Williamsport FHA Loan Rates, Closing Costs & Stats

WILLIAMSPORT, PA

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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.

    Williamsport's 42 lenders originated 189 FHA loans during 2023. The total origination value was $32,135,000, with an average FHA loan value of $170,026.

    Williamsport FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Williamsport averaged 6.35% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

    Williamsport's average FHA mortgage closing costs are $6,905.

    The average rate for the prior week (2024-12-06) was 6.42% and one month ago for the week of 2024-11-08, the average rate was 6.48%.

    The average rate one year ago was 6.79%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.35%.

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

    Williamsport 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 Williamsport level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    PRIMELENDING, A PLAINSCAPITAL COMPANY 49 6.65% $8,400
    QUICKEN LOANS, LLC 26 6.57% $8,598
    Century Mortgage Company DBA Century Lending Company 23 6.41% $8,859
    UNITED WHOLESALE MORTGAGE, LLC 8 6.59% $9,715
    Blue Ridge Bank 7 6.27% $6,317
    Carrington Mortgage Services, LLC 4 6.41% $9,106
    AMERISAVE MORTGAGE CORPORATION 4 6.44% $12,381
    NEWREZ LLC 4 6.59% $7,534
    ALLIED MORTGAGE GROUP, INC. 3 6.00% $10,995
    MYCUMORTGAGE, LLC 3 6.33% $5,937
    GUILD MORTGAGE COMPANY 3 6.96% $8,516
    FREEDOM MORTGAGE CORPORATION 3 6.92% $9,484
    PLANET HOME LENDING, LLC 2 6.56% $8,062
    CROSSCOUNTRY MORTGAGE, LLC 2 7.75% $8,055
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.75% $12,314
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.69% $10,455
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $9,797
    LOANDEPOT.COM, LLC 1 5.63% $9,251
    MEMBER FIRST MORTGAGE, LLC 1 6.50% $7,089
    Mortgage Research Center, LLC 1 7.50% $3,324
    NexBank 1 7.13% $8,768
    RELIANCE FIRST CAPITAL, LLC 1 6.00% $15,608
    Servion, Inc. 1 6.63% $7,225
    SUN WEST MORTGAGE COMPANY, INC. 1 7.13% $12,113
    The Ephrata National Bank 1 7.25% $8,509
    York Traditions Bank 1 7.75% $5,243
    ZILLOW HOME LOANS, LLC 1 6.38% $12,365
    AMERICAN FINANCIAL NETWORK, INC. 1 7.38% $9,990
    Bank of England 1 6.75% $14,279
    Bethpage Federal Credit Union 1 5.88% $3,410
    BROKER SOLUTIONS, INC. 1 7.13% $14,216
    CARDINAL FINANCIAL 1 6.25% $8,737
    CBM Mortgage, Inc. 1 6.50% $5,567
    Citizens Bank 1 6.25% $17,824
    Equity Prime Mortgage LLC 1 6.63% $10,318
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.88% $6,219
    First National Bank of Pennsylvania 1 7.00% $9,199
    Flagstar Bank, FSB 1 7.25% $6,516
    Fulton Bank 1 5.88% $8,252
    GUARANTY HOME MORTGAGE CORPORATION 1 6.63% $5,052
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.75% $11,199
    Hometown Equity Mortgage, LLC 1 7.13% $7,354

    The top Williamsport FHA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 49 FHA loans originated. Their average total fees are $8,400, which is $197 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Williamsport FHA lenders (with over 10 loans originated) are PRIMELENDING, A PLAINSCAPITAL COMPANY ($8,400), QUICKEN LOANS, LLC ($8,598), Century Mortgage Company DBA Century Lending Company ($8,859), .

    The lowest rate Williamsport FHA lenders (with over 10 loans originated) are Century Mortgage Company DBA Century Lending Company (6.41%), QUICKEN LOANS, LLC (6.57%), PRIMELENDING, A PLAINSCAPITAL COMPANY (6.65%), .

