Pittsburg FHA Loan Rates, Closing Costs & Stats

Pittsburg, KS

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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.

    Pittsburg's 22 lenders originated 70 FHA loans during 2023. The total origination value was $10,280,000, with an average FHA loan value of $146,857.

    Pittsburg FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Pittsburg averaged 6.96% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Pittsburg's average FHA mortgage closing costs are $5,351.

    The average rate for the prior week (2024-04-12) was 7.15% and one month ago for the week of 2024-03-15, the average rate was 6.82%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Pittsburg 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 Pittsburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 29 7.01% $6,501
    QUICKEN LOANS, LLC 5 6.02% $7,304
    U.S. Bank 3 6.58% $5,914
    OPEN MORTGAGE, LLC 3 6.75% $8,324
    Mortgage Investment Services Corporation 3 6.42% $6,802
    DAS Acquisition Company, LLC 3 7.67% $8,327
    AMERISAVE MORTGAGE CORPORATION 2 6.44% $10,345
    FREEDOM MORTGAGE CORPORATION 2 7.25% $12,248
    Mortgage Research Center, LLC 1 7.13% $2,522
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.75% $9,298
    SIRVA MORTGAGE, INC. 1 7.63% $4,789
    The Central Trust Bank 1 7.13% $8,022
    Truist 1 5.25% $10,532
    UMB Bank 1 6.63% $7,550
    LOANDEPOT.COM, LLC 1 6.63% $10,341
    Commerce Bank 1 6.50% $2,757
    CORNERSTONE HOME LENDING, INC. 1 6.25% $13,955
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $3,913
    First Community Bank 1 7.13% $10,591
    First State Bank of St. Charles, Missouri 1 7.38% $5,470
    Flagstar Bank, FSB 1 7.25% $7,570
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $5,492

    The top Pittsburg FHA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 29 FHA loans originated. Their average total fees are $6,501, which is $803 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Pittsburg FHA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($6,501), .

    The lowest rate Pittsburg FHA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (7.01%), .

