Pittsburgh FHA Loan Rates, Closing Costs & Stats

PITTSBURGH, PA

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.

Pittsburgh's 194 lenders originated 5,380 FHA loans during 2022. The total origination value was $939,100,000, with an average FHA loan value of $174,554.

Pittsburgh FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Pittsburgh averaged -0.57% for the week of 2024-02-23, compared to the national average (all FHA variants) of 0% for the same period.

Pittsburgh's average FHA mortgage closing costs are $6,795.

The average rate for the prior week (2024-02-16) was 6.17% and one month ago for the week of 2024-01-19, the average rate was 5.91%.

The average rate one year ago was 5.77%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.62%.

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

Pittsburgh 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 Pittsburgh level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 671 4.65% $8,034
Citizens Bank 323 4.31% $7,996
UNITED WHOLESALE MORTGAGE, LLC 306 4.90% $9,084
HOWARD HANNA FINANCIAL SERVICES, INC. 171 5.07% $7,107
JLB CORPORATION 156 4.73% $8,701
MOVEMENT MORTGAGE, LLC 143 5.04% $8,925
PLAZA HOME MORTGAGE, INC. 135 4.92% $9,634
Victorian Finance, LLC 133 4.69% $8,758
LOANDEPOT.COM, LLC 129 4.81% $8,992
EQUITY RESOURCES, INC. 125 4.79% $7,840
CROSSCOUNTRY MORTGAGE, LLC 117 5.14% $10,117
Flagstar Bank, FSB 113 4.16% $5,760
WEST PENN FINANCIAL SERVICE CENTER, INC. 112 5.03% $7,101
UNION HOME MORTGAGE CORP. 102 4.97% $9,455
STOCKTON MORTGAGE CORPORATION 101 5.17% $9,280
The Huntington National Bank 79 4.85% $8,278
GUARANTEED RATE AFFINITY, LLC 79 5.04% $8,683
PENNYMAC LOAN SERVICES, LLC 72 4.59% $8,119
PNC Bank 68 4.90% $5,698
Mr. Cooper ( Nationstar Mortgage ) 63 4.71% $9,700
CARDINAL FINANCIAL 61 4.82% $8,725
FREEDOM MORTGAGE CORPORATION 61 5.42% $8,640
HOMEBRIDGE FINANCIAL SERVICES, INC. 61 5.33% $8,169
GUARANTEED RATE, INC. 51 4.76% $8,578
AMERISAVE MORTGAGE CORPORATION 50 4.53% $10,593
RELIANCE FIRST CAPITAL, LLC 48 4.74% $9,149
Carrington Mortgage Services, LLC 47 5.21% $9,134
DEVELOPER'S MORTGAGE COMPANY 44 4.84% $4,501
BROKER SOLUTIONS, INC. 43 5.14% $9,665
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 43 5.24% $7,882
WELCOME HOME FINANCE, L.P. 42 5.28% $5,941
