Augusta FHA Loan Rates, Closing Costs & Stats

AUGUSTA-RICHMOND COUNTY, GA-SC

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.

Augusta's 166 lenders originated 2,292 FHA loans during 2022. The total origination value was $483,590,000, with an average FHA loan value of $210,990.

Augusta FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Augusta averaged 5.88% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

Augusta's average FHA mortgage closing costs are $6,941.

The average rate for the prior week (2023-05-19) was 5.86% and one month ago for the week of 2023-04-21, the average rate was 5.7%.

The average rate one year ago was 4.91%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.15%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Augusta 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 Augusta level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
GUILD MORTGAGE COMPANY 231 5.17% $10,453
QUICKEN LOANS, LLC 226 4.53% $9,097
BROKER SOLUTIONS, INC. 132 4.95% $9,650
UNITED WHOLESALE MORTGAGE, LLC 92 4.87% $9,214
MOVEMENT MORTGAGE, LLC 74 5.11% $9,330
DHI MORTGAGE COMPANY, LTD. 71 4.08% $7,559
Ameris Bank 62 4.63% $9,554
Queensborough National Bank & Trust Company 56 4.77% $9,520
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 55 4.95% $8,311
CARDINAL FINANCIAL 48 5.49% $11,340
BANKSOUTH MORTGAGE COMPANY, LLC 44 4.50% $10,673
SRP Federal Credit Union 43 4.70% $8,672
South State Bank 40 4.56% $9,407
Carrington Mortgage Services, LLC 31 4.91% $10,030
LOANDEPOT.COM, LLC 31 4.99% $10,032
AUGUSTA MORTGAGE CO. 30 4.93% $9,494
Flagstar Bank, FSB 30 4.95% $7,626
FREEDOM MORTGAGE CORPORATION 28 5.37% $8,908
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 28 4.81% $8,855
VANDERBILT MORTGAGE AND FINANCE, INC. 28 5.00% $8,219
Regions Bank 28 5.05% $7,585
Colony Bank 27 4.55% $9,281
Security Federal Bank 26 4.16% $8,576
AMERICAN FINANCIAL RESOURCES, INC. 26 4.89% $10,102
Mr. Cooper ( Nationstar Mortgage ) 24 4.66% $10,399
FIRST CHOICE MORTGAGE, INC. 24 5.28% $7,820
HOMESTAR FINANCIAL CORPORATION 24 4.94% $9,094
PENNYMAC LOAN SERVICES, LLC 24 4.44% $10,577
PLANET HOME LENDING, LLC 23 5.49% $10,435
GUARANTEED RATE AFFINITY, LLC 23 5.50% $9,377
First Heritage Mortgage, LLC 22 5.16% $11,636
Synovus Bank 19 4.53% $8,189
CALIBER HOME LOANS, INC. 19 4.66% $8,246
AMERISAVE MORTGAGE CORPORATION 19 4.66% $9,374
CROSSCOUNTRY MORTGAGE, LLC 17 5.71% $11,225
Mortgage Research Center, LLC 16 5.07% $5,966
Paramount Residential Mortgage Group, Inc. 15 4.96% $10,790
HOME POINT FINANCIAL CORPORATION 14 4.65% $10,508
TOWNE MORTGAGE COMPANY 14 4.71% $8,951
LAKEVIEW LOAN SERVICING, LLC 14 4.65% $8,049
