Pensacola FHA Loan Rates, Closing Costs & Stats

PENSACOLA-FERRY PASS-BRENT, FL

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    • 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 152 lenders originated 1,964 FHA loans during 2024. The total origination value was $506,430,000, with an average FHA loan value of $257,856.

    Pensacola FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Pensacola averaged 6.52% for the week of 2025-07-11, compared to the national average (all FHA variants) of 6.523% for the same period.

    Pensacola's average FHA mortgage closing costs are $8,035.

    The average rate for the prior week (2025-07-04) was 6.06% and one month ago for the week of 2025-06-06, the average rate was 6.49%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.2%.

    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/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Pensacola level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 272 4.80% $7,601
    QUICKEN LOANS, LLC 129 6.27% $12,339
    UNITED WHOLESALE MORTGAGE, LLC 114 6.22% $12,663
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 89 6.51% $10,670
    EAGLE HOME MORTGAGE, LLC 87 4.92% $10,303
    SWBC MORTGAGE CORPORATION 82 6.47% $7,834
    THE MORTGAGE FIRM, INC. 65 6.69% $9,842
    MOVEMENT MORTGAGE, LLC 65 6.71% $10,429
    University Bank 57 6.23% $11,402
    CMG MORTGAGE, INC. 51 6.63% $12,382
    BROKER SOLUTIONS, INC. 39 6.72% $10,193
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 33 6.38% $7,446
    FIDELITY BANK 30 6.37% $10,659
    FREEDOM MORTGAGE CORPORATION 28 6.24% $12,520
    LOANDEPOT.COM, LLC 26 6.45% $11,473
    PENNYMAC LOAN SERVICES, LLC 25 6.02% $11,189
    Synovus Bank 21 6.23% $10,180
    GUARANTEED RATE AFFINITY, LLC 20 6.40% $13,490
    CROSSCOUNTRY MORTGAGE, LLC 19 6.83% $10,765
    Equity Prime Mortgage LLC 19 6.70% $12,873
    Ameris Bank 19 6.26% $10,135
    Mr. Cooper ( Nationstar Mortgage ) 16 6.77% $11,431
    MORTGAGE SOLUTIONS OF COLORADO, LLC 16 6.75% $10,309
    PRIMARY RESIDENTIAL MORTGAGE, INC. 16 6.61% $9,522
    FBC MORTGAGE, LLC 16 5.04% $8,323
    GARDNER FINANCIAL SERVICES, LTD. 15 6.81% $11,466
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 14 6.51% $9,151
    DSLD MORTGAGE, LLC 13 5.54% $8,272
    NEWREZ LLC 12 6.27% $11,881
    LAKEVIEW LOAN SERVICING, LLC 10 6.46% $9,304
    City National Bank of Florida 10 6.11% $9,328
    CARDINAL FINANCIAL 10 6.50% $11,362
    INSPIRE HOME LOANS INC. 10 5.51% $8,874
    Regions Bank 9 6.54% $9,358
    GUILD MORTGAGE COMPANY 9 6.74% $9,716
    PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.93% $11,512
