Sebring FHA Loan Rates, Closing Costs & Stats

SEBRING-AVON PARK, FL

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.

Sebring's 93 lenders originated 426 FHA loans during 2023. The total origination value was $92,630,000, with an average FHA loan value of $217,441.

Sebring FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Sebring averaged 7.03% for the week of 2024-05-24, compared to the national average (all FHA variants) of 6.746% for the same period.

Sebring's average FHA mortgage closing costs are $7,589.

The average rate for the prior week (2024-05-17) was 6.62% and one month ago for the week of 2024-04-19, the average rate was 7.14%.

The average rate one year ago was 6.77%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.65%.

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

Sebring 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 Sebring level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 64 6.51% $11,420
QUICKEN LOANS, LLC 34 6.15% $9,726
LEADERONE FINANCIAL CORPORATION 25 6.95% $9,829
FREEDOM MORTGAGE CORPORATION 16 6.90% $11,349
HOME SOLUTION LENDERS INC. 14 5.72% $17,988
LOANDEPOT.COM, LLC 12 6.61% $9,856
FBC MORTGAGE, LLC 10 5.93% $10,531
Bell Bank 10 6.41% $8,716
Flagstar Bank, FSB 10 6.09% $12,322
THE MORTGAGE FIRM, INC. 9 6.50% $9,669
CROSSCOUNTRY MORTGAGE, LLC 8 6.88% $10,862
Equity Prime Mortgage LLC 7 7.04% $10,664
TOWNE MORTGAGE COMPANY 6 6.25% $11,770
BROKER SOLUTIONS, INC. 6 6.90% $9,778
NEWREZ LLC 6 6.25% $11,009
Plains Commerce Bank 5 6.78% $15,004
Nations Lending Corporation 5 6.80% $11,737
AMERISAVE MORTGAGE CORPORATION 5 5.90% $15,447
Paramount Residential Mortgage Group, Inc. 4 6.56% $18,391
PENNYMAC LOAN SERVICES, LLC 4 6.28% $11,490
Mr. Cooper ( Nationstar Mortgage ) 4 6.31% $12,779
MUTUAL OF OMAHA MORTGAGE, INC. 4 6.63% $10,791
MY MORTGAGE, INC. 3 6.96% $18,955
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 7.33% $10,041
CARDINAL FINANCIAL 3 6.29% $14,594
MOVEMENT MORTGAGE, LLC 3 6.71% $7,894
Sierra Pacific Mortgage Company, Inc. 3 6.13% $11,017
LAKEVIEW LOAN SERVICING, LLC 3 6.21% $11,096
LOANPAL, LLC 2 6.31% $8,475
GARDNER FINANCIAL SERVICES, LTD. 2 7.38% $9,686
South State Bank 2 6.25% $7,321
Carrington Mortgage Services, LLC 2 5.63% $12,353
Century Mortgage Company DBA Century Lending Company 2 6.62% $16,059
Citizens Bank 2 6.88% $8,733
AMCAP MORTGAGE, LTD. 2 6.63% $10,545
NTFN, INC. 2 6.25% $9,612
AMERICAN FINANCING CORPORATION 2 7.13% $10,051
GENEVA FINANCIAL, LLC 2 6.31% $11,883
Mortgage Lenders Investment Trading Corporation 2 8.25% $11,238
ZILLOW HOME LOANS, LLC 2 6.13% $11,383
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.00% $11,130
EVERETT FINANCIAL, INC. 2 7.13% $9,796
CALIBER HOME LOANS, INC. 2 6.00% $13,503
Waterstone Mortgage Corporation 2 6.88% $9,943
GUARANTEED RATE, INC. 2 6.50% $7,595
RELIANCE FIRST CAPITAL, LLC 2 6.69% $14,122
Willamette Valley Bank 1 6.13% $6,944
The Federal Savings Bank 1 6.13% $11,824
ACOPIA, LLC 1 7.50% $9,667
Acre Mortgage and Financial Inc 1 7.13% $20,233
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $10,565
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.00% $11,080
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $16,206
Barrington Bank & Trust Company, N.A. 1 6.75% $9,665
CANOPY MORTGAGE, LLC 1 7.25% $8,013
CMG MORTGAGE, INC. 1 6.25% $9,571
Cornerstone First Mortgage, Inc 1 6.25% $12,629
First Option Mortgage, LLC 1 6.63% $14,239
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.50% $10,576
GUILD MORTGAGE COMPANY 1 6.25% $7,994
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.13% $13,763
HOMESIDE FINANCIAL, LLC 1 6.63% $14,667
INSPIRE HOME LOANS INC. 1 4.88% $16,383
Integrity Home Mortgage Corp 1 7.25% $10,093
Ixonia Bank 1 6.75% $10,941
JMAC LENDING, INC. 1 6.38% $14,955
JPMorgan Chase Bank 1 7.13% $3,425
Loan Simple, Inc. 1 7.25% $10,704
Magnolia Bank 1 7.25% $9,311
Midwest Mortgage Associates Corporation 1 6.75% $9,584
MORTGAGE EQUITY PARTNERS LLC 1 6.13% $16,216
MORTGAGE INVESTORS GROUP, INC. 1 6.13% $7,146
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.13% $12,629
NATION ONE MORTGAGE CORPORATION 1 6.63% $15,882
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.25% $14,365
NFM, INC. 1 7.63% $10,663
Northpointe Bank 1 7.25% $11,118
OCMBC, INC. 1 7.13% $8,428
PENTAGON FEDERAL CREDIT UNION 1 5.88% $7,407
PLAZA HOME MORTGAGE, INC. 1 7.25% $14,649
POLARIS HOME FUNDING CORP. 1 6.25% $10,719
PREMIER MORTGAGE RESOURCES, L.L.C. 1 3.50% $3,614
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $12,496
Semper Home Loans, Inc. 1 6.25% $15,270
STOCKTON MORTGAGE CORPORATION 1 6.63% $9,088
SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $7,441
Synovus Bank 1 7.63% $11,016
ABSOLUTE HOME MORTGAGE CORPORATION 1 8.13% $17,629
TOTAL MORTGAGE SERVICES, LLC 1 6.50% $11,255
VAN DYK MORTGAGE CORPORATION 1 6.88% $4,951
VILLAGE CAPITAL MORTGAGE 1 6.38% $17,339
V.I.P. MORTGAGE, INC. 1 8.13% $18,471
Wells Fargo Bank 1 5.25% $6,586

