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 72 lenders originated 208 FHA loans during 2023. The total origination value was $45,300,000, with an average FHA loan value of $217,788.
Athens FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Athens
averaged
6.31%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
Athens's average FHA mortgage closing costs are $8,208.
The average rate for the prior week (2024-10-04) was
6.23% and
one month ago for the week of 2024-09-06, the
average rate was 6.16%.
The average rate one year ago was 7.29%.
For refis of the same type during the week of 2024-10-11, the average rate
was 5.91%.
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.
The top Athens FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
16 FHA loans originated. Their average total fees are
$10,860, which is $820
lower than the next largest lender,
CARDINAL FINANCIAL.
The lowest fee Athens FHA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC ($10,010), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($10,860), CARDINAL FINANCIAL ($11,680), QUICKEN LOANS, LLC ($12,546) and .
The lowest rate Athens FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.26%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.87%), UNITED WHOLESALE MORTGAGE, LLC (6.90%), CARDINAL FINANCIAL (7.59%) and .
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $259,250 (8.5%) | $425,705 (12.8%) | 0.00 | 518 |
2018-02-01 | $267,450 (11.7%) | $437,826 (19.0%) | 0.00 | 528 |
2018-03-01 | $285,000 (13.0%) | $434,398 (14.1%) | 0.00 | 521 |
2018-04-01 | $287,000 (14.8%) | $435,692 (14.4%) | 0.00 | 553 |
2018-05-01 | $297,700 (17.0%) | $445,068 (12.0%) | 0.00 | 558 |
2018-06-01 | $289,000 (11.5%) | $448,028 (13.9%) | 0.00 | 587 |
2018-07-01 | $275,000 (10.0%) | $422,609 (8.8%) | 0.00 | 571 |
2018-08-01 | $249,950 (-2.4%) | $392,860 (-3.1%) | 0.00 | 600 |
2018-09-01 | $241,500 (-10.2%) | $398,384 (-2.4%) | 0.00 | 605 |
2018-10-01 | $229,000 (-12.9%) | $396,857 (-5.9%) | 0.00 | 606 |
2018-11-01 | $225,000 (-15.4%) | $404,436 (-2.9%) | 0.00 | 577 |
2018-12-01 | $219,900 (-15.1%) | $409,161 (0.8%) | 0.00 | 570 |
2019-01-01 | $222,500 (-14.2%) | $419,662 (-1.4%) | 0.00 | 523 |
2019-02-01 | $234,000 (-12.5%) | $409,052 (-6.6%) | 0.00 | 496 |
2019-03-01 | $253,050 (-11.2%) | $422,973 (-2.6%) | 0.00 | 502 |
2019-04-01 | $258,725 (-9.9%) | $421,429 (-3.3%) | 0.00 | 526 |
2019-05-01 | $272,000 (-8.6%) | $412,975 (-7.2%) | 0.00 | 507 |
2019-06-01 | $275,000 (-4.8%) | $414,018 (-7.6%) | 0.00 | 518 |
2019-07-01 | $269,125 (-2.1%) | $409,655 (-3.1%) | 0.00 | 530 |
2019-08-01 | $263,973 (5.6%) | $412,646 (5.0%) | 0.00 | 535 |
2019-09-01 | $256,057 (6.0%) | $411,871 (3.4%) | 0.00 | 532 |
2019-10-01 | $257,830 (12.6%) | $424,784 (7.0%) | 0.00 | 510 |
2019-11-01 | $258,300 (14.8%) | $432,073 (6.8%) | 0.00 | 481 |
2019-12-01 | $249,125 (13.3%) | $384,653 (-6.0%) | 0.00 | 464 |
2020-01-01 | $238,944 (7.4%) | $392,964 (-6.4%) | 0.00 | 422 |
2020-02-01 | $232,627 (-0.6%) | $375,641 (-8.2%) | 0.00 | 441 |
2020-03-01 | $234,325 (-7.4%) | $379,692 (-10.2%) | 0.00 | 453 |
2020-04-01 | $230,325 (-11.0%) | $365,648 (-13.2%) | 0.00 | 467 |
2020-05-01 | $234,900 (-13.6%) | $413,327 (0.1%) | 0.00 | 419 |
2020-06-01 | $228,675 (-16.9%) | $410,018 (-1.0%) | 0.00 | 335 |