    Flagstar Bank, FSB 9 6.59% $9,176
    CANOPY MORTGAGE, LLC 8 6.72% $12,514
    Paramount Residential Mortgage Group, Inc. 7 6.18% $10,090
    DAS Acquisition Company, LLC 6 6.88% $11,623
    FIRST COLONY MORTGAGE CORPORATION 6 6.15% $7,079
    SUN WEST MORTGAGE COMPANY, INC. 6 5.77% $14,053
    Carrington Mortgage Services, LLC 6 6.63% $14,993
    Ixonia Bank 6 6.94% $9,236
    STOCKTON MORTGAGE CORPORATION 6 6.42% $13,291
    Waterstone Mortgage Corporation 5 6.68% $10,229
    AFFORDABLE MORTGAGE ADVISORS, LLC. 5 6.75% $10,810
    AMERICAN FINANCIAL NETWORK, INC. 5 6.75% $11,703
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.55% $11,530
    EVERETT FINANCIAL, INC. 5 6.28% $14,285
    FIRST COMMUNITY MORTGAGE, INC. 5 6.67% $12,814
    GUARANTEED RATE, INC. 5 6.51% $11,718
    Hancock Whitney Bank 5 6.25% $8,687
    Mortgage Research Center, LLC 5 6.97% $7,288
    MUTUAL OF OMAHA MORTGAGE, INC. 5 6.30% $12,594
    PLAZA HOME MORTGAGE, INC. 5 6.88% $11,876
    TOWNE MORTGAGE COMPANY 5 6.00% $10,561
    AMERICAN FINANCIAL RESOURCES, INC. 4 6.69% $11,477
    AMERISAVE MORTGAGE CORPORATION 4 6.31% $12,406
    Plains Commerce Bank 4 6.22% $10,705
    Bank of America 4 6.28% $4,822
    BancorpSouth 4 6.50% $7,267
    Century Mortgage Company DBA Century Lending Company 3 6.63% $7,950
    NFM, INC. 3 6.92% $12,473
    MID AMERICA MORTGAGE, INC. 3 6.71% $13,311
    EMBRACE HOME LOANS, INC. 3 6.42% $10,158
    VILLAGE CAPITAL MORTGAGE 3 6.42% $9,507
    HOMESIDE FINANCIAL, LLC 3 6.50% $15,858
    LOANPAL, LLC 3 5.88% $9,826
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.75% $10,484
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.75% $11,191
    Northpointe Bank 3 6.08% $9,707
    The Loan Store, Inc. 3 6.13% $12,928
    TOP FLITE FINANCIAL, INC. 3 6.87% $17,638
    Trustmark National Bank 2 6.50% $12,767
    UNION HOME MORTGAGE CORP. 2 6.56% $9,323
    MILEND, INC. 2 6.31% $13,686
    Prosperity Home Mortgage, LLC 2 5.69% $14,172
    Centennial Bank 2 6.56% $8,380
    CHURCHILL MORTGAGE CORPORATION 2 6.25% $13,184
    Renasant Bank 2 6.13% $7,368
    NBKC BANK 2 6.00% $8,286
    Citizens Bank 2 6.44% $8,826
    NEW DAY FINANCIAL, LLC 2 7.62% $5,122
    RUOFF MORTGAGE COMPANY, INC. 2 5.88% $11,268
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.88% $9,500
    AMERICAN FINANCING CORPORATION 2 6.44% $17,705
    BETTER MORTGAGE CORPORATION 2 5.68% $10,729
    Pen Air Federal Credit Union 2 6.81% $7,848
    THE EQUITABLE MORTGAGE CORPORATION 2 5.88% $17,523
    The Federal Savings Bank 2 6.38% $10,933
    PHH Mortgage Corporation 2 6.06% $10,792
    Truist 2 6.43% $7,387
    Bank of England 1 6.00% $20,568
