Atlanta FHA Loans
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA
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.
Atlanta's 311 lenders originated 39,866 FHA loans during 2021. The total origination value was $9,518,180,000, with an average FHA loan value of $238,754.
Atlanta FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Atlanta
averaged
5.83%
for the week of 2022-09-23, compared to the national average (all FHA variants) of
6.08% for the same period.
The average rate for the prior week (2022-09-16) was
5.73% and
one month ago for the week of 2022-08-19, the
average rate was 5.35%.
The average rate one year ago was 2.89%.
For refis of the same type during the week of 2022-09-23, the average rate
was 5.59%.
Atlanta FHA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Atlanta level.
The top Atlanta FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
3,901 FHA loans originated. Their average total fees are
$6,649, which is $735
lower than the next largest lender,
HOMESTAR FINANCIAL CORPORATION.
The lowest fee Atlanta FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE ($2,571), OCEANSIDE MORTGAGE COMPANY ($3,839), MID AMERICA MORTGAGE, INC. ($4,175), Mr. Cooper ( Nationstar Mortgage ) ($4,562) and Low VA Rates, LLC ($4,662).
The lowest rate Atlanta FHA lenders (with over 10 loans originated) are
VICTORY MORTGAGE, L.L.C. (2.60%), QUICKEN LOANS, LLC (2.71%), PNC Bank (2.71%), South Pacific Financial Corporation (2.71%) and Mortgage Assurance Inc. (2.71%).
Atlanta FHA Loan Limits
| Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
|---|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | BARROW | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | BARTOW | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | BUTTS | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | CARROLL | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | CHEROKEE | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | CLAYTON | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | COBB | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | COWETA | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | DAWSON | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | DEKALB | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | DOUGLAS | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | FAYETTE | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | FORSYTH | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | FULTON | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | GWINNETT | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | HARALSON | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | HEARD | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | HENRY | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | JASPER | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | LAMAR | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | MERIWETHER | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | MORGAN | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | NEWTON | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | PAULDING | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | PICKENS | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | PIKE | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | ROCKDALE | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | SPALDING | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | WALTON | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Atlanta (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 | $306,950 (13.7%) | $420,649 (8.4%) | 1.13 | 31,596 |
| 2018-02-01 | $312,450 (13.7%) | $429,864 (8.1%) | 1.13 | 30,862 |
| 2018-03-01 | $324,900 (15.0%) | $439,915 (6.3%) | 1.12 | 31,786 |
