Brunswick FHA Loans

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 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).