Medford FHA Loan Rates, Closing Costs & Stats

MEDFORD, OR

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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.

    Medford's 68 lenders originated 522 FHA loans during 2024. The total origination value was $182,940,000, with an average FHA loan value of $350,460.

    Medford FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Medford averaged 6.82% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

    Medford's average FHA mortgage closing costs are $10,647.

    The average rate for the prior week (2025-05-16) was 6.75% and one month ago for the week of 2025-04-18, the average rate was 6.57%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.42%.

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

    Medford 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 Medford level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 62 6.24% $14,997
    CROSSCOUNTRY MORTGAGE, LLC 49 6.49% $14,791
    Willamette Valley Bank 34 6.14% $15,919
    UNITED WHOLESALE MORTGAGE, LLC 29 6.00% $17,289
    QUICKEN LOANS, LLC 26 6.26% $14,669
    MOVEMENT MORTGAGE, LLC 25 6.37% $14,467
    CMG MORTGAGE, INC. 21 6.38% $13,381
    MORTGAGE EXPRESS, LLC 17 6.26% $13,702
    Nations Lending Corporation 17 6.51% $8,678
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 6.49% $16,395
    DHI MORTGAGE COMPANY, LTD. 14 5.08% $11,875
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 12 6.43% $14,565
    FREEDOM MORTGAGE CORPORATION 11 6.12% $15,103
    Sunflower Bank 11 6.66% $14,498
    LOANDEPOT.COM, LLC 9 6.42% $14,171
    MUTUAL OF OMAHA MORTGAGE, INC. 7 6.84% $17,067
    PREMIER MORTGAGE RESOURCES, L.L.C. 5 5.80% $16,664
    NEWREZ LLC 5 6.35% $12,871
    MOUNTAIN WEST FINANCIAL, INC. 4 6.31% $15,819
    The Loan Store, Inc. 4 6.47% $15,134
    VILLAGE CAPITAL MORTGAGE 4 6.44% $10,101
    Century Mortgage Company DBA Century Lending Company 4 6.84% $10,736
    LOANPAL, LLC 4 5.62% $17,027
    Plains Commerce Bank 4 5.91% $21,606
    PENNYMAC LOAN SERVICES, LLC 4 6.38% $15,546
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.42% $17,847
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 5.92% $17,767
    BROKER SOLUTIONS, INC. 3 6.67% $15,586
    CANOPY MORTGAGE, LLC 3 6.33% $18,312
    Mortgage Research Center, LLC 3 6.79% $8,969
    Franklin Loan Corporation 2 6.00% $15,581
    Sierra Pacific Mortgage Company, Inc. 2 6.25% $18,285
    NATIONS DIRECT MORTGAGE, LLC 2 6.63% $13,435
    SUMMIT FUNDING, INC. 2 5.56% $16,654
    EMM LOANS LLC 2 5.93% $19,798
    SUN WEST MORTGAGE COMPANY, INC. 2 5.88% $14,162
    PLANET HOME LENDING, LLC 2 6.18% $6,139
    Umpqua Bank 2 6.81% $9,153
    AMERISAVE MORTGAGE CORPORATION 2 6.56% $12,215
    PLAZA HOME MORTGAGE, INC. 2 6.75% $18,569
    Carrington Mortgage Services, LLC 2 6.06% $17,703
    AmeriHome Mortgage Company, LLC 2 6.50% $7,091
    AMERICAN FINANCING CORPORATION 2 5.75% $13,767
    OCMBC, INC. 2 7.50% $15,556
    Paramount Bank 1 5.75% $15,307
    Equity Prime Mortgage LLC 1 7.75% $12,223
    Prosperity Home Mortgage, LLC 1 4.75% $16,754
    BAY EQUITY LLC 1 6.63% $14,297
    Stifel Bank and Trust 1 6.00% $8,383
    Banner Bank 1 5.75% $6,652
    AMERITRUST MORTGAGE CORPORATION 1 6.25% $10,420
    U.S. Bank 1 6.75% $11,989
    Vellum Mortgage, Inc. 1 6.13% $10,371
    INTELLILOAN, INC. 1 5.75% $6,087
    JPMorgan Chase Bank 1 6.75% $6,403
    Home Mortgage Alliance Corp 1 6.00% $11,476
    MICHIGAN MUTUAL, INC. 1 5.63% $12,489
    MID AMERICA MORTGAGE, INC. 1 7.63% $4,854
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $7,402
    ZILLOW HOME LOANS, LLC 1 6.13% $13,608
    GUARANTEED RATE, INC. 1 5.75% $24,293
    Mr. Cooper ( Nationstar Mortgage ) 1 7.25% $16,117
    Flanagan State Bank 1 6.75% $11,737
    Flagstar Bank, FSB 1 5.75% $14,253
    First Interstate Bank 1 5.75% $10,315
    OPEN MORTGAGE, LLC 1 6.50% $18,495
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.13% $20,976
    PANORAMA MORTGAGE GROUP, LLC 1 6.50% $8,037

    The top Medford FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 62 FHA loans originated. Their average total fees are $14,997, which is $207 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Medford FHA lenders (with over 10 loans originated) are Nations Lending Corporation ($8,678), DHI MORTGAGE COMPANY, LTD. ($11,875), CMG MORTGAGE, INC. ($13,381), MORTGAGE EXPRESS, LLC ($13,702) and MOVEMENT MORTGAGE, LLC ($14,467).

