Salina FHA Loan Rates, Closing Costs & Stats
Salina, KS
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.
Salina's 29 lenders originated 103 FHA loans during 2023. The total origination value was $16,475,000, with an average FHA loan value of $159,951.
Salina FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Salina
averaged
0.25%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Salina's average FHA mortgage closing costs are $4,411.
The average rate for the prior week (2024-11-22) was
6.34% and
one month ago for the week of 2024-10-25, the
average rate was 6.32%.
The average rate one year ago was 6.91%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.1%.
Salina 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 Salina level.
The top Salina FHA lender as defined by loan originations is NBH Bank, with
24 FHA loans originated. Their average total fees are
$3,978, which is $1,297
higher than the next largest lender,
MID AMERICA MORTGAGE, INC..
The lowest fee Salina FHA lenders (with over 10 loans originated) are
MID AMERICA MORTGAGE, INC. ($2,681), NBH Bank ($3,978), .
The lowest rate Salina FHA lenders (with over 10 loans originated) are
NBH Bank (6.41%), MID AMERICA MORTGAGE, INC. (6.63%), .
Salina FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
SALINA, KS | OTTAWA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SALINA, KS | SALINE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SALINA, KS | OTTAWA | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SALINA, KS | SALINE | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Salina (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $135,700 (-8.8%) | $181,666 (-7.5%) | 0.00 | 155 |
2018-02-01 | $156,050 (5.8%) | $192,050 (-3.7%) | 0.00 | 158 |
2018-03-01 | $150,000 (0.0%) | $191,661 (-3.4%) | 0.00 | 152 |
2018-04-01 | $158,975 (9.6%) | $198,116 (3.8%) | 0.00 | 170 |
2018-05-01 | $159,475 (7.2%) | $195,628 (3.4%) | 0.00 | 172 |
2018-06-01 | $155,450 (0.5%) | $188,693 (0.7%) | 0.00 | 177 |
2018-07-01 | $148,225 (0.5%) | $186,593 (0.1%) | 0.00 | 183 |
2018-08-01 | $145,000 (0.3%) | $180,570 (-1.3%) | 0.00 | 184 |
2018-09-01 | $144,950 (0.0%) | $183,899 (-0.1%) | 0.00 | 181 |
2018-10-01 | $147,225 (0.7%) | $190,138 (2.9%) | 0.00 | 178 |
2018-11-01 | $151,925 (4.8%) | $191,343 (6.2%) | 0.00 | 179 |
2018-12-01 | $158,900 (14.3%) | $190,077 (5.8%) | 0.00 | 169 |
2019-01-01 | $158,975 (17.2%) | $194,761 (7.2%) | 0.00 | 150 |
2019-02-01 | $142,475 (-8.7%) | $192,038 (0.0%) | 0.00 | 145 |
2019-03-01 | $152,350 (1.6%) | $196,240 (2.4%) | 0.00 | 124 |
2019-04-01 | $171,975 (8.2%) | $204,974 (3.5%) | 0.00 | 118 |
2019-05-01 | $187,500 (17.6%) | $223,260 (14.1%) | 0.00 | 128 |
2019-06-01 | $169,900 (9.3%) | $220,213 (16.7%) | 0.00 | 133 |
2019-07-01 | $152,500 (2.9%) | $192,972 (3.4%) | 0.00 | 171 |
2019-08-01 | $147,209 (1.5%) | $189,369 (4.9%) | 0.00 | 174 |
2019-09-01 | $143,098 (-1.3%) | $189,130 (2.8%) | 0.00 | 176 |
2019-10-01 | $141,657 (-3.8%) | $192,012 (1.0%) | 0.00 | 179 |
2019-11-01 | $144,000 (-5.2%) | $193,944 (1.4%) | 0.00 | 150 |
2019-12-01 | $141,450 (-11.0%) | $190,599 (0.3%) | 0.00 | 148 |
2020-01-01 | $148,975 (-6.3%) | $198,408 (1.9%) | 0.00 | 137 |
2020-02-01 | $147,200 (3.3%) | $196,186 (2.2%) | 0.00 | 122 |
2020-03-01 | $150,900 (-1.0%) | $205,358 (4.7%) | 0.00 | 127 |
2020-04-01 | $149,450 (-13.1%) | $206,276 (0.6%) | 0.00 | 134 |
2020-05-01 | $147,450 (-21.4%) | $196,203 (-12.1%) | 0.00 | 116 |
