Warren FHA Loans
WARREN-TROY-FARMINGTON HILLS, MI
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.
Warren's 193 lenders originated 10,406 FHA
loans during 2021. The total origination value was $2,048,060,000, with an average FHA loan value of
$196,815.
Warren FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Warren
averaged
4.79%
for the week of 2022-03-25, compared to the national average (all FHA variants) of
4.648% for the same period.
The average rate for the prior week (2022-03-18) was
4.21% and
one month ago for the week of 2022-02-18, the
average rate was 4.24%.
The average rate one year ago was 3.47%.
For refis of the same type during the week of 2022-03-25, the average rate
was 4.41%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Warren FHA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Warren level.
Name |
# of Loans |
2021 Avg. 30yFix Rate |
2021 Avg. Total Fees |
QUICKEN LOANS, LLC
|
2,386
|
2.76%
|
$5,517
|
UNITED WHOLESALE MORTGAGE, LLC
|
913
|
2.84%
|
$7,142
|
MORTGAGE 1 INCORPORATED
|
499
|
3.38%
|
$7,920
|
CALIBER HOME LOANS, INC.
|
397
|
3.03%
|
$6,270
|
FREEDOM MORTGAGE CORPORATION
|
306
|
2.92%
|
$4,495
|
LAKEVIEW LOAN SERVICING, LLC
|
242
|
3.09%
|
$4,537
|
Mr. Cooper ( Nationstar Mortgage )
|
221
|
3.24%
|
$4,431
|
MICHIGAN MUTUAL, INC.
|
209
|
3.33%
|
$6,652
|
CROSSCOUNTRY MORTGAGE, LLC
|
201
|
3.31%
|
$7,534
|
Flagstar Bank, FSB
|
181
|
3.08%
|
$6,022
|
PENNYMAC LOAN SERVICES, LLC
|
170
|
3.14%
|
$4,309
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
135
|
3.29%
|
$6,763
|
HOME POINT FINANCIAL CORPORATION
|
124
|
3.04%
|
$6,250
|
The Huntington National Bank
|
114
|
3.10%
|
$6,364
|
VILLAGE CAPITAL & INVESTMENT LLC
|
111
|
2.88%
|
$2,951
|
LOANDEPOT.COM, LLC
|
110
|
3.21%
|
$7,262
|
AMERIFIRST FINANCIAL CORPORATION
|
102
|
3.79%
|
$6,827
|
Carrington Mortgage Services, LLC
|
99
|
3.57%
|
$7,685
|
UNION HOME MORTGAGE CORP.
|
98
|
3.39%
|
$7,079
|
Platinum Home Mortgage Corporation
|
92
|
3.20%
|
$7,314
|
STAUNTON FINANCIAL, INC.
|
88
|
3.10%
|
$6,755
|
J. VIRGIL, INC.
|
83
|
3.19%
|
$8,813
|
NEWREZ LLC
|
73
|
3.00%
|
$5,495
|
BROKER SOLUTIONS, INC.
|
69
|
3.17%
|
$7,372
|
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP
|
68
|
3.09%
|
$7,145
|
MICHIGAN FIRST CREDIT UNION
|
68
|
3.42%
|
$6,235
|
ROSS MORTGAGE CORPORATION
|
60
|
3.40%
|
$7,594
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
55
|
2.82%
|
$5,819
|
AmeriHome Mortgage Company, LLC
|
54
|
2.98%
|
$4,466
|
First State Bank
|
53
|
3.24%
|
$5,876
|
LAKE MICHIGAN CREDIT UNION
|
51
|
2.95%
|
$7,087
|
SUMMIT FUNDING, INC.
|
50
|
3.26%
|
$7,397
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
49
|
3.33%
|
$6,334
|
AMERISAVE MORTGAGE CORPORATION
|
49
|
2.96%
|
$7,951
|
RUOFF MORTGAGE COMPANY, INC.
|
47
|
3.41%
|
$5,597
|
SUCCESS MORTGAGE PARTNERS, INC.
