Sayre FHA Loan Rates, Closing Costs & Stats

Sayre, PA

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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.

    Sayre's 28 lenders originated 109 FHA loans during 2023. The total origination value was $17,635,000, with an average FHA loan value of $161,789.

    Sayre FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Sayre averaged 6.67% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Sayre's average FHA mortgage closing costs are $6,957.

    The average rate for the prior week (2024-04-12) was 6.96% and one month ago for the week of 2024-03-15, the average rate was 6.73%.

    The average rate one year ago was 6.26%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Sayre 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 Sayre level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 45 6.45% $8,777
    QUICKEN LOANS, LLC 14 6.25% $9,845
    UNITED WHOLESALE MORTGAGE, LLC 6 5.79% $9,942
    Ixonia Bank 6 7.19% $9,092
    Barrington Bank & Trust Company, N.A. 3 6.75% $8,713
    MOVEMENT MORTGAGE, LLC 3 6.63% $8,579
    Mortgage Research Center, LLC 2 6.94% $4,984
    FREEDOM MORTGAGE CORPORATION 2 6.75% $7,022
    PENNYMAC LOAN SERVICES, LLC 2 7.06% $10,188
    UNION HOME MORTGAGE CORP. 1 6.50% $4,925
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 7.00% $4,870
    HOMESIDE FINANCIAL, LLC 1 6.63% $9,845
    CMG MORTGAGE, INC. 1 7.25% $12,714
    LIBERTY HOME MORTGAGE CORPORATION 1 6.75% $10,143
    ALLIED MORTGAGE GROUP, INC. 1 5.75% $8,909
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $11,335
    BROKER SOLUTIONS, INC. 1 7.13% $7,721
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $8,971
    M&T Bank 1 6.50% $6,857
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $5,306
    NEWREZ LLC 1 6.75% $8,607
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $9,854
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $10,883
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.25% $5,999
    SWBC MORTGAGE CORPORATION 1 6.63% $3,854
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.63% $10,196
    CROSSCOUNTRY MORTGAGE, LLC 1 6.19% $7,139
    Equity Prime Mortgage LLC 1 7.25% $11,288

    The top Sayre FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 45 FHA loans originated. Their average total fees are $8,777, which is $1,068 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Sayre FHA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($8,777), QUICKEN LOANS, LLC ($9,845), .

    The lowest rate Sayre FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.25%), GUILD MORTGAGE COMPANY (6.45%), .

