Sioux City FHA Loan Rates, Closing Costs & Stats
SIOUX CITY, IA-NE-SD
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.
Sioux City's 56 lenders originated 287 FHA loans during 2024. The total origination value was $59,455,000, with an average FHA loan value of $207,160.
Sioux City FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Sioux City
averaged
6.31%
for the week of 2025-04-04, compared to the national average (all FHA variants) of
6.259% for the same period.
Sioux City's average FHA mortgage closing costs are $7,068.
The average rate for the prior week (2025-03-28) was
6.41% and
one month ago for the week of 2025-02-28, the
average rate was 6.49%.
The average rate one year ago was 6.81%.
For refis of the same type during the week of 2025-04-04, the average rate
was 5.75%.
Sioux City 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 Sioux City level.
The top Sioux City FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
31 FHA loans originated. Their average total fees are
$9,462, which is $1,475
higher than the next largest lender,
V.I.P. MORTGAGE, INC..
The lowest fee Sioux City FHA lenders (with over 10 loans originated) are
CHARTER WEST BANK ($7,130), PLAZA HOME MORTGAGE, INC. ($7,381), Plains Commerce Bank ($7,909), V.I.P. MORTGAGE, INC. ($7,988) and NEWREZ LLC ($8,994).
The lowest rate Sioux City FHA lenders (with over 10 loans originated) are
Central Bank (6.20%), CHARTER WEST BANK (6.48%), QUICKEN LOANS, LLC (6.53%), V.I.P. MORTGAGE, INC. (6.56%) and NEWREZ LLC (6.60%).
Sioux City FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
SIOUX CITY, IA-NE-SD | WOODBURY | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SIOUX CITY, IA-NE-SD | DAKOTA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SIOUX CITY, IA-NE-SD | DIXON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SIOUX CITY, IA-NE-SD | UNION | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SIOUX CITY, IA-NE-SD | WOODBURY | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SIOUX CITY, IA-NE-SD | DAKOTA | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SIOUX CITY, IA-NE-SD | DIXON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SIOUX CITY, IA-NE-SD | UNION | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Sioux City (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 | $206,000 (14.5%) | $264,028 (7.2%) | 0.74 | 295 |
2018-02-01 | $209,788 (17.0%) | $267,782 (14.2%) | 0.75 | 282 |
2018-03-01 | $219,900 (18.0%) | $259,655 (7.2%) | 0.71 | 287 |
2018-04-01 | $218,175 (12.8%) | $256,267 (5.0%) | 0.69 | 307 |
2018-05-01 | $225,000 (18.1%) | $262,812 (3.6%) | 0.70 | 295 |
2018-06-01 | $220,000 (15.8%) | $263,302 (4.4%) | 0.72 | 297 |