|
46
|
3.28%
|
$8,595
|
HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
|
43
|
3.21%
|
$7,613
|
BLG HOLDINGS, INC.
|
41
|
3.34%
|
$6,701
|
TOWNE MORTGAGE COMPANY
|
41
|
3.32%
|
$7,560
|
EVERETT FINANCIAL, INC.
|
40
|
3.94%
|
$5,648
|
MICHIGAN SCHOOLS AND GOVERNMENT
|
40
|
3.11%
|
$5,813
|
MEMBER FIRST MORTGAGE, LLC
|
38
|
3.24%
|
$6,066
|
Preston Home Loans Inc
|
38
|
3.05%
|
$7,484
|
ACADEMY MORTGAGE CORPORATION
|
37
|
3.25%
|
$7,401
|
PLAZA HOME MORTGAGE, INC.
|
37
|
3.13%
|
$6,816
|
Lakeview Community Capital, LLC
|
37
|
3.05%
|
$4,122
|
First Guaranty Mortgage Corporation
|
36
|
2.94%
|
$5,534
|
HOMESITE MORTGAGE, LLC
|
36
|
3.08%
|
$7,724
|
UNIVERSITY LENDING GROUP, LLC
|
36
|
3.15%
|
$6,883
|
Citizens Bank
|
33
|
2.88%
|
$6,033
|
CMG MORTGAGE, INC.
|
32
|
3.43%
|
$8,836
|
MORTGAGE CENTER L.C
|
32
|
3.23%
|
$5,957
|
MID AMERICA MORTGAGE, INC.
|
30
|
3.30%
|
$3,955
|
JPMorgan Chase Bank
|
29
|
2.98%
|
$4,071
|
Paramount Residential Mortgage Group, Inc.
|
28
|
3.50%
|
$8,413
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
28
|
3.71%
|
$7,788
|
PLANET HOME LENDING, LLC
|
27
|
2.80%
|
$4,489
|
ENVOY MORTGAGE, LTD
|
26
|
3.41%
|
$7,038
|
Independent Bank
|
25
|
3.21%
|
$6,882
|
GUARANTEED RATE, INC.
|
23
|
2.96%
|
$6,633
|
First Savings Bank
|
22
|
3.21%
|
$9,131
|
NATIONS DIRECT MORTGAGE, LLC
|
20
|
3.19%
|
$9,062
|
Bank of England
|
20
|
3.31%
|
$7,864
|
TOP FLITE FINANCIAL, INC.
|
19
|
3.47%
|
$7,552
|
AMERICAN FINANCIAL NETWORK, INC.
|
18
|
3.13%
|
$11,374
|
SUN WEST MORTGAGE COMPANY, INC.
|
17
|
2.92%
|
$6,183
|
GENEVA FINANCIAL, LLC
|
16
|
3.21%
|
$7,633
|
Fifth Third Bank
|
16
|
3.13%
|
$5,614
|
STOCKTON MORTGAGE CORPORATION
|
16
|
3.16%
|
$9,078
|
UNITED SECURITY FINANCIAL CORP
|
16
|
2.79%
|
$5,298
|
SOUTHWEST FUNDING, LP
|
16
|
3.49%
|
$10,582
|
Level One Bank
|
14
|
3.15%
|
$7,254
|
TCF National Bank
|
14
|
2.71%
|
$6,120
|
PNC Bank
|
14
|
2.82%
|
$5,073
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
13
|
3.09%
|
$7,668
|
Equity Prime Mortgage LLC
|
13
|
3.36%
|
$7,334
|
Luxury Mortgage Corp.
|
13
|
3.42%
|
$8,360
|
OCEANSIDE MORTGAGE COMPANY
|
13
|
2.84%
|
$2,602
|
Prosperity Home Mortgage, LLC
|
12
|
3.73%
|
$6,857
|
Nations Lending Corporation
|
12
|
3.18%
|
$10,057
|
InterContinental Capital Group, Inc
|
11
|
2.90%
|
$6,746
|
Bank of America
|
11
|
2.69%
|
$4,948
|
Mortgage Research Center, LLC
|
10
|
2.94%
|
$6,428
|
ADVISORS CAPITAL, INC.
