Brunswick FHA Loan Rates, Closing Costs & Stats

BRUNSWICK, GA

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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.

    Brunswick's 72 lenders originated 392 FHA loans during 2022. The total origination value was $79,790,000, with an average FHA loan value of $203,546.

    Brunswick FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Brunswick averaged -0.42% for the week of 2023-06-02, compared to the national average (all FHA variants) of 0% for the same period.

    Brunswick's average FHA mortgage closing costs are $7,064.

    The average rate for the prior week (2023-05-26) was 6.11% and one month ago for the week of 2023-04-28, the average rate was 5.85%.

    The average rate one year ago was 4.91%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.63%.

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

    Brunswick 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 Brunswick level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 62 4.65% $9,108
    HOMESTAR FINANCIAL CORPORATION 31 5.12% $7,339
    HOMEBRIDGE FINANCIAL SERVICES, INC. 31 4.81% $10,606
    UNITED WHOLESALE MORTGAGE, LLC 25 4.88% $10,051
    PENNYMAC LOAN SERVICES, LLC 18 4.45% $9,133
    Century Mortgage Company DBA Century Lending Company 17 5.20% $8,941
    CALIBER HOME LOANS, INC. 13 4.96% $9,153
    HOME POINT FINANCIAL CORPORATION 9 4.08% $8,051
    FREEDOM MORTGAGE CORPORATION 9 4.44% $10,515
    GUARANTEED RATE, INC. 8 4.20% $8,399
    LOANDEPOT.COM, LLC 7 5.41% $8,472
    TOWNE MORTGAGE COMPANY 7 4.86% $8,109
    GUARANTY HOME MORTGAGE CORPORATION 6 5.54% $7,620
    BAY EQUITY LLC 6 4.02% $10,449
    LIBERTY HOME MORTGAGE CORPORATION 6 5.94% $6,053
    Paramount Residential Mortgage Group, Inc. 6 5.48% $7,763
    United Community Bank 6 4.69% $6,451
    BROKER SOLUTIONS, INC. 5 5.65% $8,788
    Colony Bank 5 4.25% $6,832
    Capital City Home Loans, LLC 4 4.38% $8,036
    CARDINAL FINANCIAL 4 5.13% $8,503
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 5.37% $6,869
    Citizens Bank 3 4.63% $8,318
    AMERISAVE MORTGAGE CORPORATION 3 5.88% $11,575
    Mortgage Research Center, LLC 3 4.04% $4,669
    First Federal Bank 3 5.00% $8,054
    VANDERBILT MORTGAGE AND FINANCE, INC. 3 4.92% $11,387
    Platinum Home Mortgage Corporation 2 6.19% $11,117
    Peoples Bank 2 6.69% $11,880
    MORIA DEVELOPMENT, INC. 2 4.31% $11,440
    VILLAGE CAPITAL MORTGAGE 2 4.06% $5,007
    EUSTIS AND AMERICAN MORTGAGE COMPANY 2 4.19% $6,070
    Carrington Mortgage Services, LLC 2 4.81% $17,762
    Nations Lending Corporation 2 6.75% $6,175
    Bank of England 2 5.94% $10,628
    Lakeview Community Capital, LLC 2 4.50% $11,182
    LAND HOME FINANCIAL SERVICES, INC. 2 5.75% $8,093
    Mr. Cooper ( Nationstar Mortgage ) 2 3.31% $11,155
    Regions Bank 2 5.69% $12,152
    Wyndham Capital Mortgage, Inc. 1 6.25% $6,200
    Amerifirst Financial, Inc. 1 4.13% $5,439
    ANGEL OAK HOME LOANS LLC 1 4.75% $10,486
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 3.75% $7,750
    Barrington Bank & Trust Company, N.A. 1 6.25% $6,930
    CHURCHILL MORTGAGE CORPORATION 1 4.50% $6,376
    CMG MORTGAGE, INC. 1 3.75% $9,244
    EMM LOANS LLC 1 2.88% $9,125
    Equity Prime Mortgage LLC 1 7.75% $11,387
    First Option Mortgage, LLC 1 4.88% $12,712
    GUILD MORTGAGE COMPANY 1 3.25% $10,152
    HOMESIDE FINANCIAL, LLC 1 3.63% $7,303
    Hometown Equity Mortgage, LLC 1 6.50% $7,898
    INTERCOASTAL MORTGAGE COMPANY 1 5.25% $7,702
    JPMorgan Chase Bank 1 4.75% $9,212
    MILEND, INC. 1 4.63% $9,900
    MORTGAGE INVESTORS GROUP, INC. 1 6.50% $9,618
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 4.25% $7,978
    MOVEMENT MORTGAGE, LLC 1 5.63% $8,652
    NATIONS DIRECT MORTGAGE, LLC 1 5.13% $10,018
    NEW DAY FINANCIAL, LLC 1 5.75% $7,518
    NEWREZ LLC 1 4.13% $8,218
    Northpointe Bank 1 3.75% $7,938
    NORWICH COMMERCIAL GROUP, INC. 1 5.75% $14,993
    PLANET HOME LENDING, LLC 1 3.25% $6,158
    Renasant Bank 1 5.25% $5,910
    STOCKTON MORTGAGE CORPORATION 1 7.50% $5,315
    SUMMIT FUNDING, INC. 1 6.13% $11,114
    THRIVE MORTGAGE, LLC 1 4.25% $14,716
    TJC Mortgage, Inc. 1 3.75% $7,792
    TOTAL MORTGAGE SERVICES, LLC 1 4.25% $22,444
    Willamette Valley Bank 1 3.75% $8,565
    AMERICAN FINANCIAL RESOURCES, INC. 1 3.50% $8,858

