Stevens Point FHA Loan Rates, Closing Costs & Stats

Stevens Point, WI

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.

Stevens Point's 33 lenders originated 71 FHA loans during 2024. The total origination value was $15,375,000, with an average FHA loan value of $216,549.

Stevens Point FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Stevens Point averaged 6.24% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

Stevens Point's average FHA mortgage closing costs are $6,787.

The average rate for the prior week (2025-03-28) was 6.64% and one month ago for the week of 2025-02-28, the average rate was 6.32%.

The average rate one year ago was 6.94%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.16%.

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

Stevens Point 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 Stevens Point level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 5 5.72% $9,109
PENNYMAC LOAN SERVICES, LLC 4 5.94% $14,857
Ixonia Bank 4 7.09% $8,290
QUICKEN LOANS, LLC 4 6.25% $8,939
BROKER SOLUTIONS, INC. 3 6.67% $18,615
GUILD MORTGAGE COMPANY 3 6.50% $8,625
First Federal Bank 3 6.21% $6,603
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.29% $12,294
LOANDEPOT.COM, LLC 3 5.75% $11,117
V.I.P. MORTGAGE, INC. 3 6.46% $5,796
FREEDOM MORTGAGE CORPORATION 2 5.88% $8,970
MLD MORTGAGE INC. 1 6.75% $8,183
MOVEMENT MORTGAGE, LLC 1 6.88% $10,996
Mr. Cooper ( Nationstar Mortgage ) 1 6.00% $12,210
Nations Lending Corporation 1 6.75% $11,915
OCEANSIDE MORTGAGE COMPANY 1 5.75% $4,390
Paramount Residential Mortgage Group, Inc. 1 6.75% $11,090
Plains Commerce Bank 1 7.50% $13,514
Prosperity Home Mortgage, LLC 1 5.62% $7,106
TOWNE MORTGAGE COMPANY 1 6.75% $5,794
U.S. Bank 1 6.75% $6,765
AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $11,659
Waterstone Mortgage Corporation 1 7.63% $9,535
AMERICAN FINANCING CORPORATION 1 5.88% $14,776
Associated Bank 1 6.38% $5,721
Bank Five Nine 1 5.25% $18,534
Barrington Bank & Trust Company, N.A. 1 6.75% $13,793
Carrington Mortgage Services, LLC 1 7.63% $12,962
Century Mortgage Company DBA Century Lending Company 1 5.63% $12,810
CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $9,395
EMM LOANS LLC 1 6.25% $12,274
Equity Prime Mortgage LLC 1 7.75% $7,545
LIBERTY HOME MORTGAGE CORPORATION 1 7.25% $15,028

The top Stevens Point FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 5 FHA loans originated. Their average total fees are $9,109, which is $5,749 lower than the next largest lender, PENNYMAC LOAN SERVICES, LLC.

The lowest fee Stevens Point FHA lenders (with over 10 loans originated) are .

The lowest rate Stevens Point FHA lenders (with over 10 loans originated) are .