NVR Mortgage Finance, Inc. 42 4.43% $15,471
Union Savings Bank 40 4.84% $6,917
FEDERATED MORTGAGE CORP. 40 4.89% $8,049
Dollar Bank, Federal Savings Bank 36 4.53% $6,653
LAKEVIEW LOAN SERVICING, LLC 33 3.94% $6,820
Princeton Mortgage Corporation 30 4.45% $8,617
NEWREZ LLC 29 4.53% $8,793
ALLIED MORTGAGE GROUP, INC. 29 4.74% $9,599
Mortgage Research Center, LLC 28 5.71% $5,425
First Commonwealth Bank 28 4.83% $7,520
Nations Lending Corporation 27 5.57% $8,750
HOME POINT FINANCIAL CORPORATION 27 4.18% $10,092
Equity Prime Mortgage LLC 25 5.61% $9,624
CALIBER HOME LOANS, INC. 21 4.67% $7,559
PRIMELENDING, A PLAINSCAPITAL COMPANY 21 5.37% $11,391
American Financial Mortgage Corporation 20 5.39% $9,496
Sail Mortgage Corp. 20 5.30% $6,952
TOWNE MORTGAGE COMPANY 20 4.85% $7,834
GUILD MORTGAGE COMPANY 19 4.94% $8,122
EMM LOANS LLC 19 4.28% $8,598
TOP FLITE FINANCIAL, INC. 18 5.43% $14,244
VILLAGE CAPITAL MORTGAGE 18 3.69% $4,587
HOMESIDE FINANCIAL, LLC 18 4.85% $8,647
U.S. Bank 17 4.68% $7,092
Waterstone Mortgage Corporation 16 5.32% $8,709
Gateway First Bank 14 5.53% $5,117
AMERICAN FINANCING CORPORATION 14 4.71% $8,523
WesBanco 13 5.13% $7,039
Bank of England 12 5.59% $8,068
MUTUAL OF OMAHA MORTGAGE, INC. 12 5.15% $10,107
Northwest Bank 11 5.22% $11,818
FINANCE OF AMERICA MORTGAGE LLC 11 4.54% $9,304
NATIONWIDE MORTGAGE BANKERS, INC. 11 4.73% $10,466
Paramount Residential Mortgage Group, Inc. 10 5.33% $9,076
JPMorgan Chase Bank 10 5.28% $6,015
PLANET HOME LENDING, LLC 10 4.48% $7,729
KeyBank 10 4.41% $8,553
ROYAL UNITED MORTGAGE LLC 9 5.35% $11,180
CHURCHILL MORTGAGE CORPORATION 9 5.47% $10,994
EVANSVILLE TEACHERS 9 4.89% $6,777
NORWICH COMMERCIAL GROUP, INC. 9 5.65% $7,881
First Guaranty Mortgage Corporation 8 3.73% $7,539
ASSOCIATED MORTGAGE BANKERS, INC. 8 4.59% $8,916
AMCAP MORTGAGE, LTD. 8 5.48% $10,691
Prosperity Home Mortgage, LLC 7 5.04% $8,166
MICHIGAN MUTUAL, INC. 7 5.27% $9,779
MILEND, INC. 7 5.10% $16,500
Bank of America 7 3.88% $5,377
Barrington Bank & Trust Company, N.A. 7 5.25% $7,901
CONTOUR MORTGAGE CORPORATION 7 4.86% $12,114
EVERETT FINANCIAL, INC. 7 4.50% $6,981
RESIDENTIAL HOME FUNDING CORP. 7 6.20% $8,919
First National Bank of Pennsylvania 7 5.46% $8,248
ZILLOW HOME LOANS, LLC 7 5.43% $9,826
