Zanesville FHA Loan Rates, Closing Costs & Stats
Zanesville, OH
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.
Zanesville's 68 lenders originated 318 FHA loans during 2023. The total origination value was $56,730,000, with an average FHA loan value of $178,396.
Zanesville FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Zanesville
averaged
0.28%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Zanesville's average FHA mortgage closing costs are $6,826.
The average rate for the prior week (2024-11-22) was
6.77% and
one month ago for the week of 2024-10-25, the
average rate was 6.65%.
The average rate one year ago was 7.44%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0%.
Zanesville 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 Zanesville level.
The top Zanesville FHA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
46 FHA loans originated. Their average total fees are
$10,926, which is $5,729
higher than the next largest lender,
RUOFF MORTGAGE COMPANY, INC..
The lowest fee Zanesville FHA lenders (with over 10 loans originated) are
RUOFF MORTGAGE COMPANY, INC. ($5,197), EQUITY RESOURCES, INC. ($6,822), The Huntington National Bank ($8,110), QUICKEN LOANS, LLC ($9,161) and CROSSCOUNTRY MORTGAGE, LLC ($10,926).
The lowest rate Zanesville FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.21%), The Huntington National Bank (6.96%), CROSSCOUNTRY MORTGAGE, LLC (6.96%), RUOFF MORTGAGE COMPANY, INC. (7.03%) and EQUITY RESOURCES, INC. (7.10%).
Zanesville FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
ZANESVILLE, OH | MUSKINGUM | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
ZANESVILLE, OH | MUSKINGUM | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Zanesville (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 | $139,800 (9.0%) | $174,380 (4.5%) | 0.00 | 226 |
2018-02-01 | $149,900 (15.6%) | $185,634 (9.0%) | 0.00 | 210 |
2018-03-01 | $154,900 (19.3%) | $194,882 (13.8%) | 0.00 | 183 |
2018-04-01 | $151,300 (13.4%) | $191,801 (11.5%) | 0.00 | 193 |
2018-05-01 | $149,900 (8.3%) | $191,666 (9.9%) | 0.00 | 210 |
2018-06-01 | $159,567 (20.0%) | $195,428 (13.7%) | 0.00 | 230 |
2018-07-01 | $154,900 (19.3%) | $193,876 (15.3%) | 0.00 | 276 |
2018-08-01 | $154,900 (13.6%) | $197,333 (15.6%) | 0.00 | 284 |
2018-09-01 | $150,000 (15.5%) | $196,742 (16.1%) | 0.00 | 292 |
2018-10-01 | $152,975 (13.9%) | $199,303 (16.8%) | 0.00 | 297 |
