Pottsville FHA Loan Rates, Closing Costs & Stats

Pottsville, 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.

Pottsville's 77 lenders originated 424 FHA loans during 2022. The total origination value was $67,990,000, with an average FHA loan value of $160,354.

Pottsville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Pottsville averaged -0.01% for the week of 2024-02-23, compared to the national average (all FHA variants) of 0% for the same period.

Pottsville's average FHA mortgage closing costs are $6,100.

The average rate for the prior week (2024-02-16) was 6.33% and one month ago for the week of 2024-01-19, the average rate was 6.17%.

The average rate one year ago was 6.33%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.42%.

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

Pottsville 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 Pottsville level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 80 4.72% $7,328
CROSSCOUNTRY MORTGAGE, LLC 48 5.38% $9,158
Mortgage America, Inc. 39 5.48% $6,477
CALIBER HOME LOANS, INC. 15 5.25% $7,762
ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 4.48% $5,136
PENNYMAC LOAN SERVICES, LLC 12 3.76% $6,908
M&T Bank 11 5.07% $6,301
LOANDEPOT.COM, LLC 8 5.31% $8,202
UNITED WHOLESALE MORTGAGE, LLC 8 5.11% $9,217
CHERRY CREEK MORTGAGE, LLC 7 5.91% $2,677
GUILD MORTGAGE COMPANY 7 5.77% $11,120
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 5.48% $8,316
AMERISAVE MORTGAGE CORPORATION 6 4.71% $11,602
Alcova Mortgage LLC 5 5.10% $5,722
BROKER SOLUTIONS, INC. 5 5.25% $10,393
Carrington Mortgage Services, LLC 5 5.05% $6,901
Homesale Mortgage, LLC 5 4.73% $6,449
T2 FINANCIAL LLC 4 5.66% $11,043
EMM LOANS LLC 4 4.84% $8,485
Mr. Cooper ( Nationstar Mortgage ) 4 4.78% $9,647
FINANCE OF AMERICA MORTGAGE LLC 4 5.59% $6,516
Prosperity Home Mortgage, LLC 4 5.09% $7,575
SUCCESS MORTGAGE PARTNERS, INC. 4 5.50% $9,358
Equity Prime Mortgage LLC 3 5.25% $9,012
Paramount Residential Mortgage Group, Inc. 3 5.88% $10,444
UNITED MORTGAGE CORP 3 4.75% $9,837
CARDINAL FINANCIAL 3 5.17% $7,854
LAKEVIEW LOAN SERVICING, LLC 3 4.42% $7,791
EVERETT FINANCIAL, INC. 3 4.79% $4,555
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.58% $8,272
MOVEMENT MORTGAGE, LLC 3 4.17% $5,512
Citizens Bank 3 6.29% $9,657
FREEDOM MORTGAGE CORPORATION 3 4.00% $6,514
SWBC MORTGAGE CORPORATION 3 5.17% $4,165
GUARANTEED RATE, INC. 2 6.25% $7,724
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.63% $6,525
HOMESIDE FINANCIAL, LLC 2 4.00% $7,020
FIRST ALLIANCE HOME MORTGAGE, LLC 2 5.63% $8,406
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.75% $10,762
JPMorgan Chase Bank 2 5.87% $4,390
NFM, INC. 2 5.69% $7,309
Univest Bank and Trust Co. 2 4.75% $6,398
NEWREZ LLC 2 5.37% $12,073
Watermark Capital, Inc. 1 5.25% $6,222
ALLIED MORTGAGE GROUP, INC. 1 3.63% $9,434
AMERICAN FINANCIAL RESOURCES, INC. 1 7.00% $8,374
American Mortgage & Equity Consultants, Inc. 1 6.25% $10,179
ARC HOME LLC 1 4.99% $4,875
Bethpage Federal Credit Union 1 4.13% $2,958
DIRECT MORTGAGE LOANS, LLC 1 3.25% $6,348
FIRST HERITAGE FINANCIAL, LLC 1 5.13% $5,443
First National Bank of Pennsylvania 1 4.63% $4,581
Flanagan State Bank 1 5.63% $6,810
Fulton Bank 1 5.75% $7,823
HOME POINT FINANCIAL CORPORATION 1 4.99% $8,176
Lakeview Community Capital, LLC 1 4.75% $6,106
LENDING CAPITAL GROUP Inc 1 6.13% $9,695
LIBERTY HOME MORTGAGE CORPORATION 1 5.75% $5,040
LOANPAL, LLC 1 4.88% $7,619
MEMBERS 1ST FEDERAL CREDIT UNION 1 5.25% $6,005
MORIA DEVELOPMENT, INC. 1 4.13% $15,565
MORTGAGE ACCESS CORP. 1 4.25% $8,657
Mortgage Research Center, LLC 1 7.63% $6,218
Nations Lending Corporation 1 4.75% $7,039
NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $7,505
NJ LENDERS CORP. 1 6.25% $18,590
Northpointe Bank 1 6.13% $6,832
PLAZA HOME MORTGAGE, INC. 1 5.63% $9,852
Princeton Mortgage Corporation 1 3.25% $7,939
RESIDENTIAL HOME MORTGAGE CORPORATION 1 5.00% $10,117
ROYAL UNITED MORTGAGE LLC 1 6.75% $9,625
Sierra Pacific Mortgage Company, Inc. 1 7.13% $8,795
SUN WEST MORTGAGE COMPANY, INC. 1 7.25% $14,120
TRUMARK FINANCIAL CREDIT UNION 1 7.25% $4,782
UNION HOME MORTGAGE CORP. 1 6.25% $5,735
VILLAGE CAPITAL MORTGAGE 1 3.38% $2,577
1ST SIGNATURE LENDING, LLC 1 4.75% $10,453

