Roseburg FHA Loan Rates, Closing Costs & Stats

Roseburg, OR

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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.

    Roseburg's 60 lenders originated 252 FHA loans during 2023. The total origination value was $69,880,000, with an average FHA loan value of $277,302.

    Roseburg FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Roseburg averaged 6.83% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Roseburg's average FHA mortgage closing costs are $9,201.

    The average rate for the prior week (2024-04-12) was 6.52% and one month ago for the week of 2024-03-15, the average rate was 6.38%.

    The average rate one year ago was 6.41%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Roseburg 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 Roseburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 27 6.40% $12,957
    QUICKEN LOANS, LLC 18 6.25% $13,813
    SUMMIT FUNDING, INC. 16 6.60% $14,686
    LOANDEPOT.COM, LLC 13 6.64% $12,357
    GoPrime Mortgage, Inc. 11 6.11% $14,794
    CMG MORTGAGE, INC. 10 6.61% $13,704
    Golden Empire Mortgage, Inc. 10 6.81% $15,119
    NEWREZ LLC 10 6.33% $12,410
    Century Mortgage Company DBA Century Lending Company 8 6.30% $13,783
    Flagstar Bank, FSB 8 6.26% $10,626
    DIRECTORS MORTGAGE, INC. 7 6.93% $15,339
    GUILD MORTGAGE COMPANY 6 6.85% $16,014
    PLAZA HOME MORTGAGE, INC. 5 6.60% $9,113
    Umpqua Bank 4 6.38% $12,647
    MID AMERICA MORTGAGE, INC. 4 7.19% $5,296
    Equity Prime Mortgage LLC 4 6.81% $15,770
    CROSSCOUNTRY MORTGAGE, LLC 3 6.54% $18,848
    PREMIER MORTGAGE RESOURCES, L.L.C. 3 7.00% $13,073
    FREEDOM MORTGAGE CORPORATION 3 6.92% $16,779
    U.S. Bank 3 5.79% $11,492
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.08% $13,754
    Carrington Mortgage Services, LLC 3 6.38% $13,989
    The Loan Store, Inc. 2 6.87% $13,149
    LOANPAL, LLC 2 5.62% $19,982
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.63% $10,745
    BROKER SOLUTIONS, INC. 2 7.44% $20,108
    OCMBC, INC. 2 7.06% $12,400
    Mortgage Research Center, LLC 2 6.56% $5,007
    MOUNTAIN WEST FINANCIAL, INC. 2 6.63% $15,720
    MOVEMENT MORTGAGE, LLC 2 7.00% $15,220
    NOVA FINANCIAL & INVESTMENT CORPORATION 2 6.50% $12,290
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 6.56% $18,811
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.38% $19,315
    AMERISAVE MORTGAGE CORPORATION 2 6.88% $10,851
    NATIONS DIRECT MORTGAGE, LLC 2 6.13% $17,024
    Banner Bank 2 7.06% $8,546
    Willamette Valley Bank 2 6.88% $13,550
    ZILLOW HOME LOANS, LLC 1 5.75% $11,754
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $11,357
    CALIBER HOME LOANS, INC. 1 6.25% $16,872
    CHURCHILL MORTGAGE CORPORATION 1 7.63% $9,280
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.00% $16,401
    LIBERTY HOME MORTGAGE CORPORATION 1 7.25% $12,118
    MLD MORTGAGE INC. 1 6.00% $18,225
    MORTGAGE EXPRESS, LLC 1 6.88% $17,600
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $10,845
    M&T Bank 1 6.75% $9,214
    MYCUMORTGAGE, LLC 1 7.63% $11,466
    Nations Lending Corporation 1 6.25% $4,547
    NETWORK CAPITAL FUNDING CORPORATION 1 5.13% $13,783
    ON Q FINANCIAL, INC. 1 6.75% $11,057
    PANORAMA MORTGAGE GROUP, LLC 1 7.62% $22,264
    PENNYMAC LOAN SERVICES, LLC 1 5.63% $9,189
    PLANET HOME LENDING, LLC 1 5.50% $6,612
    S1L, Inc. 1 5.75% $9,550
    SUN WEST MORTGAGE COMPANY, INC. 1 6.50% $9,657
    TruHome Solutions, LLC 1 7.00% $12,009
    VILLAGE CAPITAL MORTGAGE 1 7.25% $12,044
    V.I.P. MORTGAGE, INC. 1 6.75% $20,340
    AMERICAN FINANCIAL NETWORK, INC. 1 7.75% $13,990