    The lowest rate Medford FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.08%), UNITED WHOLESALE MORTGAGE, LLC (6.00%), FREEDOM MORTGAGE CORPORATION (6.12%), Willamette Valley Bank (6.14%) and GUILD MORTGAGE COMPANY (6.24%).

    Medford FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Medford (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 $399,500 (3.3%) $586,557 (2.4%) 1.48 745
    2018-02-01 $412,100 (3.4%) $594,461 (3.2%) 1.50 758
    2018-03-01 $410,000 (3.8%) $594,144 (5.1%) 1.44 799
    2018-04-01 $400,000 (-0.6%) $573,661 (-3.7%) 1.36 877
    2018-05-01 $422,000 (4.0%) $583,464 (-0.7%) 1.41 958
    2018-06-01 $430,000 (7.5%) $612,892 (5.4%) 1.43 1,004
    2018-07-01 $428,125 (7.3%) $586,293 (-0.5%) 1.43 1,096
    2018-08-01 $409,988 (3.8%) $567,500 (0.8%) 1.37 1,107
    2018-09-01 $400,000 (1.3%) $563,064 (-2.6%) 1.34 1,141
    2018-10-01 $399,950 (1.9%) $555,337 (-2.3%) 1.35 1,206
    2018-11-01 $399,975 (0.1%) $566,895 (1.2%) 1.36 1,163
    2018-12-01 $399,900 (0.0%) $561,064 (-3.9%) 1.38 1,038
    2019-01-01 $399,900 (0.1%) $553,744 (-5.6%) 1.38 940
    2019-02-01 $399,900 (-3.0%) $558,512 (-6.1%) 1.35 953
    2019-03-01 $408,514 (-0.4%) $566,919 (-4.6%) 1.34 1,005
    2019-04-01 $424,500 (6.1%) $573,899 (0.0%) 1.35 1,077
    2019-05-01 $442,000 (4.7%) $584,737 (0.2%) 1.38 1,167
    2019-06-01 $439,000 (2.1%) $582,043 (-5.0%) 1.37 1,267
    2019-07-01 $424,500 (-0.9%) $581,070 (-0.9%) 1.33 1,247
    2019-08-01 $417,245 (1.8%) $582,549 (2.7%) 1.32 1,203
    2019-09-01 $413,114 (3.3%) $585,713 (4.0%) 1.32 1,141
    2019-10-01 $404,950 (1.3%) $583,363 (5.1%) 1.31 1,096
    2019-11-01 $407,000 (1.8%) $586,971 (3.5%) 1.33 956
    2019-12-01 $408,500 (2.2%) $596,749 (6.4%) 1.36 795
    2020-01-01 $399,950 (0.0%) $604,484 (9.2%) 1.34 703
    2020-02-01 $416,450 (4.1%) $610,166 (9.3%) 1.36 692
    2020-03-01 $437,000 (7.0%) $639,712 (12.8%) 1.37 699
    2020-04-01 $435,000 (2.5%) $636,647 (10.9%) 1.36 752
    2020-05-01 $449,450 (1.7%) $646,115 (10.5%) 1.37 701
    2020-06-01 $460,750 (5.0%) $665,598 (14.4%) 1.36 615
    2020-07-01 $460,950 (8.6%) $668,741 (15.1%) 1.34 562
    2020-08-01 $475,000 (13.8%) $666,949 (14.5%) 1.36 506
    2020-09-01 $484,000 (17.2%) $681,578 (16.4%) 1.39 402
    2020-10-01 $484,900 (19.7%) $684,225 (17.3%) 1.39 321
    2020-11-01 $486,500 (19.5%) $692,166 (17.9%) 1.42 311
    2020-12-01 $499,500 (22.3%) $671,052 (12.5%) 1.49 294
    2021-01-01 $500,000 (25.0%) $688,603 (13.9%) 1.49 246
    2021-02-01 $503,625 (20.9%) $722,127 (18.4%) 1.47 244
    2021-03-01 $499,000 (14.2%) $680,957 (6.5%) 1.42 278
    2021-04-01 $483,750 (11.2%) $663,470 (4.2%) 1.31 273
    2021-05-01 $520,000 (15.7%) $686,716 (6.3%) 1.38 317
    2021-06-01 $525,000 (13.9%) $679,109 (2.0%) 1.38 377
    2021-07-01 $515,000 (11.7%) $679,800 (1.7%) 1.36 418
    2021-08-01 $515,250 (8.5%) $673,066 (0.9%) 1.37 450