EMBRACE HOME LOANS, INC. 5 5.20% $12,784
UNITED MORTGAGE CORP 5 5.15% $11,119
SUN WEST MORTGAGE COMPANY, INC. 5 5.97% $9,253
BECKAM FUNDING CORP. 5 6.13% $20,671
Northpointe Bank 5 5.50% $7,808
AmeriHome Mortgage Company, LLC 5 4.95% $8,269
First Federal Bank 5 4.85% $9,764
PENTAGON FEDERAL CREDIT UNION 5 5.43% $7,349
AFFORDABLE MORTGAGE ADVISORS, LLC. 4 5.66% $6,221
Century Mortgage Company DBA Century Lending Company 4 5.56% $8,706
The Federal Savings Bank 4 4.78% $15,390
DAS Acquisition Company, LLC 4 6.31% $10,564
MORIA DEVELOPMENT, INC. 4 5.34% $9,232
Peoples Bank 4 5.43% $8,658
NFM, INC. 4 5.16% $8,270
LIBERTY HOME MORTGAGE CORPORATION 4 5.34% $9,374
Wells Fargo Bank 4 5.44% $7,278
BETTER MORTGAGE CORPORATION 3 4.67% $5,209
AMERICAN FINANCIAL RESOURCES, INC. 3 4.25% $8,693
FIRST ALLIANCE HOME MORTGAGE, LLC 3 5.33% $11,079
GSF Mortgage Corporation 3 4.58% $8,524
LADERA LENDING, INC. 3 4.83% $11,078
LOANPAL, LLC 3 3.54% $12,144
M&T Bank 3 5.13% $6,164
NETWORK CAPITAL FUNDING CORPORATION 3 5.71% $7,764
Paramount Bank 3 4.71% $11,782
PHH Mortgage Corporation 3 5.21% $6,494
Plains Commerce Bank 3 6.21% $7,110
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 5.54% $8,889
SOUTHPOINT FINANCIAL SERVICES, INC. 3 5.71% $3,951
GUARANTY HOME MORTGAGE CORPORATION 2 6.13% $10,269
NBKC BANK 2 4.75% $9,563
First Federal Bank of the Midwest 2 5.94% $8,503
Wyndham Capital Mortgage, Inc. 2 5.94% $8,581
Fifth Third Bank 2 4.31% $6,775
AMERICAN PACIFIC MORTGAGE CORPORATION 2 4.50% $11,379
BAY EQUITY LLC 2 5.69% $8,881
The Farmers National Bank of Canfield 2 4.50% $7,100
Ameris Bank 2 5.81% $8,969
Hometown Lenders, Inc. 2 4.69% $8,954
Austin Capital Bank SSB 2 5.38% $8,066
MILLENNIUM FINANCIAL GROUP, INC. 2 4.44% $6,411
TIDEWATER MORTGAGE SERVICES, INC. 2 4.94% $9,056
Lakeview Community Capital, LLC 2 4.38% $8,372
TOTAL MORTGAGE SERVICES, LLC 2 5.75% $7,837
CMG MORTGAGE, INC. 2 6.25% $9,541
First Heritage Mortgage, LLC 2 4.44% $9,171
GENEVA FINANCIAL, LLC 2 5.56% $9,208
George Mason Mortgage, LLC 1 6.25% $6,803
POLARIS HOME FUNDING CORP. 1 5.38% $9,773
Premium Mortgage Corporation 1 5.63% $5,111
FLAT BRANCH MORTGAGE, INC. 1 3.63% $11,851
FIRST HOME MORTGAGE CORPORATION 1 4.25% $7,516
First Home Bank 1 4.75% $10,449
Quaint Oak Mortgage, LLC 1 6.63% $6,767
