Medford FHA Loan Rates, Closing Costs & Stats
MEDFORD, OR
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 57 lenders originated 456 FHA loans during 2023. The total origination value was $144,080,000, with an average FHA loan value of $315,965.
Medford FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Medford
averaged
-0.09%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Medford's average FHA mortgage closing costs are $10,175.
The average rate for the prior week (2024-11-22) was
6.7% and
one month ago for the week of 2024-10-25, the
average rate was 6.18%.
The average rate one year ago was 6.87%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.18%.
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.
The top Medford FHA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
63 FHA loans originated. Their average total fees are
$15,040, which is $249
higher than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Medford FHA lenders (with over 10 loans originated) are
Nations Lending Corporation ($11,799), MUTUAL OF OMAHA MORTGAGE, INC. ($13,415), NEWREZ LLC ($13,763), UNITED WHOLESALE MORTGAGE, LLC ($13,883) and MORTGAGE EXPRESS, LLC ($13,938).
The lowest rate Medford FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.05%), PENNYMAC LOAN SERVICES, LLC (6.09%), UNITED WHOLESALE MORTGAGE, LLC (6.20%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.33%) and GUILD MORTGAGE COMPANY (6.37%).
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. LouisDate | 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%) | $594,480 (5.2%) | 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 | $409,475 (3.7%) | $567,569 (0.8%) | 1.37 | 1,106 |
2018-09-01 | $400,000 (1.3%) | $563,130 (-2.6%) | 1.34 | 1,140 |
2018-10-01 | $399,950 (1.9%) | $555,395 (-2.3%) | 1.35 | 1,205 |
2018-11-01 | $399,975 (0.1%) | $567,113 (1.2%) | 1.36 | 1,161 |
2018-12-01 | $399,900 (0.0%) | $561,137 (-3.9%) | 1.38 | 1,037 |
2019-01-01 | $399,900 (0.1%) | $553,816 (-5.6%) | 1.38 | 939 |
2019-02-01 | $399,900 (-3.0%) | $558,588 (-6.0%) | 1.35 | 952 |
2019-03-01 | $408,514 (-0.4%) | $566,999 (-4.6%) | 1.34 | 1,004 |
2019-04-01 | $424,500 (6.1%) | $573,978 (0.1%) | 1.35 | 1,076 |
2019-05-01 | $442,000 (4.7%) | $584,820 (0.2%) | 1.38 | 1,166 |
2019-06-01 | $439,000 (2.1%) | $582,119 (-5.0%) | 1.37 | 1,266 |
2019-07-01 | $424,500 (-0.9%) | $581,144 (-0.9%) | 1.33 | 1,246 |
2019-08-01 | $417,245 (1.9%) | $582,603 (2.7%) | 1.32 | 1,202 |
2019-09-01 | $413,114 (3.3%) | $585,737 (4.0%) | 1.32 | 1,141 |
2019-10-01 | $404,950 (1.3%) | $583,366 (5.0%) | 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 (9.2%) | 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 (14.3%) | 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%) | $663,530 (4.2%) | 1.31 | 272 |
2021-05-01 | $518,000 (15.3%) | $686,912 (6.3%) | 1.38 | 316 |
2021-06-01 | $525,000 (13.9%) | $679,280 (2.1%) | 1.38 | 376 |
2021-07-01 | $512,000 (11.1%) | $679,957 (1.7%) | 1.35 | 417 |
2021-08-01 | $514,000 (8.2%) | $673,208 (0.9%) | 1.37 | 449 |
2021-09-01 | $499,500 (3.2%) | $658,231 (-3.4%) | 1.33 | 498 |
2021-10-01 | $510,000 (5.2%) | $666,876 (-2.5%) | 1.36 | 557 |
2021-11-01 | $523,500 (7.6%) | $694,541 (0.3%) | 1.40 | 499 |
2021-12-01 | $512,500 (2.6%) | $709,732 (5.8%) | 1.39 | 416 |
2022-01-01 | $549,250 (9.9%) | $743,280 (7.9%) | 1.48 | 341 |
2022-02-01 | $577,425 (14.7%) | $768,770 (6.5%) | 1.50 | 341 |
2022-03-01 | $550,000 (10.2%) | $748,428 (9.9%) | 1.38 | 376 |
2022-04-01 | $552,500 (14.2%) | $727,212 (9.6%) | 1.32 | 464 |
