Jefferson FHA Loan Rates, Closing Costs & Stats
Jefferson, 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.
Jefferson's 94 lenders originated 714 FHA loans during 2023. The total origination value was $229,120,000, with an average FHA loan value of $320,896.
Jefferson FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Jefferson
averaged
0.01%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Jefferson's average FHA mortgage closing costs are $8,837.
The average rate for the prior week (2024-11-22) was
6.4% and
one month ago for the week of 2024-10-25, the
average rate was 6.28%.
The average rate one year ago was 6.87%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.1%.
Jefferson 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 Jefferson level.
The top Jefferson FHA lender as defined by loan originations is BROKER SOLUTIONS, INC., with
93 FHA loans originated. Their average total fees are
$13,965, which is $4,443
higher than the next largest lender,
DHI MORTGAGE COMPANY, LTD..
The lowest fee Jefferson FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($9,523), VICTORY MORTGAGE, L.L.C. ($9,745), HOMESTAR FINANCIAL CORPORATION ($11,539), QUICKEN LOANS, LLC ($12,336) and GUARANTEED RATE, INC. ($12,519).
The lowest rate Jefferson FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.35%), NVR Mortgage Finance, Inc. (5.79%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.99%), PENNYMAC LOAN SERVICES, LLC (6.14%) and Ameris Bank (6.16%).
Jefferson FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
JEFFERSON, GA | JACKSON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
JEFFERSON, GA | JACKSON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Jefferson (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 | $270,785 (15.9%) | $317,585 (16.3%) | 0.00 | 527 |
2018-02-01 | $266,975 (11.6%) | $314,082 (11.1%) | 0.00 | 537 |
2018-03-01 | $274,015 (11.7%) | $320,083 (11.6%) | 0.00 | 474 |
2018-04-01 | $289,725 (16.4%) | $334,223 (15.5%) | 0.00 | 451 |
2018-05-01 | $294,804 (18.0%) | $342,368 (17.4%) | 0.00 | 426 |
2018-06-01 | $297,950 (16.3%) | $349,470 (17.4%) | 0.00 | 424 |
2018-07-01 | $285,149 (12.0%) | $342,215 (16.2%) | 0.00 | 465 |
2018-08-01 | $281,759 (10.5%) | $336,217 (12.1%) | 0.00 | 483 |
2018-09-01 | $284,923 (9.2%) | $334,585 (11.7%) | 0.00 | 492 |
2018-10-01 | $276,775 (5.4%) | $330,681 (9.5%) | 0.00 | 610 |