    The top Roseburg FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 27 FHA loans originated. Their average total fees are $12,957, which is $856 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Roseburg FHA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC ($12,357), NEWREZ LLC ($12,410), UNITED WHOLESALE MORTGAGE, LLC ($12,957), CMG MORTGAGE, INC. ($13,704) and QUICKEN LOANS, LLC ($13,813).

    The lowest rate Roseburg FHA lenders (with over 10 loans originated) are GoPrime Mortgage, Inc. (6.11%), QUICKEN LOANS, LLC (6.25%), NEWREZ LLC (6.33%), UNITED WHOLESALE MORTGAGE, LLC (6.40%) and SUMMIT FUNDING, INC. (6.60%).

    Roseburg FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Roseburg (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 $306,975 (20.4%) $449,079 (21.0%) 0.00 383
    2018-02-01 $304,950 (16.4%) $453,735 (21.7%) 0.00 392
    2018-03-01 $299,000 (4.9%) $452,392 (16.4%) 0.00 398
    2018-04-01 $323,725 (12.0%) $464,881 (15.8%) 0.00 413
    2018-05-01 $325,000 (0.0%) $465,026 (12.7%) 0.00 427
    2018-06-01 $319,000 (0.3%) $437,026 (8.2%) 0.00 495
    2018-07-01 $309,100 (-4.9%) $437,149 (-1.0%) 0.00 514
    2018-08-01 $299,950 (-3.6%) $421,719 (-3.6%) 0.00 539
    2018-09-01 $298,250 (0.1%) $418,383 (-0.8%) 0.00 531
    2018-10-01 $298,700 (2.2%) $428,014 (2.3%) 0.00 507
    2018-11-01 $299,598 (1.0%) $441,058 (0.6%) 0.00 460
    2018-12-01 $299,900 (1.7%) $448,220 (1.5%) 0.00 454
    2019-01-01 $303,748 (-1.1%) $446,084 (-0.7%) 0.00 446
    2019-02-01 $316,250 (3.7%) $452,123 (-0.4%) 0.00 437
    2019-03-01 $324,950 (8.7%) $455,448 (0.7%) 0.00 417
    2019-04-01 $324,925 (0.4%) $451,198 (-2.9%) 0.00 403
    2019-05-01 $331,150 (1.9%) $459,343 (-1.2%) 0.00 413
    2019-06-01 $335,000 (5.0%) $460,367 (5.3%) 0.00 467
    2019-07-01 $337,450 (9.2%) $457,865 (4.7%) 0.00 478
    2019-08-01 $333,500 (11.2%) $444,587 (5.4%) 0.00 480
    2019-09-01 $331,250 (11.1%) $432,897 (3.5%) 0.00 467
    2019-10-01 $327,225 (9.6%) $412,827 (-3.6%) 0.00 439
    2019-11-01 $305,000 (1.8%) $397,730 (-9.8%) 0.00 416
    2019-12-01 $291,075 (-2.9%) $382,332 (-14.7%) 0.00 392
    2020-01-01 $302,125 (-0.5%) $379,920 (-14.8%) 0.00 365
    2020-02-01 $319,450 (1.0%) $412,281 (-8.8%) 0.00 345
    2020-03-01 $319,950 (-1.5%) $414,607 (-9.0%) 0.00 349
    2020-04-01 $319,475 (-1.7%) $421,352 (-6.6%) 0.00 353
    2020-05-01 $325,000 (-1.9%) $433,791 (-5.6%) 0.00 339
    2020-06-01 $339,225 (1.3%) $448,213 (-2.6%) 0.00 317
    2020-07-01 $331,250 (-1.8%) $434,640 (-5.1%) 0.00 263
    2020-08-01 $330,000 (-1.1%) $463,403 (4.2%) 0.00 232
    2020-09-01 $340,975 (2.9%) $474,868 (9.7%) 0.00 213
