Lewisburg FHA Loan Rates, Closing Costs & Stats
Lewisburg, TN
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.
Lewisburg's 65 lenders originated 234 FHA loans during 2023. The total origination value was $64,780,000, with an average FHA loan value of $276,838.
Lewisburg FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Lewisburg
averaged
-0.55%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Lewisburg's average FHA mortgage closing costs are $8,053.
The average rate for the prior week (2024-11-22) was
5.94% and
one month ago for the week of 2024-10-25, the
average rate was 5.82%.
The average rate one year ago was 6.51%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0%.
Lewisburg 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 Lewisburg level.
The top Lewisburg FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with
29 FHA loans originated. Their average total fees are
$7,393, which is $5,746
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Lewisburg FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($7,393), FIRST COMMUNITY MORTGAGE, INC. ($10,435), UNITED WHOLESALE MORTGAGE, LLC ($12,723), QUICKEN LOANS, LLC ($13,139) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($13,640).
The lowest rate Lewisburg FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.29%), FIRST COMMUNITY MORTGAGE, INC. (6.11%), QUICKEN LOANS, LLC (6.13%), UNITED WHOLESALE MORTGAGE, LLC (6.16%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.28%).
Lewisburg FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
LEWISBURG, TN | MARSHALL | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
LEWISBURG, TN | MARSHALL | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Lewisburg (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 | $229,900 (35.6%) | $278,311 (43.7%) | 0.00 | 110 |
2018-02-01 | $242,045 (41.4%) | $283,786 (44.0%) | 0.00 | 108 |
2018-03-01 | $259,900 (42.6%) | $313,517 (48.8%) | 0.00 | 98 |
2018-04-01 | $259,925 (38.3%) | $311,386 (41.7%) | 0.00 | 102 |
2018-05-01 | $267,161 (33.7%) | $311,491 (25.3%) | 0.00 | 98 |
2018-06-01 | $259,500 (29.8%) | $297,990 (17.6%) | 0.00 | 102 |
2018-07-01 | $249,900 (1.2%) | $300,168 (12.2%) | 0.00 | 106 |
2018-08-01 | $243,650 (4.7%) | $283,210 (10.4%) | 0.00 | 115 |
2018-09-01 | $248,500 (4.6%) | $285,858 (7.8%) | 0.00 | 129 |
2018-10-01 | $248,900 (6.4%) | $284,446 (-0.5%) | 0.00 | 134 |