    Sayre FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sayre (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 $144,600 (-3.6%) $184,664 (-1.0%) 0.00 260
    2018-02-01 $140,000 (-7.4%) $181,725 (-2.1%) 0.00 264
    2018-03-01 $136,700 (-12.6%) $176,382 (-8.7%) 0.00 261
    2018-04-01 $144,000 (-9.3%) $175,983 (-10.6%) 0.00 258
    2018-05-01 $143,000 (-7.2%) $175,649 (-11.2%) 0.00 269
    2018-06-01 $156,500 (1.0%) $182,977 (-5.6%) 0.00 296
    2018-07-01 $159,900 (4.2%) $187,635 (-2.5%) 0.00 308
    2018-08-01 $157,750 (1.7%) $188,597 (-3.4%) 0.00 315
    2018-09-01 $151,200 (0.8%) $186,182 (-2.6%) 0.00 323
    2018-10-01 $149,900 (0.0%) $182,870 (-1.7%) 0.00 307
    2018-11-01 $154,250 (2.9%) $185,063 (0.0%) 0.00 302
    2018-12-01 $150,000 (3.7%) $184,071 (1.0%) 0.00 283
    2019-01-01 $144,925 (0.2%) $182,403 (-1.2%) 0.00 269
    2019-02-01 $151,200 (8.0%) $185,506 (2.1%) 0.00 256
    2019-03-01 $161,286 (18.0%) $191,194 (8.4%) 0.00 257
    2019-04-01 $164,536 (14.3%) $196,582 (11.7%) 0.00 258
    2019-05-01 $165,000 (15.4%) $203,015 (15.6%) 0.00 244
    2019-06-01 $162,400 (3.8%) $199,026 (8.8%) 0.00 255
    2019-07-01 $156,163 (-2.3%) $195,931 (4.4%) 0.00 260
    2019-08-01 $156,991 (-0.5%) $196,091 (4.0%) 0.00 259
    2019-09-01 $158,627 (4.9%) $198,692 (6.7%) 0.00 257
    2019-10-01 $161,150 (7.5%) $200,690 (9.7%) 0.00 256
    2019-11-01 $175,000 (13.5%) $203,995 (10.2%) 0.00 246
    2019-12-01 $182,000 (21.3%) $207,381 (12.7%) 0.00 223
    2020-01-01 $175,000 (20.8%) $206,238 (13.1%) 0.00 221
    2020-02-01 $179,500 (18.7%) $207,424 (11.8%) 0.00 229
    2020-03-01 $184,925 (14.7%) $209,186 (9.4%) 0.00 212
    2020-04-01 $186,500 (13.4%) $213,382 (8.6%) 0.00 204
    2020-05-01 $189,000 (14.6%) $216,508 (6.7%) 0.00 203
    2020-06-01 $189,250 (16.5%) $209,715 (5.4%) 0.00 202
    2020-07-01 $189,125 (21.1%) $213,396 (8.9%) 0.00 200
    2020-08-01 $185,000 (17.8%) $210,191 (7.2%) 0.00 211
    2020-09-01 $178,000 (12.2%) $208,125 (4.8%) 0.00 189
    2020-10-01 $159,900 (-0.8%) $202,007 (0.7%) 0.00 174
    2020-11-01 $159,900 (-8.6%) $204,354 (0.2%) 0.00 171
    2020-12-01 $174,950 (-3.9%) $217,839 (5.0%) 0.00 166
    2021-01-01 $174,900 (-0.1%) $222,298 (7.8%) 0.00 143
    2021-02-01 $172,050 (-4.2%) $242,661 (17.0%) 0.00 123
    2021-03-01 $179,350 (-3.0%) $248,127 (18.6%) 0.00 118
    2021-04-01 $185,975 (-0.3%) $252,754 (18.5%) 0.00 113
    2021-05-01 $198,500 (5.0%) $255,612 (18.1%) 0.00 111
    2021-06-01 $190,950 (0.9%) $249,456 (19.0%) 0.00 113
    2021-07-01 $184,950 (-2.2%) $241,064 (13.0%) 0.00 121
    2021-08-01 $180,700 (-2.3%) $250,097 (19.0%) 0.00 123
    2021-09-01 $185,000 (3.9%) $255,444 (22.7%) 0.00 125
    2021-10-01 $185,000 (15.7%) $245,688 (21.6%) 0.00 118
    2021-11-01 $189,225 (18.3%) $265,906 (30.1%) 0.00 122
    2021-12-01 $189,450 (8.3%) $273,899 (25.7%) 0.00 105
    2022-01-01 $199,000 (13.8%) $267,834 (20.5%) 0.00 86
    2022-02-01 $209,829 (22.0%) $272,829 (12.4%) 0.00 77
    2022-03-01 $199,725 (11.4%) $265,864 (7.2%) 0.00 75
    2022-04-01 $196,750 (5.8%) $254,640 (0.8%) 0.00 71
    2022-05-01 $201,975 (1.8%) $266,256 (4.2%) 0.00 71
    2022-06-01 $199,900 (4.7%) $267,642 (7.3%) 0.00 87
    2022-07-01 $193,700 (4.7%) $266,798 (10.7%) 0.00 97
    2022-08-01 $196,975 (9.0%) $269,957 (7.9%) 0.00 97
    2022-09-01 $197,000 (6.5%) $275,494 (7.9%) 0.00 102
    2022-10-01 $199,900 (8.1%) $280,242 (14.1%) 0.00 118
    2022-11-01 $207,400 (9.6%) $281,774 (6.0%) 0.00 110
    2022-12-01 $195,500 (3.2%) $275,885 (0.7%) 0.00 98
    2023-01-01 $217,835 (9.5%) $282,367 (5.4%) 0.00 80
    2023-02-01 $212,885 (1.5%) $289,591 (6.1%) 0.00 65
    2023-03-01 $184,625 (-7.6%) $245,072 (-7.8%) 0.00 67
    2023-04-01 $191,500 (-2.7%) $283,334 (11.3%) 0.00 55
    2023-05-01 $224,250 (11.0%) $293,943 (10.4%) 0.00 59
    2023-06-01 $198,625 (-0.6%) $276,934 (3.5%) 0.00 65
    2023-07-01 $200,000 (3.3%) $268,375 (0.6%) 0.00 75
    2023-08-01 $189,500 (-3.8%) $258,930 (-4.1%) 0.00 67
    2023-09-01 $198,000 (0.5%) $257,531 (-6.5%) 0.00 71
    2023-10-01 $199,750 (-0.1%) $272,697 (-2.7%) 0.00 69
    2023-11-01 $235,175 (13.4%) $280,343 (-0.5%) 0.00 69
    2023-12-01 $219,950 (12.5%) $267,341 (-3.1%) 0.00 64
    2024-01-01 $205,950 (-5.5%) $268,373 (-5.0%) 0.00 64
    2024-02-01 $196,500 (-7.7%) $271,334 (-6.3%) 0.00 55
    2024-03-01 $225,000 (21.9%) $281,597 (14.9%) 0.00 54
    Sayre's median listing price for 2024-03-01 was $225,000, a difference of $40,375 (21.9%) versus the prior year and $28,500 versus the prior month.