The top Pottsville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 80 FHA loans originated. Their average total fees are $7,328, which is $1,830 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Pottsville FHA lenders (with over 10 loans originated) are ARK-LA-TEX FINANCIAL SERVICES, LLC. ($5,136), M&T Bank ($6,301), Mortgage America, Inc. ($6,477), PENNYMAC LOAN SERVICES, LLC ($6,908) and QUICKEN LOANS, LLC ($7,328).

The lowest rate Pottsville FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.76%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (4.48%), QUICKEN LOANS, LLC (4.72%), M&T Bank (5.07%) and CALIBER HOME LOANS, INC. (5.25%).

Pottsville FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Pottsville (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 $73,850 (-2.5%) $127,827 (4.9%) 0.27 510
2018-02-01 $74,950 (-3.5%) $130,588 (7.2%) 0.27 524
2018-03-01 $79,900 (0.1%) $133,275 (-3.2%) 0.28 479
2018-04-01 $75,000 (-5.9%) $136,369 (-5.6%) 0.25 488
2018-05-01 $78,700 (1.7%) $137,171 (-0.4%) 0.26 488
2018-06-01 $75,000 (-3.2%) $136,905 (3.6%) 0.25 519
2018-07-01 $77,700 (-0.3%) $138,096 (7.0%) 0.26 524
2018-08-01 $75,000 (-0.3%) $136,844 (8.0%) 0.25 522
2018-09-01 $77,950 (8.4%) $139,610 (11.4%) 0.26 546
2018-10-01 $77,400 (3.9%) $139,626 (8.8%) 0.26 548
2018-11-01 $79,488 (12.8%) $138,321 (12.5%) 0.27 527
2018-12-01 $78,250 (14.2%) $137,139 (10.7%) 0.27 489
2019-01-01 $80,250 (8.6%) $138,914 (10.3%) 0.28 450
2019-02-01 $77,375 (5.8%) $137,646 (6.5%) 0.26 428
2019-03-01 $77,857 (0.7%) $143,943 (10.3%) 0.25 429
2019-04-01 $79,732 (8.2%) $151,662 (13.9%) 0.25 452
2019-05-01 $79,600 (0.1%) $151,827 (13.1%) 0.25 469
2019-06-01 $84,500 (13.3%) $150,203 (12.4%) 0.26 496
2019-07-01 $84,850 (10.4%) $154,449 (14.7%) 0.27 510
2019-08-01 $87,636 (17.6%) $160,057 (19.4%) 0.28 482
2019-09-01 $93,466 (21.2%) $168,449 (24.8%) 0.30 444
2019-10-01 $98,000 (27.9%) $175,704 (29.6%) 0.32 410
2019-11-01 $99,900 (29.6%) $174,309 (29.7%) 0.33 371
2019-12-01 $105,950 (40.7%) $167,180 (25.9%) 0.35 359
2020-01-01 $111,225 (47.5%) $165,069 (25.1%) 0.37 312
2020-02-01 $109,000 (37.6%) $162,282 (24.8%) 0.36 277
2020-03-01 $120,325 (52.5%) $166,636 (21.9%) 0.38 268
2020-04-01 $116,450 (51.0%) $169,578 (20.9%) 0.36 243
2020-05-01 $119,900 (56.3%) $171,686 (21.7%) 0.36 252
2020-06-01 $114,450 (41.1%) $183,311 (25.6%) 0.34 242
