Lincoln FHA Loan Rates, Closing Costs & Stats

LINCOLN, NE

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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.

    Lincoln's 64 lenders originated 620 FHA loans during 2024. The total origination value was $153,340,000, with an average FHA loan value of $247,323.

    Lincoln FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Lincoln averaged 6.37% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Lincoln's average FHA mortgage closing costs are $6,426.

    The average rate for the prior week (2025-03-28) was 6.27% and one month ago for the week of 2025-02-28, the average rate was 6.35%.

    The average rate one year ago was 6.47%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.93%.

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

    Lincoln 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 Lincoln level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Lincoln FSB of Nebraska 77 5.99% $6,958
    GERSHMAN INVESTMENT CORP. 77 6.45% $8,044
    CHARTER WEST BANK 47 6.32% $7,458
    QUICKEN LOANS, LLC 36 6.30% $10,673
    CMG MORTGAGE, INC. 31 6.62% $9,012
    Prosperity Home Mortgage, LLC 23 6.21% $7,027
    LIBERTY FIRST 23 6.17% $6,915
    Union Bank and Trust Company 22 6.34% $7,802
    NEWREZ LLC 16 6.19% $7,985
    First Bank 15 6.13% $9,177
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 6.23% $7,161
    FREEDOM MORTGAGE CORPORATION 14 6.53% $12,621
    PENNYMAC LOAN SERVICES, LLC 13 5.86% $10,247
    Pinnacle Bank 12 6.18% $7,318
    Paramount Residential Mortgage Group, Inc. 12 6.58% $10,917
    First National Bank of Omaha 10 6.35% $7,648
    UNITED WHOLESALE MORTGAGE, LLC 10 6.56% $10,562
    West Gate Bank 9 6.01% $7,108
    DELMAR FINANCIAL COMPANY 9 6.32% $6,706
    Plains Commerce Bank 8 6.17% $8,468
    LOANDEPOT.COM, LLC 6 6.37% $13,209
    U.S. Bank 6 6.27% $6,773
    BROKER SOLUTIONS, INC. 6 7.04% $10,332
    MUTUAL OF OMAHA MORTGAGE, INC. 6 6.46% $14,281
    GUILD MORTGAGE COMPANY 6 6.42% $8,516
    Regent Financial Group, Inc. 5 5.90% $7,442
    CROSSCOUNTRY MORTGAGE, LLC 4 6.39% $9,957
    AMERISAVE MORTGAGE CORPORATION 4 5.91% $14,296
    Mortgage Research Center, LLC 4 6.38% $8,460
    Flagstar Bank, FSB 3 6.17% $7,065
    Wells Fargo Bank 3 5.75% $11,824
    HOMESIDE FINANCIAL, LLC 3 6.29% $15,332
    The Federal Savings Bank 3 6.58% $18,248
    GUARANTEED RATE, INC. 2 6.60% $8,095
    CHURCHILL MORTGAGE CORPORATION 2 6.75% $13,640
    MID AMERICA MORTGAGE, INC. 2 6.19% $4,095
    MORIA DEVELOPMENT, INC. 2 6.69% $10,446
    Mr. Cooper ( Nationstar Mortgage ) 2 6.50% $15,465
    NBKC BANK 2 6.81% $6,517
    FIRST STATE MORTGAGE SERVICES, LLC 2 6.63% $5,404
    AmeriHome Mortgage Company, LLC 2 6.56% $5,362
    Core Bank 2 6.31% $6,271
    VILLAGE CAPITAL MORTGAGE 2 6.94% $3,339
    Equity Prime Mortgage LLC 2 6.50% $9,696
    ZILLOW HOME LOANS, LLC 1 6.25% $12,324
    BOKF 1 6.63% $10,969
    PHH Mortgage Corporation 1 7.00% $10,078
    Access Bank 1 6.13% $6,755
    Century Mortgage Company DBA Century Lending Company 1 6.75% $12,939
    BETTER MORTGAGE CORPORATION 1 5.75% $13,556
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $15,509
    First International Bank & Trust 1 5.75% $6,909
    S1L, Inc. 1 6.25% $7,864
    JPMorgan Chase Bank 1 7.25% $5,071
    TruHome Solutions, LLC 1 5.50% $8,792
    V.I.P. MORTGAGE, INC. 1 6.50% $12,856
    UNION HOME MORTGAGE CORP. 1 6.75% $17,491
    Capital Bank 1 6.75% $6,528
    MOVEMENT MORTGAGE, LLC 1 6.75% $13,260
    Citizens Bank 1 6.50% $11,023
    FLAT BRANCH MORTGAGE, INC. 1 6.50% $6,851
    Independent Bank 1 7.13% $12,151
    Carrington Mortgage Services, LLC 1 6.13% $11,958
    PANORAMA MORTGAGE GROUP, LLC 1 5.63% $4,244

    The top Lincoln FHA lender as defined by loan originations is Lincoln FSB of Nebraska, with 77 FHA loans originated. Their average total fees are $6,958, which is $1,086 lower than the next largest lender, GERSHMAN INVESTMENT CORP..

