Yuma FHA Loan Rates, Closing Costs & Stats
YUMA, AZ
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.
Yuma's 72 lenders originated 1,800 FHA loans during 2021. The total origination value was $381,370,000, with an average FHA loan value of $211,872.
Yuma FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Yuma
averaged
6.31%
for the week of 2023-01-27, compared to the national average (all FHA variants) of
6.186% for the same period.
Yuma's average FHA mortgage closing costs are $6,419.
The average rate for the prior week (2023-01-20) was
6.19% and
one month ago for the week of 2022-12-23, the
average rate was 6.58%.
The average rate one year ago was 3.87%.
For refis of the same type during the week of 2023-01-27, the average rate
was 5.85%.
Yuma 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 Yuma level.
The top Yuma FHA lender as defined by loan originations is NOVA FINANCIAL & INVESTMENT CORPORATION, with
337 FHA loans originated. Their average total fees are
$5,797, which is $2,353
lower than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Yuma FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE ($2,456), NEWREZ LLC ($3,928), PENNYMAC LOAN SERVICES, LLC ($3,939), Lakeview Community Capital, LLC ($4,009) and AmeriHome Mortgage Company, LLC ($4,051).
The lowest rate Yuma FHA lenders (with over 10 loans originated) are
HOMEBRIDGE FINANCIAL SERVICES, INC. (2.69%), QUICKEN LOANS, LLC (2.72%), UNITED WHOLESALE MORTGAGE, LLC (2.73%), FREEDOM MORTGAGE CORPORATION (2.75%) and CALIBER HOME LOANS, INC. (2.79%).
Yuma FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
YUMA, AZ | YUMA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Yuma (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $190,750 (0.5%) | $221,477 (0.2%) | 0.71 | 808 |
2018-02-01 | $195,000 (0.3%) | $224,675 (-0.4%) | 0.71 | 785 |
2018-03-01 | $199,000 (-0.2%) | $226,501 (-0.3%) | 0.70 | 764 |
2018-04-01 | $199,650 (1.8%) | $229,339 (0.5%) | 0.68 | 705 |
2018-05-01 | $208,644 (4.7%) | $231,610 (-0.2%) | 0.70 | 650 |
2018-06-01 | $206,000 (3.9%) | $230,197 (0.3%) | 0.69 | 629 |
2018-07-01 | $204,725 (2.4%) | $229,992 (-1.3%) | 0.68 | 596 |
2018-08-01 | $214,000 (7.1%) | $234,217 (0.6%) | 0.72 | 600 |
2018-09-01 | $217,823 (9.0%) | $235,099 (1.9%) | 0.73 | 660 |
2018-10-01 | $217,412 (5.0%) | $235,345 (2.6%) | 0.73 | 667 |
2018-11-01 | $217,500 (8.8%) | $237,673 (6.4%) | 0.74 | 691 |
2018-12-01 | $220,000 (12.9%) | $234,428 (6.4%) | 0.76 | 682 |
2019-01-01 | $219,894 (15.3%) | $235,169 (6.2%) | 0.76 | 682 |
2019-02-01 | $222,656 (14.2%) | $242,111 (7.8%) | 0.75 | 691 |
2019-03-01 | $225,393 (13.3%) | $244,265 (7.8%) | 0.74 | 664 |
2019-04-01 | $225,943 (13.2%) | $245,535 (7.1%) | 0.72 | 641 |
2019-05-01 | $220,950 (5.9%) | $248,128 (7.1%) | 0.69 | 630 |