|
10
|
3.10%
|
$7,181
|
U.S. Bank
|
10
|
3.44%
|
$6,657
|
KELLER MORTGAGE, LLC
|
10
|
3.09%
|
$5,475
|
HANCOCK MORTGAGE PARTNERS, LLC
|
9
|
3.18%
|
$7,884
|
THE ANDERSON FINANCIAL GROUP, INC.
|
9
|
2.65%
|
$6,472
|
HOMESIDE FINANCIAL, LLC
|
9
|
2.97%
|
$8,672
|
DAS Acquisition Company, LLC
|
8
|
3.23%
|
$7,678
|
FINANCE OF AMERICA MORTGAGE LLC
|
8
|
3.28%
|
$6,647
|
MOVEMENT MORTGAGE, LLC
|
7
|
3.57%
|
$7,356
|
Manufacturers and Traders Trust Company
|
6
|
3.21%
|
$7,359
|
Hometown Equity Mortgage, LLC
|
6
|
3.81%
|
$9,085
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
5
|
3.18%
|
$5,346
|
ChoiceOne Bank
|
5
|
3.33%
|
$5,696
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
5
|
3.60%
|
$5,957
|
RELIANCE FIRST CAPITAL, LLC
|
5
|
3.13%
|
$8,253
|
EMBRACE HOME LOANS, INC.
|
5
|
3.05%
|
$5,860
|
INSPIRE HOME LOANS INC.
|
5
|
3.48%
|
$7,104
|
PREMIA MORTGAGE, LLC
|
5
|
2.80%
|
$7,161
|
AMERICAN FINANCING CORPORATION
|
5
|
3.08%
|
$6,531
|
HARTFORD FUNDING, LTD.
|
5
|
3.08%
|
$7,784
|
FIRST HERITAGE FINANCIAL, LLC
|
4
|
3.41%
|
$7,018
|
GVC MORTGAGE, INC.
|
4
|
3.66%
|
$6,333
|
TJC Mortgage, Inc.
|
4
|
2.91%
|
$7,404
|
Goldwater Bank, N.A.
|
4
|
3.31%
|
$7,121
|
The Federal Savings Bank
|
4
|
2.63%
|
$9,473
|
ARC HOME LLC
|
4
|
3.00%
|
$7,908
|
SOVEREIGN LENDING GROUP INCORPORATED
|
4
|
2.97%
|
$7,285
|
LIBERTY HOME MORTGAGE CORPORATION
|
4
|
3.12%
|
$10,209
|
Dort Financial Credit Union
|
4
|
3.50%
|
$6,823
|
PULTE MORTGAGE LLC
|
4
|
3.09%
|
$11,357
|
DIAMOND RESIDENTIAL MORTGAGE CORPORATION
|
4
|
3.22%
|
$8,303
|
EMM LOANS LLC
|
4
|
2.63%
|
$11,161
|
Century Mortgage Company DBA Century Lending Company
|
4
|
3.00%
|
$6,798
|
Northpointe Bank
|
4
|
3.78%
|
$6,119
|
NATIONS RELIABLE LENDING, LLC
|
4
|
3.25%
|
$7,093
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
3
|
2.67%
|
$6,705
|
GUARANTY HOME MORTGAGE CORPORATION
|
3
|
3.08%
|
$6,278
|
Ixonia Bank
|
3
|
4.21%
|
$7,824
|
Mercantile Bank of Michigan
|
3
|
2.75%
|
$5,952
|
ZILLOW HOME LOANS, LLC
|
3
|
2.92%
|
$6,952
|
Peoples Bank
|
3
|
3.21%
|
$10,645
|
CHURCHILL MORTGAGE CORPORATION
|
3
|
3.21%
|
$6,788
|
RESIDENTIAL BANCORP.
|
3
|
2.79%
|
$6,225
|
Barrington Bank & Trust Company, N.A.
