Augusta FHA Loan Rates, Closing Costs & Stats

AUGUSTA-RICHMOND COUNTY, GA-SC

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    • 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).