Scranton FHA Loan Rates, Closing Costs & Stats

SCRANTON--WILKES-BARRE, 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.

    Scranton's 124 lenders originated 1,568 FHA loans during 2024. The total origination value was $309,470,000, with an average FHA loan value of $197,366.

    Scranton FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Scranton averaged 6.81% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Scranton's average FHA mortgage closing costs are $7,195.

    The average rate for the prior week (2025-03-28) was 6.51% and one month ago for the week of 2025-02-28, the average rate was 6.79%.

    The average rate one year ago was 6.71%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.77%.

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

    Scranton 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 Scranton level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 261 6.45% $9,795
    GUILD MORTGAGE COMPANY 89 6.66% $10,366
    CROSSCOUNTRY MORTGAGE, LLC 87 6.68% $10,653
    Century Mortgage Company DBA Century Lending Company 77 6.55% $9,164
    Ixonia Bank 68 6.42% $10,567
    UNITED WHOLESALE MORTGAGE, LLC 63 6.41% $11,388
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 59 6.79% $8,472
    UNITED MORTGAGE CORP 54 6.93% $10,206
    PENNYMAC LOAN SERVICES, LLC 41 6.02% $8,530
    FREEDOM MORTGAGE CORPORATION 41 6.47% $10,456
    SWBC MORTGAGE CORPORATION 36 6.65% $6,675
    ABSOLUTE HOME MORTGAGE CORPORATION 30 6.52% $10,756
    LOANDEPOT.COM, LLC 26 6.59% $10,952
    NEWREZ LLC 22 6.37% $8,627
    Alcova Mortgage LLC 22 6.66% $6,603
    BROKER SOLUTIONS, INC. 21 6.89% $11,647
    MOVEMENT MORTGAGE, LLC 15 6.42% $12,439
    HOMESIDE FINANCIAL, LLC 15 6.55% $10,295
    CARDINAL FINANCIAL 14 6.60% $10,050
    Equity Prime Mortgage LLC 14 6.80% $12,446
    M&T Bank 13 6.33% $8,319
    Mr. Cooper ( Nationstar Mortgage ) 11 6.83% $11,464
    ZILLOW HOME LOANS, LLC 11 6.32% $12,667
    Flagstar Bank, FSB 11 6.53% $10,909
    AMERISAVE MORTGAGE CORPORATION 10 6.33% $13,771
    CMG MORTGAGE, INC. 10 7.06% $10,496
    FIRST COMMUNITY MORTGAGE, INC. 10 6.70% $6,868
    PLANET HOME LENDING, LLC 10 6.37% $7,594
    FIRST HERITAGE FINANCIAL, LLC 9 5.99% $7,594
    MICHIGAN MUTUAL, INC. 8 6.72% $10,436
    UNION HOME MORTGAGE CORP. 8 6.70% $10,320
    AMERICAN FINANCIAL NETWORK, INC. 8 6.77% $9,891
    The Federal Savings Bank 7 6.36% $14,077
    Mortgage Research Center, LLC 7 6.70% $4,788
    Prosperity Home Mortgage, LLC 6 6.25% $11,475
    Citizens Bank 6 6.23% $8,542
    MILEND, INC. 6 6.08% $14,842
    NATIONWIDE MORTGAGE BANKERS, INC. 6 6.58% $13,157
    NFM, INC. 6 6.60% $15,965
    FIRST MORTGAGE COMPANY, INC. 5 6.33% $11,904
    Mortgage America, Inc. 5 6.30% $9,111
    MUTUAL OF OMAHA MORTGAGE, INC. 5 7.18% $9,561
    Wells Fargo Bank 5 6.58% $9,168
    BAY EQUITY LLC 4 7.00% $9,011
    ALLIED MORTGAGE GROUP, INC. 4 6.34% $16,869
    RADIUS FINANCIAL GROUP INC. 4 7.31% $9,654
    RELIANCE FIRST CAPITAL, LLC 4 6.44% $9,738
    VILLAGE CAPITAL MORTGAGE 4 6.88% $4,032
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.47% $9,466
    LAKEVIEW LOAN SERVICING, LLC 4 6.59% $9,106
    East Coast Capital Corp. 4 6.59% $12,275
    Summit Mortgage Corporation 4 6.53% $13,158
    PLAZA HOME MORTGAGE, INC. 4 6.59% $10,313
    PNC Bank 3 6.92% $7,533
