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 148 lenders originated 1,977 FHA loans during 2023. The total origination value was $447,725,000, with an average FHA loan value of $226,467.

Augusta FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Augusta averaged 6.61% for the week of 2024-04-12, compared to the national average (all FHA variants) of 6.739% for the same period.

Augusta's average FHA mortgage closing costs are $7,395.

The average rate for the prior week (2024-04-05) was 6.44% and one month ago for the week of 2024-03-08, the average rate was 6.47%.

The average rate one year ago was 6.11%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.95%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 222 6.27% $9,567
GUILD MORTGAGE COMPANY 187 6.63% $10,011
DHI MORTGAGE COMPANY, LTD. 93 5.35% $7,232
BROKER SOLUTIONS, INC. 92 6.42% $11,031
UNITED WHOLESALE MORTGAGE, LLC 88 6.34% $11,741
CARDINAL FINANCIAL 82 6.59% $10,464
MOVEMENT MORTGAGE, LLC 70 6.59% $11,733
Ameris Bank 43 6.35% $9,805
Queensborough National Bank & Trust Company 38 6.10% $10,630
South State Bank 37 6.25% $10,295
AUGUSTA MORTGAGE CO. 33 6.33% $10,908
Mr. Cooper ( Nationstar Mortgage ) 31 6.11% $11,649
LOANDEPOT.COM, LLC 28 6.18% $11,471
Regions Bank 28 6.24% $8,492
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 27 6.67% $8,741
Colony Bank 27 6.24% $11,293
First Heritage Mortgage, LLC 26 6.54% $13,856
Flagstar Bank, FSB 25 6.77% $9,263
FBC MORTGAGE, LLC 23 5.42% $7,894
FIRST CHOICE MORTGAGE, INC. 23 6.74% $9,713
BANKSOUTH MORTGAGE COMPANY, LLC 22 6.48% $11,090
PENNYMAC LOAN SERVICES, LLC 18 6.03% $12,861
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 17 6.39% $9,766
AMERICAN FINANCIAL NETWORK, INC. 17 6.96% $11,188
CROSSCOUNTRY MORTGAGE, LLC 16 6.72% $9,540
FREEDOM MORTGAGE CORPORATION 16 6.97% $10,860
AMERISAVE MORTGAGE CORPORATION 16 5.76% $12,696
Security Federal Bank 15 6.03% $10,988
Assurance Financial Group, L.L.C. 14 6.54% $9,796
AMERICAN FINANCIAL RESOURCES, INC. 14 6.49% $10,592
GUARANTEED RATE AFFINITY, LLC 13 6.71% $9,843
Carrington Mortgage Services, LLC 13 6.44% $9,542
ACADEMY MORTGAGE CORPORATION 13 7.04% $11,212
NEWREZ LLC 13 6.47% $9,618
Synovus Bank 12 6.27% $8,314
VANDERBILT MORTGAGE AND FINANCE, INC. 12 6.90% $10,169
TOWNE MORTGAGE COMPANY 11 6.42% $11,123
PLANET HOME LENDING, LLC 11 6.69% $12,430
MILEND, INC. 10 6.59% $14,927
BancorpSouth 10 6.26% $8,902
GUARANTEED RATE, INC. 10 6.61% $11,247
First Community Bank 9 6.69% $9,969
SRP Federal Credit Union 9 6.15% $9,840
UNION HOME MORTGAGE CORP. 9 7.14% $10,154
THRIVE MORTGAGE, LLC 8 6.41% $10,161
Mortgage Research Center, LLC 8 6.47% $6,011
Paramount Residential Mortgage Group, Inc. 8 6.52% $14,777
GSF Mortgage Corporation 7 6.05% $12,939
AMERICAN FINANCING CORPORATION 7 6.77% $11,443
Equity Prime Mortgage LLC 7 7.16% $11,640
NORWICH COMMERCIAL GROUP, INC. 7 6.95% $11,140
PENTAGON FEDERAL CREDIT UNION 7 5.54% $9,404
RELIANCE FIRST CAPITAL, LLC 7 6.84% $8,723
Wells Fargo Bank 7 6.38% $7,869
Lakeview Community Capital, LLC 6 6.25% $9,638
CALCON MUTUAL MORTGAGE LLC 6 7.33% $13,911
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.08% $11,297
HOMESTAR FINANCIAL CORPORATION 6 6.92% $9,334
Truist 5 6.37% $8,252
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 7.00% $13,496
CMG MORTGAGE, INC. 5 6.65% $10,433
MUTUAL OF OMAHA MORTGAGE, INC. 5 6.38% $12,695
First Palmetto Bank 5 6.52% $10,597
EMM LOANS LLC 5 5.95% $12,073
STOCKTON MORTGAGE CORPORATION 5 6.90% $8,298
