Anniston FHA Loan Rates, Closing Costs & Stats
ANNISTON-OXFORD, AL
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.
Anniston's 73 lenders originated 436 FHA loans during 2023. The total origination value was $74,380,000, with an average FHA loan value of $170,596.
Anniston FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Anniston
averaged
0.07%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Anniston's average FHA mortgage closing costs are $6,114.
The average rate for the prior week (2024-11-22) was
6.46% and
one month ago for the week of 2024-10-25, the
average rate was 6.24%.
The average rate one year ago was 6.93%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.1%.
Anniston 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 Anniston level.
The top Anniston FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
70 FHA loans originated. Their average total fees are
$7,384, which is $1,452
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Anniston FHA lenders (with over 10 loans originated) are
SouthPoint Bank ($4,161), VANDERBILT MORTGAGE AND FINANCE, INC. ($6,657), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,384), GUILD MORTGAGE COMPANY ($7,872) and SUCCESS MORTGAGE PARTNERS, INC. ($7,910).
The lowest rate Anniston FHA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.06%), SouthPoint Bank (6.30%), QUICKEN LOANS, LLC (6.44%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.59%) and GUILD MORTGAGE COMPANY (6.71%).
Anniston FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
ANNISTON-OXFORD, AL | CALHOUN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
ANNISTON-OXFORD, AL | CALHOUN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Anniston (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 | $119,900 (9.1%) | $152,178 (7.0%) | 0.00 | 482 |
2018-02-01 | $118,250 (0.7%) | $148,230 (0.1%) | 0.00 | 504 |
2018-03-01 | $119,250 (-0.5%) | $150,358 (-1.6%) | 0.00 | 491 |
2018-04-01 | $119,925 (-0.9%) | $155,667 (1.6%) | 0.00 | 477 |
2018-05-01 | $121,450 (1.3%) | $159,421 (5.2%) | 0.00 | 465 |
2018-06-01 | $124,900 (4.1%) | $159,461 (4.3%) | 0.00 | 476 |
2018-07-01 | $125,975 (0.8%) | $157,995 (2.0%) | 0.00 | 489 |
2018-08-01 | $124,900 (0.0%) | $153,433 (-1.8%) | 0.00 | 509 |
2018-09-01 | $124,900 (5.0%) | $152,804 (0.8%) | 0.00 | 495 |
2018-10-01 | $124,900 (7.8%) | $158,790 (4.5%) | 0.00 | 480 |
