Pensacola FHA Loans
PENSACOLA-FERRY PASS-BRENT, 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.
Pensacola's 187 lenders originated 2,506 FHA
loans during 2021. The total origination value was $532,510,000, with an average FHA loan value of
$212,494.
Pensacola FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Pensacola
averaged
5.45%
for the week of 2022-05-13, compared to the national average (all FHA variants) of
5.361% for the same period.
The average rate for the prior week (2022-05-06) was
5.18% and
one month ago for the week of 2022-04-08, the
average rate was 4.75%.
The average rate one year ago was 3.15%.
For refis of the same type during the week of 2022-05-13, the average rate
was 4.73%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Pensacola FHA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Pensacola level.
Name |
# of Loans |
2021 Avg. 30yFix Rate |
2021 Avg. Total Fees |
QUICKEN LOANS, LLC
|
267
|
2.80%
|
$6,339
|
THE MORTGAGE FIRM, INC.
|
188
|
3.23%
|
$6,942
|
UNIVERSITY LENDING GROUP, LLC
|
133
|
3.02%
|
$7,123
|
AMERICAN MORTGAGE SERVICE COMPANY
|
96
|
3.17%
|
$7,820
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
89
|
3.41%
|
$6,896
|
DHI MORTGAGE COMPANY, LTD.
|
68
|
2.74%
|
$8,249
|
PENNYMAC LOAN SERVICES, LLC
|
56
|
3.08%
|
$5,389
|
Mr. Cooper ( Nationstar Mortgage )
|
54
|
3.37%
|
$4,161
|
UNITED WHOLESALE MORTGAGE, LLC
|
53
|
2.75%
|
$7,749
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
51
|
3.52%
|
$8,079
|
FIDELITY BANK
|
50
|
3.34%
|
$8,404
|
LAKEVIEW LOAN SERVICING, LLC
|
50
|
3.09%
|
$4,273
|
FREEDOM MORTGAGE CORPORATION
|
48
|
2.99%
|
$5,143
|
LOANDEPOT.COM, LLC
|
45
|
3.33%
|
$7,983
|
INLANTA MORTGAGE, INC.
|
44
|
3.25%
|
$7,281
|
CALIBER HOME LOANS, INC.
|
41
|
2.97%
|
$6,760
|
FIRST COMMUNITY MORTGAGE, INC.
|
39
|
3.18%
|
$6,746
|
BROKER SOLUTIONS, INC.
|
38
|
3.21%
|
$7,845
|
SOUTHEAST MORTGAGE OF GEORGIA, INC.
|
38
|
3.01%
|
$8,294
|
EVERETT FINANCIAL, INC.
|
36
|
3.66%
|
$5,798
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
35
|
3.30%
|
$7,778
|
Hometown Lenders, Inc.
|
30
|
3.40%
|
$8,635
|
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP
|
29
|
3.15%
|
$7,739
|
Citizens Bank
|
24
|
2.75%
|
$6,317
|
Regions Bank
|
23
|
2.85%
|
$7,367
|
HOME POINT FINANCIAL CORPORATION
|
21
|
3.10%
|
$7,726
|
AMERISAVE MORTGAGE CORPORATION
|
19
|
3.01%
|
$7,914
|
HOMETRUST MORTGAGE COMPANY
|
18
|
2.90%
|
$7,205
|
VILLAGE CAPITAL & INVESTMENT LLC
|
18
|
3.01%
|
$2,016
|
Carrington Mortgage Services, LLC
|
17
|
3.44%
|
$6,732
|
FBC MORTGAGE, LLC
|
17
|
3.20%
|
$9,234
|
LOANPAL, LLC
|
15
|
2.73%
|
$7,318
|
Hometown Equity Mortgage, LLC
|
14
|
3.57%
|
$9,877
|
NEWREZ LLC
|
14
|
3.09%
|
$5,952
|
Synovus Bank
|
13
|
2.97%
|
$7,423
|
A Mortgage Boutique, LLC
|
13
|
2.76%
|
$6,292
|
AmeriHome Mortgage Company, LLC
|
12
|
2.91%
|
$4,419
|
DSLD MORTGAGE, LLC
|
12
|
2.45%
|
$6,152
|
Mortgage Research Center, LLC
|
11
|
3.03%
|
$6,514
|
CMG MORTGAGE, INC.
