Moscow FHA Loan Rates, Closing Costs & Stats

Moscow, ID

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.

Moscow's 16 lenders originated 41 FHA loans during 2023. The total origination value was $13,015,000, with an average FHA loan value of $317,439.

Moscow FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Moscow averaged 6.58% for the week of 2024-03-22, compared to the national average (all FHA variants) of 6.696% for the same period.

Moscow's average FHA mortgage closing costs are $8,951.

The average rate for the prior week (2024-03-15) was 6.3% and one month ago for the week of 2024-02-16, the average rate was 6.42%.

The average rate one year ago was 6.31%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.8%.

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

Moscow 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 Moscow level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 8 5.95% $13,422
QUICKEN LOANS, LLC 7 6.21% $15,702
CMG MORTGAGE, INC. 3 6.79% $11,185
Franklin Loan Corporation 2 5.94% $17,136
LAND HOME FINANCIAL SERVICES, INC. 2 6.44% $11,529
MANN FINANCIAL INC. 1 6.25% $13,284
ON Q FINANCIAL, INC. 1 6.13% $9,727
PHH Mortgage Corporation 1 5.49% $20,017
Plains Commerce Bank 1 6.63% $9,097
Wallick & Volk, Inc. 1 6.00% $3,277
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $8,414
Zions Bank 1 6.75% $11,440
AmeriHome Mortgage Company, LLC 1 6.63% $9,377
GUARANTEED RATE, INC. 1 5.75% $13,653
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.50% $16,041
Ixonia Bank 1 6.75% $6,297

The top Moscow FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 8 FHA loans originated. Their average total fees are $13,422, which is $2,280 lower than the next largest lender, QUICKEN LOANS, LLC.