Stevens Point FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Stevens Point (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 $199,900 (17.7%) $246,971 (13.4%) 0.00 179
2018-02-01 $208,675 (22.8%) $246,302 (13.1%) 0.00 171
2018-03-01 $228,900 (20.5%) $249,616 (8.5%) 0.00 171
2018-04-01 $234,900 (20.7%) $263,791 (13.8%) 0.00 181
2018-05-01 $227,400 (11.6%) $253,782 (6.3%) 0.00 220
2018-06-01 $218,900 (9.5%) $246,809 (2.5%) 0.00 273
2018-07-01 $219,900 (4.8%) $247,527 (1.2%) 0.00 265
2018-08-01 $219,900 (8.7%) $247,030 (2.2%) 0.00 248
2018-09-01 $215,000 (8.0%) $249,223 (5.1%) 0.00 234
2018-10-01 $203,700 (2.1%) $245,465 (2.7%) 0.00 232
2018-11-01 $199,900 (0.2%) $249,000 (3.1%) 0.00 198
2018-12-01 $191,250 (-4.3%) $238,719 (-3.1%) 0.00 169
2019-01-01 $187,450 (-6.2%) $245,736 (-0.5%) 0.00 140
2019-02-01 $199,900 (-4.2%) $253,495 (2.9%) 0.00 136
2019-03-01 $210,614 (-8.0%) $258,347 (3.5%) 0.00 147
2019-04-01 $228,650 (-2.7%) $264,439 (0.3%) 0.00 162
2019-05-01 $239,900 (5.5%) $259,657 (2.3%) 0.00 201
2019-06-01 $227,450 (3.9%) $246,118 (-0.3%) 0.00 261
2019-07-01 $226,175 (2.9%) $245,173 (-1.0%) 0.00 262
2019-08-01 $225,823 (2.7%) $247,553 (0.2%) 0.00 245
2019-09-01 $219,707 (2.2%) $250,412 (0.5%) 0.00 245
2019-10-01 $215,630 (5.9%) $252,335 (2.8%) 0.00 237
2019-11-01 $212,450 (6.3%) $256,340 (3.0%) 0.00 211
2019-12-01 $217,400 (13.7%) $257,691 (8.0%) 0.00 178
2020-01-01 $223,700 (19.3%) $259,654 (5.7%) 0.00 156
2020-02-01 $228,900 (14.5%) $261,193 (3.0%) 0.00 166
2020-03-01 $237,675 (12.9%) $265,701 (2.9%) 0.00 172
2020-04-01 $239,900 (4.9%) $264,258 (-0.1%) 0.00 176
2020-05-01 $279,900 (16.7%) $295,224 (13.7%) 0.00 91
2020-06-01 $263,700 (15.9%) $297,346 (20.8%) 0.00 92
2020-07-01 $273,400 (20.9%) $297,864 (21.5%) 0.00 84
2020-08-01 $270,000 (19.6%) $307,770 (24.3%) 0.00 81
2020-09-01 $270,735 (23.2%) $308,633 (23.3%) 0.00 83
2020-10-01 $250,000 (15.9%) $282,796 (12.1%) 0.00 83
2020-11-01 $244,325 (15.0%) $284,468 (11.0%) 0.00 79
2020-12-01 $219,150 (0.8%) $293,293 (13.8%) 0.00 61
2021-01-01 $254,950 (14.0%) $302,663 (16.6%) 0.00 46
2021-02-01 $263,175 (15.0%) $310,486 (18.9%) 0.00 48
2021-03-01 $261,450 (10.0%) $315,429 (18.7%) 0.00 42
2021-04-01 $290,906 (21.3%) $329,032 (24.5%) 0.00 40
2021-05-01 $299,900 (7.2%) $348,964 (18.2%) 0.00 39
2021-06-01 $279,925 (6.2%) $323,535 (8.8%) 0.00 58
2021-07-01 $277,400 (1.5%) $315,742 (6.0%) 0.00 70
2021-08-01 $259,450 (-3.9%) $311,038 (1.1%) 0.00 80
