Pottsville FHA Loans

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 87 lenders originated 507 FHA loans during 2021. The total origination value was $65,915,000, with an average FHA loan value of $130,010.

Pottsville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Pottsville averaged 5.25% for the week of 2022-08-05, compared to the national average (all FHA variants) of 5.305% for the same period.

The average rate for the prior week (2022-07-29) was 5.49% and one month ago for the week of 2022-07-01, the average rate was 5.78%.

The average rate one year ago was 3.19%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.15%.

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 and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Pottsville level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 91 2.84% $5,673
CROSSCOUNTRY MORTGAGE, LLC 47 3.27% $7,711
Mortgage America, Inc. 43 3.24% $5,149
CALIBER HOME LOANS, INC. 27 2.95% $5,231
ARK-LA-TEX FINANCIAL SERVICES, LLC. 17 3.51% $5,181
Manufacturers and Traders Trust Company 11 3.17% $5,693
Mr. Cooper ( Nationstar Mortgage ) 10 3.50% $4,150
FREEDOM MORTGAGE CORPORATION 9 2.97% $5,045
UNITED WHOLESALE MORTGAGE, LLC 8 2.70% $7,700
NEWREZ LLC 8 2.87% $4,886
Prosperity Home Mortgage, LLC 7 3.61% $6,751
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 3.26% $6,758
RESIDENTIAL MORTGAGE SERVICES, INC. 6 3.21% $6,220
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 3.21% $7,637
Alcova Mortgage LLC 6 3.13% $4,658
LAKEVIEW LOAN SERVICING, LLC 6 3.08% $5,563
PENNYMAC LOAN SERVICES, LLC 5 2.90% $5,414
MOVEMENT MORTGAGE, LLC 5 3.13% $4,834
BROKER SOLUTIONS, INC. 4 3.28% $6,985
SUN WEST MORTGAGE COMPANY, INC. 4 3.19% $7,705
Homesale Mortgage, LLC 4 2.97% $6,273
Carrington Mortgage Services, LLC 4 3.75% $5,802
FIRST ALLIANCE HOME MORTGAGE, LLC 4 3.09% $6,549
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.68% $6,214
FIRST HERITAGE FINANCIAL, LLC 3 3.17% $5,930
EMM LOANS LLC 3 3.08% $7,584
NFM, INC. 3 3.33% $6,418
FAMILY FIRST FUNDING LLC 3 3.50% $10,101
Paramount Residential Mortgage Group, Inc. 3 3.50% $7,706
FINANCE OF AMERICA MORTGAGE LLC 3 3.25% $7,709
STEARNS LENDING, LLC 3 2.88% $7,308
SUCCESS MORTGAGE PARTNERS, INC. 3 3.29% $6,231
Univest Bank and Trust Co. 3 3.08% $5,522
Fulton Bank 3 2.67% $5,652
GUARANTEED RATE, INC. 3 3.33% $6,393
VILLAGE CAPITAL & INVESTMENT LLC 2 2.94% $1,677
ZILLOW HOME LOANS, LLC 2 3.81% $5,645
Meridian Bank Corporation 2 2.75% $5,827
Bank of England 2 3.00% $6,244
AMERICAN FINANCIAL NETWORK, INC. 2 3.75% $10,495
UNION HOME MORTGAGE CORP. 2 2.81% $6,097
Truist Bank 2 2.80% $5,424
First National Bank of Pennsylvania 2 3.00% $6,200
Citizens Bank 2 3.00% $5,327
AmeriHome Mortgage Company, LLC 2 3.63% $3,929
Northpointe Bank 2 2.81% $6,601
ARC HOME LLC 2 2.56% $6,591
UNITED MORTGAGE CORP. 2 3.13% $8,162
ALLIED MORTGAGE GROUP, INC. 2 3.69% $5,411
LOANDEPOT.COM, LLC 2 3.62% $5,927
Mid Penn Bank 1 2.88% $5,643
ACADEMY MORTGAGE CORPORATION 1 3.75% $9,483
AMCAP MORTGAGE, LTD. 1 3.75% $5,647
AMERICAN FINANCIAL RESOURCES, INC. 1 2.75% $9,767
AMERICAN FINANCING CORPORATION 1 3.88% $4,818
AMERICAN HERITAGE FCU 1 3.25% $4,307
AMERISAVE MORTGAGE CORPORATION 1 3.63% $6,375
Atlantic Home Loans, Inc. 1 3.25% $4,354
BAYSHORE MORTGAGE FUNDING, LLC 1 3.25% $6,258
BNC National Bank 1 4.25% $5,814
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 4.13% $6,055
Century Mortgage Company DBA Century Lending Company 1 3.63% $4,797
Customers Bank 1 3.50% $6,357
EMBRACE HOME LOANS, INC. 1 2.63% $8,319
First Guaranty Mortgage Corporation 1 3.38% $4,678
GUILD MORTGAGE COMPANY 1 3.50% $11,178
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.50% $6,630
HOME POINT FINANCIAL CORPORATION 1 2.75% $6,434
HOMESIDE FINANCIAL, LLC 1 2.88% $8,320
HOMESTEAD FUNDING CORP. 1 3.25% $5,418
Hometown Lenders, Inc. 1 3.13% $9,872
Huntingdon Valley Bank 1 3.25% $9,274
LIBERTY HOME MORTGAGE CORPORATION 1 3.25% $8,281
MEMBER FIRST MORTGAGE, LLC 1 2.63% $8,915
MEMBERS 1ST FEDERAL CREDIT UNION 1 2.75% $6,754
ABSOLUTE HOME MORTGAGE CORPORATION 1 3.25% $7,142
MORTGAGE ACCESS CORP. 1 3.75% $5,422
Mortgage Research Center, LLC 1 3.38% $4,069
NATIONS DIRECT MORTGAGE, LLC 1 3.25% $12,650
OCMBC, INC. 1 3.38% $9,539
Plains Commerce Bank 1 3.13% $4,285
PLANET HOME LENDING, LLC 1 2.75% $3,491
PLAZA HOME MORTGAGE, INC. 1 3.50% $10,600
PNC Bank 1 3.13% $5,772
RELIANCE FIRST CAPITAL, LLC 1 2.88% $11,203
SWBC MORTGAGE CORPORATION 1 3.50% $3,714
U.S. Bank 1 2.75% $5,955

