Sierra Vista FHA Loan Rates, Closing Costs & Stats
SIERRA VISTA-DOUGLAS, 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.
Sierra Vista's 59 lenders originated 329 FHA loans during 2023. The total origination value was $66,945,000, with an average FHA loan value of $203,480.
Sierra Vista FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Sierra Vista
averaged
6.24%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
Sierra Vista's average FHA mortgage closing costs are $6,385.
The average rate for the prior week (2024-10-04) was
5.96% and
one month ago for the week of 2024-09-06, the
average rate was 5.79%.
The average rate one year ago was 7.42%.
For refis of the same type during the week of 2024-10-11, the average rate
was 5.75%.
Sierra Vista 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 Sierra Vista level.
The top Sierra Vista FHA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
42 FHA loans originated. Their average total fees are
$9,564, which is $3,914
higher than the next largest lender,
NOVA FINANCIAL & INVESTMENT CORPORATION.
The lowest fee Sierra Vista FHA lenders (with over 10 loans originated) are
NOVA FINANCIAL & INVESTMENT CORPORATION ($5,650), ALTITUDE FINANCIAL CORPORATION ($6,809), GUILD MORTGAGE COMPANY ($9,440), CROSSCOUNTRY MORTGAGE, LLC ($9,564) and QUICKEN LOANS, LLC ($10,074).
The lowest rate Sierra Vista FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.15%), UNITED WHOLESALE MORTGAGE, LLC (6.24%), GUILD MORTGAGE COMPANY (6.36%), ALTITUDE FINANCIAL CORPORATION (6.46%) and NOVA FINANCIAL & INVESTMENT CORPORATION (6.58%).
Sierra Vista FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
SIERRA VISTA-DOUGLAS, AZ | COCHISE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SIERRA VISTA-DOUGLAS, AZ | COCHISE | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Sierra Vista (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 | $169,450 (9.3%) | $218,700 (-2.1%) | 0.00 | 763 |
2018-02-01 | $174,925 (11.1%) | $223,683 (-1.7%) | 0.00 | 745 |
2018-03-01 | $170,750 (10.2%) | $220,482 (-1.0%) | 0.00 | 708 |
2018-04-01 | $176,000 (12.1%) | $226,031 (1.5%) | 0.00 | 660 |
2018-05-01 | $178,925 (13.4%) | $241,223 (6.4%) | 0.00 | 654 |
2018-06-01 | $185,000 (12.1%) | $240,645 (5.2%) | 0.00 | 690 |
2018-07-01 | $189,500 (13.8%) | $243,218 (5.5%) | 0.00 | 677 |
2018-08-01 | $184,950 (9.5%) | $242,706 (5.9%) | 0.00 | 667 |