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

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

Moscow FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Moscow (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 $261,125 (13.2%) $379,740 (28.0%) 0.00 56
2018-02-01 $264,450 (17.6%) $389,281 (41.0%) 0.00 60
2018-03-01 $253,900 (22.1%) $374,126 (34.6%) 0.00 60
2018-04-01 $283,250 (17.1%) $379,565 (32.7%) 0.00 77
2018-05-01 $276,000 (6.3%) $386,015 (20.1%) 0.00 84
2018-06-01 $277,400 (11.0%) $385,338 (25.4%) 0.00 86
2018-07-01 $275,063 (10.9%) $397,533 (30.4%) 0.00 94
2018-08-01 $269,700 (6.9%) $398,624 (23.5%) 0.00 100
2018-09-01 $269,900 (3.9%) $393,949 (17.2%) 0.00 97
2018-10-01 $269,800 (3.8%) $398,929 (13.8%) 0.00 88
2018-11-01 $261,625 (1.8%) $395,651 (18.1%) 0.00 76
2018-12-01 $265,000 (6.4%) $414,866 (15.8%) 0.00 57
2019-01-01 $308,450 (18.1%) $423,903 (11.6%) 0.00 55
2019-02-01 $332,750 (25.8%) $459,788 (18.1%) 0.00 49
2019-03-01 $368,143 (45.0%) $460,072 (23.0%) 0.00 59
2019-04-01 $384,000 (35.6%) $445,004 (17.2%) 0.00 75
2019-05-01 $389,000 (40.9%) $443,503 (14.9%) 0.00 78
2019-06-01 $339,500 (22.4%) $417,099 (8.2%) 0.00 95
2019-07-01 $342,475 (24.5%) $417,328 (5.0%) 0.00 96
2019-08-01 $305,545 (13.3%) $403,710 (1.3%) 0.00 93
2019-09-01 $288,364 (6.8%) $388,344 (-1.4%) 0.00 89
2019-10-01 $275,000 (1.9%) $380,313 (-4.7%) 0.00 84
2019-11-01 $295,000 (12.8%) $413,357 (4.5%) 0.00 62
2019-12-01 $289,750 (9.3%) $438,530 (5.7%) 0.00 53
2020-01-01 $282,375 (-8.5%) $432,706 (2.1%) 0.00 48
2020-02-01 $275,000 (-17.4%) $420,123 (-8.6%) 0.00 47
2020-03-01 $307,875 (-16.4%) $438,837 (-4.6%) 0.00 54
2020-04-01 $364,000 (-5.2%) $425,478 (-4.4%) 0.00 62
2020-05-01 $379,000 (-2.6%) $424,752 (-4.2%) 0.00 53
2020-06-01 $317,500 (-6.5%) $431,327 (3.4%) 0.00 50
2020-07-01 $353,975 (3.4%) $391,297 (-6.2%) 0.00 40
2020-08-01 $374,950 (22.7%) $429,751 (6.5%) 0.00 29
2020-09-01 $326,964 (13.4%) $401,444 (3.4%) 0.00 26
2020-10-01 $347,000 (26.2%) $403,286 (6.0%) 0.00 26
2020-11-01 $324,000 (9.8%) $380,843 (-7.9%) 0.00 25
2020-12-01 $318,225 (9.8%) $377,204 (-14.0%) 0.00 24
2021-01-01 $311,739 (10.4%) $401,832 (-7.1%) 0.00 19
2021-02-01 $347,125 (26.2%) $489,238 (16.5%) 0.00 12
2021-03-01 $329,250 (6.9%) $505,169 (15.1%) 0.00 12
2021-04-01 $368,068 (1.1%) $663,361 (55.9%) 0.00 16
2021-05-01 $360,000 (-5.0%) $624,784 (47.1%) 0.00 32
2021-06-01 $391,000 (23.2%) $632,639 (46.7%) 0.00 35
2021-07-01 $435,000 (22.9%) $684,792 (75.0%) 0.00 37
2021-08-01 $475,000 (26.7%) $683,653 (59.1%) 0.00 40
2021-09-01 $497,000 (52.0%) $709,206 (76.7%) 0.00 35
2021-10-01 $439,000 (26.5%) $748,928 (85.7%) 0.00 30
2021-11-01 $469,600 (44.9%) $814,753 (113.9%) 0.00 21
2021-12-01 $664,500 (108.8%) $940,877 (149.4%) 0.00 13
2022-01-01 $593,500 (90.4%) $941,963 (134.4%) 0.00 13
2022-02-01 $546,500 (57.4%) $899,904 (83.9%) 0.00 21
2022-03-01 $593,200 (80.2%) $864,641 (71.2%) 0.00 16
2022-04-01 $474,000 (28.8%) $738,386 (11.3%) 0.00 28
2022-05-01 $470,475 (30.7%) $720,373 (15.3%) 0.00 36
2022-06-01 $473,000 (21.0%) $650,583 (2.8%) 0.00 47
2022-07-01 $467,500 (7.5%) $607,904 (-11.2%) 0.00 64
2022-08-01 $477,000 (0.4%) $653,958 (-4.3%) 0.00 62
2022-09-01 $489,000 (-1.6%) $676,161 (-4.7%) 0.00 58
2022-10-01 $489,000 (11.4%) $675,206 (-9.8%) 0.00 62
2022-11-01 $458,250 (-2.4%) $652,861 (-19.9%) 0.00 53
2022-12-01 $474,500 (-28.6%) $724,335 (-23.0%) 0.00 45
2023-01-01 $471,500 (-20.6%) $713,698 (-24.2%) 0.00 41
2023-02-01 $499,750 (-8.6%) $707,309 (-21.4%) 0.00 41
2023-03-01 $482,000 (-18.8%) $636,255 (-26.4%) 0.00 50
2023-04-01 $485,000 (2.3%) $658,098 (-10.9%) 0.00 55
2023-05-01 $514,000 (9.3%) $712,519 (-1.1%) 0.00 53
2023-06-01 $515,500 (9.0%) $636,408 (-2.2%) 0.00 67
2023-07-01 $540,000 (15.5%) $661,864 (8.9%) 0.00 74
2023-08-01 $530,450 (11.2%) $677,317 (3.6%) 0.00 87
2023-09-01 $485,000 (-0.8%) $644,439 (-4.7%) 0.00 83
2023-10-01 $528,750 (8.1%) $694,931 (2.9%) 0.00 76
2023-11-01 $537,500 (17.3%) $711,032 (8.9%) 0.00 76
2023-12-01 $529,500 (11.6%) $725,165 (0.1%) 0.00 70
2024-01-01 $511,500 (8.5%) $749,476 (5.0%) 0.00 57
2024-02-01 $601,500 (20.4%) $830,917 (17.5%) 0.00 49
Moscow's median listing price for 2024-02-01 was $601,500, a difference of $101,750 (20.4%) versus the prior year and $90,000 versus the prior month.