|
11
|
3.07%
|
$7,655
|
Equity Prime Mortgage LLC
|
11
|
3.72%
|
$7,175
|
Centennial Bank
|
11
|
2.72%
|
$7,053
|
CROSSCOUNTRY MORTGAGE, LLC
|
10
|
3.04%
|
$8,954
|
KELLER MORTGAGE, LLC
|
10
|
2.94%
|
$6,362
|
Renasant Bank
|
9
|
3.01%
|
$7,007
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
9
|
3.19%
|
$8,638
|
GUILD MORTGAGE COMPANY
|
9
|
3.44%
|
$9,234
|
Ixonia Bank
|
9
|
3.47%
|
$8,984
|
Flagstar Bank, FSB
|
8
|
2.91%
|
$8,103
|
Lakeview Community Capital, LLC
|
8
|
2.89%
|
$5,073
|
CANOPY MORTGAGE, LLC
|
8
|
2.87%
|
$8,234
|
First Guaranty Mortgage Corporation
|
7
|
3.21%
|
$10,425
|
DAS Acquisition Company, LLC
|
7
|
3.24%
|
$6,688
|
Nations Lending Corporation
|
7
|
3.23%
|
$8,551
|
Bank of England
|
7
|
3.36%
|
$11,229
|
Truist Bank
|
7
|
2.95%
|
$8,539
|
MORTGAGE ONE OF THE SOUTH, INC.
|
6
|
2.40%
|
$5,064
|
Waterstone Mortgage Corporation
|
6
|
3.58%
|
$8,582
|
Beach Community Mortgage Services, Inc.
|
5
|
2.75%
|
$9,362
|
Ameris Bank
|
5
|
2.78%
|
$7,528
|
Bank of America
|
5
|
2.85%
|
$3,772
|
Barrington Bank & Trust Company, N.A.
|
5
|
3.38%
|
$8,058
|
EMBRACE HOME LOANS, INC.
|
5
|
3.15%
|
$8,378
|
GUARANTEED RATE AFFINITY, LLC
|
5
|
3.08%
|
$9,365
|
HOMESIDE FINANCIAL, LLC
|
5
|
3.15%
|
$9,799
|
Trustmark National Bank
|
5
|
2.60%
|
$6,934
|
LEADERONE FINANCIAL CORPORATION
|
4
|
3.13%
|
$10,151
|
INTERLINC MORTGAGE SERVICES, LLC
|
4
|
2.97%
|
$5,818
|
GMFS LLC
|
4
|
3.00%
|
$7,065
|
GUARANTEED RATE, INC.
|
4
|
3.16%
|
$7,977
|
MORIA DEVELOPMENT, INC.
|
4
|
3.94%
|
$9,262
|
Hancock Whitney Bank
|
4
|
2.72%
|
$6,289
|
CERTAINTY HOME LOANS, LLC
|
4
|
3.25%
|
$6,214
|
SUN WEST MORTGAGE COMPANY, INC.
|
4
|
3.44%
|
$8,748
|
PLANET HOME LENDING, LLC
|
3
|
3.08%
|
$7,671
|
Paramount Residential Mortgage Group, Inc.
|
3
|
3.50%
|
$7,859
|
OCEANSIDE MORTGAGE COMPANY
|
3
|
2.79%
|
$3,113
|
VANDERBILT MORTGAGE AND FINANCE, INC.
|
3
|
3.17%
|
$7,698
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
3
|
3.08%
|
$5,580
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
3
|
3.08%
|
$7,736
|
Manufacturers and Traders Trust Company
|
3
|
2.79%
|
$9,329
|
LOANLEADERS OF AMERICA, INC.
|
3
|
3.13%
|
$11,726
|
HAMILTON HOME LOANS, INC.
|
3
|
3.21%
|
$9,287
|
LAND HOME FINANCIAL SERVICES, INC.
