Pottsville FHA Loan Rates, Closing Costs & Stats

Pottsville, 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.

    Pottsville's 76 lenders originated 378 FHA loans during 2023. The total origination value was $56,690,000, with an average FHA loan value of $149,974.

    Pottsville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Pottsville averaged 6.33% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

    Pottsville's average FHA mortgage closing costs are $6,484.

    The average rate for the prior week (2024-12-06) was 6.4% and one month ago for the week of 2024-11-08, the average rate was 6.56%.

    The average rate one year ago was 6.77%.

    For refis of the same type during the week of 2024-12-13, the average rate was 7.13%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 59 6.48% $8,371
    Mortgage America, Inc. 36 6.62% $7,290
    CROSSCOUNTRY MORTGAGE, LLC 35 6.91% $9,273
    M&T Bank 12 6.53% $5,322
    CARDINAL FINANCIAL 12 6.67% $7,140
    GUILD MORTGAGE COMPANY 12 6.59% $10,555
    NEWREZ LLC 11 6.91% $10,699
    AMERICAN FINANCIAL NETWORK, INC. 10 7.16% $9,851
    LOANDEPOT.COM, LLC 8 7.01% $9,498
    Homesale Mortgage, LLC 7 6.89% $7,169
    UNITED WHOLESALE MORTGAGE, LLC 6 6.34% $9,982
    BROKER SOLUTIONS, INC. 5 6.63% $7,875
    Alcova Mortgage LLC 5 7.10% $5,046
    PLAZA HOME MORTGAGE, INC. 5 6.43% $13,892
    MOVEMENT MORTGAGE, LLC 5 6.63% $8,900
    SUCCESS MORTGAGE PARTNERS, INC. 5 6.88% $8,452
    PENNYMAC LOAN SERVICES, LLC 5 6.30% $12,661
    FREEDOM MORTGAGE CORPORATION 4 7.19% $7,641
    MUTUAL OF OMAHA MORTGAGE, INC. 4 7.25% $11,375
    Mr. Cooper ( Nationstar Mortgage ) 4 6.69% $10,244
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 6.44% $7,629
    Flanagan State Bank 3 7.00% $8,358
    Century Mortgage Company DBA Century Lending Company 3 7.54% $9,310
    Citizens Bank 3 6.38% $8,165
    Bank of England 3 6.46% $7,839
    Univest Bank and Trust Co. 3 6.33% $7,952
    JMAC LENDING, INC. 2 6.75% $12,636
    CHERRY CREEK MORTGAGE, LLC 2 6.06% $3,817
    AMERISAVE MORTGAGE CORPORATION 2 6.13% $7,784
    HOMESIDE FINANCIAL, LLC 2 6.69% $7,986
    NFM, INC. 2 6.88% $6,285
    Keystone Funding, Inc. 2 6.56% $6,628
    T2 FINANCIAL LLC 2 7.44% $6,944
    RELIANCE FIRST CAPITAL, LLC 1 6.13% $15,827
    RESIDENTIAL HOME FUNDING CORP. 1 6.75% $12,242
    RESIDENTIAL HOME MORTGAGE CORPORATION 1 6.75% $7,809
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 7.25% $2,627
    Towne Bank 1 6.63% $12,188
    UNION HOME MORTGAGE CORP. 1 6.75% $17,788
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.13% $10,717
    Wells Fargo Bank 1 7.50% $5,296
    York Traditions Bank 1 6.38% $7,869
    ZILLOW HOME LOANS, LLC 1 6.75% $7,348
    NATION ONE MORTGAGE CORPORATION 1 6.75% $11,204
    ALLIED MORTGAGE GROUP, INC. 1 6.00% $17,973
    AMERICAN FINANCING CORPORATION 1 6.25% $8,183
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $4,114
    Barrington Bank & Trust Company, N.A. 1 6.25% $8,329
    Carrington Mortgage Services, LLC 1 6.75% $11,432
    CMG MORTGAGE, INC. 1 6.75% $6,343
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.75% $8,966
    Customers Bank 1 5.88% $4,148
    ENVOY MORTGAGE, LTD 1 6.50% $11,249
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.75% $5,894
    First Option Mortgage, LLC 1 7.25% $6,807
    Fulton Bank 1 7.50% $6,918
    GENEVA FINANCIAL, LLC 1 6.63% $10,750
    Goldwater Bank, N.A. 1 5.75% $20,903
    GSF Mortgage Corporation 1 6.50% $7,412
    GUARANTEED RATE, INC. 1 6.88% $7,974
    HARTFORD FUNDING, LTD. 1 7.13% $10,402
    JPMorgan Chase Bank 1 6.13% $9,220
    LOANPAL, LLC 1 6.99% $7,782
    MICHIGAN MUTUAL, INC. 1 7.75% $16,599
    Mid Penn Bank 1 7.13% $4,648
    Mortgage Research Center, LLC 1 6.63% $3,324
    ABSOLUTE HOME MORTGAGE CORPORATION 1 7.13% $8,251
    Nations Lending Corporation 1 7.25% $8,347
    Neighborhood Loans, Inc. 1 7.75% $6,620
    Northpointe Bank 1 6.25% $9,122
    PARAGON HOME LOANS INC. 1 6.50% $6,087
    Paramount Residential Mortgage Group, Inc. 1 8.00% $8,982
    PLANET HOME LENDING, LLC 1 6.63% $6,758
    POLARIS HOME FUNDING CORP. 1 6.88% $9,590
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.13% $5,516
    RADIUS FINANCIAL GROUP INC. 1 6.99% $15,062

