Show Low FHA Loan Rates, Closing Costs & Stats
Show Low, AZ
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.
Show Low's 52 lenders originated 199 FHA loans during 2023. The total origination value was $48,585,000, with an average FHA loan value of $244,146.
Show Low FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Show Low
averaged
6.59%
for the week of 2024-11-01, compared to the national average (all FHA variants) of
6.387% for the same period.
Show Low's average FHA mortgage closing costs are $8,182.
The average rate for the prior week (2024-10-25) was
6.68% and
one month ago for the week of 2024-09-27, the
average rate was 6.08%.
The average rate one year ago was 7.87%.
For refis of the same type during the week of 2024-11-01, the average rate
was 6.97%.
Show Low 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 Show Low level.
The top Show Low FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
25 FHA loans originated. Their average total fees are
$12,361, which is $812
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Show Low FHA lenders (with over 10 loans originated) are
NOVA FINANCIAL & INVESTMENT CORPORATION ($7,133), QUICKEN LOANS, LLC ($11,548), UNITED WHOLESALE MORTGAGE, LLC ($12,361), AMERICAN PACIFIC MORTGAGE CORPORATION ($17,644) and .
The lowest rate Show Low FHA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.12%), AMERICAN PACIFIC MORTGAGE CORPORATION (6.43%), NOVA FINANCIAL & INVESTMENT CORPORATION (6.49%), QUICKEN LOANS, LLC (6.52%) and .
Show Low FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
SHOW LOW, AZ | NAVAJO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SHOW LOW, AZ | NAVAJO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Show Low (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $269,675 (8.1%) | $353,956 (3.3%) | 0.00 | 616 |
2018-02-01 | $271,717 (8.9%) | $348,740 (1.5%) | 0.00 | 591 |
2018-03-01 | $269,900 (3.8%) | $349,431 (-1.2%) | 0.00 | 605 |
2018-04-01 | $282,000 (8.5%) | $358,428 (0.3%) | 0.00 | 679 |
2018-05-01 | $287,875 (8.6%) | $366,186 (4.6%) | 0.00 | 716 |
2018-06-01 | $293,000 (9.7%) | $378,420 (8.1%) | 0.00 | 757 |
2018-07-01 | $289,975 (7.4%) | $370,141 (2.9%) | 0.00 | 796 |
2018-08-01 | $297,250 (10.1%) | $374,458 (3.9%) | 0.00 | 791 |
2018-09-01 | $294,900 (9.2%) | $376,212 (3.7%) | 0.00 | 752 |
2018-10-01 | $299,300 (8.8%) | $380,757 (3.0%) | 0.00 | 681 |