The top Sebring FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 64 FHA loans originated. Their average total fees are $11,420, which is $1,694 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Sebring FHA lenders (with over 10 loans originated) are Bell Bank ($8,716), QUICKEN LOANS, LLC ($9,726), LEADERONE FINANCIAL CORPORATION ($9,829), LOANDEPOT.COM, LLC ($9,856) and FBC MORTGAGE, LLC ($10,531).

The lowest rate Sebring FHA lenders (with over 10 loans originated) are HOME SOLUTION LENDERS INC. (5.72%), FBC MORTGAGE, LLC (5.93%), Flagstar Bank, FSB (6.09%), QUICKEN LOANS, LLC (6.15%) and Bell Bank (6.41%).

Sebring FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
SEBRING-AVON PARK, FL HIGHLANDS 2022 $420,680 $538,650 $651,050 $809,150
SEBRING-AVON PARK, FL HIGHLANDS 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sebring (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 $174,900 (1.6%) $206,309 (-5.6%) 0.00 550
2018-02-01 $179,450 (2.6%) $214,871 (-2.8%) 0.00 562
2018-03-01 $179,000 (2.6%) $217,322 (-1.1%) 0.00 537
2018-04-01 $175,675 (0.4%) $218,815 (-2.1%) 0.00 533
2018-05-01 $179,000 (2.3%) $223,195 (-0.4%) 0.00 512
2018-06-01 $186,500 (4.3%) $231,946 (2.4%) 0.00 497
2018-07-01 $193,350 (13.8%) $240,071 (8.8%) 0.00 504
2018-08-01 $188,500 (11.4%) $232,906 (7.9%) 0.00 523
2018-09-01 $185,000 (5.8%) $222,439 (2.0%) 0.00 564
2018-10-01 $179,950 (5.2%) $221,921 (2.7%) 0.00 577
2018-11-01 $184,950 (5.8%) $233,047 (8.8%) 0.00 595
2018-12-01 $186,000 (9.5%) $238,600 (15.9%) 0.00 660
2019-01-01 $185,450 (6.0%) $238,202 (15.5%) 0.00 653
2019-02-01 $184,950 (3.1%) $240,888 (12.1%) 0.00 683
2019-03-01 $184,943 (3.3%) $237,751 (9.4%) 0.00 670
2019-04-01 $186,000 (5.9%) $237,401 (8.5%) 0.00 631
2019-05-01 $185,000 (3.4%) $235,440 (5.5%) 0.00 605
2019-06-01 $189,000 (1.3%) $233,407 (0.6%) 0.00 535
2019-07-01 $186,225 (-3.7%) $231,505 (-3.6%) 0.00 521
2019-08-01 $185,427 (-1.6%) $230,851 (-0.9%) 0.00 526
2019-09-01 $182,318 (-1.5%) $231,209 (3.9%) 0.00 528
2019-10-01 $179,900 (0.0%) $231,339 (4.2%) 0.00 538
2019-11-01 $184,900 (0.0%) $230,672 (-1.0%) 0.00 542
2019-12-01 $189,900 (2.1%) $239,071 (0.2%) 0.00 543
2020-01-01 $194,222 (4.7%) $244,578 (2.7%) 0.00 515
2020-02-01 $191,947 (3.8%) $237,999 (-1.2%) 0.00 536
2020-03-01 $194,925 (5.4%) $238,920 (0.5%) 0.00 546
2020-04-01 $185,000 (-0.5%) $229,218 (-3.5%) 0.00 533
2020-05-01 $185,000 (0.0%) $229,652 (-2.5%) 0.00 471
2020-06-01 $182,313 (-3.5%) $228,868 (-1.9%) 0.00 431
2020-07-01 $187,750 (0.8%) $225,263 (-2.7%) 0.00 376
