Pittsburgh FHA Loan Rates, Closing Costs & Stats

PITTSBURGH, PA

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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.

    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 -0.67% for the week of 2023-06-02, 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 (2023-05-26) was 5.96% and one month ago for the week of 2023-04-28, the average rate was 5.91%.

    The average rate one year ago was 4.86%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.82%.

    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 Bank, Inc. 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 $169,900 (11.4%) $260,220 (6.9%) 0.63 7,638
    2018-02-01 $169,900 (9.7%) $265,383 (6.6%) 0.62 7,156
    2018-03-01 $179,900 (11.4%) $279,024 (7.5%) 0.63 6,923
    2018-04-01 $184,900 (9.8%) $285,038 (7.4%) 0.63 6,960
    2018-05-01 $188,450 (10.1%) $288,764 (7.4%) 0.63 7,194
    2018-06-01 $184,900 (5.7%) $282,758 (5.0%) 0.62 7,537
    2018-07-01 $183,750 (2.1%) $281,255 (4.0%) 0.61 7,817
    2018-08-01 $182,400 (2.4%) $277,906 (3.9%) 0.61 7,963
    2018-09-01 $179,900 (2.8%) $275,568 (3.8%) 0.60 8,058
    2018-10-01 $179,450 (2.6%) $272,387 (4.0%) 0.61 8,182
    2018-11-01 $174,950 (0.0%) $270,499 (2.7%) 0.59 7,938
    2018-12-01 $169,900 (-0.1%) $272,292 (4.6%) 0.59 7,395
    2019-01-01 $169,900 (0.0%) $272,667 (4.8%) 0.59 7,000
    2019-02-01 $173,575 (2.2%) $278,509 (5.0%) 0.59 6,567
    2019-03-01 $181,929 (1.1%) $290,060 (4.0%) 0.59 6,382
    2019-04-01 $189,450 (2.5%) $297,286 (4.3%) 0.60 6,376
    2019-05-01 $195,850 (3.9%) $302,229 (4.7%) 0.61 6,526
    2019-06-01 $199,900 (8.1%) $303,869 (7.5%) 0.62 6,888
    2019-07-01 $199,900 (8.8%) $301,611 (7.2%) 0.63 7,162
    2019-08-01 $199,655 (9.5%) $299,605 (7.8%) 0.63 7,232
    2019-09-01 $199,286 (10.8%) $297,667 (8.0%) 0.64 7,358
    2019-10-01 $199,000 (10.9%) $297,293 (9.1%) 0.64 7,441
    2019-11-01 $193,950 (10.9%) $299,023 (10.6%) 0.64 7,129
    2019-12-01 $189,900 (11.8%) $295,967 (8.7%) 0.63 6,584
    2020-01-01 $189,950 (11.8%) $303,691 (11.4%) 0.63 6,154
    2020-02-01 $200,000 (15.2%) $317,629 (14.1%) 0.66 5,698
    2020-03-01 $214,950 (18.2%) $328,028 (13.1%) 0.67 5,440
    2020-04-01 $216,175 (14.1%) $325,916 (9.6%) 0.68 5,297
    2020-05-01 $225,000 (14.9%) $329,164 (8.9%) 0.68 5,478
    2020-06-01 $242,500 (21.3%) $349,537 (15.0%) 0.71 5,243
    2020-07-01 $249,450 (24.8%) $358,428 (18.8%) 0.72 4,968
    2020-08-01 $249,000 (24.7%) $355,664 (18.7%) 0.71 4,886
    2020-09-01 $243,950 (22.4%) $356,035 (19.6%) 0.70 4,864
    2020-10-01 $239,900 (20.6%) $357,175 (20.1%) 0.69 4,719
    2020-11-01 $239,450 (23.5%) $355,100 (18.8%) 0.70 4,367
    2020-12-01 $234,900 (23.7%) $358,211 (21.0%) 0.70 3,916
    2021-01-01 $239,000 (25.8%) $368,448 (21.3%) 0.71 3,398
    2021-02-01 $245,000 (22.5%) $390,907 (23.1%) 0.71 2,804
    2021-03-01 $249,900 (16.3%) $405,826 (23.7%) 0.71 2,688
    2021-04-01 $259,812 (20.2%) $412,059 (26.4%) 0.70 2,789
    2021-05-01 $260,000 (15.6%) $407,917 (23.9%) 0.69 2,961
    2021-06-01 $256,950 (6.0%) $395,329 (13.1%) 0.68 3,362
    2021-07-01 $239,999 (-3.8%) $369,150 (3.0%) 0.63 3,911
    2021-08-01 $229,900 (-7.7%) $347,562 (-2.3%) 0.61 4,189
    2021-09-01 $227,000 (-7.0%) $340,973 (-4.2%) 0.61 4,328
    2021-10-01 $225,000 (-6.2%) $341,643 (-4.4%) 0.60 4,238
    2021-11-01 $219,000 (-8.5%) $338,770 (-4.6%) 0.59 3,951
    2021-12-01 $209,900 (-10.6%) $336,593 (-6.0%) 0.57 3,492
    2022-01-01 $205,000 (-14.2%) $345,100 (-6.3%) 0.55 2,994
    2022-02-01 $214,925 (-12.3%) $363,807 (-6.9%) 0.56 2,556
    2022-03-01 $219,950 (-12.0%) $372,432 (-8.2%) 0.55 2,485
    2022-04-01 $225,000 (-13.4%) $374,416 (-9.1%) 0.54 2,600
    2022-05-01 $239,900 (-7.7%) $370,463 (-9.2%) 0.55 3,127
    2022-06-01 $239,900 (-6.6%) $365,410 (-7.6%) 0.53 3,529
    2022-07-01 $239,800 (-0.1%) $361,240 (-2.1%) 0.54 4,024
    2022-08-01 $232,500 (1.1%) $349,757 (0.6%) 0.54 4,280
    2022-09-01 $225,000 (-0.9%) $337,943 (-0.9%) 0.53 4,404
    2022-10-01 $219,900 (-2.3%) $328,285 (-3.9%) 0.52 4,581
    2022-11-01 $218,950 (0.0%) $327,304 (-3.4%) 0.53 4,536
    2022-12-01 $209,698 (-0.1%) $324,476 (-3.6%) 0.52 4,186
    2023-01-01 $199,950 (-2.5%) $326,323 (-5.4%) 0.50 3,706
    2023-02-01 $200,000 (-6.9%) $335,854 (-7.7%) 0.48 3,307
    2023-03-01 $215,000 (-2.3%) $347,938 (-6.6%) 0.51 3,156
    2023-04-01 $225,000 (0.0%) $358,370 (-4.3%) 0.52 3,277
    2023-05-01 $238,250 (-0.7%) $370,009 (-0.1%) 0.54 3,240
    Pittsburgh's median listing price for 2023-05-01 was $238,250, a difference of $-1,650 (-0.7%) versus the prior year and $13,250 versus the prior month.

