Brunswick FHA Loans

BRUNSWICK, 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.

Brunswick's 76 lenders originated 582 FHA loans during 2021. The total origination value was $104,010,000, with an average FHA loan value of $178,711.

Brunswick FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Brunswick averaged 5.03% for the week of 2022-05-20, compared to the national average (all FHA variants) of 5.352% for the same period.

The average rate for the prior week (2022-05-13) was 5.04% and one month ago for the week of 2022-04-15, the average rate was 4.83%.

The average rate one year ago was 3.1%.

For refis of the same type during the week of 2022-05-20, the average rate was 4.98%.

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 and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Brunswick level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 105 2.78% $6,515
HOMEBRIDGE FINANCIAL SERVICES, INC. 46 3.19% $7,972
HOMESTAR FINANCIAL CORPORATION 34 3.19% $4,954
BAY EQUITY LLC 30 2.91% $8,353
UNITED WHOLESALE MORTGAGE, LLC 21 2.66% $7,929
PENNYMAC LOAN SERVICES, LLC 17 2.96% $5,868
FREEDOM MORTGAGE CORPORATION 17 3.00% $4,486
CALIBER HOME LOANS, INC. 15 3.36% $8,505
GUARANTEED RATE, INC. 11 2.93% $7,369
Capital City Home Loans, LLC 11 2.99% $7,817
LAKEVIEW LOAN SERVICING, LLC 10 3.15% $3,871
NEWREZ LLC 10 3.20% $3,735
TOWNE MORTGAGE COMPANY 9 3.08% $5,861
VANDERBILT MORTGAGE AND FINANCE, INC. 9 3.18% $8,409
GUARANTY HOME MORTGAGE CORPORATION 9 2.81% $6,225
United Community Bank 8 2.86% $6,588
Mr. Cooper ( Nationstar Mortgage ) 7 3.45% $4,660
Renasant Bank 6 3.10% $5,646
HOME POINT FINANCIAL CORPORATION 6 2.96% $6,586
LOANDEPOT.COM, LLC 6 3.44% $6,603
STOCKTON MORTGAGE CORPORATION 6 2.69% $7,463
Platinum Home Mortgage Corporation 5 3.45% $11,986
PLANET HOME LENDING, LLC 5 2.78% $3,730
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.81% $7,520
AmeriHome Mortgage Company, LLC 4 3.13% $4,287
Colony Bank 4 2.78% $6,864
CONTOUR MORTGAGE CORPORATION 4 3.28% $11,783
GUILD MORTGAGE COMPANY 3 3.21% $7,297
Ameris Bank 3 3.04% $7,116
AMERISAVE MORTGAGE CORPORATION 3 3.33% $8,251
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 3.16% $8,177
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.17% $8,075
STEARNS LENDING, LLC 3 2.79% $6,622
BROKER SOLUTIONS, INC. 3 3.38% $6,339
INSPIRE HOME LOANS INC. 3 3.25% $7,535
Nations Lending Corporation 2 2.88% $4,350
Blue Ridge Bank 2 2.81% $6,794
Carrington Mortgage Services, LLC 2 3.50% $6,971
CHURCHILL MORTGAGE CORPORATION 2 3.31% $7,633
First Federal Bank 2 2.94% $6,475
MUTUAL OF OMAHA MORTGAGE, INC. 2 3.50% $9,883
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.00% $7,836
VILLAGE CAPITAL & INVESTMENT LLC 2 3.00% $1,651
MID AMERICA MORTGAGE, INC. 1 3.25% $5,462
MOVEMENT MORTGAGE, LLC 1 3.38% $6,084
JET HOMELOANS, LLC 1 3.38% $6,825
ZILLOW HOME LOANS, LLC 1 2.75% $5,181
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.25% $7,481
NATIONWIDE MORTGAGE BANKERS, INC. 1 4.50% $10,834
InterContinental Capital Group, Inc 1 3.00% $9,760
ON Q FINANCIAL, INC. 1 3.75% $8,705
Paramount Residential Mortgage Group, Inc. 1 3.50% $8,036
INTERCOASTAL MORTGAGE COMPANY 1 3.00% $9,238
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 4.13% $8,677
First Option Mortgage, LLC 1 3.25% $8,037
PNC Bank 1 2.88% $5,601
POLARIS HOME FUNDING CORP. 1 3.00% $9,681
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.38% $7,728
Wolfe Financial, Inc 1 3.25% $6,188
First Guaranty Mortgage Corporation 1 3.88% $4,512
FIDELITY BANK 1 3.25% $8,579
RUOFF MORTGAGE COMPANY, INC. 1 3.38% $3,168
SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.13% $3,441
Evolve Bank & Trust 1 3.38% $7,713
Equity Prime Mortgage LLC 1 3.88% $11,642
SWBC MORTGAGE CORPORATION 1 2.75% $5,254
Commerce Home Mortgage, Inc. 1 2.75% $8,444
Truist Bank 1 3.10% $5,945
UNITED 1 4.13% $7,142
CMG MORTGAGE, INC. 1 3.13% $8,166
Century Mortgage Company DBA Century Lending Company 1 2.75% $6,986
BETTER MORTGAGE CORPORATION 1 2.38% $11,094
VICTORY MORTGAGE, L.L.C. 1 2.50% $8,609
LIBERTY HOME MORTGAGE CORPORATION 1 3.25% $8,366
JPMorgan Chase Bank 1 2.75% $0
Magnolia Bank 1 2.75% $6,255

