Pottsville FHA Loan Rates, Closing Costs & Stats

Pottsville, PA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.98% for the week of 2023-09-15, compared to the national average (all FHA variants) of 6.991% for the same period.

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

    The average rate for the prior week (2023-09-08) was 6.7% and one month ago for the week of 2023-08-11, the average rate was 6.86%.

    The average rate one year ago was 5.76%.

    For refis of the same type during the week of 2023-09-15, the average rate was 5.97%.

    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 $74,575 (-2.5%) $134,533 (4.9%) 0.28 513
    2018-02-01 $75,450 (-3.5%) $138,065 (7.2%) 0.27 528
    2018-03-01 $79,950 (0.1%) $140,510 (-3.2%) 0.28 482
    2018-04-01 $75,225 (-5.9%) $143,668 (-5.6%) 0.26 491
    2018-05-01 $79,900 (1.7%) $144,469 (-0.4%) 0.27 491
    2018-06-01 $75,000 (-3.2%) $143,664 (3.6%) 0.25 522
    2018-07-01 $78,750 (-0.3%) $144,092 (7.0%) 0.26 526
    2018-08-01 $75,500 (-0.3%) $142,612 (8.0%) 0.25 524
    2018-09-01 $78,000 (8.4%) $143,699 (11.4%) 0.26 547
    2018-10-01 $77,425 (3.9%) $145,384 (8.8%) 0.26 550
    2018-11-01 $80,000 (12.8%) $147,731 (12.5%) 0.27 531
    2018-12-01 $79,900 (14.2%) $147,561 (10.7%) 0.28 493
    2019-01-01 $80,975 (8.6%) $148,411 (10.3%) 0.28 454
    2019-02-01 $79,850 (5.8%) $146,978 (6.5%) 0.27 432
    2019-03-01 $80,529 (0.7%) $155,024 (10.3%) 0.26 435
    2019-04-01 $81,379 (8.2%) $163,582 (13.9%) 0.26 460
    2019-05-01 $80,000 (0.1%) $163,374 (13.1%) 0.25 478
    2019-06-01 $85,000 (13.3%) $161,432 (12.4%) 0.27 506
    2019-07-01 $86,925 (10.4%) $165,227 (14.7%) 0.27 517
    2019-08-01 $88,782 (17.6%) $170,232 (19.4%) 0.28 489
    2019-09-01 $94,530 (21.2%) $179,358 (24.8%) 0.30 451
    2019-10-01 $99,000 (27.9%) $188,438 (29.6%) 0.32 417
    2019-11-01 $103,700 (29.6%) $191,577 (29.7%) 0.34 378
    2019-12-01 $112,450 (40.7%) $185,778 (25.9%) 0.38 367
    2020-01-01 $119,400 (47.5%) $185,704 (25.1%) 0.40 321
    2020-02-01 $109,900 (37.6%) $183,478 (24.8%) 0.36 285
    2020-03-01 $122,825 (52.5%) $188,941 (21.9%) 0.39 276
    2020-04-01 $122,850 (51.0%) $197,763 (20.9%) 0.38 251
    2020-05-01 $125,000 (56.3%) $198,820 (21.7%) 0.38 260
    2020-06-01 $119,900 (41.1%) $202,790 (25.6%) 0.35 248
    2020-07-01 $123,425 (42.0%) $208,501 (26.2%) 0.36 220
    2020-08-01 $125,000 (40.8%) $215,574 (26.6%) 0.36 191
    2020-09-01 $121,575 (28.6%) $234,085 (30.5%) 0.35 182
    2020-10-01 $136,250 (37.6%) $247,828 (31.5%) 0.39 181
    2020-11-01 $129,450 (24.8%) $250,897 (31.0%) 0.38 176
    2020-12-01 $122,250 (8.7%) $254,730 (37.1%) 0.36 161
    2021-01-01 $119,000 (-0.3%) $256,543 (38.2%) 0.36 145
    2021-02-01 $119,000 (8.3%) $247,030 (34.6%) 0.35 105
    2021-03-01 $120,725 (-1.7%) $243,171 (28.7%) 0.34 100
    2021-04-01 $134,250 (9.3%) $277,622 (40.4%) 0.36 93
    2021-05-01 $143,900 (15.1%) $273,350 (37.5%) 0.38 93
    2021-06-01 $104,750 (-12.6%) $224,426 (10.7%) 0.28 159
    2021-07-01 $118,725 (-3.8%) $218,806 (4.9%) 0.31 170
    2021-08-01 $119,999 (-4.0%) $186,170 (-13.6%) 0.32 183
    2021-09-01 $119,100 (-2.0%) $182,692 (-22.0%) 0.32 188
    2021-10-01 $105,000 (-22.9%) $182,646 (-26.3%) 0.28 180
    2021-11-01 $95,975 (-25.9%) $169,203 (-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 $106,475 (-10.5%) $164,011 (-33.6%) 0.28 169
    2022-03-01 $127,200 (5.4%) $167,921 (-31.0%) 0.32 160
    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 $125,450 (-3.4%) $196,449 (5.8%) 0.29 182
    2023-08-01 $124,925 (-7.4%) $187,202 (2.9%) 0.29 200
    Pottsville's median listing price for 2023-08-01 was $124,925, a difference of $-10,000 (-7.4%) versus the prior year and $-525 versus the prior month.