    The top Brunswick FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 62 FHA loans originated. Their average total fees are $9,108, which is $1,770 higher than the next largest lender, HOMESTAR FINANCIAL CORPORATION.

    The lowest fee Brunswick FHA lenders (with over 10 loans originated) are HOMESTAR FINANCIAL CORPORATION ($7,339), Century Mortgage Company DBA Century Lending Company ($8,941), QUICKEN LOANS, LLC ($9,108), PENNYMAC LOAN SERVICES, LLC ($9,133) and CALIBER HOME LOANS, INC. ($9,153).

    The lowest rate Brunswick FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (4.45%), QUICKEN LOANS, LLC (4.65%), HOMEBRIDGE FINANCIAL SERVICES, INC. (4.81%), UNITED WHOLESALE MORTGAGE, LLC (4.88%) and CALIBER HOME LOANS, INC. (4.96%).

    Brunswick FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BRUNSWICK, GA BRANTLEY 2022 $420,680 $538,650 $651,050 $809,150
    BRUNSWICK, GA GLYNN 2022 $420,680 $538,650 $651,050 $809,150
    BRUNSWICK, GA MCINTOSH 2022 $420,680 $538,650 $651,050 $809,150
    BRUNSWICK, GA BRANTLEY 2023 $472,030 $604,400 $730,525 $907,900
    BRUNSWICK, GA GLYNN 2023 $472,030 $604,400 $730,525 $907,900
    BRUNSWICK, GA MCINTOSH 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Brunswick (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 $344,500 (-1.3%) $702,849 (1.6%) 0.00 1,061
    2018-02-01 $344,950 (-1.4%) $682,808 (-1.5%) 0.00 1,143
    2018-03-01 $344,700 (-1.5%) $693,006 (-1.0%) 0.00 1,216
    2018-04-01 $347,450 (-1.3%) $683,012 (-3.3%) 0.00 1,267
    2018-05-01 $349,900 (-1.5%) $683,108 (-5.3%) 0.00 1,271
    2018-06-01 $358,895 (2.4%) $685,152 (-6.2%) 0.00 1,286
    2018-07-01 $372,495 (7.5%) $700,476 (-1.3%) 0.00 1,273
    2018-08-01 $349,900 (2.0%) $673,829 (-4.3%) 0.00 1,397
    2018-09-01 $379,500 (9.4%) $705,347 (-0.1%) 0.00 1,174
    2018-10-01 $379,800 (9.5%) $710,591 (0.4%) 0.00 1,146
    2018-11-01 $374,375 (7.1%) $684,218 (-2.4%) 0.00 1,139
    2018-12-01 $359,000 (2.6%) $672,198 (-4.9%) 0.00 1,132
    2019-01-01 $349,948 (1.6%) $672,200 (-4.4%) 0.00 1,117
    2019-02-01 $349,900 (1.4%) $677,362 (-0.8%) 0.00 1,162
    2019-03-01 $360,657 (4.6%) $699,014 (0.9%) 0.00 1,174
    2019-04-01 $374,900 (7.9%) $720,317 (5.5%) 0.00 1,165
    2019-05-01 $378,500 (8.2%) $720,129 (5.4%) 0.00 1,197
    2019-06-01 $379,900 (5.9%) $722,056 (5.4%) 0.00 1,191
    2019-07-01 $385,000 (3.4%) $743,789 (6.2%) 0.00 1,135
    2019-08-01 $383,364 (9.6%) $749,626 (11.3%) 0.00 1,079
    2019-09-01 $380,909 (0.4%) $748,224 (6.1%) 0.00 1,052
    2019-10-01 $377,450 (-0.6%) $746,831 (5.1%) 0.00 1,035