    The top Pottsville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 59 FHA loans originated. Their average total fees are $8,371, which is $1,081 higher than the next largest lender, Mortgage America, Inc..

    The lowest fee Pottsville FHA lenders (with over 10 loans originated) are M&T Bank ($5,322), CARDINAL FINANCIAL ($7,140), Mortgage America, Inc. ($7,290), QUICKEN LOANS, LLC ($8,371) and CROSSCOUNTRY MORTGAGE, LLC ($9,273).

    The lowest rate Pottsville FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.48%), M&T Bank (6.53%), GUILD MORTGAGE COMPANY (6.59%), Mortgage America, Inc. (6.62%) and CARDINAL FINANCIAL (6.67%).

    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 (-2.8%) $127,827 (4.7%) 0.27 510
    2018-02-01 $74,950 (-3.3%) $130,588 (6.4%) 0.27 524
    2018-03-01 $79,900 (1.1%) $133,275 (-2.5%) 0.28 479
    2018-04-01 $75,000 (-6.1%) $136,369 (-3.3%) 0.25 488
    2018-05-01 $78,700 (1.7%) $137,171 (-1.0%) 0.26 488
    2018-06-01 $75,000 (-2.7%) $136,905 (3.9%) 0.25 519
    2018-07-01 $77,700 (-1.7%) $138,096 (7.7%) 0.26 524
    2018-08-01 $75,000 (0.0%) $136,844 (9.4%) 0.25 522
    2018-09-01 $77,950 (11.5%) $139,610 (12.2%) 0.26 546
    2018-10-01 $77,400 (7.2%) $139,626 (10.3%) 0.26 548
    2018-11-01 $79,488 (13.6%) $138,321 (11.2%) 0.27 527
    2018-12-01 $78,250 (12.0%) $137,139 (9.6%) 0.27 489
    2019-01-01 $80,250 (8.7%) $138,914 (8.7%) 0.28 450
    2019-02-01 $77,375 (3.2%) $137,646 (5.4%) 0.26 428
    2019-03-01 $77,857 (-2.6%) $143,943 (8.0%) 0.25 429
    2019-04-01 $79,732 (6.3%) $151,662 (11.2%) 0.25 452
    2019-05-01 $79,600 (1.1%) $151,827 (10.7%) 0.25 469
    2019-06-01 $84,500 (12.7%) $150,203 (9.7%) 0.26 496
    2019-07-01 $84,850 (9.2%) $154,449 (11.8%) 0.27 510
    2019-08-01 $87,636 (16.9%) $160,057 (17.0%) 0.28 482
    2019-09-01 $93,466 (19.9%) $168,449 (20.7%) 0.30 444
    2019-10-01 $98,000 (26.6%) $175,704 (25.8%) 0.32 410
    2019-11-01 $99,900 (25.7%) $174,309 (26.0%) 0.33 371
    2019-12-01 $105,950 (35.4%) $167,180 (21.9%) 0.35 359
    2020-01-01 $111,225 (38.6%) $165,069 (18.8%) 0.37 312
    2020-02-01 $109,000 (40.9%) $162,282 (17.9%) 0.36 277
    2020-03-01 $120,325 (54.6%) $166,636 (15.8%) 0.38 268
    2020-04-01 $116,450 (46.1%) $169,578 (11.8%) 0.36 243
    2020-05-01 $119,900 (50.6%) $171,686 (13.1%) 0.36 252
    2020-06-01 $114,450 (35.4%) $183,311 (22.0%) 0.34 242
    2020-07-01 $114,450 (34.9%) $188,618 (22.1%) 0.33 214
    2020-08-01 $119,900 (36.8%) $193,956 (21.2%) 0.34 185
    2020-09-01 $117,425 (25.6%) $209,713 (24.5%) 0.34 176
    2020-10-01 $129,950 (32.6%) $226,196 (28.7%) 0.37 176
    2020-11-01 $125,750 (25.9%) $237,746 (36.4%) 0.37 173
    2020-12-01 $119,950 (13.2%) $245,447 (46.8%) 0.36 159
    2021-01-01 $118,500 (6.5%) $247,040 (49.7%) 0.35 144
    2021-02-01 $118,250 (8.5%) $239,400 (47.5%) 0.34 104
    2021-03-01 $117,225 (-2.6%) $235,375 (41.3%) 0.33 99
    2021-04-01 $132,000 (13.4%) $269,890 (59.2%) 0.36 92
    2021-05-01 $131,950 (10.1%) $265,695 (54.8%) 0.35 92
    2021-06-01 $102,500 (-10.4%) $219,289 (19.6%) 0.27 158
    2021-07-01 $117,450 (2.6%) $213,856 (13.4%) 0.31 169
    2021-08-01 $119,974 (0.1%) $181,695 (-6.3%) 0.32 182
    2021-09-01 $118,700 (1.1%) $177,551 (-15.3%) 0.32 187
    2021-10-01 $102,000 (-21.5%) $178,278 (-21.2%) 0.27 179
    2021-11-01 $95,975 (-23.7%) $166,942 (-29.8%) 0.26 184
    2021-12-01 $107,975 (-10.0%) $169,846 (-30.8%) 0.29 181
    2022-01-01 $99,500 (-16.0%) $163,962 (-33.6%) 0.27 165
    2022-02-01 $102,425 (-13.4%) $162,803 (-32.0%) 0.27 168
    2022-03-01 $125,325 (6.9%) $166,674 (-29.2%) 0.31 159
    2022-04-01 $129,900 (-1.6%) $170,938 (-36.7%) 0.31 155
    2022-05-01 $136,000 (3.1%) $174,718 (-34.2%) 0.31 165
    2022-06-01 $137,225 (33.9%) $188,615 (-14.0%) 0.31 205
    2022-07-01 $129,900 (10.6%) $185,723 (-13.2%) 0.29 243
    2022-08-01 $134,925 (12.5%) $181,927 (0.1%) 0.31 255
    2022-09-01 $129,950 (9.5%) $180,435 (1.6%) 0.30 240
    2022-10-01 $129,900 (27.4%) $179,792 (0.9%) 0.31 244
    2022-11-01 $124,400 (29.6%) $180,684 (8.2%) 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 (22.0%) $195,395 (20.0%) 0.30 192
    2023-03-01 $127,225 (1.5%) $197,174 (18.3%) 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 (-3.8%) $195,430 (5.2%) 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 (3.2%) $186,427 (-2.8%) 0.31 238
    2024-01-01 $137,500 (10.0%) $188,786 (-2.2%) 0.34 215
    2024-02-01 $139,000 (11.2%) $187,568 (-4.0%) 0.33 186
    2024-03-01 $149,000 (17.1%) $195,492 (-0.9%) 0.35 186
    2024-04-01 $147,925 (21.8%) $207,128 (10.1%) 0.34 193
    2024-05-01 $150,000 (20.0%) $210,390 (11.7%) 0.34 203
    2024-06-01 $150,000 (30.4%) $213,988 (17.7%) 0.34 219
    2024-07-01 $169,450 (35.6%) $234,908 (20.2%) 0.39 273
    2024-08-01 $169,000 (35.3%) $241,784 (29.2%) 0.39 290
    2024-09-01 $159,900 (33.3%) $236,965 (29.1%) 0.38 325
    2024-10-01 $166,975 (39.2%) $241,148 (32.7%) 0.39 314
    2024-11-01 $160,000 (29.4%) $232,230 (24.5%) 0.38 330
    Pottsville's median listing price for 2024-11-01 was $160,000, a difference of $36,325 (29.4%) versus the prior year and $-6,975 versus the prior month.