Quik Fund, Inc 1 6.63% $9,688
RAPID MORTGAGE COMPANY 1 5.13% $6,683
FIRST HERITAGE FINANCIAL, LLC 1 3.63% $7,617
RESIDENTIAL HOME MORTGAGE CORPORATION 1 4.13% $8,322
RUOFF MORTGAGE COMPANY, INC. 1 4.38% $7,325
FAY SERVICING, LLC 1 3.88% $10,389
Sierra Pacific Mortgage Company, Inc. 1 3.88% $9,602
SOUTHERN TRUST MORTGAGE, LLC 1 3.25% $7,307
AMERICAN FEDERAL MORTGAGE CORPORATION 1 6.13% $7,474
SOVEREIGN LENDING GROUP INCORPORATED 1 4.50% $12,805
STEARNS LENDING, LLC 1 3.38% $4,843
DRAPER AND KRAMER MORTGAGE CORP. 1 5.63% $8,093
Summit Mortgage Corporation 1 4.63% $7,245
DIRECT MORTGAGE LOANS, LLC 1 6.63% $9,344
T2 FINANCIAL LLC 1 3.63% $10,244
Texana Bank 1 4.13% $8,912
DATA MORTGAGE, INC. 1 6.25% $6,776
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 4.38% $6,400
Colonial Savings, F.A. 1 3.38% $7,587
Town Square Mortgage & Investments, Inc. 1 5.63% $4,037
Truist 1 6.75% $3,538
BNC National Bank 1 7.75% $5,884
Blue Ridge Bank 1 5.62% $13,074
United Bank 1 3.75% $5,678
ACADEMY MORTGAGE CORPORATION 1 5.63% $7,754
Bethpage Federal Credit Union 1 5.25% $2,843
Univest Bank and Trust Co. 1 6.25% $9,750
US MORTGAGE CORPORATION 1 4.88% $9,026
VAN DYK MORTGAGE CORPORATION 1 3.25% $8,552
BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 3.25% $5,476
MORTGAGE ACCESS CORP. 1 3.75% $10,945
MID-ISLAND MORTGAGE CORP. 1 5.50% $11,320
MID AMERICA MORTGAGE, INC. 1 6.75% $8,872
MEMBER ADVANTAGE MORTGAGE, LLC 1 7.13% $9,195
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.50% $11,943
Loan Simple, Inc. 1 6.13% $7,420
Magnolia Bank 1 5.63% $9,894
LOANLEADERS OF AMERICA, INC. 1 3.50% $21,516
ARC HOME LLC 1 5.63% $12,297
NEW DAY FINANCIAL, LLC 1 3.75% $4,935
LENOX FINANCIAL MORTGAGE CORPORATION 1 5.13% $11,725
NEXERA HOLDING LLC 1 5.25% $8,104
LEGEND LENDING CORPORATION 1 6.75% $8,872
INTERCAP LENDING INC. 1 6.63% $6,135
NP, Inc. 1 2.88% $7,795
Hometown Equity Mortgage, LLC 1 4.75% $10,121
OCEANSIDE MORTGAGE COMPANY 1 3.25% $2,184
OCMBC, INC. 1 5.00% $14,820
PARAGON HOME LOANS INC. 1 5.00% $9,540
HOMESTEAD FUNDING CORP. 1 6.00% $3,040
HOMESPIRE MORTGAGE CORPORATION 1 3.75% $10,067
GREENTREE MORTGAGE COMPANY, L.P. 1 4.38% $5,635
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.75% $9,615
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 3.75% $8,473