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

    Sayre's average listing price for 2024-03-01 was $281,597, a difference of $36,525 (14.9%) versus the prior year and $10,263 versus the prior month.

    For the 2024-03-01 period, Sayre had 54 MLS listings, a difference of -1 listings (-2%) versus the prior month and -13 listings (-19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sayre (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,764 sqft
    2018-02-01 0 days 1,750 sqft
    2018-03-01 0 days 1,761 sqft
    2018-04-01 0 days 1,777 sqft
    2018-05-01 0 days 1,814 sqft
    2018-06-01 0 days 1,827 sqft
    2018-07-01 0 days 1,821 sqft
    2018-08-01 0 days 1,814 sqft
    2018-09-01 0 days 1,800 sqft
    2018-10-01 0 days 1,754 sqft
    2018-11-01 0 days 1,730 sqft
    2018-12-01 0 days 1,738 sqft
    2019-01-01 0 days 1,721 sqft
    2019-02-01 0 days 1,728 sqft
    2019-03-01 0 days 1,786 sqft
    2019-04-01 0 days 1,838 sqft
    2019-05-01 0 days 1,825 sqft
    2019-06-01 0 days 1,818 sqft
    2019-07-01 0 days 1,831 sqft
    2019-08-01 0 days 1,804 sqft
    2019-09-01 0 days 1,811 sqft
    2019-10-01 0 days 1,815 sqft
    2019-11-01 0 days 1,907 sqft
    2019-12-01 0 days 1,863 sqft
    2020-01-01 0 days 1,874 sqft
    2020-02-01 0 days 1,920 sqft
    2020-03-01 0 days 1,908 sqft
    2020-04-01 0 days 1,913 sqft
    2020-05-01 0 days 1,930 sqft
    2020-06-01 0 days 2,038 sqft
    2020-07-01 0 days 2,006 sqft
    2020-08-01 0 days 1,870 sqft
    2020-09-01 0 days 1,879 sqft
    2020-10-01 0 days 1,819 sqft
    2020-11-01 0 days 1,785 sqft
    2020-12-01 0 days 1,819 sqft
    2021-01-01 0 days 1,790 sqft
    2021-02-01 0 days 1,767 sqft
    2021-03-01 0 days 1,917 sqft
    2021-04-01 0 days 1,920 sqft
    2021-05-01 0 days 1,927 sqft
    2021-06-01 0 days 1,919 sqft
    2021-07-01 0 days 1,920 sqft
    2021-08-01 0 days 1,954 sqft
    2021-09-01 0 days 1,948 sqft
    2021-10-01 0 days 1,942 sqft
    2021-11-01 0 days 1,951 sqft
    2021-12-01 0 days 1,908 sqft
    2022-01-01 0 days 1,872 sqft
    2022-02-01 0 days 1,968 sqft
    2022-03-01 0 days 1,883 sqft
    2022-04-01 0 days 1,798 sqft
    2022-05-01 0 days 1,851 sqft
    2022-06-01 0 days 1,825 sqft
    2022-07-01 0 days 1,810 sqft
    2022-08-01 0 days 1,806 sqft
    2022-09-01 0 days 1,773 sqft
    2022-10-01 0 days 1,728 sqft
    2022-11-01 0 days 1,842 sqft
    2022-12-01 0 days 1,824 sqft
    2023-01-01 0 days 1,841 sqft
    2023-02-01 0 days 1,876 sqft
    2023-03-01 0 days 1,974 sqft
    2023-04-01 0 days 1,981 sqft
    2023-05-01 0 days 1,879 sqft
    2023-06-01 0 days 1,843 sqft
    2023-07-01 0 days 1,887 sqft
    2023-08-01 0 days 1,989 sqft
    2023-09-01 0 days 1,950 sqft
    2023-10-01 0 days 1,926 sqft
    2023-11-01 0 days 1,955 sqft
    2023-12-01 0 days 1,881 sqft
    2024-01-01 0 days 1,769 sqft
    2024-02-01 0 days 1,760 sqft
    2024-03-01 0 days 1,778 sqft
    Sayre's median listing age (time on market) for 2024-03-01 was 0 days.

    Sayre's median square footage for active listings during the 2024-03-01 period was 1,778 sqft. One year prior, the average listing was 1,974 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).