Oshkosh FHA Loan Rates, Closing Costs & Stats

OSHKOSH-NEENAH, WI

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.

Oshkosh's 55 lenders originated 205 FHA loans during 2023. The total origination value was $40,055,000, with an average FHA loan value of $195,390.

Oshkosh FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Oshkosh averaged 0.1% for the week of 2024-11-29, compared to the national average (all FHA variants) of 0% for the same period.

Oshkosh's average FHA mortgage closing costs are $5,919.

The average rate for the prior week (2024-11-22) was 6.49% and one month ago for the week of 2024-10-25, the average rate was 6.17%.

The average rate one year ago was 7.16%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.41%.

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

Oshkosh 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 Oshkosh level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 24 6.34% $9,068
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 6.94% $7,399
Waterstone Mortgage Corporation 9 6.72% $9,022
UNITED WHOLESALE MORTGAGE, LLC 9 6.37% $8,081
GSF Mortgage Corporation 8 6.64% $7,186
Nations Lending Corporation 8 6.92% $7,479
LOANDEPOT.COM, LLC 8 6.31% $12,667
CARDINAL FINANCIAL 8 7.08% $11,134
FIRST CENTENNIAL MORTGAGE CORPORATION 7 6.91% $7,512
GUILD MORTGAGE COMPANY 7 6.96% $8,129
Mr. Cooper ( Nationstar Mortgage ) 6 6.13% $10,602
GUARANTEED RATE, INC. 6 6.97% $9,226
FREEDOM MORTGAGE CORPORATION 6 7.00% $12,006
PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.63% $10,925
Ixonia Bank 4 6.72% $10,137
PENNYMAC LOAN SERVICES, LLC 4 7.09% $8,192
Barrington Bank & Trust Company, N.A. 4 7.34% $6,075
Paramount Residential Mortgage Group, Inc. 3 6.83% $9,712
U.S. Bank 3 6.75% $5,822
Wolfe Financial, Inc 3 7.29% $12,146
NEWREZ LLC 3 6.42% $9,256
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.81% $7,735
First Federal Bank 2 6.81% $6,606
HOMESIDE FINANCIAL, LLC 2 7.25% $5,397
Flagstar Bank, FSB 2 7.00% $5,311
CALIBER HOME LOANS, INC. 2 6.75% $6,914
BROKER SOLUTIONS, INC. 2 6.94% $11,210
Century Mortgage Company DBA Century Lending Company 2 6.75% $9,132
Prosperity Home Mortgage, LLC 2 6.12% $6,857
TOWNE MORTGAGE COMPANY 2 7.50% $7,928
Mortgage Research Center, LLC 1 7.13% $5,184
AMERISAVE MORTGAGE CORPORATION 1 5.75% $8,549
BAY EQUITY LLC 1 5.75% $9,460
Carrington Mortgage Services, LLC 1 6.13% $9,485
CHURCHILL MORTGAGE CORPORATION 1 7.63% $7,697
CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $12,435
ENDEAVOR CAPITAL, LLC. 1 7.49% $8,500
ENVOY MORTGAGE, LTD 1 6.88% $6,594
FIRST STATE MORTGAGE SERVICES, LLC 1 6.38% $7,709
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.75% $8,903
Home State Bank 1 7.13% $5,824
JPMorgan Chase Bank 1 7.75% $1,790
LAKEVIEW LOAN SERVICING, LLC 1 5.75% $10,816
LAND HOME FINANCIAL SERVICES, INC. 1 6.63% $5,979
MICHIGAN MUTUAL, INC. 1 7.00% $8,346
MID AMERICA MORTGAGE, INC. 1 7.63% $3,000
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $9,468
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $9,312
Servion, Inc. 1 6.50% $5,342
SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $6,937
SUN WEST MORTGAGE COMPANY, INC. 1 6.25% $5,043
UNION HOME MORTGAGE CORP. 1 7.00% $7,123
VILLAGE CAPITAL MORTGAGE 1 6.25% $2,163
V.I.P. MORTGAGE, INC. 1 7.75% $8,336
Wells Fargo Bank 1 6.63% $5,803

The top Oshkosh FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 24 FHA loans originated. Their average total fees are $9,068, which is $1,669 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Oshkosh FHA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,399), QUICKEN LOANS, LLC ($9,068), .