    2019-11-01 $375,000 (0.2%) $737,383 (7.8%) 0.00 1,030
    2019-12-01 $375,000 (4.5%) $722,476 (7.5%) 0.00 1,008
    2020-01-01 $379,000 (8.3%) $705,732 (5.0%) 0.00 958
    2020-02-01 $383,450 (9.6%) $699,909 (3.3%) 0.00 1,059
    2020-03-01 $385,000 (6.8%) $687,231 (-1.7%) 0.00 1,102
    2020-04-01 $381,000 (1.6%) $675,710 (-6.2%) 0.00 1,099
    2020-05-01 $388,000 (2.5%) $669,050 (-7.1%) 0.00 1,082
    2020-06-01 $397,250 (4.6%) $684,215 (-5.2%) 0.00 1,018
    2020-07-01 $399,000 (3.6%) $698,928 (-6.0%) 0.00 953
    2020-08-01 $391,250 (2.1%) $708,545 (-5.5%) 0.00 844
    2020-09-01 $382,225 (0.4%) $705,535 (-5.7%) 0.00 785
    2020-10-01 $377,000 (-0.1%) $694,298 (-7.0%) 0.00 738
    2020-11-01 $362,425 (-3.4%) $685,283 (-7.1%) 0.00 695
    2020-12-01 $358,925 (-4.3%) $695,445 (-3.7%) 0.00 638
    2021-01-01 $356,700 (-5.9%) $724,450 (2.7%) 0.00 596
    2021-02-01 $349,950 (-8.7%) $702,124 (0.3%) 0.00 551
    2021-03-01 $343,625 (-10.8%) $706,833 (2.9%) 0.00 519
    2021-04-01 $346,600 (-9.0%) $708,710 (4.9%) 0.00 485
    2021-05-01 $329,900 (-15.0%) $729,834 (9.1%) 0.00 488
    2021-06-01 $345,749 (-13.0%) $692,805 (1.3%) 0.00 468
    2021-07-01 $349,900 (-12.3%) $700,605 (0.2%) 0.00 452
    2021-08-01 $354,400 (-9.4%) $673,866 (-4.9%) 0.00 470
    2021-09-01 $361,675 (-5.4%) $692,041 (-1.9%) 0.00 472
    2021-10-01 $375,000 (-0.5%) $694,683 (0.1%) 0.00 444
    2021-11-01 $384,194 (6.0%) $706,428 (3.1%) 0.00 450
    2021-12-01 $399,900 (11.4%) $749,958 (7.8%) 0.00 397
    2022-01-01 $420,096 (17.8%) $763,210 (5.4%) 0.00 364
    2022-02-01 $435,000 (24.3%) $731,276 (4.2%) 0.00 363
    2022-03-01 $399,675 (16.3%) $748,773 (5.9%) 0.00 350
    2022-04-01 $379,900 (9.6%) $840,396 (18.6%) 0.00 345
    2022-05-01 $397,875 (20.6%) $867,802 (18.9%) 0.00 373
    2022-06-01 $388,900 (12.5%) $831,428 (20.0%) 0.00 385
    2022-07-01 $412,400 (17.9%) $765,193 (9.2%) 0.00 401
    2022-08-01 $412,200 (16.3%) $789,974 (17.2%) 0.00 415
    2022-09-01 $419,248 (15.9%) $803,552 (16.1%) 0.00 423
    2022-10-01 $399,900 (6.6%) $858,684 (23.6%) 0.00 451
    2022-11-01 $398,850 (3.8%) $818,632 (15.9%) 0.00 468
    2022-12-01 $394,500 (-1.4%) $819,705 (9.3%) 0.00 460
    2023-01-01 $396,350 (-5.7%) $884,947 (16.0%) 0.00 401
    2023-02-01 $394,950 (-9.2%) $876,667 (19.9%) 0.00 393
    2023-03-01 $406,225 (1.6%) $882,379 (17.8%) 0.00 382
    2023-04-01 $398,850 (5.0%) $897,049 (6.7%) 0.00 378
    2023-05-01 $404,900 (1.8%) $925,523 (6.7%) 0.00 374
    Brunswick's median listing price for 2023-05-01 was $404,900, a difference of $7,025 (1.8%) versus the prior year and $6,050 versus the prior month.

