Maysville FHA Loan Rates, Closing Costs & Stats

Maysville, KY

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.

Maysville's 20 lenders originated 34 FHA loans during 2023. The total origination value was $5,140,000, with an average FHA loan value of $151,176.

Maysville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Maysville averaged 0.12% for the week of 2024-11-29, compared to the national average (all FHA variants) of 0% for the same period.

Maysville's average FHA mortgage closing costs are $6,014.

The average rate for the prior week (2024-11-22) was 6.81% and one month ago for the week of 2024-10-25, the average rate was 6.79%.

The average rate one year ago was 7.18%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.2%.

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

Maysville 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 Maysville level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 3 6.12% $12,428
S1L, Inc. 3 6.96% $6,852
U.S. Bank 3 6.75% $6,103
DAS Acquisition Company, LLC 2 6.50% $10,814
Mr. Cooper ( Nationstar Mortgage ) 2 5.88% $9,796
STOCKTON MORTGAGE CORPORATION 2 6.75% $8,298
LOANDEPOT.COM, LLC 2 6.62% $9,286
AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $3,200
ROYAL UNITED MORTGAGE LLC 1 7.25% $8,390
Stock Yards Bank & Trust Company 1 6.75% $7,284
The Huntington National Bank 1 6.75% $7,926
Union Savings Bank 1 6.75% $7,091
UNITED WHOLESALE MORTGAGE, LLC 1 4.88% $7,986
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $4,888
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.50% $9,481
AMERISAVE MORTGAGE CORPORATION 1 6.00% $8,332
Central Bank 1 7.00% $3,270
LIBERTY HOME MORTGAGE CORPORATION 1 7.13% $2,769
MYCUMORTGAGE, LLC 1 6.63% $4,935
PENNYMAC LOAN SERVICES, LLC 1 5.75% $9,342

The top Maysville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 3 FHA loans originated. Their average total fees are $12,428, which is $5,576 higher than the next largest lender, S1L, Inc..

The lowest fee Maysville FHA lenders (with over 10 loans originated) are .

The lowest rate Maysville FHA lenders (with over 10 loans originated) are .