2018-11-01 | $125,000 (5.0%) | $164,160 (8.6%) | 0.00 | 461 |
2018-12-01 | $125,000 (4.2%) | $166,912 (8.9%) | 0.00 | 449 |
2019-01-01 | $119,800 (-0.1%) | $162,130 (6.5%) | 0.00 | 436 |
2019-02-01 | $119,900 (1.4%) | $163,701 (10.4%) | 0.00 | 406 |
2019-03-01 | $123,029 (3.2%) | $169,435 (12.7%) | 0.00 | 381 |
2019-04-01 | $128,550 (7.2%) | $174,725 (12.2%) | 0.00 | 368 |
2019-05-01 | $133,450 (9.9%) | $180,892 (13.5%) | 0.00 | 375 |
2019-06-01 | $134,950 (8.1%) | $182,809 (14.6%) | 0.00 | 372 |
2019-07-01 | $144,150 (14.4%) | $189,453 (19.9%) | 0.00 | 376 |
2019-08-01 | $142,200 (13.9%) | $186,627 (21.6%) | 0.00 | 390 |
2019-09-01 | $138,150 (10.6%) | $182,175 (19.2%) | 0.00 | 401 |
2019-10-01 | $135,900 (8.8%) | $179,878 (13.3%) | 0.00 | 408 |
2019-11-01 | $135,500 (8.4%) | $182,411 (11.1%) | 0.00 | 389 |
2019-12-01 | $139,575 (11.7%) | $182,975 (9.6%) | 0.00 | 380 |
2020-01-01 | $139,450 (16.4%) | $182,927 (12.8%) | 0.00 | 380 |
2020-02-01 | $140,000 (16.8%) | $183,249 (11.9%) | 0.00 | 388 |
2020-03-01 | $139,950 (13.8%) | $185,265 (9.3%) | 0.00 | 357 |
2020-04-01 | $139,900 (8.8%) | $181,491 (3.9%) | 0.00 | 359 |
2020-05-01 | $139,900 (4.8%) | $178,863 (-1.1%) | 0.00 | 347 |
2020-06-01 | $139,900 (3.7%) | $185,223 (1.3%) | 0.00 | 316 |
2020-07-01 | $141,225 (-2.0%) | $184,666 (-2.5%) | 0.00 | 321 |
2020-08-01 | $150,200 (5.6%) | $189,844 (1.7%) | 0.00 | 274 |
2020-09-01 | $153,675 (11.2%) | $195,376 (7.3%) | 0.00 | 233 |
2020-10-01 | $154,900 (14.0%) | $197,226 (9.6%) | 0.00 | 222 |
2020-11-01 | $159,900 (18.0%) | $198,266 (8.7%) | 0.00 | 199 |
2020-12-01 | $150,150 (7.6%) | $185,026 (1.1%) | 0.00 | 199 |
2021-01-01 | $149,900 (7.5%) | $188,349 (3.0%) | 0.00 | 184 |
2021-02-01 | $153,900 (9.9%) | $181,095 (-1.2%) | 0.00 | 172 |
2021-03-01 | $154,900 (10.7%) | $183,937 (-0.7%) | 0.00 | 149 |
2021-04-01 | $167,450 (19.7%) | $211,619 (16.6%) | 0.00 | 131 |
2021-05-01 | $164,950 (17.9%) | $208,164 (16.4%) | 0.00 | 131 |
2021-06-01 | $164,950 (17.9%) | $203,238 (9.7%) | 0.00 | 140 |
2021-07-01 | $179,900 (27.4%) | $215,237 (16.6%) | 0.00 | 155 |
2021-08-01 | $178,400 (18.8%) | $223,495 (17.7%) | 0.00 | 163 |
2021-09-01 | $187,400 (22.0%) | $230,843 (18.2%) | 0.00 | 166 |
2021-10-01 | $179,900 (16.1%) | $235,935 (19.6%) | 0.00 | 158 |
2021-11-01 | $189,675 (18.6%) | $238,366 (20.2%) | 0.00 | 165 |
2021-12-01 | $173,700 (15.7%) | $242,192 (30.9%) | 0.00 | 157 |