Nations Lending Corporation 12 5.04% $8,821
CMG MORTGAGE, INC. 12 5.03% $9,365
Equity Prime Mortgage LLC 10 5.36% $10,054
Assurance Financial Group, L.L.C. 10 5.36% $11,071
First Community Bank 9 5.49% $8,375
Magnolia Bank 9 5.06% $7,912
PRIMELENDING, A PLAINSCAPITAL COMPANY 9 4.75% $10,776
GUARANTEED RATE, INC. 8 5.23% $8,864
MILEND, INC. 8 5.44% $11,083
PRIMARY RESIDENTIAL MORTGAGE, INC. 8 4.53% $8,845
Wells Fargo Bank 8 4.84% $9,057
Bank of America 7 3.55% $5,511
ACOPIA, LLC 7 5.30% $10,063
HOMESIDE FINANCIAL, LLC 7 4.86% $10,584
HANCOCK MORTGAGE PARTNERS, LLC 6 5.52% $10,761
Lakeview Community Capital, LLC 5 4.93% $7,484
MUTUAL OF OMAHA MORTGAGE, INC. 5 4.80% $13,094
NEWREZ LLC 5 4.18% $6,364
M&T Bank 5 4.58% $7,906
THRIVE MORTGAGE, LLC 5 6.00% $9,517
TOP FLITE FINANCIAL, INC. 5 5.38% $15,927
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 4.66% $9,270
AMERICAN FINANCING CORPORATION 4 4.91% $7,858
CONTOUR MORTGAGE CORPORATION 4 5.03% $11,943
LOANPAL, LLC 4 5.34% $13,611
EVERETT FINANCIAL, INC. 4 5.81% $5,535
THE MORTGAGE FIRM, INC. 3 5.67% $11,114
Century Mortgage Company DBA Century Lending Company 3 4.00% $7,816
MID AMERICA MORTGAGE, INC. 3 5.58% $5,757
Renasant Bank 3 5.50% $11,122
Fifth Third Bank 3 3.63% $4,198
First Guaranty Mortgage Corporation 3 3.88% $7,732
GSF Mortgage Corporation 3 6.13% $14,883
MY MORTGAGE, INC. 3 6.00% $9,061
OCMBC, INC. 3 5.38% $10,446
FINANCE OF AMERICA MORTGAGE LLC 3 5.12% $9,754
SOUTHWEST STAGE FUNDING, LLC 3 5.54% $9,354
U.S. Bank 3 4.25% $9,492
JPMorgan Chase Bank 3 4.62% $7,017
KELLER MORTGAGE, LLC 3 5.00% $10,297
CALCON MUTUAL MORTGAGE LLC 3 5.38% $10,474
ZILLOW HOME LOANS, LLC 2 5.38% $13,701
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.50% $10,103
AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.00% $6,255
Austin Capital Bank SSB 2 4.38% $11,742
BECKAM FUNDING CORP. 2 5.44% $11,078
CHURCHILL MORTGAGE CORPORATION 2 4.44% $10,025
Citizens Bank 2 4.25% $6,023
CityWorth Mortgage LLC 2 4.50% $13,039
FBC MORTGAGE, LLC 2 6.50% $6,271
First-Citizens Bank & Trust Company 2 3.50% $5,445
First Federal Bank 2 4.88% $12,607
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.19% $14,154
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 5.69% $12,118
Northpointe Bank 2 4.19% $10,185
Platinum Home Mortgage Corporation 2 6.00% $16,582
RESOURCE FINANCIAL SERVICES, INC. 2 4.94% $5,769
ROUNDPOINT MORTGAGE SERVICING CORPORATION 2 4.88% $10,150
ROYAL UNITED MORTGAGE LLC 2 5.63% $7,154
SIRVA MORTGAGE, INC. 2 4.69% $10,008
SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 5.25% $10,517
SOUTHPOINT FINANCIAL SERVICES, INC. 2 3.75% $9,226
STOCKTON MORTGAGE CORPORATION 2 3.75% $11,108