    PLANET HOME LENDING, LLC 1 6.38% $6,509
    PNC Bank 1 6.88% $5,761
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.75% $8,320
    AMERITRUST MORTGAGE CORPORATION 1 6.99% $14,485
    RELIANCE FIRST CAPITAL, LLC 1 5.63% $14,367
    Republic Bank & Trust Company 1 5.25% $16,497
    Residential Mortgage Solutions, Inc. 1 7.13% $11,806
    ROYAL UNITED MORTGAGE LLC 1 6.75% $7,745
    SeaTrust Mortgage Company 1 6.50% $12,401
    AmeriHome Mortgage Company, LLC 1 6.63% $5,795
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $13,211
    American Mortgage & Equity Consultants, Inc. 1 6.00% $22,504
    American Mortgage Bank, LLC 1 6.75% $12,025
    T2 FINANCIAL LLC 1 6.75% $11,130
    Texana Bank 1 6.63% $6,488
    TJC Mortgage, Inc. 1 6.63% $9,609
    A&D Mortgage LLC 1 6.38% $6,823
    Encompass Lending Group, LP 1 6.99% $12,407
    EMM LOANS LLC 1 5.88% $15,559
    FirstBank 1 6.50% $16,152
    DG PINNACLE FUNDING LLC 1 6.75% $10,774
    Cornerstone First Mortgage, Inc 1 6.13% $24,410
    First State Bank 1 7.13% $7,947
    CONTOUR MORTGAGE CORPORATION 1 7.13% $8,602
    COMMUNITY MORTGAGE CORPORATION 1 6.63% $16,065
    GMFS LLC 1 7.13% $11,660
    Granite Community Bank 1 6.25% $12,558
    Great Southern Bank 1 6.50% $8,386
    UNITED MORTGAGE CORP 1 7.50% $10,658
    AMERICAN BANCSHARES MORTGAGE 1 6.50% $7,030
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $11,654
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.13% $9,055
    HOMESPIRE MORTGAGE CORPORATION 1 6.25% $9,396
    Hometown Equity Mortgage, LLC 1 6.75% $14,003
    HOMETRUST MORTGAGE COMPANY 1 7.13% $12,240
    INTELLILOAN, INC. 1 6.50% $4,432
    JMAC LENDING, INC. 1 5.63% $18,386
    JPMorgan Chase Bank 1 6.13% $7,331
    LEADERONE FINANCIAL CORPORATION 1 6.75% $12,299
    BOKF 1 6.13% $17,725
    Loan Simple, Inc. 1 7.25% $15,333
    MICHIGAN MUTUAL, INC. 1 5.99% $9,226
    Mid-Continent Funding, Inc. 1 7.25% $7,668
    MORTGAGE ACCESS CORP. 1 5.75% $10,113
    Mortgage Assurance Inc. 1 6.50% $17,618
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.75% $13,307
    MORTGAGEONE, INC. 1 6.75% $8,238
    MORTGAGE ONE OF THE SOUTH, INC. 1 5.00% $9,466
    ALLIED MORTGAGE GROUP, INC. 1 6.00% $8,321
    BAY EQUITY LLC 1 6.13% $14,223
    Barrington Bank & Trust Company, N.A. 1 6.75% $8,454
    U.S. Bank 1 5.50% $12,980
    NATIONS DIRECT MORTGAGE, LLC 1 5.63% $18,786
    Nations Lending Corporation 1 7.25% $8,720
    NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $14,636
    BankPlus 1 6.13% $12,959
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $6,725
    Old National Bank 1 5.88% $5,488