    Pottsville's median listing price comes in at 29% of the national average.

    Pottsville's average listing price for 2023-08-01 was $187,202, a difference of $5,275 (2.9%) versus the prior year and $-9,247 versus the prior month.

    For the 2023-08-01 period, Pottsville had 200 MLS listings, a difference of 18 listings (10%) versus the prior month and -55 listings (-22%) 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 1,556 sqft
    2018-02-01 105 days 1,592 sqft
    2018-03-01 99 days 1,604 sqft
    2018-04-01 90 days 1,596 sqft
    2018-05-01 84 days 1,598 sqft
    2018-06-01 65 days 1,666 sqft
    2018-07-01 64 days 1,639 sqft
    2018-08-01 70 days 1,627 sqft
    2018-09-01 74 days 1,627 sqft
    2018-10-01 76 days 1,650 sqft
    2018-11-01 80 days 1,642 sqft
    2018-12-01 92 days 1,664 sqft
    2019-01-01 101 days 1,666 sqft
    2019-02-01 104 days 1,658 sqft
    2019-03-01 90 days 1,663 sqft
    2019-04-01 67 days 1,682 sqft
    2019-05-01 63 days 1,674 sqft
    2019-06-01 68 days 1,680 sqft
    2019-07-01 73 days 1,690 sqft
    2019-08-01 71 days 1,686 sqft
    2019-09-01 68 days 1,690 sqft
    2019-10-01 67 days 1,694 sqft
    2019-11-01 69 days 1,725 sqft
    2019-12-01 87 days 1,710 sqft
    2020-01-01 93 days 1,701 sqft
    2020-02-01 101 days 1,700 sqft
    2020-03-01 74 days 1,799 sqft
    2020-04-01 79 days 1,808 sqft
    2020-05-01 82 days 1,824 sqft
    2020-06-01 55 days 1,772 sqft
    2020-07-01 43 days 1,757 sqft
    2020-08-01 51 days 1,718 sqft
    2020-09-01 41 days 1,703 sqft
    2020-10-01 44 days 1,768 sqft
    2020-11-01 47 days 1,672 sqft
    2020-12-01 61 days 1,640 sqft
    2021-01-01 71 days 1,632 sqft
    2021-02-01 66 days 1,627 sqft
    2021-03-01 52 days 1,578 sqft
    2021-04-01 25 days 1,650 sqft
    2021-05-01 24 days 1,610 sqft
    2021-06-01 18 days 1,632 sqft
    2021-07-01 25 days 1,624 sqft
    2021-08-01 29 days 1,631 sqft
    2021-09-01 36 days 1,610 sqft
    2021-10-01 43 days 1,583 sqft
    2021-11-01 39 days 1,521 sqft
    2021-12-01 44 days 1,532 sqft
    2022-01-01 48 days 1,544 sqft
    2022-02-01 47 days 1,563 sqft
    2022-03-01 47 days 1,596 sqft
    2022-04-01 41 days 1,600 sqft
    2022-05-01 33 days 1,696 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 1,676 sqft
    2022-10-01 49 days 1,638 sqft
    2022-11-01 55 days 1,679 sqft
    2022-12-01 65 days 1,688 sqft
    2023-01-01 67 days 1,673 sqft
    2023-02-01 63 days 1,665 sqft
    2023-03-01 55 days 1,667 sqft
    2023-04-01 45 days 1,588 sqft
    2023-05-01 32 days 1,607 sqft
    2023-06-01 33 days 1,574 sqft
    2023-07-01 41 days 1,600 sqft
    2023-08-01 38 days 1,536 sqft
    Pottsville's median listing age (time on market) for 2023-08-01 was 38 days. This is -6% shorter than the same period one year ago.

    Pottsville's median square footage for active listings during the 2023-08-01 period was 1,536 sqft. One year prior, the average listing was 1,638 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).