Whitewater FHA Loan Rates, Closing Costs & Stats

Whitewater, WI

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    • 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.

    Whitewater's 53 lenders originated 148 FHA loans during 2024. The total origination value was $68,140,000, with an average FHA loan value of $460,405.

    Whitewater FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Whitewater averaged 6.72% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Whitewater's average FHA mortgage closing costs are $7,249.

    The average rate for the prior week (2025-03-28) was 6.82% and one month ago for the week of 2025-02-28, the average rate was 6.51%.

    The average rate one year ago was 7.03%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.24%.

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

    Whitewater 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 Whitewater level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 15 6.58% $11,419
    GUARANTEED RATE, INC. 8 6.73% $10,629
    LOANDEPOT.COM, LLC 8 6.25% $8,862
    CROSSCOUNTRY MORTGAGE, LLC 7 6.82% $11,326
    PLANET HOME LENDING, LLC 7 6.11% $9,093
    GUILD MORTGAGE COMPANY 6 7.15% $12,909
    FREEDOM MORTGAGE CORPORATION 5 6.73% $14,058
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.60% $9,066
    CARDINAL FINANCIAL 4 6.69% $11,163
    VILLAGE CAPITAL MORTGAGE 4 6.22% $6,206
    UNITED WHOLESALE MORTGAGE, LLC 4 6.03% $13,407
    Mortgage Research Center, LLC 3 5.96% $12,583
    LAKEVIEW LOAN SERVICING, LLC 3 6.79% $7,903
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.38% $11,738
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.81% $7,954
    AMERICAN FINANCING CORPORATION 2 6.25% $9,551
    American Mortgage & Equity Consultants, Inc. 2 6.13% $12,956
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.75% $15,327
    AMERICAN FINANCIAL NETWORK, INC. 2 6.50% $16,286
    Barrington Bank & Trust Company, N.A. 2 7.25% $8,499
    BROKER SOLUTIONS, INC. 2 6.94% $8,809
    Carrington Mortgage Services, LLC 2 7.06% $12,026
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 7.00% $11,361
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.75% $11,671
    PENNYMAC LOAN SERVICES, LLC 2 6.63% $5,935
    FIRST COLONY MORTGAGE CORPORATION 1 6.25% $14,178
    DATA MORTGAGE, INC. 1 6.25% $15,695
    HOMESIDE FINANCIAL, LLC 1 6.63% $13,776
    Home State Bank 1 6.75% $9,999
    JPMorgan Chase Bank 1 6.75% $3,884
    COMPASS MORTGAGE, INC. 1 6.88% $10,679
    LIBERTY HOME MORTGAGE CORPORATION 1 6.25% $17,180
    CMG MORTGAGE, INC. 1 6.13% $11,050
    CIBM Bank 1 6.75% $11,481
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $6,318
    NATIONS DIRECT MORTGAGE, LLC 1 6.75% $7,355
    Nations Lending Corporation 1 6.75% $3,819
    NATIONS RELIABLE LENDING, LLC 1 6.99% $8,578
    NEWREZ LLC 1 6.13% $11,420
    Paramount Residential Mortgage Group, Inc. 1 7.75% $18,887
    WISCONSIN MORTGAGE CORPORATION 1 7.13% $6,912
    BAY EQUITY LLC 1 6.75% $8,151
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $15,015
    Prosperity Home Mortgage, LLC 1 5.75% $15,043
    Bank of England 1 6.63% $10,466
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.63% $16,415
    THOMPSON KANE & COMPANY, LLC 1 6.63% $12,454
    TOWNE MORTGAGE COMPANY 1 6.63% $8,922
    UNION HOME MORTGAGE CORP. 1 7.13% $12,315
    Associated Bank 1 6.50% $6,542
    U.S. Bank 1 6.75% $6,436
    GENEVA FINANCIAL, LLC 1 7.13% $16,127
    GSF Mortgage Corporation 1 6.63% $5,548

    The top Whitewater FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 15 FHA loans originated. Their average total fees are $11,419, which is $790 higher than the next largest lender, GUARANTEED RATE, INC..

    The lowest fee Whitewater FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($11,419), .

    The lowest rate Whitewater FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.58%), .