The top Pottsville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 91 FHA loans originated. Their average total fees are $5,673, which is $2,037 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Pottsville FHA lenders (with over 10 loans originated) are Mr. Cooper ( Nationstar Mortgage ) ($4,150), Mortgage America, Inc. ($5,149), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($5,181), CALIBER HOME LOANS, INC. ($5,231) and QUICKEN LOANS, LLC ($5,673).

The lowest rate Pottsville FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.84%), CALIBER HOME LOANS, INC. (2.95%), Manufacturers and Traders Trust Company (3.17%), Mortgage America, Inc. (3.24%) and CROSSCOUNTRY MORTGAGE, LLC (3.27%).

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

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 $72,900 (-6.5%) $125,289 (4.4%) 0.27 575
2018-02-01 $74,900 (-3.7%) $128,032 (4.8%) 0.27 582
2018-03-01 $79,900 (0.0%) $132,553 (-3.5%) 0.28 530
2018-04-01 $74,900 (-5.2%) $132,970 (-4.1%) 0.25 531
2018-05-01 $75,900 (-1.4%) $133,506 (-2.3%) 0.25 529
2018-06-01 $75,000 (-2.3%) $131,267 (-0.4%) 0.25 568
2018-07-01 $75,000 (-4.5%) $129,071 (0.6%) 0.25 566
2018-08-01 $72,450 (-3.3%) $129,175 (3.0%) 0.24 570
2018-09-01 $75,500 (8.0%) $141,739 (16.1%) 0.25 600
2018-10-01 $77,450 (3.5%) $141,726 (11.2%) 0.26 591
2018-11-01 $75,000 (1.5%) $140,615 (11.2%) 0.25 570
2018-12-01 $74,900 (7.0%) $139,194 (11.7%) 0.26 519
2019-01-01 $79,900 (9.6%) $142,295 (13.6%) 0.28 484
2019-02-01 $74,000 (-1.2%) $142,810 (11.5%) 0.25 456
2019-03-01 $74,671 (-6.5%) $147,761 (11.5%) 0.24 464
2019-04-01 $76,621 (2.3%) $154,684 (16.3%) 0.24 488
2019-05-01 $76,500 (0.8%) $156,566 (17.3%) 0.24 504
2019-06-01 $82,500 (10.0%) $156,835 (19.5%) 0.25 521
2019-07-01 $83,700 (11.6%) $160,308 (24.2%) 0.26 538
2019-08-01 $89,957 (24.2%) $176,193 (36.4%) 0.28 500
2019-09-01 $98,657 (30.7%) $196,579 (38.7%) 0.31 431
2019-10-01 $99,900 (29.0%) $198,872 (40.3%) 0.32 440
2019-11-01 $104,900 (39.9%) $190,825 (35.7%) 0.34 397
2019-12-01 $112,000 (49.5%) $177,831 (27.8%) 0.37 383
2020-01-01 $109,950 (37.6%) $169,504 (19.1%) 0.37 328
2020-02-01 $109,900 (48.5%) $166,774 (16.8%) 0.35 285
2020-03-01 $122,400 (63.9%) $170,886 (15.7%) 0.38 279
2020-04-01 $115,000 (50.1%) $167,316 (8.2%) 0.36 257
2020-05-01 $115,000 (50.3%) $171,741 (9.7%) 0.35 265
2020-06-01 $109,000 (32.1%) $182,325 (16.3%) 0.32 252
2020-07-01 $109,150 (30.4%) $190,236 (18.7%) 0.31 217
2020-08-01 $110,000 (22.3%) $187,172 (6.2%) 0.31 196
2020-09-01 $109,500 (11.0%) $198,022 (0.7%) 0.31 183
2020-10-01 $125,000 (25.1%) $238,992 (20.2%) 0.36 181
2020-11-01 $119,950 (14.4%) $272,803 (43.0%) 0.34 171
2020-12-01 $112,500 (0.5%) $283,557 (59.5%) 0.33 157
2021-01-01 $110,000 (0.1%) $282,369 (66.6%) 0.32 152
2021-02-01 $113,950 (3.7%) $293,847 (76.2%) 0.33 106
2021-03-01 $112,450 (-8.1%) $291,343 (70.5%) 0.32 98
2021-04-01 $128,450 (11.7%) $333,943 (99.6%) 0.35 88
2021-05-01 $135,000 (17.4%) $314,643 (83.2%) 0.36 93
2021-06-01 $102,500 (-6.0%) $245,475 (34.6%) 0.27 167
2021-07-01 $112,500 (3.1%) $243,547 (28.0%) 0.29 170
2021-08-01 $111,000 (0.9%) $185,090 (-1.1%) 0.29 184
2021-09-01 $112,450 (2.7%) $178,964 (-9.6%) 0.30 192
2021-10-01 $105,000 (-16.0%) $184,976 (-22.6%) 0.28 177
2021-11-01 $94,950 (-20.8%) $171,818 (-37.0%) 0.25 188
2021-12-01 $99,000 (-12.0%) $174,786 (-38.4%) 0.26 186
2022-01-01 $98,900 (-10.1%) $174,992 (-38.0%) 0.26 165
2022-02-01 $118,500 (4.0%) $173,766 (-40.9%) 0.30 172
2022-03-01 $124,950 (11.1%) $171,495 (-41.1%) 0.31 164
2022-04-01 $137,500 (7.1%) $175,116 (-47.6%) 0.32 156
2022-05-01 $139,450 (3.3%) $180,548 (-42.6%) 0.31 169
2022-06-01 $139,900 (36.5%) $191,901 (-21.8%) 0.31 209
Pottsville's median listing price for 2022-06-01 was $139,900, a difference of $37,400 (36.5%) versus the prior year and $450 versus the prior month.

