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 -0.32% for the week of 2024-02-23, compared to the national average (all FHA variants) of 0% for the same period.

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

The average rate for the prior week (2024-02-16) was 6.12% and one month ago for the week of 2024-01-19, the average rate was 5.96%.

The average rate one year ago was 6.22%.

For refis of the same type during the week of 2024-02-23, the average rate was -1%.

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 $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
Athens's median listing price for 2023-12-01 was $330,000, a difference of $-49,000 (-12.9%) versus the prior year and $-19,600 versus the prior month.

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

Athens's average listing price for 2023-12-01 was $612,437, a difference of $-120,460 (-16.4%) versus the prior year and $-47,077 versus the prior month.

For the 2023-12-01 period, Athens had 693 MLS listings, a difference of -9 listings (-1%) versus the prior month and 205 listings (42%) 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 1,979 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
Athens's median listing age (time on market) for 2023-12-01 was 0 days.

Athens's median square footage for active listings during the 2023-12-01 period was 1,827 sqft. One year prior, the average listing was 1,862 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).