The lowest rate Oshkosh FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.34%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.94%), .

Oshkosh FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
OSHKOSH-NEENAH, WI WINNEBAGO 2022 $420,680 $538,650 $651,050 $809,150
OSHKOSH-NEENAH, WI WINNEBAGO 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Oshkosh (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 $155,000 (9.2%) $228,544 (6.6%) 0.57 545
2018-02-01 $155,000 (5.2%) $226,463 (4.7%) 0.56 597
2018-03-01 $169,900 (14.1%) $236,786 (7.9%) 0.60 613
2018-04-01 $209,925 (32.5%) $292,679 (31.5%) 0.71 361
2018-05-01 $217,225 (33.8%) $298,042 (32.7%) 0.73 372
2018-06-01 $199,900 (28.0%) $281,339 (26.3%) 0.67 394
2018-07-01 $184,425 (19.1%) $279,191 (26.9%) 0.62 404
2018-08-01 $183,100 (20.9%) $273,135 (24.0%) 0.61 424
2018-09-01 $182,700 (18.0%) $266,463 (16.4%) 0.61 423
2018-10-01 $179,450 (15.8%) $265,726 (16.6%) 0.61 419
2018-11-01 $177,000 (14.3%) $262,793 (18.2%) 0.60 411
2018-12-01 $169,900 (13.3%) $261,403 (17.4%) 0.59 371
2019-01-01 $164,900 (6.4%) $263,994 (15.5%) 0.57 343
2019-02-01 $184,950 (19.3%) $274,460 (21.2%) 0.62 320
2019-03-01 $198,657 (16.9%) $283,240 (19.6%) 0.65 303
2019-04-01 $197,207 (-6.1%) $285,547 (-2.4%) 0.63 290
2019-05-01 $212,400 (-2.2%) $290,883 (-2.4%) 0.66 303
2019-06-01 $205,000 (2.6%) $287,275 (2.1%) 0.64 332
2019-07-01 $219,900 (19.2%) $291,228 (4.3%) 0.69 374
2019-08-01 $222,200 (21.4%) $300,239 (9.9%) 0.70 389
2019-09-01 $218,150 (19.4%) $294,530 (10.5%) 0.70 412
2019-10-01 $215,450 (20.1%) $290,723 (9.4%) 0.70 420
2019-11-01 $209,900 (18.6%) $289,364 (10.1%) 0.69 392
2019-12-01 $219,900 (29.4%) $288,791 (10.5%) 0.73 337
2020-01-01 $224,975 (36.4%) $282,310 (6.9%) 0.75 292
2020-02-01 $237,500 (28.4%) $297,425 (8.4%) 0.78 272
2020-03-01 $257,425 (29.6%) $327,901 (15.8%) 0.81 265
2020-04-01 $267,175 (35.5%) $332,681 (16.5%) 0.84 260
2020-05-01 $264,450 (24.5%) $336,351 (15.6%) 0.80 241
2020-06-01 $264,900 (29.2%) $354,117 (23.3%) 0.78 224
2020-07-01 $257,100 (16.9%) $355,450 (22.1%) 0.75 207
2020-08-01 $236,200 (6.3%) $328,884 (9.5%) 0.68 214
2020-09-01 $235,575 (8.0%) $336,022 (14.1%) 0.68 209
2020-10-01 $225,000 (4.4%) $344,265 (18.4%) 0.64 196
2020-11-01 $219,450 (4.6%) $328,568 (13.6%) 0.64 183
2020-12-01 $219,200 (-0.3%) $353,280 (22.3%) 0.65 159
2021-01-01 $230,000 (2.2%) $381,203 (35.0%) 0.69 121
2021-02-01 $232,450 (-2.1%) $388,205 (30.5%) 0.68 117
2021-03-01 $238,675 (-7.3%) $389,385 (18.8%) 0.68 111