2020-07-01 | $225,000 (-16.4%) | $412,576 (0.7%) | 0.00 | 310 |
2020-08-01 | $229,000 (-13.3%) | $452,460 (9.7%) | 0.00 | 309 |
2020-09-01 | $227,000 (-11.4%) | $469,135 (13.9%) | 0.00 | 311 |
2020-10-01 | $232,250 (-9.9%) | $482,817 (13.7%) | 0.00 | 331 |
2020-11-01 | $237,500 (-8.1%) | $498,632 (15.4%) | 0.00 | 340 |
2020-12-01 | $231,100 (-7.2%) | $479,820 (24.7%) | 0.00 | 318 |
2021-01-01 | $228,700 (-4.3%) | $459,328 (16.9%) | 0.00 | 292 |
2021-02-01 | $244,200 (5.0%) | $491,851 (30.9%) | 0.00 | 247 |
2021-03-01 | $264,800 (13.0%) | $461,792 (21.6%) | 0.00 | 216 |
2021-04-01 | $277,269 (20.4%) | $486,327 (33.0%) | 0.00 | 214 |
2021-05-01 | $288,875 (23.0%) | $513,728 (24.3%) | 0.00 | 221 |
2021-06-01 | $294,099 (28.6%) | $582,928 (42.2%) | 0.00 | 238 |
2021-07-01 | $299,500 (33.1%) | $575,139 (39.4%) | 0.00 | 278 |
2021-08-01 | $352,000 (53.7%) | $581,386 (28.5%) | 0.00 | 304 |
2021-09-01 | $312,450 (37.6%) | $540,131 (15.1%) | 0.00 | 322 |
2021-10-01 | $320,000 (37.8%) | $548,454 (13.6%) | 0.00 | 282 |
2021-11-01 | $309,574 (30.4%) | $545,779 (9.5%) | 0.00 | 279 |
2021-12-01 | $304,248 (31.7%) | $524,570 (9.3%) | 0.00 | 269 |
2022-01-01 | $304,428 (33.1%) | $515,353 (12.2%) | 0.00 | 246 |
2022-02-01 | $342,225 (40.1%) | $605,127 (23.0%) | 0.00 | 196 |
2022-03-01 | $378,600 (43.0%) | $706,502 (53.0%) | 0.00 | 205 |
2022-04-01 | $375,000 (35.3%) | $704,657 (44.9%) | 0.00 | 230 |
2022-05-01 | $382,000 (32.2%) | $739,436 (43.9%) | 0.00 | 279 |
2022-06-01 | $385,250 (31.0%) | $770,261 (32.1%) | 0.00 | 353 |
2022-07-01 | $399,000 (33.2%) | $771,343 (34.1%) | 0.00 | 423 |
2022-08-01 | $386,188 (9.7%) | $745,296 (28.2%) | 0.00 | 479 |
2022-09-01 | $394,250 (26.2%) | $755,395 (39.9%) | 0.00 | 492 |
2022-10-01 | $379,800 (18.7%) | $728,274 (32.8%) | 0.00 | 494 |
2022-11-01 | $370,750 (19.8%) | $714,513 (30.9%) | 0.00 | 536 |
2022-12-01 | $379,000 (24.6%) | $732,897 (39.7%) | 0.00 | 488 |
2023-01-01 | $378,250 (24.3%) | $716,545 (39.0%) | 0.00 | 441 |
2023-02-01 | $385,000 (12.5%) | $719,971 (19.0%) | 0.00 | 460 |
2023-03-01 | $390,000 (3.0%) | $727,109 (2.9%) | 0.00 | 498 |
2023-04-01 | $391,000 (4.3%) | $713,421 (1.2%) | 0.00 | 558 |
2023-05-01 | $395,656 (3.6%) | $738,231 (-0.2%) | 0.00 | 609 |
2023-06-01 | $402,475 (4.5%) | $799,054 (3.7%) | 0.00 | 636 |
2023-07-01 | $412,000 (3.3%) | $813,951 (5.5%) | 0.00 | 661 |
2023-08-01 | $399,450 (3.4%) | $759,410 (1.9%) | 0.00 | 699 |
2023-09-01 | $389,000 (-1.3%) | $712,062 (-5.7%) | 0.00 | 677 |
2023-10-01 | $349,500 (-8.0%) | $680,882 (-6.5%) | 0.00 | 708 |
2023-11-01 | $349,600 (-5.7%) | $659,514 (-7.7%) | 0.00 | 702 |
2023-12-01 | $330,000 (-12.9%) | $612,437 (-16.4%) | 0.00 | 693 |
2024-01-01 | $321,498 (-15.0%) | $639,403 (-10.8%) | 0.00 | 666 |
2024-02-01 | $322,998 (-16.1%) | $661,870 (-8.1%) | 0.00 | 691 |
2024-03-01 | $364,900 (-6.4%) | $694,847 (-4.4%) | 0.00 | 742 |
2024-04-01 | $363,425 (-7.1%) | $703,121 (-1.4%) | 0.00 | 789 |
2024-05-01 | $375,000 (-5.2%) | $718,402 (-2.7%) | 0.00 | 791 |
2024-06-01 | $372,750 (-7.4%) | $695,666 (-12.9%) | 0.00 | 811 |
2024-07-01 | $381,500 (-7.4%) | $695,220 (-14.6%) | 0.00 | 839 |
2024-08-01 | $375,000 (-6.1%) | $693,698 (-8.7%) | 0.00 | 830 |
2024-09-01 | $364,125 (-6.4%) | $692,610 (-2.7%) | 0.00 | 848 |
Athens's median listing price comes in at 0% of the national average.