2018-11-01 | $154,675 (19.1%) | $201,595 (16.6%) | 0.00 | 295 |
2018-12-01 | $159,900 (18.5%) | $206,632 (21.9%) | 0.00 | 270 |
2019-01-01 | $157,400 (12.6%) | $202,550 (16.2%) | 0.00 | 246 |
2019-02-01 | $159,550 (6.4%) | $207,901 (12.0%) | 0.00 | 220 |
2019-03-01 | $159,729 (3.1%) | $209,049 (7.3%) | 0.00 | 205 |
2019-04-01 | $159,729 (5.6%) | $204,393 (6.6%) | 0.00 | 206 |
2019-05-01 | $159,900 (6.7%) | $197,663 (3.1%) | 0.00 | 222 |
2019-06-01 | $165,900 (4.0%) | $207,317 (6.1%) | 0.00 | 219 |
2019-07-01 | $169,800 (9.6%) | $210,339 (8.5%) | 0.00 | 216 |
2019-08-01 | $169,791 (9.6%) | $211,208 (7.0%) | 0.00 | 218 |
2019-09-01 | $169,627 (13.1%) | $209,656 (6.6%) | 0.00 | 214 |
2019-10-01 | $169,518 (10.8%) | $209,422 (5.1%) | 0.00 | 209 |
2019-11-01 | $154,950 (0.2%) | $202,072 (0.2%) | 0.00 | 194 |
2019-12-01 | $158,650 (-0.8%) | $196,182 (-5.1%) | 0.00 | 177 |
2020-01-01 | $157,400 (0.0%) | $190,185 (-6.1%) | 0.00 | 162 |
2020-02-01 | $149,900 (-6.1%) | $187,493 (-9.8%) | 0.00 | 159 |
2020-03-01 | $149,300 (-6.5%) | $186,391 (-10.8%) | 0.00 | 140 |
2020-04-01 | $146,850 (-8.1%) | $195,392 (-4.4%) | 0.00 | 134 |
2020-05-01 | $179,000 (11.9%) | $216,717 (9.6%) | 0.00 | 124 |
2020-06-01 | $178,425 (7.6%) | $223,583 (7.9%) | 0.00 | 117 |
2020-07-01 | $179,675 (5.8%) | $234,260 (11.4%) | 0.00 | 101 |
2020-08-01 | $179,000 (5.4%) | $208,764 (-1.2%) | 0.00 | 84 |
2020-09-01 | $159,900 (-5.7%) | $208,826 (-0.4%) | 0.00 | 86 |
2020-10-01 | $154,450 (-8.9%) | $190,397 (-9.1%) | 0.00 | 94 |
2020-11-01 | $145,750 (-5.9%) | $177,467 (-12.2%) | 0.00 | 107 |
2020-12-01 | $151,900 (-4.3%) | $174,414 (-11.1%) | 0.00 | 103 |
2021-01-01 | $146,400 (-7.0%) | $168,506 (-11.4%) | 0.00 | 97 |
2021-02-01 | $150,450 (0.4%) | $175,468 (-6.4%) | 0.00 | 65 |
2021-03-01 | $166,150 (11.3%) | $187,803 (0.8%) | 0.00 | 45 |
2021-04-01 | $171,200 (16.6%) | $211,514 (8.3%) | 0.00 | 61 |
2021-05-01 | $169,900 (-5.1%) | $200,607 (-7.4%) | 0.00 | 60 |
2021-06-01 | $177,900 (-0.3%) | $211,034 (-5.6%) | 0.00 | 77 |
2021-07-01 | $179,900 (0.1%) | $213,794 (-8.7%) | 0.00 | 88 |
2021-08-01 | $179,900 (0.5%) | $227,206 (8.8%) | 0.00 | 82 |
2021-09-01 | $174,900 (9.4%) | $226,552 (8.5%) | 0.00 | 84 |
2021-10-01 | $169,900 (10.0%) | $226,415 (18.9%) | 0.00 | 105 |
2021-11-01 | $169,450 (16.3%) | $216,286 (21.9%) | 0.00 | 100 |
2021-12-01 | $163,425 (7.6%) | $205,814 (18.0%) | 0.00 | 79 |