2020-07-01 $114,450 (42.0%) $188,618 (26.2%) 0.33 214
2020-08-01 $119,900 (40.8%) $193,956 (26.6%) 0.34 185
2020-09-01 $117,425 (28.6%) $209,713 (30.5%) 0.34 176
2020-10-01 $129,950 (37.6%) $226,196 (31.5%) 0.37 176
2020-11-01 $125,750 (24.8%) $237,746 (31.0%) 0.37 173
2020-12-01 $119,950 (8.7%) $245,447 (37.1%) 0.36 159
2021-01-01 $118,500 (-0.3%) $247,040 (38.2%) 0.35 144
2021-02-01 $118,250 (8.3%) $239,400 (34.6%) 0.34 104
2021-03-01 $117,225 (-1.7%) $235,375 (28.7%) 0.33 99
2021-04-01 $132,000 (9.3%) $269,890 (40.4%) 0.36 92
2021-05-01 $131,950 (15.1%) $265,695 (37.5%) 0.35 92
2021-06-01 $102,500 (-12.6%) $219,289 (10.7%) 0.27 158
2021-07-01 $117,450 (-3.8%) $213,856 (4.9%) 0.31 169
2021-08-01 $119,974 (-4.0%) $181,695 (-13.6%) 0.32 182
2021-09-01 $118,700 (-2.0%) $177,551 (-22.0%) 0.32 187
2021-10-01 $102,000 (-22.9%) $178,278 (-26.3%) 0.27 179
2021-11-01 $95,975 (-25.9%) $166,942 (-32.6%) 0.26 184
2021-12-01 $107,975 (-11.7%) $169,846 (-33.3%) 0.29 181
2022-01-01 $99,500 (-16.4%) $163,962 (-36.1%) 0.27 165
2022-02-01 $102,425 (-10.5%) $162,803 (-33.6%) 0.27 168
2022-03-01 $125,325 (5.4%) $166,674 (-31.0%) 0.31 159
2022-04-01 $129,900 (-3.2%) $170,938 (-38.4%) 0.31 155
2022-05-01 $136,000 (-5.5%) $174,718 (-36.1%) 0.31 165
2022-06-01 $137,225 (31.0%) $188,615 (-16.0%) 0.31 205
2022-07-01 $129,900 (9.4%) $185,723 (-15.1%) 0.29 243
2022-08-01 $134,925 (12.4%) $181,927 (-2.3%) 0.31 255
2022-09-01 $129,950 (9.1%) $180,435 (-1.2%) 0.30 240
2022-10-01 $129,900 (23.7%) $179,792 (-1.6%) 0.31 244
2022-11-01 $124,400 (29.6%) $180,684 (6.8%) 0.30 235
2022-12-01 $125,000 (15.8%) $191,729 (12.9%) 0.31 215
2023-01-01 $125,000 (25.6%) $192,928 (17.7%) 0.31 202
2023-02-01 $124,975 (17.4%) $195,395 (19.1%) 0.30 192
2023-03-01 $127,225 (0.0%) $197,174 (17.4%) 0.30 169
2023-04-01 $121,500 (-6.5%) $188,122 (10.1%) 0.28 156
2023-05-01 $125,000 (-8.1%) $188,309 (7.8%) 0.28 159
2023-06-01 $115,000 (-16.2%) $181,827 (-3.6%) 0.26 176
2023-07-01 $125,000 (-3.4%) $195,430 (5.8%) 0.28 183
2023-08-01 $124,925 (-7.4%) $187,202 (2.9%) 0.29 200
2023-09-01 $120,000 (-7.7%) $183,624 (1.8%) 0.28 219
2023-10-01 $119,950 (-7.7%) $181,789 (1.1%) 0.28 239
2023-11-01 $123,675 (-0.6%) $186,533 (3.2%) 0.29 248
2023-12-01 $129,000 (0.0%) $186,427 (0.0%) 0.31 238
Pottsville's median listing price for 2023-12-01 was $129,000, a difference of $4,000 (0.0%) versus the prior year and $5,325 versus the prior month.

