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%.
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
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. LouisDate | 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 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. LouisDate | 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 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.