Naples FHA Loan Rates, Closing Costs & Stats
NAPLES-MARCO ISLAND, FL
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.
Naples's 113 lenders originated 799 FHA loans during 2023. The total origination value was $343,675,000, with an average FHA loan value of $430,131.
Naples FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Naples
averaged
0.09%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Naples's average FHA mortgage closing costs are $11,754.
The average rate for the prior week (2024-11-22) was
6.58% and
one month ago for the week of 2024-10-25, the
average rate was 6.26%.
The average rate one year ago was 6.85%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.21%.
Naples 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 Naples level.
The top Naples FHA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
157 FHA loans originated. Their average total fees are
$20,376, which is $2,153
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Naples FHA lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC ($12,618), PULTE MORTGAGE LLC ($12,688), EAGLE HOME MORTGAGE, LLC ($13,465), BROKER SOLUTIONS, INC. ($17,789) and UNITED WHOLESALE MORTGAGE, LLC ($18,222).
The lowest rate Naples FHA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (5.99%), UNITED WHOLESALE MORTGAGE, LLC (6.22%), QUICKEN LOANS, LLC (6.23%), LOANDEPOT.COM, LLC (6.38%) and GENEVA FINANCIAL, LLC (6.39%).
Naples FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
NAPLES-MARCO ISLAND, FL | COLLIER | 2022 | $552,000 | $706,650 | $854,200 | $1,061,550 |
NAPLES-MARCO ISLAND, FL | COLLIER | 2023 | $672,750 | $861,250 | $1,041,050 | $1,293,750 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Naples (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 | $468,900 (-6.0%) | $955,497 (-6.6%) | 1.74 | 6,385 |
2018-02-01 | $469,000 (-5.7%) | $938,749 (-7.2%) | 1.70 | 6,867 |
2018-03-01 | $460,000 (-6.0%) | $930,658 (-7.1%) | 1.61 | 7,090 |
2018-04-01 | $456,100 (-6.7%) | $911,095 (-7.9%) | 1.55 | 6,898 |
2018-05-01 | $449,900 (-5.3%) | $893,558 (-8.7%) | 1.50 | 6,574 |
2018-06-01 | $449,900 (-5.7%) | $883,640 (-9.3%) | 1.50 | 6,206 |
2018-07-01 | $449,700 (-5.3%) | $886,938 (-7.1%) | 1.50 | 5,894 |
2018-08-01 | $445,473 (-5.2%) | $883,042 (-8.0%) | 1.49 | 5,719 |
2018-09-01 | $439,950 (-6.4%) | $882,337 (-9.6%) | 1.48 | 5,649 |
2018-10-01 | $445,000 (-5.1%) | $910,227 (-5.9%) | 1.51 | 6,080 |
2018-11-01 | $449,000 (-4.3%) | $920,712 (-3.8%) | 1.52 | 6,595 |