    The lowest fee Lincoln FHA lenders (with over 10 loans originated) are LIBERTY FIRST ($6,915), Lincoln FSB of Nebraska ($6,958), Prosperity Home Mortgage, LLC ($7,027), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,161) and Pinnacle Bank ($7,318).

    The lowest rate Lincoln FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.86%), Lincoln FSB of Nebraska (5.99%), First Bank (6.13%), LIBERTY FIRST (6.17%) and Pinnacle Bank (6.18%).

    Lincoln FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LINCOLN, NE LANCASTER 2022 $420,680 $538,650 $651,050 $809,150
    LINCOLN, NE SEWARD 2022 $420,680 $538,650 $651,050 $809,150
    LINCOLN, NE LANCASTER 2023 $472,030 $604,400 $730,525 $907,900
    LINCOLN, NE SEWARD 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lincoln (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 $282,250 (25.5%) $344,966 (22.0%) 1.05 643
    2018-02-01 $299,450 (19.2%) $358,847 (19.0%) 1.09 612
    2018-03-01 $319,950 (24.2%) $364,659 (18.8%) 1.12 590
    2018-04-01 $323,713 (13.6%) $379,691 (13.9%) 1.10 620
    2018-05-01 $314,961 (8.1%) $373,405 (10.9%) 1.05 673
    2018-06-01 $308,900 (9.9%) $372,102 (12.7%) 1.03 714
    2018-07-01 $299,916 (12.5%) $368,433 (15.3%) 1.00 792
    2018-08-01 $289,800 (10.5%) $358,893 (13.3%) 0.97 858
    2018-09-01 $285,500 (14.3%) $352,035 (11.5%) 0.96 875
    2018-10-01 $275,440 (10.2%) $342,336 (8.4%) 0.93 945
    2018-11-01 $271,319 (2.6%) $333,806 (2.1%) 0.92 981
    2018-12-01 $272,500 (1.2%) $332,315 (0.0%) 0.94 891
    2019-01-01 $273,697 (-3.0%) $333,553 (-3.3%) 0.95 796
    2019-02-01 $284,948 (-4.8%) $343,605 (-4.3%) 0.96 753
    2019-03-01 $292,986 (-8.4%) $335,805 (-7.9%) 0.96 729
    2019-04-01 $296,123 (-8.5%) $329,676 (-13.2%) 0.94 694
    2019-05-01 $306,625 (-2.7%) $341,747 (-8.5%) 0.96 756
    2019-06-01 $299,900 (-2.9%) $336,092 (-9.7%) 0.94 790
    2019-07-01 $299,900 (0.0%) $332,953 (-9.6%) 0.94 781
    2019-08-01 $292,941 (1.1%) $328,280 (-8.5%) 0.93 830
    2019-09-01 $285,352 (-0.1%) $321,606 (-8.6%) 0.91 894
    2019-10-01 $279,725 (1.6%) $317,533 (-7.3%) 0.90 928
    2019-11-01 $282,079 (4.0%) $317,249 (-5.0%) 0.92 854
    2019-12-01 $284,900 (4.6%) $318,270 (-4.2%) 0.95 784
    2020-01-01 $299,925 (9.6%) $330,626 (-0.9%) 1.00 681
    2020-02-01 $302,500 (6.2%) $336,803 (-2.0%) 0.99 614
    2020-03-01 $303,575 (3.6%) $338,261 (0.7%) 0.95 641
    2020-04-01 $304,850 (3.0%) $337,646 (2.4%) 0.95 701
    2020-05-01 $319,000 (4.0%) $358,506 (4.9%) 0.97 651
    2020-06-01 $325,500 (8.5%) $368,812 (9.7%) 0.96 546
    2020-07-01 $325,000 (8.4%) $373,268 (12.1%) 0.94 499
    2020-08-01 $315,000 (7.5%) $365,770 (11.4%) 0.90 474
    2020-09-01 $307,925 (7.9%) $363,745 (13.1%) 0.88 454
    2020-10-01 $299,950 (7.2%) $365,332 (15.1%) 0.86 455
    2020-11-01 $321,650 (14.0%) $380,020 (19.8%) 0.94 472
    2020-12-01 $326,663 (14.7%) $375,951 (18.1%) 0.97 454
    2021-01-01 $334,950 (11.7%) $371,268 (12.3%) 1.00 395