| 2018-04-01 | $337,000 (13.5%) | $459,576 (9.2%) | 1.13 | 33,133 |
| 2018-05-01 | $341,200 (13.8%) | $457,395 (8.3%) | 1.14 | 34,798 |
| 2018-06-01 | $339,900 (13.3%) | $450,984 (7.6%) | 1.13 | 36,707 |
| 2018-07-01 | $330,772 (11.0%) | $442,119 (7.8%) | 1.10 | 39,645 |
| 2018-08-01 | $325,000 (8.4%) | $437,679 (6.5%) | 1.09 | 40,355 |
| 2018-09-01 | $324,900 (8.3%) | $428,724 (4.1%) | 1.09 | 40,907 |
| 2018-10-01 | $319,450 (6.5%) | $428,758 (3.5%) | 1.07 | 43,412 |
| 2018-11-01 | $319,116 (6.4%) | $433,446 (4.3%) | 1.07 | 42,799 |
| 2018-12-01 | $315,000 (5.0%) | $430,358 (3.5%) | 1.08 | 41,239 |
| 2019-01-01 | $313,950 (2.3%) | $426,742 (1.5%) | 1.08 | 38,751 |
| 2019-02-01 | $317,446 (1.6%) | $431,742 (0.4%) | 1.06 | 38,408 |
| 2019-03-01 | $324,237 (-0.2%) | $437,858 (-0.5%) | 1.06 | 39,965 |
| 2019-04-01 | $329,950 (-2.1%) | $441,475 (-3.9%) | 1.04 | 42,472 |
| 2019-05-01 | $337,510 (-1.1%) | $445,536 (-2.6%) | 1.04 | 44,114 |
| 2019-06-01 | $334,900 (-1.5%) | $441,204 (-2.2%) | 1.03 | 45,459 |
| 2019-07-01 | $329,450 (-0.4%) | $437,383 (-1.1%) | 1.02 | 46,695 |
| 2019-08-01 | $323,803 (-0.4%) | $428,339 (-2.1%) | 1.02 | 46,404 |
| 2019-09-01 | $320,000 (-1.5%) | $424,767 (-0.9%) | 1.02 | 45,741 |
| 2019-10-01 | $322,450 (0.9%) | $425,889 (-0.7%) | 1.03 | 45,447 |
| 2019-11-01 | $325,000 (1.8%) | $432,609 (-0.2%) | 1.05 | 42,567 |
| 2019-12-01 | $319,950 (1.6%) | $432,699 (0.5%) | 1.07 | 39,610 |
| 2020-01-01 | $319,450 (1.8%) | $428,857 (0.5%) | 1.07 | 36,029 |
| 2020-02-01 | $324,816 (2.3%) | $437,514 (1.3%) | 1.05 | 34,358 |
| 2020-03-01 | $329,950 (1.8%) | $447,343 (2.2%) | 1.03 | 34,219 |
| 2020-04-01 | $325,450 (-1.4%) | $435,520 (-1.4%) | 1.01 | 37,555 |
| 2020-05-01 | $334,848 (-0.8%) | $448,284 (0.6%) | 1.01 | 36,728 |
| 2020-06-01 | $347,000 (3.6%) | $465,635 (5.5%) | 1.01 | 32,950 |
| 2020-07-01 | $356,508 (8.2%) | $487,217 (11.4%) | 1.02 | 29,473 |
| 2020-08-01 | $365,000 (12.7%) | $499,231 (16.6%) | 1.04 | 27,410 |
| 2020-09-01 | $369,000 (15.3%) | $509,326 (19.9%) | 1.05 | 25,550 |
| 2020-10-01 | $369,000 (14.4%) | $512,528 (20.3%) | 1.05 | 24,793 |
| 2020-11-01 | $359,950 (10.8%) | $509,917 (17.9%) | 1.03 | 22,636 |
| 2020-12-01 | $354,950 (10.9%) | $511,310 (18.2%) | 1.04 | 20,061 |
| 2021-01-01 | $352,000 (10.2%) | $509,032 (18.7%) | 1.04 | 17,249 |
| 2021-02-01 | $361,183 (11.2%) | $525,895 (20.2%) | 1.04 | 14,377 |
| 2021-03-01 | $366,795 (11.2%) | $527,725 (18.0%) | 1.03 | 13,694 |
| 2021-04-01 | $379,950 (16.8%) | $538,171 (23.6%) | 1.02 | 13,808 |
| 2021-05-01 | $389,900 (16.4%) | $550,399 (22.8%) | 1.03 | 14,138 |
| 2021-06-01 | $394,950 (13.8%) | $549,503 (18.0%) | 1.03 | 15,605 |
| 2021-07-01 | $399,900 (12.2%) | $561,007 (15.2%) | 1.04 | 17,254 |
| 2021-08-01 | $396,000 (8.5%) | $546,586 (9.5%) | 1.04 | 18,500 |
| 2021-09-01 | $397,500 (7.7%) | $543,834 (6.8%) | 1.05 | 18,409 |
| 2021-10-01 | $393,900 (6.8%) | $541,183 (5.6%) | 1.04 | 18,203 |
| 2021-11-01 | $393,980 (9.5%) | $544,044 (6.7%) | 1.04 | 17,333 |
| 2021-12-01 | $389,945 (9.9%) | $538,092 (5.2%) | 1.04 | 15,990 |
| 2022-01-01 | $385,900 (9.6%) | $545,479 (7.2%) | 1.03 | 13,416 |
| 2022-02-01 | $389,950 (8.0%) | $566,392 (7.7%) | 0.99 | 12,055 |
| 2022-03-01 | $399,450 (8.9%) | $568,445 (7.7%) | 0.99 | 12,135 |
| 2022-04-01 | $412,000 (8.4%) | $588,140 (9.3%) | 0.97 | 12,593 |
| 2022-05-01 | $427,950 (9.8%) | $601,700 (9.3%) | 0.96 | 15,632 |
| 2022-06-01 | $445,000 (12.7%) | $611,493 (11.3%) | 0.99 | 19,257 |
| 2022-07-01 | $434,900 (8.8%) | $588,752 (5.0%) | 0.97 | 25,063 |
| 2022-08-01 | $424,975 (7.3%) | $574,497 (5.1%) | 0.98 | 27,516 |
Atlanta's median listing price comes in at 98% of the national average.
