Seymour FHA Loan Rates, Closing Costs & Stats

Seymour, IN

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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.

    Seymour's 39 lenders originated 137 FHA loans during 2024. The total origination value was $27,445,000, with an average FHA loan value of $200,328.

    Seymour FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Seymour averaged 6.64% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Seymour's average FHA mortgage closing costs are $6,238.

    The average rate for the prior week (2025-03-28) was 6.74% and one month ago for the week of 2025-02-28, the average rate was 6.42%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.46%.

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

    Seymour 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 Seymour level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Wolfe Financial, Inc 15 6.78% $9,053
    QUICKEN LOANS, LLC 13 6.41% $9,605
    GVC MORTGAGE, INC. 12 6.73% $9,577
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.88% $8,742
    DIRECT MORTGAGE LOANS, LLC 10 6.93% $12,415
    RUOFF MORTGAGE COMPANY, INC. 8 6.78% $5,186
    FREEDOM MORTGAGE CORPORATION 7 6.34% $7,486
    LOANDEPOT.COM, LLC 4 7.16% $7,683
    NEWREZ LLC 4 6.47% $7,635
    UNITED WHOLESALE MORTGAGE, LLC 3 6.38% $10,155
    INTERLINC MORTGAGE SERVICES, LLC 3 6.63% $4,093
    Blue Ridge Bank 3 6.54% $6,202
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.33% $12,866
    CMG MORTGAGE, INC. 3 6.67% $13,321
    HALLMARK HOME MORTGAGE, LLC 2 6.88% $8,724
    AmeriHome Mortgage Company, LLC 2 6.49% $5,902
    BROKER SOLUTIONS, INC. 2 6.69% $11,117
    Fifth Third Bank 2 6.25% $6,395
    GENEVA FINANCIAL, LLC 2 7.38% $7,968
    LAKEVIEW LOAN SERVICING, LLC 2 7.25% $9,139
    Mr. Cooper ( Nationstar Mortgage ) 2 6.44% $10,010
    PLANET HOME LENDING, LLC 2 6.13% $6,780
    Prosperity Home Mortgage, LLC 2 6.69% $8,245
    JMAC LENDING, INC. 1 6.25% $7,446
    ENDEAVOR CAPITAL, LLC. 1 5.75% $12,838
    Flagstar Bank, FSB 1 6.10% $9,252
    Meridian Bank Corporation 1 6.50% $11,523
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $11,217
    First Merchants Bank 1 6.13% $4,284
    First Financial Bank 1 7.00% $6,852
    PENNYMAC LOAN SERVICES, LLC 1 7.25% $8,122
    Century Mortgage Company DBA Century Lending Company 1 6.13% $6,823
    PNC Bank 1 6.50% $5,357
    Carrington Mortgage Services, LLC 1 6.88% $10,119
    Equity Prime Mortgage LLC 1 5.25% $9,996
    AMERICAN FINANCING CORPORATION 1 6.75% $7,285
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.50% $7,999
    GUILD MORTGAGE COMPANY 1 6.38% $5,957
    Ixonia Bank 1 6.88% $7,349

    The top Seymour FHA lender as defined by loan originations is Wolfe Financial, Inc, with 15 FHA loans originated. Their average total fees are $9,053, which is $553 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Seymour FHA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,742), Wolfe Financial, Inc ($9,053), GVC MORTGAGE, INC. ($9,577), QUICKEN LOANS, LLC ($9,605) and DIRECT MORTGAGE LOANS, LLC ($12,415).

    The lowest rate Seymour FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.41%), GVC MORTGAGE, INC. (6.73%), Wolfe Financial, Inc (6.78%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.88%) and DIRECT MORTGAGE LOANS, LLC (6.93%).