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

Moscow's average listing price for 2024-02-01 was $830,917, a difference of $123,608 (17.5%) versus the prior year and $81,441 versus the prior month.

For the 2024-02-01 period, Moscow had 49 MLS listings, a difference of -8 listings (-14%) versus the prior month and 8 listings (20%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Moscow (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,177 sqft
2018-02-01 0 days 2,110 sqft
2018-03-01 0 days 1,950 sqft
2018-04-01 0 days 2,086 sqft
2018-05-01 0 days 2,048 sqft
2018-06-01 0 days 2,072 sqft
2018-07-01 0 days 2,072 sqft
2018-08-01 0 days 2,104 sqft
2018-09-01 0 days 2,200 sqft
2018-10-01 0 days 2,325 sqft
2018-11-01 0 days 2,305 sqft
2018-12-01 0 days 2,311 sqft
2019-01-01 0 days 2,415 sqft
2019-02-01 0 days 2,534 sqft
2019-03-01 0 days 2,539 sqft
2019-04-01 0 days 2,539 sqft
2019-05-01 0 days 2,714 sqft
2019-06-01 0 days 2,420 sqft
2019-07-01 0 days 2,445 sqft
2019-08-01 0 days 2,168 sqft
2019-09-01 0 days 2,024 sqft
2019-10-01 0 days 1,901 sqft
2019-11-01 0 days 1,951 sqft
2019-12-01 0 days 2,235 sqft
2020-01-01 0 days 2,187 sqft
2020-02-01 0 days 1,889 sqft
2020-03-01 0 days 2,049 sqft
2020-04-01 0 days 2,260 sqft
2020-05-01 0 days 2,210 sqft
2020-06-01 0 days 1,871 sqft
2020-07-01 0 days 2,126 sqft
2020-08-01 0 days 2,430 sqft
2020-09-01 0 days 1,906 sqft
2020-10-01 0 days 2,193 sqft
2020-11-01 0 days 1,871 sqft
2020-12-01 0 days 1,621 sqft
2021-01-01 0 days 1,587 sqft
2021-02-01 0 days 1,800 sqft
2021-03-01 0 days 1,726 sqft
2021-04-01 0 days 1,902 sqft
2021-05-01 0 days 1,833 sqft
2021-06-01 0 days 1,899 sqft
2021-07-01 0 days 2,118 sqft
2021-08-01 0 days 2,282 sqft
2021-09-01 0 days 2,522 sqft
2021-10-01 0 days 2,156 sqft
2021-11-01 0 days 2,385 sqft
2021-12-01 0 days 2,752 sqft
2022-01-01 0 days 2,673 sqft
2022-02-01 0 days 2,610 sqft
2022-03-01 0 days 2,134 sqft
2022-04-01 0 days 2,029 sqft
2022-05-01 0 days 2,017 sqft
2022-06-01 0 days 2,002 sqft
2022-07-01 0 days 1,660 sqft
2022-08-01 0 days 2,138 sqft
2022-09-01 0 days 2,191 sqft
2022-10-01 0 days 2,147 sqft
2022-11-01 0 days 2,151 sqft
2022-12-01 0 days 2,292 sqft
2023-01-01 0 days 2,124 sqft
2023-02-01 0 days 2,376 sqft
2023-03-01 0 days 2,150 sqft
2023-04-01 0 days 2,285 sqft
2023-05-01 0 days 2,273 sqft
2023-06-01 0 days 2,247 sqft
2023-07-01 0 days 2,320 sqft
2023-08-01 0 days 2,207 sqft
2023-09-01 0 days 2,200 sqft
2023-10-01 0 days 2,283 sqft
2023-11-01 0 days 2,367 sqft
2023-12-01 0 days 2,363 sqft
2024-01-01 0 days 1,964 sqft
2024-02-01 0 days 2,330 sqft
Moscow's median listing age (time on market) for 2024-02-01 was 0 days.

Moscow's median square footage for active listings during the 2024-02-01 period was 2,330 sqft. One year prior, the average listing was 2,376 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).