    The top Pensacola FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 272 FHA loans originated. Their average total fees are $7,601, which is $4,738 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Pensacola FHA lenders (with over 10 loans originated) are ARK-LA-TEX FINANCIAL SERVICES, LLC. ($7,446), DHI MORTGAGE COMPANY, LTD. ($7,601), SWBC MORTGAGE CORPORATION ($7,834), DSLD MORTGAGE, LLC ($8,272) and FBC MORTGAGE, LLC ($8,323).

    The lowest rate Pensacola FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.80%), EAGLE HOME MORTGAGE, LLC (4.92%), FBC MORTGAGE, LLC (5.04%), INSPIRE HOME LOANS INC. (5.51%) and DSLD MORTGAGE, LLC (5.54%).

    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
    PENSACOLA-FERRY PASS-BRENT, FL ESCAMBIA 2023 $472,030 $604,400 $730,525 $907,900
    PENSACOLA-FERRY PASS-BRENT, FL SANTA ROSA 2023 $472,030 $604,400 $730,525 $907,900

    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 $250,000 (10.8%) $335,503 (9.7%) 0.93 2,375
    2018-02-01 $250,000 (9.7%) $334,126 (7.2%) 0.91 2,420
    2018-03-01 $258,650 (11.0%) $340,708 (6.4%) 0.91 2,444
    2018-04-01 $261,301 (9.7%) $349,888 (6.2%) 0.89 2,454
    2018-05-01 $264,900 (10.1%) $348,056 (0.6%) 0.88 2,598
    2018-06-01 $261,899 (8.4%) $342,823 (3.4%) 0.87 2,629
    2018-07-01 $260,000 (6.1%) $340,897 (4.5%) 0.87 2,726
    2018-08-01 $256,950 (5.2%) $335,171 (3.5%) 0.86 2,707
    2018-09-01 $258,725 (4.4%) $337,210 (1.7%) 0.87 2,637
    2018-10-01 $257,450 (5.2%) $339,736 (4.0%) 0.87 2,605
    2018-11-01 $259,000 (6.3%) $339,240 (3.0%) 0.88 2,575
    2018-12-01 $254,700 (1.9%) $338,117 (0.5%) 0.88 2,539
    2019-01-01 $255,000 (2.0%) $339,641 (1.2%) 0.88 2,433
    2019-02-01 $254,950 (2.0%) $342,453 (2.5%) 0.86 2,455
    2019-03-01 $263,329 (1.8%) $355,711 (4.4%) 0.86 2,443
    2019-04-01 $270,925 (3.7%) $374,519 (7.0%) 0.86 2,384
    2019-05-01 $275,225 (3.9%) $376,497 (8.2%) 0.86 2,397
    2019-06-01 $275,900 (5.4%) $383,440 (11.9%) 0.86 2,345
    2019-07-01 $279,000 (7.3%) $387,600 (13.7%) 0.87 2,308
    2019-08-01 $278,536 (8.4%) $387,367 (15.6%) 0.88 2,293
    2019-09-01 $276,491 (6.9%) $388,133 (15.1%) 0.88 2,283
    2019-10-01 $274,900 (6.8%) $387,961 (14.2%) 0.89 2,276
    2019-11-01 $274,900 (6.1%) $389,208 (14.7%) 0.90 2,210
    2019-12-01 $270,000 (6.0%) $390,041 (15.4%) 0.90 2,148
    2020-01-01 $269,900 (5.8%) $392,387 (15.5%) 0.90 2,051
    2020-02-01 $271,800 (6.6%) $392,301 (14.6%) 0.89 2,008
    2020-03-01 $283,973 (7.8%) $398,620 (12.1%) 0.89 1,963
    2020-04-01 $279,950 (3.3%) $391,287 (4.5%) 0.88 2,034
    2020-05-01 $289,000 (5.0%) $404,731 (7.5%) 0.88 1,921
    2020-06-01 $295,731 (7.2%) $425,737 (11.0%) 0.87 1,570
    2020-07-01 $291,900 (4.6%) $429,399 (10.8%) 0.85 1,483
    2020-08-01 $289,000 (3.8%) $442,223 (14.2%) 0.83 1,400
    2020-09-01 $289,900 (4.9%) $423,539 (9.1%) 0.83 1,266
    2020-10-01 $285,000 (3.7%) $434,665 (12.0%) 0.82 1,175
    2020-11-01 $281,825 (2.5%) $443,803 (14.0%) 0.82 1,134
    2020-12-01 $290,005 (7.4%) $442,666 (13.5%) 0.86 1,099
    2021-01-01 $300,000 (11.2%) $444,641 (13.3%) 0.90 1,025
    2021-02-01 $317,500 (16.8%) $477,274 (21.7%) 0.92 811
    2021-03-01 $339,450 (19.5%) $502,029 (25.9%) 0.96 757