2018-11-01 | $239,900 (2.9%) | $273,654 (-3.7%) | 0.00 | 147 |
2018-12-01 | $239,900 (2.1%) | $265,783 (-7.7%) | 0.00 | 148 |
2019-01-01 | $228,225 (-0.7%) | $263,280 (-5.4%) | 0.00 | 144 |
2019-02-01 | $234,900 (-3.0%) | $269,999 (-4.9%) | 0.00 | 146 |
2019-03-01 | $238,357 (-8.3%) | $271,631 (-13.4%) | 0.00 | 124 |
2019-04-01 | $248,457 (-4.4%) | $277,990 (-10.7%) | 0.00 | 116 |
2019-05-01 | $259,900 (-2.7%) | $292,731 (-6.0%) | 0.00 | 116 |
2019-06-01 | $249,900 (-3.7%) | $326,246 (9.5%) | 0.00 | 120 |
2019-07-01 | $268,950 (7.6%) | $355,859 (18.6%) | 0.00 | 98 |
2019-08-01 | $266,927 (9.6%) | $348,115 (22.9%) | 0.00 | 104 |
2019-09-01 | $262,468 (5.6%) | $341,316 (19.4%) | 0.00 | 112 |
2019-10-01 | $262,445 (5.4%) | $339,795 (19.5%) | 0.00 | 120 |
2019-11-01 | $274,900 (14.6%) | $332,845 (21.6%) | 0.00 | 121 |
2019-12-01 | $269,675 (12.4%) | $322,485 (21.3%) | 0.00 | 130 |
2020-01-01 | $272,400 (19.4%) | $327,657 (24.5%) | 0.00 | 127 |
2020-02-01 | $267,450 (13.9%) | $339,804 (25.9%) | 0.00 | 111 |
2020-03-01 | $272,400 (14.3%) | $343,240 (26.4%) | 0.00 | 111 |
2020-04-01 | $279,400 (12.5%) | $356,865 (28.4%) | 0.00 | 102 |
2020-05-01 | $285,900 (10.0%) | $358,583 (22.5%) | 0.00 | 108 |
2020-06-01 | $288,782 (15.6%) | $362,549 (11.1%) | 0.00 | 99 |
2020-07-01 | $284,170 (5.7%) | $380,137 (6.8%) | 0.00 | 97 |
2020-08-01 | $294,900 (10.5%) | $424,419 (21.9%) | 0.00 | 77 |
2020-09-01 | $282,217 (7.5%) | $380,209 (11.4%) | 0.00 | 76 |
2020-10-01 | $276,440 (5.3%) | $390,404 (14.9%) | 0.00 | 64 |
2020-11-01 | $262,450 (-4.5%) | $401,412 (20.6%) | 0.00 | 79 |
2020-12-01 | $263,700 (-2.2%) | $391,943 (21.5%) | 0.00 | 76 |
2021-01-01 | $239,900 (-11.9%) | $383,927 (17.2%) | 0.00 | 74 |
2021-02-01 | $217,100 (-18.8%) | $395,986 (16.5%) | 0.00 | 59 |
2021-03-01 | $231,800 (-14.9%) | $416,303 (21.3%) | 0.00 | 47 |
2021-04-01 | $317,425 (13.6%) | $521,948 (46.3%) | 0.00 | 31 |
2021-05-01 | $250,000 (-12.6%) | $426,560 (19.0%) | 0.00 | 39 |
2021-06-01 | $273,200 (-5.4%) | $389,881 (7.5%) | 0.00 | 50 |
2021-07-01 | $280,999 (-1.1%) | $379,909 (-0.1%) | 0.00 | 61 |
2021-08-01 | $273,550 (-7.2%) | $378,326 (-10.9%) | 0.00 | 63 |
2021-09-01 | $342,138 (21.2%) | $420,352 (10.6%) | 0.00 | 40 |
2021-10-01 | $349,900 (26.6%) | $403,876 (3.5%) | 0.00 | 49 |
2021-11-01 | $312,450 (19.1%) | $373,431 (-7.0%) | 0.00 | 54 |
2021-12-01 | $244,900 (-7.1%) | $415,935 (6.1%) | 0.00 | 57 |