2018-11-01 | $299,900 (11.5%) | $376,259 (5.1%) | 0.00 | 606 |
2018-12-01 | $295,750 (9.8%) | $372,762 (4.3%) | 0.00 | 552 |
2019-01-01 | $284,975 (5.7%) | $371,861 (5.1%) | 0.00 | 509 |
2019-02-01 | $281,950 (3.8%) | $371,845 (6.6%) | 0.00 | 520 |
2019-03-01 | $291,500 (8.0%) | $378,439 (8.3%) | 0.00 | 552 |
2019-04-01 | $297,125 (5.4%) | $377,658 (5.4%) | 0.00 | 596 |
2019-05-01 | $298,663 (3.8%) | $374,997 (2.4%) | 0.00 | 674 |
2019-06-01 | $294,450 (0.5%) | $370,138 (-2.2%) | 0.00 | 735 |
2019-07-01 | $279,769 (-3.5%) | $353,063 (-4.6%) | 0.00 | 749 |
2019-08-01 | $283,692 (-4.6%) | $357,512 (-4.5%) | 0.00 | 711 |
2019-09-01 | $289,771 (-1.7%) | $363,628 (-3.3%) | 0.00 | 650 |
2019-10-01 | $293,824 (-1.8%) | $369,200 (-3.0%) | 0.00 | 594 |
2019-11-01 | $289,900 (-3.3%) | $372,962 (-0.9%) | 0.00 | 525 |
2019-12-01 | $286,950 (-3.0%) | $370,030 (-0.7%) | 0.00 | 474 |
2020-01-01 | $283,925 (-0.4%) | $355,560 (-4.4%) | 0.00 | 422 |
2020-02-01 | $289,000 (2.5%) | $356,798 (-4.1%) | 0.00 | 423 |
2020-03-01 | $289,125 (-0.8%) | $363,022 (-4.1%) | 0.00 | 445 |
2020-04-01 | $289,925 (-2.4%) | $360,565 (-4.5%) | 0.00 | 482 |
2020-05-01 | $309,250 (3.5%) | $369,291 (-1.5%) | 0.00 | 467 |
2020-06-01 | $328,119 (11.4%) | $383,723 (3.7%) | 0.00 | 421 |
2020-07-01 | $346,900 (24.0%) | $402,615 (14.0%) | 0.00 | 357 |
2020-08-01 | $324,900 (14.5%) | $412,040 (15.3%) | 0.00 | 292 |
2020-09-01 | $325,000 (12.2%) | $422,873 (16.3%) | 0.00 | 262 |
2020-10-01 | $325,000 (10.6%) | $443,075 (20.0%) | 0.00 | 228 |
2020-11-01 | $325,250 (12.2%) | $441,063 (18.3%) | 0.00 | 206 |
2020-12-01 | $331,250 (15.4%) | $446,397 (20.6%) | 0.00 | 175 |
2021-01-01 | $355,000 (25.0%) | $476,627 (34.1%) | 0.00 | 155 |
2021-02-01 | $377,225 (30.5%) | $511,222 (43.3%) | 0.00 | 127 |
2021-03-01 | $391,150 (35.3%) | $533,165 (46.9%) | 0.00 | 132 |
2021-04-01 | $384,325 (32.6%) | $518,471 (43.8%) | 0.00 | 161 |
2021-05-01 | $400,000 (29.4%) | $554,635 (50.2%) | 0.00 | 172 |
2021-06-01 | $421,898 (28.6%) | $561,683 (46.4%) | 0.00 | 210 |
2021-07-01 | $399,900 (15.3%) | $539,055 (33.9%) | 0.00 | 250 |
2021-08-01 | $397,000 (22.2%) | $517,870 (25.7%) | 0.00 | 247 |
2021-09-01 | $449,375 (38.3%) | $560,440 (32.5%) | 0.00 | 243 |
2021-10-01 | $460,000 (41.5%) | $578,589 (30.6%) | 0.00 | 200 |
2021-11-01 | $447,950 (37.7%) | $573,630 (30.1%) | 0.00 | 178 |
2021-12-01 | $447,200 (35.0%) | $565,522 (26.7%) | 0.00 | 169 |