The top Pittsburgh FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 671 FHA loans originated. Their average total fees are $8,034, which is $38 higher than the next largest lender, Citizens Bank.

The lowest fee Pittsburgh FHA lenders (with over 10 loans originated) are DEVELOPER'S MORTGAGE COMPANY ($4,501), VILLAGE CAPITAL MORTGAGE ($4,587), Gateway First Bank ($5,117), Mortgage Research Center, LLC ($5,425) and PNC Bank ($5,698).

The lowest rate Pittsburgh FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (3.69%), LAKEVIEW LOAN SERVICING, LLC (3.94%), Flagstar Bank, FSB (4.16%), HOME POINT FINANCIAL CORPORATION (4.18%) and EMM LOANS LLC (4.28%).

Pittsburgh FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
PITTSBURGH, PA ALLEGHENY 2022 $420,680 $538,650 $651,050 $809,150
PITTSBURGH, PA ARMSTRONG 2022 $420,680 $538,650 $651,050 $809,150
PITTSBURGH, PA BEAVER 2022 $420,680 $538,650 $651,050 $809,150
PITTSBURGH, PA BUTLER 2022 $420,680 $538,650 $651,050 $809,150
PITTSBURGH, PA FAYETTE 2022 $420,680 $538,650 $651,050 $809,150
PITTSBURGH, PA WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
PITTSBURGH, PA WESTMORELAND 2022 $420,680 $538,650 $651,050 $809,150
PITTSBURGH, PA ALLEGHENY 2023 $472,030 $604,400 $730,525 $907,900
PITTSBURGH, PA ARMSTRONG 2023 $472,030 $604,400 $730,525 $907,900
PITTSBURGH, PA BEAVER 2023 $472,030 $604,400 $730,525 $907,900
PITTSBURGH, PA BUTLER 2023 $472,030 $604,400 $730,525 $907,900
PITTSBURGH, PA FAYETTE 2023 $472,030 $604,400 $730,525 $907,900
PITTSBURGH, PA WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
PITTSBURGH, PA WESTMORELAND 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Pittsburgh (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 $164,900 (11.4%) $253,059 (6.7%) 0.61 8,088
2018-02-01 $164,950 (9.7%) $257,700 (6.3%) 0.60 7,596
2018-03-01 $169,999 (11.4%) $270,056 (6.9%) 0.60 7,370
2018-04-01 $177,763 (9.8%) $276,225 (7.0%) 0.60 7,405
2018-05-01 $179,900 (10.1%) $279,805 (6.9%) 0.60 7,657
2018-06-01 $179,500 (5.7%) $274,494 (4.8%) 0.60 8,014
2018-07-01 $179,300 (2.1%) $273,491 (3.8%) 0.60 8,283
2018-08-01 $177,450 (2.4%) $270,351 (3.9%) 0.59 8,467
2018-09-01 $175,000 (2.8%) $268,003 (3.9%) 0.59 8,550
2018-10-01 $174,900 (2.6%) $265,237 (4.1%) 0.59 8,666
2018-11-01 $169,900 (0.0%) $262,850 (2.4%) 0.58 8,432
2018-12-01 $165,000 (-0.1%) $264,265 (4.5%) 0.57 7,875
2019-01-01 $164,900 (0.0%) $264,047 (4.3%) 0.57 7,449
2019-02-01 $167,000 (2.2%) $269,258 (4.5%) 0.56 6,997
2019-03-01 $175,881 (1.1%) $280,106 (3.7%) 0.58 6,809
2019-04-01 $182,858 (2.5%) $287,159 (4.0%) 0.58 6,808
2019-05-01 $187,450 (3.9%) $292,112 (4.4%) 0.59 6,954
2019-06-01 $194,900 (8.1%) $294,443 (7.3%) 0.61 7,314
2019-07-01 $196,000 (8.8%) $292,518 (7.0%) 0.61 7,600
2019-08-01 $193,636 (9.5%) $290,617 (7.5%) 0.61 7,675
2019-09-01 $191,591 (10.8%) $289,118 (7.9%) 0.61 7,801
2019-10-01 $190,000 (10.9%) $289,037 (9.0%) 0.61 7,886