2022-01-01 | $254,900 (6.3%) | $451,806 (17.7%) | 0.00 | 49 |
2022-02-01 | $379,950 (75.0%) | $512,104 (29.3%) | 0.00 | 38 |
2022-03-01 | $399,900 (72.5%) | $517,148 (24.2%) | 0.00 | 36 |
2022-04-01 | $397,450 (25.2%) | $479,520 (-8.1%) | 0.00 | 54 |
2022-05-01 | $361,630 (44.7%) | $456,864 (7.1%) | 0.00 | 67 |
2022-06-01 | $325,000 (19.0%) | $463,253 (18.8%) | 0.00 | 120 |
2022-07-01 | $329,950 (17.4%) | $518,492 (36.5%) | 0.00 | 118 |
2022-08-01 | $353,450 (29.2%) | $529,366 (39.9%) | 0.00 | 131 |
2022-09-01 | $349,900 (2.3%) | $534,152 (27.1%) | 0.00 | 134 |
2022-10-01 | $349,900 (0.0%) | $558,398 (38.3%) | 0.00 | 139 |
2022-11-01 | $336,374 (7.7%) | $532,700 (42.7%) | 0.00 | 147 |
2022-12-01 | $331,950 (35.6%) | $496,952 (19.5%) | 0.00 | 130 |
2023-01-01 | $333,750 (30.9%) | $484,831 (7.3%) | 0.00 | 118 |
2023-02-01 | $335,427 (-11.7%) | $476,235 (-7.0%) | 0.00 | 94 |
2023-03-01 | $336,955 (-15.7%) | $509,307 (-1.5%) | 0.00 | 96 |
2023-04-01 | $344,325 (-13.4%) | $504,470 (5.2%) | 0.00 | 105 |
2023-05-01 | $350,745 (-3.0%) | $491,280 (7.5%) | 0.00 | 113 |
2023-06-01 | $399,000 (22.8%) | $546,832 (18.0%) | 0.00 | 120 |
2023-07-01 | $375,000 (13.7%) | $579,367 (11.7%) | 0.00 | 122 |
2023-08-01 | $399,950 (13.2%) | $637,662 (20.5%) | 0.00 | 110 |
2023-09-01 | $384,900 (10.0%) | $558,817 (4.6%) | 0.00 | 114 |
2023-10-01 | $377,975 (8.0%) | $541,130 (-3.1%) | 0.00 | 128 |
2023-11-01 | $375,425 (11.6%) | $576,117 (8.2%) | 0.00 | 142 |
2023-12-01 | $369,900 (11.4%) | $507,143 (2.1%) | 0.00 | 132 |
2024-01-01 | $367,000 (10.0%) | $507,439 (4.7%) | 0.00 | 119 |
2024-02-01 | $353,350 (5.3%) | $510,895 (7.3%) | 0.00 | 112 |
2024-03-01 | $351,700 (4.4%) | $512,046 (0.5%) | 0.00 | 116 |
2024-04-01 | $382,450 (11.1%) | $586,975 (16.4%) | 0.00 | 122 |
2024-05-01 | $397,975 (13.5%) | $606,520 (23.5%) | 0.00 | 123 |
2024-06-01 | $395,000 (-1.0%) | $581,139 (6.3%) | 0.00 | 134 |
2024-07-01 | $395,750 (5.5%) | $565,109 (-2.5%) | 0.00 | 138 |
2024-08-01 | $399,900 (0.0%) | $549,287 (-13.9%) | 0.00 | 138 |
2024-09-01 | $388,225 (0.9%) | $530,199 (-5.1%) | 0.00 | 157 |
2024-10-01 | $385,000 (1.9%) | $543,691 (0.5%) | 0.00 | 159 |
Lewisburg's median listing price comes in at 0% of the national average.
Lewisburg's average listing price for 2024-10-01 was $543,691, a difference of $2,561 (0.5%) versus the prior year and $13,492 versus the prior month.