2021-04-01 $232,500 (-13.0%) $373,084 (12.1%) 0.63 117
2021-05-01 $264,900 (0.2%) $367,714 (9.3%) 0.70 142
2021-06-01 $254,925 (-3.8%) $363,409 (2.6%) 0.67 159
2021-07-01 $237,500 (-7.6%) $347,902 (-2.1%) 0.63 164
2021-08-01 $238,675 (1.1%) $335,995 (2.2%) 0.64 185
2021-09-01 $237,113 (0.7%) $338,758 (0.8%) 0.63 188
2021-10-01 $239,500 (6.4%) $349,191 (1.4%) 0.64 181
2021-11-01 $254,450 (16.0%) $352,438 (7.3%) 0.68 172
2021-12-01 $241,200 (10.0%) $323,559 (-8.4%) 0.65 141
2022-01-01 $249,900 (8.7%) $338,529 (-11.2%) 0.68 107
2022-02-01 $247,450 (6.5%) $341,178 (-12.1%) 0.64 99
2022-03-01 $282,950 (18.6%) $368,048 (-5.5%) 0.71 76
2022-04-01 $292,400 (25.8%) $348,184 (-6.7%) 0.70 96
2022-05-01 $292,900 (10.6%) $349,401 (-5.0%) 0.67 125
2022-06-01 $288,720 (13.3%) $342,091 (-5.9%) 0.64 152
2022-07-01 $259,900 (9.4%) $334,065 (-4.0%) 0.59 168
2022-08-01 $293,725 (23.1%) $354,521 (5.5%) 0.68 172
2022-09-01 $274,925 (16.0%) $348,999 (3.0%) 0.64 146
2022-10-01 $269,900 (12.7%) $333,526 (-4.5%) 0.64 160
2022-11-01 $287,200 (12.9%) $346,333 (-1.7%) 0.69 163
2022-12-01 $279,900 (16.0%) $351,995 (8.8%) 0.69 153
2023-01-01 $336,400 (34.6%) $409,667 (21.0%) 0.83 114
2023-02-01 $370,150 (49.6%) $442,578 (29.7%) 0.89 103
2023-03-01 $373,425 (32.0%) $443,724 (20.6%) 0.88 92
2023-04-01 $331,987 (13.5%) $407,724 (17.1%) 0.77 113
2023-05-01 $314,550 (7.4%) $395,385 (13.2%) 0.71 109
2023-06-01 $333,700 (15.6%) $398,872 (16.6%) 0.75 118
2023-07-01 $324,900 (25.0%) $401,434 (20.2%) 0.74 120
2023-08-01 $335,550 (14.2%) $402,753 (13.6%) 0.77 119
2023-09-01 $317,250 (15.4%) $395,294 (13.3%) 0.74 139
2023-10-01 $314,900 (16.7%) $380,025 (13.9%) 0.74 151
2023-11-01 $317,400 (10.5%) $378,299 (9.2%) 0.76 153
2023-12-01 $294,900 (5.4%) $379,696 (7.9%) 0.72 136
2024-01-01 $307,200 (-8.7%) $386,872 (-5.6%) 0.75 111
2024-02-01 $324,800 (-12.3%) $400,739 (-9.5%) 0.78 101
2024-03-01 $349,500 (-6.4%) $435,520 (-1.9%) 0.82 115
2024-04-01 $358,550 (8.0%) $449,684 (10.3%) 0.83 145
2024-05-01 $399,675 (27.1%) $467,010 (18.1%) 0.90 151
2024-06-01 $389,450 (16.7%) $448,334 (12.4%) 0.88 150
2024-07-01 $348,675 (7.3%) $419,591 (4.5%) 0.80 149
2024-08-01 $329,900 (-1.7%) $406,834 (1.0%) 0.77 190
2024-09-01 $304,900 (-3.9%) $380,716 (-3.7%) 0.72 205
2024-10-01 $312,400 (-0.8%) $372,270 (-2.0%) 0.74 213
Oshkosh's median listing price for 2024-10-01 was $312,400, a difference of $-2,500 (-0.8%) versus the prior year and $7,500 versus the prior month.