2019-11-01 $189,900 (10.9%) $291,211 (10.8%) 0.62 7,561
2019-12-01 $184,450 (11.8%) $287,582 (8.8%) 0.62 6,999
2020-01-01 $188,250 (11.8%) $294,691 (11.6%) 0.63 6,546
2020-02-01 $196,500 (15.2%) $308,099 (14.4%) 0.64 6,065
2020-03-01 $207,650 (18.2%) $317,223 (13.3%) 0.65 5,816
2020-04-01 $209,450 (14.1%) $315,409 (9.8%) 0.66 5,670
2020-05-01 $215,000 (14.9%) $318,050 (8.9%) 0.65 5,818
2020-06-01 $237,400 (21.3%) $339,243 (15.2%) 0.70 5,554
2020-07-01 $239,950 (24.8%) $347,946 (19.0%) 0.70 5,263
2020-08-01 $239,900 (24.7%) $345,631 (18.9%) 0.69 5,163
2020-09-01 $238,600 (22.4%) $347,222 (20.1%) 0.68 5,120
2020-10-01 $234,900 (20.6%) $346,796 (20.0%) 0.67 4,995
2020-11-01 $230,000 (23.5%) $344,884 (18.4%) 0.67 4,623
2020-12-01 $228,900 (23.7%) $347,816 (21.0%) 0.68 4,151
2021-01-01 $229,900 (25.8%) $357,715 (21.4%) 0.69 3,591
2021-02-01 $239,900 (22.5%) $380,697 (23.6%) 0.70 2,957
2021-03-01 $249,000 (16.3%) $396,635 (25.0%) 0.71 2,816
2021-04-01 $250,000 (20.2%) $402,850 (27.7%) 0.68 2,912
2021-05-01 $259,900 (15.6%) $401,371 (26.2%) 0.69 3,072
2021-06-01 $252,500 (6.0%) $387,685 (14.3%) 0.66 3,501
2021-07-01 $239,900 (-3.8%) $363,003 (4.3%) 0.63 4,070
2021-08-01 $225,700 (-7.7%) $340,821 (-1.4%) 0.60 4,377
2021-09-01 $224,950 (-7.0%) $335,326 (-3.4%) 0.60 4,499
2021-10-01 $223,999 (-6.2%) $335,573 (-3.2%) 0.60 4,420
2021-11-01 $215,000 (-8.5%) $332,574 (-3.6%) 0.57 4,124
2021-12-01 $204,950 (-10.6%) $329,715 (-5.2%) 0.56 3,649
2022-01-01 $200,000 (-14.2%) $337,441 (-5.7%) 0.54 3,133
2022-02-01 $210,000 (-12.3%) $355,820 (-6.5%) 0.55 2,675
2022-03-01 $217,450 (-12.0%) $364,347 (-8.1%) 0.54 2,586
2022-04-01 $224,900 (-13.4%) $365,992 (-9.2%) 0.54 2,716
2022-05-01 $237,000 (-7.7%) $364,368 (-9.2%) 0.54 3,240
2022-06-01 $239,175 (-6.6%) $359,261 (-7.3%) 0.53 3,673
2022-07-01 $235,000 (-0.1%) $353,973 (-2.5%) 0.53 4,213
2022-08-01 $229,900 (1.1%) $343,521 (0.8%) 0.53 4,469
2022-09-01 $220,000 (-0.9%) $331,390 (-1.2%) 0.51 4,612
2022-10-01 $215,000 (-2.3%) $321,947 (-4.1%) 0.51 4,800
2022-11-01 $214,950 (0.0%) $321,432 (-3.4%) 0.52 4,741
2022-12-01 $200,000 (-0.1%) $321,326 (-2.5%) 0.49 4,391
2023-01-01 $199,450 (-2.5%) $323,521 (-4.1%) 0.49 3,889
2023-02-01 $199,900 (-6.9%) $331,541 (-6.8%) 0.48 3,460
2023-03-01 $210,000 (-2.3%) $341,356 (-6.3%) 0.50 3,303
2023-04-01 $224,900 (0.0%) $355,099 (-3.0%) 0.52 3,419
2023-05-01 $230,000 (-0.7%) $363,365 (-0.3%) 0.52 3,380
2023-06-01 $235,000 (0.2%) $378,277 (5.3%) 0.53 3,651
2023-07-01 $243,500 (3.8%) $376,663 (6.4%) 0.55 3,829
2023-08-01 $246,950 (7.5%) $388,187 (13.0%) 0.57 3,990
2023-09-01 $239,950 (10.6%) $383,841 (15.8%) 0.56 4,234
2023-10-01 $239,900 (12.2%) $379,912 (18.0%) 0.56 4,534
2023-11-01 $235,000 (9.6%) $376,304 (17.1%) 0.56 4,615
2023-12-01 $230,000 (0.0%) $380,009 (18.3%) 0.56 4,349
Pittsburgh's median listing price for 2023-12-01 was $230,000, a difference of $30,000 (0.0%) versus the prior year and $-5,000 versus the prior month.

