of -1 listings (0%) versus the prior month and 74 listings (37%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Laconia (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,903 sqft |
2018-02-01 | 0 days | 1,908 sqft |
2018-03-01 | 0 days | 1,849 sqft |
2018-04-01 | 0 days | 1,833 sqft |
2018-05-01 | 0 days | 1,852 sqft |
2018-06-01 | 0 days | 1,917 sqft |
2018-07-01 | 0 days | 1,933 sqft |
2018-08-01 | 0 days | 1,935 sqft |
2018-09-01 | 0 days | 1,907 sqft |
2018-10-01 | 0 days | 1,862 sqft |
2018-11-01 | 0 days | 1,843 sqft |
2018-12-01 | 0 days | 1,850 sqft |
2019-01-01 | 0 days | 1,803 sqft |
2019-02-01 | 0 days | 1,836 sqft |
2019-03-01 | 0 days | 1,807 sqft |
2019-04-01 | 0 days | 1,803 sqft |
2019-05-01 | 0 days | 1,910 sqft |
2019-06-01 | 0 days | 1,916 sqft |
2019-07-01 | 0 days | 1,858 sqft |
2019-08-01 | 0 days | 1,897 sqft |
2019-09-01 | 0 days | 1,915 sqft |
2019-10-01 | 0 days | 1,926 sqft |
2019-11-01 | 0 days | 1,872 sqft |
2019-12-01 | 0 days | 1,862 sqft |
2020-01-01 | 0 days | 1,824 sqft |
2020-02-01 | 0 days | 1,807 sqft |
2020-03-01 | 0 days | 1,780 sqft |
2020-04-01 | 0 days | 1,790 sqft |
2020-05-01 | 0 days | 1,784 sqft |
2020-06-01 | 0 days | 1,854 sqft |
2020-07-01 | 0 days | 1,993 sqft |
2020-08-01 | 0 days | 1,912 sqft |
2020-09-01 | 0 days | 1,853 sqft |
2020-10-01 | 0 days | 1,863 sqft |
2020-11-01 | 0 days | 1,800 sqft |
2020-12-01 | 0 days | 1,660 sqft |
2021-01-01 | 0 days | 1,534 sqft |
2021-02-01 | 0 days | 1,633 sqft |
2021-03-01 | 0 days | 1,860 sqft |
2021-04-01 | 0 days | 1,879 sqft |
2021-05-01 | 0 days | 1,814 sqft |
2021-06-01 | 0 days | 1,868 sqft |
2021-07-01 | 0 days | 1,952 sqft |
2021-08-01 | 0 days | 1,958 sqft |
2021-09-01 | 0 days | 1,845 sqft |
2021-10-01 | 0 days | 1,836 sqft |
2021-11-01 | 0 days | 1,784 sqft |
2021-12-01 | 0 days | 1,837 sqft |
2022-01-01 | 0 days | 1,800 sqft |
2022-02-01 | 0 days | 1,919 sqft |
2022-03-01 | 0 days | 1,905 sqft |
2022-04-01 | 0 days | 1,873 sqft |
2022-05-01 | 0 days | 1,772 sqft |
2022-06-01 | 0 days | 1,870 sqft |
2022-07-01 | 0 days | 1,824 sqft |
2022-08-01 | 0 days | 1,847 sqft |
2022-09-01 | 0 days | 1,842 sqft |
2022-10-01 | 0 days | 1,920 sqft |
2022-11-01 | 0 days | 1,910 sqft |
2022-12-01 | 0 days | 1,860 sqft |
2023-01-01 | 0 days | 1,990 sqft |
2023-02-01 | 0 days | 1,959 sqft |
2023-03-01 | 0 days | 2,010 sqft |
2023-04-01 | 0 days | 1,977 sqft |
2023-05-01 | 0 days | 1,921 sqft |
2023-06-01 | 0 days | 1,902 sqft |
2023-07-01 | 0 days | 1,902 sqft |
2023-08-01 | 0 days | 1,818 sqft |
2023-09-01 | 0 days | 2,000 sqft |
2023-10-01 | 0 days | 1,981 sqft |
2023-11-01 | 0 days | 1,901 sqft |
2023-12-01 | 0 days | 1,811 sqft |
2024-01-01 | 0 days | 1,864 sqft |
2024-02-01 | 0 days | 1,966 sqft |
2024-03-01 | 0 days | 2,000 sqft |
2024-04-01 | 0 days | 1,974 sqft |
2024-05-01 | 0 days | 1,898 sqft |
2024-06-01 | 0 days | 1,844 sqft |
2024-07-01 | 0 days | 1,793 sqft |
2024-08-01 | 0 days | 1,714 sqft |
2024-09-01 | 0 days | 1,732 sqft |
Laconia's median square footage for active listings during the 2024-09-01 period was 1,732 sqft. One year prior, the average listing was 2,000 sqft.