    Pittsburgh's median listing price comes in at 54% of the national average.

    Pittsburgh's average listing price for 2023-05-01 was $370,009, a difference of $-454 (-0.1%) versus the prior year and $11,639 versus the prior month.

    For the 2023-05-01 period, Pittsburgh had 3,240 MLS listings, a difference of -37 listings (-1%) versus the prior month and 113 listings (4%) 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 1,664 sqft
    2018-02-01 111 days 1,673 sqft
    2018-03-01 96 days 1,704 sqft
    2018-04-01 70 days 1,746 sqft
    2018-05-01 62 days 1,745 sqft
    2018-06-01 57 days 1,725 sqft
    2018-07-01 59 days 1,698 sqft
    2018-08-01 63 days 1,681 sqft
    2018-09-01 69 days 1,696 sqft
    2018-10-01 73 days 1,673 sqft
    2018-11-01 77 days 1,664 sqft
    2018-12-01 88 days 1,640 sqft
    2019-01-01 102 days 1,632 sqft
    2019-02-01 104 days 1,647 sqft
    2019-03-01 88 days 1,675 sqft
    2019-04-01 65 days 1,677 sqft
    2019-05-01 58 days 1,698 sqft
    2019-06-01 57 days 1,709 sqft
    2019-07-01 59 days 1,720 sqft
    2019-08-01 61 days 1,713 sqft
    2019-09-01 64 days 1,704 sqft
    2019-10-01 67 days 1,695 sqft
    2019-11-01 73 days 1,680 sqft
    2019-12-01 87 days 1,663 sqft
    2020-01-01 96 days 1,680 sqft
    2020-02-01 95 days 1,712 sqft
    2020-03-01 74 days 1,725 sqft
    2020-04-01 83 days 1,741 sqft
    2020-05-01 88 days 1,764 sqft
    2020-06-01 83 days 1,796 sqft
    2020-07-01 53 days 1,795 sqft
    2020-08-01 52 days 1,776 sqft
    2020-09-01 53 days 1,745 sqft
    2020-10-01 56 days 1,716 sqft
    2020-11-01 64 days 1,680 sqft
    2020-12-01 73 days 1,680 sqft
    2021-01-01 87 days 1,679 sqft
    2021-02-01 87 days 1,681 sqft
    2021-03-01 65 days 1,699 sqft
    2021-04-01 44 days 1,702 sqft
    2021-05-01 44 days 1,701 sqft
    2021-06-01 40 days 1,689 sqft
    2021-07-01 39 days 1,628 sqft
    2021-08-01 41 days 1,605 sqft
    2021-09-01 46 days 1,598 sqft
    2021-10-01 50 days 1,584 sqft
    2021-11-01 55 days 1,564 sqft
    2021-12-01 65 days 1,558 sqft
    2022-01-01 78 days 1,562 sqft
    2022-02-01 78 days 1,615 sqft
    2022-03-01 57 days 1,612 sqft
    2022-04-01 39 days 1,632 sqft
    2022-05-01 37 days 1,627 sqft
    2022-06-01 37 days 1,620 sqft
    2022-07-01 39 days 1,622 sqft
    2022-08-01 44 days 1,612 sqft
    2022-09-01 50 days 1,584 sqft
    2022-10-01 54 days 1,573 sqft
    2022-11-01 59 days 1,567 sqft
    2022-12-01 72 days 1,549 sqft
    2023-01-01 86 days 1,543 sqft
    2023-02-01 89 days 1,542 sqft
    2023-03-01 64 days 1,569 sqft
    2023-04-01 46 days 1,600 sqft
    2023-05-01 46 days 1,611 sqft
    Pittsburgh's median listing age (time on market) for 2023-05-01 was 46 days. This is 23% longer than the same period one year ago.

    Pittsburgh's median square footage for active listings during the 2023-05-01 period was 1,611 sqft. One year prior, the average listing was 1,627 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).