    AMERICAN FINANCING CORPORATION 3 5.83% $11,355
    MEMBER FIRST MORTGAGE, LLC 3 6.38% $7,863
    Nations Lending Corporation 3 6.79% $10,533
    JPMorgan Chase Bank 3 6.54% $6,025
    GUARANTEED RATE, INC. 3 6.73% $8,181
    AmeriHome Mortgage Company, LLC 3 6.91% $9,890
    EMM LOANS LLC 2 6.81% $11,323
    Customers Bank 2 5.69% $7,876
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.13% $8,613
    1ST 2ND MORTGAGE COMPANY OF N.J., INC. 2 6.69% $12,405
    Servion, Inc. 2 6.56% $10,810
    NBT Bank 2 6.19% $9,361
    Carrington Mortgage Services, LLC 2 6.69% $11,548
    SUN WEST MORTGAGE COMPANY, INC. 2 6.19% $10,955
    Flanagan State Bank 2 6.94% $11,510
    The Honesdale National Bank 2 6.25% $8,576
    TOWNE MORTGAGE COMPANY 2 7.25% $9,091
    Truist 2 6.43% $8,223
    NORWICH COMMERCIAL GROUP, INC. 2 6.50% $8,945
    MLB RESIDENTIAL LENDING, LLC 2 7.00% $14,577
    Univest Bank and Trust Co. 2 5.69% $11,223
    GUARANTEED RATE AFFINITY, LLC 2 6.05% $10,011
    PHH Mortgage Corporation 2 7.06% $5,817
    Strong Home Mortgage, LLC 1 5.63% $5,231
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $12,000
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $20,985
    TD Bank 1 7.13% $5,046
    Union Savings Bank 1 6.25% $6,716
    Advisors Mortgage Group, L.L.C. 1 6.13% $11,561
    US MORTGAGE CORPORATION 1 6.38% $8,494
    V.I.P. MORTGAGE, INC. 1 6.50% $10,100
    EVERETT FINANCIAL, INC. 1 5.88% $12,008
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $8,679
    First National Bank of Pennsylvania 1 5.88% $8,936
    DAS Acquisition Company, LLC 1 7.25% $10,505
    GREENTREE MORTGAGE COMPANY, L.P. 1 6.63% $6,041
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.63% $15,886
    Cornerstone First Mortgage, Inc 1 6.13% $9,272
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 5.50% $7,425
    INTELLILOAN, INC. 1 5.75% $4,550
    Commerce Home Mortgage, Inc. 1 6.63% $16,065
    JMAC LENDING, INC. 1 5.75% $8,420
    Keystone Funding, Inc. 1 6.75% $13,918
    LIBERTY HOME MORTGAGE CORPORATION 1 8.25% $5,797
    CHURCHILL MORTGAGE CORPORATION 1 7.13% $8,693
    LOANLEADERS OF AMERICA, INC. 1 5.88% $16,993
    Meridian Bank Corporation 1 6.13% $10,982
    MID-ISLAND MORTGAGE CORP. 1 5.75% $19,560
    Waterstone Mortgage Corporation 1 6.63% $13,549
    MORTGAGE EQUITY PARTNERS LLC 1 6.13% $11,712
    Capital Bank 1 6.75% $6,904
    BETTER MORTGAGE CORPORATION 1 6.75% $7,107
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.13% $13,786
    MY MORTGAGE, INC. 1 6.63% $9,157
    Barrington Bank & Trust Company, N.A. 1 7.25% $7,630
    NexBank 1 6.75% $6,445
    Acre Mortgage and Financial Inc 1 6.75% $16,804
    NJ LENDERS CORP. 1 5.75% $6,360
    PANORAMA MORTGAGE GROUP, LLC 1 6.25% $15,115
    Paramount Residential Mortgage Group, Inc. 1 5.75% $9,034
    Bank of America 1 6.50% $7,110
    PENTAGON FEDERAL CREDIT UNION 1 6.25% $9,716
    Plains Commerce Bank 1 6.25% $10,024
    POLARIS HOME FUNDING CORP. 1 6.50% $12,720
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $17,492
    RESIDENTIAL HOME MORTGAGE CORPORATION 1 6.75% $10,554
    ROYAL UNITED MORTGAGE LLC 1 7.25% $8,807
    RUOFF MORTGAGE COMPANY, INC. 1 5.75% $6,755
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $10,080
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.88% $7,319