SUCCESS MORTGAGE PARTNERS, INC. 2 4.88% $8,361
SUN WEST MORTGAGE COMPANY, INC. 2 4.25% $11,824
VILLAGE CAPITAL MORTGAGE 2 5.19% $6,253
MEMBER FIRST MORTGAGE, LLC 1 7.00% $7,569
OPEN MORTGAGE, LLC 1 4.13% $6,743
PANORAMA MORTGAGE GROUP, LLC 1 6.13% $8,349
MEMBER ADVANTAGE MORTGAGE, LLC 1 5.75% $7,226
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.13% $14,070
PENTAGON FEDERAL CREDIT UNION 1 6.00% $9,481
PHH Mortgage Corporation 1 6.25% $10,465
Plains Commerce Bank 1 4.75% $7,254
MCLEAN MORTGAGE CORPORATION 1 5.63% $9,937
American Security Mortgage Corp. 1 3.38% $6,271
PNC Bank 1 6.13% $6,319
LIBERTY HOME MORTGAGE CORPORATION 1 5.50% $11,828
Legends Bank 1 3.88% $6,469
Prosperity Home Mortgage, LLC 1 4.50% $6,111
First Home Bank 1 3.88% $11,138
EMM LOANS LLC 1 4.50% $8,923
EMBRACE HOME LOANS, INC. 1 2.88% $11,419
RELIANCE FIRST CAPITAL, LLC 1 3.25% $15,062
DIRECT MORTGAGE LOANS, LLC 1 5.38% $13,624
RESIDENTIAL BANCORP. 1 3.99% $6,747
RESIDENTIAL HOME FUNDING CORP. 1 4.63% $17,011
UNION HOME MORTGAGE CORP. 1 6.63% $14,293
AMERICAN FEDERAL MORTGAGE CORPORATION 1 5.50% $9,765
AMERICAN BANCSHARES MORTGAGE, LLC 1 4.00% $14,682
RUOFF MORTGAGE COMPANY, INC. 1 6.25% $5,241
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.88% $6,205
SECURITYNATIONAL MORTGAGE COMPANY 1 5.13% $19,835
Shamrock Home Loans, Inc. 1 4.00% $9,566
Sierra Pacific Mortgage Company, Inc. 1 3.00% $12,333
US MORTGAGE CORPORATION 1 3.63% $10,634
ALLIED MORTGAGE GROUP, INC. 1 3.88% $11,788
VAN DYK MORTGAGE CORPORATION 1 5.63% $4,282
DAS Acquisition Company, LLC 1 6.13% $15,623
SOUTHWEST FUNDING, LP 1 4.63% $9,797
Colonial Savings, F.A. 1 4.88% $13,849
Chickasaw Community Bank 1 4.88% $7,072
ABSOLUTE HOME MORTGAGE CORPORATION 1 6.75% $11,084
Waterstone Mortgage Corporation 1 5.63% $10,044
SUMMIT FUNDING, INC. 1 5.88% $8,954
A&D Mortgage LLC 1 4.63% $26,023
CERTAINTY HOME LOANS, LLC 1 6.75% $10,687
TD Bank 1 6.00% $4,741
The Federal Savings Bank 1 6.50% $11,674
The Huntington National Bank 1 2.50% $7,289
CASTLE & COOKE MORTGAGE, LLC 1 6.25% $11,319
Atlantic Union Bank 1 4.25% $11,460
TIDEWATER MORTGAGE SERVICES, INC. 1 7.00% $10,258
TJC Mortgage, Inc. 1 5.50% $8,834
Mortgage Network, Inc. 1 3.00% $9,182
MORTGAGE ACCESS CORP. 1 3.75% $10,854
MORIA DEVELOPMENT, INC. 1 5.13% $10,358
NATION ONE MORTGAGE CORPORATION 1 4.25% $14,352
NATIONS DIRECT MORTGAGE, LLC 1 6.75% $10,080
MLD MORTGAGE INC. 1 6.00% $9,983
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $12,501
Neighborhood Loans, Inc. 1 5.75% $9,178
MIDLAND MORTGAGE CORPORATION 1 5.63% $3,169
North American Savings Bank, F.S.B. 1 5.38% $7,545
ARC HOME LLC 1 3.99% $3,890
NTFN, INC. 1 4.25% $7,692

