Nassau County FHA Loan Rates, Closing Costs & Stats

NASSAU COUNTY-SUFFOLK COUNTY, NY

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Nassau County FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Nassau County averaged 0% for the week of 2026-10-16, compared to the national average (all FHA variants) of 0% for the same period.

    Nassau County's average FHA mortgage closing costs are $0.

    The average rate for the prior week (2026-10-09) was 0% and one month ago for the week of 2026-09-11, the average rate was 0%.

    The average rate one year ago was 0%.

    For refis of the same type during the week of 2026-10-16, the average rate was 0%.

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

    Nassau County 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 Nassau County level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Nassau County (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 $504,500 (12.2%) $1,201,897 (11.3%) 1.87 47,166
    2018-02-01 $525,000 (13.2%) $1,203,837 (6.8%) 1.91 49,645
    2018-03-01 $539,900 (11.9%) $1,180,874 (3.9%) 1.89 53,178
    2018-04-01 $551,925 (10.6%) $1,177,424 (1.1%) 1.87 56,296
    2018-05-01 $569,000 (10.7%) $1,170,846 (1.2%) 1.90 61,351
    2018-06-01 $569,500 (9.5%) $1,152,998 (-0.1%) 1.90 64,304
    2018-07-01 $564,000 (8.7%) $1,133,502 (-0.8%) 1.88 64,929
    2018-08-01 $550,000 (10.1%) $1,099,883 (-1.9%) 1.84 64,092
    2018-09-01 $559,000 (10.7%) $1,107,855 (-2.7%) 1.88 64,664
    2018-10-01 $559,000 (7.0%) $1,118,438 (-4.1%) 1.89 65,012
    2018-11-01 $559,000 (7.6%) $1,130,071 (-3.5%) 1.89 62,638
    2018-12-01 $549,000 (7.7%) $1,130,081 (-4.4%) 1.89 56,644
    2019-01-01 $545,000 (8.0%) $1,129,579 (-6.0%) 1.88 52,146
    2019-02-01 $549,450 (4.7%) $1,141,878 (-5.2%) 1.86 54,158
    2019-03-01 $562,429 (4.2%) $1,142,373 (-3.3%) 1.84 57,717
    2019-04-01 $579,000 (4.9%) $1,138,123 (-3.3%) 1.84 61,683
    2019-05-01 $595,000 (4.6%) $1,143,090 (-2.4%) 1.86 67,047
    2019-06-01 $595,000 (4.5%) $1,134,392 (-1.6%) 1.86 68,877
    2019-07-01 $582,500 (3.3%) $1,121,501 (-1.1%) 1.82 67,789
    2019-08-01 $581,282 (5.7%) $1,115,772 (1.4%) 1.84 66,922
    2019-09-01 $583,373 (4.4%) $1,128,475 (1.9%) 1.87 66,094
    2019-10-01 $585,000 (4.7%) $1,138,560 (1.8%) 1.89 64,996
    2019-11-01 $579,000 (3.6%) $1,151,274 (1.9%) 1.90 61,218
    2019-12-01 $579,000 (5.5%) $1,177,551 (4.2%) 1.93 53,426
    2020-01-01 $572,350 (5.0%) $1,186,442 (5.0%) 1.91 49,253
    2020-02-01 $579,900 (5.5%) $1,189,724 (4.2%) 1.90 50,657
