Pahrump FHA Loan Rates, Closing Costs & Stats
Pahrump, NV
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.
Pahrump's 86 lenders originated 568 FHA loans during 2021. The total origination value was $122,950,000, with an average FHA loan value of $216,461.
Pahrump FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Pahrump
averaged
6.45%
for the week of 2023-01-27, compared to the national average (all FHA variants) of
6.186% for the same period.
Pahrump's average FHA mortgage closing costs are $7,731.
The average rate for the prior week (2023-01-20) was
6.22% and
one month ago for the week of 2022-12-23, the
average rate was 6.51%.
The average rate one year ago was 3.7%.
For refis of the same type during the week of 2023-01-27, the average rate
was 6.01%.
Pahrump 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 Pahrump level.
The top Pahrump FHA lender as defined by loan originations is AXIA FINANCIAL, LLC, with
37 FHA loans originated. Their average total fees are
$7,989, which is $148
lower than the next largest lender,
FBC MORTGAGE, LLC.
The lowest fee Pahrump FHA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($4,331), Mr. Cooper ( Nationstar Mortgage ) ($4,820), PENNYMAC LOAN SERVICES, LLC ($5,617), FREEDOM MORTGAGE CORPORATION ($5,634) and SWBC MORTGAGE CORPORATION ($6,770).
The lowest rate Pahrump FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (2.57%), PENNYMAC LOAN SERVICES, LLC (2.84%), UNITED WHOLESALE MORTGAGE, LLC (2.86%), FREEDOM MORTGAGE CORPORATION (2.88%) and LAKEVIEW LOAN SERVICING, LLC (3.03%).
Pahrump FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
PAHRUMP, NV | NYE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Pahrump (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 | $263,700 (18.5%) | $281,437 (14.1%) | 0.00 | 130 |
2018-02-01 | $266,000 (17.0%) | $280,221 (7.2%) | 0.00 | 146 |
2018-03-01 | $278,900 (22.9%) | $318,389 (18.4%) | 0.00 | 136 |
2018-04-01 | $280,475 (22.0%) | $328,781 (19.4%) | 0.00 | 120 |
2018-05-01 | $278,485 (18.8%) | $324,247 (17.3%) | 0.00 | 116 |
2018-06-01 | $294,900 (19.4%) | $333,482 (17.2%) | 0.00 | 133 |
2018-07-01 | $284,450 (15.7%) | $334,272 (18.8%) | 0.00 | 146 |
2018-08-01 | $284,725 (14.2%) | $337,928 (20.7%) | 0.00 | 166 |
2018-09-01 | $284,900 (16.3%) | $330,004 (17.2%) | 0.00 | 188 |
2018-10-01 | $290,675 (18.4%) | $321,847 (12.9%) | 0.00 | 195 |
2018-11-01 | $290,000 (16.3%) | $323,765 (11.1%) | 0.00 | 203 |
2018-12-01 | $286,750 (12.9%) | $316,815 (10.0%) | 0.00 | 204 |
2019-01-01 | $289,875 (9.9%) | $311,005 (10.5%) | 0.00 | 205 |
2019-02-01 | $289,150 (8.7%) | $311,746 (11.3%) | 0.00 | 205 |
2019-03-01 | $287,856 (3.2%) | $305,654 (-4.0%) | 0.00 | 195 |
2019-04-01 | $285,000 (1.6%) | $300,846 (-8.5%) | 0.00 | 183 |
2019-05-01 | $279,675 (0.4%) | $296,390 (-8.6%) | 0.00 | 198 |