For the 2024-10-01 period, Lewisburg had 159 MLS listings, a difference of 2 listings (1%) versus the prior month and 31 listings (24%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Lewisburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,917 sqft |
2018-02-01 | 0 days | 1,919 sqft |
2018-03-01 | 0 days | 2,013 sqft |
2018-04-01 | 0 days | 2,015 sqft |
2018-05-01 | 0 days | 2,028 sqft |
2018-06-01 | 0 days | 1,900 sqft |
2018-07-01 | 0 days | 1,935 sqft |
2018-08-01 | 0 days | 1,842 sqft |
2018-09-01 | 0 days | 1,839 sqft |
2018-10-01 | 0 days | 1,837 sqft |
2018-11-01 | 0 days | 1,782 sqft |
2018-12-01 | 0 days | 1,800 sqft |
2019-01-01 | 0 days | 1,800 sqft |
2019-02-01 | 0 days | 1,812 sqft |
2019-03-01 | 0 days | 1,783 sqft |
2019-04-01 | 0 days | 1,766 sqft |
2019-05-01 | 0 days | 1,780 sqft |
2019-06-01 | 0 days | 1,761 sqft |
2019-07-01 | 0 days | 1,846 sqft |
2019-08-01 | 0 days | 1,881 sqft |
2019-09-01 | 0 days | 1,896 sqft |
2019-10-01 | 0 days | 1,909 sqft |
2019-11-01 | 0 days | 1,909 sqft |
2019-12-01 | 0 days | 1,899 sqft |
2020-01-01 | 0 days | 1,901 sqft |
2020-02-01 | 0 days | 1,898 sqft |
2020-03-01 | 0 days | 1,911 sqft |
2020-04-01 | 0 days | 1,900 sqft |
2020-05-01 | 0 days | 1,872 sqft |
2020-06-01 | 0 days | 1,851 sqft |
2020-07-01 | 0 days | 1,808 sqft |
2020-08-01 | 0 days | 1,893 sqft |
2020-09-01 | 0 days | 1,818 sqft |
2020-10-01 | 0 days | 1,600 sqft |
2020-11-01 | 0 days | 1,660 sqft |
2020-12-01 | 0 days | 1,733 sqft |
2021-01-01 | 0 days | 1,640 sqft |
2021-02-01 | 0 days | 1,453 sqft |
2021-03-01 | 0 days | 1,609 sqft |
2021-04-01 | 0 days | 2,001 sqft |
2021-05-01 | 0 days | 1,499 sqft |
2021-06-01 | 0 days | 1,445 sqft |
2021-07-01 | 0 days | 1,620 sqft |
2021-08-01 | 0 days | 1,628 sqft |
2021-09-01 | 0 days | 2,000 sqft |
2021-10-01 | 0 days | 1,875 sqft |
2021-11-01 | 0 days | 1,576 sqft |
2021-12-01 | 0 days | 1,478 sqft |
2022-01-01 | 0 days | 1,428 sqft |
2022-02-01 | 0 days | 1,956 sqft |
2022-03-01 | 0 days | 2,042 sqft |
2022-04-01 | 0 days | 1,946 sqft |
2022-05-01 | 0 days | 1,866 sqft |
2022-06-01 | 0 days | 1,636 sqft |
2022-07-01 | 0 days | 1,636 sqft |
2022-08-01 | 0 days | 1,629 sqft |
2022-09-01 | 0 days | 1,673 sqft |
2022-10-01 | 0 days | 1,663 sqft |
2022-11-01 | 0 days | 1,635 sqft |
2022-12-01 | 0 days | 1,696 sqft |
2023-01-01 | 0 days | 1,716 sqft |
2023-02-01 | 0 days | 1,745 sqft |
2023-03-01 | 0 days | 1,740 sqft |
2023-04-01 | 0 days | 1,732 sqft |
2023-05-01 | 0 days | 1,720 sqft |
2023-06-01 | 0 days | 1,799 sqft |
2023-07-01 | 0 days | 1,800 sqft |
2023-08-01 | 0 days | 1,836 sqft |
2023-09-01 | 0 days | 1,800 sqft |
2023-10-01 | 0 days | 1,706 sqft |
2023-11-01 | 0 days | 1,712 sqft |
2023-12-01 | 0 days | 1,621 sqft |
2024-01-01 | 0 days | 1,700 sqft |
2024-02-01 | 0 days | 1,609 sqft |
2024-03-01 | 0 days | 1,560 sqft |
2024-04-01 | 0 days | 1,684 sqft |
2024-05-01 | 0 days | 1,738 sqft |
2024-06-01 | 0 days | 1,718 sqft |
2024-07-01 | 0 days | 1,669 sqft |
2024-08-01 | 0 days | 1,635 sqft |
2024-09-01 | 0 days | 1,619 sqft |
2024-10-01 | 0 days | 1,607 sqft |
Lewisburg's median square footage for active listings during the 2024-10-01 period was 1,607 sqft. One year prior, the average listing was 1,706 sqft.