|
3
|
3.67%
|
$8,150
|
INLAND BANK & TRUST
|
3
|
3.63%
|
$10,253
|
Colonial Savings, F.A.
|
3
|
3.25%
|
$8,504
|
FirstBank
|
3
|
2.88%
|
$7,416
|
STEARNS LENDING, LLC
|
3
|
3.29%
|
$6,082
|
South State Bank
|
3
|
2.96%
|
$8,492
|
LIBERTY HOME MORTGAGE CORPORATION
|
3
|
3.46%
|
$8,873
|
SOUTHPOINT FINANCIAL SERVICES, INC.
|
2
|
3.19%
|
$7,166
|
HANCOCK MORTGAGE PARTNERS, LLC
|
2
|
3.25%
|
$8,135
|
ENVOY MORTGAGE, LTD
|
2
|
3.31%
|
$6,173
|
HOMESTAR FINANCIAL CORPORATION
|
2
|
2.56%
|
$6,924
|
DELMAR FINANCIAL COMPANY
|
2
|
3.13%
|
$8,642
|
InterContinental Capital Group, Inc
|
2
|
2.44%
|
$8,704
|
Colten Mortgage, LLC
|
2
|
3.88%
|
$10,155
|
CITY FIRST MORTGAGE SERVICES, L.L.C.
|
2
|
4.06%
|
$10,569
|
CHURCHILL MORTGAGE CORPORATION
|
2
|
3.00%
|
$7,251
|
MICHIGAN MUTUAL, INC.
|
2
|
3.00%
|
$7,921
|
CBM Mortgage, Inc.
|
2
|
2.88%
|
$6,940
|
MOVEMENT MORTGAGE, LLC
|
2
|
3.31%
|
$7,715
|
MSA MORTGAGE, LLC
|
2
|
3.06%
|
$8,255
|
Bell Bank
|
2
|
2.88%
|
$8,064
|
OCMBC, INC.
|
2
|
3.25%
|
$9,633
|
OPEN MORTGAGE, LLC
|
2
|
3.19%
|
$7,485
|
POLARIS HOME FUNDING CORP.
|
2
|
3.13%
|
$11,405
|
Progress Bank and Trust
|
2
|
2.56%
|
$7,893
|
RESIDENTIAL BANCORP.
|
2
|
3.06%
|
$5,895
|
RUOFF MORTGAGE COMPANY, INC.
|
2
|
3.38%
|
$6,741
|
SUCCESS MORTGAGE PARTNERS, INC.
|
2
|
3.19%
|
$8,060
|
TOWNE MORTGAGE COMPANY
|
2
|
3.06%
|
$5,452
|
AMERICAN FINANCING CORPORATION
|
2
|
3.06%
|
$9,366
|
AMERICAN FINANCIAL NETWORK, INC.
|
2
|
3.13%
|
$10,893
|
U.S. Bank
|
2
|
2.69%
|
$6,680
|
FIRST EQUITY MORTGAGE BANKERS, INC.
|
2
|
3.56%
|
$5,609
|
MILEND, INC.
|
1
|
2.88%
|
$8,966
|
EQUITY RESOURCES, INC.
|
1
|
2.75%
|
$10,684
|
MORTGAGE FINANCIAL SERVICES, LLC
|
1
|
2.50%
|
$9,209
|
TOP FLITE FINANCIAL, INC.
|
1
|
3.25%
|
$14,174
|
BOKF
|
1
|
3.50%
|
$6,391
|
Financial Freedom Mortgage, LLC
|
1
|
3.88%
|
$10,534
|
BETTER MORTGAGE CORPORATION
|
1
|
2.25%
|
$10,315
|
VAN DYK MORTGAGE CORPORATION
|
1
|
3.63%
|
$7,808
|
GUARANTY HOME MORTGAGE CORPORATION
|
1
|
3.63%
|
$6,410
|
NATIONS DIRECT MORTGAGE, LLC
|
1
|
3.75%
|
$6,647
|
Wells Fargo Bank
|
1
|
4.13%
|
$4,487
|
NATIONS RELIABLE LENDING, LLC
|
1
|
4.25%
|
$11,166
|
1ST SIGNATURE LENDING, LLC
|
1
|
3.25%
|
$9,856
|
AMCAP MORTGAGE, LTD.