    Seymour FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Seymour (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 $102,150 (-7.1%) $133,512 (-8.6%) 0.00 140
    2018-02-01 $121,400 (15.2%) $147,387 (2.4%) 0.00 126
    2018-03-01 $122,900 (20.6%) $163,894 (15.3%) 0.00 119
    2018-04-01 $122,175 (3.1%) $162,272 (8.7%) 0.00 113
    2018-05-01 $125,450 (11.9%) $171,055 (15.2%) 0.00 109
    2018-06-01 $128,000 (15.9%) $172,683 (17.6%) 0.00 110
    2018-07-01 $129,950 (18.2%) $170,303 (18.5%) 0.00 126
    2018-08-01 $126,975 (16.4%) $159,728 (17.8%) 0.00 127
    2018-09-01 $124,900 (25.0%) $156,941 (19.7%) 0.00 114
    2018-10-01 $130,733 (29.9%) $163,293 (23.5%) 0.00 122
    2018-11-01 $134,375 (32.5%) $162,512 (21.8%) 0.00 119
    2018-12-01 $134,900 (35.0%) $161,586 (26.2%) 0.00 109
    2019-01-01 $134,500 (31.7%) $157,647 (18.1%) 0.00 101
    2019-02-01 $131,150 (8.0%) $165,317 (12.2%) 0.00 89
    2019-03-01 $129,014 (5.0%) $173,787 (6.0%) 0.00 84
    2019-04-01 $139,700 (14.3%) $180,919 (11.5%) 0.00 79
    2019-05-01 $145,000 (15.6%) $181,746 (6.3%) 0.00 77
    2019-06-01 $157,400 (23.0%) $201,038 (16.4%) 0.00 72
    2019-07-01 $159,900 (23.1%) $210,083 (23.4%) 0.00 80
    2019-08-01 $159,900 (25.9%) $213,296 (33.5%) 0.00 90
    2019-09-01 $159,900 (28.0%) $217,070 (38.3%) 0.00 86
    2019-10-01 $159,700 (22.2%) $215,584 (32.0%) 0.00 82
    2019-11-01 $164,900 (22.7%) $223,342 (37.4%) 0.00 79
    2019-12-01 $165,050 (22.4%) $216,868 (34.2%) 0.00 79
    2020-01-01 $169,900 (26.3%) $212,512 (34.8%) 0.00 66
    2020-02-01 $180,500 (37.6%) $223,508 (35.2%) 0.00 65
    2020-03-01 $189,900 (47.2%) $235,795 (35.7%) 0.00 55
    2020-04-01 $179,900 (28.8%) $232,131 (28.3%) 0.00 52
    2020-05-01 $184,900 (27.5%) $235,947 (29.8%) 0.00 51
    2020-06-01 $198,400 (26.1%) $243,774 (21.3%) 0.00 51
    2020-07-01 $201,300 (25.9%) $244,437 (16.4%) 0.00 56
    2020-08-01 $197,900 (23.8%) $235,594 (10.5%) 0.00 56
    2020-09-01 $198,900 (24.4%) $241,211 (11.1%) 0.00 56
    2020-10-01 $196,450 (23.0%) $237,950 (10.4%) 0.00 54
    2020-11-01 $190,800 (15.7%) $223,122 (-0.1%) 0.00 53
    2020-12-01 $184,900 (12.0%) $216,405 (-0.2%) 0.00 52
    2021-01-01 $172,400 (1.5%) $203,388 (-4.3%) 0.00 34
    2021-02-01 $174,900 (-3.1%) $228,042 (2.0%) 0.00 29
    2021-03-01 $173,675 (-8.5%) $229,269 (-2.8%) 0.00 25
    2021-04-01 $174,900 (-2.8%) $265,252 (14.3%) 0.00 23
    2021-05-01 $195,000 (5.5%) $290,297 (23.0%) 0.00 26
    2021-06-01 $223,700 (12.8%) $286,570 (17.6%) 0.00 24
    2021-07-01 $191,950 (-4.6%) $268,359 (9.8%) 0.00 32
    2021-08-01 $199,900 (1.0%) $287,375 (22.0%) 0.00 46