LAKEVIEW LOAN SERVICING, LLC 5 5.95% $7,987
PLAZA HOME MORTGAGE, INC. 4 6.18% $12,959
ACOPIA, LLC 4 7.47% $9,700
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.03% $8,475
DAS Acquisition Company, LLC 4 6.97% $8,725
LOANPAL, LLC 4 5.47% $10,822
AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.34% $14,712
NATIONWIDE MORTGAGE BANKERS, INC. 3 6.83% $11,824
MICHIGAN MUTUAL, INC. 3 5.83% $11,397
Plains Commerce Bank 3 7.08% $11,938
Century Mortgage Company DBA Century Lending Company 3 6.67% $10,568
TOP FLITE FINANCIAL, INC. 3 7.08% $9,332
EVERETT FINANCIAL, INC. 3 7.25% $14,309
The Federal Savings Bank 3 5.92% $11,802
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.83% $8,986
CHURCHILL MORTGAGE CORPORATION 3 6.21% $8,249
SOUTHEAST MORTGAGE OF GEORGIA, INC. 3 6.88% $13,279
ISERVE RESIDENTIAL LENDING, LLC 3 7.21% $15,510
INTERLINC MORTGAGE SERVICES, LLC 2 6.88% $9,142
FIRST ALLIANCE HOME MORTGAGE, LLC 2 6.63% $11,428
LIBERTY HOME MORTGAGE CORPORATION 2 6.75% $18,372
NFM, INC. 2 7.19% $12,898
VAN DYK MORTGAGE CORPORATION 2 6.44% $3,752
NTFN, INC. 2 7.06% $9,707
OCMBC, INC. 2 7.25% $12,368
Pinnacle Bank 2 5.94% $7,966
Prosperity Home Mortgage, LLC 2 6.25% $11,517
ROYAL UNITED MORTGAGE LLC 2 7.00% $9,315
SECURITYNATIONAL MORTGAGE COMPANY 2 7.00% $9,136
SUMMIT FUNDING, INC. 2 6.56% $15,418
SUN WEST MORTGAGE COMPANY, INC. 2 7.19% $14,878
The Central Trust Bank 2 6.12% $12,069
U.S. Bank 2 6.94% $9,833
PHH Mortgage Corporation 1 6.13% $9,542
United Fidelity Funding Corp. 1 6.63% $15,014
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.38% $11,493
CAROLINA ONE MORTGAGE, LLC 1 6.75% $16,726
Platinum Home Mortgage Corporation 1 6.75% $11,156
MID AMERICA MORTGAGE, INC. 1 8.75% $5,447
POLARIS HOME FUNDING CORP. 1 6.25% $14,444
PREMIA MORTGAGE, LLC 1 7.50% $5,058
Magnolia Bank 1 5.63% $9,507
Advisors Mortgage Group, L.L.C. 1 7.50% $11,002
Loan Simple, Inc. 1 7.50% $12,960
BECKAM FUNDING CORP. 1 7.88% $11,596
RADIUS FINANCIAL GROUP INC. 1 7.00% $10,690
BAYSHORE MORTGAGE FUNDING, LLC 1 7.75% $23,958
ZILLOW HOME LOANS, LLC 1 6.63% $10,349
Renasant Bank 1 6.63% $14,493
RESIDENTIAL BANCORP 1 6.75% $19,429
RESOURCE FINANCIAL SERVICES, INC. 1 6.13% $10,221
Franklin Loan Corporation 1 6.00% $11,854
RUOFF MORTGAGE COMPANY, INC. 1 5.25% $13,966
Barrington Bank & Trust Company, N.A. 1 6.75% $6,145
First-Citizens Bank & Trust Company 1 7.00% $7,722
DIRECT MORTGAGE LOANS, LLC 1 5.99% $9,132
Bank of America 1 5.50% $8,645
SOUTHWEST STAGE FUNDING, LLC 1 6.75% $8,523
AXIA FINANCIAL, LLC 1 7.13% $16,461
JPMorgan Chase Bank 1 6.63% $6,031
GMFS LLC 1 5.75% $5,131
First Reliance Bank 1 6.63% $6,463
SWBC MORTGAGE CORPORATION 1 7.50% $2,445
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.00% $21,730
First Option Mortgage, LLC 1 6.13% $10,648
Ixonia Bank 1 7.13% $7,105
The Union Bank Company 1 5.75% $14,327
FIRST HOME MORTGAGE CORPORATION 1 6.13% $13,456
TJC Mortgage, Inc. 1 5.75% $18,364
Hometown Equity Mortgage, LLC 1 6.63% $19,868
TOTAL MORTGAGE SERVICES, LLC 1 6.75% $7,286
Nations Lending Corporation 1 6.63% $7,492
NATIONS RELIABLE LENDING, LLC 1 6.25% $12,991
M&T Bank 1 6.50% $8,225
NBKC BANK 1 5.63% $7,610
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.50% $9,757
HOMESIDE FINANCIAL, LLC 1 7.25% $8,606
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.38% $15,514
American Mortgage & Equity Consultants, Inc. 1 7.13% $7,731
United Community Bank 1 5.75% $6,083
CityWorth Mortgage LLC 1 5.25% $16,377
MLD MORTGAGE INC. 1 5.75% $6,684
VILLAGE CAPITAL MORTGAGE 1 5.25% $12,532

