Athens FHA Loan Rates, Closing Costs & Stats

Athens, TX

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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.

    Athens's 83 lenders originated 259 FHA loans during 2022. The total origination value was $54,395,000, with an average FHA loan value of $210,019.

    Athens FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Athens averaged 6.62% for the week of 2023-09-22, compared to the national average (all FHA variants) of 7.036% for the same period.

    Athens's average FHA mortgage closing costs are $7,763.

    The average rate for the prior week (2023-09-15) was 6.87% and one month ago for the week of 2023-08-18, the average rate was 6.78%.

    The average rate one year ago was 5.47%.

    For refis of the same type during the week of 2023-09-22, the average rate was 5.84%.

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

    Athens 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 Athens level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 23 5.34% $10,593
    QUICKEN LOANS, LLC 12 4.27% $9,020
    UNITED WHOLESALE MORTGAGE, LLC 11 4.87% $9,347
    CALIBER HOME LOANS, INC. 8 5.17% $8,883
    Gateway First Bank 8 5.20% $8,799
    FINANCE OF AMERICA MORTGAGE LLC 8 5.26% $10,372
    CARDINAL FINANCIAL 7 5.82% $11,861
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 4.57% $13,375
    AMCAP MORTGAGE, LTD. 7 5.02% $10,516
    GUILD MORTGAGE COMPANY 7 5.64% $9,378
    LOANDEPOT.COM, LLC 6 4.89% $11,261
    S1L, Inc. 6 5.38% $11,536
    Town Square Mortgage & Investments, Inc. 6 6.06% $9,978
    EVERETT FINANCIAL, INC. 5 5.18% $6,680
    MORTGAGE FINANCIAL SERVICES, LLC 5 4.93% $12,597
    SOUTHWEST FUNDING, LP 4 5.34% $13,841
    VAN DYK MORTGAGE CORPORATION 3 4.38% $4,490
    BROKER SOLUTIONS, INC. 3 5.62% $11,404
    Flagstar Bank, FSB 3 5.46% $8,467
    Plains Commerce Bank 3 6.08% $11,622
    Nations Lending Corporation 3 4.92% $6,715
    AMERICAN FINANCIAL RESOURCES, INC. 2 4.69% $11,198
    PENNYMAC LOAN SERVICES, LLC 2 5.13% $8,698
    Mr. Cooper ( Nationstar Mortgage ) 2 3.06% $4,976
    SFMC, LP 2 5.00% $12,021
    CMG MORTGAGE, INC. 2 6.50% $12,746
    CROSSCOUNTRY MORTGAGE, LLC 2 5.13% $12,882
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.25% $10,007
    1ST SIGNATURE LENDING, LLC 2 6.44% $15,343
    UNION HOME MORTGAGE CORP. 2 6.63% $11,602
    NATIONS RELIABLE LENDING, LLC 2 4.00% $14,242
    LEADERONE FINANCIAL CORPORATION 1 4.25% $7,890
    LHM FINANCIAL CORPORATION 1 4.63% $6,818
    Loan Simple, Inc. 1 6.25% $14,652
    MICHIGAN MUTUAL, INC. 1 6.50% $14,934
    Midwest Mortgage Associates Corporation 1 5.63% $11,004
    MORIA DEVELOPMENT, INC. 1 5.13% $16,597
    Mortgage Research Center, LLC 1 4.75% $14,667
    NBH Bank 1 6.75% $8,028
    NexBank 1 2.88% $11,373
    OPEN MORTGAGE, LLC 1 4.25% $11,935
    Origin Bank 1 4.75% $9,368
    Paramount Residential Mortgage Group, Inc. 1 5.13% $13,859
    PHH Mortgage Corporation 1 5.13% $10,230
    PLAZA HOME MORTGAGE, INC. 1 4.99% $7,100
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.75% $9,741
    Strong Home Mortgage, LLC 1 4.63% $7,663
    SUN WEST MORTGAGE COMPANY, INC. 1 4.38% $10,936
    T2 FINANCIAL LLC 1 3.88% $10,548
    THE MORTGAGE LINK, INC. 1 6.25% $9,147
    THRIVE MORTGAGE, LLC 1 3.75% $11,338
    TOWNE MORTGAGE COMPANY 1 4.50% $15,301
    WILLOW BEND MORTGAGE COMPANY, LLC 1 3.63% $8,357
    ALTRA 1 3.50% $8,560
    AMERICA'S CHOICE HOME LOANS LP 1 5.63% $6,278
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $9,774
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $9,385
    Assurance Financial Group, L.L.C. 1 5.75% $14,128
    Bank of England 1 6.63% $10,179
    BECKAM FUNDING CORP. 1 6.75% $19,166
    BETTER MORTGAGE CORPORATION 1 3.25% $11,046
    Carrington Mortgage Services, LLC 1 4.63% $14,673
    CERTAINTY HOME LOANS, LLC 1 5.25% $10,165
    City Bank 1 3.75% $13,811
    ENVOY MORTGAGE, LTD 1 5.25% $11,513
    Equity Prime Mortgage LLC 1 7.75% $5,002
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 5.50% $12,359
    First Savings Bank 1 3.63% $4,477
    First United Bank and Trust Company 1 5.25% $11,903
    FREEDOM MORTGAGE CORPORATION 1 4.50% $12,979
    GENEVA FINANCIAL, LLC 1 5.38% $8,559
    GREAT WESTERN FINANCIAL SERVICES, INC. 1 4.13% $8,001
    GSF Mortgage Corporation 1 4.63% $21,274
    GUARANTEED RATE, INC. 1 6.25% $10,545
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 4.63% $8,418
    HOME POINT FINANCIAL CORPORATION 1 3.75% $10,692
    HOMESIDE FINANCIAL, LLC 1 4.50% $7,084
    Hometown Lenders, Inc. 1 3.99% $9,492
    Independent Bank 1 4.50% $11,124
    INTEGRITY MORTGAGE CORPORATION OF TEXAS 1 4.75% $3,884
    INTERLINC MORTGAGE SERVICES, LLC 1 3.88% $9,249
    LAKEVIEW LOAN SERVICING, LLC 1 3.60% $3,777
    LAND HOME FINANCIAL SERVICES, INC. 1 6.13% $6,376