2020-06-01 | $146,500 (-13.8%) | $207,435 (-5.8%) | 0.00 | 100 |
2020-07-01 | $140,100 (-8.1%) | $208,335 (8.0%) | 0.00 | 86 |
2020-08-01 | $145,000 (-1.5%) | $217,040 (14.6%) | 0.00 | 79 |
2020-09-01 | $134,825 (-5.8%) | $206,100 (9.0%) | 0.00 | 85 |
2020-10-01 | $122,500 (-13.5%) | $189,729 (-1.2%) | 0.00 | 80 |
2020-11-01 | $123,975 (-13.9%) | $185,361 (-4.4%) | 0.00 | 76 |
2020-12-01 | $114,000 (-19.4%) | $185,550 (-2.7%) | 0.00 | 70 |
2021-01-01 | $127,000 (-14.8%) | $204,301 (3.0%) | 0.00 | 63 |
2021-02-01 | $149,925 (1.9%) | $223,160 (13.8%) | 0.00 | 66 |
2021-03-01 | $147,975 (-1.9%) | $211,608 (3.0%) | 0.00 | 63 |
2021-04-01 | $124,850 (-16.5%) | $176,610 (-14.4%) | 0.00 | 59 |
2021-05-01 | $135,000 (-8.4%) | $194,261 (-1.0%) | 0.00 | 52 |
2021-06-01 | $141,500 (-3.4%) | $207,628 (0.1%) | 0.00 | 54 |
2021-07-01 | $139,900 (-0.1%) | $254,439 (22.1%) | 0.00 | 56 |
2021-08-01 | $126,950 (-12.5%) | $240,075 (10.6%) | 0.00 | 57 |
2021-09-01 | $129,700 (-3.8%) | $226,816 (10.1%) | 0.00 | 67 |
2021-10-01 | $136,000 (11.0%) | $244,000 (28.6%) | 0.00 | 58 |
2021-11-01 | $96,700 (-22.0%) | $195,589 (5.5%) | 0.00 | 73 |
2021-12-01 | $126,225 (10.7%) | $233,275 (25.7%) | 0.00 | 65 |
2022-01-01 | $109,000 (-14.2%) | $241,870 (18.4%) | 0.00 | 49 |
2022-02-01 | $91,000 (-39.3%) | $247,586 (11.0%) | 0.00 | 60 |
2022-03-01 | $98,725 (-33.3%) | $235,072 (11.1%) | 0.00 | 59 |
2022-04-01 | $142,000 (13.7%) | $248,472 (40.7%) | 0.00 | 66 |
2022-05-01 | $129,375 (-4.2%) | $195,050 (0.4%) | 0.00 | 66 |
2022-06-01 | $130,975 (-7.4%) | $201,017 (-3.2%) | 0.00 | 67 |
2022-07-01 | $192,450 (37.6%) | $259,207 (1.9%) | 0.00 | 66 |
2022-08-01 | $209,975 (65.4%) | $290,672 (21.1%) | 0.00 | 65 |
2022-09-01 | $172,200 (32.8%) | $256,739 (13.2%) | 0.00 | 70 |
2022-10-01 | $172,450 (26.8%) | $243,934 (0.0%) | 0.00 | 83 |
2022-11-01 | $180,000 (86.1%) | $240,131 (22.8%) | 0.00 | 87 |
2022-12-01 | $180,000 (42.6%) | $225,168 (-3.5%) | 0.00 | 71 |
2023-01-01 | $204,000 (87.2%) | $254,868 (5.4%) | 0.00 | 64 |
2023-02-01 | $179,250 (97.0%) | $248,127 (0.2%) | 0.00 | 65 |
2023-03-01 | $196,750 (99.3%) | $279,166 (18.8%) | 0.00 | 61 |
2023-04-01 | $204,000 (43.7%) | $285,423 (14.9%) | 0.00 | 64 |
2023-05-01 | $210,200 (62.5%) | $304,068 (55.9%) | 0.00 | 63 |
2023-06-01 | $218,350 (66.7%) | $304,204 (51.3%) | 0.00 | 68 |
2023-07-01 | $240,000 (24.7%) | $310,823 (19.9%) | 0.00 | 75 |
2023-08-01 | $233,625 (11.3%) | $293,546 (1.0%) | 0.00 | 87 |
2023-09-01 | $216,000 (25.4%) | $286,404 (11.6%) | 0.00 | 83 |
2023-10-01 | $229,375 (33.0%) | $293,526 (20.3%) | 0.00 | 91 |
2023-11-01 | $240,000 (33.3%) | $281,454 (17.2%) | 0.00 | 94 |
2023-12-01 | $230,000 (27.8%) | $274,824 (22.1%) | 0.00 | 93 |
2024-01-01 | $220,000 (7.8%) | $275,770 (8.2%) | 0.00 | 85 |
2024-02-01 | $205,750 (14.8%) | $270,903 (9.2%) | 0.00 | 69 |
2024-03-01 | $230,000 (16.9%) | $248,481 (-11.0%) | 0.00 | 72 |
2024-04-01 | $219,500 (7.6%) | $275,933 (-3.3%) | 0.00 | 69 |
2024-05-01 | $236,750 (12.6%) | $275,682 (-9.3%) | 0.00 | 69 |
2024-06-01 | $214,500 (-1.8%) | $259,807 (-14.6%) | 0.00 | 73 |
2024-07-01 | $217,250 (-9.5%) | $276,552 (-11.0%) | 0.00 | 98 |
2024-08-01 | $220,000 (-5.8%) | $268,695 (-8.5%) | 0.00 | 109 |
2024-09-01 | $216,500 (0.2%) | $283,852 (-0.9%) | 0.00 | 109 |
2024-10-01 | $209,500 (-8.7%) | $280,884 (-4.3%) | 0.00 | 105 |
Salina's median listing price comes in at 0% of the national average.