    2020-03-01 $599,000 (6.5%) $1,194,653 (4.6%) 1.88 52,117
    2020-04-01 $599,000 (3.5%) $1,235,772 (8.6%) 1.88 48,238
    2020-05-01 $599,000 (0.7%) $1,210,559 (5.9%) 1.82 47,909
    2020-06-01 $607,500 (2.1%) $1,202,446 (6.0%) 1.79 50,565
    2020-07-01 $629,500 (8.1%) $1,216,514 (8.5%) 1.82 53,814
    2020-08-01 $649,000 (11.7%) $1,257,269 (12.7%) 1.86 53,867
    2020-09-01 $649,450 (11.3%) $1,270,295 (12.6%) 1.86 54,157
    2020-10-01 $650,000 (11.1%) $1,299,551 (14.1%) 1.86 55,225
    2020-11-01 $649,950 (12.3%) $1,314,186 (14.2%) 1.90 51,806
    2020-12-01 $649,950 (12.3%) $1,335,691 (13.4%) 1.93 46,560
    2021-01-01 $649,900 (13.6%) $1,383,054 (16.6%) 1.94 40,169
    2021-02-01 $650,000 (12.1%) $1,406,224 (18.2%) 1.89 38,479
    2021-03-01 $649,000 (8.4%) $1,389,999 (16.4%) 1.84 38,239
    2021-04-01 $650,000 (8.5%) $1,399,519 (13.3%) 1.76 39,849
    2021-05-01 $650,000 (8.5%) $1,387,316 (14.6%) 1.73 42,007
    2021-06-01 $649,000 (6.8%) $1,349,941 (12.3%) 1.71 44,487
    2021-07-01 $629,000 (-0.1%) $1,307,328 (7.5%) 1.66 44,712
    2021-08-01 $622,500 (-4.1%) $1,292,003 (2.8%) 1.66 44,177
    2021-09-01 $618,500 (-4.8%) $1,294,966 (1.9%) 1.65 43,155
    2021-10-01 $625,000 (-3.9%) $1,312,909 (1.0%) 1.67 43,090
    2021-11-01 $625,000 (-3.8%) $1,361,740 (3.6%) 1.67 38,710
    2021-12-01 $625,000 (-3.8%) $1,394,618 (4.4%) 1.69 32,598
    2022-01-01 $625,000 (-3.8%) $1,504,762 (8.8%) 1.69 27,898
    2022-02-01 $644,000 (-0.9%) $1,450,324 (3.1%) 1.67 28,274
    2022-03-01 $649,995 (0.2%) $1,458,522 (4.9%) 1.63 30,198
    2022-04-01 $669,000 (2.9%) $1,456,246 (4.1%) 1.59 31,855
    2022-05-01 $677,000 (4.2%) $1,441,821 (3.9%) 1.55 35,674
    2022-06-01 $677,000 (4.3%) $1,388,419 (2.9%) 1.51 38,371
    2022-07-01 $669,000 (6.4%) $1,347,610 (3.1%) 1.51 40,502
    2022-08-01 $659,000 (5.9%) $1,330,848 (3.0%) 1.52 39,660
    2022-09-01 $669,950 (8.3%) $1,378,224 (6.4%) 1.57 39,189
    2022-10-01 $675,000 (8.0%) $1,467,986 (11.8%) 1.59 39,578
    2022-11-01 $675,000 (8.0%) $1,509,960 (10.9%) 1.62 38,208
    2022-12-01 $670,000 (7.2%) $1,533,266 (9.9%) 1.65 33,581
    2023-01-01 $672,000 (7.5%) $1,560,973 (3.7%) 1.66 30,337
    2023-02-01 $688,944 (7.0%) $1,590,351 (9.7%) 1.66 29,852
    2023-03-01 $699,000 (7.5%) $1,602,710 (9.9%) 1.65 29,858
    2023-04-01 $701,690 (4.9%) $1,624,018 (11.5%) 1.63 31,008
    2023-05-01 $744,500 (10.0%) $1,685,125 (16.9%) 1.69 32,102
    2023-06-01 $749,000 (10.6%) $1,637,472 (17.9%) 1.68 32,923
    2023-07-01 $745,000 (11.4%) $1,605,574 (19.1%) 1.69 32,748