2020-08-01 $194,900 (5.1%) $234,392 (1.5%) 0.00 340
2020-09-01 $197,725 (8.5%) $240,907 (4.2%) 0.00 308
2020-10-01 $185,450 (3.1%) $236,656 (2.3%) 0.00 294
2020-11-01 $198,250 (7.2%) $242,762 (5.2%) 0.00 286
2020-12-01 $198,450 (4.5%) $247,079 (3.4%) 0.00 293
2021-01-01 $195,000 (0.4%) $255,166 (4.3%) 0.00 304
2021-02-01 $199,900 (4.1%) $255,159 (7.2%) 0.00 288
2021-03-01 $216,950 (11.3%) $267,155 (11.8%) 0.00 262
2021-04-01 $208,675 (12.8%) $285,775 (24.7%) 0.00 208
2021-05-01 $224,950 (21.6%) $296,262 (29.0%) 0.00 197
2021-06-01 $224,950 (23.4%) $4,352,803 (1,801.9%) 0.00 196
2021-07-01 $234,900 (25.1%) $3,840,152 (1,604.7%) 0.00 238
2021-08-01 $249,925 (28.2%) $319,245 (36.2%) 0.00 256
2021-09-01 $252,450 (27.7%) $319,617 (32.7%) 0.00 246
2021-10-01 $249,900 (34.8%) $316,764 (33.9%) 0.00 260
2021-11-01 $269,900 (36.1%) $334,904 (38.0%) 0.00 241
2021-12-01 $264,950 (33.5%) $339,649 (37.5%) 0.00 233
2022-01-01 $269,990 (38.5%) $344,225 (34.9%) 0.00 222
2022-02-01 $276,175 (38.2%) $363,365 (42.4%) 0.00 212
2022-03-01 $284,950 (31.3%) $391,410 (46.5%) 0.00 210
2022-04-01 $279,900 (34.1%) $371,756 (30.1%) 0.00 254
2022-05-01 $287,000 (27.6%) $374,768 (26.5%) 0.00 281
2022-06-01 $292,159 (29.9%) $363,349 (-91.7%) 0.00 310
2022-07-01 $289,634 (23.3%) $359,049 (-90.7%) 0.00 366
2022-08-01 $297,250 (18.9%) $356,682 (11.7%) 0.00 382
2022-09-01 $298,555 (18.3%) $349,527 (9.4%) 0.00 402
2022-10-01 $299,000 (19.7%) $360,139 (13.7%) 0.00 391
2022-11-01 $291,220 (7.9%) $360,931 (7.8%) 0.00 412
2022-12-01 $283,900 (7.2%) $354,804 (4.5%) 0.00 447
2023-01-01 $283,569 (5.0%) $359,836 (4.5%) 0.00 482
2023-02-01 $286,875 (3.9%) $356,967 (-1.8%) 0.00 498
2023-03-01 $289,350 (1.5%) $359,738 (-8.1%) 0.00 485
2023-04-01 $295,000 (5.4%) $366,111 (-1.5%) 0.00 492
2023-05-01 $299,900 (4.5%) $360,680 (-3.8%) 0.00 493
2023-06-01 $301,026 (3.0%) $357,159 (-1.7%) 0.00 475
2023-07-01 $300,000 (3.6%) $363,357 (1.2%) 0.00 469
2023-08-01 $309,766 (4.2%) $362,018 (1.5%) 0.00 469
2023-09-01 $299,900 (0.5%) $354,329 (1.4%) 0.00 500
2023-10-01 $317,000 (6.0%) $373,308 (3.7%) 0.00 531
2023-11-01 $320,000 (9.9%) $389,256 (7.9%) 0.00 564
2023-12-01 $325,000 (14.5%) $378,879 (6.8%) 0.00 625
2024-01-01 $329,900 (16.3%) $379,076 (5.4%) 0.00 648
2024-02-01 $322,450 (12.4%) $367,682 (3.0%) 0.00 693
2024-03-01 $314,700 (8.8%) $360,148 (0.1%) 0.00 671
2024-04-01 $311,700 (5.7%) $361,028 (-1.4%) 0.00 678
Sebring's median listing price for 2024-04-01 was $311,700, a difference of $16,700 (5.7%) versus the prior year and $-3,000 versus the prior month.

