Hinesville FHA Loan Rates, Closing Costs & Stats

HINESVILLE, 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.

    Hinesville's 74 lenders originated 339 FHA loans during 2023. The total origination value was $76,995,000, with an average FHA loan value of $227,124.

    Hinesville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Hinesville averaged 6.55% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Hinesville's average FHA mortgage closing costs are $7,540.

    The average rate for the prior week (2024-04-12) was 6.74% and one month ago for the week of 2024-03-15, the average rate was 6.51%.

    The average rate one year ago was 6.24%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.55%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Hinesville 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 Hinesville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    BROKER SOLUTIONS, INC. 51 6.53% $9,096
    QUICKEN LOANS, LLC 31 6.44% $9,943
    UNITED WHOLESALE MORTGAGE, LLC 23 6.34% $12,130
    VANDERBILT MORTGAGE AND FINANCE, INC. 20 6.09% $11,380
    GUILD MORTGAGE COMPANY 14 6.50% $10,508
    GUARANTEED RATE, INC. 10 6.27% $8,963
    Plains Commerce Bank 10 6.51% $10,925
    Ameris Bank 9 6.24% $10,551
    SWBC MORTGAGE CORPORATION 8 6.95% $6,511
    MOVEMENT MORTGAGE, LLC 7 6.95% $11,586
    Flagstar Bank, FSB 6 6.82% $10,196
    SOUTHPOINT FINANCIAL SERVICES, INC. 6 6.83% $9,165
    Platinum Home Mortgage Corporation 6 6.75% $15,838
    CARDINAL FINANCIAL 6 5.96% $13,137
    Mortgage Research Center, LLC 6 7.00% $5,798
    BANKSOUTH MORTGAGE COMPANY, LLC 5 6.12% $13,968
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 7.03% $10,464
    HOMESTAR FINANCIAL CORPORATION 4 6.50% $6,593
    FREEDOM MORTGAGE CORPORATION 4 7.19% $11,302
    PLANET HOME LENDING, LLC 4 7.12% $13,803
    Mr. Cooper ( Nationstar Mortgage ) 4 6.31% $12,323
    AMERICAN FINANCIAL NETWORK, INC. 4 7.34% $10,882
    PENNYMAC LOAN SERVICES, LLC 3 6.46% $14,306
    CROSSCOUNTRY MORTGAGE, LLC 3 6.35% $12,205
    Prosperity Home Mortgage, LLC 3 6.46% $8,172
    Renasant Bank 3 6.29% $9,576
    ACOPIA, LLC 2 6.44% $10,713
    AMERISAVE MORTGAGE CORPORATION 2 5.63% $13,699
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.88% $8,150
    Citizens Bank 2 7.00% $9,032
    Colony Bank 2 6.44% $11,862
    Equity Prime Mortgage LLC 2 6.63% $10,865
    LOANDEPOT.COM, LLC 2 6.81% $9,099
    MILEND, INC. 2 6.88% $10,132
    MORTGAGE INVESTORS GROUP, INC. 2 6.19% $10,317
    Paramount Residential Mortgage Group, Inc. 2 6.19% $12,075
    THRIVE MORTGAGE, LLC 2 6.44% $11,302
    ZILLOW HOME LOANS, LLC 2 6.44% $9,587
    UNION HOME MORTGAGE CORP. 1 7.25% $10,128
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $16,285
    DAS Acquisition Company, LLC 1 8.63% $10,202
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $8,230
    COMMUNITY MORTGAGE CORPORATION 1 6.38% $11,490
    CMG MORTGAGE, INC. 1 7.25% $10,569
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $11,536
    Nations Lending Corporation 1 6.63% $8,694
    ONY GLO, INC. 1 7.63% $15,535
    U.S. Bank 1 7.63% $9,168
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.63% $10,011
    PENTAGON FEDERAL CREDIT UNION 1 5.00% $8,535
    Century Mortgage Company DBA Century Lending Company 1 6.25% $8,955
    Carrington Mortgage Services, LLC 1 6.00% $10,540
    CANOPY MORTGAGE, LLC 1 7.25% $10,523
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $13,592
    CALIBER HOME LOANS, INC. 1 6.75% $8,289
    BECKAM FUNDING CORP. 1 7.25% $12,670
    Regions Bank 1 6.50% $14,133
    BAY EQUITY LLC 1 6.49% $13,119
    RESIDENTIAL BANCORP 1 5.75% $8,542
    RESIDENTIAL HOME FUNDING CORP. 1 5.63% $7,909
    Barrington Bank & Trust Company, N.A. 1 7.75% $12,862
    South State Bank 1 6.75% $11,016
    SOUTHWEST STAGE FUNDING, LLC 1 6.25% $4,389
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $12,824
    SUMMIT FUNDING, INC. 1 7.25% $7,127
    Bank of England 1 6.25% $10,974
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.00% $15,562
    TOP FLITE FINANCIAL, INC. 1 6.63% $11,431
    HOMESIDE FINANCIAL, LLC 1 5.75% $7,699
    EVERETT FINANCIAL, INC. 1 7.13% $8,803
    INSPIRE HOME LOANS INC. 1 4.88% $7,845
    INTERLINC MORTGAGE SERVICES, LLC 1 6.63% $4,645
    TOWNE MORTGAGE COMPANY 1 5.63% $8,857
    Magnolia Bank 1 6.75% $21,713