    The top Scranton FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 261 FHA loans originated. Their average total fees are $9,795, which is $571 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Scranton FHA lenders (with over 10 loans originated) are Alcova Mortgage LLC ($6,603), SWBC MORTGAGE CORPORATION ($6,675), FIRST COMMUNITY MORTGAGE, INC. ($6,868), PLANET HOME LENDING, LLC ($7,594) and M&T Bank ($8,319).

    The lowest rate Scranton FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (6.02%), ZILLOW HOME LOANS, LLC (6.32%), AMERISAVE MORTGAGE CORPORATION (6.33%), M&T Bank (6.33%) and NEWREZ LLC (6.37%).

    Scranton FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    SCRANTON--WILKES-BARRE, PA LACKAWANNA 2022 $420,680 $538,650 $651,050 $809,150
    SCRANTON--WILKES-BARRE, PA LUZERNE 2022 $420,680 $538,650 $651,050 $809,150
    SCRANTON--WILKES-BARRE, PA WYOMING 2022 $420,680 $538,650 $651,050 $809,150
    SCRANTON--WILKES-BARRE, PA LACKAWANNA 2023 $472,030 $604,400 $730,525 $907,900
    SCRANTON--WILKES-BARRE, PA LUZERNE 2023 $472,030 $604,400 $730,525 $907,900
    SCRANTON--WILKES-BARRE, PA WYOMING 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Scranton (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 $133,975 (4.9%) $179,525 (3.9%) 0.50 1,975
    2018-02-01 $135,000 (5.1%) $181,406 (4.4%) 0.49 1,887
    2018-03-01 $139,950 (4.8%) $187,634 (3.6%) 0.49 1,874
    2018-04-01 $145,700 (4.2%) $192,178 (1.9%) 0.49 1,949
    2018-05-01 $149,950 (5.4%) $199,901 (4.8%) 0.50 2,079
    2018-06-01 $159,000 (9.3%) $204,526 (6.7%) 0.53 2,219
    2018-07-01 $159,900 (7.4%) $206,977 (9.8%) 0.53 2,312
    2018-08-01 $158,700 (11.1%) $205,324 (9.2%) 0.53 2,328
    2018-09-01 $154,900 (8.3%) $200,330 (6.8%) 0.52 2,364
    2018-10-01 $149,900 (4.8%) $198,414 (6.4%) 0.51 2,323
    2018-11-01 $149,900 (7.2%) $194,513 (4.6%) 0.51 2,218
    2018-12-01 $144,950 (5.1%) $189,079 (3.8%) 0.50 2,060
    2019-01-01 $145,990 (9.0%) $189,691 (5.7%) 0.50 1,856
    2019-02-01 $146,500 (8.5%) $192,143 (5.9%) 0.49 1,762
    2019-03-01 $151,143 (8.0%) $195,467 (4.2%) 0.49 1,744
