Atlanta FHA Loan Rates, Closing Costs & Stats
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 316 lenders originated 25,392 FHA loans during 2022. The total origination value was $7,244,960,000, with an average FHA loan value of $285,325.
Atlanta FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Atlanta
averaged
-0.48%
for the week of 2023-11-24, compared to the national average (all FHA variants) of
0% for the same period.
Atlanta's average FHA mortgage closing costs are $8,101.
The average rate for the prior week (2023-11-17) was
7.01% and
one month ago for the week of 2023-10-20, the
average rate was 6.92%.
The average rate one year ago was 6.24%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.36%.
Atlanta 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 Atlanta level.
The top Atlanta FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
2,319 FHA loans originated. Their average total fees are
$11,266, which is $508
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Atlanta FHA lenders (with over 10 loans originated) are
Wells Fargo Bank ($6,546), JPMorgan Chase Bank ($6,717), DIRECT LENDERS, LLC ($7,493), VILLAGE CAPITAL MORTGAGE ($7,513) and Lakeview Community Capital, LLC ($7,742).
The lowest rate Atlanta FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE (3.87%), Citizens Bank (3.91%), First Guaranty Mortgage Corporation (3.93%), Lakeview Community Capital, LLC (4.07%) and LAKEVIEW LOAN SERVICING, LLC (4.07%).
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 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | BARROW | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | BARTOW | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | BUTTS | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | CARROLL | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | CHEROKEE | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | CLAYTON | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | COBB | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | COWETA | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | DAWSON | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | DEKALB | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | DOUGLAS | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | FAYETTE | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | FORSYTH | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | FULTON | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | GWINNETT | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | HARALSON | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | HEARD | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | HENRY | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | JASPER | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | LAMAR | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | MERIWETHER | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | MORGAN | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | NEWTON | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | PAULDING | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | PICKENS | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | PIKE | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | ROCKDALE | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | SPALDING | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | WALTON | 2023 | $592,250 | $758,200 | $916,450 | $1,138,950 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Atlanta (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 | $302,500 (12.3%) | $421,200 (8.5%) | 1.12 | 21,595 |
2018-02-01 | $311,900 (13.1%) | $430,962 (7.8%) | 1.13 | 20,996 |
2018-03-01 | $324,780 (14.6%) | $443,038 (7.2%) | 1.14 | 21,476 |
2018-04-01 | $336,883 (12.9%) | $460,533 (8.8%) | 1.14 | 22,027 |
2018-05-01 | $339,450 (13.2%) | $460,883 (8.3%) | 1.13 | 22,849 |
2018-06-01 | $339,900 (13.3%) | $458,975 (8.6%) | 1.13 | 23,823 |
2018-07-01 | $329,817 (10.5%) | $443,446 (7.3%) | 1.10 | 25,494 |
2018-08-01 | $325,000 (10.2%) | $442,693 (7.7%) | 1.09 | 25,883 |
2018-09-01 | $324,348 (9.6%) | $432,447 (5.8%) | 1.09 | 26,306 |