The top Brunswick FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 105 FHA loans originated. Their average total fees are $6,515, which is $1,457 lower than the next largest lender, HOMEBRIDGE FINANCIAL SERVICES, INC..

The lowest fee Brunswick FHA lenders (with over 10 loans originated) are NEWREZ LLC ($3,735), LAKEVIEW LOAN SERVICING, LLC ($3,871), FREEDOM MORTGAGE CORPORATION ($4,486), HOMESTAR FINANCIAL CORPORATION ($4,954) and PENNYMAC LOAN SERVICES, LLC ($5,868).

The lowest rate Brunswick FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (2.66%), QUICKEN LOANS, LLC (2.78%), BAY EQUITY LLC (2.91%), GUARANTEED RATE, INC. (2.93%) and PENNYMAC LOAN SERVICES, LLC (2.96%).

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

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 $342,750 (-1.8%) $692,342 (0.6%) 0.00 1,086
2018-02-01 $345,450 (-1.3%) $670,639 (-2.8%) 0.00 1,236
2018-03-01 $345,000 (-1.4%) $682,472 (-2.3%) 0.00 1,313
2018-04-01 $344,950 (-3.9%) $664,184 (-5.7%) 0.00 1,392
2018-05-01 $349,900 (-2.5%) $665,447 (-7.3%) 0.00 1,380
2018-06-01 $359,000 (1.8%) $668,684 (-9.4%) 0.00 1,405
2018-07-01 $373,750 (6.9%) $683,097 (-5.1%) 0.00 1,390
2018-08-01 $354,345 (2.9%) $661,570 (-6.2%) 0.00 1,523
2018-09-01 $379,500 (8.7%) $687,339 (-1.9%) 0.00 1,291
2018-10-01 $381,200 (9.4%) $695,468 (-1.0%) 0.00 1,261
2018-11-01 $377,000 (7.8%) $676,624 (-2.1%) 0.00 1,256
2018-12-01 $363,161 (3.8%) $663,738 (-4.6%) 0.00 1,258
2019-01-01 $355,000 (3.6%) $666,505 (-3.7%) 0.00 1,238
2019-02-01 $352,400 (2.0%) $669,680 (-0.1%) 0.00 1,285
2019-03-01 $360,657 (4.5%) $689,623 (1.1%) 0.00 1,307
2019-04-01 $373,950 (8.4%) $709,137 (6.8%) 0.00 1,301
2019-05-01 $379,000 (8.3%) $708,908 (6.5%) 0.00 1,336
2019-06-01 $394,000 (9.8%) $704,728 (5.4%) 0.00 1,365
2019-07-01 $396,250 (6.0%) $718,494 (5.2%) 0.00 1,296
2019-08-01 $392,809 (10.9%) $722,500 (9.2%) 0.00 1,226
2019-09-01 $388,700 (2.4%) $723,027 (5.2%) 0.00 1,184
2019-10-01 $375,000 (-1.6%) $707,739 (1.8%) 0.00 1,196
2019-11-01 $375,000 (-0.5%) $702,481 (3.8%) 0.00 1,187
2019-12-01 $372,000 (2.4%) $695,710 (4.8%) 0.00 1,156
2020-01-01 $370,000 (4.2%) $685,307 (2.8%) 0.00 1,103
2020-02-01 $379,000 (7.6%) $678,257 (1.3%) 0.00 1,184
2020-03-01 $377,500 (4.7%) $668,587 (-3.1%) 0.00 1,225
2020-04-01 $379,000 (1.4%) $668,363 (-5.8%) 0.00 1,215
2020-05-01 $384,900 (1.6%) $663,943 (-6.3%) 0.00 1,197
2020-06-01 $389,900 (-1.0%) $674,968 (-4.2%) 0.00 1,118
2020-07-01 $392,500 (-1.0%) $685,054 (-4.7%) 0.00 1,029
2020-08-01 $399,000 (1.6%) $717,988 (-0.6%) 0.00 907
2020-09-01 $387,000 (-0.4%) $714,535 (-1.2%) 0.00 854
2020-10-01 $379,900 (1.3%) $699,449 (-1.2%) 0.00 792
2020-11-01 $367,489 (-2.0%) $698,371 (-0.6%) 0.00 738
2020-12-01 $362,500 (-2.6%) $703,662 (1.1%) 0.00 689
2021-01-01 $359,900 (-2.7%) $731,142 (6.7%) 0.00 636
2021-02-01 $349,950 (-7.7%) $708,528 (4.5%) 0.00 586
2021-03-01 $343,250 (-9.1%) $688,474 (3.0%) 0.00 552
2021-04-01 $344,950 (-9.0%) $691,019 (3.4%) 0.00 527
2021-05-01 $340,000 (-11.7%) $715,052 (7.7%) 0.00 518
2021-06-01 $342,500 (-12.2%) $668,251 (-1.0%) 0.00 502
2021-07-01 $354,900 (-9.6%) $697,796 (1.9%) 0.00 461
2021-08-01 $365,515 (-8.4%) $668,831 (-6.9%) 0.00 501
2021-09-01 $366,450 (-5.3%) $676,238 (-5.4%) 0.00 508
2021-10-01 $375,000 (-1.3%) $691,592 (-1.1%) 0.00 475
2021-11-01 $387,775 (5.5%) $706,174 (1.1%) 0.00 482
2021-12-01 $399,900 (10.3%) $738,855 (5.0%) 0.00 430
2022-01-01 $424,000 (17.8%) $755,494 (3.3%) 0.00 395
2022-02-01 $442,000 (26.3%) $709,413 (0.1%) 0.00 403
2022-03-01 $416,445 (21.3%) $719,227 (4.5%) 0.00 400
2022-04-01 $399,000 (15.7%) $794,870 (15.0%) 0.00 404
Brunswick's median listing price for 2022-04-01 was $399,000, a difference of $54,050 (15.7%) versus the prior year and $-17,445 versus the prior month.