|
3
|
3.33%
|
$4,679
|
Bank of Ann Arbor
|
3
|
2.88%
|
$5,569
|
STEARNS LENDING, LLC
|
3
|
2.58%
|
$14,584
|
Christensen Financial, Inc.
|
2
|
3.44%
|
$7,807
|
Willamette Valley Bank
|
2
|
3.19%
|
$8,165
|
VANDERBILT MORTGAGE AND FINANCE, INC.
|
2
|
3.06%
|
$9,165
|
PHH Mortgage Corporation
|
2
|
3.25%
|
$3,673
|
First Federal Bank
|
2
|
2.94%
|
$10,416
|
Plains Commerce Bank
|
2
|
3.13%
|
$11,166
|
BETTER MORTGAGE CORPORATION
|
2
|
2.88%
|
$5,525
|
INLANTA MORTGAGE, INC.
|
2
|
3.13%
|
$9,028
|
First Home Bank
|
2
|
3.38%
|
$11,012
|
PANORAMA MORTGAGE GROUP, LLC
|
2
|
2.50%
|
$5,608
|
Residential Mortgage Solutions, Inc.
|
2
|
2.75%
|
$8,199
|
AMERICAN FINANCIAL RESOURCES, INC.
|
2
|
3.13%
|
$6,887
|
MMS MORTGAGE SERVICES, LTD.
|
2
|
3.00%
|
$8,297
|
AmRes Corporation
|
2
|
4.00%
|
$7,779
|
BECKAM FUNDING CORP.
|
2
|
3.31%
|
$11,165
|
MORIA DEVELOPMENT, INC.
|
2
|
3.75%
|
$7,183
|
NATIONWIDE MORTGAGE BANKERS, INC.
|
2
|
3.00%
|
$7,038
|
ROYAL UNITED MORTGAGE LLC
|
2
|
3.25%
|
$6,894
|
BAYSHORE MORTGAGE FUNDING, LLC
|
2
|
3.50%
|
$5,507
|
Servion, Inc.
|
2
|
3.06%
|
$8,178
|
North American Savings Bank, F.S.B.
|
2
|
2.81%
|
$7,410
|
HALLMARK HOME MORTGAGE, LLC
|
1
|
3.63%
|
$8,336
|
First Merchants Bank
|
1
|
3.25%
|
$4,690
|
Sunflower Bank
|
1
|
2.49%
|
$6,676
|
SWBC MORTGAGE CORPORATION
|
1
|
3.63%
|
$6,392
|
T2 FINANCIAL LLC
|
1
|
3.25%
|
$6,468
|
Ameris Bank
|
1
|
2.63%
|
$5,601
|
Texana Bank
|
1
|
3.13%
|
$6,825
|
First Western Trust Bank
|
1
|
3.25%
|
$8,629
|
The Dart Bank
|
1
|
3.50%
|
$5,591
|
Florida Capital Bank
|
1
|
2.50%
|
$7,586
|
Amerifirst Financial, Inc.
|
1
|
2.75%
|
$12,148
|
TIAA, FSB
|
1
|
2.88%
|
$4,744
|
GSF Mortgage Corporation
|
1
|
4.25%
|
$10,323
|
AMERICAN PORTFOLIO MORTGAGE CORPORATION
|
1
|
2.50%
|
$9,564
|
AMERICAN MORTGAGE SERVICE COMPANY
|
1
|
3.50%
|
$8,630
|
UNITED MORTGAGE CORP.
|
1
|
4.00%
|
$7,964
|
INLAND BANK & TRUST
|
1
|
2.38%
|
$6,730
|
GUARANTEED RATE AFFINITY, LLC
|
1
|
2.75%
|
$4,873
|
DEVELOPER'S MORTGAGE COMPANY
|
1
|
2.88%
|
$4,493
|
COMPASS MORTGAGE, INC.
|
1
|
2.75%
|
$4,062
|
NEXERA HOLDING LLC
|
1
|
3.63%
|
$9,308
|
NFM, INC.
|
1
|
3.38%
|
$3,385
|
Allied First Bank,sb
|
1
|
3.00%
|
$7,836
|
US MORTGAGE CORPORATION
|
1
|
4.25%
|
$7,118
|
OCMBC, INC.