    The top Hinesville FHA lender as defined by loan originations is BROKER SOLUTIONS, INC., with 51 FHA loans originated. Their average total fees are $9,096, which is $847 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Hinesville FHA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($8,963), BROKER SOLUTIONS, INC. ($9,096), QUICKEN LOANS, LLC ($9,943), GUILD MORTGAGE COMPANY ($10,508) and Plains Commerce Bank ($10,925).

    The lowest rate Hinesville FHA lenders (with over 10 loans originated) are VANDERBILT MORTGAGE AND FINANCE, INC. (6.09%), GUARANTEED RATE, INC. (6.27%), UNITED WHOLESALE MORTGAGE, LLC (6.34%), QUICKEN LOANS, LLC (6.44%) and GUILD MORTGAGE COMPANY (6.50%).

    Hinesville FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    HINESVILLE, GA LIBERTY 2022 $420,680 $538,650 $651,050 $809,150
    HINESVILLE, GA LONG 2022 $420,680 $538,650 $651,050 $809,150
    HINESVILLE, GA LIBERTY 2023 $472,030 $604,400 $730,525 $907,900
    HINESVILLE, GA LONG 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hinesville (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 $162,500 (8.4%) $181,264 (13.2%) 0.00 419
    2018-02-01 $160,000 (5.9%) $174,249 (6.0%) 0.00 433
    2018-03-01 $164,900 (7.3%) $174,040 (4.6%) 0.00 478
    2018-04-01 $164,900 (6.5%) $174,739 (5.5%) 0.00 481
    2018-05-01 $162,400 (3.9%) $174,558 (4.4%) 0.00 482
    2018-06-01 $164,500 (5.8%) $178,160 (5.5%) 0.00 468
    2018-07-01 $169,900 (6.2%) $197,012 (13.7%) 0.00 506
    2018-08-01 $169,275 (4.2%) $197,850 (12.4%) 0.00 489
    2018-09-01 $170,000 (6.3%) $199,431 (10.8%) 0.00 490
    2018-10-01 $172,000 (8.4%) $201,864 (13.6%) 0.00 500
    2018-11-01 $174,425 (7.7%) $204,500 (13.2%) 0.00 481
    2018-12-01 $167,775 (2.3%) $200,260 (9.8%) 0.00 491
    2019-01-01 $168,673 (3.8%) $200,367 (10.5%) 0.00 488
    2019-02-01 $165,998 (3.8%) $198,046 (13.7%) 0.00 499
    2019-03-01 $166,811 (1.2%) $196,720 (13.0%) 0.00 494
    2019-04-01 $165,189 (0.2%) $195,033 (11.6%) 0.00 487
    2019-05-01 $165,700 (2.0%) $196,022 (12.3%) 0.00 487
    2019-06-01 $163,450 (-0.6%) $193,785 (8.8%) 0.00 482
    2019-07-01 $159,945 (-5.9%) $190,992 (-3.1%) 0.00 478
    2019-08-01 $160,282 (-5.3%) $191,034 (-3.5%) 0.00 463
    2019-09-01 $160,855 (-5.4%) $193,567 (-2.9%) 0.00 451
    2019-10-01 $163,100 (-5.2%) $195,430 (-3.2%) 0.00 444
    2019-11-01 $170,925 (-2.0%) $204,397 (-0.1%) 0.00 452
    2019-12-01 $173,825 (3.6%) $204,796 (2.3%) 0.00 455
    2020-01-01 $177,381 (5.2%) $208,115 (3.9%) 0.00 426
    2020-02-01 $181,325 (9.2%) $215,837 (9.0%) 0.00 418
    2020-03-01 $179,933 (7.9%) $218,075 (10.9%) 0.00 417
    2020-04-01 $183,475 (11.1%) $219,891 (12.8%) 0.00 397
    2020-05-01 $185,813 (12.1%) $222,132 (13.3%) 0.00 361