2018-09-01 | $179,900 (5.8%) | $244,940 (6.7%) | 0.00 | 663 |
2018-10-01 | $180,200 (6.8%) | $242,546 (7.6%) | 0.00 | 639 |
2018-11-01 | $185,000 (12.1%) | $243,696 (13.3%) | 0.00 | 635 |
2018-12-01 | $185,000 (12.1%) | $241,386 (12.0%) | 0.00 | 617 |
2019-01-01 | $189,250 (11.7%) | $236,926 (8.3%) | 0.00 | 593 |
2019-02-01 | $186,225 (6.5%) | $236,739 (5.8%) | 0.00 | 590 |
2019-03-01 | $192,400 (12.7%) | $247,303 (12.2%) | 0.00 | 562 |
2019-04-01 | $196,550 (11.7%) | $257,748 (14.0%) | 0.00 | 533 |
2019-05-01 | $196,750 (10.0%) | $256,947 (6.5%) | 0.00 | 513 |
2019-06-01 | $196,500 (6.2%) | $248,021 (3.1%) | 0.00 | 549 |
2019-07-01 | $198,125 (4.6%) | $247,929 (1.9%) | 0.00 | 564 |
2019-08-01 | $198,341 (7.2%) | $248,001 (2.2%) | 0.00 | 564 |
2019-09-01 | $198,852 (10.5%) | $248,565 (1.5%) | 0.00 | 552 |
2019-10-01 | $199,598 (10.8%) | $250,113 (3.1%) | 0.00 | 542 |
2019-11-01 | $199,950 (8.1%) | $256,694 (5.3%) | 0.00 | 513 |
2019-12-01 | $204,450 (10.5%) | $260,374 (7.9%) | 0.00 | 487 |
2020-01-01 | $199,750 (5.6%) | $261,729 (10.5%) | 0.00 | 460 |
2020-02-01 | $203,000 (9.0%) | $265,376 (12.1%) | 0.00 | 427 |
2020-03-01 | $199,999 (4.0%) | $266,222 (7.7%) | 0.00 | 402 |
2020-04-01 | $207,200 (5.4%) | $261,540 (1.5%) | 0.00 | 340 |
2020-05-01 | $211,750 (7.6%) | $272,200 (5.9%) | 0.00 | 340 |
2020-06-01 | $215,100 (9.5%) | $278,240 (12.2%) | 0.00 | 316 |
2020-07-01 | $211,750 (6.9%) | $286,271 (15.5%) | 0.00 | 298 |
2020-08-01 | $225,000 (13.4%) | $300,827 (21.3%) | 0.00 | 274 |
2020-09-01 | $218,725 (10.0%) | $296,596 (19.3%) | 0.00 | 252 |
2020-10-01 | $219,900 (10.2%) | $303,560 (21.4%) | 0.00 | 250 |
2020-11-01 | $218,700 (9.4%) | $308,397 (20.1%) | 0.00 | 232 |
2020-12-01 | $215,000 (5.2%) | $302,976 (16.4%) | 0.00 | 243 |
2021-01-01 | $219,950 (10.1%) | $315,431 (20.5%) | 0.00 | 227 |
2021-02-01 | $225,000 (10.8%) | $334,917 (26.2%) | 0.00 | 205 |
2021-03-01 | $240,250 (20.1%) | $353,431 (32.8%) | 0.00 | 200 |
2021-04-01 | $245,000 (18.2%) | $370,423 (41.6%) | 0.00 | 184 |
2021-05-01 | $245,000 (15.7%) | $371,009 (36.3%) | 0.00 | 197 |
2021-06-01 | $254,475 (18.3%) | $387,207 (39.2%) | 0.00 | 238 |
2021-07-01 | $262,631 (24.0%) | $391,928 (36.9%) | 0.00 | 250 |
2021-08-01 | $266,250 (18.3%) | $406,441 (35.1%) | 0.00 | 230 |
2021-09-01 | $299,750 (37.0%) | $417,765 (40.9%) | 0.00 | 244 |
2021-10-01 | $294,500 (33.9%) | $411,914 (35.7%) | 0.00 | 245 |