    Whitewater FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Whitewater (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 $273,945 (10.5%) $451,317 (3.5%) 0.00 718
    2018-02-01 $277,975 (7.0%) $466,628 (2.3%) 0.00 766
    2018-03-01 $279,000 (7.5%) $459,177 (1.4%) 0.00 838
    2018-04-01 $282,450 (10.8%) $452,542 (1.1%) 0.00 875
    2018-05-01 $289,725 (12.2%) $456,645 (3.2%) 0.00 935
    2018-06-01 $285,000 (6.7%) $453,959 (1.6%) 0.00 991
    2018-07-01 $280,490 (5.3%) $451,641 (1.7%) 0.00 1,006
    2018-08-01 $285,498 (8.8%) $441,689 (-0.9%) 0.00 1,018
    2018-09-01 $289,000 (3.3%) $446,483 (-3.9%) 0.00 1,011
    2018-10-01 $284,500 (1.8%) $455,782 (-1.2%) 0.00 974
    2018-11-01 $288,975 (5.1%) $451,591 (-2.0%) 0.00 881
    2018-12-01 $289,900 (5.5%) $460,282 (1.5%) 0.00 771
    2019-01-01 $289,450 (5.7%) $464,169 (2.9%) 0.00 683
    2019-02-01 $299,000 (7.6%) $479,976 (2.9%) 0.00 692
    2019-03-01 $301,411 (8.0%) $489,501 (6.6%) 0.00 760
    2019-04-01 $315,963 (11.9%) $520,804 (15.1%) 0.00 847
    2019-05-01 $325,765 (12.4%) $529,775 (16.0%) 0.00 844
    2019-06-01 $320,915 (12.6%) $518,582 (14.2%) 0.00 882
    2019-07-01 $325,000 (15.9%) $524,406 (16.1%) 0.00 905
    2019-08-01 $320,909 (12.4%) $517,948 (17.3%) 0.00 916
    2019-09-01 $314,773 (8.9%) $508,772 (14.0%) 0.00 905
    2019-10-01 $307,475 (8.1%) $502,654 (10.3%) 0.00 885
    2019-11-01 $299,900 (3.8%) $498,802 (10.5%) 0.00 766
    2019-12-01 $304,173 (4.9%) $519,930 (13.0%) 0.00 637
    2020-01-01 $299,950 (3.6%) $514,309 (10.8%) 0.00 573
    2020-02-01 $315,000 (5.4%) $534,984 (11.5%) 0.00 630
    2020-03-01 $322,125 (6.9%) $531,301 (8.5%) 0.00 676
    2020-04-01 $319,950 (1.3%) $531,792 (2.1%) 0.00 658
    2020-05-01 $315,000 (-3.3%) $529,047 (-0.1%) 0.00 688
    2020-06-01 $320,900 (0.0%) $534,917 (3.2%) 0.00 715
    2020-07-01 $328,250 (1.0%) $534,948 (2.0%) 0.00 718
    2020-08-01 $316,495 (-1.4%) $532,192 (2.8%) 0.00 689
    2020-09-01 $316,073 (0.4%) $510,223 (0.3%) 0.00 683
    2020-10-01 $305,000 (-0.8%) $527,018 (4.9%) 0.00 614
    2020-11-01 $300,000 (0.0%) $533,565 (7.0%) 0.00 542
    2020-12-01 $299,900 (-1.4%) $534,625 (2.8%) 0.00 456
    2021-01-01 $294,900 (-1.7%) $528,740 (2.8%) 0.00 383
    2021-02-01 $309,925 (-1.6%) $556,786 (4.1%) 0.00 407
    2021-03-01 $309,950 (-3.8%) $528,115 (-0.6%) 0.00 412
    2021-04-01 $322,400 (0.8%) $516,938 (-2.8%) 0.00 443
    2021-05-01 $329,900 (4.7%) $523,919 (-1.0%) 0.00 494
    2021-06-01 $326,975 (1.9%) $532,221 (-0.5%) 0.00 534
    2021-07-01 $329,700 (0.4%) $554,371 (3.6%) 0.00 555
    2021-08-01 $349,900 (10.6%) $535,685 (0.7%) 0.00 611