    2021-02-01 $350,700 (15.9%) $385,336 (14.4%) 1.02 360
    2021-03-01 $362,225 (19.3%) $389,368 (15.1%) 1.03 374
    2021-04-01 $359,900 (18.1%) $395,376 (17.1%) 0.97 368
    2021-05-01 $359,900 (12.8%) $423,128 (18.0%) 0.96 364
    2021-06-01 $336,975 (3.5%) $410,103 (11.2%) 0.89 404
    2021-07-01 $329,000 (1.2%) $397,056 (6.4%) 0.87 428
    2021-08-01 $318,500 (1.1%) $385,095 (5.3%) 0.85 430
    2021-09-01 $299,950 (-2.6%) $362,560 (-0.3%) 0.80 442
    2021-10-01 $312,265 (4.1%) $361,655 (-1.0%) 0.83 490
    2021-11-01 $328,696 (2.2%) $382,773 (0.7%) 0.88 494
    2021-12-01 $349,950 (7.1%) $398,248 (5.9%) 0.95 424
    2022-01-01 $369,925 (10.4%) $419,115 (12.9%) 1.00 379
    2022-02-01 $387,305 (10.4%) $427,567 (11.0%) 1.01 367
    2022-03-01 $369,463 (2.0%) $427,384 (9.8%) 0.92 347
    2022-04-01 $389,999 (8.4%) $439,747 (11.2%) 0.93 365
    2022-05-01 $367,588 (2.1%) $422,910 (-0.1%) 0.84 431
    2022-06-01 $365,049 (8.3%) $427,098 (4.1%) 0.81 455
    2022-07-01 $362,595 (10.2%) $421,377 (6.1%) 0.82 551
    2022-08-01 $371,825 (16.7%) $416,049 (8.0%) 0.86 559
    2022-09-01 $379,386 (26.5%) $423,347 (16.8%) 0.89 563
    2022-10-01 $383,545 (22.8%) $419,338 (16.0%) 0.90 578
    2022-11-01 $387,450 (17.9%) $422,881 (10.5%) 0.93 615
    2022-12-01 $407,450 (16.4%) $433,708 (8.9%) 1.01 583
    2023-01-01 $439,476 (18.8%) $454,926 (8.5%) 1.09 523
    2023-02-01 $441,275 (13.9%) $455,262 (6.5%) 1.06 501
    2023-03-01 $447,500 (21.1%) $469,822 (9.9%) 1.06 458
    2023-04-01 $444,900 (14.1%) $469,027 (6.7%) 1.03 497
    2023-05-01 $447,700 (21.8%) $485,892 (14.9%) 1.02 535
    2023-06-01 $445,125 (21.9%) $497,704 (16.5%) 1.00 542
    2023-07-01 $437,900 (20.8%) $486,376 (15.4%) 1.00 570
    2023-08-01 $411,200 (10.6%) $476,511 (14.5%) 0.94 620
    2023-09-01 $399,450 (5.3%) $466,112 (10.1%) 0.93 677
    2023-10-01 $396,200 (3.3%) $463,483 (10.5%) 0.93 747
    2023-11-01 $389,850 (0.6%) $453,644 (7.3%) 0.93 765
    2023-12-01 $389,900 (-4.3%) $454,963 (4.9%) 0.95 647
    2024-01-01 $389,950 (-11.3%) $459,750 (1.1%) 0.95 546
    2024-02-01 $398,575 (-9.7%) $479,859 (5.4%) 0.96 499
    2024-03-01 $403,900 (-9.7%) $480,725 (2.3%) 0.95 525
    2024-04-01 $413,675 (-7.0%) $483,031 (3.0%) 0.96 567
    2024-05-01 $429,950 (-4.0%) $497,635 (2.4%) 0.98 587
    2024-06-01 $399,999 (-10.1%) $475,948 (-4.4%) 0.91 646
    2024-07-01 $398,975 (-8.9%) $474,635 (-2.4%) 0.91 679
    2024-08-01 $379,950 (-7.6%) $454,167 (-4.7%) 0.88 742
    2024-09-01 $379,950 (-4.9%) $456,838 (-2.0%) 0.89 786
    2024-10-01 $380,000 (-4.1%) $453,180 (-2.2%) 0.89 818
    2024-11-01 $379,825 (-2.6%) $454,766 (0.3%) 0.91 823
    2024-12-01 $379,950 (-2.6%) $457,322 (0.5%) 0.94 732
    2025-01-01 $394,500 (1.2%) $472,017 (2.7%) 0.99 668
    2025-02-01 $401,188 (0.7%) $482,898 (0.6%) 0.97 629
    2025-03-01 $404,950 (0.3%) $473,194 (-1.6%) 0.00 632
    Lincoln's median listing price for 2025-03-01 was $404,950, a difference of $1,050 (0.3%) versus the prior year and $3,762 versus the prior month.