2018-12-01 | $449,000 (-2.4%) | $915,696 (-3.8%) | 1.55 | 6,957 |
2019-01-01 | $449,450 (-4.2%) | $924,565 (-3.2%) | 1.55 | 7,385 |
2019-02-01 | $454,684 (-3.1%) | $923,013 (-1.7%) | 1.54 | 7,862 |
2019-03-01 | $458,914 (-0.2%) | $932,859 (0.2%) | 1.50 | 7,821 |
2019-04-01 | $458,989 (0.6%) | $932,334 (2.3%) | 1.46 | 7,659 |
2019-05-01 | $450,000 (0.0%) | $927,167 (3.8%) | 1.41 | 7,112 |
2019-06-01 | $450,000 (0.0%) | $938,364 (6.2%) | 1.41 | 6,566 |
2019-07-01 | $449,450 (-0.1%) | $918,666 (3.6%) | 1.41 | 6,107 |
2019-08-01 | $449,245 (0.9%) | $920,740 (4.3%) | 1.42 | 5,957 |
2019-09-01 | $449,614 (2.2%) | $919,825 (4.3%) | 1.44 | 5,878 |
2019-10-01 | $449,950 (1.1%) | $923,402 (1.5%) | 1.45 | 5,850 |
2019-11-01 | $459,000 (2.2%) | $950,477 (3.2%) | 1.50 | 6,017 |
2019-12-01 | $465,000 (3.6%) | $960,423 (4.9%) | 1.55 | 6,125 |
2020-01-01 | $475,000 (5.7%) | $997,643 (7.9%) | 1.59 | 6,087 |
2020-02-01 | $475,000 (4.5%) | $991,163 (7.4%) | 1.55 | 6,203 |
2020-03-01 | $475,000 (3.5%) | $1,008,669 (8.1%) | 1.49 | 6,160 |
2020-04-01 | $469,160 (2.2%) | $978,840 (5.0%) | 1.47 | 5,994 |
2020-05-01 | $473,345 (5.2%) | $1,008,953 (8.8%) | 1.44 | 5,683 |
2020-06-01 | $475,000 (5.6%) | $1,025,949 (9.3%) | 1.40 | 5,341 |
2020-07-01 | $474,000 (5.5%) | $1,031,953 (12.3%) | 1.37 | 4,927 |
2020-08-01 | $475,000 (5.7%) | $1,051,742 (14.2%) | 1.36 | 4,621 |
2020-09-01 | $478,579 (6.4%) | $1,064,008 (15.7%) | 1.37 | 4,314 |
2020-10-01 | $475,000 (5.6%) | $1,068,283 (15.7%) | 1.36 | 4,156 |
2020-11-01 | $479,000 (4.4%) | $1,085,720 (14.2%) | 1.40 | 3,915 |
2020-12-01 | $478,105 (2.8%) | $1,105,519 (15.1%) | 1.42 | 3,639 |
2021-01-01 | $479,000 (0.8%) | $1,143,779 (14.7%) | 1.43 | 3,193 |
2021-02-01 | $497,000 (4.6%) | $1,168,993 (17.9%) | 1.45 | 2,417 |
2021-03-01 | $549,500 (15.7%) | $1,276,586 (26.6%) | 1.56 | 1,796 |
2021-04-01 | $582,100 (24.1%) | $1,362,758 (39.2%) | 1.58 | 1,491 |
2021-05-01 | $600,000 (26.8%) | $1,461,823 (44.9%) | 1.59 | 1,263 |
2021-06-01 | $640,000 (34.7%) | $1,522,698 (48.4%) | 1.68 | 1,232 |
2021-07-01 | $649,900 (37.1%) | $1,577,046 (52.8%) | 1.71 | 1,281 |
2021-08-01 | $659,500 (38.8%) | $1,557,300 (48.1%) | 1.76 | 1,290 |
2021-09-01 | $666,000 (39.2%) | $1,615,310 (51.8%) | 1.78 | 1,259 |
2021-10-01 | $699,950 (47.4%) | $1,687,676 (58.0%) | 1.87 | 1,264 |
2021-11-01 | $728,499 (52.1%) | $1,787,211 (64.6%) | 1.95 | 1,192 |
2021-12-01 | $742,450 (55.3%) | $1,844,149 (66.8%) | 2.01 | 1,166 |
2022-01-01 | $769,450 (60.6%) | $1,928,505 (68.6%) | 2.08 | 1,068 |