2019-06-01 | $224,900 (9.2%) | $251,253 (9.2%) | 0.70 | 592 |
2019-07-01 | $227,250 (11.0%) | $255,935 (11.3%) | 0.71 | 536 |
2019-08-01 | $229,232 (7.1%) | $259,246 (10.7%) | 0.73 | 536 |
2019-09-01 | $228,230 (4.8%) | $258,342 (9.9%) | 0.73 | 540 |
2019-10-01 | $227,786 (4.8%) | $258,805 (10.0%) | 0.73 | 543 |
2019-11-01 | $229,900 (5.7%) | $258,435 (8.7%) | 0.75 | 562 |
2019-12-01 | $227,373 (3.4%) | $255,971 (9.2%) | 0.76 | 557 |
2020-01-01 | $219,450 (-0.2%) | $248,349 (5.6%) | 0.73 | 554 |
2020-02-01 | $224,900 (1.0%) | $255,456 (5.5%) | 0.74 | 511 |
2020-03-01 | $239,913 (6.4%) | $266,824 (9.2%) | 0.75 | 463 |
2020-04-01 | $237,950 (5.3%) | $263,745 (7.4%) | 0.74 | 456 |
2020-05-01 | $239,900 (8.6%) | $261,545 (5.4%) | 0.73 | 357 |
2020-06-01 | $232,600 (3.4%) | $263,815 (5.0%) | 0.68 | 273 |
2020-07-01 | $242,879 (6.9%) | $281,596 (10.0%) | 0.70 | 227 |
2020-08-01 | $229,900 (0.3%) | $283,988 (9.5%) | 0.66 | 192 |
2020-09-01 | $227,450 (-0.3%) | $293,337 (13.6%) | 0.65 | 196 |
2020-10-01 | $210,900 (-7.4%) | $280,488 (8.4%) | 0.60 | 209 |
2020-11-01 | $231,250 (0.6%) | $290,486 (12.4%) | 0.68 | 203 |
2020-12-01 | $229,508 (0.9%) | $289,280 (13.0%) | 0.68 | 201 |
2021-01-01 | $240,000 (9.4%) | $292,939 (18.0%) | 0.72 | 174 |
2021-02-01 | $246,850 (9.8%) | $300,892 (17.8%) | 0.72 | 167 |
2021-03-01 | $256,175 (6.8%) | $297,043 (11.3%) | 0.73 | 162 |
2021-04-01 | $259,825 (9.2%) | $316,337 (19.9%) | 0.70 | 147 |
2021-05-01 | $279,777 (16.6%) | $334,109 (27.7%) | 0.74 | 141 |
2021-06-01 | $280,750 (20.7%) | $323,557 (22.7%) | 0.74 | 149 |
2021-07-01 | $279,750 (15.2%) | $325,386 (15.6%) | 0.74 | 205 |
2021-08-01 | $270,000 (17.4%) | $314,157 (10.6%) | 0.72 | 211 |
2021-09-01 | $270,800 (19.1%) | $312,230 (6.4%) | 0.72 | 203 |
2021-10-01 | $278,675 (32.1%) | $330,913 (18.0%) | 0.74 | 186 |
2021-11-01 | $277,925 (20.2%) | $330,804 (13.9%) | 0.74 | 174 |
2021-12-01 | $279,925 (22.0%) | $331,357 (14.6%) | 0.76 | 168 |
2022-01-01 | $285,000 (18.8%) | $335,603 (14.6%) | 0.77 | 154 |
2022-02-01 | $294,500 (19.3%) | $335,767 (11.6%) | 0.77 | 153 |
2022-03-01 | $299,475 (16.9%) | $337,745 (13.7%) | 0.75 | 152 |
2022-04-01 | $314,950 (21.2%) | $360,808 (14.1%) | 0.75 | 171 |
2022-05-01 | $308,663 (10.3%) | $362,514 (8.5%) | 0.71 | 214 |
2022-06-01 | $300,878 (7.2%) | $353,138 (9.1%) | 0.67 | 271 |
2022-07-01 | $310,000 (10.8%) | $352,826 (8.4%) | 0.70 | 316 |
2022-08-01 | $310,000 (14.8%) | $359,189 (14.3%) | 0.72 | 344 |
2022-09-01 | $315,000 (16.3%) | $364,217 (16.7%) | 0.74 | 364 |
2022-10-01 | $310,000 (11.2%) | $358,573 (8.4%) | 0.73 | 395 |
2022-11-01 | $309,145 (11.2%) | $348,920 (5.5%) | 0.74 | 401 |
2022-12-01 | $304,403 (8.7%) | $345,384 (4.2%) | 0.76 | 380 |
Yuma's median listing price comes in at 76% of the national average.
