Brunswick FHA Loan Rates, Closing Costs & Stats

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 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).