The top Augusta FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 231 FHA loans originated. Their average total fees are $10,453, which is $1,356 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Augusta FHA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,966), DHI MORTGAGE COMPANY, LTD. ($7,559), Regions Bank ($7,585), Flagstar Bank, FSB ($7,626) and FIRST CHOICE MORTGAGE, INC. ($7,820).

The lowest rate Augusta FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.08%), Security Federal Bank (4.16%), PENNYMAC LOAN SERVICES, LLC (4.44%), BANKSOUTH MORTGAGE COMPANY, LLC (4.50%) and QUICKEN LOANS, LLC (4.53%).

Augusta FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
AUGUSTA-RICHMOND COUNTY, GA-SC BURKE 2022 $420,680 $538,650 $651,050 $809,150
AUGUSTA-RICHMOND COUNTY, GA-SC COLUMBIA 2022 $420,680 $538,650 $651,050 $809,150
AUGUSTA-RICHMOND COUNTY, GA-SC LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
AUGUSTA-RICHMOND COUNTY, GA-SC MCDUFFIE 2022 $420,680 $538,650 $651,050 $809,150
AUGUSTA-RICHMOND COUNTY, GA-SC RICHMOND 2022 $420,680 $538,650 $651,050 $809,150
AUGUSTA-RICHMOND COUNTY, GA-SC AIKEN 2022 $420,680 $538,650 $651,050 $809,150
AUGUSTA-RICHMOND COUNTY, GA-SC EDGEFIELD 2022 $420,680 $538,650 $651,050 $809,150
AUGUSTA-RICHMOND COUNTY, GA-SC BURKE 2023 $472,030 $604,400 $730,525 $907,900
AUGUSTA-RICHMOND COUNTY, GA-SC COLUMBIA 2023 $472,030 $604,400 $730,525 $907,900
AUGUSTA-RICHMOND COUNTY, GA-SC LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
AUGUSTA-RICHMOND COUNTY, GA-SC MCDUFFIE 2023 $472,030 $604,400 $730,525 $907,900
AUGUSTA-RICHMOND COUNTY, GA-SC RICHMOND 2023 $472,030 $604,400 $730,525 $907,900
AUGUSTA-RICHMOND COUNTY, GA-SC AIKEN 2023 $472,030 $604,400 $730,525 $907,900
AUGUSTA-RICHMOND COUNTY, GA-SC EDGEFIELD 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Augusta (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 $219,000 (9.6%) $273,840 (7.6%) 0.81 2,497
2018-02-01 $221,450 (8.0%) $280,883 (9.2%) 0.81 2,500
2018-03-01 $224,900 (7.6%) $286,197 (9.8%) 0.79 2,444
2018-04-01 $228,450 (8.8%) $289,107 (9.4%) 0.77 2,451
2018-05-01 $229,950 (5.7%) $292,601 (7.7%) 0.77 2,464
2018-06-01 $229,000 (6.0%) $291,560 (6.9%) 0.76 2,444
2018-07-01 $224,950 (4.6%) $287,097 (6.5%) 0.75 2,491
2018-08-01 $219,900 (2.3%) $282,511 (5.0%) 0.74 2,493
2018-09-01 $218,450 (0.8%) $278,832 (3.6%) 0.73 2,563
2018-10-01 $219,250 (2.0%) $275,085 (2.6%) 0.74 2,564
2018-11-01 $218,600 (0.6%) $272,367 (0.0%) 0.74 2,545
2018-12-01 $215,000 (-0.4%) $277,646 (2.1%) 0.74 2,467
2019-01-01 $215,000 (-1.8%) $278,846 (1.8%) 0.74 2,371
2019-02-01 $217,000 (-2.0%) $282,062 (0.4%) 0.73 2,336
2019-03-01 $221,900 (-1.3%) $288,612 (0.8%) 0.74 2,296
2019-04-01 $229,548 (0.5%) $293,651 (1.6%) 0.73 2,246