2022-01-01 | $157,500 (7.6%) | $232,671 (38.1%) | 0.00 | 72 |
2022-02-01 | $155,000 (3.0%) | $227,894 (29.9%) | 0.00 | 77 |
2022-03-01 | $152,250 (-8.4%) | $214,431 (14.2%) | 0.00 | 80 |
2022-04-01 | $161,450 (-5.7%) | $216,467 (2.3%) | 0.00 | 79 |
2022-05-01 | $172,450 (1.5%) | $235,694 (17.5%) | 0.00 | 82 |
2022-06-01 | $182,900 (2.8%) | $252,241 (19.5%) | 0.00 | 93 |
2022-07-01 | $182,400 (1.4%) | $235,295 (10.1%) | 0.00 | 103 |
2022-08-01 | $194,500 (8.1%) | $250,548 (10.3%) | 0.00 | 115 |
2022-09-01 | $222,450 (27.2%) | $267,947 (18.3%) | 0.00 | 126 |
2022-10-01 | $225,000 (32.4%) | $261,847 (15.7%) | 0.00 | 122 |
2022-11-01 | $207,000 (22.2%) | $244,379 (13.0%) | 0.00 | 119 |
2022-12-01 | $201,500 (23.3%) | $247,547 (20.3%) | 0.00 | 112 |
2023-01-01 | $198,750 (26.2%) | $244,315 (5.0%) | 0.00 | 116 |
2023-02-01 | $189,500 (22.3%) | $251,147 (10.2%) | 0.00 | 98 |
2023-03-01 | $185,300 (21.7%) | $250,254 (16.7%) | 0.00 | 96 |
2023-04-01 | $185,000 (14.6%) | $246,778 (14.0%) | 0.00 | 95 |
2023-05-01 | $227,225 (31.8%) | $273,322 (16.0%) | 0.00 | 86 |
2023-06-01 | $259,925 (42.1%) | $304,175 (20.6%) | 0.00 | 93 |
2023-07-01 | $241,450 (32.4%) | $270,844 (15.1%) | 0.00 | 106 |
2023-08-01 | $254,950 (31.1%) | $275,458 (9.9%) | 0.00 | 111 |
2023-09-01 | $249,700 (12.3%) | $268,086 (0.1%) | 0.00 | 122 |
2023-10-01 | $252,450 (12.2%) | $268,935 (2.7%) | 0.00 | 140 |
2023-11-01 | $237,400 (14.7%) | $256,065 (4.8%) | 0.00 | 137 |
2023-12-01 | $239,000 (18.6%) | $254,107 (2.7%) | 0.00 | 133 |
2024-01-01 | $242,175 (21.9%) | $266,698 (9.2%) | 0.00 | 105 |
2024-02-01 | $241,175 (27.3%) | $276,221 (10.0%) | 0.00 | 84 |
2024-03-01 | $251,750 (35.9%) | $283,568 (13.3%) | 0.00 | 83 |
2024-04-01 | $249,450 (34.8%) | $282,826 (14.6%) | 0.00 | 77 |
2024-05-01 | $279,950 (23.2%) | $313,212 (14.6%) | 0.00 | 89 |
2024-06-01 | $284,900 (9.6%) | $321,665 (5.8%) | 0.00 | 111 |
2024-07-01 | $266,600 (10.4%) | $323,676 (19.5%) | 0.00 | 140 |
2024-08-01 | $259,450 (1.8%) | $321,716 (16.8%) | 0.00 | 130 |
2024-09-01 | $272,550 (9.2%) | $306,650 (14.4%) | 0.00 | 140 |
2024-10-01 | $256,250 (1.5%) | $291,901 (8.5%) | 0.00 | 157 |
Zanesville's median listing price comes in at 0% of the national average.
Zanesville's average listing price for 2024-10-01 was $291,901, a difference of $22,966 (8.5%) versus the prior year and $-14,749 versus the prior month.