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

Sebring's average listing price for 2024-04-01 was $361,028, a difference of $-5,083 (-1.4%) versus the prior year and $880 versus the prior month.

For the 2024-04-01 period, Sebring had 678 MLS listings, a difference of 7 listings (1%) versus the prior month and 186 listings (38%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sebring (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,241 sqft
2018-02-01 0 days 2,272 sqft
2018-03-01 0 days 2,248 sqft
2018-04-01 0 days 2,236 sqft
2018-05-01 0 days 2,229 sqft
2018-06-01 0 days 2,244 sqft
2018-07-01 0 days 2,253 sqft
2018-08-01 0 days 2,237 sqft
2018-09-01 0 days 2,202 sqft
2018-10-01 0 days 2,225 sqft
2018-11-01 0 days 2,232 sqft
2018-12-01 0 days 1,640 sqft
2019-01-01 0 days 1,644 sqft
2019-02-01 0 days 1,647 sqft
2019-03-01 0 days 1,650 sqft
2019-04-01 0 days 1,655 sqft
2019-05-01 0 days 1,623 sqft
2019-06-01 0 days 1,650 sqft
2019-07-01 0 days 1,638 sqft
2019-08-01 0 days 1,641 sqft
2019-09-01 0 days 1,636 sqft
2019-10-01 0 days 1,630 sqft
2019-11-01 0 days 1,622 sqft
2019-12-01 0 days 1,652 sqft
2020-01-01 0 days 1,679 sqft
2020-02-01 0 days 1,655 sqft
2020-03-01 0 days 1,638 sqft
2020-04-01 0 days 1,595 sqft
2020-05-01 0 days 1,596 sqft
2020-06-01 0 days 1,574 sqft
2020-07-01 0 days 1,603 sqft
2020-08-01 0 days 1,563 sqft
2020-09-01 0 days 1,575 sqft
2020-10-01 0 days 1,574 sqft
2020-11-01 0 days 1,570 sqft
2020-12-01 0 days 1,570 sqft
2021-01-01 0 days 1,568 sqft
2021-02-01 0 days 1,572 sqft
2021-03-01 0 days 1,619 sqft
2021-04-01 0 days 1,601 sqft
2021-05-01 0 days 1,600 sqft
2021-06-01 0 days 1,582 sqft
2021-07-01 0 days 1,630 sqft
2021-08-01 0 days 1,649 sqft
2021-09-01 0 days 1,642 sqft
2021-10-01 0 days 1,592 sqft
2021-11-01 0 days 1,641 sqft
2021-12-01 0 days 1,629 sqft
2022-01-01 0 days 1,644 sqft
2022-02-01 0 days 1,627 sqft
2022-03-01 0 days 1,625 sqft
2022-04-01 0 days 1,591 sqft
2022-05-01 0 days 1,551 sqft
2022-06-01 0 days 1,570 sqft
2022-07-01 0 days 1,525 sqft
2022-08-01 0 days 1,564 sqft
2022-09-01 0 days 1,585 sqft
2022-10-01 0 days 1,583 sqft
2022-11-01 0 days 1,581 sqft
2022-12-01 0 days 1,546 sqft
2023-01-01 0 days 1,536 sqft
2023-02-01 0 days 1,539 sqft
2023-03-01 0 days 1,539 sqft
2023-04-01 0 days 1,553 sqft
2023-05-01 0 days 1,566 sqft
2023-06-01 0 days 1,567 sqft
2023-07-01 0 days 1,569 sqft
2023-08-01 0 days 1,609 sqft
2023-09-01 0 days 1,633 sqft
2023-10-01 0 days 1,652 sqft
2023-11-01 0 days 1,662 sqft
2023-12-01 0 days 1,661 sqft
2024-01-01 0 days 1,665 sqft
2024-02-01 0 days 1,642 sqft
2024-03-01 0 days 1,620 sqft
2024-04-01 0 days 1,604 sqft
Sebring's median listing age (time on market) for 2024-04-01 was 0 days.

Sebring's median square footage for active listings during the 2024-04-01 period was 1,604 sqft. One year prior, the average listing was 1,553 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).