2018-07-01 | $224,950 (12.8%) | $268,749 (7.5%) | 0.73 | 298 |
2018-08-01 | $213,975 (8.1%) | $260,262 (4.2%) | 0.69 | 298 |
2018-09-01 | $204,500 (2.8%) | $256,206 (1.1%) | 0.70 | 323 |
2018-10-01 | $210,463 (5.3%) | $255,734 (0.8%) | 0.72 | 323 |
2018-11-01 | $203,000 (2.0%) | $252,357 (2.5%) | 0.70 | 334 |
2018-12-01 | $199,900 (-0.1%) | $255,911 (-1.5%) | 0.70 | 326 |
2019-01-01 | $196,624 (-4.6%) | $245,541 (-7.0%) | 0.69 | 326 |
2019-02-01 | $212,988 (1.5%) | $250,438 (-6.5%) | 0.72 | 299 |
2019-03-01 | $229,979 (4.6%) | $264,185 (1.7%) | 0.73 | 275 |
2019-04-01 | $249,963 (14.6%) | $285,470 (11.4%) | 0.76 | 255 |
2019-05-01 | $250,965 (11.5%) | $299,162 (13.8%) | 0.76 | 258 |
2019-06-01 | $259,000 (17.7%) | $304,896 (15.8%) | 0.77 | 267 |
2019-07-01 | $245,000 (8.9%) | $291,915 (8.6%) | 0.73 | 276 |
2019-08-01 | $234,766 (9.7%) | $283,252 (8.8%) | 0.71 | 299 |
2019-09-01 | $219,415 (7.3%) | $268,545 (4.8%) | 0.69 | 331 |
2019-10-01 | $205,213 (-2.5%) | $256,870 (0.4%) | 0.63 | 362 |
2019-11-01 | $199,950 (-1.5%) | $251,561 (-0.3%) | 0.62 | 357 |
2019-12-01 | $197,725 (-1.1%) | $250,771 (-2.0%) | 0.64 | 333 |
2020-01-01 | $199,125 (1.3%) | $251,983 (2.6%) | 0.64 | 319 |
2020-02-01 | $199,700 (-6.2%) | $254,828 (1.8%) | 0.64 | 292 |
2020-03-01 | $214,700 (-6.6%) | $261,794 (-0.9%) | 0.63 | 285 |
2020-04-01 | $219,950 (-12.0%) | $264,407 (-7.4%) | 0.69 | 281 |
2020-05-01 | $232,500 (-7.4%) | $275,857 (-7.8%) | 0.70 | 292 |
2020-06-01 | $234,913 (-9.3%) | $272,724 (-10.6%) | 0.68 | 311 |
2020-07-01 | $238,600 (-2.6%) | $276,174 (-5.4%) | 0.68 | 282 |
2020-08-01 | $225,000 (-4.2%) | $275,181 (-2.9%) | 0.64 | 262 |
2020-09-01 | $223,500 (1.9%) | $278,026 (3.5%) | 0.64 | 259 |
2020-10-01 | $221,950 (8.2%) | $276,867 (7.8%) | 0.62 | 242 |
2020-11-01 | $219,725 (9.9%) | $278,962 (10.9%) | 0.63 | 235 |
2020-12-01 | $227,475 (15.1%) | $275,846 (10.0%) | 0.68 | 204 |
2021-01-01 | $248,450 (24.8%) | $286,919 (13.9%) | 0.73 | 181 |
2021-02-01 | $262,500 (31.5%) | $299,754 (17.6%) | 0.73 | 167 |
2021-03-01 | $269,925 (25.7%) | $304,698 (16.4%) | 0.73 | 157 |
2021-04-01 | $280,950 (27.7%) | $321,419 (21.6%) | 0.75 | 145 |
2021-05-01 | $259,900 (11.8%) | $307,750 (11.6%) | 0.70 | 146 |
2021-06-01 | $254,950 (8.5%) | $293,846 (7.7%) | 0.69 | 157 |
2021-07-01 | $229,000 (-4.0%) | $285,765 (3.5%) | 0.61 | 169 |
2021-08-01 | $221,200 (-1.7%) | $288,245 (4.8%) | 0.60 | 197 |
2021-09-01 | $201,213 (-10.0%) | $268,988 (-3.3%) | 0.54 | 193 |
2021-10-01 | $199,250 (-10.2%) | $260,753 (-5.8%) | 0.53 | 192 |
2021-11-01 | $192,850 (-12.2%) | $296,988 (6.5%) | 0.51 | 171 |
2021-12-01 | $203,725 (-10.4%) | $316,086 (14.6%) | 0.55 | 143 |