    2021-09-01 $348,250 (10.2%) $521,632 (2.2%) 0.00 607
    2021-10-01 $344,950 (13.1%) $538,264 (2.1%) 0.00 529
    2021-11-01 $342,625 (14.2%) $539,749 (1.2%) 0.00 465
    2021-12-01 $332,000 (10.7%) $529,400 (-1.0%) 0.00 380
    2022-01-01 $342,950 (16.3%) $532,947 (0.8%) 0.00 314
    2022-02-01 $352,250 (13.7%) $589,820 (5.9%) 0.00 284
    2022-03-01 $371,748 (19.9%) $621,519 (17.7%) 0.00 293
    2022-04-01 $375,500 (16.5%) $599,067 (15.9%) 0.00 357
    2022-05-01 $374,500 (13.5%) $607,458 (16.0%) 0.00 372
    2022-06-01 $379,450 (16.1%) $625,391 (17.5%) 0.00 380
    2022-07-01 $374,900 (13.7%) $604,848 (9.1%) 0.00 434
    2022-08-01 $379,000 (8.3%) $634,627 (18.5%) 0.00 458
    2022-09-01 $390,000 (12.0%) $591,098 (13.3%) 0.00 451
    2022-10-01 $389,000 (12.8%) $615,043 (14.3%) 0.00 405
    2022-11-01 $375,000 (9.5%) $597,017 (10.6%) 0.00 385
    2022-12-01 $380,000 (14.5%) $607,984 (14.8%) 0.00 313
    2023-01-01 $392,175 (14.4%) $603,749 (13.3%) 0.00 270
    2023-02-01 $421,820 (19.8%) $619,356 (5.0%) 0.00 279
    2023-03-01 $437,318 (17.6%) $646,349 (4.0%) 0.00 329
    2023-04-01 $458,990 (22.2%) $686,169 (14.5%) 0.00 341
    2023-05-01 $462,345 (23.5%) $755,676 (24.4%) 0.00 379
    2023-06-01 $458,895 (20.9%) $782,241 (25.1%) 0.00 436
    2023-07-01 $465,495 (24.2%) $802,501 (32.7%) 0.00 453
    2023-08-01 $462,045 (21.9%) $781,334 (23.1%) 0.00 454
    2023-09-01 $467,190 (19.8%) $793,047 (34.2%) 0.00 444
    2023-10-01 $463,495 (19.2%) $781,792 (27.1%) 0.00 438
    2023-11-01 $460,198 (22.7%) $802,948 (34.5%) 0.00 424
    2023-12-01 $469,240 (23.5%) $745,503 (22.6%) 0.00 372
    2024-01-01 $474,950 (21.1%) $760,933 (26.0%) 0.00 349
    2024-02-01 $489,975 (16.2%) $751,304 (21.3%) 0.00 369
    2024-03-01 $495,000 (13.2%) $750,240 (16.1%) 0.00 413
    2024-04-01 $485,000 (5.7%) $733,778 (6.9%) 0.00 454
    2024-05-01 $493,825 (6.8%) $800,554 (5.9%) 0.00 493
    2024-06-01 $486,690 (6.1%) $787,884 (0.7%) 0.00 560
    2024-07-01 $481,085 (3.4%) $795,711 (-0.9%) 0.00 513
    2024-08-01 $473,500 (2.5%) $773,964 (-0.9%) 0.00 542
    2024-09-01 $465,998 (-0.3%) $757,702 (-4.5%) 0.00 540
    2024-10-01 $477,365 (3.0%) $729,117 (-6.7%) 0.00 542
    2024-11-01 $469,800 (2.1%) $708,066 (-11.8%) 0.00 480
    2024-12-01 $484,061 (3.2%) $684,871 (-8.1%) 0.00 391
    2025-01-01 $486,059 (2.3%) $650,550 (-14.5%) 0.00 369
    2025-02-01 $492,595 (0.5%) $680,642 (-9.4%) 0.00 389
    2025-03-01 $475,000 (-4.0%) $661,483 (-11.8%) 0.00 420
    Whitewater's median listing price for 2025-03-01 was $475,000, a difference of $-20,000 (-4.0%) versus the prior year and $-17,595 versus the prior month.