For the 2024-10-01 period, Zanesville had 157 MLS listings, a difference of 17 listings (12%) versus the prior month and 17 listings (12%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Zanesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,609 sqft |
2018-02-01 | 0 days | 1,679 sqft |
2018-03-01 | 0 days | 1,666 sqft |
2018-04-01 | 0 days | 1,626 sqft |
2018-05-01 | 0 days | 1,616 sqft |
2018-06-01 | 0 days | 1,630 sqft |
2018-07-01 | 0 days | 1,897 sqft |
2018-08-01 | 0 days | 1,912 sqft |
2018-09-01 | 0 days | 1,891 sqft |
2018-10-01 | 0 days | 1,892 sqft |
2018-11-01 | 0 days | 1,960 sqft |
2018-12-01 | 0 days | 1,970 sqft |
2019-01-01 | 0 days | 1,898 sqft |
2019-02-01 | 0 days | 1,915 sqft |
2019-03-01 | 0 days | 1,912 sqft |
2019-04-01 | 0 days | 1,903 sqft |
2019-05-01 | 0 days | 1,681 sqft |
2019-06-01 | 0 days | 1,786 sqft |
2019-07-01 | 0 days | 1,777 sqft |
2019-08-01 | 0 days | 1,790 sqft |
2019-09-01 | 0 days | 1,826 sqft |
2019-10-01 | 0 days | 1,849 sqft |
2019-11-01 | 0 days | 1,781 sqft |
2019-12-01 | 0 days | 1,767 sqft |
2020-01-01 | 0 days | 1,771 sqft |
2020-02-01 | 0 days | 1,813 sqft |
2020-03-01 | 0 days | 1,754 sqft |
2020-04-01 | 0 days | 1,761 sqft |
2020-05-01 | 0 days | 1,916 sqft |
2020-06-01 | 0 days | 1,895 sqft |
2020-07-01 | 0 days | 1,907 sqft |
2020-08-01 | 0 days | 1,685 sqft |
2020-09-01 | 0 days | 1,667 sqft |
2020-10-01 | 0 days | 1,680 sqft |
2020-11-01 | 0 days | 1,705 sqft |
2020-12-01 | 0 days | 1,684 sqft |
2021-01-01 | 0 days | 1,629 sqft |
2021-02-01 | 0 days | 1,628 sqft |
2021-03-01 | 0 days | 1,648 sqft |
2021-04-01 | 0 days | 1,680 sqft |
2021-05-01 | 0 days | 1,832 sqft |
2021-06-01 | 0 days | 1,895 sqft |
2021-07-01 | 0 days | 1,992 sqft |
2021-08-01 | 0 days | 1,949 sqft |
2021-09-01 | 0 days | 1,875 sqft |
2021-10-01 | 0 days | 1,746 sqft |
2021-11-01 | 0 days | 1,610 sqft |
2021-12-01 | 0 days | 1,564 sqft |
2022-01-01 | 0 days | 1,470 sqft |
2022-02-01 | 0 days | 1,610 sqft |
2022-03-01 | 0 days | 1,693 sqft |
2022-04-01 | 0 days | 1,549 sqft |
2022-05-01 | 0 days | 1,582 sqft |
2022-06-01 | 0 days | 1,681 sqft |
2022-07-01 | 0 days | 1,817 sqft |
2022-08-01 | 0 days | 1,664 sqft |
2022-09-01 | 0 days | 1,722 sqft |
2022-10-01 | 0 days | 1,729 sqft |
2022-11-01 | 0 days | 1,780 sqft |
2022-12-01 | 0 days | 1,656 sqft |
2023-01-01 | 0 days | 1,583 sqft |
2023-02-01 | 0 days | 1,558 sqft |
2023-03-01 | 0 days | 1,629 sqft |
2023-04-01 | 0 days | 1,551 sqft |
2023-05-01 | 0 days | 1,777 sqft |
2023-06-01 | 0 days | 1,891 sqft |
2023-07-01 | 0 days | 1,849 sqft |
2023-08-01 | 0 days | 2,033 sqft |
2023-09-01 | 0 days | 1,898 sqft |
2023-10-01 | 0 days | 1,900 sqft |
2023-11-01 | 0 days | 1,884 sqft |
2023-12-01 | 0 days | 1,839 sqft |
2024-01-01 | 0 days | 1,746 sqft |
2024-02-01 | 0 days | 1,832 sqft |
2024-03-01 | 0 days | 1,830 sqft |
2024-04-01 | 0 days | 1,840 sqft |
2024-05-01 | 0 days | 2,048 sqft |
2024-06-01 | 0 days | 2,074 sqft |
2024-07-01 | 0 days | 2,100 sqft |
2024-08-01 | 0 days | 2,100 sqft |
2024-09-01 | 0 days | 2,031 sqft |
2024-10-01 | 0 days | 1,916 sqft |
Zanesville's median square footage for active listings during the 2024-10-01 period was 1,916 sqft. One year prior, the average listing was 1,900 sqft.