2019-06-01 | $289,630 (-1.8%) | $296,706 (-11.0%) | 0.00 | 208 |
2019-07-01 | $285,000 (0.2%) | $296,308 (-11.4%) | 0.00 | 209 |
2019-08-01 | $280,636 (-1.4%) | $293,613 (-13.1%) | 0.00 | 235 |
2019-09-01 | $274,091 (-3.8%) | $289,167 (-12.4%) | 0.00 | 276 |
2019-10-01 | $269,894 (-7.2%) | $287,501 (-10.7%) | 0.00 | 303 |
2019-11-01 | $285,000 (-1.7%) | $298,948 (-7.7%) | 0.00 | 259 |
2019-12-01 | $289,665 (1.0%) | $300,599 (-5.1%) | 0.00 | 237 |
2020-01-01 | $288,674 (-0.4%) | $301,885 (-2.9%) | 0.00 | 221 |
2020-02-01 | $290,000 (0.3%) | $316,900 (1.7%) | 0.00 | 220 |
2020-03-01 | $289,963 (0.7%) | $313,857 (2.7%) | 0.00 | 224 |
2020-04-01 | $289,900 (1.7%) | $321,562 (6.9%) | 0.00 | 218 |
2020-05-01 | $289,900 (3.7%) | $319,863 (7.9%) | 0.00 | 213 |
2020-06-01 | $294,500 (1.7%) | $309,848 (4.4%) | 0.00 | 213 |
2020-07-01 | $289,000 (1.4%) | $319,323 (7.8%) | 0.00 | 203 |
2020-08-01 | $297,950 (6.2%) | $331,019 (12.7%) | 0.00 | 151 |
2020-09-01 | $291,250 (6.3%) | $332,686 (15.1%) | 0.00 | 146 |
2020-10-01 | $309,949 (14.8%) | $348,967 (21.4%) | 0.00 | 133 |
2020-11-01 | $299,998 (5.3%) | $347,820 (16.4%) | 0.00 | 122 |
2020-12-01 | $302,495 (4.4%) | $350,982 (16.8%) | 0.00 | 109 |
2021-01-01 | $299,990 (3.9%) | $347,886 (15.2%) | 0.00 | 101 |
2021-02-01 | $299,988 (3.4%) | $335,334 (5.8%) | 0.00 | 116 |
2021-03-01 | $310,223 (7.0%) | $336,929 (7.4%) | 0.00 | 107 |
2021-04-01 | $323,750 (11.7%) | $354,796 (10.3%) | 0.00 | 103 |
2021-05-01 | $349,900 (20.7%) | $377,184 (17.9%) | 0.00 | 99 |
2021-06-01 | $359,950 (22.2%) | $389,229 (25.6%) | 0.00 | 122 |
2021-07-01 | $359,999 (24.6%) | $398,835 (24.9%) | 0.00 | 140 |
2021-08-01 | $369,000 (23.9%) | $406,848 (22.9%) | 0.00 | 147 |
2021-09-01 | $374,975 (28.8%) | $407,297 (22.4%) | 0.00 | 179 |
2021-10-01 | $379,000 (22.3%) | $412,898 (18.3%) | 0.00 | 183 |
2021-11-01 | $379,059 (26.4%) | $408,391 (17.4%) | 0.00 | 174 |
2021-12-01 | $381,222 (26.0%) | $411,925 (17.4%) | 0.00 | 154 |
2022-01-01 | $380,000 (26.7%) | $421,175 (21.1%) | 0.00 | 140 |
2022-02-01 | $394,925 (31.7%) | $421,145 (25.6%) | 0.00 | 147 |
2022-03-01 | $417,225 (34.5%) | $434,943 (29.1%) | 0.00 | 139 |
2022-04-01 | $435,000 (34.4%) | $459,953 (29.6%) | 0.00 | 140 |
2022-05-01 | $437,000 (24.9%) | $463,271 (22.8%) | 0.00 | 156 |
2022-06-01 | $434,250 (20.6%) | $477,758 (22.7%) | 0.00 | 199 |
2022-07-01 | $425,000 (18.1%) | $471,275 (18.2%) | 0.00 | 254 |
2022-08-01 | $416,975 (13.0%) | $458,841 (12.8%) | 0.00 | 266 |
2022-09-01 | $403,097 (7.5%) | $456,411 (12.1%) | 0.00 | 282 |
2022-10-01 | $399,900 (5.5%) | $440,209 (6.6%) | 0.00 | 281 |
2022-11-01 | $399,000 (5.3%) | $431,116 (5.6%) | 0.00 | 278 |
2022-12-01 | $395,000 (3.6%) | $426,088 (3.4%) | 0.00 | 259 |
Pahrump's median listing price comes in at 0% of the national average.