Oshkosh's median listing price comes in at 74% of the national average.

Oshkosh's average listing price for 2024-10-01 was $372,270, a difference of $-7,755 (-2.0%) versus the prior year and $-8,446 versus the prior month.

For the 2024-10-01 period, Oshkosh had 213 MLS listings, a difference of 8 listings (4%) versus the prior month and 62 listings (41%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Oshkosh (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 84 days 1,688 sqft
2018-02-01 74 days 1,672 sqft
2018-03-01 54 days 1,731 sqft
2018-04-01 55 days 1,815 sqft
2018-05-01 52 days 1,828 sqft
2018-06-01 51 days 1,811 sqft
2018-07-01 52 days 1,741 sqft
2018-08-01 53 days 1,743 sqft
2018-09-01 52 days 1,760 sqft
2018-10-01 57 days 1,704 sqft
2018-11-01 65 days 1,669 sqft
2018-12-01 81 days 1,662 sqft
2019-01-01 91 days 1,663 sqft
2019-02-01 88 days 1,675 sqft
2019-03-01 75 days 1,698 sqft
2019-04-01 62 days 1,725 sqft
2019-05-01 50 days 1,776 sqft
2019-06-01 47 days 1,822 sqft
2019-07-01 50 days 1,823 sqft
2019-08-01 52 days 1,840 sqft
2019-09-01 52 days 1,804 sqft
2019-10-01 52 days 1,780 sqft
2019-11-01 64 days 1,797 sqft
2019-12-01 80 days 1,776 sqft
2020-01-01 82 days 1,750 sqft
2020-02-01 68 days 1,776 sqft
2020-03-01 53 days 1,818 sqft
2020-04-01 55 days 1,890 sqft
2020-05-01 67 days 1,839 sqft
2020-06-01 58 days 1,846 sqft
2020-07-01 53 days 1,872 sqft
2020-08-01 50 days 1,790 sqft
2020-09-01 50 days 1,780 sqft
2020-10-01 59 days 1,788 sqft
2020-11-01 56 days 1,771 sqft
2020-12-01 63 days 1,761 sqft
2021-01-01 79 days 1,762 sqft
2021-02-01 68 days 1,836 sqft
2021-03-01 45 days 1,752 sqft
2021-04-01 41 days 1,729 sqft
2021-05-01 29 days 1,740 sqft
2021-06-01 30 days 1,773 sqft
2021-07-01 44 days 1,725 sqft
2021-08-01 38 days 1,720 sqft
2021-09-01 46 days 1,627 sqft
2021-10-01 47 days 1,643 sqft
2021-11-01 51 days 1,698 sqft
2021-12-01 54 days 1,689 sqft
2022-01-01 57 days 1,765 sqft
2022-02-01 40 days 1,607 sqft
2022-03-01 43 days 1,732 sqft
2022-04-01 26 days 1,610 sqft
2022-05-01 25 days 1,665 sqft
2022-06-01 22 days 1,709 sqft
2022-07-01 32 days 1,657 sqft
2022-08-01 40 days 1,664 sqft
2022-09-01 43 days 1,674 sqft
2022-10-01 42 days 1,652 sqft
2022-11-01 49 days 1,700 sqft
2022-12-01 51 days 1,651 sqft
2023-01-01 61 days 1,700 sqft
2023-02-01 59 days 1,753 sqft
2023-03-01 46 days 1,812 sqft
2023-04-01 34 days 1,788 sqft
2023-05-01 37 days 1,749 sqft
2023-06-01 38 days 1,837 sqft
2023-07-01 31 days 1,884 sqft
2023-08-01 37 days 1,906 sqft
2023-09-01 32 days 1,847 sqft
2023-10-01 35 days 1,830 sqft
2023-11-01 42 days 1,788 sqft
2023-12-01 48 days 1,769 sqft
2024-01-01 48 days 1,702 sqft
2024-02-01 41 days 1,787 sqft
2024-03-01 29 days 1,847 sqft
2024-04-01 27 days 1,852 sqft
2024-05-01 30 days 1,859 sqft
2024-06-01 23 days 2,008 sqft
2024-07-01 35 days 1,970 sqft
2024-08-01 29 days 1,829 sqft
2024-09-01 35 days 1,741 sqft
2024-10-01 37 days 1,700 sqft
Oshkosh's median listing age (time on market) for 2024-10-01 was 37 days. This is 6% longer than the same period one year ago.

Oshkosh's median square footage for active listings during the 2024-10-01 period was 1,700 sqft. One year prior, the average listing was 1,830 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).