    2019-04-01 $154,975 (6.4%) $200,215 (4.2%) 0.49 1,771
    2019-05-01 $159,900 (6.6%) $207,332 (3.7%) 0.50 1,854
    2019-06-01 $160,000 (0.6%) $209,907 (2.6%) 0.50 1,970
    2019-07-01 $159,950 (0.0%) $210,807 (1.9%) 0.50 2,074
    2019-08-01 $159,382 (0.4%) $208,764 (1.7%) 0.50 2,083
    2019-09-01 $158,605 (2.4%) $206,430 (3.1%) 0.51 2,088
    2019-10-01 $158,000 (5.4%) $204,591 (3.1%) 0.51 2,072
    2019-11-01 $158,500 (5.7%) $205,900 (5.9%) 0.52 1,898
    2019-12-01 $152,450 (5.2%) $202,673 (7.2%) 0.51 1,718
    2020-01-01 $149,900 (2.7%) $197,124 (3.9%) 0.50 1,567
    2020-02-01 $150,000 (2.4%) $197,643 (2.9%) 0.49 1,533
    2020-03-01 $156,950 (3.8%) $198,594 (1.6%) 0.49 1,485
    2020-04-01 $159,900 (3.2%) $205,856 (2.8%) 0.50 1,381
    2020-05-01 $165,000 (3.2%) $210,017 (1.3%) 0.50 1,340
    2020-06-01 $170,800 (6.8%) $217,534 (3.6%) 0.50 1,258
    2020-07-01 $175,000 (9.4%) $240,322 (14.0%) 0.51 1,096
    2020-08-01 $184,900 (16.0%) $247,605 (18.6%) 0.53 1,025
    2020-09-01 $182,400 (15.0%) $253,941 (23.0%) 0.52 975
    2020-10-01 $185,000 (17.1%) $258,754 (26.5%) 0.53 975
    2020-11-01 $179,900 (13.5%) $256,699 (24.7%) 0.53 923
    2020-12-01 $179,450 (17.7%) $254,769 (25.7%) 0.53 856
    2021-01-01 $169,250 (12.9%) $246,626 (25.1%) 0.51 755
    2021-02-01 $175,950 (17.3%) $257,955 (30.5%) 0.51 598
    2021-03-01 $182,500 (16.3%) $274,447 (38.2%) 0.52 523
    2021-04-01 $189,450 (18.5%) $279,815 (35.9%) 0.51 518
    2021-05-01 $197,250 (19.6%) $294,917 (40.4%) 0.52 572
    2021-06-01 $197,500 (15.6%) $295,015 (35.6%) 0.52 714
    2021-07-01 $199,900 (14.2%) $282,180 (17.4%) 0.53 809
    2021-08-01 $198,875 (7.6%) $275,819 (11.4%) 0.53 832
    2021-09-01 $191,575 (5.0%) $273,582 (7.7%) 0.51 835
    2021-10-01 $179,000 (-3.2%) $263,470 (1.8%) 0.48 833
    2021-11-01 $175,000 (-2.7%) $260,370 (1.4%) 0.47 762
    2021-12-01 $175,000 (-2.5%) $262,608 (3.1%) 0.47 676
    2022-01-01 $175,000 (3.4%) $263,859 (7.0%) 0.47 576
    2022-02-01 $179,450 (2.0%) $286,744 (11.2%) 0.47 421
    2022-03-01 $188,450 (3.3%) $296,576 (8.1%) 0.47 417
    2022-04-01 $217,000 (14.5%) $306,663 (9.6%) 0.52 447