    The top Athens FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 23 FHA loans originated. Their average total fees are $10,593, which is $1,573 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Athens FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($9,020), UNITED WHOLESALE MORTGAGE, LLC ($9,347), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($10,593), .

    The lowest rate Athens FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.27%), UNITED WHOLESALE MORTGAGE, LLC (4.87%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (5.34%), .

    Athens FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Athens (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 $254,500 (6.3%) $426,686 (12.3%) 0.00 503
    2018-02-01 $264,450 (10.2%) $439,325 (18.6%) 0.00 515
    2018-03-01 $284,500 (12.9%) $437,036 (14.2%) 0.00 506
    2018-04-01 $282,475 (13.0%) $435,639 (13.8%) 0.00 539
    2018-05-01 $294,450 (15.7%) $446,906 (12.1%) 0.00 545
    2018-06-01 $285,000 (9.7%) $449,360 (14.1%) 0.00 577
    2018-07-01 $274,500 (6.9%) $420,456 (8.0%) 0.00 562
    2018-08-01 $249,800 (-2.4%) $392,144 (-3.4%) 0.00 591
    2018-09-01 $241,500 (-8.9%) $400,544 (-1.7%) 0.00 588
    2018-10-01 $232,175 (-10.9%) $398,987 (-5.1%) 0.00 588
    2018-11-01 $225,000 (-13.3%) $406,551 (-2.2%) 0.00 562
    2018-12-01 $225,000 (-10.0%) $411,342 (1.5%) 0.00 555
    2019-01-01 $224,750 (-11.7%) $421,067 (-1.3%) 0.00 509
    2019-02-01 $230,250 (-12.9%) $407,238 (-7.3%) 0.00 487
    2019-03-01 $247,086 (-13.2%) $420,055 (-3.9%) 0.00 494
    2019-04-01 $250,383 (-11.4%) $419,195 (-3.8%) 0.00 517
    2019-05-01 $266,750 (-9.4%) $410,853 (-8.1%) 0.00 498
    2019-06-01 $275,000 (-3.5%) $411,081 (-8.5%) 0.00 506
    2019-07-01 $264,250 (-3.7%) $410,418 (-2.4%) 0.00 516
    2019-08-01 $259,636 (3.9%) $414,054 (5.6%) 0.00 520
    2019-09-01 $253,091 (4.8%) $414,427 (3.5%) 0.00 515
    2019-10-01 $254,677 (9.7%) $428,354 (7.4%) 0.00 493
    2019-11-01 $258,300 (14.8%) $435,236 (7.1%) 0.00 459
    2019-12-01 $249,700 (11.0%) $389,897 (-5.2%) 0.00 444
    2020-01-01 $239,000 (6.3%) $398,387 (-5.4%) 0.00 405
    2020-02-01 $230,000 (-0.1%) $376,861 (-7.5%) 0.00 424
    2020-03-01 $231,000 (-6.5%) $379,248 (-9.7%) 0.00 439
    2020-04-01 $227,225 (-9.3%) $365,275 (-12.9%) 0.00 453
    2020-05-01 $228,500 (-14.3%) $414,509 (0.9%) 0.00 408
