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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.