2018-11-01 | $276,305 (5.2%) | $328,058 (7.4%) | 0.00 | 609 |
2018-12-01 | $276,459 (4.6%) | $329,455 (6.0%) | 0.00 | 589 |
2019-01-01 | $279,900 (3.4%) | $331,487 (4.4%) | 0.00 | 544 |
2019-02-01 | $289,675 (8.5%) | $343,644 (9.4%) | 0.00 | 536 |
2019-03-01 | $282,976 (3.3%) | $329,579 (3.0%) | 0.00 | 603 |
2019-04-01 | $274,728 (-5.2%) | $309,977 (-7.3%) | 0.00 | 675 |
2019-05-01 | $274,795 (-6.8%) | $307,382 (-10.2%) | 0.00 | 628 |
2019-06-01 | $266,795 (-10.5%) | $307,822 (-11.9%) | 0.00 | 634 |
2019-07-01 | $268,751 (-5.8%) | $326,523 (-4.6%) | 0.00 | 630 |
2019-08-01 | $267,124 (-5.2%) | $317,909 (-5.5%) | 0.00 | 640 |
2019-09-01 | $265,960 (-6.7%) | $306,562 (-8.4%) | 0.00 | 620 |
2019-10-01 | $272,157 (-1.7%) | $317,676 (-3.9%) | 0.00 | 548 |
2019-11-01 | $279,925 (1.3%) | $332,605 (1.4%) | 0.00 | 459 |
2019-12-01 | $284,173 (2.8%) | $326,742 (-0.8%) | 0.00 | 428 |
2020-01-01 | $284,900 (1.8%) | $324,623 (-2.1%) | 0.00 | 405 |
2020-02-01 | $285,000 (-1.6%) | $331,838 (-3.4%) | 0.00 | 402 |
2020-03-01 | $283,743 (0.3%) | $330,596 (0.3%) | 0.00 | 379 |
2020-04-01 | $285,193 (3.8%) | $329,166 (6.2%) | 0.00 | 411 |
2020-05-01 | $289,990 (5.5%) | $338,131 (10.0%) | 0.00 | 407 |
2020-06-01 | $300,256 (12.5%) | $350,578 (13.9%) | 0.00 | 367 |
2020-07-01 | $301,327 (12.1%) | $355,146 (8.8%) | 0.00 | 357 |
2020-08-01 | $306,285 (14.7%) | $354,956 (11.7%) | 0.00 | 348 |
2020-09-01 | $315,164 (18.5%) | $360,969 (17.8%) | 0.00 | 311 |
2020-10-01 | $315,338 (15.9%) | $358,674 (12.9%) | 0.00 | 287 |
2020-11-01 | $313,204 (11.9%) | $368,775 (10.9%) | 0.00 | 264 |
2020-12-01 | $305,438 (7.5%) | $377,255 (15.5%) | 0.00 | 250 |
2021-01-01 | $303,823 (6.6%) | $379,587 (16.9%) | 0.00 | 217 |
2021-02-01 | $315,456 (10.7%) | $402,994 (21.4%) | 0.00 | 171 |
2021-03-01 | $320,725 (13.0%) | $418,543 (26.6%) | 0.00 | 141 |
2021-04-01 | $335,360 (17.6%) | $424,934 (29.1%) | 0.00 | 135 |
2021-05-01 | $352,500 (21.6%) | $438,764 (29.8%) | 0.00 | 130 |
2021-06-01 | $372,475 (24.1%) | $453,771 (29.4%) | 0.00 | 154 |
2021-07-01 | $379,950 (26.1%) | $470,921 (32.6%) | 0.00 | 169 |
2021-08-01 | $379,450 (23.9%) | $461,446 (30.0%) | 0.00 | 203 |
2021-09-01 | $404,111 (28.2%) | $478,092 (32.5%) | 0.00 | 234 |
2021-10-01 | $409,990 (30.0%) | $480,423 (33.9%) | 0.00 | 244 |
2021-11-01 | $423,366 (35.2%) | $483,047 (31.0%) | 0.00 | 237 |
2021-12-01 | $445,235 (45.8%) | $497,587 (31.9%) | 0.00 | 226 |