    2020-06-01 $184,728 (13.0%) $223,317 (15.2%) 0.00 320
    2020-07-01 $188,875 (18.1%) $210,002 (10.0%) 0.00 320
    2020-08-01 $189,900 (18.5%) $210,270 (10.1%) 0.00 290
    2020-09-01 $189,950 (18.1%) $212,323 (9.7%) 0.00 269
    2020-10-01 $193,990 (18.9%) $212,363 (8.7%) 0.00 246
    2020-11-01 $195,348 (14.3%) $210,465 (3.0%) 0.00 252
    2020-12-01 $198,350 (14.1%) $211,618 (3.3%) 0.00 251
    2021-01-01 $199,691 (12.6%) $213,276 (2.5%) 0.00 250
    2021-02-01 $210,448 (16.1%) $223,265 (3.4%) 0.00 237
    2021-03-01 $207,400 (15.3%) $234,052 (7.3%) 0.00 176
    2021-04-01 $234,700 (27.9%) $268,794 (22.2%) 0.00 147
    2021-05-01 $239,500 (28.9%) $269,099 (21.1%) 0.00 141
    2021-06-01 $239,694 (29.8%) $268,092 (20.1%) 0.00 140
    2021-07-01 $240,050 (27.1%) $269,767 (28.5%) 0.00 138
    2021-08-01 $249,972 (31.6%) $268,338 (27.6%) 0.00 141
    2021-09-01 $248,236 (30.7%) $281,722 (32.7%) 0.00 140
    2021-10-01 $250,000 (28.9%) $281,962 (32.8%) 0.00 169
    2021-11-01 $254,190 (30.1%) $289,125 (37.4%) 0.00 140
    2021-12-01 $285,837 (44.1%) $309,034 (46.0%) 0.00 149
    2022-01-01 $275,837 (38.1%) $296,249 (38.9%) 0.00 112
    2022-02-01 $274,057 (30.2%) $301,774 (35.2%) 0.00 84
    2022-03-01 $281,788 (35.9%) $298,385 (27.5%) 0.00 104
    2022-04-01 $267,940 (14.2%) $295,255 (9.8%) 0.00 113
    2022-05-01 $275,749 (15.1%) $291,287 (8.3%) 0.00 179
    2022-06-01 $275,448 (14.9%) $295,823 (10.3%) 0.00 214
    2022-07-01 $275,995 (15.0%) $299,840 (11.2%) 0.00 223
    2022-08-01 $270,371 (8.2%) $290,352 (8.2%) 0.00 245
    2022-09-01 $271,500 (9.4%) $291,408 (3.4%) 0.00 234
    2022-10-01 $268,100 (7.2%) $286,921 (1.8%) 0.00 247
    2022-11-01 $268,431 (5.6%) $292,389 (1.1%) 0.00 260
    2022-12-01 $268,300 (-6.1%) $289,853 (-6.2%) 0.00 267
    2023-01-01 $268,838 (-2.5%) $290,867 (-1.8%) 0.00 254
    2023-02-01 $271,125 (-1.1%) $296,468 (-1.8%) 0.00 254
    2023-03-01 $270,125 (-4.1%) $296,931 (-0.5%) 0.00 249
    2023-04-01 $274,900 (2.6%) $300,145 (1.7%) 0.00 228
    2023-05-01 $277,350 (0.6%) $305,715 (5.0%) 0.00 228
    2023-06-01 $279,813 (1.6%) $306,278 (3.5%) 0.00 228
    2023-07-01 $282,900 (2.5%) $314,750 (5.0%) 0.00 240
    2023-08-01 $279,813 (3.5%) $302,517 (4.2%) 0.00 260
    2023-09-01 $283,525 (4.4%) $305,964 (5.0%) 0.00 325
    2023-10-01 $285,180 (6.4%) $309,721 (8.0%) 0.00 360
    2023-11-01 $284,975 (6.2%) $311,332 (6.5%) 0.00 379
    2023-12-01 $283,663 (5.7%) $315,886 (9.0%) 0.00 369
    2024-01-01 $279,999 (4.2%) $315,941 (8.6%) 0.00 357
    2024-02-01 $277,500 (2.4%) $309,770 (4.5%) 0.00 370
    2024-03-01 $282,000 (4.4%) $311,839 (5.0%) 0.00 339
    Hinesville's median listing price for 2024-03-01 was $282,000, a difference of $11,875 (4.4%) versus the prior year and $4,500 versus the prior month.