    2020-06-01 $219,975 (-20.0%) $411,977 (0.2%) 0.00 318
    2020-07-01 $217,000 (-17.9%) $415,265 (1.2%) 0.00 294
    2020-08-01 $220,750 (-15.0%) $452,568 (9.3%) 0.00 299
    2020-09-01 $219,450 (-13.3%) $476,268 (14.9%) 0.00 292
    2020-10-01 $230,000 (-9.7%) $514,481 (20.1%) 0.00 290
    2020-11-01 $242,293 (-6.2%) $527,945 (21.3%) 0.00 305
    2020-12-01 $235,085 (-5.9%) $508,813 (30.5%) 0.00 284
    2021-01-01 $230,000 (-3.8%) $486,454 (22.1%) 0.00 255
    2021-02-01 $243,450 (5.9%) $528,712 (40.3%) 0.00 209
    2021-03-01 $279,350 (20.9%) $497,319 (31.1%) 0.00 179
    2021-04-01 $305,000 (34.2%) $524,578 (43.6%) 0.00 180
    2021-05-01 $332,000 (45.3%) $560,861 (35.3%) 0.00 186
    2021-06-01 $337,500 (53.4%) $629,164 (52.7%) 0.00 204
    2021-07-01 $350,000 (61.3%) $613,437 (47.7%) 0.00 243
    2021-08-01 $399,225 (80.9%) $622,295 (37.5%) 0.00 272
    2021-09-01 $353,250 (61.0%) $568,853 (19.4%) 0.00 290
    2021-10-01 $329,000 (43.0%) $566,047 (10.0%) 0.00 273
    2021-11-01 $325,000 (34.1%) $561,396 (6.3%) 0.00 258
    2021-12-01 $299,200 (27.3%) $536,568 (5.5%) 0.00 248
    2022-01-01 $309,950 (34.8%) $519,209 (6.7%) 0.00 230
    2022-02-01 $347,450 (42.7%) $622,409 (17.7%) 0.00 183
    2022-03-01 $399,000 (42.8%) $724,371 (45.7%) 0.00 191
    2022-04-01 $379,999 (24.6%) $720,184 (37.3%) 0.00 217
    2022-05-01 $393,500 (18.5%) $760,552 (35.6%) 0.00 261
    2022-06-01 $395,750 (17.3%) $796,418 (26.6%) 0.00 331
    2022-07-01 $399,000 (14.0%) $790,075 (28.8%) 0.00 401
    2022-08-01 $388,877 (-2.6%) $760,944 (22.3%) 0.00 454
    2022-09-01 $394,288 (11.6%) $770,906 (35.5%) 0.00 468
    2022-10-01 $379,450 (15.3%) $743,654 (31.4%) 0.00 468
    2022-11-01 $365,500 (12.5%) $728,240 (29.7%) 0.00 513
    2022-12-01 $375,000 (25.3%) $740,802 (38.1%) 0.00 474
    2023-01-01 $374,750 (20.9%) $728,728 (40.4%) 0.00 423
    2023-02-01 $385,125 (10.8%) $731,214 (17.5%) 0.00 443
    2023-03-01 $387,500 (-2.9%) $736,506 (1.7%) 0.00 486
    2023-04-01 $390,000 (2.6%) $720,838 (0.1%) 0.00 538
    2023-05-01 $396,406 (0.7%) $751,631 (-1.2%) 0.00 586
    2023-06-01 $402,500 (1.7%) $812,865 (2.1%) 0.00 617
    2023-07-01 $409,000 (2.5%) $827,535 (4.7%) 0.00 644
    2023-08-01 $399,900 (2.8%) $765,232 (0.6%) 0.00 688
    Athens's median listing price for 2023-08-01 was $399,900, a difference of $11,023 (2.8%) versus the prior year and $-9,100 versus the prior month.