2022-01-01 | $166,000 (10.7%) | $231,041 (22.7%) | 0.00 | 153 |
2022-02-01 | $158,650 (3.1%) | $206,191 (13.9%) | 0.00 | 155 |
2022-03-01 | $146,175 (-5.6%) | $204,752 (11.3%) | 0.00 | 146 |
2022-04-01 | $153,500 (-8.3%) | $201,257 (-4.9%) | 0.00 | 153 |
2022-05-01 | $164,950 (0.0%) | $212,315 (2.0%) | 0.00 | 170 |
2022-06-01 | $178,450 (8.2%) | $215,451 (6.0%) | 0.00 | 190 |
2022-07-01 | $175,000 (-2.7%) | $203,109 (-5.6%) | 0.00 | 220 |
2022-08-01 | $182,650 (2.4%) | $214,199 (-4.2%) | 0.00 | 230 |
2022-09-01 | $185,575 (-1.0%) | $221,363 (-4.1%) | 0.00 | 231 |
2022-10-01 | $187,450 (4.2%) | $238,103 (0.9%) | 0.00 | 233 |
2022-11-01 | $187,050 (-1.4%) | $243,385 (2.1%) | 0.00 | 243 |
2022-12-01 | $179,000 (3.1%) | $238,517 (-1.5%) | 0.00 | 231 |
2023-01-01 | $182,999 (10.2%) | $242,261 (4.9%) | 0.00 | 208 |
2023-02-01 | $173,775 (9.5%) | $241,285 (17.0%) | 0.00 | 197 |
2023-03-01 | $178,875 (22.4%) | $251,455 (22.8%) | 0.00 | 163 |
2023-04-01 | $179,450 (16.9%) | $251,262 (24.9%) | 0.00 | 174 |
2023-05-01 | $197,675 (19.8%) | $259,884 (22.4%) | 0.00 | 181 |
2023-06-01 | $194,450 (9.0%) | $252,704 (17.3%) | 0.00 | 175 |
2023-07-01 | $199,900 (14.2%) | $259,247 (27.6%) | 0.00 | 195 |
2023-08-01 | $204,900 (12.2%) | $257,515 (20.2%) | 0.00 | 195 |
2023-09-01 | $202,450 (9.1%) | $258,382 (16.7%) | 0.00 | 212 |
2023-10-01 | $199,900 (6.6%) | $251,565 (5.7%) | 0.00 | 233 |
2023-11-01 | $208,155 (11.3%) | $251,700 (3.4%) | 0.00 | 223 |
2023-12-01 | $199,900 (11.7%) | $246,919 (3.5%) | 0.00 | 226 |
2024-01-01 | $201,250 (10.0%) | $244,523 (0.9%) | 0.00 | 214 |
2024-02-01 | $207,661 (19.5%) | $242,601 (0.6%) | 0.00 | 204 |
2024-03-01 | $200,000 (11.8%) | $245,252 (-2.5%) | 0.00 | 212 |
2024-04-01 | $207,400 (15.6%) | $251,555 (0.1%) | 0.00 | 203 |
2024-05-01 | $214,675 (8.6%) | $255,526 (-1.7%) | 0.00 | 210 |
2024-06-01 | $215,000 (10.6%) | $250,452 (-0.9%) | 0.00 | 250 |
2024-07-01 | $219,900 (10.0%) | $252,938 (-2.4%) | 0.00 | 274 |
2024-08-01 | $215,000 (4.9%) | $251,298 (-2.4%) | 0.00 | 285 |
2024-09-01 | $214,925 (6.2%) | $245,859 (-4.9%) | 0.00 | 301 |
2024-10-01 | $219,900 (10.0%) | $251,962 (0.2%) | 0.00 | 309 |
Anniston's median listing price comes in at 0% of the national average.
Anniston's average listing price for 2024-10-01 was $251,962, a difference of $397 (0.2%) versus the prior year and $6,103 versus the prior month.