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

    Hinesville's average listing price for 2024-03-01 was $311,839, a difference of $14,908 (5.0%) versus the prior year and $2,069 versus the prior month.

    For the 2024-03-01 period, Hinesville had 339 MLS listings, a difference of -31 listings (-8%) versus the prior month and 90 listings (36%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hinesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,761 sqft
    2018-02-01 0 days 1,729 sqft
    2018-03-01 0 days 1,768 sqft
    2018-04-01 0 days 1,755 sqft
    2018-05-01 0 days 1,713 sqft
    2018-06-01 0 days 1,749 sqft
    2018-07-01 0 days 1,797 sqft
    2018-08-01 0 days 1,801 sqft
    2018-09-01 0 days 1,848 sqft
    2018-10-01 0 days 1,872 sqft
    2018-11-01 0 days 1,900 sqft
    2018-12-01 0 days 1,862 sqft
    2019-01-01 0 days 1,852 sqft
    2019-02-01 0 days 1,807 sqft
    2019-03-01 0 days 1,810 sqft
    2019-04-01 0 days 1,802 sqft
    2019-05-01 0 days 1,801 sqft
    2019-06-01 0 days 1,792 sqft
    2019-07-01 0 days 1,681 sqft
    2019-08-01 0 days 1,702 sqft
    2019-09-01 0 days 1,743 sqft
    2019-10-01 0 days 1,774 sqft
    2019-11-01 0 days 1,799 sqft
    2019-12-01 0 days 1,801 sqft
    2020-01-01 0 days 1,796 sqft
    2020-02-01 0 days 1,855 sqft
    2020-03-01 0 days 1,827 sqft
    2020-04-01 0 days 1,817 sqft
    2020-05-01 0 days 1,894 sqft
    2020-06-01 0 days 1,803 sqft
    2020-07-01 0 days 1,860 sqft
    2020-08-01 0 days 1,831 sqft
    2020-09-01 0 days 1,874 sqft
    2020-10-01 0 days 1,902 sqft
    2020-11-01 0 days 1,874 sqft
    2020-12-01 0 days 1,882 sqft
    2021-01-01 0 days 1,866 sqft
    2021-02-01 0 days 1,893 sqft
    2021-03-01 0 days 1,822 sqft
    2021-04-01 0 days 2,049 sqft
    2021-05-01 0 days 2,030 sqft
    2021-06-01 0 days 2,049 sqft
    2021-07-01 0 days 2,002 sqft
    2021-08-01 0 days 1,997 sqft
    2021-09-01 0 days 1,958 sqft
    2021-10-01 0 days 2,002 sqft
    2021-11-01 0 days 1,981 sqft
    2021-12-01 0 days 2,155 sqft
    2022-01-01 0 days 2,133 sqft
    2022-02-01 0 days 2,125 sqft
    2022-03-01 0 days 1,987 sqft
    2022-04-01 0 days 1,810 sqft
    2022-05-01 0 days 1,918 sqft
    2022-06-01 0 days 1,975 sqft
    2022-07-01 0 days 1,971 sqft
    2022-08-01 0 days 1,899 sqft
    2022-09-01 0 days 1,891 sqft
    2022-10-01 0 days 1,869 sqft
    2022-11-01 0 days 1,928 sqft
    2022-12-01 0 days 1,900 sqft
    2023-01-01 0 days 1,866 sqft
    2023-02-01 0 days 1,893 sqft
    2023-03-01 0 days 1,868 sqft
    2023-04-01 0 days 1,960 sqft
    2023-05-01 0 days 1,929 sqft
    2023-06-01 0 days 1,924 sqft
    2023-07-01 0 days 1,937 sqft
    2023-08-01 0 days 1,929 sqft
    2023-09-01 0 days 1,926 sqft
    2023-10-01 0 days 1,925 sqft
    2023-11-01 0 days 1,923 sqft
    2023-12-01 0 days 1,925 sqft
    2024-01-01 0 days 1,882 sqft
    2024-02-01 0 days 1,836 sqft
    2024-03-01 0 days 1,920 sqft
    Hinesville's median listing age (time on market) for 2024-03-01 was 0 days.

    Hinesville's median square footage for active listings during the 2024-03-01 period was 1,920 sqft. One year prior, the average listing was 1,868 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).