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

    Lincoln's average listing price for 2025-03-01 was $473,194, a difference of $-7,531 (-1.6%) versus the prior year and $-9,704 versus the prior month.

    For the 2025-03-01 period, Lincoln had 632 MLS listings, a difference of 3 listings (0%) versus the prior month and 107 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lincoln (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 53 days 1,605 sqft
    2018-02-01 51 days 1,625 sqft
    2018-03-01 49 days 1,644 sqft
    2018-04-01 45 days 1,654 sqft
    2018-05-01 39 days 1,651 sqft
    2018-06-01 40 days 1,661 sqft
    2018-07-01 41 days 1,636 sqft
    2018-08-01 43 days 1,600 sqft
    2018-09-01 46 days 1,596 sqft
    2018-10-01 43 days 1,588 sqft
    2018-11-01 44 days 1,569 sqft
    2018-12-01 54 days 1,551 sqft
    2019-01-01 58 days 1,548 sqft
    2019-02-01 51 days 1,565 sqft
    2019-03-01 51 days 1,788 sqft
    2019-04-01 42 days 2,207 sqft
    2019-05-01 33 days 2,371 sqft
    2019-06-01 36 days 2,399 sqft
    2019-07-01 38 days 2,361 sqft
    2019-08-01 36 days 2,308 sqft
    2019-09-01 36 days 2,268 sqft
    2019-10-01 38 days 2,241 sqft
    2019-11-01 47 days 2,243 sqft
    2019-12-01 57 days 2,242 sqft
    2020-01-01 64 days 2,322 sqft
    2020-02-01 59 days 2,340 sqft
    2020-03-01 41 days 2,412 sqft
    2020-04-01 43 days 2,386 sqft
    2020-05-01 52 days 2,411 sqft
    2020-06-01 53 days 2,447 sqft
    2020-07-01 53 days 2,396 sqft
    2020-08-01 43 days 2,274 sqft
    2020-09-01 45 days 2,226 sqft
    2020-10-01 46 days 2,170 sqft
    2020-11-01 46 days 2,143 sqft
    2020-12-01 52 days 2,084 sqft
    2021-01-01 58 days 2,110 sqft
    2021-02-01 53 days 2,182 sqft
    2021-03-01 53 days 2,263 sqft
    2021-04-01 50 days 2,179 sqft
    2021-05-01 46 days 2,171 sqft
    2021-06-01 43 days 2,183 sqft
    2021-07-01 40 days 2,123 sqft
    2021-08-01 41 days 2,082 sqft
    2021-09-01 41 days 2,039 sqft
    2021-10-01 37 days 2,106 sqft
    2021-11-01 45 days 2,121 sqft
    2021-12-01 57 days 2,151 sqft
    2022-01-01 51 days 2,213 sqft
    2022-02-01 43 days 2,227 sqft
    2022-03-01 47 days 2,191 sqft
    2022-04-01 40 days 2,239 sqft
    2022-05-01 35 days 2,229 sqft
    2022-06-01 39 days 2,249 sqft
    2022-07-01 38 days 2,228 sqft
    2022-08-01 39 days 2,265 sqft
    2022-09-01 43 days 2,301 sqft
    2022-10-01 39 days 2,316 sqft
    2022-11-01 39 days 2,336 sqft
    2022-12-01 52 days 2,375 sqft
    2023-01-01 55 days 2,417 sqft
    2023-02-01 45 days 2,446 sqft
    2023-03-01 50 days 2,502 sqft
    2023-04-01 43 days 2,495 sqft
    2023-05-01 38 days 2,516 sqft
    2023-06-01 41 days 2,539 sqft
    2023-07-01 40 days 2,507 sqft
    2023-08-01 39 days 2,436 sqft
    2023-09-01 37 days 2,410 sqft
    2023-10-01 37 days 2,367 sqft
    2023-11-01 42 days 2,314 sqft
    2023-12-01 48 days 2,339 sqft
    2024-01-01 58 days 2,346 sqft
    2024-02-01 47 days 2,372 sqft
    2024-03-01 40 days 2,416 sqft
    2024-04-01 38 days 2,459 sqft
    2024-05-01 35 days 2,469 sqft
    2024-06-01 39 days 2,318 sqft
    2024-07-01 38 days 2,235 sqft
    2024-08-01 38 days 2,173 sqft
    2024-09-01 40 days 2,173 sqft
    2024-10-01 38 days 2,186 sqft
    2024-11-01 41 days 2,206 sqft
    2024-12-01 47 days 2,223 sqft
    2025-01-01 56 days 2,245 sqft
    2025-02-01 47 days 2,317 sqft
    2025-03-01 0 days 2,334 sqft
    Lincoln's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Lincoln's median square footage for active listings during the 2025-03-01 period was 2,334 sqft. One year prior, the average listing was 2,416 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).