    Pottsville's median listing price comes in at 38% of the national average.

    Pottsville's average listing price for 2024-11-01 was $232,230, a difference of $45,697 (24.5%) versus the prior year and $-8,918 versus the prior month.

    For the 2024-11-01 period, Pottsville had 330 MLS listings, a difference of 16 listings (5%) versus the prior month and 82 listings (33%) 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 1,508 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 1,682 sqft
    2023-01-01 67 days 1,665 sqft
    2023-02-01 63 days 1,651 sqft
    2023-03-01 55 days 1,656 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 1,506 sqft
    2023-09-01 38 days 1,528 sqft
    2023-10-01 40 days 1,596 sqft
    2023-11-01 46 days 1,567 sqft
    2023-12-01 58 days 1,575 sqft
    2024-01-01 62 days 1,518 sqft
    2024-02-01 61 days 1,444 sqft
    2024-03-01 47 days 1,505 sqft
    2024-04-01 40 days 1,579 sqft
    2024-05-01 38 days 1,665 sqft
    2024-06-01 33 days 1,658 sqft
    2024-07-01 37 days 1,736 sqft
    2024-08-01 43 days 1,690 sqft
    2024-09-01 45 days 1,686 sqft
    2024-10-01 50 days 1,707 sqft
    2024-11-01 51 days 1,645 sqft
    Pottsville's median listing age (time on market) for 2024-11-01 was 51 days. This is 11% longer than the same period one year ago.

    Pottsville's median square footage for active listings during the 2024-11-01 period was 1,645 sqft. One year prior, the average listing was 1,567 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).