2022-01-01 | $459,000 (29.3%) | $589,536 (23.7%) | 0.00 | 147 |
2022-02-01 | $479,450 (27.1%) | $607,876 (18.9%) | 0.00 | 152 |
2022-03-01 | $484,950 (24.0%) | $613,657 (15.1%) | 0.00 | 162 |
2022-04-01 | $496,500 (29.2%) | $605,263 (16.7%) | 0.00 | 211 |
2022-05-01 | $499,651 (24.9%) | $609,590 (9.9%) | 0.00 | 274 |
2022-06-01 | $498,722 (18.2%) | $607,286 (8.1%) | 0.00 | 372 |
2022-07-01 | $474,900 (18.8%) | $589,676 (9.4%) | 0.00 | 438 |
2022-08-01 | $468,225 (17.9%) | $573,406 (10.7%) | 0.00 | 422 |
2022-09-01 | $457,000 (1.7%) | $565,698 (0.9%) | 0.00 | 394 |
2022-10-01 | $465,000 (1.1%) | $574,495 (-0.7%) | 0.00 | 374 |
2022-11-01 | $488,250 (9.0%) | $582,127 (1.5%) | 0.00 | 349 |
2022-12-01 | $489,900 (9.6%) | $591,204 (4.5%) | 0.00 | 317 |
2023-01-01 | $471,975 (2.8%) | $564,792 (-4.2%) | 0.00 | 299 |
2023-02-01 | $499,000 (4.1%) | $571,241 (-6.0%) | 0.00 | 275 |
2023-03-01 | $495,725 (2.2%) | $567,031 (-7.6%) | 0.00 | 284 |
2023-04-01 | $485,000 (-2.3%) | $568,936 (-6.0%) | 0.00 | 360 |
2023-05-01 | $491,342 (-1.7%) | $578,902 (-5.0%) | 0.00 | 433 |
2023-06-01 | $489,450 (-1.9%) | $583,892 (-3.9%) | 0.00 | 472 |
2023-07-01 | $499,000 (5.1%) | $585,794 (-0.7%) | 0.00 | 475 |
2023-08-01 | $499,000 (6.6%) | $581,107 (1.3%) | 0.00 | 478 |
2023-09-01 | $499,000 (9.2%) | $572,910 (1.3%) | 0.00 | 479 |
2023-10-01 | $494,100 (6.3%) | $566,745 (-1.4%) | 0.00 | 472 |
2023-11-01 | $495,000 (1.4%) | $570,539 (-2.0%) | 0.00 | 468 |
2023-12-01 | $495,000 (1.0%) | $569,741 (-3.6%) | 0.00 | 416 |
2024-01-01 | $497,000 (5.3%) | $570,323 (1.0%) | 0.00 | 316 |
2024-02-01 | $500,000 (0.2%) | $587,497 (2.9%) | 0.00 | 336 |
2024-03-01 | $499,900 (0.8%) | $586,302 (3.4%) | 0.00 | 412 |
2024-04-01 | $499,000 (2.9%) | $578,631 (1.7%) | 0.00 | 542 |
2024-05-01 | $498,925 (1.5%) | $578,204 (-0.1%) | 0.00 | 669 |
2024-06-01 | $499,900 (2.1%) | $590,640 (1.2%) | 0.00 | 732 |
2024-07-01 | $499,900 (0.2%) | $600,009 (2.4%) | 0.00 | 631 |
2024-08-01 | $500,000 (0.2%) | $634,225 (9.1%) | 0.00 | 587 |
2024-09-01 | $517,000 (3.6%) | $655,336 (14.4%) | 0.00 | 550 |
2024-10-01 | $511,000 (3.4%) | $652,811 (15.2%) | 0.00 | 523 |
Show Low's median listing price comes in at 0% of the national average.
Show Low's average listing price for 2024-10-01 was $652,811, a difference of $86,066 (15.2%) versus the prior year and $-2,525 versus the prior month.