    2023-08-01 $725,000 (10.0%) $1,569,162 (17.9%) 1.66 32,398
    2023-09-01 $725,000 (8.2%) $1,554,526 (12.8%) 1.69 34,332
    2023-10-01 $737,000 (9.2%) $1,621,804 (10.5%) 1.73 33,514
    2023-11-01 $737,400 (9.2%) $1,682,664 (11.4%) 1.76 33,823
    2023-12-01 $748,000 (11.6%) $1,777,494 (15.9%) 1.82 28,830
    2024-01-01 $749,000 (11.5%) $1,759,249 (12.7%) 1.83 26,598
    2024-02-01 $752,500 (9.2%) $1,702,306 (7.0%) 1.81 26,866
    2024-03-01 $770,000 (10.2%) $1,696,188 (5.8%) 1.81 28,525
    2024-04-01 $775,000 (10.5%) $1,704,094 (4.9%) 1.80 30,601
    2024-05-01 $793,852 (6.6%) $1,725,586 (2.4%) 1.81 32,222
    2024-06-01 $779,999 (4.1%) $1,658,776 (1.3%) 1.77 33,850
    2024-07-01 $775,000 (4.0%) $1,634,024 (1.8%) 1.77 33,666
    2024-08-01 $759,000 (4.7%) $1,594,117 (1.6%) 1.77 33,001
    2024-09-01 $772,500 (6.6%) $1,655,334 (6.5%) 1.82 34,640
    2024-10-01 $774,944 (5.2%) $1,657,727 (2.2%) 1.83 34,806
    2024-11-01 $768,000 (4.2%) $1,656,125 (-1.6%) 1.84 33,336
    2024-12-01 $750,000 (0.3%) $1,668,154 (-6.2%) 1.86 28,853
    2025-01-01 $750,000 (0.1%) $1,679,848 (-4.5%) 1.87 26,692
    2025-02-01 $766,944 (1.9%) $1,686,914 (-0.9%) 1.86 27,138
    2025-03-01 $780,000 (1.3%) $1,671,354 (-1.5%) 1.84 29,482
    2025-04-01 $789,473 (1.9%) $1,651,971 (-3.1%) 1.83 31,571
    2025-05-01 $795,000 (0.1%) $1,620,340 (-6.1%) 1.81 35,667
    2025-06-01 $786,500 (0.8%) $1,582,658 (-4.6%) 1.78 37,132
    2025-07-01 $775,000 (0.0%) $1,538,598 (-5.8%) 1.76 36,847
    2025-08-01 $760,000 (0.1%) $1,522,545 (-4.5%) 1.77 35,538
    2025-09-01 $759,500 (-1.7%) $1,547,083 (-6.5%) 1.79 35,885
    2025-10-01 $762,450 (-1.6%) $1,580,250 (-4.7%) 1.80 36,151
    2025-11-01 $750,000 (-2.3%) $1,575,331 (-4.9%) 1.81 34,661
    2025-12-01 $749,939 (0.0%) $1,600,526 (-4.1%) 1.88 30,003
    2026-01-01 $749,000 (-0.1%) $1,596,930 (-4.9%) 1.87 27,682
    2026-02-01 $749,450 (-2.3%) $1,620,985 (-3.9%) 1.86 27,679
    2026-03-01 $750,000 (-3.9%) $1,593,841 (-4.6%) 1.80 29,871
    2026-04-01 $772,929 (-2.1%) $1,577,863 (-4.5%) 1.82 33,514
    2026-05-01 $775,000 (-2.5%) $1,538,220 (-5.1%) 1.80 37,154
    2026-06-01 $792,000 (0.7%) $1,579,253 (-0.2%) 1.84 38,911
    2026-07-01 $772,250 (-0.4%) $1,542,772 (0.3%) 1.80 37,899
    2026-08-01 $749,000 (-1.5%) $1,456,869 (-4.3%) 1.76 36,676
    2026-09-01 $742,000 (-2.3%) $1,438,438 (-7.0%) 0.00 38,158
    Nassau County's median listing price for 2026-09-01 was $742,000, a difference of $-17,500 (-2.3%) versus the prior year and $-7,000 versus the prior month.