2022-01-01 | $205,000 (-17.5%) | $349,540 (21.8%) | 0.55 | 111 |
2022-02-01 | $298,250 (13.6%) | $393,317 (31.2%) | 0.74 | 108 |
2022-03-01 | $307,500 (13.9%) | $402,874 (32.2%) | 0.73 | 97 |
2022-04-01 | $300,000 (6.8%) | $391,673 (21.9%) | 0.73 | 103 |
2022-05-01 | $307,250 (18.2%) | $402,708 (30.9%) | 0.69 | 120 |
2022-06-01 | $312,000 (22.4%) | $405,527 (38.0%) | 0.68 | 141 |
2022-07-01 | $295,000 (28.8%) | $377,764 (32.2%) | 0.66 | 170 |
2022-08-01 | $290,000 (31.1%) | $375,894 (30.4%) | 0.66 | 174 |
2022-09-01 | $279,950 (39.1%) | $369,295 (37.3%) | 0.00 | 177 |
2022-10-01 | $297,000 (49.1%) | $355,854 (36.5%) | 0.00 | 181 |
2022-11-01 | $297,100 (54.1%) | $353,361 (19.0%) | 0.00 | 216 |
2022-12-01 | $314,700 (54.5%) | $393,947 (24.6%) | 0.00 | 215 |
2023-01-01 | $315,275 (53.8%) | $400,723 (14.6%) | 0.00 | 191 |
2023-02-01 | $315,750 (5.9%) | $409,045 (4.0%) | 0.00 | 189 |
2023-03-01 | $339,500 (10.4%) | $431,840 (7.2%) | 0.00 | 177 |
2023-04-01 | $360,000 (20.0%) | $439,465 (12.2%) | 0.00 | 170 |
2023-05-01 | $336,844 (9.6%) | $433,404 (7.6%) | 0.00 | 181 |
2023-06-01 | $346,000 (10.9%) | $435,517 (7.4%) | 0.00 | 191 |
2023-07-01 | $339,900 (15.2%) | $416,611 (10.3%) | 0.00 | 203 |
2023-08-01 | $319,475 (10.2%) | $409,050 (8.8%) | 0.00 | 212 |
2023-09-01 | $284,975 (1.8%) | $388,697 (5.3%) | 0.00 | 252 |
2023-10-01 | $271,363 (-8.6%) | $380,814 (7.0%) | 0.00 | 246 |
2023-11-01 | $252,400 (-15.1%) | $352,598 (-0.2%) | 0.00 | 259 |
2023-12-01 | $252,950 (-19.6%) | $357,123 (-9.4%) | 0.00 | 241 |
2024-01-01 | $252,000 (-20.1%) | $357,508 (-10.8%) | 0.00 | 220 |
2024-02-01 | $250,363 (-20.7%) | $363,934 (-11.0%) | 0.00 | 203 |
2024-03-01 | $284,950 (-16.1%) | $385,642 (-10.7%) | 0.00 | 223 |
2024-04-01 | $304,988 (-15.3%) | $387,663 (-11.8%) | 0.00 | 233 |
2024-05-01 | $324,988 (-3.5%) | $397,509 (-8.3%) | 0.00 | 241 |
2024-06-01 | $315,000 (-9.0%) | $388,019 (-10.9%) | 0.00 | 252 |
2024-07-01 | $306,125 (-9.9%) | $377,818 (-9.3%) | 0.00 | 263 |
2024-08-01 | $279,000 (-12.7%) | $365,937 (-10.5%) | 0.00 | 268 |
2024-09-01 | $295,000 (3.5%) | $375,589 (-3.4%) | 0.00 | 268 |
2024-10-01 | $284,450 (4.8%) | $374,510 (-1.7%) | 0.00 | 260 |
2024-11-01 | $282,500 (11.9%) | $362,525 (2.8%) | 0.00 | 253 |
2024-12-01 | $289,725 (14.5%) | $356,378 (-0.2%) | 0.00 | 230 |
2025-01-01 | $295,983 (17.5%) | $361,439 (1.1%) | 0.00 | 216 |
2025-02-01 | $299,950 (19.8%) | $377,717 (3.8%) | 0.00 | 217 |
2025-03-01 | $299,950 (5.3%) | $396,273 (2.8%) | 0.00 | 213 |
Sioux City's median listing price comes in at 0% of the national average.
Sioux City's average listing price for 2025-03-01 was $396,273, a difference of $10,631 (2.8%) versus the prior year and $18,556 versus the prior month.
