Sebring FHA Loan Rates, Closing Costs & Stats

SEBRING-AVON PARK, FL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 0.08% for the week of 2024-11-15, compared to the national average (all FHA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.59% and one month ago for the week of 2024-10-11, the average rate was 6.09%.

    The average rate one year ago was 7.24%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.1%.

    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
    2024-05-01 $307,486 (2.5%) $358,706 (-0.6%) 0.00 701
    2024-06-01 $310,829 (3.3%) $360,671 (1.0%) 0.00 673
    2024-07-01 $312,475 (4.2%) $360,361 (-0.8%) 0.00 683
    2024-08-01 $315,000 (1.7%) $365,247 (0.9%) 0.00 717
    2024-09-01 $312,400 (4.2%) $361,341 (2.0%) 0.00 731
    2024-10-01 $314,945 (-0.7%) $362,480 (-2.9%) 0.00 699
    Sebring's median listing price for 2024-10-01 was $314,945, a difference of $-2,055 (-0.7%) versus the prior year and $2,545 versus the prior month.

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

    Sebring's average listing price for 2024-10-01 was $362,480, a difference of $-10,828 (-2.9%) versus the prior year and $1,139 versus the prior month.

    For the 2024-10-01 period, Sebring had 699 MLS listings, a difference of -32 listings (-4%) versus the prior month and 168 listings (32%) 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
    2024-05-01 0 days 1,608 sqft
    2024-06-01 0 days 1,588 sqft
    2024-07-01 0 days 1,580 sqft
    2024-08-01 0 days 1,597 sqft
    2024-09-01 0 days 1,596 sqft
    2024-10-01 0 days 1,608 sqft
    Sebring's median listing age (time on market) for 2024-10-01 was 0 days.

    Sebring's median square footage for active listings during the 2024-10-01 period was 1,608 sqft. One year prior, the average listing was 1,652 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).