    2022-05-01 $219,225 (11.1%) $307,869 (4.4%) 0.50 513
    2022-06-01 $225,000 (13.9%) $309,141 (4.8%) 0.50 640
    2022-07-01 $229,000 (14.6%) $311,957 (10.6%) 0.52 746
    2022-08-01 $225,000 (13.1%) $302,117 (9.5%) 0.52 798
    2022-09-01 $227,000 (18.5%) $302,322 (10.5%) 0.53 793
    2022-10-01 $225,000 (25.7%) $301,407 (14.4%) 0.53 822
    2022-11-01 $219,950 (25.7%) $289,023 (11.0%) 0.53 872
    2022-12-01 $215,000 (22.9%) $295,432 (12.5%) 0.53 797
    2023-01-01 $217,450 (24.3%) $297,126 (12.6%) 0.54 673
    2023-02-01 $217,000 (20.9%) $293,096 (2.2%) 0.52 597
    2023-03-01 $229,450 (21.8%) $311,231 (4.9%) 0.54 555
    2023-04-01 $235,000 (8.3%) $312,617 (1.9%) 0.55 565
    2023-05-01 $242,000 (10.4%) $314,296 (2.1%) 0.55 599
    2023-06-01 $250,000 (11.1%) $331,495 (7.2%) 0.56 648
    2023-07-01 $249,900 (9.1%) $328,408 (5.3%) 0.57 719
    2023-08-01 $240,000 (6.7%) $321,762 (6.5%) 0.55 777
    2023-09-01 $239,900 (5.7%) $310,617 (2.7%) 0.56 792
    2023-10-01 $239,495 (6.4%) $305,659 (1.4%) 0.56 818
    2023-11-01 $237,000 (7.8%) $299,895 (3.8%) 0.56 852
    2023-12-01 $240,000 (11.6%) $308,303 (4.4%) 0.59 831
    2024-01-01 $232,500 (6.9%) $292,117 (-1.7%) 0.57 741
    2024-02-01 $229,900 (5.9%) $284,464 (-3.0%) 0.55 692
    2024-03-01 $234,450 (2.2%) $293,956 (-5.6%) 0.55 651
    2024-04-01 $242,450 (3.2%) $305,103 (-2.4%) 0.56 630
    2024-05-01 $254,950 (5.4%) $326,657 (3.9%) 0.58 658
    2024-06-01 $255,000 (2.0%) $329,294 (-0.7%) 0.58 766
    2024-07-01 $259,500 (3.8%) $336,819 (2.6%) 0.59 854
    2024-08-01 $249,900 (4.1%) $335,746 (4.4%) 0.58 909
    2024-09-01 $243,450 (1.5%) $331,736 (6.8%) 0.57 993
    2024-10-01 $249,500 (4.2%) $335,618 (9.8%) 0.59 992
    2024-11-01 $250,250 (5.6%) $337,487 (12.5%) 0.60 981
    2024-12-01 $249,950 (4.2%) $338,433 (9.8%) 0.62 902
    2025-01-01 $250,000 (7.5%) $339,106 (16.1%) 0.62 824
    2025-02-01 $247,450 (7.6%) $332,595 (16.9%) 0.60 793
    2025-03-01 $249,900 (6.6%) $336,260 (14.4%) 0.00 779
    Scranton's median listing price for 2025-03-01 was $249,900, a difference of $15,450 (6.6%) versus the prior year and $2,450 versus the prior month.