|
1
|
4.38%
|
$8,316
|
Tyndall Federal Credit Union
|
1
|
2.75%
|
$6,941
|
UNION HOME MORTGAGE CORP.
|
1
|
3.25%
|
$10,074
|
PACIFIC RESIDENTIAL MORTGAGE, LLC
|
1
|
3.75%
|
$9,142
|
PANORAMA MORTGAGE GROUP, LLC
|
1
|
3.25%
|
$11,950
|
GREAT WESTERN FINANCIAL SERVICES, INC.
|
1
|
3.00%
|
$9,124
|
BAY EQUITY LLC
|
1
|
2.88%
|
$5,475
|
Peoples Bank
|
1
|
3.00%
|
$9,085
|
PILGRIM MORTGAGE LLC
|
1
|
3.13%
|
$7,077
|
PINNACLE LENDING GROUP, INC.
|
1
|
3.88%
|
$7,261
|
Goldwater Bank, N.A.
|
1
|
3.38%
|
$7,108
|
PLAZA HOME MORTGAGE, INC.
|
1
|
2.63%
|
$6,529
|
United Fidelity Funding Corp.
|
1
|
3.88%
|
$7,530
|
PREFERRED LENDING SERVICES, LLC
|
1
|
3.63%
|
$5,441
|
BancorpSouth Bank
|
1
|
3.13%
|
$6,660
|
Austin Capital Bank SSB
|
1
|
3.13%
|
$9,771
|
AMERICAN FINANCIAL RESOURCES, INC.
|
1
|
2.75%
|
$8,184
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
1
|
2.50%
|
$4,367
|
ANGEL OAK HOME LOANS LLC
|
1
|
3.00%
|
$10,233
|
AMERIFIRST FINANCIAL CORPORATION
|
1
|
3.75%
|
$6,866
|
UNIVERSAL LENDING CORPORATION
|
1
|
4.13%
|
$11,644
|
Residential Mortgage Solutions, Inc.
|
1
|
2.99%
|
$12,113
|
ROYAL UNITED MORTGAGE LLC
|
1
|
3.25%
|
$5,423
|
First Community Bank
|
1
|
2.75%
|
$13,969
|
Sierra Pacific Mortgage Company, Inc.
|
1
|
2.88%
|
$11,929
|
SIGNATURE MORTGAGE CORPORATION
|
1
|
3.88%
|
$5,184
|
AMERICAN PORTFOLIO MORTGAGE CORPORATION
|
1
|
2.88%
|
$8,568
|
First Federal Bank
|
1
|
2.88%
|
$4,814
|
George Mason Mortgage, LLC
|
1
|
3.25%
|
$8,221
|
SOUTHWEST FUNDING, LP
|
1
|
3.75%
|
$7,410
|
SOUTHWEST STAGE FUNDING, LLC
|
1
|
3.25%
|
$7,599
|
SOVEREIGN LENDING GROUP INCORPORATED
|
1
|
3.25%
|
$10,064
|
GENEVA FINANCIAL, LLC
|
1
|
3.13%
|
$8,832
|
STOCKTON MORTGAGE CORPORATION
|
1
|
3.00%
|
$6,312
|
First Federal Bank, A FSB
|
1
|
2.88%
|
$7,269
|
Sunflower Bank
|
1
|
2.99%
|
$6,215
|
EVANSVILLE TEACHERS
|
1
|
2.63%
|
$9,301
|
Fifth Third Bank
|
1
|
2.75%
|
$9,192
|
INTELLILOAN, INC.
|
1
|
2.25%
|
$9,183
|
INTERSTATE HOME LOAN CENTER, INC.
|
1
|
2.75%
|
$10,266
|
The Central Trust Bank
|
1
|
2.88%
|
$7,229
|
JPMorgan Chase Bank
|
1
|
3.75%
|
$0
|
COMPASS MORTGAGE, INC.
|
1
|
3.13%
|
$6,407
|
The Federal Savings Bank
|
1
|
2.88%
|
$10,106
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
1
|
3.00%
|
$15,395
|
Consumer First Mortgage, Inc.