Yuma's average listing price for 2022-12-01 was $345,384, a difference of $14,027 (4.2%) versus the prior year and $-3,536 versus the prior month.
For the 2022-12-01 period, Yuma had 380 MLS listings, a difference of -21 listings (-5%) versus the prior month and 212 listings (126%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Yuma (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 75 days | 1,628 sqft |
2018-02-01 | 81 days | 1,630 sqft |
2018-03-01 | 70 days | 1,650 sqft |
2018-04-01 | 67 days | 1,660 sqft |
2018-05-01 | 71 days | 1,700 sqft |
2018-06-01 | 68 days | 1,700 sqft |
2018-07-01 | 73 days | 1,701 sqft |
2018-08-01 | 74 days | 1,699 sqft |
2018-09-01 | 64 days | 1,694 sqft |
2018-10-01 | 60 days | 1,690 sqft |
2018-11-01 | 63 days | 1,689 sqft |
2018-12-01 | 67 days | 1,694 sqft |
2019-01-01 | 74 days | 1,699 sqft |
2019-02-01 | 72 days | 1,699 sqft |
2019-03-01 | 67 days | 1,690 sqft |
2019-04-01 | 68 days | 1,682 sqft |
2019-05-01 | 72 days | 1,665 sqft |
2019-06-01 | 77 days | 1,679 sqft |
2019-07-01 | 82 days | 1,696 sqft |
2019-08-01 | 74 days | 1,696 sqft |
2019-09-01 | 63 days | 1,675 sqft |
2019-10-01 | 56 days | 1,665 sqft |
2019-11-01 | 59 days | 1,660 sqft |
2019-12-01 | 68 days | 1,660 sqft |
2020-01-01 | 74 days | 1,638 sqft |
2020-02-01 | 78 days | 1,660 sqft |
2020-03-01 | 63 days | 1,689 sqft |
2020-04-01 | 70 days | 1,654 sqft |
2020-05-01 | 72 days | 1,666 sqft |
2020-06-01 | 75 days | 1,609 sqft |
2020-07-01 | 58 days | 1,670 sqft |
2020-08-01 | 49 days | 1,634 sqft |
2020-09-01 | 37 days | 1,606 sqft |
2020-10-01 | 31 days | 1,552 sqft |
2020-11-01 | 44 days | 1,563 sqft |
2020-12-01 | 42 days | 1,538 sqft |
2021-01-01 | 50 days | 1,552 sqft |
2021-02-01 | 33 days | 1,569 sqft |
2021-03-01 | 26 days | 1,606 sqft |
2021-04-01 | 25 days | 1,688 sqft |
2021-05-01 | 29 days | 1,718 sqft |
2021-06-01 | 29 days | 1,669 sqft |
2021-07-01 | 25 days | 1,602 sqft |
2021-08-01 | 31 days | 1,570 sqft |
2021-09-01 | 39 days | 1,553 sqft |
2021-10-01 | 44 days | 1,553 sqft |
2021-11-01 | 36 days | 1,555 sqft |
2021-12-01 | 41 days | 1,549 sqft |
2022-01-01 | 33 days | 1,595 sqft |
2022-02-01 | 22 days | 1,570 sqft |
2022-03-01 | 22 days | 1,600 sqft |
2022-04-01 | 22 days | 1,657 sqft |
2022-05-01 | 24 days | 1,625 sqft |
2022-06-01 | 24 days | 1,614 sqft |
2022-07-01 | 30 days | 1,584 sqft |
2022-08-01 | 38 days | 1,595 sqft |
2022-09-01 | 43 days | 1,662 sqft |
2022-10-01 | 46 days | 1,609 sqft |
2022-11-01 | 52 days | 1,575 sqft |
2022-12-01 | 62 days | 1,569 sqft |
Yuma's median square footage for active listings during the 2022-12-01 period was 1,569 sqft. One year prior, the average listing was 1,549 sqft.