The top Augusta FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 222 FHA loans originated. Their average total fees are $9,567, which is $444 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Augusta FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($7,232), FBC MORTGAGE, LLC ($7,894), Synovus Bank ($8,314), Regions Bank ($8,492) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,741).

The lowest rate Augusta FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.35%), FBC MORTGAGE, LLC (5.42%), AMERISAVE MORTGAGE CORPORATION (5.76%), PENNYMAC LOAN SERVICES, LLC (6.03%) and Security Federal Bank (6.03%).

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%) $273,886 (7.6%) 0.81 2,496
2018-02-01 $221,620 (8.1%) $280,935 (9.3%) 0.80 2,499
2018-03-01 $224,900 (7.6%) $286,253 (9.9%) 0.79 2,443
2018-04-01 $228,450 (8.8%) $289,163 (9.5%) 0.77 2,450
2018-05-01 $230,063 (5.8%) $292,658 (7.7%) 0.77 2,463
2018-06-01 $229,000 (5.9%) $291,560 (6.8%) 0.76 2,443
2018-07-01 $224,950 (4.6%) $287,153 (6.5%) 0.75 2,490
2018-08-01 $219,900 (2.3%) $282,511 (5.0%) 0.74 2,493
2018-09-01 $218,450 (0.7%) $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 $218,610 (0.5%) $272,379 (0.0%) 0.74 2,545
2018-12-01 $215,000 (-0.4%) $277,722 (2.1%) 0.74 2,468
2019-01-01 $215,000 (-1.8%) $278,969 (1.9%) 0.74 2,370
2019-02-01 $217,000 (-2.1%) $282,184 (0.4%) 0.73 2,335
2019-03-01 $223,800 (-0.5%) $287,721 (0.5%) 0.73 2,272
2019-04-01 $229,750 (0.6%) $293,681 (1.6%) 0.73 2,243
2019-05-01 $230,000 (0.0%) $296,445 (1.3%) 0.72 2,264
2019-06-01 $234,900 (2.6%) $299,033 (2.6%) 0.73 2,201
2019-07-01 $235,900 (4.9%) $303,928 (5.8%) 0.74 2,241
2019-08-01 $234,245 (6.5%) $297,480 (5.3%) 0.74 2,244
2019-09-01 $233,264 (6.8%) $297,617 (6.7%) 0.75 2,209
2019-10-01 $233,266 (6.4%) $297,683 (8.2%) 0.75 2,185
2019-11-01 $229,000 (4.8%) $295,282 (8.4%) 0.75 2,107
2019-12-01 $229,450 (6.7%) $292,969 (5.5%) 0.77 2,015
2020-01-01 $229,918 (6.9%) $299,294 (7.3%) 0.77 1,879
2020-02-01 $232,600 (7.2%) $306,976 (8.8%) 0.76 1,792
2020-03-01 $236,545 (5.7%) $307,441 (6.9%) 0.74 1,764
2020-04-01 $244,651 (6.5%) $315,731 (7.5%) 0.77 1,748
2020-05-01 $249,900 (8.7%) $325,612 (9.8%) 0.76 1,575
2020-06-01 $254,950 (8.5%) $338,343 (13.2%) 0.75 1,368
2020-07-01 $250,200 (6.1%) $339,139 (11.6%) 0.73 1,326
2020-08-01 $259,000 (10.6%) $343,693 (15.5%) 0.74 1,258
2020-09-01 $264,900 (13.6%) $350,327 (17.7%) 0.76 1,159