|
1
|
2.50%
|
$8,861
|
CONTOUR MORTGAGE CORPORATION
|
1
|
3.00%
|
$5,955
|
LENDING 3, INC.
|
1
|
2.75%
|
$9,731
|
Lend Smart Mortgage, LLC
|
1
|
3.13%
|
$6,465
|
LENDUS, LLC
|
1
|
3.63%
|
$11,177
|
Alcova Mortgage LLC
|
1
|
2.88%
|
$3,590
|
DIRECT LENDERS, LLC
|
1
|
3.00%
|
$8,485
|
HALLMARK HOME MORTGAGE, LLC
|
1
|
3.25%
|
$5,461
|
Century Mortgage Company DBA Century Lending Company
|
1
|
3.25%
|
$10,576
|
Gulf Winds Credit Union
|
1
|
3.00%
|
$4,431
|
TJC Mortgage, Inc.
|
1
|
2.88%
|
$9,461
|
MID AMERICA MORTGAGE, INC.
|
1
|
3.13%
|
$8,590
|
Midwest Mortgage Associates Corporation
|
1
|
2.75%
|
$6,284
|
The top Pensacola FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
267 FHA loans originated. Their average total fees are
$6,339, which is $603
lower than the next largest lender,
THE MORTGAGE FIRM, INC..
The lowest fee Pensacola FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL & INVESTMENT LLC ($2,016), Mr. Cooper ( Nationstar Mortgage ) ($4,161), LAKEVIEW LOAN SERVICING, LLC ($4,273), AmeriHome Mortgage Company, LLC ($4,419) and FREEDOM MORTGAGE CORPORATION ($5,143).
The lowest rate Pensacola FHA lenders (with over 10 loans originated) are
DSLD MORTGAGE, LLC (2.45%), Centennial Bank (2.72%), LOANPAL, LLC (2.73%), DHI MORTGAGE COMPANY, LTD. (2.74%) and Citizens Bank (2.75%).
Pensacola FHA Loan Limits
Metro |
County |
Year |
Single Family Limit |
2 Family Limit |
3 Family Limit |
4 Family Limit |
PENSACOLA-FERRY PASS-BRENT, FL |
ESCAMBIA |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
PENSACOLA-FERRY PASS-BRENT, FL |
SANTA ROSA |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Pensacola (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 |
$259,450 (12.8%) |
$355,173 (11.5%) |
0.96 |
2,690 |
2018-02-01 |
$259,900 (11.4%) |
$354,120 (9.7%) |
0.94 |
2,738 |
2018-03-01 |
$265,000 (11.3%) |
$362,017 (9.0%) |
0.92 |
2,763 |
2018-04-01 |
$269,900 (10.8%) |
$371,142 (8.9%) |
0.91 |
2,778 |
2018-05-01 |
$271,250 (8.9%) |
$370,186 (6.8%) |
0.90 |
2,940 |
2018-06-01 |
$269,900 (8.2%) |
$362,603 (5.8%) |
0.90 |
2,944 |
2018-07-01 |
$268,388 (7.4%) |
$361,398 (7.0%) |
0.89 |
3,069 |
2018-08-01 |
$263,509 (5.4%) |
$354,721 (4.0%) |
0.88 |
3,045 |
2018-09-01 |
$264,900 (3.9%) |
$358,439 (3.1%) |
0.89 |
2,975 |
2018-10-01 |
$263,375 (4.5%) |
$362,013 (4.9%) |
0.88 |
2,916 |
2018-11-01 |
$265,000 (6.0%) |
$361,158 (4.2%) |
0.89 |
2,858 |
2018-12-01 |
$261,750 (0.7%) |
$359,998 (1.3%) |
0.90 |
2,790 |
2019-01-01 |
$260,018 (0.2%) |
$357,140 (0.6%) |
0.90 |
2,622 |
2019-02-01 |
$260,000 (0.0%) |
$361,639 (2.1%) |
0.87 |
2,570 |
2019-03-01 |