    Pittsburg FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    PITTSBURG, KS CRAWFORD 2022 $420,680 $538,650 $651,050 $809,150
    PITTSBURG, KS CRAWFORD 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Pittsburg (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 $75,060 (-1.6%) $119,822 (-1.4%) 0.00 192
    2018-02-01 $79,125 (5.2%) $125,272 (2.3%) 0.00 206
    2018-03-01 $86,000 (13.5%) $130,397 (8.5%) 0.00 207
    2018-04-01 $89,125 (18.1%) $142,948 (22.9%) 0.00 211
    2018-05-01 $89,700 (16.5%) $143,973 (20.7%) 0.00 205
    2018-06-01 $99,900 (25.0%) $140,074 (16.5%) 0.00 214
    2018-07-01 $93,100 (6.6%) $140,086 (7.9%) 0.00 211
    2018-08-01 $88,625 (4.4%) $136,128 (4.6%) 0.00 210
    2018-09-01 $88,250 (11.0%) $134,441 (5.2%) 0.00 209
    2018-10-01 $89,900 (13.6%) $138,462 (7.9%) 0.00 211
    2018-11-01 $89,975 (12.8%) $139,055 (11.1%) 0.00 203
    2018-12-01 $84,975 (6.7%) $132,657 (7.4%) 0.00 194
    2019-01-01 $79,950 (6.5%) $127,303 (6.2%) 0.00 182
    2019-02-01 $69,500 (-12.2%) $118,308 (-5.6%) 0.00 226
    2019-03-01 $76,571 (-11.0%) $124,135 (-4.8%) 0.00 204
    2019-04-01 $86,000 (-3.5%) $133,338 (-6.7%) 0.00 179
    2019-05-01 $86,178 (-3.9%) $136,511 (-5.2%) 0.00 164
    2019-06-01 $87,000 (-12.9%) $131,273 (-6.3%) 0.00 163
    2019-07-01 $79,163 (-15.0%) $122,727 (-12.4%) 0.00 160
    2019-08-01 $82,636 (-6.8%) $119,525 (-12.2%) 0.00 161
    2019-09-01 $78,341 (-11.2%) $115,806 (-13.9%) 0.00 166
    2019-10-01 $75,477 (-16.0%) $113,327 (-18.2%) 0.00 173
    2019-11-01 $76,200 (-15.3%) $113,387 (-18.5%) 0.00 169
    2019-12-01 $74,875 (-11.9%) $108,394 (-18.3%) 0.00 162
    2020-01-01 $74,500 (-6.8%) $113,058 (-11.2%) 0.00 141
    2020-02-01 $75,000 (7.9%) $123,412 (4.3%) 0.00 134
    2020-03-01 $93,475 (22.1%) $133,376 (7.4%) 0.00 122
    2020-04-01 $107,450 (24.9%) $135,018 (1.3%) 0.00 123
    2020-05-01 $114,640 (33.0%) $135,417 (-0.8%) 0.00 109
    2020-06-01 $115,960 (33.3%) $136,380 (3.9%) 0.00 90
    2020-07-01 $115,640 (46.1%) $138,262 (12.7%) 0.00 79
    2020-08-01 $116,280 (40.7%) $141,371 (18.3%) 0.00 89
    2020-09-01 $115,960 (48.0%) $143,357 (23.8%) 0.00 96
    2020-10-01 $116,280 (54.1%) $149,069 (31.5%) 0.00 102
    2020-11-01 $115,640 (51.8%) $144,269 (27.2%) 0.00 82
    2020-12-01 $115,960 (54.9%) $140,526 (29.6%) 0.00 75
    2021-01-01 $115,640 (55.2%) $161,918 (43.2%) 0.00 68
    2021-02-01 $99,875 (33.2%) $162,881 (32.0%) 0.00 60
    2021-03-01 $116,890 (25.1%) $148,650 (11.5%) 0.00 60
    2021-04-01 $114,390 (6.5%) $138,372 (2.5%) 0.00 58
    2021-05-01 $100,000 (-12.8%) $144,364 (6.6%) 0.00 51
    2021-06-01 $101,000 (-12.9%) $140,782 (3.2%) 0.00 81
    2021-07-01 $100,000 (-13.5%) $140,927 (1.9%) 0.00 75
    2021-08-01 $101,750 (-12.5%) $142,950 (1.1%) 0.00 59
    2021-09-01 $102,125 (-11.9%) $144,133 (0.5%) 0.00 64
    2021-10-01 $96,500 (-17.0%) $165,057 (10.7%) 0.00 58
    2021-11-01 $102,000 (-11.8%) $166,817 (15.6%) 0.00 60
    2021-12-01 $94,250 (-18.7%) $165,963 (18.1%) 0.00 70
    2022-01-01 $98,500 (-14.8%) $164,018 (1.3%) 0.00 77
    2022-02-01 $128,225 (28.4%) $209,816 (28.8%) 0.00 46
    2022-03-01 $116,900 (0.0%) $213,076 (43.3%) 0.00 39
    2022-04-01 $143,000 (25.0%) $197,833 (43.0%) 0.00 65
    2022-05-01 $175,000 (75.0%) $219,417 (52.0%) 0.00 66
    2022-06-01 $143,725 (42.3%) $196,338 (39.5%) 0.00 71
    2022-07-01 $145,000 (45.0%) $206,521 (46.5%) 0.00 80
    2022-08-01 $135,000 (32.7%) $200,554 (40.3%) 0.00 79
    2022-09-01 $128,000 (25.3%) $195,955 (36.0%) 0.00 76
    2022-10-01 $159,000 (64.8%) $221,171 (34.0%) 0.00 73
    2022-11-01 $160,750 (57.6%) $241,501 (44.8%) 0.00 74
    2022-12-01 $135,000 (43.2%) $220,266 (32.7%) 0.00 79
    2023-01-01 $157,000 (59.4%) $243,084 (48.2%) 0.00 68
    2023-02-01 $158,250 (23.4%) $231,061 (10.1%) 0.00 64
    2023-03-01 $147,475 (26.2%) $226,211 (6.2%) 0.00 46
    2023-04-01 $140,000 (-2.1%) $236,815 (19.7%) 0.00 49
    2023-05-01 $137,925 (-21.2%) $191,492 (-12.7%) 0.00 54
    2023-06-01 $175,500 (22.1%) $245,474 (25.0%) 0.00 64
    2023-07-01 $175,900 (21.3%) $253,099 (22.6%) 0.00 65
    2023-08-01 $192,000 (42.2%) $251,106 (25.2%) 0.00 63
    2023-09-01 $169,000 (32.0%) $227,629 (16.2%) 0.00 77
    2023-10-01 $146,000 (-8.2%) $195,400 (-11.7%) 0.00 78
    2023-11-01 $158,700 (-1.3%) $185,305 (-23.3%) 0.00 78
    2023-12-01 $181,000 (34.1%) $210,235 (-4.6%) 0.00 75
    2024-01-01 $180,950 (15.3%) $222,399 (-8.5%) 0.00 65
    2024-02-01 $194,500 (22.9%) $242,471 (4.9%) 0.00 66
    2024-03-01 $200,000 (35.6%) $246,456 (9.0%) 0.00 55
    Pittsburg's median listing price for 2024-03-01 was $200,000, a difference of $52,525 (35.6%) versus the prior year and $5,500 versus the prior month.