2018-10-01 | $315,745 (6.3%) | $430,106 (4.4%) | 1.07 | 28,359 |
2018-11-01 | $315,350 (5.6%) | $434,424 (5.1%) | 1.07 | 28,029 |
2018-12-01 | $313,482 (4.5%) | $432,051 (4.1%) | 1.08 | 27,130 |
2019-01-01 | $309,900 (2.5%) | $428,637 (1.8%) | 1.07 | 25,482 |
2019-02-01 | $319,450 (2.4%) | $440,062 (2.1%) | 1.08 | 25,215 |
2019-03-01 | $322,143 (-0.8%) | $441,023 (-0.5%) | 1.05 | 26,405 |
2019-04-01 | $325,000 (-3.5%) | $438,141 (-4.9%) | 1.03 | 28,299 |
2019-05-01 | $329,900 (-2.8%) | $441,703 (-4.2%) | 1.03 | 29,102 |
2019-06-01 | $325,000 (-4.4%) | $437,906 (-4.6%) | 1.02 | 29,612 |
2019-07-01 | $324,945 (-1.5%) | $432,838 (-2.4%) | 1.02 | 30,411 |
2019-08-01 | $320,182 (-1.5%) | $423,293 (-4.4%) | 1.01 | 30,500 |
2019-09-01 | $314,455 (-3.1%) | $417,130 (-3.5%) | 1.01 | 30,232 |
2019-10-01 | $317,636 (0.6%) | $422,683 (-1.7%) | 1.03 | 28,649 |
2019-11-01 | $322,000 (2.1%) | $431,986 (-0.6%) | 1.06 | 26,123 |
2019-12-01 | $318,138 (1.5%) | $430,252 (-0.4%) | 1.06 | 24,346 |
2020-01-01 | $316,745 (2.2%) | $429,708 (0.3%) | 1.06 | 22,408 |
2020-02-01 | $320,000 (0.2%) | $438,333 (-0.4%) | 1.05 | 21,483 |
2020-03-01 | $329,450 (2.3%) | $447,123 (1.4%) | 1.03 | 21,531 |
2020-04-01 | $325,000 (0.0%) | $438,730 (0.1%) | 1.02 | 23,441 |
2020-05-01 | $334,900 (1.5%) | $451,872 (2.3%) | 1.02 | 23,109 |
2020-06-01 | $345,442 (6.3%) | $467,633 (6.8%) | 1.02 | 20,974 |
2020-07-01 | $349,950 (7.7%) | $482,030 (11.4%) | 1.01 | 18,877 |
2020-08-01 | $350,000 (9.3%) | $486,696 (15.0%) | 1.00 | 17,541 |
2020-09-01 | $350,998 (11.6%) | $492,453 (18.1%) | 1.01 | 16,261 |
2020-10-01 | $353,935 (11.4%) | $498,912 (18.0%) | 1.01 | 15,853 |
2020-11-01 | $350,858 (9.0%) | $503,708 (16.6%) | 1.03 | 14,447 |
2020-12-01 | $349,950 (10.0%) | $500,992 (16.4%) | 1.04 | 12,882 |
2021-01-01 | $350,000 (10.5%) | $509,406 (18.6%) | 1.04 | 11,156 |
2021-02-01 | $359,900 (12.5%) | $526,698 (20.2%) | 1.05 | 9,430 |
2021-03-01 | $366,925 (11.4%) | $534,926 (19.6%) | 1.04 | 8,991 |
2021-04-01 | $382,500 (17.7%) | $549,811 (25.3%) | 1.04 | 8,979 |
2021-05-01 | $389,900 (16.4%) | $565,420 (25.1%) | 1.04 | 9,127 |
2021-06-01 | $394,950 (14.3%) | $557,698 (19.3%) | 1.04 | 9,960 |
2021-07-01 | $399,900 (14.3%) | $563,582 (16.9%) | 1.06 | 11,271 |
2021-08-01 | $395,000 (12.9%) | $551,857 (13.4%) | 1.05 | 11,643 |
2021-09-01 | $396,363 (12.9%) | $552,455 (12.2%) | 1.06 | 11,686 |
2021-10-01 | $394,000 (11.3%) | $549,280 (10.1%) | 1.05 | 11,321 |
2021-11-01 | $394,995 (12.6%) | $550,155 (9.2%) | 1.06 | 11,069 |
2021-12-01 | $390,000 (11.4%) | $549,611 (9.7%) | 1.06 | 10,498 |
2022-01-01 | $389,900 (11.4%) | $555,776 (9.1%) | 1.05 | 8,664 |
2022-02-01 | $391,998 (8.9%) | $576,507 (9.5%) | 1.02 | 7,773 |
2022-03-01 | $399,450 (8.9%) | $576,251 (7.7%) | 1.00 | 7,809 |
2022-04-01 | $415,000 (8.5%) | $595,027 (8.2%) | 0.99 | 8,140 |
2022-05-01 | $429,950 (10.3%) | $606,922 (7.3%) | 0.98 | 10,019 |
2022-06-01 | $449,450 (13.8%) | $617,354 (10.7%) | 1.00 | 12,122 |
2022-07-01 | $439,000 (9.8%) | $595,726 (5.7%) | 0.99 | 15,519 |
2022-08-01 | $425,000 (7.6%) | $580,735 (5.2%) | 0.98 | 16,824 |
2022-09-01 | $420,000 (6.0%) | $566,093 (2.5%) | 0.98 | 17,128 |
2022-10-01 | $414,000 (5.1%) | $553,398 (0.8%) | 0.97 | 18,158 |
2022-11-01 | $403,000 (2.0%) | $550,304 (0.0%) | 0.97 | 18,194 |
2022-12-01 | $399,900 (2.5%) | $544,565 (-0.9%) | 0.99 | 17,017 |
2023-01-01 | $399,900 (2.6%) | $550,115 (-1.0%) | 0.99 | 15,098 |
2023-02-01 | $399,950 (2.0%) | $560,420 (-2.8%) | 0.97 | 14,027 |
2023-03-01 | $409,950 (2.6%) | $574,432 (-0.3%) | 0.97 | 13,276 |
2023-04-01 | $425,000 (2.4%) | $604,957 (1.7%) | 0.99 | 12,508 |
2023-05-01 | $434,117 (1.0%) | $618,244 (1.9%) | 0.98 | 12,566 |
2023-06-01 | $439,450 (-2.2%) | $616,172 (-0.2%) | 0.99 | 13,267 |
2023-07-01 | $435,000 (-0.9%) | $613,809 (3.0%) | 0.99 | 14,132 |
2023-08-01 | $430,000 (1.2%) | $608,008 (4.7%) | 0.99 | 14,505 |
2023-09-01 | $425,940 (1.4%) | $601,274 (6.2%) | 0.99 | 15,640 |
2023-10-01 | $425,000 (2.7%) | $595,090 (7.5%) | 1.00 | 16,671 |
Atlanta's median listing price comes in at 100% of the national average.
