Sunbury FHA Loan Rates, Closing Costs & Stats

Sunbury, PA

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.

Sunbury's 41 lenders originated 177 FHA loans during 2023. The total origination value was $25,955,000, with an average FHA loan value of $146,638.

Sunbury FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Sunbury averaged 0.16% for the week of 2024-11-29, compared to the national average (all FHA variants) of 0% for the same period.

Sunbury's average FHA mortgage closing costs are $6,678.

The average rate for the prior week (2024-11-22) was 6.55% and one month ago for the week of 2024-10-25, the average rate was 6.43%.

The average rate one year ago was 6.92%.

For refis of the same type during the week of 2024-11-29, the average rate was 1.49%.

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

Sunbury 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 Sunbury level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 45 6.22% $8,056
PRIMELENDING, A PLAINSCAPITAL COMPANY 15 6.66% $7,608
M&T Bank 9 6.35% $5,844
Waterstone Mortgage Corporation 7 6.38% $11,109
ALLIED MORTGAGE GROUP, INC. 6 5.92% $12,109
Mortgage America, Inc. 5 6.63% $6,303
CARDINAL FINANCIAL 4 6.81% $9,232
LOANDEPOT.COM, LLC 4 6.75% $11,371
UNITED WHOLESALE MORTGAGE, LLC 4 5.94% $11,050
BROKER SOLUTIONS, INC. 4 6.84% $8,218
The Ephrata National Bank 3 6.38% $4,820
Fulton Bank 3 5.88% $6,955
CMG MORTGAGE, INC. 2 6.75% $17,376
Century Mortgage Company DBA Century Lending Company 2 6.19% $7,358
CHERRY CREEK MORTGAGE, LLC 2 6.81% $2,119
Citizens Bank 2 6.50% $9,702
FIRST HERITAGE FINANCIAL, LLC 2 6.88% $9,907
GUILD MORTGAGE COMPANY 2 6.63% $8,706
MEMBERS 1ST FEDERAL CREDIT UNION 2 6.69% $5,559
Mortgage Research Center, LLC 2 7.44% $6,658
MOVEMENT MORTGAGE, LLC 2 6.56% $6,337
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.75% $10,995
NATIONS DIRECT MORTGAGE, LLC 2 7.25% $10,685
PENNYMAC LOAN SERVICES, LLC 2 6.50% $7,510
Prosperity Home Mortgage, LLC 2 6.19% $6,722
ROYAL UNITED MORTGAGE LLC 2 6.94% $11,311
PLAZA HOME MORTGAGE, INC. 1 6.25% $9,114
PNC Bank 1 6.75% $5,597
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $8,279
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $9,639
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.13% $9,122
Acre Mortgage and Financial Inc 1 6.13% $11,743
Wells Fargo Bank 1 6.50% $7,962
T2 FINANCIAL LLC 1 7.25% $6,627
Barrington Bank & Trust Company, N.A. 1 6.50% $7,824
THE MORTGAGE LINK, INC. 1 6.63% $7,175
FREEDOM MORTGAGE CORPORATION 1 7.25% $10,574
TOWNE MORTGAGE COMPANY 1 5.99% $10,133
Truist 1 6.13% $13,202
NEWREZ LLC 1 6.75% $11,125
AMERISAVE MORTGAGE CORPORATION 1 5.75% $11,141

The top Sunbury FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 45 FHA loans originated. Their average total fees are $8,056, which is $448 higher than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

The lowest fee Sunbury FHA lenders (with over 10 loans originated) are PRIMELENDING, A PLAINSCAPITAL COMPANY ($7,608), QUICKEN LOANS, LLC ($8,056), .

The lowest rate Sunbury FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.22%), PRIMELENDING, A PLAINSCAPITAL COMPANY (6.66%), .