    Brunswick's median listing price comes in at 0% of the national average.

    Brunswick's average listing price for 2023-05-01 was $925,523, a difference of $57,721 (6.7%) versus the prior year and $28,474 versus the prior month.

    For the 2023-05-01 period, Brunswick had 374 MLS listings, a difference of -4 listings (-1%) versus the prior month and 1 listings (0%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Brunswick (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,143 sqft
    2018-02-01 0 days 2,115 sqft
    2018-03-01 0 days 2,100 sqft
    2018-04-01 0 days 2,107 sqft
    2018-05-01 0 days 2,151 sqft
    2018-06-01 0 days 2,188 sqft
    2018-07-01 0 days 2,200 sqft
    2018-08-01 0 days 2,210 sqft
    2018-09-01 0 days 2,205 sqft
    2018-10-01 0 days 2,208 sqft
    2018-11-01 0 days 2,188 sqft
    2018-12-01 0 days 2,123 sqft
    2019-01-01 0 days 2,099 sqft
    2019-02-01 0 days 2,063 sqft
    2019-03-01 0 days 2,104 sqft
    2019-04-01 0 days 2,161 sqft
    2019-05-01 0 days 2,169 sqft
    2019-06-01 0 days 2,200 sqft
    2019-07-01 0 days 2,200 sqft
    2019-08-01 0 days 2,200 sqft
    2019-09-01 0 days 2,200 sqft
    2019-10-01 0 days 2,200 sqft
    2019-11-01 0 days 2,148 sqft
    2019-12-01 0 days 2,146 sqft
    2020-01-01 0 days 2,118 sqft
    2020-02-01 0 days 2,065 sqft
    2020-03-01 0 days 2,059 sqft
    2020-04-01 0 days 2,094 sqft
    2020-05-01 0 days 2,116 sqft
    2020-06-01 0 days 2,134 sqft
    2020-07-01 0 days 2,098 sqft
    2020-08-01 0 days 2,076 sqft
    2020-09-01 0 days 2,045 sqft
    2020-10-01 0 days 2,063 sqft
    2020-11-01 0 days 2,014 sqft
    2020-12-01 0 days 1,993 sqft
    2021-01-01 0 days 2,000 sqft
    2021-02-01 0 days 2,003 sqft
    2021-03-01 0 days 2,009 sqft
    2021-04-01 0 days 1,946 sqft
    2021-05-01 0 days 1,918 sqft
    2021-06-01 0 days 1,925 sqft
    2021-07-01 0 days 1,932 sqft
    2021-08-01 0 days 1,995 sqft
    2021-09-01 0 days 1,953 sqft
    2021-10-01 0 days 2,035 sqft
    2021-11-01 0 days 2,040 sqft
    2021-12-01 0 days 2,118 sqft
    2022-01-01 0 days 2,126 sqft
    2022-02-01 0 days 2,033 sqft
    2022-03-01 0 days 1,928 sqft
    2022-04-01 0 days 1,921 sqft
    2022-05-01 0 days 2,036 sqft
    2022-06-01 0 days 1,979 sqft
    2022-07-01 0 days 1,970 sqft
    2022-08-01 0 days 1,957 sqft
    2022-09-01 0 days 2,030 sqft
    2022-10-01 0 days 2,028 sqft
    2022-11-01 0 days 1,989 sqft
    2022-12-01 0 days 1,953 sqft
    2023-01-01 0 days 1,960 sqft
    2023-02-01 0 days 2,000 sqft
    2023-03-01 0 days 2,029 sqft
    2023-04-01 0 days 1,974 sqft
    2023-05-01 0 days 2,010 sqft
    Brunswick's median listing age (time on market) for 2023-05-01 was 0 days.

    Brunswick's median square footage for active listings during the 2023-05-01 period was 2,010 sqft. One year prior, the average listing was 2,036 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).