Pueblo FHA Loan Rates, Closing Costs & Stats

PUEBLO, CO

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.

Pueblo's 100 lenders originated 916 FHA loans during 2023. The total origination value was $241,810,000, with an average FHA loan value of $263,985.

Pueblo FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Pueblo averaged 6.35% for the week of 2024-04-12, compared to the national average (all FHA variants) of 6.739% for the same period.

Pueblo's average FHA mortgage closing costs are $8,288.

The average rate for the prior week (2024-04-05) was 6.68% and one month ago for the week of 2024-03-08, the average rate was 6.22%.

The average rate one year ago was 5.95%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.48%.

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

Pueblo 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 Pueblo level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 95 6.08% $11,651
THRIVE MORTGAGE, LLC 76 6.64% $11,591
MORTGAGE SOLUTIONS OF COLORADO, LLC 57 6.86% $11,197
QUICKEN LOANS, LLC 55 6.07% $12,091
CORNERSTONE HOME LENDING, INC. 38 4.16% $15,342
Ent Credit Union 36 6.16% $7,532
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 26 6.79% $10,707
UNIVERSAL LENDING CORPORATION 26 6.75% $10,802
PREMIER MORTGAGE SERVICES, INC. 25 6.42% $10,954
BROKER SOLUTIONS, INC. 23 6.63% $11,270
LOANDEPOT.COM, LLC 20 6.48% $11,636
PRIMARY RESIDENTIAL MORTGAGE, INC. 18 6.74% $7,873
Loan Simple, Inc. 17 6.79% $11,717
GUILD MORTGAGE COMPANY 14 6.62% $10,861
NFM, INC. 14 6.88% $10,665
CALIBER HOME LOANS, INC. 13 6.60% $11,309
NEWREZ LLC 12 6.65% $13,508
Paramount Residential Mortgage Group, Inc. 12 6.46% $13,115
HOMEAMERICAN MORTGAGE CORPORATION 10 5.20% $7,341
MID AMERICA MORTGAGE, INC. 10 6.39% $5,493
CROSSCOUNTRY MORTGAGE, LLC 8 6.88% $9,829
LOANPAL, LLC 7 6.02% $12,035
HOMESIDE FINANCIAL, LLC 7 7.45% $9,889
AMERICAN FINANCIAL NETWORK, INC. 7 6.75% $9,370
GUARANTEED RATE, INC. 6 6.40% $13,168
FREEDOM MORTGAGE CORPORATION 6 6.75% $14,760
AMERICAN FINANCING CORPORATION 5 6.13% $9,690
MASON MCDUFFIE MORTGAGE CORPORATION 5 6.25% $15,262
S1L, Inc. 5 6.50% $9,991
Mr. Cooper ( Nationstar Mortgage ) 5 5.95% $15,877
CARDINAL FINANCIAL 5 6.72% $9,532
BAY EQUITY LLC 5 7.10% $11,971
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 7.41% $14,413
Century Mortgage Company DBA Century Lending Company 4 5.75% $12,280
Plains Commerce Bank 4 6.16% $13,525
Midwest Mortgage Associates Corporation 4 6.41% $6,758
Flagstar Bank, FSB 4 6.34% $10,221
AMERISAVE MORTGAGE CORPORATION 4 5.56% $13,894
AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.91% $9,693
V.I.P. MORTGAGE, INC. 3 7.13% $9,876
American Mortgage & Equity Consultants, Inc. 3 6.00% $9,086
AXIA FINANCIAL, LLC 3 6.92% $13,306
Carrington Mortgage Services, LLC 3 5.54% $14,963