Sunbury FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sunbury (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 $98,950 (21.4%) $123,915 (5.4%) 0.00 318
2018-02-01 $99,225 (16.8%) $124,949 (5.4%) 0.00 293
2018-03-01 $99,900 (11.5%) $130,504 (4.3%) 0.00 296
2018-04-01 $99,950 (1.2%) $136,196 (0.5%) 0.00 309
2018-05-01 $101,400 (2.0%) $136,819 (2.2%) 0.00 295
2018-06-01 $98,900 (0.2%) $134,963 (3.4%) 0.00 295
2018-07-01 $99,300 (10.5%) $132,907 (8.1%) 0.00 313
2018-08-01 $98,225 (9.3%) $130,150 (3.9%) 0.00 313
2018-09-01 $99,900 (11.1%) $134,708 (10.1%) 0.00 299
2018-10-01 $106,000 (17.9%) $132,997 (6.7%) 0.00 300
2018-11-01 $111,500 (15.0%) $138,444 (11.8%) 0.00 301
2018-12-01 $109,900 (11.1%) $138,822 (12.1%) 0.00 289
2019-01-01 $113,250 (14.5%) $137,553 (11.0%) 0.00 271
2019-02-01 $112,200 (13.1%) $138,422 (10.8%) 0.00 276
2019-03-01 $115,100 (15.2%) $139,712 (7.1%) 0.00 272
2019-04-01 $107,450 (7.5%) $139,416 (2.4%) 0.00 263
2019-05-01 $109,750 (8.2%) $142,835 (4.4%) 0.00 265
2019-06-01 $110,000 (11.2%) $145,370 (7.7%) 0.00 278
2019-07-01 $112,075 (12.9%) $141,721 (6.6%) 0.00 289
2019-08-01 $104,964 (6.9%) $136,155 (4.6%) 0.00 284
2019-09-01 $99,359 (-0.5%) $133,318 (-1.0%) 0.00 270
2019-10-01 $92,288 (-12.9%) $131,423 (-1.2%) 0.00 261
2019-11-01 $85,750 (-23.1%) $128,955 (-6.9%) 0.00 263
2019-12-01 $82,850 (-24.6%) $127,133 (-8.4%) 0.00 253
2020-01-01 $85,625 (-24.4%) $129,091 (-6.2%) 0.00 233
2020-02-01 $75,000 (-33.2%) $126,413 (-8.7%) 0.00 219
2020-03-01 $75,000 (-34.8%) $134,104 (-4.0%) 0.00 224
2020-04-01 $88,000 (-18.1%) $141,600 (1.6%) 0.00 211
2020-05-01 $97,500 (-11.2%) $147,208 (3.1%) 0.00 202
2020-06-01 $96,575 (-12.2%) $159,800 (9.9%) 0.00 176
2020-07-01 $119,900 (7.0%) $162,106 (14.4%) 0.00 177
2020-08-01 $112,950 (7.6%) $155,198 (14.0%) 0.00 170
2020-09-01 $98,100 (-1.3%) $147,513 (10.7%) 0.00 148
2020-10-01 $94,750 (2.7%) $141,193 (7.4%) 0.00 127
2020-11-01 $96,500 (12.5%) $138,940 (7.7%) 0.00 124
2020-12-01 $99,266 (19.8%) $133,448 (5.0%) 0.00 108
2021-01-01 $96,500 (12.7%) $138,549 (7.3%) 0.00 97
2021-02-01 $83,700 (11.6%) $134,113 (6.1%) 0.00 86
2021-03-01 $93,900 (25.2%) $152,928 (14.0%) 0.00 86
2021-04-01 $115,150 (30.9%) $167,169 (18.1%) 0.00 82
2021-05-01 $96,900 (-0.6%) $168,271 (14.3%) 0.00 83
2021-06-01 $81,200 (-15.9%) $146,107 (-8.6%) 0.00 96