2022-02-01 | $798,350 (60.6%) | $1,969,890 (68.5%) | 2.08 | 1,024 |
2022-03-01 | $799,500 (45.5%) | $1,863,799 (46.0%) | 2.00 | 1,211 |
2022-04-01 | $849,900 (46.0%) | $1,839,091 (35.0%) | 2.03 | 1,509 |
2022-05-01 | $825,000 (37.5%) | $1,745,267 (19.4%) | 1.89 | 1,903 |
2022-06-01 | $799,945 (25.0%) | $1,692,527 (11.2%) | 1.78 | 2,269 |
2022-07-01 | $790,000 (21.6%) | $1,676,639 (6.3%) | 1.78 | 2,517 |
2022-08-01 | $766,750 (16.3%) | $1,609,801 (3.4%) | 1.77 | 2,467 |
2022-09-01 | $778,950 (17.0%) | $1,625,772 (0.7%) | 1.82 | 2,347 |
2022-10-01 | $795,000 (13.6%) | $1,673,020 (-0.9%) | 1.87 | 2,379 |
2022-11-01 | $799,000 (9.7%) | $1,765,838 (-1.2%) | 1.92 | 2,655 |
2022-12-01 | $811,139 (9.3%) | $1,827,719 (-0.9%) | 2.00 | 2,765 |
2023-01-01 | $850,950 (10.6%) | $1,907,779 (-1.1%) | 2.11 | 2,985 |
2023-02-01 | $879,500 (10.2%) | $2,054,097 (4.3%) | 2.12 | 3,141 |
2023-03-01 | $892,000 (11.6%) | $2,244,743 (20.4%) | 2.10 | 3,218 |
2023-04-01 | $899,000 (5.8%) | $2,280,143 (24.0%) | 2.09 | 3,216 |
2023-05-01 | $899,748 (9.1%) | $2,290,211 (31.2%) | 2.04 | 3,131 |
2023-06-01 | $889,950 (11.3%) | $2,193,264 (29.6%) | 2.00 | 3,087 |
2023-07-01 | $854,500 (8.2%) | $2,157,210 (28.7%) | 1.94 | 2,990 |
2023-08-01 | $845,013 (10.2%) | $2,092,003 (30.0%) | 1.94 | 2,886 |
2023-09-01 | $839,900 (7.8%) | $2,025,423 (24.6%) | 1.96 | 2,977 |
2023-10-01 | $850,000 (6.9%) | $2,003,511 (19.8%) | 2.00 | 3,399 |
2023-11-01 | $854,725 (7.0%) | $2,029,371 (14.9%) | 2.04 | 3,974 |
2023-12-01 | $855,000 (5.4%) | $2,035,302 (11.4%) | 2.09 | 4,324 |
2024-01-01 | $850,000 (-0.1%) | $2,025,147 (6.2%) | 2.08 | 4,839 |
2024-02-01 | $849,950 (-3.4%) | $2,057,708 (0.2%) | 2.05 | 5,438 |
2024-03-01 | $849,000 (-4.8%) | $2,049,294 (-8.7%) | 2.00 | 5,852 |
2024-04-01 | $818,000 (-9.0%) | $2,009,442 (-11.9%) | 1.90 | 5,873 |
2024-05-01 | $799,450 (-11.2%) | $2,002,562 (-12.6%) | 1.81 | 5,764 |
2024-06-01 | $787,000 (-11.6%) | $1,946,344 (-11.3%) | 1.77 | 5,367 |
2024-07-01 | $768,000 (-10.1%) | $1,885,155 (-12.6%) | 1.76 | 5,021 |
2024-08-01 | $749,999 (-11.2%) | $1,847,313 (-11.7%) | 1.74 | 4,719 |
2024-09-01 | $749,000 (-10.8%) | $1,829,513 (-9.7%) | 1.76 | 4,687 |
2024-10-01 | $749,000 (-11.9%) | $1,806,341 (-9.8%) | 1.76 | 4,939 |
Naples's median listing price comes in at 176% of the national average.
Naples's average listing price for 2024-10-01 was $1,806,341, a difference of $-197,170 (-9.8%) versus the prior year and $-23,172 versus the prior month.