Equity Prime Mortgage LLC 3 6.54% $9,229
INTERCAP LENDING INC. 3 6.58% $13,310
Ixonia Bank 3 6.88% $12,975
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.42% $13,712
Northpointe Bank 3 6.46% $11,057
PENNYMAC LOAN SERVICES, LLC 3 6.46% $9,278
PLANET HOME LENDING, LLC 3 6.17% $11,505
The Central Trust Bank 3 7.33% $7,493
UNION HOME MORTGAGE CORP. 2 7.25% $8,725
NBH Bank 2 7.13% $5,925
CHERRY CREEK MORTGAGE, LLC 2 6.63% $4,556
VERITAS FUNDING, LLC 2 5.94% $14,026
LEADERONE FINANCIAL CORPORATION 2 6.06% $11,353
EVERETT FINANCIAL, INC. 2 6.69% $9,366
PACIFIC RESIDENTIAL MORTGAGE, LLC 2 6.88% $11,628
TOWNE MORTGAGE COMPANY 2 6.56% $11,746
PANORAMA MORTGAGE GROUP, LLC 2 6.25% $12,092
LADERA LENDING, INC. 2 6.88% $8,225
Lakeview Community Capital, LLC 2 6.00% $11,568
NETWORK CAPITAL FUNDING CORPORATION 1 7.00% $8,252
Elevations Credit Union 1 6.88% $8,179
DRAPER AND KRAMER MORTGAGE CORP. 1 7.13% $9,083
AMERICAN FINANCIAL RESOURCES, INC. 1 4.25% $8,988
OCMBC, INC. 1 6.75% $16,657
CMG MORTGAGE, INC. 1 5.13% $20,060
American Bank of Commerce 1 5.75% $21,306
PLAZA HOME MORTGAGE, INC. 1 7.75% $12,380
POLARIS HOME FUNDING CORP. 1 6.75% $10,754
PREMIA MORTGAGE, LLC 1 6.13% $11,351
CENTENNIAL LENDING, LLC 1 6.75% $8,037
CASTLE & COOKE MORTGAGE, LLC 1 6.38% $7,449
CALCON MUTUAL MORTGAGE LLC 1 8.25% $13,394
RELIANCE FIRST CAPITAL, LLC 1 6.75% $8,379
RESIDENTIAL BANCORP 1 5.50% $11,040
Bank of England 1 6.00% $15,293
SECURITYNATIONAL MORTGAGE COMPANY 1 6.38% $9,901
SUN WEST MORTGAGE COMPANY, INC. 1 7.50% $20,635
T2 FINANCIAL LLC 1 6.75% $21,592
Academy Bank 1 6.50% $10,074
The Federal Savings Bank 1 7.75% $6,294
The Huntington National Bank 1 6.75% $7,710
THE MORTGAGE COMPANY 1 7.50% $14,966
LAND HOME FINANCIAL SERVICES, INC. 1 7.00% $18,005
INTEGRITY MORTGAGE & FINANCIAL INCORPORATED 1 6.00% $15,811
Armed Forces Bank 1 5.75% $9,204
JPMorgan Chase Bank 1 6.75% $3,206
Hometown Equity Mortgage, LLC 1 6.25% $7,823
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $11,339
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.75% $13,447
Glacier Bank 1 6.50% $12,320
GENEVA FINANCIAL, LLC 1 6.75% $16,376
Flanagan State Bank 1 7.00% $8,279
Mid-Continent Funding, Inc. 1 5.75% $11,966
Financial Funding Solutions, Inc. 1 6.63% $3,467
MOUNTAIN AMERICA 1 5.63% $15,203
EMM LOANS LLC 1 5.50% $14,653
NEST HOME LENDING, LLC 1 5.50% $15,418

The top Pueblo FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 95 FHA loans originated. Their average total fees are $11,651, which is $60 higher than the next largest lender, THRIVE MORTGAGE, LLC.

The lowest fee Pueblo FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($5,493), HOMEAMERICAN MORTGAGE CORPORATION ($7,341), Ent Credit Union ($7,532), PRIMARY RESIDENTIAL MORTGAGE, INC. ($7,873) and NFM, INC. ($10,665).