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

    Pittsburg's average listing price for 2024-03-01 was $246,456, a difference of $20,245 (9.0%) versus the prior year and $3,985 versus the prior month.

    For the 2024-03-01 period, Pittsburg had 55 MLS listings, a difference of -11 listings (-17%) versus the prior month and 9 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Pittsburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,359 sqft
    2018-02-01 0 days 1,404 sqft
    2018-03-01 0 days 1,450 sqft
    2018-04-01 0 days 1,485 sqft
    2018-05-01 0 days 1,521 sqft
    2018-06-01 0 days 1,556 sqft
    2018-07-01 0 days 1,559 sqft
    2018-08-01 0 days 1,513 sqft
    2018-09-01 0 days 1,508 sqft
    2018-10-01 0 days 1,567 sqft
    2018-11-01 0 days 1,564 sqft
    2018-12-01 0 days 1,484 sqft
    2019-01-01 0 days 1,427 sqft
    2019-02-01 0 days 1,416 sqft
    2019-03-01 0 days 1,400 sqft
    2019-04-01 0 days 1,401 sqft
    2019-05-01 0 days 1,440 sqft
    2019-06-01 0 days 1,440 sqft
    2019-07-01 0 days 1,432 sqft
    2019-08-01 0 days 1,417 sqft
    2019-09-01 0 days 1,381 sqft
    2019-10-01 0 days 1,350 sqft
    2019-11-01 0 days 1,344 sqft
    2019-12-01 0 days 1,329 sqft
    2020-01-01 0 days 1,337 sqft
    2020-02-01 0 days 1,420 sqft
    2020-03-01 0 days 1,444 sqft
    2020-04-01 0 days 1,582 sqft
    2020-05-01 0 days 1,554 sqft
    2020-06-01 0 days 1,554 sqft
    2020-07-01 0 days 1,673 sqft
    2020-08-01 0 days 1,674 sqft
    2020-09-01 0 days 1,540 sqft
    2020-10-01 0 days 1,605 sqft
    2020-11-01 0 days 1,494 sqft
    2020-12-01 0 days 1,488 sqft
    2021-01-01 0 days 1,450 sqft
    2021-02-01 0 days 1,453 sqft
    2021-03-01 0 days 1,506 sqft
    2021-04-01 0 days 1,452 sqft
    2021-05-01 0 days 1,456 sqft
    2021-06-01 0 days 1,451 sqft
    2021-07-01 0 days 1,388 sqft
    2021-08-01 0 days 1,418 sqft
    2021-09-01 0 days 1,448 sqft
    2021-10-01 0 days 1,505 sqft
    2021-11-01 0 days 1,448 sqft
    2021-12-01 0 days 1,361 sqft
    2022-01-01 0 days 1,305 sqft
    2022-02-01 0 days 1,448 sqft
    2022-03-01 0 days 1,448 sqft
    2022-04-01 0 days 1,412 sqft
    2022-05-01 0 days 1,452 sqft
    2022-06-01 0 days 1,442 sqft
    2022-07-01 0 days 1,459 sqft
    2022-08-01 0 days 1,442 sqft
    2022-09-01 0 days 1,442 sqft
    2022-10-01 0 days 1,442 sqft
    2022-11-01 0 days 1,442 sqft
    2022-12-01 0 days 1,408 sqft
    2023-01-01 0 days 1,442 sqft
    2023-02-01 0 days 1,442 sqft
    2023-03-01 0 days 1,420 sqft
    2023-04-01 0 days 1,428 sqft
    2023-05-01 0 days 1,414 sqft
    2023-06-01 0 days 1,683 sqft
    2023-07-01 0 days 1,731 sqft
    2023-08-01 0 days 1,604 sqft
    2023-09-01 0 days 1,439 sqft
    2023-10-01 0 days 1,404 sqft
    2023-11-01 0 days 1,413 sqft
    2023-12-01 0 days 1,464 sqft
    2024-01-01 0 days 1,461 sqft
    2024-02-01 0 days 1,537 sqft
    2024-03-01 0 days 1,616 sqft
    Pittsburg's median listing age (time on market) for 2024-03-01 was 0 days.

    Pittsburg's median square footage for active listings during the 2024-03-01 period was 1,616 sqft. One year prior, the average listing was 1,420 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).