For the 2024-10-01 period, Naples had 4,939 MLS listings, a difference of 252 listings (5%) versus the prior month and 1,540 listings (45%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Naples (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 80 days | 1,943 sqft |
2018-02-01 | 75 days | 1,925 sqft |
2018-03-01 | 73 days | 1,910 sqft |
2018-04-01 | 81 days | 1,889 sqft |
2018-05-01 | 87 days | 1,874 sqft |
2018-06-01 | 96 days | 1,883 sqft |
2018-07-01 | 103 days | 1,889 sqft |
2018-08-01 | 106 days | 1,890 sqft |
2018-09-01 | 107 days | 1,884 sqft |
2018-10-01 | 99 days | 1,882 sqft |
2018-11-01 | 88 days | 1,880 sqft |
2018-12-01 | 86 days | 1,869 sqft |
2019-01-01 | 87 days | 1,866 sqft |
2019-02-01 | 85 days | 1,865 sqft |
2019-03-01 | 85 days | 1,865 sqft |
2019-04-01 | 88 days | 1,862 sqft |
2019-05-01 | 97 days | 1,861 sqft |
2019-06-01 | 102 days | 1,868 sqft |
2019-07-01 | 108 days | 1,866 sqft |
2019-08-01 | 109 days | 1,868 sqft |
2019-09-01 | 106 days | 1,868 sqft |
2019-10-01 | 102 days | 1,876 sqft |
2019-11-01 | 87 days | 1,883 sqft |
2019-12-01 | 85 days | 1,880 sqft |
2020-01-01 | 87 days | 1,895 sqft |
2020-02-01 | 86 days | 1,900 sqft |
2020-03-01 | 80 days | 1,900 sqft |
2020-04-01 | 90 days | 1,883 sqft |
2020-05-01 | 99 days | 1,885 sqft |
2020-06-01 | 107 days | 1,882 sqft |
2020-07-01 | 106 days | 1,870 sqft |
2020-08-01 | 94 days | 1,832 sqft |
2020-09-01 | 94 days | 1,833 sqft |
2020-10-01 | 83 days | 1,819 sqft |
2020-11-01 | 74 days | 1,824 sqft |
2020-12-01 | 74 days | 1,802 sqft |
2021-01-01 | 73 days | 1,777 sqft |
2021-02-01 | 60 days | 1,786 sqft |
2021-03-01 | 49 days | 1,833 sqft |
2021-04-01 | 44 days | 1,854 sqft |
2021-05-01 | 43 days | 1,869 sqft |
2021-06-01 | 44 days | 1,922 sqft |
2021-07-01 | 44 days | 1,902 sqft |
2021-08-01 | 52 days | 1,889 sqft |
2021-09-01 | 57 days | 1,924 sqft |
2021-10-01 | 58 days | 1,944 sqft |
2021-11-01 | 58 days | 2,000 sqft |
2021-12-01 | 50 days | 1,988 sqft |
2022-01-01 | 54 days | 1,971 sqft |
2022-02-01 | 36 days | 1,936 sqft |
2022-03-01 | 30 days | 1,915 sqft |
2022-04-01 | 31 days | 1,904 sqft |
2022-05-01 | 36 days | 1,883 sqft |
2022-06-01 | 40 days | 1,881 sqft |
2022-07-01 | 51 days | 1,868 sqft |
2022-08-01 | 61 days | 1,866 sqft |
2022-09-01 | 69 days | 1,879 sqft |
2022-10-01 | 74 days | 1,888 sqft |
2022-11-01 | 67 days | 1,882 sqft |
2022-12-01 | 65 days | 1,894 sqft |
2023-01-01 | 67 days | 1,924 sqft |
2023-02-01 | 60 days | 1,914 sqft |
2023-03-01 | 54 days | 1,921 sqft |
2023-04-01 | 58 days | 1,906 sqft |
2023-05-01 | 62 days | 1,908 sqft |
2023-06-01 | 67 days | 1,871 sqft |
2023-07-01 | 75 days | 1,857 sqft |
2023-08-01 | 80 days | 1,853 sqft |
2023-09-01 | 75 days | 1,848 sqft |
2023-10-01 | 67 days | 1,847 sqft |
2023-11-01 | 60 days | 1,835 sqft |
2023-12-01 | 65 days | 1,820 sqft |
2024-01-01 | 72 days | 1,822 sqft |
2024-02-01 | 67 days | 1,814 sqft |
2024-03-01 | 64 days | 1,819 sqft |
2024-04-01 | 72 days | 1,802 sqft |
2024-05-01 | 77 days | 1,820 sqft |
2024-06-01 | 85 days | 1,818 sqft |
2024-07-01 | 94 days | 1,807 sqft |
2024-08-01 | 99 days | 1,796 sqft |
2024-09-01 | 96 days | 1,793 sqft |
2024-10-01 | 88 days | 1,786 sqft |
Naples's median square footage for active listings during the 2024-10-01 period was 1,786 sqft. One year prior, the average listing was 1,847 sqft.