2019-05-01 $230,000 (0.0%) $296,331 (1.3%) 0.72 2,266
2019-06-01 $234,900 (2.6%) $298,875 (2.5%) 0.73 2,203
2019-07-01 $235,450 (4.7%) $303,811 (5.8%) 0.74 2,243
2019-08-01 $236,000 (7.3%) $303,237 (7.3%) 0.74 2,234
2019-09-01 $239,945 (9.8%) $309,517 (11.0%) 0.76 2,057
2019-10-01 $234,345 (6.9%) $297,641 (8.2%) 0.76 2,188
2019-11-01 $229,000 (4.8%) $295,226 (8.4%) 0.75 2,109
2019-12-01 $229,450 (6.7%) $292,859 (5.5%) 0.77 2,017
2020-01-01 $229,900 (6.9%) $299,176 (7.3%) 0.77 1,881
2020-02-01 $232,230 (7.0%) $306,846 (8.8%) 0.76 1,794
2020-03-01 $236,058 (6.4%) $307,310 (6.5%) 0.74 1,764
2020-04-01 $244,651 (6.6%) $315,730 (7.5%) 0.77 1,748
2020-05-01 $249,900 (8.7%) $325,612 (9.9%) 0.76 1,575
2020-06-01 $254,950 (8.5%) $338,343 (13.2%) 0.75 1,368
2020-07-01 $250,200 (6.3%) $339,139 (11.6%) 0.73 1,326
2020-08-01 $259,000 (9.8%) $343,693 (13.3%) 0.74 1,258
2020-09-01 $264,900 (10.4%) $350,327 (13.2%) 0.76 1,159
2020-10-01 $262,690 (12.1%) $345,195 (16.0%) 0.75 1,179
2020-11-01 $249,995 (9.2%) $360,987 (22.3%) 0.73 1,060
2020-12-01 $251,693 (9.7%) $358,294 (22.3%) 0.75 1,027
2021-01-01 $259,450 (12.9%) $358,291 (19.8%) 0.77 944
2021-02-01 $259,900 (11.9%) $376,795 (22.8%) 0.76 795
2021-03-01 $262,663 (11.3%) $390,661 (27.1%) 0.75 715
2021-04-01 $275,299 (12.5%) $413,624 (31.0%) 0.75 674
2021-05-01 $290,285 (16.2%) $411,861 (26.5%) 0.77 732
2021-06-01 $287,450 (12.8%) $404,062 (19.4%) 0.76 803
2021-07-01 $289,000 (15.5%) $395,705 (16.7%) 0.76 865
2021-08-01 $284,900 (10.0%) $377,174 (9.7%) 0.76 947
2021-09-01 $285,500 (7.8%) $372,457 (6.3%) 0.76 971
2021-10-01 $279,900 (6.6%) $363,940 (5.4%) 0.75 996
2021-11-01 $287,225 (14.9%) $365,587 (1.3%) 0.77 956
2021-12-01 $280,675 (11.5%) $357,197 (-0.3%) 0.76 856
2022-01-01 $281,670 (8.6%) $356,852 (-0.4%) 0.76 733
2022-02-01 $284,675 (9.5%) $355,442 (-5.7%) 0.74 626
2022-03-01 $281,441 (7.2%) $359,087 (-8.1%) 0.70 635
2022-04-01 $290,250 (5.4%) $362,741 (-12.3%) 0.69 723
2022-05-01 $307,273 (5.9%) $373,834 (-9.2%) 0.70 955
2022-06-01 $313,625 (9.1%) $377,437 (-6.6%) 0.70 1,089
2022-07-01 $315,000 (9.0%) $371,194 (-6.2%) 0.71 1,272
2022-08-01 $313,950 (10.2%) $370,032 (-1.9%) 0.73 1,361
2022-09-01 $312,989 (9.6%) $368,808 (-1.0%) 0.73 1,358
2022-10-01 $313,834 (12.1%) $365,201 (0.4%) 0.74 1,522
2022-11-01 $319,800 (11.3%) $369,436 (1.1%) 0.77 1,638
2022-12-01 $319,615 (13.9%) $368,451 (3.2%) 0.79 1,647
2023-01-01 $324,250 (15.1%) $379,428 (6.3%) 0.80 1,571
2023-02-01 $328,900 (15.5%) $385,784 (8.5%) 0.79 1,400
2023-03-01 $320,000 (13.7%) $384,714 (7.1%) 0.75 1,360
2023-04-01 $315,000 (8.5%) $383,995 (5.9%) 0.73 1,367
Augusta's median listing price for 2023-04-01 was $315,000, a difference of $24,750 (8.5%) versus the prior year and $-5,000 versus the prior month.