$273,000 (3.0%) |
$381,064 (5.3%) |
0.89 |
2,518 |
2019-04-01 |
$280,500 (3.9%) |
$395,788 (6.6%) |
0.88 |
2,624 |
2019-05-01 |
$286,158 (5.5%) |
$399,775 (8.0%) |
0.88 |
2,658 |
2019-06-01 |
$289,000 (7.1%) |
$406,045 (12.0%) |
0.89 |
2,653 |
2019-07-01 |
$289,058 (7.7%) |
$410,677 (13.6%) |
0.90 |
2,643 |
2019-08-01 |
$289,514 (9.9%) |
$410,746 (15.8%) |
0.91 |
2,577 |
2019-09-01 |
$287,224 (8.4%) |
$411,422 (14.8%) |
0.91 |
2,515 |
2019-10-01 |
$285,000 (8.2%) |
$409,629 (13.2%) |
0.91 |
2,557 |
2019-11-01 |
$284,900 (7.5%) |
$410,702 (13.7%) |
0.92 |
2,485 |
2019-12-01 |
$279,950 (7.0%) |
$412,667 (14.6%) |
0.93 |
2,387 |
2020-01-01 |
$279,900 (7.7%) |
$416,571 (16.6%) |
0.93 |
2,298 |
2020-02-01 |
$283,234 (8.9%) |
$411,824 (13.9%) |
0.91 |
2,242 |
2020-03-01 |
$292,500 (7.1%) |
$418,634 (9.9%) |
0.91 |
2,170 |
2020-04-01 |
$289,900 (3.4%) |
$406,273 (2.7%) |
0.90 |
2,241 |
2020-05-01 |
$295,000 (3.1%) |
$418,172 (4.6%) |
0.89 |
2,104 |
2020-06-01 |
$301,185 (4.2%) |
$440,215 (8.4%) |
0.88 |
1,696 |
2020-07-01 |
$299,945 (3.8%) |
$441,955 (7.6%) |
0.86 |
1,598 |
2020-08-01 |
$299,000 (3.3%) |
$462,093 (12.5%) |
0.85 |
1,492 |
2020-09-01 |
$299,748 (4.4%) |
$457,858 (11.3%) |
0.86 |
1,368 |
2020-10-01 |
$296,535 (4.1%) |
$464,198 (13.3%) |
0.85 |
1,261 |
2020-11-01 |
$293,450 (3.0%) |
$470,542 (14.6%) |
0.84 |
1,201 |
2020-12-01 |
$298,075 (6.5%) |
$465,963 (12.9%) |
0.87 |
1,174 |
2021-01-01 |
$312,500 (11.7%) |
$462,123 (10.9%) |
0.92 |
1,068 |
2021-02-01 |
$329,575 (16.4%) |
$503,233 (22.2%) |
0.95 |
825 |
2021-03-01 |
$345,450 (18.1%) |
$523,367 (25.0%) |
0.97 |
756 |
2021-04-01 |
$347,192 (19.8%) |
$533,425 (31.3%) |
0.93 |
793 |
2021-05-01 |
$346,900 (17.6%) |
$532,073 (27.2%) |
0.91 |
860 |
2021-06-01 |
$352,500 (17.0%) |
$529,036 (20.2%) |
0.92 |
969 |
2021-07-01 |
$349,950 (16.7%) |
$526,968 (19.2%) |
0.91 |
1,092 |
2021-08-01 |
$359,950 (20.4%) |
$533,681 (15.5%) |
0.95 |
1,244 |
2021-09-01 |
$359,950 (20.1%) |
$541,598 (18.3%) |
0.95 |
1,306 |
2021-10-01 |
$364,000 (22.8%) |
$546,017 (17.6%) |
0.96 |
1,326 |
2021-11-01 |
$369,000 (25.8%) |
$542,922 (15.4%) |
0.97 |
1,274 |
2021-12-01 |
$374,900 (25.8%) |
$549,975 (18.0%) |
1.00 |
1,189 |
2022-01-01 |
$379,990 (21.6%) |
$539,080 (16.7%) |
1.01 |
979 |
2022-02-01 |
$382,500 (16.1%) |
$581,557 (15.6%) |
0.97 |
808 |
2022-03-01 |
$387,597 (12.2%) |
$577,897 (10.4%) |
0.96 |
775 |
2022-04-01 |
$389,900 (12.3%) |
$584,300 (9.5%) |
0.92 |
847 |
Pensacola's median listing price for 2022-04-01 was $389,900, a difference of
$42,708
(12.3%) versus the prior year and
$2,303 versus the prior month.