2022-01-01 | $471,995 (55.4%) | $527,877 (39.1%) | 0.00 | 165 |
2022-02-01 | $458,339 (45.3%) | $532,013 (32.0%) | 0.00 | 152 |
2022-03-01 | $471,185 (46.9%) | $543,778 (29.9%) | 0.00 | 152 |
2022-04-01 | $475,654 (41.8%) | $556,629 (31.0%) | 0.00 | 165 |
2022-05-01 | $487,495 (38.3%) | $567,489 (29.3%) | 0.00 | 214 |
2022-06-01 | $478,495 (28.5%) | $559,689 (23.3%) | 0.00 | 265 |
2022-07-01 | $474,829 (25.0%) | $555,571 (18.0%) | 0.00 | 352 |
2022-08-01 | $474,900 (25.2%) | $552,361 (19.7%) | 0.00 | 391 |
2022-09-01 | $472,664 (17.0%) | $535,658 (12.0%) | 0.00 | 428 |
2022-10-01 | $450,000 (9.8%) | $517,588 (7.7%) | 0.00 | 464 |
2022-11-01 | $444,613 (5.0%) | $523,506 (8.4%) | 0.00 | 457 |
2022-12-01 | $429,999 (-3.4%) | $525,351 (5.6%) | 0.00 | 436 |
2023-01-01 | $432,770 (-8.3%) | $529,425 (0.3%) | 0.00 | 389 |
2023-02-01 | $443,187 (-3.3%) | $527,337 (-0.9%) | 0.00 | 366 |
2023-03-01 | $446,848 (-5.2%) | $532,029 (-2.2%) | 0.00 | 353 |
2023-04-01 | $442,479 (-7.0%) | $524,800 (-5.7%) | 0.00 | 355 |
2023-05-01 | $446,887 (-8.3%) | $532,338 (-6.2%) | 0.00 | 345 |
2023-06-01 | $449,725 (-6.0%) | $510,357 (-8.8%) | 0.00 | 352 |
2023-07-01 | $449,973 (-5.2%) | $514,114 (-7.5%) | 0.00 | 356 |
2023-08-01 | $447,627 (-5.7%) | $508,992 (-7.9%) | 0.00 | 364 |
2023-09-01 | $448,710 (-5.1%) | $496,452 (-7.3%) | 0.00 | 374 |
2023-10-01 | $442,122 (-1.8%) | $504,232 (-2.6%) | 0.00 | 405 |
2023-11-01 | $446,302 (0.4%) | $515,205 (-1.6%) | 0.00 | 416 |
2023-12-01 | $444,345 (3.3%) | $519,169 (-1.2%) | 0.00 | 410 |
2024-01-01 | $447,327 (3.4%) | $528,459 (-0.2%) | 0.00 | 383 |
2024-02-01 | $444,262 (0.2%) | $531,754 (0.8%) | 0.00 | 390 |
2024-03-01 | $440,000 (-1.5%) | $536,062 (0.8%) | 0.00 | 407 |
2024-04-01 | $445,690 (0.7%) | $551,975 (5.2%) | 0.00 | 439 |
2024-05-01 | $466,595 (4.4%) | $568,336 (6.8%) | 0.00 | 496 |
2024-06-01 | $474,900 (5.6%) | $565,702 (10.8%) | 0.00 | 531 |
2024-07-01 | $475,000 (5.6%) | $568,941 (10.7%) | 0.00 | 562 |
2024-08-01 | $474,168 (5.9%) | $578,655 (13.7%) | 0.00 | 580 |
2024-09-01 | $468,101 (4.3%) | $575,882 (16.0%) | 0.00 | 619 |
2024-10-01 | $464,973 (5.2%) | $575,616 (14.2%) | 0.00 | 640 |
Jefferson's median listing price comes in at 0% of the national average.
Jefferson's average listing price for 2024-10-01 was $575,616, a difference of $71,384 (14.2%) versus the prior year and $-266 versus the prior month.