For the 2024-10-01 period, Show Low had 523 MLS listings, a difference of -27 listings (-5%) versus the prior month and 51 listings (11%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Show Low (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,890 sqft |
2018-02-01 | 0 days | 1,894 sqft |
2018-03-01 | 0 days | 1,849 sqft |
2018-04-01 | 0 days | 1,885 sqft |
2018-05-01 | 0 days | 1,919 sqft |
2018-06-01 | 0 days | 1,921 sqft |
2018-07-01 | 0 days | 1,919 sqft |
2018-08-01 | 0 days | 1,951 sqft |
2018-09-01 | 0 days | 1,937 sqft |
2018-10-01 | 0 days | 1,979 sqft |
2018-11-01 | 0 days | 1,997 sqft |
2018-12-01 | 0 days | 1,950 sqft |
2019-01-01 | 0 days | 1,864 sqft |
2019-02-01 | 0 days | 1,851 sqft |
2019-03-01 | 0 days | 1,880 sqft |
2019-04-01 | 0 days | 1,906 sqft |
2019-05-01 | 0 days | 1,885 sqft |
2019-06-01 | 0 days | 1,886 sqft |
2019-07-01 | 0 days | 1,834 sqft |
2019-08-01 | 0 days | 1,858 sqft |
2019-09-01 | 0 days | 1,865 sqft |
2019-10-01 | 0 days | 1,877 sqft |
2019-11-01 | 0 days | 1,890 sqft |
2019-12-01 | 0 days | 1,889 sqft |
2020-01-01 | 0 days | 1,859 sqft |
2020-02-01 | 0 days | 1,846 sqft |
2020-03-01 | 0 days | 1,828 sqft |
2020-04-01 | 0 days | 1,836 sqft |
2020-05-01 | 0 days | 1,850 sqft |
2020-06-01 | 0 days | 1,880 sqft |
2020-07-01 | 0 days | 1,993 sqft |
2020-08-01 | 0 days | 1,966 sqft |
2020-09-01 | 0 days | 2,008 sqft |
2020-10-01 | 0 days | 1,946 sqft |
2020-11-01 | 0 days | 1,911 sqft |
2020-12-01 | 0 days | 1,937 sqft |
2021-01-01 | 0 days | 1,955 sqft |
2021-02-01 | 0 days | 1,941 sqft |
2021-03-01 | 0 days | 1,998 sqft |
2021-04-01 | 0 days | 1,887 sqft |
2021-05-01 | 0 days | 1,865 sqft |
2021-06-01 | 0 days | 1,823 sqft |
2021-07-01 | 0 days | 1,852 sqft |
2021-08-01 | 0 days | 1,807 sqft |
2021-09-01 | 0 days | 1,920 sqft |
2021-10-01 | 0 days | 1,959 sqft |
2021-11-01 | 0 days | 1,922 sqft |
2021-12-01 | 0 days | 1,870 sqft |
2022-01-01 | 0 days | 1,834 sqft |
2022-02-01 | 0 days | 1,842 sqft |
2022-03-01 | 0 days | 1,898 sqft |
2022-04-01 | 0 days | 1,841 sqft |
2022-05-01 | 0 days | 1,870 sqft |
2022-06-01 | 0 days | 1,868 sqft |
2022-07-01 | 0 days | 1,820 sqft |
2022-08-01 | 0 days | 1,829 sqft |
2022-09-01 | 0 days | 1,812 sqft |
2022-10-01 | 0 days | 1,854 sqft |
2022-11-01 | 0 days | 1,886 sqft |
2022-12-01 | 0 days | 1,944 sqft |
2023-01-01 | 0 days | 1,883 sqft |
2023-02-01 | 0 days | 1,882 sqft |
2023-03-01 | 0 days | 1,854 sqft |
2023-04-01 | 0 days | 1,828 sqft |
2023-05-01 | 0 days | 1,828 sqft |
2023-06-01 | 0 days | 1,830 sqft |
2023-07-01 | 0 days | 1,830 sqft |
2023-08-01 | 0 days | 1,814 sqft |
2023-09-01 | 0 days | 1,821 sqft |
2023-10-01 | 0 days | 1,822 sqft |
2023-11-01 | 0 days | 1,825 sqft |
2023-12-01 | 0 days | 1,823 sqft |
2024-01-01 | 0 days | 1,844 sqft |
2024-02-01 | 0 days | 1,838 sqft |
2024-03-01 | 0 days | 1,836 sqft |
2024-04-01 | 0 days | 1,800 sqft |
2024-05-01 | 0 days | 1,790 sqft |
2024-06-01 | 0 days | 1,797 sqft |
2024-07-01 | 0 days | 1,801 sqft |
2024-08-01 | 0 days | 1,808 sqft |
2024-09-01 | 0 days | 1,830 sqft |
2024-10-01 | 0 days | 1,831 sqft |
Show Low's median square footage for active listings during the 2024-10-01 period was 1,831 sqft. One year prior, the average listing was 1,822 sqft.