    2021-04-01 $337,725 (20.6%) $505,060 (29.1%) 0.91 778
    2021-05-01 $339,000 (17.3%) $500,759 (23.7%) 0.90 837
    2021-06-01 $341,193 (15.4%) $498,924 (17.2%) 0.90 931
    2021-07-01 $335,750 (15.0%) $504,602 (17.5%) 0.89 1,080
    2021-08-01 $349,900 (21.1%) $509,639 (15.2%) 0.93 1,160
    2021-09-01 $347,225 (19.8%) $516,864 (22.0%) 0.93 1,216
    2021-10-01 $350,000 (22.8%) $520,877 (19.8%) 0.93 1,234
    2021-11-01 $356,925 (26.7%) $518,612 (16.9%) 0.95 1,208
    2021-12-01 $362,875 (25.1%) $531,853 (20.2%) 0.98 1,094
    2022-01-01 $369,900 (23.3%) $526,080 (18.3%) 1.00 983
    2022-02-01 $374,950 (18.1%) $568,539 (19.1%) 0.98 752
    2022-03-01 $375,062 (10.5%) $552,380 (10.0%) 0.94 749
    2022-04-01 $380,833 (12.8%) $554,640 (9.8%) 0.91 803
    2022-05-01 $389,684 (15.0%) $551,657 (10.2%) 0.89 1,028
    2022-06-01 $391,725 (14.8%) $556,940 (11.6%) 0.87 1,291
    2022-07-01 $394,900 (17.6%) $545,029 (8.0%) 0.89 1,743
    2022-08-01 $395,783 (13.1%) $554,144 (8.7%) 0.91 1,818
    2022-09-01 $392,000 (12.9%) $548,117 (6.1%) 0.92 1,815
    2022-10-01 $371,260 (6.1%) $503,247 (-3.4%) 0.87 2,542
    2022-11-01 $372,400 (4.3%) $498,532 (-3.9%) 0.90 2,566
    2022-12-01 $369,900 (1.9%) $497,534 (-6.5%) 0.91 2,363
    2023-01-01 $384,900 (4.1%) $512,182 (-2.6%) 0.95 1,976
    2023-02-01 $379,925 (1.3%) $510,048 (-10.3%) 0.92 1,814
    2023-03-01 $389,675 (3.9%) $528,670 (-4.3%) 0.92 1,719
    2023-04-01 $395,000 (3.7%) $541,809 (-2.3%) 0.92 1,705
    2023-05-01 $399,400 (2.5%) $552,510 (0.2%) 0.91 1,699
    2023-06-01 $393,769 (0.5%) $543,887 (-2.3%) 0.88 1,751
    2023-07-01 $388,000 (-1.8%) $536,841 (-1.5%) 0.88 1,835
    2023-08-01 $384,725 (-2.8%) $527,005 (-4.9%) 0.88 1,984
    2023-09-01 $375,000 (-4.3%) $518,430 (-5.4%) 0.87 2,127
    2023-10-01 $372,875 (0.4%) $515,897 (2.5%) 0.88 2,318
    2023-11-01 $367,350 (-1.4%) $513,637 (3.0%) 0.87 2,466
    2023-12-01 $364,900 (-1.4%) $510,492 (2.6%) 0.89 2,472
    2024-01-01 $361,200 (-6.2%) $512,652 (0.1%) 0.88 2,364
    2024-02-01 $365,000 (-3.9%) $516,662 (1.3%) 0.88 2,448
    2024-03-01 $369,000 (-5.3%) $522,763 (-1.1%) 0.87 2,570
    2024-04-01 $370,642 (-6.2%) $531,987 (-1.8%) 0.86 2,745
    2024-05-01 $373,975 (-6.4%) $536,734 (-2.9%) 0.85 2,802
    2024-06-01 $375,000 (-4.8%) $530,144 (-2.5%) 0.85 2,921
    2024-07-01 $375,000 (-3.4%) $527,370 (-1.8%) 0.86 2,942
    2024-08-01 $369,000 (-4.1%) $518,999 (-1.5%) 0.86 2,998
    2024-09-01 $362,250 (-3.4%) $513,377 (-1.0%) 0.85 3,106
    2024-10-01 $364,900 (-2.1%) $508,857 (-1.4%) 0.86 3,093
    2024-11-01 $363,242 (-1.1%) $508,221 (-1.1%) 0.87 3,058
    2024-12-01 $355,000 (-2.7%) $494,905 (-3.1%) 0.88 2,910
    2025-01-01 $355,450 (-1.6%) $499,073 (-2.7%) 0.89 2,849
    2025-02-01 $355,000 (-2.7%) $507,762 (-1.7%) 0.86 2,932
    2025-03-01 $359,900 (-2.5%) $512,108 (-2.0%) 0.85 3,039
    2025-04-01 $365,000 (-1.5%) $515,893 (-3.0%) 0.85 3,173
    2025-05-01 $369,777 (-1.1%) $517,179 (-3.6%) 0.84 3,280
    2025-06-01 $370,001 (-1.3%) $523,654 (-1.2%) 0.84 3,289
    Pensacola's median listing price for 2025-06-01 was $370,001, a difference of $-4,999 (-1.3%) versus the prior year and $224 versus the prior month.

