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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.