2021-11-01 | $282,000 (28.9%) | $418,562 (35.7%) | 0.00 | 251 |
2021-12-01 | $282,125 (31.2%) | $421,003 (39.0%) | 0.00 | 214 |
2022-01-01 | $287,000 (30.5%) | $432,645 (37.2%) | 0.00 | 181 |
2022-02-01 | $297,250 (32.1%) | $441,312 (31.8%) | 0.00 | 168 |
2022-03-01 | $281,225 (17.1%) | $414,043 (17.2%) | 0.00 | 160 |
2022-04-01 | $289,000 (18.0%) | $425,698 (14.9%) | 0.00 | 185 |
2022-05-01 | $284,975 (16.3%) | $414,727 (11.8%) | 0.00 | 231 |
2022-06-01 | $295,000 (15.9%) | $402,825 (4.0%) | 0.00 | 298 |
2022-07-01 | $295,000 (12.3%) | $405,693 (3.5%) | 0.00 | 330 |
2022-08-01 | $316,200 (18.8%) | $415,816 (2.3%) | 0.00 | 342 |
2022-09-01 | $330,250 (10.2%) | $421,849 (1.0%) | 0.00 | 339 |
2022-10-01 | $329,500 (11.9%) | $421,439 (2.3%) | 0.00 | 348 |
2022-11-01 | $317,500 (12.6%) | $409,223 (-2.2%) | 0.00 | 368 |
2022-12-01 | $299,250 (6.1%) | $404,266 (-4.0%) | 0.00 | 359 |
2023-01-01 | $314,870 (9.7%) | $413,193 (-4.5%) | 0.00 | 336 |
2023-02-01 | $299,389 (0.7%) | $410,870 (-6.9%) | 0.00 | 327 |
2023-03-01 | $322,475 (14.7%) | $434,954 (5.1%) | 0.00 | 307 |
2023-04-01 | $325,000 (12.5%) | $426,837 (0.3%) | 0.00 | 315 |
2023-05-01 | $328,000 (15.1%) | $433,183 (4.5%) | 0.00 | 307 |
2023-06-01 | $328,450 (11.3%) | $436,157 (8.3%) | 0.00 | 305 |
2023-07-01 | $325,000 (10.2%) | $434,186 (7.0%) | 0.00 | 303 |
2023-08-01 | $325,000 (2.8%) | $421,809 (1.4%) | 0.00 | 330 |
2023-09-01 | $325,000 (-1.6%) | $423,331 (0.4%) | 0.00 | 337 |
2023-10-01 | $332,950 (1.1%) | $425,879 (1.1%) | 0.00 | 379 |
2023-11-01 | $327,000 (3.0%) | $421,697 (3.1%) | 0.00 | 425 |
2023-12-01 | $322,250 (7.7%) | $421,145 (4.2%) | 0.00 | 436 |
2024-01-01 | $313,450 (-0.5%) | $423,296 (2.4%) | 0.00 | 428 |
2024-02-01 | $313,000 (4.6%) | $427,013 (3.9%) | 0.00 | 421 |
2024-03-01 | $319,000 (-1.1%) | $421,835 (-3.0%) | 0.00 | 461 |
2024-04-01 | $318,500 (-2.0%) | $420,846 (-1.4%) | 0.00 | 460 |
2024-05-01 | $320,500 (-2.3%) | $428,493 (-1.1%) | 0.00 | 473 |
2024-06-01 | $329,450 (0.3%) | $436,052 (0.0%) | 0.00 | 428 |
2024-07-01 | $313,591 (-3.5%) | $396,317 (-8.7%) | 0.00 | 404 |
2024-08-01 | $310,000 (-4.6%) | $407,019 (-3.5%) | 0.00 | 398 |
2024-09-01 | $329,225 (1.3%) | $404,022 (-4.6%) | 0.00 | 408 |
Sierra Vista's median listing price comes in at 0% of the national average.
Sierra Vista's average listing price for 2024-09-01 was $404,022, a difference of $-19,309 (-4.6%) versus the prior year and $-2,997 versus the prior month.