2021-09-01 $290,675 (7.4%) $318,390 (3.2%) 0.00 77
2021-10-01 $289,900 (16.0%) $327,802 (15.9%) 0.00 75
2021-11-01 $297,400 (21.7%) $318,111 (11.8%) 0.00 70
2021-12-01 $297,400 (35.7%) $319,537 (9.0%) 0.00 61
2022-01-01 $325,000 (27.5%) $417,675 (38.0%) 0.00 49
2022-02-01 $338,258 (28.5%) $429,687 (38.4%) 0.00 38
2022-03-01 $338,495 (29.5%) $424,224 (34.5%) 0.00 34
2022-04-01 $322,780 (11.0%) $420,174 (27.7%) 0.00 30
2022-05-01 $322,800 (7.6%) $337,410 (-3.3%) 0.00 43
2022-06-01 $304,900 (8.9%) $328,960 (1.7%) 0.00 49
2022-07-01 $369,900 (33.4%) $423,896 (34.3%) 0.00 48
2022-08-01 $359,750 (38.7%) $433,156 (39.3%) 0.00 49
2022-09-01 $374,014 (28.7%) $429,277 (34.8%) 0.00 55
2022-10-01 $349,900 (20.7%) $431,916 (31.8%) 0.00 47
2022-11-01 $390,585 (31.3%) $475,056 (49.3%) 0.00 48
2022-12-01 $385,000 (29.5%) $399,152 (24.9%) 0.00 47
2023-01-01 $372,114 (14.5%) $376,274 (-9.9%) 0.00 35
2023-02-01 $364,685 (7.8%) $373,142 (-13.2%) 0.00 38
2023-03-01 $372,360 (10.0%) $398,421 (-6.1%) 0.00 40
2023-04-01 $353,685 (9.6%) $451,105 (7.4%) 0.00 37
2023-05-01 $336,200 (4.2%) $432,723 (28.3%) 0.00 39
2023-06-01 $300,800 (-1.3%) $387,987 (17.9%) 0.00 57
2023-07-01 $329,900 (-10.8%) $396,061 (-6.6%) 0.00 61
2023-08-01 $351,818 (-2.2%) $375,168 (-13.4%) 0.00 63
2023-09-01 $350,000 (-6.4%) $389,742 (-9.2%) 0.00 74
2023-10-01 $342,900 (-2.0%) $389,467 (-9.8%) 0.00 76
2023-11-01 $329,925 (-15.5%) $374,391 (-21.2%) 0.00 80
2023-12-01 $325,000 (-15.6%) $368,876 (-7.6%) 0.00 67
2024-01-01 $338,675 (-9.0%) $389,513 (3.5%) 0.00 60
2024-02-01 $363,843 (-0.2%) $384,245 (3.0%) 0.00 51
2024-03-01 $368,685 (-1.0%) $393,426 (-1.3%) 0.00 52
2024-04-01 $373,793 (5.7%) $421,722 (-6.5%) 0.00 52
2024-05-01 $381,896 (13.6%) $402,060 (-7.1%) 0.00 54
2024-06-01 $379,500 (26.2%) $404,963 (4.4%) 0.00 58
2024-07-01 $381,055 (15.5%) $400,794 (1.2%) 0.00 69
2024-08-01 $377,450 (7.3%) $442,598 (18.0%) 0.00 81
2024-09-01 $380,382 (8.7%) $431,639 (10.8%) 0.00 86
2024-10-01 $381,287 (11.2%) $431,605 (10.8%) 0.00 75
2024-11-01 $384,900 (16.7%) $432,338 (15.5%) 0.00 72
2024-12-01 $382,977 (17.8%) $436,177 (18.3%) 0.00 69
2025-01-01 $380,846 (12.5%) $436,972 (12.2%) 0.00 59
2025-02-01 $388,675 (6.8%) $386,669 (0.6%) 0.00 48
2025-03-01 $384,900 (4.4%) $416,287 (5.8%) 0.00 41
Stevens Point's median listing price for 2025-03-01 was $384,900, a difference of $16,215 (4.4%) versus the prior year and $-3,775 versus the prior month.