Maysville FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Maysville (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 $135,000 (150.0%) $126,869 (113.7%) 0.00 13
2018-02-01 $132,450 (72.6%) $131,353 (88.6%) 0.00 14
2018-03-01 $135,000 (131.8%) $134,738 (68.8%) 0.00 13
2018-04-01 $106,250 (23.3%) $126,324 (-17.4%) 0.00 15
2018-05-01 $92,850 (7.7%) $168,784 (10.5%) 0.00 18
2018-06-01 $140,000 (-28.9%) $186,330 (-20.3%) 0.00 20
2018-07-01 $155,500 (-25.6%) $245,727 (15.6%) 0.00 22
2018-08-01 $147,250 (-29.6%) $232,375 (7.7%) 0.00 24
2018-09-01 $132,000 (-33.9%) $210,424 (-2.8%) 0.00 26
2018-10-01 $130,475 (-5.4%) $209,072 (34.0%) 0.00 26
2018-11-01 $135,475 (3.8%) $204,838 (52.8%) 0.00 26
2018-12-01 $139,000 (0.8%) $205,026 (55.7%) 0.00 23
2019-01-01 $127,975 (-5.2%) $189,092 (49.0%) 0.00 22
2019-02-01 $105,750 (-20.2%) $177,853 (35.4%) 0.00 21
2019-03-01 $88,100 (-34.7%) $163,539 (21.4%) 0.00 19
2019-04-01 $82,350 (-22.5%) $160,413 (27.0%) 0.00 19
2019-05-01 $92,250 (-0.7%) $157,402 (-6.7%) 0.00 17
2019-06-01 $98,000 (-30.0%) $159,460 (-14.4%) 0.00 19
2019-07-01 $103,200 (-33.6%) $164,297 (-33.1%) 0.00 22
2019-08-01 $83,364 (-43.4%) $154,628 (-33.5%) 0.00 19
2019-09-01 $78,659 (-40.4%) $148,802 (-29.3%) 0.00 18
2019-10-01 $75,523 (-42.1%) $149,924 (-28.3%) 0.00 17
2019-11-01 $142,000 (4.8%) $185,450 (-9.5%) 0.00 16
2019-12-01 $175,000 (25.9%) $200,370 (-2.3%) 0.00 15
2020-01-01 $119,475 (-6.6%) $212,710 (12.5%) 0.00 22
2020-02-01 $129,000 (22.0%) $221,967 (24.8%) 0.00 21
2020-03-01 $124,500 (41.3%) $196,946 (20.4%) 0.00 24
2020-04-01 $125,625 (52.6%) $196,579 (22.6%) 0.00 24
2020-05-01 $139,900 (51.7%) $210,062 (33.5%) 0.00 20
2020-06-01 $119,500 (21.9%) $229,483 (43.9%) 0.00 15
2020-07-01 $122,000 (18.2%) $246,046 (49.8%) 0.00 13
2020-08-01 $184,500 (121.3%) $314,591 (103.5%) 0.00 11
2020-09-01 $191,500 (143.5%) $320,690 (115.5%) 0.00 10
2020-10-01 $179,900 (138.2%) $336,533 (124.5%) 0.00 9
2020-11-01 $179,950 (26.7%) $340,589 (83.7%) 0.00 8
2020-12-01 $220,000 (25.7%) $421,343 (110.3%) 0.00 7
2021-01-01 $180,000 (50.7%) $356,531 (67.6%) 0.00 7
2021-02-01 $187,250 (45.2%) $368,114 (65.8%) 0.00 7
2021-03-01 $224,950 (80.7%) $379,479 (92.7%) 0.00 6
2021-04-01 $233,725 (86.1%) $352,419 (79.3%) 0.00 8
2021-05-01 $227,450 (62.6%) $337,800 (60.8%) 0.00 10
2021-06-01 $224,900 (88.2%) $335,055 (46.0%) 0.00 11
2021-07-01 $250,000 (104.9%) $249,863 (1.6%) 0.00 10
2021-08-01 $199,500 (8.1%) $318,610 (1.3%) 0.00 11
2021-09-01 $159,725 (-16.6%) $263,626 (-17.8%) 0.00 13
2021-10-01 $154,900 (-13.9%) $303,972 (-9.7%) 0.00 8
2021-11-01 $198,425 (10.3%) $313,947 (-7.8%) 0.00 11
2021-12-01 $229,000 (4.1%) $332,680 (-21.0%) 0.00 9
2022-01-01 $199,900 (11.1%) $295,527 (-17.1%) 0.00 10
2022-02-01 $194,250 (3.7%) $266,281 (-27.7%) 0.00 12
2022-03-01 $163,200 (-27.5%) $235,933 (-37.8%) 0.00 12
2022-04-01 $151,200 (-35.3%) $232,925 (-33.9%) 0.00 11
2022-05-01 $124,125 (-45.4%) $218,512 (-35.3%) 0.00 14
2022-06-01 $130,600 (-41.9%) $253,732 (-24.3%) 0.00 15
2022-07-01 $159,000 (-36.4%) $277,939 (11.2%) 0.00 15
2022-08-01 $176,175 (-11.7%) $222,595 (-30.1%) 0.00 16
2022-09-01 $156,150 (-2.2%) $230,792 (-12.5%) 0.00 14
2022-10-01 $179,000 (15.6%) $323,833 (6.5%) 0.00 18
2022-11-01 $174,450 (-12.1%) $251,518 (-19.9%) 0.00 17
2022-12-01 $205,000 (-10.5%) $273,613 (-17.8%) 0.00 15
2023-01-01 $184,900 (-7.5%) $237,659 (-19.6%) 0.00 17
2023-02-01 $172,400 (-11.3%) $224,218 (-15.8%) 0.00 17
2023-03-01 $153,475 (-6.0%) $246,047 (4.3%) 0.00 14
2023-04-01 $92,500 (-38.8%) $170,186 (-26.9%) 0.00 15
2023-05-01 $105,000 (-15.4%) $223,541 (2.3%) 0.00 14
2023-06-01 $167,500 (28.3%) $217,573 (-14.3%) 0.00 12
2023-07-01 $167,500 (5.4%) $206,629 (-25.7%) 0.00 11
2023-08-01 $201,925 (14.6%) $232,108 (4.3%) 0.00 12
2023-09-01 $184,900 (18.4%) $227,873 (-1.3%) 0.00 10
2023-10-01 $187,450 (4.7%) $234,831 (-27.5%) 0.00 8
2023-11-01 $261,100 (49.7%) $273,037 (8.6%) 0.00 12
2023-12-01 $242,450 (18.3%) $271,740 (-0.7%) 0.00 11
2024-01-01 $182,450 (-1.3%) $259,143 (9.0%) 0.00 10
2024-02-01 $157,450 (-8.7%) $213,238 (-4.9%) 0.00 10
2024-03-01 $159,500 (3.9%) $212,098 (-13.8%) 0.00 12
2024-04-01 $125,750 (36.0%) $129,669 (-23.8%) 0.00 12
2024-05-01 $94,950 (-9.6%) $128,023 (-42.7%) 0.00 14
2024-06-01 $114,900 (-31.4%) $116,390 (-46.5%) 0.00 12
2024-07-01 $127,000 (-24.2%) $210,564 (1.9%) 0.00 13
2024-08-01 $204,950 (1.5%) $299,781 (29.2%) 0.00 15
2024-09-01 $215,000 (16.3%) $344,373 (51.1%) 0.00 18
2024-10-01 $209,075 (11.5%) $299,598 (27.6%) 0.00 21
Maysville's median listing price for 2024-10-01 was $209,075, a difference of $21,625 (11.5%) versus the prior year and $-5,925 versus the prior month.