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

    Whitewater's average listing price for 2025-03-01 was $661,483, a difference of $-88,757 (-11.8%) versus the prior year and $-19,159 versus the prior month.

    For the 2025-03-01 period, Whitewater had 420 MLS listings, a difference of 31 listings (8%) versus the prior month and 7 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Whitewater (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,809 sqft
    2018-02-01 0 days 1,809 sqft
    2018-03-01 0 days 1,821 sqft
    2018-04-01 0 days 1,819 sqft
    2018-05-01 0 days 1,810 sqft
    2018-06-01 0 days 1,820 sqft
    2018-07-01 0 days 1,801 sqft
    2018-08-01 0 days 1,806 sqft
    2018-09-01 0 days 1,801 sqft
    2018-10-01 0 days 1,797 sqft
    2018-11-01 0 days 1,799 sqft
    2018-12-01 0 days 1,800 sqft
    2019-01-01 0 days 1,801 sqft
    2019-02-01 0 days 1,816 sqft
    2019-03-01 0 days 1,817 sqft
    2019-04-01 0 days 1,872 sqft
    2019-05-01 0 days 1,901 sqft
    2019-06-01 0 days 1,897 sqft
    2019-07-01 0 days 1,928 sqft
    2019-08-01 0 days 1,917 sqft
    2019-09-01 0 days 1,918 sqft
    2019-10-01 0 days 1,910 sqft
    2019-11-01 0 days 1,866 sqft
    2019-12-01 0 days 1,864 sqft
    2020-01-01 0 days 1,801 sqft
    2020-02-01 0 days 1,878 sqft
    2020-03-01 0 days 1,853 sqft
    2020-04-01 0 days 1,859 sqft
    2020-05-01 0 days 1,840 sqft
    2020-06-01 0 days 1,887 sqft
    2020-07-01 0 days 1,900 sqft
    2020-08-01 0 days 1,893 sqft
    2020-09-01 0 days 1,896 sqft
    2020-10-01 0 days 1,847 sqft
    2020-11-01 0 days 1,811 sqft
    2020-12-01 0 days 1,810 sqft
    2021-01-01 0 days 1,750 sqft
    2021-02-01 0 days 1,750 sqft
    2021-03-01 0 days 1,725 sqft
    2021-04-01 0 days 1,768 sqft
    2021-05-01 0 days 1,800 sqft
    2021-06-01 0 days 1,806 sqft
    2021-07-01 0 days 1,748 sqft
    2021-08-01 0 days 1,740 sqft
    2021-09-01 0 days 1,740 sqft
    2021-10-01 0 days 1,744 sqft
    2021-11-01 0 days 1,752 sqft
    2021-12-01 0 days 1,747 sqft
    2022-01-01 0 days 1,670 sqft
    2022-02-01 0 days 1,749 sqft
    2022-03-01 0 days 1,768 sqft
    2022-04-01 0 days 1,750 sqft
    2022-05-01 0 days 1,785 sqft
    2022-06-01 0 days 1,827 sqft
    2022-07-01 0 days 1,800 sqft
    2022-08-01 0 days 1,810 sqft
    2022-09-01 0 days 1,824 sqft
    2022-10-01 0 days 1,887 sqft
    2022-11-01 0 days 1,858 sqft
    2022-12-01 0 days 1,850 sqft
    2023-01-01 0 days 1,872 sqft
    2023-02-01 0 days 1,922 sqft
    2023-03-01 0 days 1,852 sqft
    2023-04-01 0 days 1,962 sqft
    2023-05-01 0 days 1,920 sqft
    2023-06-01 0 days 1,848 sqft
    2023-07-01 0 days 1,884 sqft
    2023-08-01 0 days 1,896 sqft
    2023-09-01 0 days 1,902 sqft
    2023-10-01 0 days 1,906 sqft
    2023-11-01 0 days 1,935 sqft
    2023-12-01 0 days 2,017 sqft
    2024-01-01 0 days 2,005 sqft
    2024-02-01 0 days 2,000 sqft
    2024-03-01 0 days 2,018 sqft
    2024-04-01 0 days 1,987 sqft
    2024-05-01 0 days 1,997 sqft
    2024-06-01 0 days 1,947 sqft
    2024-07-01 0 days 1,969 sqft
    2024-08-01 0 days 1,950 sqft
    2024-09-01 0 days 1,931 sqft
    2024-10-01 0 days 1,907 sqft
    2024-11-01 0 days 1,887 sqft
    2024-12-01 0 days 1,911 sqft
    2025-01-01 0 days 1,895 sqft
    2025-02-01 0 days 1,887 sqft
    2025-03-01 0 days 1,887 sqft
    Whitewater's median listing age (time on market) for 2025-03-01 was 0 days.

    Whitewater's median square footage for active listings during the 2025-03-01 period was 1,887 sqft. One year prior, the average listing was 2,018 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).