Pittsburgh's median listing price comes in at 56% of the national average.

Pittsburgh's average listing price for 2023-12-01 was $380,009, a difference of $58,683 (18.3%) versus the prior year and $3,705 versus the prior month.

For the 2023-12-01 period, Pittsburgh had 4,349 MLS listings, a difference of -266 listings (-6%) versus the prior month and -42 listings (-1%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Pittsburgh (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 109 days 1,656 sqft
2018-02-01 111 days 1,665 sqft
2018-03-01 100 days 1,680 sqft
2018-04-01 72 days 1,721 sqft
2018-05-01 63 days 1,723 sqft
2018-06-01 58 days 1,706 sqft
2018-07-01 60 days 1,687 sqft
2018-08-01 65 days 1,674 sqft
2018-09-01 70 days 1,680 sqft
2018-10-01 74 days 1,664 sqft
2018-11-01 79 days 1,654 sqft
2018-12-01 89 days 1,632 sqft
2019-01-01 103 days 1,622 sqft
2019-02-01 106 days 1,630 sqft
2019-03-01 90 days 1,657 sqft
2019-04-01 68 days 1,662 sqft
2019-05-01 59 days 1,684 sqft
2019-06-01 59 days 1,700 sqft
2019-07-01 60 days 1,703 sqft
2019-08-01 62 days 1,695 sqft
2019-09-01 65 days 1,687 sqft
2019-10-01 68 days 1,680 sqft
2019-11-01 76 days 1,662 sqft
2019-12-01 88 days 1,640 sqft
2020-01-01 99 days 1,656 sqft
2020-02-01 98 days 1,686 sqft
2020-03-01 77 days 1,701 sqft
2020-04-01 84 days 1,714 sqft
2020-05-01 88 days 1,746 sqft
2020-06-01 86 days 1,779 sqft
2020-07-01 54 days 1,774 sqft
2020-08-01 54 days 1,754 sqft
2020-09-01 54 days 1,730 sqft
2020-10-01 57 days 1,691 sqft
2020-11-01 65 days 1,664 sqft
2020-12-01 75 days 1,661 sqft
2021-01-01 89 days 1,652 sqft
2021-02-01 89 days 1,668 sqft
2021-03-01 65 days 1,691 sqft
2021-04-01 45 days 1,700 sqft
2021-05-01 45 days 1,700 sqft
2021-06-01 40 days 1,687 sqft
2021-07-01 39 days 1,625 sqft
2021-08-01 41 days 1,600 sqft
2021-09-01 46 days 1,597 sqft
2021-10-01 50 days 1,582 sqft
2021-11-01 55 days 1,565 sqft
2021-12-01 65 days 1,551 sqft
2022-01-01 78 days 1,560 sqft
2022-02-01 79 days 1,606 sqft
2022-03-01 57 days 1,604 sqft
2022-04-01 39 days 1,620 sqft
2022-05-01 37 days 1,619 sqft
2022-06-01 37 days 1,615 sqft
2022-07-01 39 days 1,615 sqft
2022-08-01 44 days 1,604 sqft
2022-09-01 51 days 1,583 sqft
2022-10-01 54 days 1,568 sqft
2022-11-01 60 days 1,564 sqft
2022-12-01 72 days 1,544 sqft
2023-01-01 86 days 1,536 sqft
2023-02-01 90 days 1,540 sqft
2023-03-01 65 days 1,568 sqft
2023-04-01 47 days 1,597 sqft
2023-05-01 46 days 1,605 sqft
2023-06-01 48 days 1,628 sqft
2023-07-01 48 days 1,632 sqft
2023-08-01 49 days 1,645 sqft
2023-09-01 51 days 1,616 sqft
2023-10-01 51 days 1,599 sqft
2023-11-01 53 days 1,588 sqft
2023-12-01 66 days 1,568 sqft
Pittsburgh's median listing age (time on market) for 2023-12-01 was 66 days. This is -8% shorter than the same period one year ago.

Pittsburgh's median square footage for active listings during the 2023-12-01 period was 1,568 sqft. One year prior, the average listing was 1,544 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).