2022-05-01 | $556,250 (7.4%) | $717,151 (4.4%) | 1.27 | 605 |
2022-06-01 | $557,500 (6.2%) | $720,456 (6.1%) | 1.24 | 716 |
2022-07-01 | $535,000 (4.5%) | $699,466 (2.9%) | 1.21 | 839 |
2022-08-01 | $529,450 (3.0%) | $698,940 (3.8%) | 1.22 | 836 |
2022-09-01 | $528,750 (5.9%) | $695,272 (5.6%) | 1.24 | 766 |
2022-10-01 | $534,900 (4.9%) | $719,484 (7.9%) | 1.26 | 745 |
2022-11-01 | $524,975 (0.3%) | $706,794 (1.8%) | 1.26 | 706 |
2022-12-01 | $510,000 (-0.5%) | $715,888 (0.9%) | 1.26 | 626 |
2023-01-01 | $517,225 (-5.8%) | $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 | $554,750 (1.1%) | $750,569 (1.2%) | 1.25 | 725 |
2024-06-01 | $550,000 (-0.5%) | $749,626 (-2.3%) | 1.24 | 751 |
2024-07-01 | $552,863 (0.5%) | $754,045 (0.0%) | 1.26 | 806 |
2024-08-01 | $540,000 (-1.8%) | $733,501 (-1.0%) | 1.26 | 863 |
2024-09-01 | $531,970 (-0.6%) | $719,462 (1.3%) | 1.25 | 917 |
2024-10-01 | $534,750 (5.9%) | $710,617 (3.6%) | 1.26 | 963 |
Medford's median listing price comes in at 126% of the national average.
Medford's average listing price for 2024-10-01 was $710,617, a difference of $24,757 (3.6%) versus the prior year and $-8,845 versus the prior month.
For the 2024-10-01 period, Medford had 963 MLS listings, a difference of 46 listings (5%) versus the prior month and 238 listings (33%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Medford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 80 days | 1,900 sqft |
2018-02-01 | 74 days | 1,911 sqft |
2018-03-01 | 61 days | 1,931 sqft |
2018-04-01 | 50 days | 1,936 sqft |
2018-05-01 | 50 days | 1,987 sqft |
2018-06-01 | 51 days | 2,026 sqft |
2018-07-01 | 53 days | 2,016 sqft |
2018-08-01 | 59 days | 1,982 sqft |
2018-09-01 | 71 days | 1,962 sqft |
2018-10-01 | 71 days | 1,937 sqft |
2018-11-01 | 67 days | 1,946 sqft |
2018-12-01 | 78 days | 1,918 sqft |
2019-01-01 | 87 days | 1,881 sqft |
2019-02-01 | 83 days | 1,889 sqft |
2019-03-01 | 69 days | 1,903 sqft |
2019-04-01 | 52 days | 1,930 sqft |
2019-05-01 | 45 days | 1,999 sqft |
2019-06-01 | 50 days | 1,981 sqft |
2019-07-01 | 59 days | 1,938 sqft |
2019-08-01 | 65 days | 1,933 sqft |
2019-09-01 | 70 days | 1,943 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 | 1,909 sqft |
2020-04-01 | 49 days | 1,907 sqft |
2020-05-01 | 60 days | 2,026 sqft |
2020-06-01 | 69 days | 2,056 sqft |
2020-07-01 | 69 days | 2,086 sqft |
2020-08-01 | 61 days | 2,071 sqft |
2020-09-01 | 68 days | 2,113 sqft |
2020-10-01 | 78 days | 2,042 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 | 1,906 sqft |
2021-04-01 | 43 days | 1,846 sqft |
2021-05-01 | 33 days | 1,882 sqft |
2021-06-01 | 38 days | 1,882 sqft |
2021-07-01 | 39 days | 1,879 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 | 1,869 sqft |
2021-12-01 | 67 days | 1,835 sqft |
2022-01-01 | 75 days | 1,865 sqft |
2022-02-01 | 54 days | 1,927 sqft |
2022-03-01 | 40 days | 1,841 sqft |
2022-04-01 | 38 days | 1,860 sqft |
2022-05-01 | 36 days | 1,851 sqft |
2022-06-01 | 40 days | 1,882 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 | 1,836 sqft |
2022-12-01 | 86 days | 1,796 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 | 51 days | 1,881 sqft |
2024-06-01 | 54 days | 1,900 sqft |
2024-07-01 | 61 days | 1,925 sqft |
2024-08-01 | 63 days | 1,920 sqft |
2024-09-01 | 73 days | 1,884 sqft |
2024-10-01 | 80 days | 1,878 sqft |
Medford's median square footage for active listings during the 2024-10-01 period was 1,878 sqft. One year prior, the average listing was 1,828 sqft.