For the 2025-03-01 period, Sioux City had 213 MLS listings, a difference of -4 listings (-2%) versus the prior month and -10 listings (-4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sioux City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 95 days | 1,904 sqft |
2018-02-01 | 94 days | 1,961 sqft |
2018-03-01 | 74 days | 1,910 sqft |
2018-04-01 | 50 days | 1,904 sqft |
2018-05-01 | 53 days | 1,947 sqft |
2018-06-01 | 57 days | 1,952 sqft |
2018-07-01 | 61 days | 1,950 sqft |
2018-08-01 | 58 days | 2,016 sqft |
2018-09-01 | 51 days | 1,964 sqft |
2018-10-01 | 58 days | 1,978 sqft |
2018-11-01 | 59 days | 1,918 sqft |
2018-12-01 | 72 days | 1,899 sqft |
2019-01-01 | 88 days | 1,878 sqft |
2019-02-01 | 95 days | 1,816 sqft |
2019-03-01 | 90 days | 1,844 sqft |
2019-04-01 | 64 days | 1,890 sqft |
2019-05-01 | 48 days | 1,969 sqft |
2019-06-01 | 56 days | 2,016 sqft |
2019-07-01 | 52 days | 1,980 sqft |
2019-08-01 | 55 days | 1,967 sqft |
2019-09-01 | 51 days | 1,949 sqft |
2019-10-01 | 49 days | 1,924 sqft |
2019-11-01 | 59 days | 1,917 sqft |
2019-12-01 | 72 days | 1,937 sqft |
2020-01-01 | 84 days | 1,933 sqft |
2020-02-01 | 80 days | 1,932 sqft |
2020-03-01 | 63 days | 1,960 sqft |
2020-04-01 | 67 days | 1,910 sqft |
2020-05-01 | 64 days | 1,932 sqft |
2020-06-01 | 54 days | 1,920 sqft |
2020-07-01 | 57 days | 1,905 sqft |
2020-08-01 | 65 days | 1,820 sqft |
2020-09-01 | 58 days | 1,833 sqft |
2020-10-01 | 55 days | 1,898 sqft |
2020-11-01 | 58 days | 1,830 sqft |
2020-12-01 | 71 days | 1,737 sqft |
2021-01-01 | 85 days | 1,751 sqft |
2021-02-01 | 94 days | 1,731 sqft |
2021-03-01 | 64 days | 1,790 sqft |
2021-04-01 | 50 days | 1,914 sqft |
2021-05-01 | 38 days | 1,864 sqft |
2021-06-01 | 37 days | 1,862 sqft |
2021-07-01 | 32 days | 1,836 sqft |
2021-08-01 | 38 days | 1,711 sqft |
2021-09-01 | 41 days | 1,622 sqft |
2021-10-01 | 37 days | 1,658 sqft |
2021-11-01 | 45 days | 1,610 sqft |
2021-12-01 | 55 days | 1,591 sqft |
2022-01-01 | 67 days | 1,550 sqft |
2022-02-01 | 37 days | 1,687 sqft |
2022-03-01 | 46 days | 1,744 sqft |
2022-04-01 | 38 days | 1,730 sqft |
2022-05-01 | 34 days | 1,793 sqft |
2022-06-01 | 30 days | 1,920 sqft |
2022-07-01 | 35 days | 1,877 sqft |
2022-08-01 | 39 days | 1,895 sqft |
2022-09-01 | 0 days | 1,882 sqft |
2022-10-01 | 0 days | 1,977 sqft |
2022-11-01 | 0 days | 1,916 sqft |
2022-12-01 | 0 days | 2,098 sqft |
2023-01-01 | 0 days | 2,139 sqft |
2023-02-01 | 0 days | 2,135 sqft |
2023-03-01 | 0 days | 2,239 sqft |
2023-04-01 | 0 days | 2,352 sqft |
2023-05-01 | 0 days | 2,096 sqft |
2023-06-01 | 0 days | 2,167 sqft |
2023-07-01 | 0 days | 2,072 sqft |
2023-08-01 | 0 days | 2,100 sqft |
2023-09-01 | 0 days | 2,062 sqft |
2023-10-01 | 0 days | 1,981 sqft |
2023-11-01 | 0 days | 1,845 sqft |
2023-12-01 | 0 days | 1,822 sqft |
2024-01-01 | 0 days | 1,809 sqft |
2024-02-01 | 0 days | 1,844 sqft |
2024-03-01 | 0 days | 1,884 sqft |
2024-04-01 | 0 days | 2,045 sqft |
2024-05-01 | 0 days | 2,026 sqft |
2024-06-01 | 0 days | 2,092 sqft |
2024-07-01 | 0 days | 1,976 sqft |
2024-08-01 | 0 days | 1,980 sqft |
2024-09-01 | 0 days | 2,013 sqft |
2024-10-01 | 0 days | 1,990 sqft |
2024-11-01 | 0 days | 1,912 sqft |
2024-12-01 | 0 days | 1,820 sqft |
2025-01-01 | 0 days | 1,839 sqft |
2025-02-01 | 0 days | 1,865 sqft |
2025-03-01 | 0 days | 1,919 sqft |
Sioux City's median square footage for active listings during the 2025-03-01 period was 1,919 sqft. One year prior, the average listing was 1,884 sqft.