    Williamsport FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Williamsport (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 $163,300 (4.9%) $198,177 (-8.5%) 0.00 297
    2018-02-01 $156,950 (-2.6%) $195,961 (-12.8%) 0.00 282
    2018-03-01 $159,900 (-2.0%) $196,264 (-14.0%) 0.00 282
    2018-04-01 $167,325 (-1.5%) $211,509 (-9.4%) 0.00 290
    2018-05-01 $170,975 (-0.9%) $211,739 (-4.5%) 0.00 291
    2018-06-01 $169,900 (3.0%) $214,930 (0.7%) 0.00 319
    2018-07-01 $173,725 (2.5%) $219,093 (2.5%) 0.00 328
    2018-08-01 $174,900 (1.9%) $224,827 (4.4%) 0.00 337
    2018-09-01 $169,200 (-3.6%) $218,451 (-0.1%) 0.00 337
    2018-10-01 $164,450 (-6.0%) $214,935 (0.5%) 0.00 318
    2018-11-01 $161,950 (-4.7%) $217,029 (6.7%) 0.00 297
    2018-12-01 $160,065 (-3.0%) $245,798 (24.0%) 0.00 287
    2019-01-01 $159,948 (-2.1%) $245,037 (23.7%) 0.00 271
    2019-02-01 $158,725 (1.1%) $248,681 (26.9%) 0.00 245
    2019-03-01 $156,929 (-1.9%) $242,616 (23.6%) 0.00 254
    2019-04-01 $154,900 (-7.4%) $231,892 (9.6%) 0.00 267
    2019-05-01 $160,450 (-6.2%) $245,587 (16.0%) 0.00 285
    2019-06-01 $159,900 (-5.9%) $241,794 (12.5%) 0.00 329
    2019-07-01 $157,225 (-9.5%) $240,594 (9.8%) 0.00 343
    2019-08-01 $157,909 (-9.7%) $239,737 (6.6%) 0.00 340
    2019-09-01 $156,273 (-7.6%) $234,330 (7.3%) 0.00 340
    2019-10-01 $157,632 (-4.2%) $223,195 (3.8%) 0.00 330
    2019-11-01 $151,000 (-6.8%) $204,378 (-5.8%) 0.00 324
    2019-12-01 $149,950 (-6.3%) $205,312 (-16.5%) 0.00 287
    2020-01-01 $152,400 (-4.7%) $205,558 (-16.1%) 0.00 254
    2020-02-01 $159,000 (0.2%) $208,783 (-16.0%) 0.00 250
    2020-03-01 $158,200 (0.8%) $206,483 (-14.9%) 0.00 244
    2020-04-01 $160,000 (3.3%) $204,907 (-11.6%) 0.00 217
    2020-05-01 $154,900 (-3.5%) $211,507 (-13.9%) 0.00 199
    2020-06-01 $142,950 (-10.6%) $209,974 (-13.2%) 0.00 176
    2020-07-01 $160,700 (2.2%) $221,266 (-8.0%) 0.00 182
    2020-08-01 $171,250 (8.5%) $235,786 (-1.7%) 0.00 175
    2020-09-01 $178,825 (14.4%) $246,746 (5.3%) 0.00 171
    2020-10-01 $174,900 (11.0%) $235,834 (5.7%) 0.00 181
    2020-11-01 $173,051 (14.6%) $226,543 (10.8%) 0.00 196
    2020-12-01 $168,200 (12.2%) $228,677 (11.4%) 0.00 164
    2021-01-01 $159,900 (4.9%) $219,163 (6.6%) 0.00 145
    2021-02-01 $163,849 (3.1%) $234,068 (12.1%) 0.00 128
    2021-03-01 $162,450 (2.7%) $231,072 (11.9%) 0.00 105
    2021-04-01 $169,925 (6.2%) $239,559 (16.9%) 0.00 103
    2021-05-01 $183,900 (18.7%) $244,480 (15.6%) 0.00 91
    2021-06-01 $182,675 (27.8%) $238,930 (13.8%) 0.00 91