For the 2024-10-01 period, Jefferson had 640 MLS listings, a difference of 21 listings (3%) versus the prior month and 235 listings (58%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Jefferson (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,591 sqft |
2018-02-01 | 0 days | 2,577 sqft |
2018-03-01 | 0 days | 2,549 sqft |
2018-04-01 | 0 days | 2,582 sqft |
2018-05-01 | 0 days | 2,576 sqft |
2018-06-01 | 0 days | 2,587 sqft |
2018-07-01 | 0 days | 2,569 sqft |
2018-08-01 | 0 days | 2,529 sqft |
2018-09-01 | 0 days | 2,580 sqft |
2018-10-01 | 0 days | 2,536 sqft |
2018-11-01 | 0 days | 2,548 sqft |
2018-12-01 | 0 days | 2,545 sqft |
2019-01-01 | 0 days | 2,580 sqft |
2019-02-01 | 0 days | 2,602 sqft |
2019-03-01 | 0 days | 2,605 sqft |
2019-04-01 | 0 days | 2,584 sqft |
2019-05-01 | 0 days | 2,602 sqft |
2019-06-01 | 0 days | 2,580 sqft |
2019-07-01 | 0 days | 2,584 sqft |
2019-08-01 | 0 days | 2,573 sqft |
2019-09-01 | 0 days | 2,551 sqft |
2019-10-01 | 0 days | 2,518 sqft |
2019-11-01 | 0 days | 2,511 sqft |
2019-12-01 | 0 days | 2,501 sqft |
2020-01-01 | 0 days | 2,504 sqft |
2020-02-01 | 0 days | 2,501 sqft |
2020-03-01 | 0 days | 2,500 sqft |
2020-04-01 | 0 days | 2,497 sqft |
2020-05-01 | 0 days | 2,493 sqft |
2020-06-01 | 0 days | 2,508 sqft |
2020-07-01 | 0 days | 2,536 sqft |
2020-08-01 | 0 days | 2,550 sqft |
2020-09-01 | 0 days | 2,560 sqft |
2020-10-01 | 0 days | 2,500 sqft |
2020-11-01 | 0 days | 2,506 sqft |
2020-12-01 | 0 days | 2,500 sqft |
2021-01-01 | 0 days | 2,500 sqft |
2021-02-01 | 0 days | 2,390 sqft |
2021-03-01 | 0 days | 2,445 sqft |
2021-04-01 | 0 days | 2,392 sqft |
2021-05-01 | 0 days | 2,384 sqft |
2021-06-01 | 0 days | 2,390 sqft |
2021-07-01 | 0 days | 2,366 sqft |
2021-08-01 | 0 days | 2,466 sqft |
2021-09-01 | 0 days | 2,562 sqft |
2021-10-01 | 0 days | 2,543 sqft |
2021-11-01 | 0 days | 2,648 sqft |
2021-12-01 | 0 days | 2,711 sqft |
2022-01-01 | 0 days | 2,688 sqft |
2022-02-01 | 0 days | 2,582 sqft |
2022-03-01 | 0 days | 2,617 sqft |
2022-04-01 | 0 days | 2,504 sqft |
2022-05-01 | 0 days | 2,490 sqft |
2022-06-01 | 0 days | 2,562 sqft |
2022-07-01 | 0 days | 2,508 sqft |
2022-08-01 | 0 days | 2,488 sqft |
2022-09-01 | 0 days | 2,488 sqft |
2022-10-01 | 0 days | 2,436 sqft |
2022-11-01 | 0 days | 2,479 sqft |
2022-12-01 | 0 days | 2,432 sqft |
2023-01-01 | 0 days | 2,443 sqft |
2023-02-01 | 0 days | 2,471 sqft |
2023-03-01 | 0 days | 2,467 sqft |
2023-04-01 | 0 days | 2,462 sqft |
2023-05-01 | 0 days | 2,465 sqft |
2023-06-01 | 0 days | 2,467 sqft |
2023-07-01 | 0 days | 2,500 sqft |
2023-08-01 | 0 days | 2,499 sqft |
2023-09-01 | 0 days | 2,445 sqft |
2023-10-01 | 0 days | 2,444 sqft |
2023-11-01 | 0 days | 2,448 sqft |
2023-12-01 | 0 days | 2,442 sqft |
2024-01-01 | 0 days | 2,494 sqft |
2024-02-01 | 0 days | 2,456 sqft |
2024-03-01 | 0 days | 2,498 sqft |
2024-04-01 | 0 days | 2,499 sqft |
2024-05-01 | 0 days | 2,551 sqft |
2024-06-01 | 0 days | 2,562 sqft |
2024-07-01 | 0 days | 2,551 sqft |
2024-08-01 | 0 days | 2,520 sqft |
2024-09-01 | 0 days | 2,497 sqft |
2024-10-01 | 0 days | 2,493 sqft |
Jefferson's median square footage for active listings during the 2024-10-01 period was 2,493 sqft. One year prior, the average listing was 2,444 sqft.