|
1
|
2.25%
|
$8,955
|
COMMUNITYAMERICA
|
1
|
3.13%
|
$7,471
|
CIBC Bank USA
|
1
|
2.38%
|
$9,174
|
HOWARD HANNA FINANCIAL SERVICES, INC.
|
1
|
2.88%
|
$10,531
|
M/I FINANCIAL, LLC
|
1
|
2.75%
|
$8,566
|
Midwest Community Bank
|
1
|
3.63%
|
$8,894
|
POLARIS HOME FUNDING CORP.
|
1
|
4.00%
|
$5,750
|
EVANSVILLE TEACHERS
|
1
|
2.63%
|
$7,846
|
CELEBRITY HOME LOANS, LLC
|
1
|
3.00%
|
$8,047
|
Extra
|
1
|
2.88%
|
$6,012
|
CALCON MUTUAL MORTGAGE LLC
|
1
|
2.75%
|
$8,738
|
Wyndham Capital Mortgage, Inc.
|
1
|
2.50%
|
$4,614
|
Wells Fargo Bank
|
1
|
2.88%
|
$5,995
|
Sierra Pacific Mortgage Company, Inc.
|
1
|
2.25%
|
$7,951
|
LEADERONE FINANCIAL CORPORATION
|
1
|
2.88%
|
$12,692
|
Hometown Lenders, Inc.
|
1
|
3.25%
|
$11,092
|
GUILD MORTGAGE COMPANY
|
1
|
3.13%
|
$4,703
|
LAND HOME FINANCIAL SERVICES, INC.
|
1
|
3.75%
|
$7,895
|
Strong Home Mortgage, LLC
|
1
|
2.50%
|
$6,924
|
The top Warren FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
2,386 FHA loans originated. Their average total fees are
$5,517, which is $1,625
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Warren FHA lenders (with over 10 loans originated) are
OCEANSIDE MORTGAGE COMPANY ($2,602), VILLAGE CAPITAL & INVESTMENT LLC ($2,951), MID AMERICA MORTGAGE, INC. ($3,955), JPMorgan Chase Bank ($4,071) and Lakeview Community Capital, LLC ($4,122).
The lowest rate Warren FHA lenders (with over 10 loans originated) are
Bank of America (2.69%), TCF National Bank (2.71%), QUICKEN LOANS, LLC (2.76%), UNITED SECURITY FINANCIAL CORP (2.79%) and PLANET HOME LENDING, LLC (2.80%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Warren (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 |
$199,450 (7.2%) |
$307,748 (4.8%) |
0.73 |
10,243 |
2018-02-01 |
$202,400 (5.3%) |
$316,034 (4.9%) |
0.73 |
9,588 |
2018-03-01 |
$223,000 (5.0%) |
$337,028 (7.2%) |
0.77 |
9,395 |
2018-04-01 |
$242,450 (7.8%) |
$342,600 (4.1%) |
0.81 |
9,811 |
2018-05-01 |
$249,900 (6.4%) |
$348,144 (2.6%) |
0.83 |
10,802 |
2018-06-01 |
$252,000 (5.7%) |
$353,204 (3.4%) |
0.84 |
12,035 |
2018-07-01 |
$249,950 (6.4%) |
$347,899 (3.9%) |
0.83 |
13,283 |
2018-08-01 |
$244,900 (8.8%) |
$335,598 (2.8%) |
0.82 |
14,600 |
2018-09-01 |
$239,900 (6.7%) |
$334,488 (2.9%) |
0.80 |
15,246 |
2018-10-01 |
$231,700 (5.4%) |
$325,656 (1.7%) |
0.77 |
15,179 |
2018-11-01 |
$225,000 (4.7%) |
$318,611 (0.7%) |
0.75 |
14,782 |
2018-12-01 |
$219,900 (7.3%) |
$313,544 (0.2%) |
0.75 |
13,506 |
2019-01-01 |
$219,700 (10.2%) |
$312,979 (1.7%) |
0.76 |
12,424 |