    2021-07-01 $175,900 (9.5%) $228,316 (3.2%) 0.00 127
    2021-08-01 $174,275 (1.8%) $228,915 (-2.9%) 0.00 129
    2021-09-01 $174,850 (-2.2%) $227,066 (-8.0%) 0.00 138
    2021-10-01 $169,900 (-2.9%) $233,467 (-1.0%) 0.00 117
    2021-11-01 $169,900 (-1.8%) $236,384 (4.3%) 0.00 97
    2021-12-01 $172,450 (2.5%) $248,685 (8.8%) 0.00 98
    2022-01-01 $179,900 (12.5%) $255,062 (16.4%) 0.00 80
    2022-02-01 $178,175 (8.7%) $273,179 (16.7%) 0.00 59
    2022-03-01 $179,675 (10.6%) $241,291 (4.4%) 0.00 66
    2022-04-01 $186,450 (9.7%) $249,862 (4.3%) 0.00 69
    2022-05-01 $195,500 (6.3%) $294,126 (20.3%) 0.00 83
    2022-06-01 $222,950 (22.1%) $298,859 (25.1%) 0.00 110
    2022-07-01 $249,900 (42.1%) $305,513 (33.8%) 0.00 126
    2022-08-01 $239,675 (37.5%) $303,477 (32.6%) 0.00 131
    2022-09-01 $239,900 (37.2%) $306,492 (35.0%) 0.00 121
    2022-10-01 $225,000 (32.4%) $268,709 (15.1%) 0.00 141
    2022-11-01 $210,675 (24.0%) $259,999 (10.0%) 0.00 143
    2022-12-01 $199,900 (15.9%) $257,068 (3.4%) 0.00 123
    2023-01-01 $199,900 (11.1%) $244,464 (-4.2%) 0.00 121
    2023-02-01 $199,925 (12.2%) $250,130 (-8.4%) 0.00 93
    2023-03-01 $210,450 (17.1%) $268,112 (11.1%) 0.00 87
    2023-04-01 $222,450 (19.3%) $286,738 (14.8%) 0.00 91
    2023-05-01 $246,425 (26.1%) $271,767 (-7.6%) 0.00 99
    2023-06-01 $234,900 (5.4%) $280,179 (-6.3%) 0.00 113
    2023-07-01 $225,000 (-10.0%) $304,694 (-0.3%) 0.00 120
    2023-08-01 $235,225 (-1.9%) $302,548 (-0.3%) 0.00 134
    2023-09-01 $235,000 (-2.0%) $296,647 (-3.2%) 0.00 136
    2023-10-01 $247,975 (10.2%) $302,341 (12.5%) 0.00 134
    2023-11-01 $246,725 (17.1%) $305,659 (17.6%) 0.00 130
    2023-12-01 $242,650 (21.4%) $305,900 (19.0%) 0.00 109
    2024-01-01 $255,600 (27.9%) $306,780 (25.5%) 0.00 102
    2024-02-01 $223,725 (11.9%) $283,097 (13.2%) 0.00 92
    2024-03-01 $239,900 (14.0%) $292,377 (9.1%) 0.00 87
    2024-04-01 $239,925 (7.9%) $282,697 (-1.4%) 0.00 93
    2024-05-01 $238,725 (-3.1%) $282,592 (4.0%) 0.00 102
    2024-06-01 $237,450 (1.1%) $329,396 (17.6%) 0.00 116
    2024-07-01 $236,150 (5.0%) $327,892 (7.6%) 0.00 132
    2024-08-01 $253,000 (7.6%) $335,375 (10.9%) 0.00 145
    2024-09-01 $257,200 (9.5%) $318,782 (7.5%) 0.00 169
    2024-10-01 $253,700 (2.3%) $313,910 (3.8%) 0.00 172
    2024-11-01 $250,000 (1.3%) $311,540 (1.9%) 0.00 174
    Williamsport's median listing price for 2024-11-01 was $250,000, a difference of $3,275 (1.3%) versus the prior year and $-3,700 versus the prior month.