    2021-09-01 $499,500 (3.2%) $658,445 (-3.4%) 1.33 498
    2021-10-01 $510,000 (5.2%) $667,077 (-2.5%) 1.36 558
    2021-11-01 $525,000 (7.9%) $694,382 (0.3%) 1.40 500
    2021-12-01 $513,625 (2.8%) $709,749 (5.8%) 1.39 417
    2022-01-01 $549,500 (9.9%) $742,930 (7.9%) 1.49 342
    2022-02-01 $577,500 (14.7%) $768,349 (6.4%) 1.50 342
    2022-03-01 $550,000 (10.2%) $748,099 (9.9%) 1.38 377
    2022-04-01 $552,500 (14.2%) $726,965 (9.6%) 1.32 464
    2022-05-01 $556,250 (7.0%) $717,151 (4.4%) 1.27 605
    2022-06-01 $557,500 (6.2%) $720,300 (6.1%) 1.24 717
    2022-07-01 $535,000 (3.9%) $699,466 (2.9%) 1.21 839
    2022-08-01 $529,450 (2.8%) $698,940 (3.8%) 1.22 836
    2022-09-01 $528,750 (5.9%) $695,211 (5.6%) 1.24 766
    2022-10-01 $534,900 (4.9%) $719,484 (7.9%) 1.26 745
    2022-11-01 $524,950 (0.0%) $706,360 (1.7%) 1.26 707
    2022-12-01 $510,000 (-0.7%) $715,888 (0.9%) 1.26 626
    2023-01-01 $517,225 (-5.9%) $723,692 (-2.6%) 1.28 533
    2023-02-01 $548,000 (-5.1%) $753,862 (-1.9%) 1.32 501
    2023-03-01 $541,925 (-1.5%) $743,258 (-0.7%) 1.28 516
    2023-04-01 $544,950 (-1.4%) $738,022 (1.5%) 1.27 532
    2023-05-01 $549,000 (-1.3%) $741,518 (3.4%) 1.24 624
    2023-06-01 $552,500 (-0.9%) $767,250 (6.5%) 1.24 675
    2023-07-01 $549,900 (2.8%) $753,810 (7.8%) 1.25 706
    2023-08-01 $550,000 (3.9%) $741,088 (6.0%) 1.26 679
    2023-09-01 $535,000 (1.2%) $710,473 (2.2%) 1.25 696
    2023-10-01 $505,000 (-5.6%) $685,860 (-4.7%) 1.19 725
    2023-11-01 $525,000 (0.0%) $718,529 (1.7%) 1.25 673
    2023-12-01 $514,500 (0.9%) $700,194 (-2.2%) 1.25 628
    2024-01-01 $499,000 (-3.5%) $687,083 (-5.1%) 1.22 562
    2024-02-01 $499,473 (-8.9%) $684,429 (-9.2%) 1.20 541
    2024-03-01 $529,500 (-2.3%) $706,215 (-5.0%) 1.25 597
    2024-04-01 $526,750 (-3.3%) $715,120 (-3.1%) 1.23 672
    2024-05-01 $553,500 (0.8%) $748,652 (1.0%) 1.26 725
    2024-06-01 $545,000 (-1.4%) $734,517 (-4.3%) 1.24 752
    2024-07-01 $552,863 (0.5%) $754,045 (0.0%) 1.26 806
    2024-08-01 $540,000 (-1.8%) $729,450 (-1.6%) 1.26 821
    2024-09-01 $526,000 (-1.7%) $721,707 (1.6%) 1.24 828
    2024-10-01 $536,000 (6.1%) $717,684 (4.6%) 1.26 848
    2024-11-01 $525,000 (0.0%) $708,531 (-1.4%) 1.26 828
    2024-12-01 $524,997 (2.0%) $692,921 (-1.0%) 1.30 708
    2025-01-01 $516,346 (3.5%) $688,381 (0.2%) 1.29 659
    2025-02-01 $511,821 (2.5%) $717,089 (4.8%) 1.24 654
    2025-03-01 $529,000 (-0.1%) $733,845 (3.9%) 1.25 664
    2025-04-01 $530,000 (0.6%) $712,320 (-0.4%) 1.23 753
    Medford's median listing price for 2025-04-01 was $530,000, a difference of $3,250 (0.6%) versus the prior year and $1,000 versus the prior month.

    Medford's median listing price comes in at 123% of the national average.

    Medford's average listing price for 2025-04-01 was $712,320, a difference of $-2,800 (-0.4%) versus the prior year and $-21,525 versus the prior month.