    Pensacola's median listing price comes in at 84% of the national average.

    Pensacola's average listing price for 2025-06-01 was $523,654, a difference of $-6,490 (-1.2%) versus the prior year and $6,475 versus the prior month.

    For the 2025-06-01 period, Pensacola had 3,289 MLS listings, a difference of 9 listings (0%) versus the prior month and 368 listings (13%) 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 82 days 1,961 sqft
    2018-02-01 75 days 1,942 sqft
    2018-03-01 60 days 1,983 sqft
    2018-04-01 59 days 1,997 sqft
    2018-05-01 58 days 2,000 sqft
    2018-06-01 60 days 1,978 sqft
    2018-07-01 66 days 1,981 sqft
    2018-08-01 70 days 1,955 sqft
    2018-09-01 73 days 1,950 sqft
    2018-10-01 75 days 1,959 sqft
    2018-11-01 80 days 1,969 sqft
    2018-12-01 84 days 1,950 sqft
    2019-01-01 87 days 1,944 sqft
    2019-02-01 82 days 1,924 sqft
    2019-03-01 70 days 1,954 sqft
    2019-04-01 55 days 2,000 sqft
    2019-05-01 51 days 2,016 sqft
    2019-06-01 59 days 2,009 sqft
    2019-07-01 63 days 2,005 sqft
    2019-08-01 62 days 2,008 sqft
    2019-09-01 62 days 2,008 sqft
    2019-10-01 60 days 2,008 sqft
    2019-11-01 66 days 2,004 sqft
    2019-12-01 75 days 1,969 sqft
    2020-01-01 77 days 1,973 sqft
    2020-02-01 63 days 1,986 sqft
    2020-03-01 55 days 2,026 sqft
    2020-04-01 58 days 1,988 sqft
    2020-05-01 61 days 1,989 sqft
    2020-06-01 56 days 1,991 sqft
    2020-07-01 45 days 1,959 sqft
    2020-08-01 44 days 1,915 sqft
    2020-09-01 47 days 1,904 sqft
    2020-10-01 48 days 1,900 sqft
    2020-11-01 44 days 1,850 sqft
    2020-12-01 42 days 1,859 sqft
    2021-01-01 44 days 1,874 sqft
    2021-02-01 36 days 1,890 sqft
    2021-03-01 21 days 1,979 sqft
    2021-04-01 19 days 1,897 sqft
    2021-05-01 17 days 1,850 sqft
    2021-06-01 20 days 1,850 sqft
    2021-07-01 23 days 1,848 sqft
    2021-08-01 26 days 1,855 sqft
    2021-09-01 29 days 1,855 sqft
    2021-10-01 32 days 1,849 sqft
    2021-11-01 37 days 1,858 sqft
    2021-12-01 46 days 1,913 sqft
    2022-01-01 45 days 1,892 sqft
    2022-02-01 24 days 1,923 sqft
    2022-03-01 22 days 1,897 sqft
    2022-04-01 18 days 1,892 sqft
    2022-05-01 19 days 1,896 sqft
    2022-06-01 24 days 1,885 sqft
    2022-07-01 29 days 1,903 sqft
    2022-08-01 39 days 1,932 sqft
    2022-09-01 47 days 1,939 sqft
    2022-10-01 53 days 1,859 sqft
    2022-11-01 55 days 1,854 sqft
    2022-12-01 65 days 1,873 sqft
    2023-01-01 73 days 1,876 sqft
    2023-02-01 65 days 1,838 sqft
    2023-03-01 57 days 1,852 sqft
    2023-04-01 52 days 1,873 sqft
    2023-05-01 49 days 1,859 sqft
    2023-06-01 47 days 1,831 sqft
    2023-07-01 51 days 1,830 sqft
    2023-08-01 49 days 1,830 sqft
    2023-09-01 50 days 1,818 sqft
    2023-10-01 54 days 1,813 sqft
    2023-11-01 58 days 1,805 sqft
    2023-12-01 66 days 1,787 sqft
    2024-01-01 78 days 1,775 sqft
    2024-02-01 72 days 1,776 sqft
    2024-03-01 57 days 1,773 sqft
    2024-04-01 57 days 1,782 sqft
    2024-05-01 55 days 1,782 sqft
    2024-06-01 59 days 1,787 sqft
    2024-07-01 66 days 1,805 sqft
    2024-08-01 67 days 1,779 sqft
    2024-09-01 70 days 1,783 sqft
    2024-10-01 74 days 1,777 sqft
    2024-11-01 79 days 1,780 sqft
    2024-12-01 85 days 1,771 sqft
    2025-01-01 88 days 1,766 sqft
    2025-02-01 83 days 1,765 sqft
    2025-03-01 65 days 1,766 sqft
    2025-04-01 62 days 1,770 sqft
    2025-05-01 65 days 1,783 sqft
    2025-06-01 67 days 1,786 sqft
    Pensacola's median listing age (time on market) for 2025-06-01 was 67 days. This is 14% longer than the same period one year ago.

    Pensacola's median square footage for active listings during the 2025-06-01 period was 1,786 sqft. One year prior, the average listing was 1,787 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).