2019-02-01 |
$219,952 (8.7%) |
$316,633 (0.2%) |
0.74 |
11,742 |
2019-03-01 |
$234,971 (5.4%) |
$329,887 (-2.1%) |
0.77 |
11,477 |
2019-04-01 |
$252,450 (4.1%) |
$345,866 (1.0%) |
0.79 |
11,469 |
2019-05-01 |
$259,900 (4.0%) |
$353,689 (1.6%) |
0.80 |
12,508 |
2019-06-01 |
$264,900 (5.1%) |
$352,225 (-0.3%) |
0.82 |
13,857 |
2019-07-01 |
$259,950 (4.0%) |
$347,048 (-0.2%) |
0.81 |
15,141 |
2019-08-01 |
$251,329 (2.6%) |
$336,777 (0.4%) |
0.79 |
15,754 |
2019-09-01 |
$239,900 (0.0%) |
$324,126 (-3.1%) |
0.76 |
16,121 |
2019-10-01 |
$239,150 (3.2%) |
$323,824 (-0.6%) |
0.76 |
15,975 |
2019-11-01 |
$232,900 (3.5%) |
$319,873 (0.4%) |
0.75 |
14,923 |
2019-12-01 |
$225,000 (2.3%) |
$314,459 (0.3%) |
0.75 |
13,067 |
2020-01-01 |
$224,400 (2.1%) |
$314,583 (0.5%) |
0.75 |
11,700 |
2020-02-01 |
$224,999 (2.3%) |
$319,395 (0.9%) |
0.73 |
10,745 |
2020-03-01 |
$239,900 (2.1%) |
$334,475 (1.4%) |
0.75 |
10,285 |
2020-04-01 |
$244,950 (-3.0%) |
$334,393 (-3.3%) |
0.76 |
9,984 |
2020-05-01 |
$254,700 (-2.0%) |
$345,247 (-2.4%) |
0.77 |
10,708 |
2020-06-01 |
$274,900 (3.8%) |
$368,856 (4.7%) |
0.80 |
10,239 |
2020-07-01 |
$279,950 (7.7%) |
$380,207 (9.6%) |
0.80 |
9,825 |
2020-08-01 |
$279,900 (11.4%) |
$381,969 (13.4%) |
0.80 |
9,338 |
2020-09-01 |
$274,950 (14.6%) |
$381,087 (17.6%) |
0.79 |
9,033 |
2020-10-01 |
$269,900 (12.9%) |
$381,166 (17.7%) |
0.77 |
8,406 |
2020-11-01 |
$259,900 (11.6%) |
$380,076 (18.8%) |
0.74 |
7,714 |
2020-12-01 |
$253,500 (12.7%) |
$378,211 (20.3%) |
0.74 |
6,749 |
2021-01-01 |
$250,000 (11.4%) |
$379,714 (20.7%) |
0.74 |
5,642 |
2021-02-01 |
$259,900 (15.5%) |
$395,378 (23.8%) |
0.75 |
4,705 |
2021-03-01 |
$271,200 (13.1%) |
$404,090 (20.8%) |
0.76 |
4,548 |
2021-04-01 |
$274,950 (12.3%) |
$411,182 (23.0%) |
0.74 |
4,651 |
2021-05-01 |
$279,900 (9.9%) |
$414,150 (20.0%) |
0.74 |
5,253 |
2021-06-01 |
$279,200 (1.6%) |
$401,220 (8.8%) |
0.73 |
6,498 |
2021-07-01 |
$277,450 (-0.9%) |
$399,822 (5.2%) |
0.72 |
7,033 |
2021-08-01 |
$267,500 (-4.4%) |
$387,080 (1.3%) |
0.70 |
7,884 |
2021-09-01 |
$252,500 (-8.2%) |
$374,582 (-1.7%) |
0.66 |
8,067 |
2021-10-01 |
$245,000 (-9.2%) |
$363,449 (-4.7%) |
0.64 |
7,805 |
2021-11-01 |
$230,900 (-11.2%) |
$351,438 (-7.5%) |
0.61 |
7,238 |
2021-12-01 |
$217,450 (-14.2%) |
$348,174 (-7.9%) |
0.58 |
6,279 |
2022-01-01 |
$210,000 (-16.0%) |
$344,377 (-9.3%) |
0.56 |
5,163 |
Warren's median listing price for 2022-01-01 was $210,000, a difference of
$-40,000
(-16.0%) versus the prior year and
$-7,450 versus the prior month.