    For the 2025-04-01 period, Medford had 753 MLS listings, a difference of 89 listings (13%) versus the prior month and 81 listings (12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Medford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 80 days 1,906 sqft
    2018-02-01 74 days 1,914 sqft
    2018-03-01 61 days 1,948 sqft
    2018-04-01 50 days 1,947 sqft
    2018-05-01 50 days 1,993 sqft
    2018-06-01 51 days 2,032 sqft
    2018-07-01 53 days 2,017 sqft
    2018-08-01 59 days 1,992 sqft
    2018-09-01 71 days 1,964 sqft
    2018-10-01 71 days 1,942 sqft
    2018-11-01 67 days 1,946 sqft
    2018-12-01 78 days 1,919 sqft
    2019-01-01 87 days 1,881 sqft
    2019-02-01 84 days 1,889 sqft
    2019-03-01 69 days 1,904 sqft
    2019-04-01 52 days 1,931 sqft
    2019-05-01 45 days 1,998 sqft
    2019-06-01 50 days 1,978 sqft
    2019-07-01 59 days 1,938 sqft
    2019-08-01 65 days 1,933 sqft
    2019-09-01 70 days 1,941 sqft
    2019-10-01 73 days 1,937 sqft
    2019-11-01 75 days 1,938 sqft
    2019-12-01 78 days 1,874 sqft
    2020-01-01 80 days 1,860 sqft
    2020-02-01 72 days 1,858 sqft
    2020-03-01 45 days 1,907 sqft
    2020-04-01 49 days 1,906 sqft
    2020-05-01 60 days 2,025 sqft
    2020-06-01 69 days 2,055 sqft
    2020-07-01 69 days 2,086 sqft
    2020-08-01 61 days 2,080 sqft
    2020-09-01 68 days 2,116 sqft
    2020-10-01 78 days 2,044 sqft
    2020-11-01 59 days 1,984 sqft
    2020-12-01 57 days 1,914 sqft
    2021-01-01 66 days 1,893 sqft
    2021-02-01 44 days 1,872 sqft
    2021-03-01 39 days 1,904 sqft
    2021-04-01 43 days 1,851 sqft
    2021-05-01 33 days 1,883 sqft
    2021-06-01 38 days 1,885 sqft
    2021-07-01 39 days 1,881 sqft
    2021-08-01 43 days 1,868 sqft
    2021-09-01 43 days 1,848 sqft
    2021-10-01 44 days 1,838 sqft
    2021-11-01 54 days 1,872 sqft
    2021-12-01 67 days 1,837 sqft
    2022-01-01 75 days 1,866 sqft
    2022-02-01 55 days 1,928 sqft
    2022-03-01 40 days 1,842 sqft
    2022-04-01 38 days 1,860 sqft
    2022-05-01 36 days 1,848 sqft
    2022-06-01 40 days 1,881 sqft
    2022-07-01 46 days 1,825 sqft
    2022-08-01 56 days 1,825 sqft
    2022-09-01 65 days 1,811 sqft
    2022-10-01 73 days 1,829 sqft
    2022-11-01 80 days 1,834 sqft
    2022-12-01 86 days 1,795 sqft
    2023-01-01 94 days 1,822 sqft
    2023-02-01 92 days 1,858 sqft
    2023-03-01 59 days 1,866 sqft
    2023-04-01 53 days 1,840 sqft
    2023-05-01 49 days 1,858 sqft
    2023-06-01 49 days 1,891 sqft
    2023-07-01 56 days 1,894 sqft
    2023-08-01 62 days 1,890 sqft
    2023-09-01 64 days 1,886 sqft
    2023-10-01 65 days 1,828 sqft
    2023-11-01 72 days 1,828 sqft
    2023-12-01 78 days 1,798 sqft
    2024-01-01 84 days 1,785 sqft
    2024-02-01 82 days 1,777 sqft
    2024-03-01 59 days 1,836 sqft
    2024-04-01 49 days 1,852 sqft
    2024-05-01 52 days 1,876 sqft
    2024-06-01 57 days 1,886 sqft
    2024-07-01 61 days 1,925 sqft
    2024-08-01 63 days 1,920 sqft
    2024-09-01 69 days 1,871 sqft
    2024-10-01 70 days 1,902 sqft
    2024-11-01 73 days 1,890 sqft
    2024-12-01 84 days 1,877 sqft
    2025-01-01 95 days 1,811 sqft
    2025-02-01 95 days 1,803 sqft
    2025-03-01 73 days 1,861 sqft
    2025-04-01 52 days 1,853 sqft
    Medford's median listing age (time on market) for 2025-04-01 was 52 days. This is 5% longer than the same period one year ago.

    Medford's median square footage for active listings during the 2025-04-01 period was 1,853 sqft. One year prior, the average listing was 1,852 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).