Show Low FHA Loan Rates, Closing Costs & Stats

Show Low, AZ

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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.

    Show Low's 51 lenders originated 230 FHA loans during 2024. The total origination value was $58,820,000, with an average FHA loan value of $255,739.

    Show Low FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Show Low averaged 6.42% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Show Low's average FHA mortgage closing costs are $8,668.

    The average rate for the prior week (2025-03-28) was 6.62% and one month ago for the week of 2025-02-28, the average rate was 6.91%.

    The average rate one year ago was 6.83%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.5%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 39 6.20% $12,889
    UNITED WHOLESALE MORTGAGE, LLC 30 6.12% $13,522
    CROSSCOUNTRY MORTGAGE, LLC 13 6.33% $11,174
    GUILD MORTGAGE COMPANY 7 6.54% $10,024
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.92% $15,426
    V.I.P. MORTGAGE, INC. 5 6.10% $14,869
    ALTITUDE FINANCIAL CORPORATION 5 6.48% $5,861
    FREEDOM MORTGAGE CORPORATION 5 6.38% $15,597
    Equity Prime Mortgage LLC 5 6.83% $17,654
    NEWREZ LLC 4 6.81% $9,529
    LOANDEPOT.COM, LLC 4 6.00% $16,118
    PENNYMAC LOAN SERVICES, LLC 3 5.42% $5,572
    Flagstar Bank, FSB 3 5.67% $12,918
    Century Mortgage Company DBA Century Lending Company 3 5.58% $11,439
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.54% $9,748
    NOVA FINANCIAL & INVESTMENT CORPORATION 3 6.16% $4,996
    UNION HOME MORTGAGE CORP. 3 5.63% $12,533
    VILLAGE CAPITAL MORTGAGE 3 6.91% $8,383
    MID AMERICA MORTGAGE, INC. 3 6.58% $9,852
    MORIA DEVELOPMENT, INC. 2 6.94% $12,176
    GARDNER FINANCIAL SERVICES, LTD. 2 6.63% $13,619
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.75% $15,387
    PLAZA HOME MORTGAGE, INC. 2 5.81% $8,756
    Nations Lending Corporation 2 6.94% $6,859
    AMERICAN FINANCING CORPORATION 2 5.69% $12,724
    Paramount Residential Mortgage Group, Inc. 2 6.63% $8,462
    PHH Mortgage Corporation 1 6.49% $12,615
    Plains Commerce Bank 1 7.50% $12,478
    PLANET HOME LENDING, LLC 1 6.25% $16,347
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.99% $13,265
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $12,067
    AMERISAVE MORTGAGE CORPORATION 1 5.88% $12,356
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $24,376
    Sunflower Bank 1 6.63% $16,568
    SUN WEST MORTGAGE COMPANY, INC. 1 5.38% $10,107
    Cornerstone First Mortgage, Inc 1 6.25% $15,110
    CMG MORTGAGE, INC. 1 6.00% $10,637
    DIRECT MORTGAGE LOANS, LLC 1 7.13% $10,148
    Carrington Mortgage Services, LLC 1 6.50% $11,281
    FIRST COLONY MORTGAGE CORPORATION 1 5.88% $20,391
    Franklin Loan Corporation 1 5.49% $14,164
    CARDINAL FINANCIAL 1 6.25% $23,070
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $9,990
    BROKER SOLUTIONS, INC. 1 6.63% $14,907
    LAKEVIEW LOAN SERVICING, LLC 1 6.63% $7,913
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.75% $9,995
    Mortgage Research Center, LLC 1 6.63% $4,036
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $7,952
    NBKC BANK 1 6.13% $12,264
    NFM, INC. 1 5.63% $16,207
    PENTAGON FEDERAL CREDIT UNION 1 5.75% $16,522

    The top Show Low FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 39 FHA loans originated. Their average total fees are $12,889, which is $633 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Show Low FHA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($11,174), QUICKEN LOANS, LLC ($12,889), UNITED WHOLESALE MORTGAGE, LLC ($13,522), .

    The lowest rate Show Low FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.12%), QUICKEN LOANS, LLC (6.20%), CROSSCOUNTRY MORTGAGE, LLC (6.33%), .

    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. Louis
    Date 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 $499,000 (1.6%) $578,204 (-0.1%) 0.00 669
    2024-06-01 $499,500 (2.1%) $585,634 (0.3%) 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
    2024-11-01 $497,000 (0.4%) $646,168 (13.3%) 0.00 480
    2024-12-01 $476,250 (-3.8%) $635,517 (11.5%) 0.00 377
    2025-01-01 $459,700 (-7.5%) $624,467 (9.5%) 0.00 344
    2025-02-01 $482,125 (-3.6%) $632,734 (7.7%) 0.00 361
    2025-03-01 $494,750 (-1.0%) $631,675 (7.7%) 0.00 430
    Show Low's median listing price for 2025-03-01 was $494,750, a difference of $-5,150 (-1.0%) versus the prior year and $12,625 versus the prior month.

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

    Show Low's average listing price for 2025-03-01 was $631,675, a difference of $45,373 (7.7%) versus the prior year and $-1,059 versus the prior month.

    For the 2025-03-01 period, Show Low had 430 MLS listings, a difference of 69 listings (19%) versus the prior month and 18 listings (4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Show Low (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,890 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 1,828 sqft
    2023-08-01 0 days 1,813 sqft
    2023-09-01 0 days 1,815 sqft
    2023-10-01 0 days 1,818 sqft
    2023-11-01 0 days 1,823 sqft
    2023-12-01 0 days 1,821 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 1,791 sqft
    2024-06-01 0 days 1,791 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
    2024-11-01 0 days 1,800 sqft
    2024-12-01 0 days 1,743 sqft
    2025-01-01 0 days 1,708 sqft
    2025-02-01 0 days 1,758 sqft
    2025-03-01 0 days 1,785 sqft
    Show Low's median listing age (time on market) for 2025-03-01 was 0 days.

    Show Low's median square footage for active listings during the 2025-03-01 period was 1,785 sqft. One year prior, the average listing was 1,836 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).