    2021-09-01 $194,975 (-2.0%) $266,400 (10.4%) 0.00 53
    2021-10-01 $177,450 (-9.7%) $245,773 (3.3%) 0.00 59
    2021-11-01 $187,450 (-1.8%) $254,917 (14.3%) 0.00 55
    2021-12-01 $201,175 (8.8%) $255,667 (18.1%) 0.00 49
    2022-01-01 $227,900 (32.2%) $265,077 (30.3%) 0.00 42
    2022-02-01 $224,475 (28.3%) $283,787 (24.5%) 0.00 29
    2022-03-01 $226,950 (30.7%) $311,951 (36.1%) 0.00 28
    2022-04-01 $224,950 (28.6%) $325,157 (22.6%) 0.00 37
    2022-05-01 $219,900 (12.8%) $307,322 (5.9%) 0.00 42
    2022-06-01 $227,675 (1.8%) $310,309 (8.3%) 0.00 50
    2022-07-01 $239,900 (25.0%) $304,752 (13.6%) 0.00 57
    2022-08-01 $239,900 (20.0%) $291,988 (1.6%) 0.00 56
    2022-09-01 $244,900 (25.6%) $300,920 (13.0%) 0.00 51
    2022-10-01 $239,950 (35.2%) $301,109 (22.5%) 0.00 60
    2022-11-01 $270,975 (44.6%) $309,746 (21.5%) 0.00 61
    2022-12-01 $274,900 (36.7%) $323,741 (26.6%) 0.00 57
    2023-01-01 $262,925 (15.4%) $297,288 (12.2%) 0.00 54
    2023-02-01 $260,950 (16.3%) $299,384 (5.5%) 0.00 43
    2023-03-01 $260,425 (14.8%) $298,187 (-4.4%) 0.00 33
    2023-04-01 $264,900 (17.8%) $306,180 (-5.8%) 0.00 26
    2023-05-01 $245,900 (11.8%) $279,048 (-9.2%) 0.00 28
    2023-06-01 $253,725 (11.4%) $285,053 (-8.1%) 0.00 33
    2023-07-01 $235,000 (-2.0%) $289,322 (-5.1%) 0.00 36
    2023-08-01 $272,200 (13.5%) $297,773 (2.0%) 0.00 43
    2023-09-01 $269,900 (10.2%) $305,178 (1.4%) 0.00 51
    2023-10-01 $266,700 (11.2%) $294,601 (-2.2%) 0.00 55
    2023-11-01 $257,200 (-5.1%) $303,583 (-2.0%) 0.00 61
    2023-12-01 $267,200 (-2.8%) $316,168 (-2.3%) 0.00 59
    2024-01-01 $273,725 (4.1%) $310,891 (4.6%) 0.00 57
    2024-02-01 $267,450 (2.5%) $303,347 (1.3%) 0.00 54
    2024-03-01 $289,950 (11.3%) $322,490 (8.2%) 0.00 51
    2024-04-01 $274,950 (3.8%) $316,596 (3.4%) 0.00 51
    2024-05-01 $267,450 (8.8%) $311,055 (11.5%) 0.00 52
    2024-06-01 $259,900 (2.4%) $310,884 (9.1%) 0.00 43
    2024-07-01 $259,900 (10.6%) $306,885 (6.1%) 0.00 55
    2024-08-01 $249,900 (-8.2%) $291,618 (-2.1%) 0.00 66
    2024-09-01 $263,375 (-2.4%) $289,775 (-5.1%) 0.00 72
    2024-10-01 $253,675 (-4.9%) $299,309 (1.6%) 0.00 71
    2024-11-01 $259,900 (1.1%) $292,854 (-3.5%) 0.00 66
    2024-12-01 $272,000 (1.8%) $310,013 (-2.0%) 0.00 69
    2025-01-01 $274,375 (0.2%) $306,856 (-1.3%) 0.00 71
    2025-02-01 $263,725 (-1.4%) $304,709 (0.5%) 0.00 69
    2025-03-01 $260,000 (-10.3%) $298,415 (-7.5%) 0.00 73
    Seymour's median listing price for 2025-03-01 was $260,000, a difference of $-29,950 (-10.3%) versus the prior year and $-3,725 versus the prior month.

