Moscow FHA Loan Rates, Closing Costs & Stats

Moscow, ID

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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.

    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 5.96% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.23% and one month ago for the week of 2024-11-08, the average rate was 6.49%.

    The average rate one year ago was 6.9%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.38%.

    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
    2024-03-01 $587,498 (21.9%) $752,058 (18.2%) 0.00 68
    2024-04-01 $500,500 (3.2%) $646,573 (-1.8%) 0.00 79
    2024-05-01 $526,500 (2.4%) $638,328 (-10.4%) 0.00 82
    2024-06-01 $579,000 (12.3%) $662,602 (4.1%) 0.00 87
    2024-07-01 $509,450 (-5.7%) $630,584 (-4.7%) 0.00 86
    2024-08-01 $530,750 (0.1%) $582,115 (-14.1%) 0.00 90
    2024-09-01 $487,250 (0.5%) $567,004 (-12.0%) 0.00 105
    2024-10-01 $495,000 (-6.4%) $574,830 (-17.3%) 0.00 87
    2024-11-01 $495,000 (-7.9%) $582,369 (-18.1%) 0.00 80
    Moscow's median listing price for 2024-11-01 was $495,000, a difference of $-42,500 (-7.9%) versus the prior year and $0 versus the prior month.

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

    Moscow's average listing price for 2024-11-01 was $582,369, a difference of $-128,663 (-18.1%) versus the prior year and $7,539 versus the prior month.

    For the 2024-11-01 period, Moscow had 80 MLS listings, a difference of -7 listings (-8%) versus the prior month and 4 listings (5%) 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
    2024-03-01 0 days 2,396 sqft
    2024-04-01 0 days 2,202 sqft
    2024-05-01 0 days 2,192 sqft
    2024-06-01 0 days 2,214 sqft
    2024-07-01 0 days 2,190 sqft
    2024-08-01 0 days 2,145 sqft
    2024-09-01 0 days 2,014 sqft
    2024-10-01 0 days 1,944 sqft
    2024-11-01 0 days 1,923 sqft
    Moscow's median listing age (time on market) for 2024-11-01 was 0 days.

    Moscow's median square footage for active listings during the 2024-11-01 period was 1,923 sqft. One year prior, the average listing was 2,367 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).