Pensacola's median listing price comes in at 92% of the national average.
Pensacola's average listing price for 2022-04-01 was $584,300, a difference of
$50,875
(9.5%) versus the prior year and
$6,403 versus the prior month.
For the 2022-04-01 period, Pensacola had 847 MLS listings, a difference of
72 listings
(9%)
versus the prior month and
54 listings
(7%)
versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Pensacola (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date |
Median Listing Time on Market |
Median Square Footage |
2018-01-01 |
93 days |
2,000 sqft |
2018-02-01 |
89 days |
1,987 sqft |
2018-03-01 |
72 days |
2,004 sqft |
2018-04-01 |
67 days |
2,010 sqft |
2018-05-01 |
66 days |
2,017 sqft |
2018-06-01 |
66 days |
2,000 sqft |
2018-07-01 |
72 days |
2,000 sqft |
2018-08-01 |
75 days |
1,984 sqft |
2018-09-01 |
82 days |
1,986 sqft |
2018-10-01 |
85 days |
1,988 sqft |
2018-11-01 |
89 days |
2,000 sqft |
2018-12-01 |
94 days |
1,996 sqft |
2019-01-01 |
96 days |
1,981 sqft |
2019-02-01 |
91 days |
1,948 sqft |
2019-03-01 |
78 days |
1,978 sqft |
2019-04-01 |
59 days |
2,018 sqft |
2019-05-01 |
53 days |
2,034 sqft |
2019-06-01 |
61 days |
2,034 sqft |
2019-07-01 |
65 days |
2,028 sqft |
2019-08-01 |
66 days |
2,025 sqft |
2019-09-01 |
64 days |
2,026 sqft |
2019-10-01 |
63 days |
2,029 sqft |
2019-11-01 |
66 days |
2,025 sqft |
2019-12-01 |
77 days |
2,003 sqft |
2020-01-01 |
79 days |
2,004 sqft |
2020-02-01 |
64 days |
2,010 sqft |
2020-03-01 |
58 days |
2,039 sqft |
2020-04-01 |
60 days |
2,010 sqft |
2020-05-01 |
65 days |
2,008 sqft |
2020-06-01 |
59 days |
2,017 sqft |
2020-07-01 |
50 days |
2,003 sqft |
2020-08-01 |
49 days |
1,955 sqft |
2020-09-01 |
49 days |
1,956 sqft |
2020-10-01 |
51 days |
1,937 sqft |
2020-11-01 |
48 days |
1,869 sqft |
2020-12-01 |
45 days |
1,879 sqft |
2021-01-01 |
46 days |
1,882 sqft |
2021-02-01 |
43 days |
1,904 sqft |
2021-03-01 |
24 days |
2,004 sqft |
2021-04-01 |
21 days |
1,907 sqft |
2021-05-01 |
18 days |
1,880 sqft |
2021-06-01 |
21 days |
1,871 sqft |
2021-07-01 |
24 days |
1,851 sqft |
2021-08-01 |
27 days |
1,884 sqft |
2021-09-01 |
30 days |
1,882 sqft |
2021-10-01 |
34 days |
1,874 sqft |
2021-11-01 |
38 days |
1,872 sqft |
2021-12-01 |
46 days |
1,917 sqft |
2022-01-01 |
48 days |
1,923 sqft |
2022-02-01 |
28 days |
1,946 sqft |
2022-03-01 |
24 days |
1,928 sqft |
2022-04-01 |
21 days |
1,903 sqft |
Pensacola's median listing age (time on market) for 2022-04-01 was 21 days.
This
is 0%
longer
than the same period one year ago.
Pensacola's median square footage for active listings during the 2022-04-01 period was
1,903 sqft. One year prior, the average listing was
1,907 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).