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

    Seymour's average listing price for 2025-03-01 was $298,415, a difference of $-24,075 (-7.5%) versus the prior year and $-6,294 versus the prior month.

    For the 2025-03-01 period, Seymour had 73 MLS listings, a difference of 4 listings (6%) versus the prior month and 22 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Seymour (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,575 sqft
    2018-02-01 0 days 1,608 sqft
    2018-03-01 0 days 1,714 sqft
    2018-04-01 0 days 1,680 sqft
    2018-05-01 0 days 1,680 sqft
    2018-06-01 0 days 1,687 sqft
    2018-07-01 0 days 1,600 sqft
    2018-08-01 0 days 1,614 sqft
    2018-09-01 0 days 1,620 sqft
    2018-10-01 0 days 1,642 sqft
    2018-11-01 0 days 1,620 sqft
    2018-12-01 0 days 1,618 sqft
    2019-01-01 0 days 1,619 sqft
    2019-02-01 0 days 1,784 sqft
    2019-03-01 0 days 1,821 sqft
    2019-04-01 0 days 1,869 sqft
    2019-05-01 0 days 1,900 sqft
    2019-06-01 0 days 1,928 sqft
    2019-07-01 0 days 1,981 sqft
    2019-08-01 0 days 2,127 sqft
    2019-09-01 0 days 2,128 sqft
    2019-10-01 0 days 2,059 sqft
    2019-11-01 0 days 1,991 sqft
    2019-12-01 0 days 1,926 sqft
    2020-01-01 0 days 1,930 sqft
    2020-02-01 0 days 1,890 sqft
    2020-03-01 0 days 1,834 sqft
    2020-04-01 0 days 1,775 sqft
    2020-05-01 0 days 1,806 sqft
    2020-06-01 0 days 1,807 sqft
    2020-07-01 0 days 1,872 sqft
    2020-08-01 0 days 1,778 sqft
    2020-09-01 0 days 1,791 sqft
    2020-10-01 0 days 1,943 sqft
    2020-11-01 0 days 1,871 sqft
    2020-12-01 0 days 1,773 sqft
    2021-01-01 0 days 1,653 sqft
    2021-02-01 0 days 1,940 sqft
    2021-03-01 0 days 1,912 sqft
    2021-04-01 0 days 2,130 sqft
    2021-05-01 0 days 1,990 sqft
    2021-06-01 0 days 2,035 sqft
    2021-07-01 0 days 1,962 sqft
    2021-08-01 0 days 2,152 sqft
    2021-09-01 0 days 1,877 sqft
    2021-10-01 0 days 1,903 sqft
    2021-11-01 0 days 1,869 sqft
    2021-12-01 0 days 1,910 sqft
    2022-01-01 0 days 1,932 sqft
    2022-02-01 0 days 1,980 sqft
    2022-03-01 0 days 2,063 sqft
    2022-04-01 0 days 2,075 sqft
    2022-05-01 0 days 1,854 sqft
    2022-06-01 0 days 2,151 sqft
    2022-07-01 0 days 2,134 sqft
    2022-08-01 0 days 1,955 sqft
    2022-09-01 0 days 1,909 sqft
    2022-10-01 0 days 2,047 sqft
    2022-11-01 0 days 2,314 sqft
    2022-12-01 0 days 2,182 sqft
    2023-01-01 0 days 1,991 sqft
    2023-02-01 0 days 2,030 sqft
    2023-03-01 0 days 2,134 sqft
    2023-04-01 0 days 1,951 sqft
    2023-05-01 0 days 1,706 sqft
    2023-06-01 0 days 1,811 sqft
    2023-07-01 0 days 1,951 sqft
    2023-08-01 0 days 2,126 sqft
    2023-09-01 0 days 1,974 sqft
    2023-10-01 0 days 1,781 sqft
    2023-11-01 0 days 1,712 sqft
    2023-12-01 0 days 1,847 sqft
    2024-01-01 0 days 1,794 sqft
    2024-02-01 0 days 1,793 sqft
    2024-03-01 0 days 1,957 sqft
    2024-04-01 0 days 2,065 sqft
    2024-05-01 0 days 1,949 sqft
    2024-06-01 0 days 1,810 sqft
    2024-07-01 0 days 1,808 sqft
    2024-08-01 0 days 1,866 sqft
    2024-09-01 0 days 1,935 sqft
    2024-10-01 0 days 2,061 sqft
    2024-11-01 0 days 2,169 sqft
    2024-12-01 0 days 2,169 sqft
    2025-01-01 0 days 2,224 sqft
    2025-02-01 0 days 2,134 sqft
    2025-03-01 0 days 2,041 sqft
    Seymour's median listing age (time on market) for 2025-03-01 was 0 days.

    Seymour's median square footage for active listings during the 2025-03-01 period was 2,041 sqft. One year prior, the average listing was 1,957 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).