    2020-10-01 $346,500 (5.9%) $494,073 (19.7%) 0.00 190
    2020-11-01 $340,950 (11.8%) $493,487 (24.1%) 0.00 162
    2020-12-01 $327,400 (12.5%) $464,241 (21.4%) 0.00 145
    2021-01-01 $320,000 (5.9%) $471,128 (24.0%) 0.00 130
    2021-02-01 $307,450 (-3.8%) $421,523 (2.2%) 0.00 110
    2021-03-01 $318,475 (-0.5%) $417,648 (0.7%) 0.00 102
    2021-04-01 $344,950 (8.0%) $447,013 (6.1%) 0.00 104
    2021-05-01 $349,950 (7.7%) $478,365 (10.3%) 0.00 123
    2021-06-01 $345,750 (1.9%) $477,531 (6.5%) 0.00 128
    2021-07-01 $350,000 (5.7%) $506,521 (16.5%) 0.00 164
    2021-08-01 $359,975 (9.1%) $502,898 (8.5%) 0.00 194
    2021-09-01 $363,725 (6.7%) $492,956 (3.8%) 0.00 210
    2021-10-01 $375,000 (8.2%) $518,790 (5.0%) 0.00 205
    2021-11-01 $369,700 (8.4%) $524,951 (6.4%) 0.00 190
    2021-12-01 $387,450 (18.3%) $546,396 (17.7%) 0.00 176
    2022-01-01 $399,000 (24.7%) $587,452 (24.7%) 0.00 137
    2022-02-01 $398,000 (29.5%) $603,940 (43.3%) 0.00 137
    2022-03-01 $409,700 (28.6%) $637,626 (52.7%) 0.00 125
    2022-04-01 $420,000 (21.8%) $600,704 (34.4%) 0.00 163
    2022-05-01 $422,500 (20.7%) $586,905 (22.7%) 0.00 187
    2022-06-01 $415,000 (20.0%) $568,297 (19.0%) 0.00 232
    2022-07-01 $407,500 (16.4%) $561,509 (10.9%) 0.00 278
    2022-08-01 $423,450 (17.6%) $566,393 (12.6%) 0.00 271
    2022-09-01 $439,225 (20.8%) $582,194 (18.1%) 0.00 282
    2022-10-01 $419,450 (11.9%) $568,160 (9.5%) 0.00 300
    2022-11-01 $414,356 (12.1%) $580,009 (10.5%) 0.00 289
    2022-12-01 $412,989 (6.6%) $588,218 (7.7%) 0.00 278
    2023-01-01 $417,000 (4.5%) $586,670 (-0.1%) 0.00 253
    2023-02-01 $419,750 (5.5%) $583,010 (-3.5%) 0.00 237
    2023-03-01 $454,500 (10.9%) $609,035 (-4.5%) 0.00 225
    2023-04-01 $450,000 (7.1%) $615,089 (2.4%) 0.00 207
    2023-05-01 $449,000 (6.3%) $601,153 (2.4%) 0.00 233
    2023-06-01 $449,850 (8.4%) $612,157 (7.7%) 0.00 252
    2023-07-01 $436,500 (7.1%) $613,058 (9.2%) 0.00 263
    2023-08-01 $433,700 (2.4%) $614,914 (8.6%) 0.00 295
    2023-09-01 $417,450 (-5.0%) $590,403 (1.4%) 0.00 314
    2023-10-01 $399,250 (-4.8%) $579,173 (1.9%) 0.00 303
    2023-11-01 $399,900 (-3.5%) $577,091 (-0.5%) 0.00 279
    2023-12-01 $385,000 (-6.8%) $558,102 (-5.1%) 0.00 264
    2024-01-01 $385,000 (-7.7%) $569,861 (-2.9%) 0.00 238
    2024-02-01 $381,500 (-9.1%) $576,813 (-1.1%) 0.00 220
    2024-03-01 $390,000 (-14.2%) $566,483 (-7.0%) 0.00 217
    Roseburg's median listing price for 2024-03-01 was $390,000, a difference of $-64,500 (-14.2%) versus the prior year and $8,500 versus the prior month.

    Roseburg's median listing price comes in at 0% of the national average.