Pottsville's median listing price comes in at 31% of the national average.

Pottsville's average listing price for 2023-12-01 was $186,427, a difference of $-5,302 (0.0%) versus the prior year and $-106 versus the prior month.

For the 2023-12-01 period, Pottsville had 238 MLS listings, a difference of -10 listings (-4%) versus the prior month and 23 listings (11%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Pottsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 107 days 1,550 sqft
2018-02-01 106 days 1,578 sqft
2018-03-01 101 days 1,600 sqft
2018-04-01 90 days 1,586 sqft
2018-05-01 82 days 1,590 sqft
2018-06-01 65 days 1,656 sqft
2018-07-01 64 days 1,631 sqft
2018-08-01 70 days 1,629 sqft
2018-09-01 74 days 1,640 sqft
2018-10-01 76 days 1,653 sqft
2018-11-01 80 days 1,636 sqft
2018-12-01 93 days 1,659 sqft
2019-01-01 101 days 1,664 sqft
2019-02-01 104 days 1,657 sqft
2019-03-01 90 days 1,659 sqft
2019-04-01 67 days 1,669 sqft
2019-05-01 61 days 1,668 sqft
2019-06-01 68 days 1,666 sqft
2019-07-01 71 days 1,688 sqft
2019-08-01 70 days 1,687 sqft
2019-09-01 67 days 1,691 sqft
2019-10-01 66 days 1,695 sqft
2019-11-01 67 days 1,725 sqft
2019-12-01 83 days 1,710 sqft
2020-01-01 90 days 1,700 sqft
2020-02-01 101 days 1,700 sqft
2020-03-01 71 days 1,799 sqft
2020-04-01 78 days 1,808 sqft
2020-05-01 80 days 1,819 sqft
2020-06-01 53 days 1,771 sqft
2020-07-01 42 days 1,747 sqft
2020-08-01 51 days 1,716 sqft
2020-09-01 40 days 1,667 sqft
2020-10-01 44 days 1,744 sqft
2020-11-01 47 days 1,650 sqft
2020-12-01 61 days 1,620 sqft
2021-01-01 71 days 1,622 sqft
2021-02-01 66 days 1,605 sqft
2021-03-01 52 days 1,571 sqft
2021-04-01 25 days 1,621 sqft
2021-05-01 24 days 1,608 sqft
2021-06-01 18 days 1,626 sqft
2021-07-01 25 days 1,619 sqft
2021-08-01 29 days 1,623 sqft
2021-09-01 36 days 1,597 sqft
2021-10-01 43 days 1,574 sqft
2021-11-01 39 days 1,514 sqft
2021-12-01 44 days 1,521 sqft
2022-01-01 48 days 1,541 sqft
2022-02-01 48 days 1,535 sqft
2022-03-01 47 days 1,587 sqft
2022-04-01 41 days 1,592 sqft
2022-05-01 33 days 1,689 sqft
2022-06-01 29 days 1,676 sqft
2022-07-01 30 days 1,680 sqft
2022-08-01 40 days 1,638 sqft
2022-09-01 45 days 1,677 sqft
2022-10-01 49 days 1,649 sqft
2022-11-01 55 days 1,684 sqft
2022-12-01 65 days 1,688 sqft
2023-01-01 67 days 1,670 sqft
2023-02-01 63 days 1,657 sqft
2023-03-01 55 days 1,662 sqft
2023-04-01 45 days 1,600 sqft
2023-05-01 32 days 1,593 sqft
2023-06-01 33 days 1,571 sqft
2023-07-01 41 days 1,573 sqft
2023-08-01 38 days 1,510 sqft
2023-09-01 38 days 1,535 sqft
2023-10-01 40 days 1,596 sqft
2023-11-01 46 days 1,567 sqft
2023-12-01 58 days 1,584 sqft
Pottsville's median listing age (time on market) for 2023-12-01 was 58 days. This is -11% shorter than the same period one year ago.

Pottsville's median square footage for active listings during the 2023-12-01 period was 1,584 sqft. One year prior, the average listing was 1,688 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).