The lowest rate Pueblo FHA lenders (with over 10 loans originated) are CORNERSTONE HOME LENDING, INC. (4.16%), HOMEAMERICAN MORTGAGE CORPORATION (5.20%), QUICKEN LOANS, LLC (6.07%), UNITED WHOLESALE MORTGAGE, LLC (6.08%) and Ent Credit Union (6.16%).

Pueblo FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Pueblo (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 $239,900 (15.3%) $315,392 (16.1%) 0.89 387
2018-02-01 $239,950 (20.0%) $322,342 (20.9%) 0.87 364
2018-03-01 $249,450 (22.0%) $330,762 (18.8%) 0.88 371
2018-04-01 $249,950 (16.3%) $342,182 (21.1%) 0.85 369
2018-05-01 $249,900 (13.6%) $343,896 (9.4%) 0.83 380
2018-06-01 $250,000 (7.0%) $346,266 (12.8%) 0.83 434
2018-07-01 $266,381 (15.9%) $350,480 (17.5%) 0.89 467
2018-08-01 $255,000 (11.4%) $335,715 (14.0%) 0.85 511
2018-09-01 $249,950 (9.5%) $327,047 (11.2%) 0.84 542
2018-10-01 $249,929 (9.4%) $327,170 (4.7%) 0.85 527
2018-11-01 $249,900 (6.9%) $327,630 (2.8%) 0.85 515
2018-12-01 $244,900 (4.2%) $319,330 (-0.8%) 0.84 477
2019-01-01 $239,950 (0.0%) $316,624 (0.4%) 0.83 446
2019-02-01 $248,725 (3.7%) $320,990 (-0.4%) 0.84 429
2019-03-01 $258,471 (3.6%) $332,450 (0.5%) 0.85 414
2019-04-01 $269,625 (7.9%) $345,360 (0.9%) 0.86 393
2019-05-01 $272,450 (9.0%) $350,605 (2.0%) 0.85 349
2019-06-01 $254,450 (1.8%) $341,161 (-1.5%) 0.80 357
2019-07-01 $247,250 (-7.2%) $337,344 (-3.8%) 0.77 389
2019-08-01 $252,200 (-1.1%) $333,026 (-0.8%) 0.80 411
2019-09-01 $248,150 (-0.7%) $323,849 (-1.0%) 0.79 447
2019-10-01 $244,950 (-2.0%) $315,885 (-3.5%) 0.79 469
2019-11-01 $239,900 (-4.0%) $313,934 (-4.2%) 0.79 411
2019-12-01 $252,450 (3.1%) $337,646 (5.7%) 0.84 366
2020-01-01 $259,900 (8.3%) $356,929 (12.7%) 0.87 343
2020-02-01 $275,000 (10.6%) $378,752 (18.0%) 0.90 293
2020-03-01 $282,400 (9.3%) $395,671 (19.0%) 0.89 268
2020-04-01 $278,675 (3.4%) $393,768 (14.0%) 0.87 279
2020-05-01 $296,750 (8.9%) $387,630 (10.6%) 0.90 285
2020-06-01 $286,275 (12.5%) $387,367 (13.5%) 0.84 263
2020-07-01 $304,750 (23.3%) $430,774 (27.7%) 0.88 229
2020-08-01 $317,450 (25.9%) $459,565 (38.0%) 0.91 229
2020-09-01 $302,225 (21.8%) $469,348 (44.9%) 0.87 235
2020-10-01 $312,000 (27.4%) $496,818 (57.3%) 0.89 215
2020-11-01 $304,175 (26.8%) $493,841 (57.3%) 0.89 196
2020-12-01 $303,650 (20.3%) $511,692 (51.6%) 0.90 172
2021-01-01 $305,900 (17.7%) $531,495 (48.9%) 0.91 141
2021-02-01 $332,000 (20.7%) $535,886 (41.5%) 0.97 150