Salina's average listing price for 2024-10-01 was $280,884, a difference of $-12,642 (-4.3%) versus the prior year and $-2,968 versus the prior month.
For the 2024-10-01 period, Salina had 105 MLS listings, a difference of -4 listings (-4%) versus the prior month and 14 listings (15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Salina (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,427 sqft |
2018-02-01 | 0 days | 1,427 sqft |
2018-03-01 | 0 days | 1,443 sqft |
2018-04-01 | 0 days | 1,482 sqft |
2018-05-01 | 0 days | 1,477 sqft |
2018-06-01 | 0 days | 1,496 sqft |
2018-07-01 | 0 days | 1,520 sqft |
2018-08-01 | 0 days | 1,475 sqft |
2018-09-01 | 0 days | 1,478 sqft |
2018-10-01 | 0 days | 1,504 sqft |
2018-11-01 | 0 days | 1,493 sqft |
2018-12-01 | 0 days | 1,494 sqft |
2019-01-01 | 0 days | 1,497 sqft |
2019-02-01 | 0 days | 1,471 sqft |
2019-03-01 | 0 days | 1,511 sqft |
2019-04-01 | 0 days | 1,584 sqft |
2019-05-01 | 0 days | 1,605 sqft |
2019-06-01 | 0 days | 1,551 sqft |
2019-07-01 | 0 days | 1,486 sqft |
2019-08-01 | 0 days | 1,483 sqft |
2019-09-01 | 0 days | 1,466 sqft |
2019-10-01 | 0 days | 1,456 sqft |
2019-11-01 | 0 days | 1,465 sqft |
2019-12-01 | 0 days | 1,434 sqft |
2020-01-01 | 0 days | 1,463 sqft |
2020-02-01 | 0 days | 1,456 sqft |
2020-03-01 | 0 days | 1,468 sqft |
2020-04-01 | 0 days | 1,482 sqft |
2020-05-01 | 0 days | 1,467 sqft |
2020-06-01 | 0 days | 1,468 sqft |
2020-07-01 | 0 days | 1,440 sqft |
2020-08-01 | 0 days | 1,438 sqft |
2020-09-01 | 0 days | 1,442 sqft |
2020-10-01 | 0 days | 1,340 sqft |
2020-11-01 | 0 days | 1,392 sqft |
2020-12-01 | 0 days | 1,356 sqft |
2021-01-01 | 0 days | 1,477 sqft |
2021-02-01 | 0 days | 1,542 sqft |
2021-03-01 | 0 days | 1,424 sqft |
2021-04-01 | 0 days | 1,298 sqft |
2021-05-01 | 0 days | 1,344 sqft |
2021-06-01 | 0 days | 1,438 sqft |
2021-07-01 | 0 days | 1,400 sqft |
2021-08-01 | 0 days | 1,350 sqft |
2021-09-01 | 0 days | 1,375 sqft |
2021-10-01 | 0 days | 1,374 sqft |
2021-11-01 | 0 days | 1,132 sqft |
2021-12-01 | 0 days | 1,229 sqft |
2022-01-01 | 0 days | 1,144 sqft |
2022-02-01 | 0 days | 1,144 sqft |
2022-03-01 | 0 days | 1,144 sqft |
2022-04-01 | 0 days | 1,185 sqft |
2022-05-01 | 0 days | 1,219 sqft |
2022-06-01 | 0 days | 1,197 sqft |
2022-07-01 | 0 days | 1,472 sqft |
2022-08-01 | 0 days | 1,476 sqft |
2022-09-01 | 0 days | 1,390 sqft |
2022-10-01 | 0 days | 1,394 sqft |
2022-11-01 | 0 days | 1,382 sqft |
2022-12-01 | 0 days | 1,364 sqft |
2023-01-01 | 0 days | 1,435 sqft |
2023-02-01 | 0 days | 1,388 sqft |
2023-03-01 | 0 days | 1,441 sqft |
2023-04-01 | 0 days | 1,451 sqft |
2023-05-01 | 0 days | 1,497 sqft |
2023-06-01 | 0 days | 1,570 sqft |
2023-07-01 | 0 days | 1,624 sqft |
2023-08-01 | 0 days | 1,643 sqft |
2023-09-01 | 0 days | 1,597 sqft |
2023-10-01 | 0 days | 1,606 sqft |
2023-11-01 | 0 days | 1,602 sqft |
2023-12-01 | 0 days | 1,526 sqft |
2024-01-01 | 0 days | 1,590 sqft |
2024-02-01 | 0 days | 1,519 sqft |
2024-03-01 | 0 days | 1,488 sqft |
2024-04-01 | 0 days | 1,433 sqft |
2024-05-01 | 0 days | 1,611 sqft |
2024-06-01 | 0 days | 1,600 sqft |
2024-07-01 | 0 days | 1,593 sqft |
2024-08-01 | 0 days | 1,479 sqft |
2024-09-01 | 0 days | 1,506 sqft |
2024-10-01 | 0 days | 1,595 sqft |
Salina's median square footage for active listings during the 2024-10-01 period was 1,595 sqft. One year prior, the average listing was 1,606 sqft.