2020-10-01 $262,690 (12.6%) $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 $251,892 (9.8%) $358,199 (22.3%) 0.75 1,027
2021-01-01 $259,000 (12.7%) $358,350 (19.7%) 0.77 943
2021-02-01 $259,850 (11.7%) $376,888 (22.8%) 0.76 794
2021-03-01 $262,500 (11.0%) $390,452 (27.0%) 0.74 715
2021-04-01 $275,299 (12.5%) $414,082 (31.2%) 0.75 673
2021-05-01 $290,000 (16.1%) $411,397 (26.4%) 0.77 731
2021-06-01 $287,450 (12.8%) $404,021 (19.4%) 0.76 801
2021-07-01 $289,900 (15.9%) $395,724 (16.7%) 0.76 863
2021-08-01 $284,900 (10.0%) $376,965 (9.7%) 0.76 946
2021-09-01 $285,125 (7.6%) $371,830 (6.1%) 0.76 971
2021-10-01 $279,900 (6.6%) $363,729 (5.4%) 0.75 996
2021-11-01 $287,450 (15.0%) $365,671 (1.3%) 0.77 955
2021-12-01 $281,175 (11.6%) $357,277 (-0.3%) 0.76 856
2022-01-01 $281,670 (8.8%) $356,746 (-0.5%) 0.76 733
2022-02-01 $284,900 (9.6%) $355,569 (-5.7%) 0.74 626
2022-03-01 $281,503 (7.2%) $358,846 (-8.1%) 0.70 635
2022-04-01 $290,000 (5.3%) $362,661 (-12.4%) 0.69 723
2022-05-01 $307,370 (6.0%) $373,738 (-9.2%) 0.70 955
2022-06-01 $313,915 (9.2%) $377,375 (-6.6%) 0.70 1,089
2022-07-01 $315,000 (8.7%) $371,292 (-6.2%) 0.71 1,272
2022-08-01 $313,869 (10.2%) $370,028 (-1.8%) 0.73 1,360
2022-09-01 $312,989 (9.8%) $368,660 (-0.9%) 0.73 1,358
2022-10-01 $312,900 (11.8%) $365,109 (0.4%) 0.74 1,522
2022-11-01 $319,800 (11.3%) $369,405 (1.0%) 0.77 1,638
2022-12-01 $319,700 (13.7%) $368,455 (3.1%) 0.79 1,647
2023-01-01 $324,200 (15.1%) $379,091 (6.3%) 0.80 1,571
2023-02-01 $329,900 (15.8%) $385,641 (8.5%) 0.80 1,400
2023-03-01 $320,080 (13.7%) $384,587 (7.2%) 0.75 1,360
2023-04-01 $315,000 (8.6%) $383,794 (5.8%) 0.73 1,367
2023-05-01 $316,250 (2.9%) $385,697 (3.2%) 0.72 1,380
2023-06-01 $317,175 (1.0%) $391,524 (3.8%) 0.71 1,407
2023-07-01 $309,900 (-1.6%) $377,758 (1.7%) 0.70 1,504
2023-08-01 $299,950 (-4.4%) $368,204 (-0.5%) 0.69 1,587
2023-09-01 $302,430 (-3.4%) $370,026 (0.4%) 0.70 1,638
2023-10-01 $309,950 (-0.9%) $373,732 (2.4%) 0.73 1,762
2023-11-01 $309,900 (-3.1%) $372,866 (0.9%) 0.74 1,854
2023-12-01 $309,999 (-3.0%) $369,412 (0.3%) 0.76 1,834
2024-01-01 $309,925 (-4.4%) $364,872 (-3.8%) 0.76 1,802
2024-02-01 $307,942 (-6.7%) $359,807 (-6.7%) 0.74 1,742
2024-03-01 $304,500 (-4.9%) $358,250 (-6.9%) 0.72 1,834
Augusta's median listing price for 2024-03-01 was $304,500, a difference of $-15,580 (-4.9%) versus the prior year and $-3,442 versus the prior month.