For the 2024-09-01 period, Sierra Vista had 408 MLS listings, a difference of 10 listings (3%) versus the prior month and 71 listings (21%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sierra Vista (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,778 sqft |
2018-02-01 | 0 days | 1,806 sqft |
2018-03-01 | 0 days | 1,769 sqft |
2018-04-01 | 0 days | 1,785 sqft |
2018-05-01 | 0 days | 1,779 sqft |
2018-06-01 | 0 days | 1,820 sqft |
2018-07-01 | 0 days | 1,835 sqft |
2018-08-01 | 0 days | 1,829 sqft |
2018-09-01 | 0 days | 1,812 sqft |
2018-10-01 | 0 days | 1,798 sqft |
2018-11-01 | 0 days | 1,802 sqft |
2018-12-01 | 0 days | 1,800 sqft |
2019-01-01 | 0 days | 1,795 sqft |
2019-02-01 | 0 days | 1,788 sqft |
2019-03-01 | 0 days | 1,801 sqft |
2019-04-01 | 0 days | 1,806 sqft |
2019-05-01 | 0 days | 1,790 sqft |
2019-06-01 | 0 days | 1,775 sqft |
2019-07-01 | 0 days | 1,776 sqft |
2019-08-01 | 0 days | 1,768 sqft |
2019-09-01 | 0 days | 1,761 sqft |
2019-10-01 | 0 days | 1,757 sqft |
2019-11-01 | 0 days | 1,756 sqft |
2019-12-01 | 0 days | 1,792 sqft |
2020-01-01 | 0 days | 1,787 sqft |
2020-02-01 | 0 days | 1,788 sqft |
2020-03-01 | 0 days | 1,826 sqft |
2020-04-01 | 0 days | 1,805 sqft |
2020-05-01 | 0 days | 1,796 sqft |
2020-06-01 | 0 days | 1,797 sqft |
2020-07-01 | 0 days | 1,828 sqft |
2020-08-01 | 0 days | 1,865 sqft |
2020-09-01 | 0 days | 1,811 sqft |
2020-10-01 | 0 days | 1,812 sqft |
2020-11-01 | 0 days | 1,792 sqft |
2020-12-01 | 0 days | 1,840 sqft |
2021-01-01 | 0 days | 1,840 sqft |
2021-02-01 | 0 days | 1,817 sqft |
2021-03-01 | 0 days | 1,832 sqft |
2021-04-01 | 0 days | 1,880 sqft |
2021-05-01 | 0 days | 1,798 sqft |
2021-06-01 | 0 days | 1,806 sqft |
2021-07-01 | 0 days | 1,856 sqft |
2021-08-01 | 0 days | 1,837 sqft |
2021-09-01 | 0 days | 1,899 sqft |
2021-10-01 | 0 days | 1,925 sqft |
2021-11-01 | 0 days | 1,913 sqft |
2021-12-01 | 0 days | 1,941 sqft |
2022-01-01 | 0 days | 1,965 sqft |
2022-02-01 | 0 days | 1,934 sqft |
2022-03-01 | 0 days | 1,831 sqft |
2022-04-01 | 0 days | 1,830 sqft |
2022-05-01 | 0 days | 1,800 sqft |
2022-06-01 | 0 days | 1,859 sqft |
2022-07-01 | 0 days | 1,824 sqft |
2022-08-01 | 0 days | 1,885 sqft |
2022-09-01 | 0 days | 1,937 sqft |
2022-10-01 | 0 days | 1,944 sqft |
2022-11-01 | 0 days | 1,883 sqft |
2022-12-01 | 0 days | 1,807 sqft |
2023-01-01 | 0 days | 1,865 sqft |
2023-02-01 | 0 days | 1,843 sqft |
2023-03-01 | 0 days | 1,901 sqft |
2023-04-01 | 0 days | 1,869 sqft |
2023-05-01 | 0 days | 1,903 sqft |
2023-06-01 | 0 days | 1,908 sqft |
2023-07-01 | 0 days | 1,877 sqft |
2023-08-01 | 0 days | 1,855 sqft |
2023-09-01 | 0 days | 1,826 sqft |
2023-10-01 | 0 days | 1,894 sqft |
2023-11-01 | 0 days | 1,875 sqft |
2023-12-01 | 0 days | 1,842 sqft |
2024-01-01 | 0 days | 1,809 sqft |
2024-02-01 | 0 days | 1,792 sqft |
2024-03-01 | 0 days | 1,802 sqft |
2024-04-01 | 0 days | 1,803 sqft |
2024-05-01 | 0 days | 1,804 sqft |
2024-06-01 | 0 days | 1,820 sqft |
2024-07-01 | 0 days | 1,804 sqft |
2024-08-01 | 0 days | 1,816 sqft |
2024-09-01 | 0 days | 1,815 sqft |
Sierra Vista's median square footage for active listings during the 2024-09-01 period was 1,815 sqft. One year prior, the average listing was 1,826 sqft.