2021-07-01 $87,450 (-27.1%) $150,349 (-7.3%) 0.00 120
2021-08-01 $79,900 (-29.3%) $129,629 (-16.5%) 0.00 121
2021-09-01 $87,475 (-10.8%) $143,967 (-2.4%) 0.00 117
2021-10-01 $94,950 (0.2%) $155,767 (10.3%) 0.00 116
2021-11-01 $85,750 (-11.1%) $141,577 (1.9%) 0.00 122
2021-12-01 $85,000 (-14.4%) $147,281 (10.4%) 0.00 112
2022-01-01 $84,900 (-12.0%) $139,849 (0.9%) 0.00 98
2022-02-01 $74,450 (-11.1%) $131,133 (-2.2%) 0.00 76
2022-03-01 $82,825 (-11.8%) $165,280 (8.1%) 0.00 70
2022-04-01 $80,000 (-30.5%) $176,609 (5.7%) 0.00 78
2022-05-01 $84,950 (-12.3%) $167,171 (-0.7%) 0.00 99
2022-06-01 $107,370 (32.2%) $185,664 (27.1%) 0.00 122
2022-07-01 $109,950 (25.7%) $180,430 (20.0%) 0.00 130
2022-08-01 $109,000 (36.4%) $175,596 (35.5%) 0.00 141
2022-09-01 $107,475 (22.9%) $167,326 (16.2%) 0.00 154
2022-10-01 $102,443 (7.9%) $158,100 (1.5%) 0.00 157
2022-11-01 $99,225 (15.7%) $148,648 (5.0%) 0.00 165
2022-12-01 $97,000 (14.1%) $148,891 (1.1%) 0.00 159
2023-01-01 $122,400 (44.2%) $149,633 (7.0%) 0.00 154
2023-02-01 $99,500 (33.7%) $142,781 (8.9%) 0.00 128
2023-03-01 $108,750 (31.3%) $146,668 (-11.3%) 0.00 108
2023-04-01 $118,000 (47.5%) $163,488 (-7.4%) 0.00 111
2023-05-01 $131,175 (54.4%) $185,955 (11.2%) 0.00 108
2023-06-01 $137,475 (28.0%) $192,506 (3.7%) 0.00 123
2023-07-01 $125,000 (13.7%) $194,026 (7.5%) 0.00 122
2023-08-01 $105,700 (-3.0%) $191,067 (8.8%) 0.00 126
2023-09-01 $139,900 (30.2%) $183,186 (9.5%) 0.00 134
2023-10-01 $137,000 (33.7%) $179,999 (13.9%) 0.00 129
2023-11-01 $146,675 (47.8%) $196,110 (31.9%) 0.00 124
2023-12-01 $149,900 (54.5%) $202,003 (35.7%) 0.00 125
2024-01-01 $149,925 (22.5%) $205,147 (37.1%) 0.00 106
2024-02-01 $151,200 (52.0%) $200,189 (40.2%) 0.00 108
2024-03-01 $172,500 (58.6%) $207,356 (41.4%) 0.00 110
2024-04-01 $162,450 (37.7%) $217,417 (33.0%) 0.00 117
2024-05-01 $159,925 (21.9%) $238,013 (28.0%) 0.00 133
2024-06-01 $170,000 (23.7%) $241,543 (25.5%) 0.00 125
2024-07-01 $169,900 (35.9%) $229,211 (18.1%) 0.00 138
2024-08-01 $169,900 (60.7%) $229,739 (20.2%) 0.00 143
2024-09-01 $159,500 (14.0%) $215,727 (17.8%) 0.00 147
2024-10-01 $169,900 (24.0%) $230,581 (28.1%) 0.00 148
Sunbury's median listing price for 2024-10-01 was $169,900, a difference of $32,900 (24.0%) versus the prior year and $10,400 versus the prior month.

