Athens FHA Loan Rates, Closing Costs & Stats

Athens, TX

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).