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

Maysville's average listing price for 2024-10-01 was $299,598, a difference of $64,767 (27.6%) versus the prior year and $-44,775 versus the prior month.

For the 2024-10-01 period, Maysville had 21 MLS listings, a difference of 3 listings (17%) versus the prior month and 13 listings (163%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Maysville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,800 sqft
2018-02-01 0 days 1,980 sqft
2018-03-01 0 days 2,170 sqft
2018-04-01 0 days 2,400 sqft
2018-05-01 0 days 2,235 sqft
2018-06-01 0 days 2,170 sqft
2018-07-01 0 days 2,700 sqft
2018-08-01 0 days 2,500 sqft
2018-09-01 0 days 2,370 sqft
2018-10-01 0 days 2,571 sqft
2018-11-01 0 days 2,040 sqft
2018-12-01 0 days 1,920 sqft
2019-01-01 0 days 1,800 sqft
2019-02-01 0 days 1,706 sqft
2019-03-01 0 days 1,550 sqft
2019-04-01 0 days 1,438 sqft
2019-05-01 0 days 1,516 sqft
2019-06-01 0 days 1,620 sqft
2019-07-01 0 days 1,674 sqft
2019-08-01 0 days 1,678 sqft
2019-09-01 0 days 1,645 sqft
2019-10-01 0 days 1,624 sqft
2019-11-01 0 days 1,740 sqft
2019-12-01 0 days 1,800 sqft
2020-01-01 0 days 2,084 sqft
2020-02-01 0 days 2,178 sqft
2020-03-01 0 days 1,990 sqft
2020-04-01 0 days 1,848 sqft
2020-05-01 0 days 1,800 sqft
2020-06-01 0 days 1,759 sqft
2020-07-01 0 days 1,848 sqft
2020-08-01 0 days 1,896 sqft
2020-09-01 0 days 2,640 sqft
2020-10-01 0 days 3,507 sqft
2020-11-01 0 days 3,534 sqft
2020-12-01 0 days 3,534 sqft
2021-01-01 0 days 2,960 sqft
2021-02-01 0 days 3,220 sqft
2021-03-01 0 days 2,940 sqft
2021-04-01 0 days 2,640 sqft
2021-05-01 0 days 2,820 sqft
2021-06-01 0 days 2,580 sqft
2021-07-01 0 days 2,240 sqft
2021-08-01 0 days 2,178 sqft
2021-09-01 0 days 2,135 sqft
2021-10-01 0 days 1,842 sqft
2021-11-01 0 days 2,466 sqft
2021-12-01 0 days 3,071 sqft
2022-01-01 0 days 2,576 sqft
2022-02-01 0 days 2,108 sqft
2022-03-01 0 days 2,030 sqft
2022-04-01 0 days 2,430 sqft
2022-05-01 0 days 1,414 sqft
2022-06-01 0 days 2,011 sqft
2022-07-01 0 days 1,959 sqft
2022-08-01 0 days 2,442 sqft
2022-09-01 0 days 1,959 sqft
2022-10-01 0 days 2,344 sqft
2022-11-01 0 days 2,400 sqft
2022-12-01 0 days 2,408 sqft
2023-01-01 0 days 2,406 sqft
2023-02-01 0 days 2,406 sqft
2023-03-01 0 days 1,568 sqft
2023-04-01 0 days 1,374 sqft
2023-05-01 0 days 1,500 sqft
2023-06-01 0 days 1,466 sqft
2023-07-01 0 days 1,527 sqft
2023-08-01 0 days 1,650 sqft
2023-09-01 0 days 1,794 sqft
2023-10-01 0 days 1,520 sqft
2023-11-01 0 days 2,734 sqft
2023-12-01 0 days 2,657 sqft
2024-01-01 0 days 1,664 sqft
2024-02-01 0 days 1,416 sqft
2024-03-01 0 days 1,416 sqft
2024-04-01 0 days 1,563 sqft
2024-05-01 0 days 1,599 sqft
2024-06-01 0 days 1,404 sqft
2024-07-01 0 days 1,358 sqft
2024-08-01 0 days 1,392 sqft
2024-09-01 0 days 1,544 sqft
2024-10-01 0 days 1,683 sqft
Maysville's median listing age (time on market) for 2024-10-01 was 0 days.

Maysville's median square footage for active listings during the 2024-10-01 period was 1,683 sqft. One year prior, the average listing was 1,520 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).