Augusta's median listing price comes in at 73% of the national average.

Augusta's average listing price for 2023-04-01 was $383,995, a difference of $21,254 (5.9%) versus the prior year and $-719 versus the prior month.

For the 2023-04-01 period, Augusta had 1,367 MLS listings, a difference of 7 listings (1%) versus the prior month and 644 listings (89%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Augusta (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 107 days 2,190 sqft
2018-02-01 102 days 2,222 sqft
2018-03-01 86 days 2,240 sqft
2018-04-01 75 days 2,270 sqft
2018-05-01 70 days 2,300 sqft
2018-06-01 72 days 2,299 sqft
2018-07-01 74 days 2,255 sqft
2018-08-01 80 days 2,200 sqft
2018-09-01 81 days 2,175 sqft
2018-10-01 86 days 2,174 sqft
2018-11-01 87 days 2,128 sqft
2018-12-01 96 days 2,106 sqft
2019-01-01 104 days 2,103 sqft
2019-02-01 103 days 2,113 sqft
2019-03-01 74 days 2,178 sqft
2019-04-01 67 days 2,226 sqft
2019-05-01 61 days 2,236 sqft
2019-06-01 64 days 2,246 sqft
2019-07-01 64 days 2,244 sqft
2019-08-01 72 days 2,261 sqft
2019-09-01 82 days 2,322 sqft
2019-10-01 84 days 2,257 sqft
2019-11-01 87 days 2,209 sqft
2019-12-01 97 days 2,208 sqft
2020-01-01 99 days 2,204 sqft
2020-02-01 94 days 2,202 sqft
2020-03-01 69 days 2,231 sqft
2020-04-01 68 days 2,280 sqft
2020-05-01 78 days 2,285 sqft
2020-06-01 79 days 2,293 sqft
2020-07-01 69 days 2,284 sqft
2020-08-01 55 days 2,294 sqft
2020-09-01 53 days 2,300 sqft
2020-10-01 59 days 2,166 sqft
2020-11-01 55 days 2,219 sqft
2020-12-01 58 days 2,263 sqft
2021-01-01 61 days 2,250 sqft
2021-02-01 64 days 2,237 sqft
2021-03-01 45 days 2,194 sqft
2021-04-01 39 days 2,216 sqft
2021-05-01 31 days 2,272 sqft
2021-06-01 31 days 2,260 sqft
2021-07-01 32 days 2,195 sqft
2021-08-01 34 days 2,156 sqft
2021-09-01 39 days 2,153 sqft
2021-10-01 46 days 2,119 sqft
2021-11-01 48 days 2,161 sqft
2021-12-01 53 days 2,156 sqft
2022-01-01 57 days 2,156 sqft
2022-02-01 44 days 2,099 sqft
2022-03-01 34 days 2,050 sqft
2022-04-01 33 days 2,091 sqft
2022-05-01 32 days 2,112 sqft
2022-06-01 38 days 2,113 sqft
2022-07-01 40 days 2,103 sqft
2022-08-01 46 days 2,105 sqft
2022-09-01 50 days 2,104 sqft
2022-10-01 51 days 2,102 sqft
2022-11-01 57 days 2,155 sqft
2022-12-01 71 days 2,158 sqft
2023-01-01 80 days 2,166 sqft
2023-02-01 84 days 2,160 sqft
2023-03-01 67 days 2,136 sqft
2023-04-01 51 days 2,112 sqft
Augusta's median listing age (time on market) for 2023-04-01 was 51 days. This is 55% longer than the same period one year ago.

Augusta's median square footage for active listings during the 2023-04-01 period was 2,112 sqft. One year prior, the average listing was 2,091 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).