    Roseburg's average listing price for 2024-03-01 was $566,483, a difference of $-42,552 (-7.0%) versus the prior year and $-10,330 versus the prior month.

    For the 2024-03-01 period, Roseburg had 217 MLS listings, a difference of -3 listings (-1%) versus the prior month and -8 listings (-4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Roseburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,900 sqft
    2018-02-01 0 days 1,893 sqft
    2018-03-01 0 days 1,892 sqft
    2018-04-01 0 days 1,919 sqft
    2018-05-01 0 days 1,942 sqft
    2018-06-01 0 days 1,874 sqft
    2018-07-01 0 days 1,871 sqft
    2018-08-01 0 days 1,852 sqft
    2018-09-01 0 days 1,845 sqft
    2018-10-01 0 days 1,850 sqft
    2018-11-01 0 days 1,850 sqft
    2018-12-01 0 days 1,852 sqft
    2019-01-01 0 days 1,853 sqft
    2019-02-01 0 days 1,885 sqft
    2019-03-01 0 days 1,902 sqft
    2019-04-01 0 days 1,901 sqft
    2019-05-01 0 days 1,936 sqft
    2019-06-01 0 days 1,953 sqft
    2019-07-01 0 days 1,954 sqft
    2019-08-01 0 days 1,950 sqft
    2019-09-01 0 days 1,946 sqft
    2019-10-01 0 days 1,935 sqft
    2019-11-01 0 days 1,869 sqft
    2019-12-01 0 days 1,825 sqft
    2020-01-01 0 days 1,842 sqft
    2020-02-01 0 days 1,873 sqft
    2020-03-01 0 days 1,851 sqft
    2020-04-01 0 days 1,848 sqft
    2020-05-01 0 days 1,889 sqft
    2020-06-01 0 days 1,944 sqft
    2020-07-01 0 days 1,916 sqft
    2020-08-01 0 days 1,920 sqft
    2020-09-01 0 days 1,933 sqft
    2020-10-01 0 days 1,908 sqft
    2020-11-01 0 days 1,869 sqft
    2020-12-01 0 days 1,854 sqft
    2021-01-01 0 days 1,838 sqft
    2021-02-01 0 days 1,699 sqft
    2021-03-01 0 days 1,699 sqft
    2021-04-01 0 days 1,818 sqft
    2021-05-01 0 days 1,808 sqft
    2021-06-01 0 days 1,716 sqft
    2021-07-01 0 days 1,790 sqft
    2021-08-01 0 days 1,745 sqft
    2021-09-01 0 days 1,665 sqft
    2021-10-01 0 days 1,656 sqft
    2021-11-01 0 days 1,703 sqft
    2021-12-01 0 days 1,772 sqft
    2022-01-01 0 days 1,784 sqft
    2022-02-01 0 days 1,767 sqft
    2022-03-01 0 days 1,795 sqft
    2022-04-01 0 days 1,768 sqft
    2022-05-01 0 days 1,798 sqft
    2022-06-01 0 days 1,765 sqft
    2022-07-01 0 days 1,763 sqft
    2022-08-01 0 days 1,770 sqft
    2022-09-01 0 days 1,810 sqft
    2022-10-01 0 days 1,763 sqft
    2022-11-01 0 days 1,765 sqft
    2022-12-01 0 days 1,756 sqft
    2023-01-01 0 days 1,781 sqft
    2023-02-01 0 days 1,713 sqft
    2023-03-01 0 days 1,834 sqft
    2023-04-01 0 days 1,877 sqft
    2023-05-01 0 days 1,820 sqft
    2023-06-01 0 days 1,836 sqft
    2023-07-01 0 days 1,815 sqft
    2023-08-01 0 days 1,824 sqft
    2023-09-01 0 days 1,749 sqft
    2023-10-01 0 days 1,743 sqft
    2023-11-01 0 days 1,731 sqft
    2023-12-01 0 days 1,715 sqft
    2024-01-01 0 days 1,698 sqft
    2024-02-01 0 days 1,680 sqft
    2024-03-01 0 days 1,695 sqft
    Roseburg's median listing age (time on market) for 2024-03-01 was 0 days.

    Roseburg's median square footage for active listings during the 2024-03-01 period was 1,695 sqft. One year prior, the average listing was 1,834 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).