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

Brunswick's average listing price for 2022-04-01 was $794,870, a difference of $103,851 (15.0%) versus the prior year and $75,643 versus the prior month.

For the 2022-04-01 period, Brunswick had 404 MLS listings, a difference of 4 listings (1%) versus the prior month and -123 listings (-23%) 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 2,171 sqft
2018-02-01 0 days 2,154 sqft
2018-03-01 0 days 2,137 sqft
2018-04-01 0 days 2,131 sqft
2018-05-01 0 days 2,171 sqft
2018-06-01 0 days 2,200 sqft
2018-07-01 0 days 2,219 sqft
2018-08-01 0 days 2,248 sqft
2018-09-01 0 days 2,221 sqft
2018-10-01 0 days 2,225 sqft
2018-11-01 0 days 2,202 sqft
2018-12-01 0 days 2,167 sqft
2019-01-01 0 days 2,147 sqft
2019-02-01 0 days 2,110 sqft
2019-03-01 0 days 2,138 sqft
2019-04-01 0 days 2,194 sqft
2019-05-01 0 days 2,195 sqft
2019-06-01 0 days 2,223 sqft
2019-07-01 0 days 2,216 sqft
2019-08-01 0 days 2,210 sqft
2019-09-01 0 days 2,202 sqft
2019-10-01 0 days 2,193 sqft
2019-11-01 0 days 2,147 sqft
2019-12-01 0 days 2,130 sqft
2020-01-01 0 days 2,104 sqft
2020-02-01 0 days 2,105 sqft
2020-03-01 0 days 2,053 sqft
2020-04-01 0 days 2,123 sqft
2020-05-01 0 days 2,130 sqft
2020-06-01 0 days 2,143 sqft
2020-07-01 0 days 2,087 sqft
2020-08-01 0 days 2,087 sqft
2020-09-01 0 days 2,063 sqft
2020-10-01 0 days 2,056 sqft
2020-11-01 0 days 2,017 sqft
2020-12-01 0 days 1,987 sqft
2021-01-01 0 days 2,009 sqft
2021-02-01 0 days 2,009 sqft
2021-03-01 0 days 2,009 sqft
2021-04-01 0 days 2,000 sqft
2021-05-01 0 days 1,952 sqft
2021-06-01 0 days 1,938 sqft
2021-07-01 0 days 1,950 sqft
2021-08-01 0 days 2,028 sqft
2021-09-01 0 days 1,995 sqft
2021-10-01 0 days 2,046 sqft
2021-11-01 0 days 2,075 sqft
2021-12-01 0 days 2,128 sqft
2022-01-01 0 days 2,159 sqft
2022-02-01 0 days 2,053 sqft
2022-03-01 0 days 1,950 sqft
2022-04-01 0 days 1,940 sqft
Brunswick's median listing age (time on market) for 2022-04-01 was 0 days.

Brunswick's median square footage for active listings during the 2022-04-01 period was 1,940 sqft. One year prior, the average listing was 2,000 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).