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

Stevens Point's average listing price for 2025-03-01 was $416,287, a difference of $22,861 (5.8%) versus the prior year and $29,618 versus the prior month.

For the 2025-03-01 period, Stevens Point had 41 MLS listings, a difference of -7 listings (-15%) versus the prior month and -11 listings (-21%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Stevens Point (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,005 sqft
2018-02-01 0 days 2,034 sqft
2018-03-01 0 days 2,135 sqft
2018-04-01 0 days 2,165 sqft
2018-05-01 0 days 2,128 sqft
2018-06-01 0 days 2,038 sqft
2018-07-01 0 days 2,047 sqft
2018-08-01 0 days 2,050 sqft
2018-09-01 0 days 2,064 sqft
2018-10-01 0 days 2,060 sqft
2018-11-01 0 days 2,094 sqft
2018-12-01 0 days 1,983 sqft
2019-01-01 0 days 1,971 sqft
2019-02-01 0 days 1,979 sqft
2019-03-01 0 days 2,012 sqft
2019-04-01 0 days 2,070 sqft
2019-05-01 0 days 2,087 sqft
2019-06-01 0 days 2,034 sqft
2019-07-01 0 days 2,065 sqft
2019-08-01 0 days 2,084 sqft
2019-09-01 0 days 2,113 sqft
2019-10-01 0 days 2,137 sqft
2019-11-01 0 days 2,172 sqft
2019-12-01 0 days 2,174 sqft
2020-01-01 0 days 2,160 sqft
2020-02-01 0 days 2,177 sqft
2020-03-01 0 days 2,223 sqft
2020-04-01 0 days 2,105 sqft
2020-05-01 0 days 2,400 sqft
2020-06-01 0 days 2,269 sqft
2020-07-01 0 days 2,333 sqft
2020-08-01 0 days 2,252 sqft
2020-09-01 0 days 2,227 sqft
2020-10-01 0 days 2,026 sqft
2020-11-01 0 days 1,978 sqft
2020-12-01 0 days 1,945 sqft
2021-01-01 0 days 1,892 sqft
2021-02-01 0 days 1,966 sqft
2021-03-01 0 days 1,989 sqft
2021-04-01 0 days 2,063 sqft
2021-05-01 0 days 2,022 sqft
2021-06-01 0 days 1,959 sqft
2021-07-01 0 days 2,018 sqft
2021-08-01 0 days 2,035 sqft
2021-09-01 0 days 2,090 sqft
2021-10-01 0 days 2,038 sqft
2021-11-01 0 days 2,021 sqft
2021-12-01 0 days 2,011 sqft
2022-01-01 0 days 2,090 sqft
2022-02-01 0 days 2,062 sqft
2022-03-01 0 days 1,995 sqft
2022-04-01 0 days 1,942 sqft
2022-05-01 0 days 1,941 sqft
2022-06-01 0 days 1,956 sqft
2022-07-01 0 days 2,110 sqft
2022-08-01 0 days 2,161 sqft
2022-09-01 0 days 2,193 sqft
2022-10-01 0 days 2,096 sqft
2022-11-01 0 days 2,416 sqft
2022-12-01 0 days 2,352 sqft
2023-01-01 0 days 1,995 sqft
2023-02-01 0 days 1,926 sqft
2023-03-01 0 days 1,915 sqft
2023-04-01 0 days 1,840 sqft
2023-05-01 0 days 1,731 sqft
2023-06-01 0 days 1,778 sqft
2023-07-01 0 days 1,850 sqft
2023-08-01 0 days 2,061 sqft
2023-09-01 0 days 2,154 sqft
2023-10-01 0 days 2,094 sqft
2023-11-01 0 days 2,090 sqft
2023-12-01 0 days 2,014 sqft
2024-01-01 0 days 2,111 sqft
2024-02-01 0 days 1,958 sqft
2024-03-01 0 days 1,890 sqft
2024-04-01 0 days 2,006 sqft
2024-05-01 0 days 1,888 sqft
2024-06-01 0 days 1,932 sqft
2024-07-01 0 days 1,919 sqft
2024-08-01 0 days 2,016 sqft
2024-09-01 0 days 2,015 sqft
2024-10-01 0 days 1,931 sqft
2024-11-01 0 days 1,998 sqft
2024-12-01 0 days 2,004 sqft
2025-01-01 0 days 2,019 sqft
2025-02-01 0 days 1,912 sqft
2025-03-01 0 days 1,910 sqft
Stevens Point's median listing age (time on market) for 2025-03-01 was 0 days.

Stevens Point's median square footage for active listings during the 2025-03-01 period was 1,910 sqft. One year prior, the average listing was 1,890 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).