For the 2024-10-01 period, Anniston had 309 MLS listings, a difference of 8 listings (3%) versus the prior month and 76 listings (33%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Anniston (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,757 sqft |
2018-02-01 | 0 days | 1,674 sqft |
2018-03-01 | 0 days | 1,653 sqft |
2018-04-01 | 0 days | 1,667 sqft |
2018-05-01 | 0 days | 1,660 sqft |
2018-06-01 | 0 days | 1,658 sqft |
2018-07-01 | 0 days | 1,662 sqft |
2018-08-01 | 0 days | 1,662 sqft |
2018-09-01 | 0 days | 1,648 sqft |
2018-10-01 | 0 days | 1,642 sqft |
2018-11-01 | 0 days | 1,663 sqft |
2018-12-01 | 0 days | 1,653 sqft |
2019-01-01 | 0 days | 1,626 sqft |
2019-02-01 | 0 days | 1,642 sqft |
2019-03-01 | 0 days | 1,654 sqft |
2019-04-01 | 0 days | 1,647 sqft |
2019-05-01 | 0 days | 1,662 sqft |
2019-06-01 | 0 days | 1,706 sqft |
2019-07-01 | 0 days | 1,737 sqft |
2019-08-01 | 0 days | 1,743 sqft |
2019-09-01 | 0 days | 1,752 sqft |
2019-10-01 | 0 days | 1,750 sqft |
2019-11-01 | 0 days | 1,744 sqft |
2019-12-01 | 0 days | 1,756 sqft |
2020-01-01 | 0 days | 1,775 sqft |
2020-02-01 | 0 days | 1,825 sqft |
2020-03-01 | 0 days | 1,852 sqft |
2020-04-01 | 0 days | 1,842 sqft |
2020-05-01 | 0 days | 1,830 sqft |
2020-06-01 | 0 days | 1,840 sqft |
2020-07-01 | 0 days | 1,849 sqft |
2020-08-01 | 0 days | 1,845 sqft |
2020-09-01 | 0 days | 1,831 sqft |
2020-10-01 | 0 days | 1,823 sqft |
2020-11-01 | 0 days | 1,806 sqft |
2020-12-01 | 0 days | 1,770 sqft |
2021-01-01 | 0 days | 1,781 sqft |
2021-02-01 | 0 days | 1,765 sqft |
2021-03-01 | 0 days | 1,748 sqft |
2021-04-01 | 0 days | 1,845 sqft |
2021-05-01 | 0 days | 1,830 sqft |
2021-06-01 | 0 days | 1,890 sqft |
2021-07-01 | 0 days | 1,889 sqft |
2021-08-01 | 0 days | 1,846 sqft |
2021-09-01 | 0 days | 1,900 sqft |
2021-10-01 | 0 days | 1,889 sqft |
2021-11-01 | 0 days | 1,961 sqft |
2021-12-01 | 0 days | 1,947 sqft |
2022-01-01 | 0 days | 1,784 sqft |
2022-02-01 | 0 days | 1,589 sqft |
2022-03-01 | 0 days | 1,615 sqft |
2022-04-01 | 0 days | 1,614 sqft |
2022-05-01 | 0 days | 1,717 sqft |
2022-06-01 | 0 days | 1,746 sqft |
2022-07-01 | 0 days | 1,775 sqft |
2022-08-01 | 0 days | 1,795 sqft |
2022-09-01 | 0 days | 1,793 sqft |
2022-10-01 | 0 days | 1,853 sqft |
2022-11-01 | 0 days | 1,842 sqft |
2022-12-01 | 0 days | 1,812 sqft |
2023-01-01 | 0 days | 1,771 sqft |
2023-02-01 | 0 days | 1,757 sqft |
2023-03-01 | 0 days | 1,767 sqft |
2023-04-01 | 0 days | 1,700 sqft |
2023-05-01 | 0 days | 1,811 sqft |
2023-06-01 | 0 days | 1,836 sqft |
2023-07-01 | 0 days | 1,883 sqft |
2023-08-01 | 0 days | 1,841 sqft |
2023-09-01 | 0 days | 1,860 sqft |
2023-10-01 | 0 days | 1,813 sqft |
2023-11-01 | 0 days | 1,792 sqft |
2023-12-01 | 0 days | 1,779 sqft |
2024-01-01 | 0 days | 1,764 sqft |
2024-02-01 | 0 days | 1,732 sqft |
2024-03-01 | 0 days | 1,756 sqft |
2024-04-01 | 0 days | 1,750 sqft |
2024-05-01 | 0 days | 1,749 sqft |
2024-06-01 | 0 days | 1,724 sqft |
2024-07-01 | 0 days | 1,786 sqft |
2024-08-01 | 0 days | 1,800 sqft |
2024-09-01 | 0 days | 1,773 sqft |
2024-10-01 | 0 days | 1,813 sqft |
Anniston's median square footage for active listings during the 2024-10-01 period was 1,813 sqft. One year prior, the average listing was 1,813 sqft.