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

    Athens's average listing price for 2023-08-01 was $765,232, a difference of $4,288 (0.6%) versus the prior year and $-62,303 versus the prior month.

    For the 2023-08-01 period, Athens had 688 MLS listings, a difference of 44 listings (7%) versus the prior month and 234 listings (52%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Athens (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,975 sqft
    2018-02-01 0 days 1,955 sqft
    2018-03-01 0 days 1,989 sqft
    2018-04-01 0 days 1,992 sqft
    2018-05-01 0 days 2,000 sqft
    2018-06-01 0 days 2,000 sqft
    2018-07-01 0 days 1,949 sqft
    2018-08-01 0 days 1,906 sqft
    2018-09-01 0 days 1,834 sqft
    2018-10-01 0 days 1,821 sqft
    2018-11-01 0 days 1,800 sqft
    2018-12-01 0 days 1,784 sqft
    2019-01-01 0 days 1,800 sqft
    2019-02-01 0 days 1,837 sqft
    2019-03-01 0 days 1,896 sqft
    2019-04-01 0 days 1,901 sqft
    2019-05-01 0 days 1,947 sqft
    2019-06-01 0 days 1,942 sqft
    2019-07-01 0 days 1,911 sqft
    2019-08-01 0 days 1,909 sqft
    2019-09-01 0 days 1,875 sqft
    2019-10-01 0 days 1,896 sqft
    2019-11-01 0 days 1,886 sqft
    2019-12-01 0 days 1,867 sqft
    2020-01-01 0 days 1,849 sqft
    2020-02-01 0 days 1,822 sqft
    2020-03-01 0 days 1,812 sqft
    2020-04-01 0 days 1,797 sqft
    2020-05-01 0 days 1,820 sqft
    2020-06-01 0 days 1,808 sqft
    2020-07-01 0 days 1,794 sqft
    2020-08-01 0 days 1,800 sqft
    2020-09-01 0 days 1,771 sqft
    2020-10-01 0 days 1,782 sqft
    2020-11-01 0 days 1,775 sqft
    2020-12-01 0 days 1,748 sqft
    2021-01-01 0 days 1,742 sqft
    2021-02-01 0 days 1,841 sqft
    2021-03-01 0 days 1,867 sqft
    2021-04-01 0 days 1,969 sqft
    2021-05-01 0 days 1,970 sqft
    2021-06-01 0 days 1,966 sqft
    2021-07-01 0 days 1,956 sqft
    2021-08-01 0 days 1,944 sqft
    2021-09-01 0 days 1,855 sqft
    2021-10-01 0 days 1,859 sqft
    2021-11-01 0 days 1,824 sqft
    2021-12-01 0 days 1,766 sqft
    2022-01-01 0 days 1,784 sqft
    2022-02-01 0 days 1,902 sqft
    2022-03-01 0 days 1,875 sqft
    2022-04-01 0 days 1,900 sqft
    2022-05-01 0 days 1,938 sqft
    2022-06-01 0 days 1,882 sqft
    2022-07-01 0 days 1,927 sqft
    2022-08-01 0 days 1,926 sqft
    2022-09-01 0 days 1,924 sqft
    2022-10-01 0 days 1,900 sqft
    2022-11-01 0 days 1,843 sqft
    2022-12-01 0 days 1,864 sqft
    2023-01-01 0 days 1,883 sqft
    2023-02-01 0 days 1,882 sqft
    2023-03-01 0 days 1,901 sqft
    2023-04-01 0 days 1,896 sqft
    2023-05-01 0 days 1,908 sqft
    2023-06-01 0 days 1,960 sqft
    2023-07-01 0 days 1,960 sqft
    2023-08-01 0 days 1,923 sqft
    Athens's median listing age (time on market) for 2023-08-01 was 0 days.

    Athens's median square footage for active listings during the 2023-08-01 period was 1,923 sqft. One year prior, the average listing was 1,926 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).