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%.
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. LouisDate | 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 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. LouisDate | 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 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.