Athens's average listing price for 2024-09-01 was $692,610, a difference of $-19,452 (-2.7%) versus the prior year and $-1,088 versus the prior month.
For the 2024-09-01 period, Athens had 848 MLS listings, a difference of 18 listings (2%) versus the prior month and 171 listings (25%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Athens (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,979 sqft |
2018-02-01 | 0 days | 1,960 sqft |
2018-03-01 | 0 days | 1,997 sqft |
2018-04-01 | 0 days | 2,000 sqft |
2018-05-01 | 0 days | 2,001 sqft |
2018-06-01 | 0 days | 2,000 sqft |
2018-07-01 | 0 days | 1,964 sqft |
2018-08-01 | 0 days | 1,909 sqft |
2018-09-01 | 0 days | 1,831 sqft |
2018-10-01 | 0 days | 1,809 sqft |
2018-11-01 | 0 days | 1,796 sqft |
2018-12-01 | 0 days | 1,773 sqft |
2019-01-01 | 0 days | 1,800 sqft |
2019-02-01 | 0 days | 1,835 sqft |
2019-03-01 | 0 days | 1,901 sqft |
2019-04-01 | 0 days | 1,902 sqft |
2019-05-01 | 0 days | 1,952 sqft |
2019-06-01 | 0 days | 1,944 sqft |
2019-07-01 | 0 days | 1,924 sqft |
2019-08-01 | 0 days | 1,911 sqft |
2019-09-01 | 0 days | 1,876 sqft |
2019-10-01 | 0 days | 1,895 sqft |
2019-11-01 | 0 days | 1,888 sqft |
2019-12-01 | 0 days | 1,869 sqft |
2020-01-01 | 0 days | 1,848 sqft |
2020-02-01 | 0 days | 1,822 sqft |
2020-03-01 | 0 days | 1,819 sqft |
2020-04-01 | 0 days | 1,804 sqft |
2020-05-01 | 0 days | 1,824 sqft |
2020-06-01 | 0 days | 1,821 sqft |
2020-07-01 | 0 days | 1,814 sqft |
2020-08-01 | 0 days | 1,816 sqft |
2020-09-01 | 0 days | 1,779 sqft |
2020-10-01 | 0 days | 1,742 sqft |
2020-11-01 | 0 days | 1,728 sqft |
2020-12-01 | 0 days | 1,691 sqft |
2021-01-01 | 0 days | 1,685 sqft |
2021-02-01 | 0 days | 1,744 sqft |
2021-03-01 | 0 days | 1,744 sqft |
2021-04-01 | 0 days | 1,736 sqft |
2021-05-01 | 0 days | 1,750 sqft |
2021-06-01 | 0 days | 1,794 sqft |
2021-07-01 | 0 days | 1,813 sqft |
2021-08-01 | 0 days | 1,859 sqft |
2021-09-01 | 0 days | 1,782 sqft |
2021-10-01 | 0 days | 1,826 sqft |
2021-11-01 | 0 days | 1,781 sqft |
2021-12-01 | 0 days | 1,754 sqft |
2022-01-01 | 0 days | 1,760 sqft |
2022-02-01 | 0 days | 1,868 sqft |
2022-03-01 | 0 days | 1,852 sqft |
2022-04-01 | 0 days | 1,868 sqft |
2022-05-01 | 0 days | 1,902 sqft |
2022-06-01 | 0 days | 1,850 sqft |
2022-07-01 | 0 days | 1,900 sqft |
2022-08-01 | 0 days | 1,892 sqft |
2022-09-01 | 0 days | 1,899 sqft |
2022-10-01 | 0 days | 1,870 sqft |
2022-11-01 | 0 days | 1,834 sqft |
2022-12-01 | 0 days | 1,862 sqft |
2023-01-01 | 0 days | 1,877 sqft |
2023-02-01 | 0 days | 1,869 sqft |
2023-03-01 | 0 days | 1,900 sqft |
2023-04-01 | 0 days | 1,900 sqft |
2023-05-01 | 0 days | 1,906 sqft |
2023-06-01 | 0 days | 1,955 sqft |
2023-07-01 | 0 days | 1,956 sqft |
2023-08-01 | 0 days | 1,917 sqft |
2023-09-01 | 0 days | 1,871 sqft |
2023-10-01 | 0 days | 1,865 sqft |
2023-11-01 | 0 days | 1,857 sqft |
2023-12-01 | 0 days | 1,827 sqft |
2024-01-01 | 0 days | 1,804 sqft |
2024-02-01 | 0 days | 1,810 sqft |
2024-03-01 | 0 days | 1,848 sqft |
2024-04-01 | 0 days | 1,845 sqft |
2024-05-01 | 0 days | 1,869 sqft |
2024-06-01 | 0 days | 1,890 sqft |
2024-07-01 | 0 days | 1,893 sqft |
2024-08-01 | 0 days | 1,904 sqft |
2024-09-01 | 0 days | 1,903 sqft |
Athens's median square footage for active listings during the 2024-09-01 period was 1,903 sqft. One year prior, the average listing was 1,871 sqft.