Pahrump's average listing price for 2022-12-01 was $426,088, a difference of $14,163 (3.4%) versus the prior year and $-5,028 versus the prior month.
For the 2022-12-01 period, Pahrump had 259 MLS listings, a difference of -19 listings (-7%) versus the prior month and 105 listings (68%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Pahrump (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,218 sqft |
2018-02-01 | 0 days | 2,166 sqft |
2018-03-01 | 0 days | 2,228 sqft |
2018-04-01 | 0 days | 2,200 sqft |
2018-05-01 | 0 days | 2,202 sqft |
2018-06-01 | 0 days | 2,201 sqft |
2018-07-01 | 0 days | 2,134 sqft |
2018-08-01 | 0 days | 2,118 sqft |
2018-09-01 | 0 days | 2,110 sqft |
2018-10-01 | 0 days | 2,156 sqft |
2018-11-01 | 0 days | 2,180 sqft |
2018-12-01 | 0 days | 2,113 sqft |
2019-01-01 | 0 days | 2,090 sqft |
2019-02-01 | 0 days | 2,088 sqft |
2019-03-01 | 0 days | 2,078 sqft |
2019-04-01 | 0 days | 2,065 sqft |
2019-05-01 | 0 days | 2,036 sqft |
2019-06-01 | 0 days | 2,025 sqft |
2019-07-01 | 0 days | 2,024 sqft |
2019-08-01 | 0 days | 2,014 sqft |
2019-09-01 | 0 days | 2,003 sqft |
2019-10-01 | 0 days | 2,009 sqft |
2019-11-01 | 0 days | 2,024 sqft |
2019-12-01 | 0 days | 2,050 sqft |
2020-01-01 | 0 days | 2,036 sqft |
2020-02-01 | 0 days | 2,036 sqft |
2020-03-01 | 0 days | 2,022 sqft |
2020-04-01 | 0 days | 2,027 sqft |
2020-05-01 | 0 days | 2,048 sqft |
2020-06-01 | 0 days | 2,022 sqft |
2020-07-01 | 0 days | 2,025 sqft |
2020-08-01 | 0 days | 2,080 sqft |
2020-09-01 | 0 days | 2,038 sqft |
2020-10-01 | 0 days | 2,087 sqft |
2020-11-01 | 0 days | 2,086 sqft |
2020-12-01 | 0 days | 2,087 sqft |
2021-01-01 | 0 days | 2,021 sqft |
2021-02-01 | 0 days | 1,959 sqft |
2021-03-01 | 0 days | 2,009 sqft |
2021-04-01 | 0 days | 2,025 sqft |
2021-05-01 | 0 days | 2,043 sqft |
2021-06-01 | 0 days | 2,065 sqft |
2021-07-01 | 0 days | 2,022 sqft |
2021-08-01 | 0 days | 2,013 sqft |
2021-09-01 | 0 days | 2,013 sqft |
2021-10-01 | 0 days | 1,977 sqft |
2021-11-01 | 0 days | 1,983 sqft |
2021-12-01 | 0 days | 1,997 sqft |
2022-01-01 | 0 days | 1,990 sqft |
2022-02-01 | 0 days | 1,985 sqft |
2022-03-01 | 0 days | 2,006 sqft |
2022-04-01 | 0 days | 2,074 sqft |
2022-05-01 | 0 days | 2,022 sqft |
2022-06-01 | 0 days | 2,022 sqft |
2022-07-01 | 0 days | 2,017 sqft |
2022-08-01 | 0 days | 2,003 sqft |
2022-09-01 | 0 days | 1,991 sqft |
2022-10-01 | 0 days | 1,999 sqft |
2022-11-01 | 0 days | 1,999 sqft |
2022-12-01 | 0 days | 2,011 sqft |
Pahrump's median square footage for active listings during the 2022-12-01 period was 2,011 sqft. One year prior, the average listing was 1,997 sqft.