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

Pottsville's average listing price for 2022-06-01 was $191,901, a difference of $-53,574 (-21.8%) versus the prior year and $11,353 versus the prior month.

For the 2022-06-01 period, Pottsville had 209 MLS listings, a difference of 40 listings (24%) versus the prior month and 42 listings (25%) 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
2018-01-01 111 days 1,563 sqft
2018-02-01 110 days 1,588 sqft
2018-03-01 109 days 1,600 sqft
2018-04-01 99 days 1,598 sqft
2018-05-01 90 days 1,596 sqft
2018-06-01 69 days 1,658 sqft
2018-07-01 68 days 1,610 sqft
2018-08-01 74 days 1,622 sqft
2018-09-01 80 days 1,658 sqft
2018-10-01 76 days 1,684 sqft
2018-11-01 81 days 1,680 sqft
2018-12-01 95 days 1,680 sqft
2019-01-01 107 days 1,665 sqft
2019-02-01 106 days 1,654 sqft
2019-03-01 93 days 1,660 sqft
2019-04-01 74 days 1,667 sqft
2019-05-01 64 days 1,667 sqft
2019-06-01 67 days 1,656 sqft
2019-07-01 72 days 1,680 sqft
2019-08-01 75 days 1,707 sqft
2019-09-01 71 days 1,725 sqft
2019-10-01 65 days 1,688 sqft
2019-11-01 67 days 1,740 sqft
2019-12-01 81 days 1,724 sqft
2020-01-01 93 days 1,700 sqft
2020-02-01 100 days 1,720 sqft
2020-03-01 76 days 1,798 sqft
2020-04-01 81 days 1,804 sqft
2020-05-01 82 days 1,808 sqft
2020-06-01 55 days 1,752 sqft
2020-07-01 42 days 1,727 sqft
2020-08-01 49 days 1,700 sqft
2020-09-01 38 days 1,644 sqft
2020-10-01 45 days 1,722 sqft
2020-11-01 54 days 1,665 sqft
2020-12-01 64 days 1,618 sqft
2021-01-01 73 days 1,622 sqft
2021-02-01 72 days 1,587 sqft
2021-03-01 59 days 1,552 sqft
2021-04-01 33 days 1,634 sqft
2021-05-01 26 days 1,592 sqft
2021-06-01 19 days 1,626 sqft
2021-07-01 30 days 1,612 sqft
2021-08-01 28 days 1,637 sqft
2021-09-01 35 days 1,612 sqft
2021-10-01 42 days 1,604 sqft
2021-11-01 39 days 1,572 sqft
2021-12-01 46 days 1,556 sqft
2022-01-01 50 days 1,582 sqft
2022-02-01 49 days 1,584 sqft
2022-03-01 46 days 1,627 sqft
2022-04-01 39 days 1,628 sqft
2022-05-01 33 days 1,710 sqft
2022-06-01 29 days 1,707 sqft
Pottsville's median listing age (time on market) for 2022-06-01 was 29 days. This is 53% longer than the same period one year ago.

Pottsville's median square footage for active listings during the 2022-06-01 period was 1,707 sqft. One year prior, the average listing was 1,626 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).