2021-03-01 $323,375 (14.5%) $524,877 (32.7%) 0.92 152
2021-04-01 $330,825 (18.7%) $528,583 (34.2%) 0.90 174
2021-05-01 $324,900 (9.5%) $501,093 (29.3%) 0.86 200
2021-06-01 $332,475 (16.1%) $484,801 (25.2%) 0.88 239
2021-07-01 $340,000 (11.6%) $450,850 (4.7%) 0.90 314
2021-08-01 $334,000 (5.2%) $444,139 (-3.4%) 0.89 381
2021-09-01 $334,950 (10.8%) $449,135 (-4.3%) 0.89 360
2021-10-01 $329,900 (5.7%) $450,091 (-9.4%) 0.88 341
2021-11-01 $347,450 (14.2%) $440,782 (-10.7%) 0.93 366
2021-12-01 $348,975 (14.9%) $450,472 (-12.0%) 0.95 328
2022-01-01 $339,450 (11.0%) $444,435 (-16.4%) 0.92 271
2022-02-01 $365,000 (9.9%) $442,473 (-17.4%) 0.95 232
2022-03-01 $362,554 (12.1%) $412,637 (-21.4%) 0.91 211
2022-04-01 $374,750 (13.3%) $431,803 (-18.3%) 0.89 275
2022-05-01 $394,900 (21.6%) $461,759 (-7.9%) 0.90 317
2022-06-01 $399,900 (20.3%) $459,047 (-5.3%) 0.89 388
2022-07-01 $399,900 (17.6%) $444,149 (-1.5%) 0.90 513
2022-08-01 $397,899 (19.1%) $445,911 (0.4%) 0.92 558
2022-09-01 $389,950 (16.4%) $440,521 (-1.9%) 0.91 583
2022-10-01 $375,000 (13.7%) $433,696 (-3.6%) 0.88 630
2022-11-01 $359,238 (3.4%) $416,955 (-5.4%) 0.86 664
2022-12-01 $349,900 (0.3%) $411,609 (-8.6%) 0.86 621
2023-01-01 $348,450 (2.7%) $418,626 (-5.8%) 0.86 570
2023-02-01 $347,425 (-4.8%) $416,949 (-5.8%) 0.84 549
2023-03-01 $351,750 (-3.0%) $428,062 (3.7%) 0.83 517
2023-04-01 $365,000 (-2.6%) $445,880 (3.3%) 0.85 508
2023-05-01 $377,811 (-4.3%) $462,638 (0.2%) 0.86 502
2023-06-01 $379,900 (-5.0%) $451,792 (-1.6%) 0.85 533
2023-07-01 $379,900 (-5.0%) $439,824 (-1.0%) 0.86 546
2023-08-01 $369,900 (-7.0%) $421,459 (-5.5%) 0.85 630
2023-09-01 $369,000 (-5.4%) $404,096 (-8.3%) 0.86 638
2023-10-01 $363,450 (-3.1%) $416,622 (-3.9%) 0.86 661
2023-11-01 $350,000 (-2.6%) $396,153 (-5.0%) 0.83 652
2023-12-01 $349,900 (0.0%) $382,528 (-7.1%) 0.85 616
2024-01-01 $349,950 (0.4%) $377,933 (-9.7%) 0.85 600
2024-02-01 $359,950 (3.6%) $387,679 (-7.0%) 0.87 611
2024-03-01 $363,900 (3.5%) $387,917 (-9.4%) 0.86 615
Pueblo's median listing price for 2024-03-01 was $363,900, a difference of $12,150 (3.5%) versus the prior year and $3,950 versus the prior month.

Pueblo's median listing price comes in at 86% of the national average.

Pueblo's average listing price for 2024-03-01 was $387,917, a difference of $-40,145 (-9.4%) versus the prior year and $238 versus the prior month.