Atlanta's average listing price for 2023-10-01 was $595,090, a difference of $41,692 (7.5%) versus the prior year and $-6,184 versus the prior month.
For the 2023-10-01 period, Atlanta had 16,671 MLS listings, a difference of 1,031 listings (7%) versus the prior month and -1,487 listings (-8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Atlanta (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 72 days | 2,577 sqft |
2018-02-01 | 62 days | 2,601 sqft |
2018-03-01 | 47 days | 2,641 sqft |
2018-04-01 | 46 days | 2,705 sqft |
2018-05-01 | 45 days | 2,695 sqft |
2018-06-01 | 47 days | 2,672 sqft |
2018-07-01 | 48 days | 2,625 sqft |
2018-08-01 | 50 days | 2,597 sqft |
2018-09-01 | 53 days | 2,584 sqft |
2018-10-01 | 57 days | 2,540 sqft |
2018-11-01 | 58 days | 2,537 sqft |
2018-12-01 | 65 days | 2,515 sqft |
2019-01-01 | 69 days | 2,480 sqft |
2019-02-01 | 59 days | 2,471 sqft |
2019-03-01 | 49 days | 2,513 sqft |
2019-04-01 | 47 days | 2,551 sqft |
2019-05-01 | 48 days | 2,589 sqft |
2019-06-01 | 52 days | 2,570 sqft |
2019-07-01 | 55 days | 2,532 sqft |
2019-08-01 | 55 days | 2,509 sqft |
2019-09-01 | 57 days | 2,485 sqft |
2019-10-01 | 58 days | 2,462 sqft |
2019-11-01 | 61 days | 2,442 sqft |
2019-12-01 | 72 days | 2,412 sqft |
2020-01-01 | 72 days | 2,405 sqft |
2020-02-01 | 61 days | 2,419 sqft |
2020-03-01 | 51 days | 2,427 sqft |
2020-04-01 | 52 days | 2,402 sqft |
2020-05-01 | 58 days | 2,407 sqft |
2020-06-01 | 56 days | 2,420 sqft |
2020-07-01 | 58 days | 2,424 sqft |
2020-08-01 | 57 days | 2,406 sqft |
2020-09-01 | 53 days | 2,347 sqft |
2020-10-01 | 52 days | 2,310 sqft |
2020-11-01 | 56 days | 2,265 sqft |
2020-12-01 | 62 days | 2,225 sqft |
2021-01-01 | 58 days | 2,208 sqft |
2021-02-01 | 44 days | 2,189 sqft |
2021-03-01 | 39 days | 2,199 sqft |
2021-04-01 | 36 days | 2,246 sqft |
2021-05-01 | 35 days | 2,240 sqft |
2021-06-01 | 34 days | 2,252 sqft |
2021-07-01 | 33 days | 2,240 sqft |
2021-08-01 | 38 days | 2,223 sqft |
2021-09-01 | 42 days | 2,203 sqft |
2021-10-01 | 44 days | 2,170 sqft |
2021-11-01 | 43 days | 2,175 sqft |
2021-12-01 | 48 days | 2,159 sqft |
2022-01-01 | 52 days | 2,136 sqft |
2022-02-01 | 36 days | 2,117 sqft |
2022-03-01 | 33 days | 2,114 sqft |
2022-04-01 | 32 days | 2,180 sqft |
2022-05-01 | 30 days | 2,238 sqft |
2022-06-01 | 27 days | 2,313 sqft |
2022-07-01 | 29 days | 2,300 sqft |
2022-08-01 | 36 days | 2,276 sqft |
2022-09-01 | 41 days | 2,266 sqft |
2022-10-01 | 44 days | 2,250 sqft |
2022-11-01 | 49 days | 2,232 sqft |
2022-12-01 | 59 days | 2,200 sqft |
2023-01-01 | 66 days | 2,191 sqft |
2023-02-01 | 51 days | 2,184 sqft |
2023-03-01 | 46 days | 2,215 sqft |
2023-04-01 | 44 days | 2,259 sqft |
2023-05-01 | 40 days | 2,284 sqft |
2023-06-01 | 40 days | 2,304 sqft |
2023-07-01 | 40 days | 2,281 sqft |
2023-08-01 | 41 days | 2,269 sqft |
2023-09-01 | 43 days | 2,250 sqft |
2023-10-01 | 43 days | 2,233 sqft |
Atlanta's median square footage for active listings during the 2023-10-01 period was 2,233 sqft. One year prior, the average listing was 2,250 sqft.