Roseburg FHA Loan Rates, Closing Costs & Stats

Roseburg, OR

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 6.46% for the week of 2024-07-19, compared to the national average (all FHA variants) of 6.59% for the same period.

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

The average rate for the prior week (2024-07-12) was 6.61% and one month ago for the week of 2024-06-14, the average rate was 6.67%.

The average rate one year ago was 6.96%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.59%.

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
2024-04-01 $402,000 (-10.7%) $554,023 (-9.9%) 0.00 261
2024-05-01 $422,475 (-5.9%) $566,628 (-5.7%) 0.00 281
2024-06-01 $449,000 (-0.2%) $573,314 (-6.4%) 0.00 344
Roseburg's median listing price for 2024-06-01 was $449,000, a difference of $-850 (-0.2%) versus the prior year and $26,525 versus the prior month.

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

Roseburg's average listing price for 2024-06-01 was $573,314, a difference of $-38,843 (-6.4%) versus the prior year and $6,686 versus the prior month.

For the 2024-06-01 period, Roseburg had 344 MLS listings, a difference of 63 listings (22%) versus the prior month and 92 listings (37%) 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
2024-04-01 0 days 1,730 sqft
2024-05-01 0 days 1,813 sqft
2024-06-01 0 days 1,800 sqft
Roseburg's median listing age (time on market) for 2024-06-01 was 0 days.

Roseburg's median square footage for active listings during the 2024-06-01 period was 1,800 sqft. One year prior, the average listing was 1,836 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).