Warren's median listing price comes in at 56% of the national average.
Warren's average listing price for 2022-01-01 was $344,377, a difference of
$-35,337
(-9.3%) versus the prior year and
$-3,797 versus the prior month.
For the 2022-01-01 period, Warren had 5,163 MLS listings, a difference of
-1,116 listings
(-18%)
versus the prior month and
-479 listings
(-8%)
versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Warren (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date |
Median Listing Time on Market |
Median Square Footage |
2018-01-01 |
67 days |
1,571 sqft |
2018-02-01 |
64 days |
1,575 sqft |
2018-03-01 |
50 days |
1,635 sqft |
2018-04-01 |
39 days |
1,686 sqft |
2018-05-01 |
36 days |
1,713 sqft |
2018-06-01 |
36 days |
1,740 sqft |
2018-07-01 |
37 days |
1,728 sqft |
2018-08-01 |
37 days |
1,700 sqft |
2018-09-01 |
40 days |
1,686 sqft |
2018-10-01 |
45 days |
1,648 sqft |
2018-11-01 |
47 days |
1,616 sqft |
2018-12-01 |
58 days |
1,585 sqft |
2019-01-01 |
65 days |
1,585 sqft |
2019-02-01 |
63 days |
1,596 sqft |
2019-03-01 |
51 days |
1,634 sqft |
2019-04-01 |
38 days |
1,685 sqft |
2019-05-01 |
36 days |
1,721 sqft |
2019-06-01 |
36 days |
1,732 sqft |
2019-07-01 |
37 days |
1,730 sqft |
2019-08-01 |
39 days |
1,705 sqft |
2019-09-01 |
46 days |
1,668 sqft |
2019-10-01 |
46 days |
1,658 sqft |
2019-11-01 |
50 days |
1,635 sqft |
2019-12-01 |
62 days |
1,600 sqft |
2020-01-01 |
68 days |
1,592 sqft |
2020-02-01 |
59 days |
1,592 sqft |
2020-03-01 |
48 days |
1,615 sqft |
2020-04-01 |
60 days |
1,624 sqft |
2020-05-01 |
67 days |
1,650 sqft |
2020-06-01 |
39 days |
1,730 sqft |
2020-07-01 |
38 days |
1,753 sqft |
2020-08-01 |
36 days |
1,722 sqft |
2020-09-01 |
37 days |
1,684 sqft |
2020-10-01 |
37 days |
1,655 sqft |
2020-11-01 |
42 days |
1,606 sqft |
2020-12-01 |
51 days |
1,587 sqft |
2021-01-01 |
56 days |
1,570 sqft |
2021-02-01 |
45 days |
1,580 sqft |
2021-03-01 |
34 days |
1,594 sqft |
2021-04-01 |
25 days |
1,598 sqft |
2021-05-01 |
22 days |
1,609 sqft |
2021-06-01 |
21 days |
1,601 sqft |
2021-07-01 |
23 days |
1,598 sqft |
2021-08-01 |
25 days |
1,564 sqft |
2021-09-01 |
30 days |
1,520 sqft |
2021-10-01 |
32 days |
1,499 sqft |
2021-11-01 |
36 days |
1,456 sqft |
2021-12-01 |
44 days |
1,426 sqft |
2022-01-01 |
55 days |
1,413 sqft |
Warren's median listing age (time on market) for 2022-01-01 was 55 days.
This
is -2%
shorter
than the same period one year ago.
Warren's median square footage for active listings during the 2022-01-01 period was
1,413 sqft. One year prior, the average listing was
1,570 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).