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

    Scranton's average listing price for 2025-03-01 was $336,260, a difference of $42,304 (14.4%) versus the prior year and $3,665 versus the prior month.

    For the 2025-03-01 period, Scranton had 779 MLS listings, a difference of -14 listings (-2%) versus the prior month and 128 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Scranton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 101 days 1,750 sqft
    2018-02-01 107 days 1,734 sqft
    2018-03-01 96 days 1,760 sqft
    2018-04-01 72 days 1,781 sqft
    2018-05-01 64 days 1,840 sqft
    2018-06-01 61 days 1,869 sqft
    2018-07-01 64 days 1,862 sqft
    2018-08-01 70 days 1,840 sqft
    2018-09-01 79 days 1,844 sqft
    2018-10-01 83 days 1,808 sqft
    2018-11-01 87 days 1,798 sqft
    2018-12-01 96 days 1,761 sqft
    2019-01-01 103 days 1,765 sqft
    2019-02-01 109 days 1,770 sqft
    2019-03-01 94 days 1,788 sqft
    2019-04-01 71 days 1,831 sqft
    2019-05-01 61 days 1,845 sqft
    2019-06-01 62 days 1,842 sqft
    2019-07-01 66 days 1,825 sqft
    2019-08-01 71 days 1,833 sqft
    2019-09-01 76 days 1,848 sqft
    2019-10-01 80 days 1,858 sqft
    2019-11-01 84 days 1,847 sqft
    2019-12-01 97 days 1,840 sqft
    2020-01-01 105 days 1,800 sqft
    2020-02-01 103 days 1,800 sqft
    2020-03-01 78 days 1,800 sqft
    2020-04-01 91 days 1,800 sqft
    2020-05-01 99 days 1,805 sqft
    2020-06-01 93 days 1,833 sqft
    2020-07-01 52 days 1,861 sqft
    2020-08-01 49 days 1,849 sqft
    2020-09-01 46 days 1,823 sqft
    2020-10-01 44 days 1,856 sqft
    2020-11-01 52 days 1,816 sqft
    2020-12-01 62 days 1,800 sqft
    2021-01-01 72 days 1,745 sqft
    2021-02-01 70 days 1,778 sqft
    2021-03-01 54 days 1,800 sqft
    2021-04-01 35 days 1,811 sqft
    2021-05-01 29 days 1,805 sqft
    2021-06-01 28 days 1,804 sqft
    2021-07-01 30 days 1,800 sqft
    2021-08-01 35 days 1,817 sqft
    2021-09-01 39 days 1,817 sqft
    2021-10-01 41 days 1,770 sqft
    2021-11-01 44 days 1,749 sqft
    2021-12-01 55 days 1,740 sqft
    2022-01-01 61 days 1,770 sqft
    2022-02-01 58 days 1,768 sqft
    2022-03-01 38 days 1,777 sqft
    2022-04-01 26 days 1,812 sqft
    2022-05-01 28 days 1,837 sqft
    2022-06-01 29 days 1,797 sqft
    2022-07-01 33 days 1,824 sqft
    2022-08-01 39 days 1,809 sqft
    2022-09-01 44 days 1,837 sqft
    2022-10-01 46 days 1,872 sqft
    2022-11-01 47 days 1,797 sqft
    2022-12-01 63 days 1,777 sqft
    2023-01-01 77 days 1,771 sqft
    2023-02-01 76 days 1,737 sqft
    2023-03-01 57 days 1,791 sqft
    2023-04-01 42 days 1,800 sqft
    2023-05-01 39 days 1,829 sqft
    2023-06-01 37 days 1,857 sqft
    2023-07-01 38 days 1,851 sqft
    2023-08-01 39 days 1,838 sqft
    2023-09-01 41 days 1,824 sqft
    2023-10-01 43 days 1,824 sqft
    2023-11-01 45 days 1,800 sqft
    2023-12-01 54 days 1,791 sqft
    2024-01-01 70 days 1,747 sqft
    2024-02-01 65 days 1,716 sqft
    2024-03-01 49 days 1,722 sqft
    2024-04-01 42 days 1,764 sqft
    2024-05-01 33 days 1,775 sqft
    2024-06-01 37 days 1,761 sqft
    2024-07-01 41 days 1,802 sqft
    2024-08-01 43 days 1,774 sqft
    2024-09-01 45 days 1,757 sqft
    2024-10-01 49 days 1,782 sqft
    2024-11-01 52 days 1,800 sqft
    2024-12-01 63 days 1,774 sqft
    2025-01-01 69 days 1,754 sqft
    2025-02-01 64 days 1,743 sqft
    2025-03-01 0 days 1,757 sqft
    Scranton's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Scranton's median square footage for active listings during the 2025-03-01 period was 1,757 sqft. One year prior, the average listing was 1,722 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).