Augusta's median listing price comes in at 72% of the national average.

Augusta's average listing price for 2024-03-01 was $358,250, a difference of $-26,337 (-6.9%) versus the prior year and $-1,557 versus the prior month.

For the 2024-03-01 period, Augusta had 1,834 MLS listings, a difference of 92 listings (5%) versus the prior month and 474 listings (35%) 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 93 days 2,190 sqft
2018-02-01 87 days 2,223 sqft
2018-03-01 67 days 2,241 sqft
2018-04-01 65 days 2,271 sqft
2018-05-01 60 days 2,300 sqft
2018-06-01 61 days 2,299 sqft
2018-07-01 66 days 2,255 sqft
2018-08-01 71 days 2,200 sqft
2018-09-01 74 days 2,175 sqft
2018-10-01 76 days 2,175 sqft
2018-11-01 79 days 2,132 sqft
2018-12-01 85 days 2,106 sqft
2019-01-01 94 days 2,104 sqft
2019-02-01 91 days 2,115 sqft
2019-03-01 75 days 2,177 sqft
2019-04-01 59 days 2,230 sqft
2019-05-01 54 days 2,238 sqft
2019-06-01 53 days 2,250 sqft
2019-07-01 55 days 2,246 sqft
2019-08-01 61 days 2,233 sqft
2019-09-01 68 days 2,240 sqft
2019-10-01 75 days 2,249 sqft
2019-11-01 79 days 2,211 sqft
2019-12-01 87 days 2,212 sqft
2020-01-01 89 days 2,206 sqft
2020-02-01 82 days 2,205 sqft
2020-03-01 62 days 2,234 sqft
2020-04-01 63 days 2,282 sqft
2020-05-01 72 days 2,287 sqft
2020-06-01 73 days 2,294 sqft
2020-07-01 61 days 2,284 sqft
2020-08-01 50 days 2,294 sqft
2020-09-01 51 days 2,304 sqft
2020-10-01 51 days 2,156 sqft
2020-11-01 51 days 2,219 sqft
2020-12-01 53 days 2,263 sqft
2021-01-01 55 days 2,250 sqft
2021-02-01 53 days 2,234 sqft
2021-03-01 38 days 2,195 sqft
2021-04-01 32 days 2,221 sqft
2021-05-01 27 days 2,271 sqft
2021-06-01 30 days 2,256 sqft
2021-07-01 31 days 2,188 sqft
2021-08-01 32 days 2,147 sqft
2021-09-01 38 days 2,146 sqft
2021-10-01 45 days 2,119 sqft
2021-11-01 45 days 2,159 sqft
2021-12-01 52 days 2,157 sqft
2022-01-01 54 days 2,156 sqft
2022-02-01 42 days 2,099 sqft
2022-03-01 33 days 2,052 sqft
2022-04-01 31 days 2,088 sqft
2022-05-01 32 days 2,112 sqft
2022-06-01 38 days 2,115 sqft
2022-07-01 40 days 2,103 sqft
2022-08-01 46 days 2,105 sqft
2022-09-01 49 days 2,103 sqft
2022-10-01 50 days 2,100 sqft
2022-11-01 56 days 2,153 sqft
2022-12-01 70 days 2,159 sqft
2023-01-01 79 days 2,161 sqft
2023-02-01 81 days 2,163 sqft
2023-03-01 65 days 2,138 sqft
2023-04-01 48 days 2,112 sqft
2023-05-01 48 days 2,139 sqft
2023-06-01 47 days 2,121 sqft
2023-07-01 45 days 2,095 sqft
2023-08-01 47 days 2,025 sqft
2023-09-01 52 days 2,033 sqft
2023-10-01 54 days 2,079 sqft
2023-11-01 57 days 2,063 sqft
2023-12-01 66 days 2,046 sqft
2024-01-01 77 days 2,027 sqft
2024-02-01 70 days 2,013 sqft
2024-03-01 56 days 2,013 sqft
Augusta's median listing age (time on market) for 2024-03-01 was 56 days. This is -14% shorter than the same period one year ago.

Augusta's median square footage for active listings during the 2024-03-01 period was 2,013 sqft. One year prior, the average listing was 2,138 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).