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

    Nassau County's average listing price for 2026-09-01 was $1,438,438, a difference of $-108,645 (-7.0%) versus the prior year and $-18,431 versus the prior month.

    For the 2026-09-01 period, Nassau County had 38,158 MLS listings, a difference of 1,482 listings (4%) versus the prior month and 2,273 listings (6%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Nassau County (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 83 days 1,841 sqft
    2018-02-01 72 days 1,855 sqft
    2018-03-01 52 days 1,880 sqft
    2018-04-01 50 days 1,895 sqft
    2018-05-01 46 days 1,911 sqft
    2018-06-01 50 days 1,920 sqft
    2018-07-01 59 days 1,922 sqft
    2018-08-01 64 days 1,915 sqft
    2018-09-01 66 days 1,900 sqft
    2018-10-01 63 days 1,890 sqft
    2018-11-01 65 days 1,866 sqft
    2018-12-01 78 days 1,842 sqft
    2019-01-01 82 days 1,820 sqft
    2019-02-01 72 days 1,829 sqft
    2019-03-01 59 days 1,863 sqft
    2019-04-01 50 days 1,903 sqft
    2019-05-01 50 days 1,919 sqft
    2019-06-01 55 days 1,928 sqft
    2019-07-01 64 days 1,920 sqft
    2019-08-01 67 days 1,915 sqft
    2019-09-01 68 days 1,906 sqft
    2019-10-01 69 days 1,900 sqft
    2019-11-01 71 days 1,850 sqft
    2019-12-01 85 days 1,830 sqft
    2020-01-01 90 days 1,816 sqft
    2020-02-01 75 days 1,836 sqft
    2020-03-01 54 days 1,850 sqft
    2020-04-01 71 days 1,853 sqft
    2020-05-01 85 days 1,864 sqft
    2020-06-01 85 days 1,863 sqft
    2020-07-01 47 days 1,803 sqft
    2020-08-01 47 days 1,754 sqft
    2020-09-01 51 days 1,702 sqft
    2020-10-01 51 days 1,688 sqft
    2020-11-01 60 days 1,650 sqft
    2020-12-01 74 days 1,607 sqft
    2021-01-01 84 days 1,568 sqft
    2021-02-01 78 days 1,534 sqft
    2021-03-01 55 days 1,534 sqft
    2021-04-01 44 days 1,544 sqft
    2021-05-01 41 days 1,566 sqft
    2021-06-01 44 days 1,578 sqft
    2021-07-01 47 days 1,587 sqft
    2021-08-01 53 days 1,581 sqft
    2021-09-01 57 days 1,560 sqft
    2021-10-01 57 days 1,534 sqft
    2021-11-01 58 days 1,506 sqft
    2021-12-01 70 days 1,462 sqft
    2022-01-01 79 days 1,432 sqft
    2022-02-01 60 days 1,411 sqft
    2022-03-01 40 days 1,430 sqft
    2022-04-01 39 days 1,450 sqft
    2022-05-01 38 days 1,507 sqft
    2022-06-01 39 days 1,555 sqft
    2022-07-01 44 days 1,570 sqft
    2022-08-01 54 days 1,553 sqft
    2022-09-01 59 days 1,549 sqft
    2022-10-01 59 days 1,536 sqft
    2022-11-01 62 days 1,526 sqft
    2022-12-01 75 days 1,500 sqft
    2023-01-01 82 days 1,487 sqft
    2023-02-01 75 days 1,482 sqft
    2023-03-01 55 days 1,487 sqft
    2023-04-01 50 days 1,494 sqft
    2023-05-01 48 days 1,504 sqft
    2023-06-01 51 days 1,526 sqft
    2023-07-01 54 days 1,548 sqft
    2023-08-01 59 days 1,550 sqft
    2023-09-01 60 days 1,552 sqft
    2023-10-01 56 days 1,554 sqft
    2023-11-01 58 days 1,555 sqft
    2023-12-01 71 days 1,534 sqft
    2024-01-01 79 days 1,500 sqft
    2024-02-01 69 days 1,499 sqft
    2024-03-01 50 days 1,500 sqft
    2024-04-01 45 days 1,501 sqft
    2024-05-01 44 days 1,538 sqft
    2024-06-01 47 days 1,558 sqft
    2024-07-01 52 days 1,574 sqft
    2024-08-01 58 days 1,560 sqft
    2024-09-01 57 days 1,565 sqft
    2024-10-01 54 days 1,563 sqft
    2024-11-01 59 days 1,543 sqft
    2024-12-01 73 days 1,500 sqft
    2025-01-01 77 days 1,492 sqft
    2025-02-01 68 days 1,484 sqft
    2025-03-01 48 days 1,500 sqft
    2025-04-01 45 days 1,499 sqft
    2025-05-01 45 days 1,514 sqft
    2025-06-01 49 days 1,541 sqft
    2025-07-01 54 days 1,539 sqft
    2025-08-01 58 days 1,514 sqft
    2025-09-01 58 days 1,508 sqft
    2025-10-01 54 days 1,500 sqft
    2025-11-01 60 days 1,474 sqft
    2025-12-01 71 days 1,433 sqft
    2026-01-01 76 days 1,400 sqft
    2026-02-01 68 days 1,391 sqft
    2026-03-01 52 days 1,398 sqft
    2026-04-01 41 days 1,413 sqft
    2026-05-01 42 days 1,441 sqft
    2026-06-01 47 days 1,458 sqft
    2026-07-01 53 days 1,459 sqft
    2026-08-01 56 days 1,469 sqft
    2026-09-01 0 days 1,461 sqft
    Nassau County's median listing age (time on market) for 2026-09-01 was 0 days. This is -100% shorter than the same period one year ago.

    Nassau County's median square footage for active listings during the 2026-09-01 period was 1,461 sqft. One year prior, the average listing was 1,508 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).