Atlanta's average listing price for 2022-08-01 was $574,497, a difference of $27,911 (5.1%) versus the prior year and $-14,255 versus the prior month.
For the 2022-08-01 period, Atlanta had 27,516 MLS listings, a difference of 2,453 listings (10%) versus the prior month and 9,016 listings (49%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Atlanta (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 68 days | 2,587 sqft |
| 2018-02-01 | 54 days | 2,609 sqft |
| 2018-03-01 | 43 days | 2,650 sqft |
| 2018-04-01 | 44 days | 2,710 sqft |
| 2018-05-01 | 44 days | 2,702 sqft |
| 2018-06-01 | 45 days | 2,678 sqft |
| 2018-07-01 | 46 days | 2,635 sqft |
| 2018-08-01 | 49 days | 2,604 sqft |
| 2018-09-01 | 51 days | 2,580 sqft |
| 2018-10-01 | 54 days | 2,550 sqft |
| 2018-11-01 | 55 days | 2,545 sqft |
| 2018-12-01 | 64 days | 2,529 sqft |
| 2019-01-01 | 67 days | 2,494 sqft |
| 2019-02-01 | 56 days | 2,483 sqft |
| 2019-03-01 | 49 days | 2,531 sqft |
| 2019-04-01 | 46 days | 2,572 sqft |
| 2019-05-01 | 47 days | 2,600 sqft |
| 2019-06-01 | 49 days | 2,588 sqft |
| 2019-07-01 | 52 days | 2,559 sqft |
| 2019-08-01 | 52 days | 2,525 sqft |
| 2019-09-01 | 56 days | 2,498 sqft |
| 2019-10-01 | 53 days | 2,498 sqft |
| 2019-11-01 | 56 days | 2,489 sqft |
| 2019-12-01 | 64 days | 2,457 sqft |
| 2020-01-01 | 67 days | 2,445 sqft |
| 2020-02-01 | 57 days | 2,459 sqft |
| 2020-03-01 | 49 days | 2,478 sqft |
| 2020-04-01 | 49 days | 2,424 sqft |
| 2020-05-01 | 56 days | 2,437 sqft |
| 2020-06-01 | 52 days | 2,458 sqft |
| 2020-07-01 | 49 days | 2,476 sqft |
| 2020-08-01 | 44 days | 2,448 sqft |
| 2020-09-01 | 42 days | 2,397 sqft |
| 2020-10-01 | 43 days | 2,361 sqft |
| 2020-11-01 | 46 days | 2,295 sqft |
| 2020-12-01 | 52 days | 2,250 sqft |
| 2021-01-01 | 54 days | 2,227 sqft |
| 2021-02-01 | 42 days | 2,198 sqft |
| 2021-03-01 | 38 days | 2,206 sqft |
| 2021-04-01 | 35 days | 2,250 sqft |
| 2021-05-01 | 33 days | 2,247 sqft |
| 2021-06-01 | 33 days | 2,271 sqft |
| 2021-07-01 | 32 days | 2,272 sqft |
| 2021-08-01 | 34 days | 2,233 sqft |
| 2021-09-01 | 36 days | 2,216 sqft |
| 2021-10-01 | 37 days | 2,181 sqft |
| 2021-11-01 | 38 days | 2,174 sqft |
| 2021-12-01 | 43 days | 2,143 sqft |
| 2022-01-01 | 46 days | 2,112 sqft |
| 2022-02-01 | 36 days | 2,092 sqft |
| 2022-03-01 | 33 days | 2,094 sqft |
| 2022-04-01 | 31 days | 2,154 sqft |
| 2022-05-01 | 29 days | 2,230 sqft |
| 2022-06-01 | 26 days | 2,297 sqft |
| 2022-07-01 | 29 days | 2,288 sqft |
| 2022-08-01 | 35 days | 2,264 sqft |
Atlanta's median square footage for active listings during the 2022-08-01 period was 2,264 sqft. One year prior, the average listing was 2,233 sqft.