For the 2024-03-01 period, Pueblo had 615 MLS listings, a difference of 4 listings (1%) versus the prior month and 98 listings (19%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Pueblo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 57 days 1,959 sqft
2018-02-01 45 days 1,991 sqft
2018-03-01 40 days 2,088 sqft
2018-04-01 40 days 2,102 sqft
2018-05-01 40 days 2,113 sqft
2018-06-01 38 days 2,064 sqft
2018-07-01 37 days 2,110 sqft
2018-08-01 43 days 2,022 sqft
2018-09-01 45 days 2,028 sqft
2018-10-01 48 days 1,946 sqft
2018-11-01 51 days 1,897 sqft
2018-12-01 62 days 1,893 sqft
2019-01-01 66 days 1,859 sqft
2019-02-01 50 days 1,901 sqft
2019-03-01 45 days 2,053 sqft
2019-04-01 41 days 2,188 sqft
2019-05-01 38 days 2,202 sqft
2019-06-01 36 days 2,058 sqft
2019-07-01 37 days 2,057 sqft
2019-08-01 39 days 2,076 sqft
2019-09-01 40 days 2,012 sqft
2019-10-01 39 days 1,970 sqft
2019-11-01 45 days 1,953 sqft
2019-12-01 58 days 2,042 sqft
2020-01-01 56 days 2,014 sqft
2020-02-01 44 days 1,993 sqft
2020-03-01 35 days 1,975 sqft
2020-04-01 36 days 1,872 sqft
2020-05-01 38 days 2,040 sqft
2020-06-01 32 days 2,026 sqft
2020-07-01 34 days 2,171 sqft
2020-08-01 32 days 2,146 sqft
2020-09-01 27 days 2,118 sqft
2020-10-01 30 days 2,121 sqft
2020-11-01 33 days 1,940 sqft
2020-12-01 36 days 1,870 sqft
2021-01-01 32 days 1,976 sqft
2021-02-01 19 days 1,908 sqft
2021-03-01 24 days 1,864 sqft
2021-04-01 27 days 1,875 sqft
2021-05-01 24 days 1,950 sqft
2021-06-01 21 days 1,917 sqft
2021-07-01 23 days 1,930 sqft
2021-08-01 25 days 2,008 sqft
2021-09-01 27 days 1,897 sqft
2021-10-01 27 days 1,910 sqft
2021-11-01 26 days 1,833 sqft
2021-12-01 40 days 1,785 sqft
2022-01-01 44 days 1,754 sqft
2022-02-01 27 days 1,752 sqft
2022-03-01 22 days 1,766 sqft
2022-04-01 16 days 1,732 sqft
2022-05-01 28 days 1,780 sqft
2022-06-01 29 days 1,765 sqft
2022-07-01 29 days 1,872 sqft
2022-08-01 38 days 1,901 sqft
2022-09-01 43 days 1,949 sqft
2022-10-01 43 days 1,987 sqft
2022-11-01 46 days 1,980 sqft
2022-12-01 59 days 1,920 sqft
2023-01-01 70 days 1,904 sqft
2023-02-01 61 days 1,853 sqft
2023-03-01 47 days 1,861 sqft
2023-04-01 43 days 1,884 sqft
2023-05-01 41 days 1,973 sqft
2023-06-01 45 days 1,976 sqft
2023-07-01 48 days 1,981 sqft
2023-08-01 47 days 1,945 sqft
2023-09-01 47 days 1,965 sqft
2023-10-01 53 days 1,945 sqft
2023-11-01 56 days 1,893 sqft
2023-12-01 65 days 1,872 sqft
2024-01-01 73 days 1,851 sqft
2024-02-01 64 days 1,898 sqft
2024-03-01 56 days 1,908 sqft
Pueblo's median listing age (time on market) for 2024-03-01 was 56 days. This is 20% longer than the same period one year ago.

Pueblo's median square footage for active listings during the 2024-03-01 period was 1,908 sqft. One year prior, the average listing was 1,861 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).