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

    Williamsport's average listing price for 2024-11-01 was $311,540, a difference of $5,881 (1.9%) versus the prior year and $-2,370 versus the prior month.

    For the 2024-11-01 period, Williamsport had 174 MLS listings, a difference of 2 listings (1%) versus the prior month and 44 listings (34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Williamsport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,728 sqft
    2018-02-01 0 days 1,718 sqft
    2018-03-01 0 days 1,712 sqft
    2018-04-01 0 days 1,735 sqft
    2018-05-01 0 days 1,783 sqft
    2018-06-01 0 days 1,797 sqft
    2018-07-01 0 days 1,823 sqft
    2018-08-01 0 days 1,857 sqft
    2018-09-01 0 days 1,823 sqft
    2018-10-01 0 days 1,807 sqft
    2018-11-01 0 days 1,796 sqft
    2018-12-01 0 days 1,792 sqft
    2019-01-01 0 days 1,743 sqft
    2019-02-01 0 days 1,693 sqft
    2019-03-01 0 days 1,702 sqft
    2019-04-01 0 days 1,735 sqft
    2019-05-01 0 days 1,783 sqft
    2019-06-01 0 days 1,792 sqft
    2019-07-01 0 days 1,810 sqft
    2019-08-01 0 days 1,802 sqft
    2019-09-01 0 days 1,769 sqft
    2019-10-01 0 days 1,756 sqft
    2019-11-01 0 days 1,726 sqft
    2019-12-01 0 days 1,732 sqft
    2020-01-01 0 days 1,732 sqft
    2020-02-01 0 days 1,743 sqft
    2020-03-01 0 days 1,740 sqft
    2020-04-01 0 days 1,739 sqft
    2020-05-01 0 days 1,716 sqft
    2020-06-01 0 days 1,677 sqft
    2020-07-01 0 days 1,729 sqft
    2020-08-01 0 days 1,824 sqft
    2020-09-01 0 days 1,879 sqft
    2020-10-01 0 days 1,851 sqft
    2020-11-01 0 days 1,837 sqft
    2020-12-01 0 days 1,770 sqft
    2021-01-01 0 days 1,726 sqft
    2021-02-01 0 days 1,676 sqft
    2021-03-01 0 days 1,660 sqft
    2021-04-01 0 days 1,654 sqft
    2021-05-01 0 days 1,651 sqft
    2021-06-01 0 days 1,702 sqft
    2021-07-01 0 days 1,792 sqft
    2021-08-01 0 days 1,760 sqft
    2021-09-01 0 days 1,750 sqft
    2021-10-01 0 days 1,780 sqft
    2021-11-01 0 days 1,763 sqft
    2021-12-01 0 days 1,789 sqft
    2022-01-01 0 days 1,685 sqft
    2022-02-01 0 days 1,685 sqft
    2022-03-01 0 days 1,684 sqft
    2022-04-01 0 days 1,692 sqft
    2022-05-01 0 days 1,671 sqft
    2022-06-01 0 days 1,773 sqft
    2022-07-01 0 days 1,848 sqft
    2022-08-01 0 days 1,837 sqft
    2022-09-01 0 days 1,846 sqft
    2022-10-01 0 days 1,744 sqft
    2022-11-01 0 days 1,722 sqft
    2022-12-01 0 days 1,640 sqft
    2023-01-01 0 days 1,640 sqft
    2023-02-01 0 days 1,674 sqft
    2023-03-01 0 days 1,723 sqft
    2023-04-01 0 days 1,771 sqft
    2023-05-01 0 days 1,806 sqft
    2023-06-01 0 days 1,799 sqft
    2023-07-01 0 days 1,739 sqft
    2023-08-01 0 days 1,827 sqft
    2023-09-01 0 days 1,760 sqft
    2023-10-01 0 days 1,776 sqft
    2023-11-01 0 days 1,780 sqft
    2023-12-01 0 days 1,813 sqft
    2024-01-01 0 days 1,814 sqft
    2024-02-01 0 days 1,728 sqft
    2024-03-01 0 days 1,803 sqft
    2024-04-01 0 days 1,753 sqft
    2024-05-01 0 days 1,629 sqft
    2024-06-01 0 days 1,672 sqft
    2024-07-01 0 days 1,724 sqft
    2024-08-01 0 days 1,795 sqft
    2024-09-01 0 days 1,812 sqft
    2024-10-01 0 days 1,808 sqft
    2024-11-01 0 days 1,720 sqft
    Williamsport's median listing age (time on market) for 2024-11-01 was 0 days.

    Williamsport's median square footage for active listings during the 2024-11-01 period was 1,720 sqft. One year prior, the average listing was 1,780 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).