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

Sunbury's average listing price for 2024-10-01 was $230,581, a difference of $50,582 (28.1%) versus the prior year and $14,854 versus the prior month.

For the 2024-10-01 period, Sunbury had 148 MLS listings, a difference of 1 listings (1%) versus the prior month and 19 listings (15%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sunbury (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,440 sqft
2018-02-01 0 days 1,456 sqft
2018-03-01 0 days 1,480 sqft
2018-04-01 0 days 1,500 sqft
2018-05-01 0 days 1,536 sqft
2018-06-01 0 days 1,560 sqft
2018-07-01 0 days 1,536 sqft
2018-08-01 0 days 1,536 sqft
2018-09-01 0 days 1,512 sqft
2018-10-01 0 days 1,518 sqft
2018-11-01 0 days 1,558 sqft
2018-12-01 0 days 1,582 sqft
2019-01-01 0 days 1,583 sqft
2019-02-01 0 days 1,552 sqft
2019-03-01 0 days 1,570 sqft
2019-04-01 0 days 1,590 sqft
2019-05-01 0 days 1,633 sqft
2019-06-01 0 days 1,628 sqft
2019-07-01 0 days 1,631 sqft
2019-08-01 0 days 1,600 sqft
2019-09-01 0 days 1,582 sqft
2019-10-01 0 days 1,565 sqft
2019-11-01 0 days 1,560 sqft
2019-12-01 0 days 1,536 sqft
2020-01-01 0 days 1,548 sqft
2020-02-01 0 days 1,467 sqft
2020-03-01 0 days 1,560 sqft
2020-04-01 0 days 1,578 sqft
2020-05-01 0 days 1,624 sqft
2020-06-01 0 days 1,660 sqft
2020-07-01 0 days 1,714 sqft
2020-08-01 0 days 1,646 sqft
2020-09-01 0 days 1,595 sqft
2020-10-01 0 days 1,572 sqft
2020-11-01 0 days 1,557 sqft
2020-12-01 0 days 1,526 sqft
2021-01-01 0 days 1,572 sqft
2021-02-01 0 days 1,577 sqft
2021-03-01 0 days 1,525 sqft
2021-04-01 0 days 1,540 sqft
2021-05-01 0 days 1,376 sqft
2021-06-01 0 days 1,374 sqft
2021-07-01 0 days 1,414 sqft
2021-08-01 0 days 1,362 sqft
2021-09-01 0 days 1,406 sqft
2021-10-01 0 days 1,496 sqft
2021-11-01 0 days 1,470 sqft
2021-12-01 0 days 1,410 sqft
2022-01-01 0 days 1,398 sqft
2022-02-01 0 days 1,346 sqft
2022-03-01 0 days 1,479 sqft
2022-04-01 0 days 1,440 sqft
2022-05-01 0 days 1,405 sqft
2022-06-01 0 days 1,590 sqft
2022-07-01 0 days 1,590 sqft
2022-08-01 0 days 1,544 sqft
2022-09-01 0 days 1,526 sqft
2022-10-01 0 days 1,510 sqft
2022-11-01 0 days 1,500 sqft
2022-12-01 0 days 1,536 sqft
2023-01-01 0 days 1,526 sqft
2023-02-01 0 days 1,433 sqft
2023-03-01 0 days 1,414 sqft
2023-04-01 0 days 1,412 sqft
2023-05-01 0 days 1,574 sqft
2023-06-01 0 days 1,627 sqft
2023-07-01 0 days 1,512 sqft
2023-08-01 0 days 1,538 sqft
2023-09-01 0 days 1,576 sqft
2023-10-01 0 days 1,554 sqft
2023-11-01 0 days 1,547 sqft
2023-12-01 0 days 1,527 sqft
2024-01-01 0 days 1,547 sqft
2024-02-01 0 days 1,570 sqft
2024-03-01 0 days 1,560 sqft
2024-04-01 0 days 1,652 sqft
2024-05-01 0 days 1,680 sqft
2024-06-01 0 days 1,829 sqft
2024-07-01 0 days 1,607 sqft
2024-08-01 0 days 1,592 sqft
2024-09-01 0 days 1,561 sqft
2024-10-01 0 days 1,599 sqft
Sunbury's median listing age (time on market) for 2024-10-01 was 0 days.

Sunbury's median square footage for active listings during the 2024-10-01 period was 1,599 sqft. One year prior, the average listing was 1,554 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).