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 6.6% for the week of 2024-07-19, compared to the national average (all FHA variants) of 6.59% for the same period.

Jefferson's average FHA mortgage closing costs are $8,837.

The average rate for the prior week (2024-07-12) was 6.25% and one month ago for the week of 2024-06-14, the average rate was 6.61%.

The average rate one year ago was 6.69%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.79%.

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

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.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
BROKER SOLUTIONS, INC. 93 6.24% $13,965
DHI MORTGAGE COMPANY, LTD. 54 5.35% $9,523
QUICKEN LOANS, LLC 46 6.40% $12,336
UNITED WHOLESALE MORTGAGE, LLC 40 6.40% $13,247
VICTORY MORTGAGE, L.L.C. 29 6.67% $9,745
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 6.79% $12,863
HOMESTAR FINANCIAL CORPORATION 25 6.35% $11,539
MOVEMENT MORTGAGE, LLC 22 6.49% $13,166
EVERETT FINANCIAL, INC. 20 7.11% $13,945
VANDERBILT MORTGAGE AND FINANCE, INC. 17 5.99% $14,548
NVR Mortgage Finance, Inc. 17 5.79% $13,831
First Option Mortgage, LLC 14 6.89% $14,980
AMERICAN FINANCIAL NETWORK, INC. 12 6.80% $12,862
SOUTHEAST MORTGAGE OF GEORGIA, INC. 12 6.24% $14,197
GUARANTEED RATE, INC. 11 6.51% $12,519
PENNYMAC LOAN SERVICES, LLC 10 6.14% $14,592
FREEDOM MORTGAGE CORPORATION 10 6.59% $13,938
Ameris Bank 10 6.16% $13,720
HOMEOWNERS FINANCIAL GROUP USA, LLC 8 6.53% $15,369
Paramount Residential Mortgage Group, Inc. 7 6.79% $12,125
US MORTGAGE CORPORATION 7 6.68% $16,473
ACADEMY MORTGAGE CORPORATION 7 6.64% $16,829
LOANDEPOT.COM, LLC 6 5.96% $12,317
CROSSCOUNTRY MORTGAGE, LLC 6 6.34% $14,262
Regions Bank 6 5.96% $13,592
GENEVA FINANCIAL, LLC 5 7.10% $16,180
STOCKTON MORTGAGE CORPORATION 5 6.63% $13,864
AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.63% $18,013
NEWREZ LLC 5 6.45% $14,094
AMERISAVE MORTGAGE CORPORATION 5 6.23% $19,508
Franklin Loan Corporation 4 6.66% $18,549
GUARANTEED RATE AFFINITY, LLC 4 6.43% $14,575
Renasant Bank 4 5.81% $14,607
Prosperity Home Mortgage, LLC 4 6.34% $11,842
MORTGAGE INVESTORS GROUP, INC. 4 6.72% $10,575
RELIANCE FIRST CAPITAL, LLC 4 6.34% $14,321
ZILLOW HOME LOANS, LLC 3 6.17% $12,496
Synovus Bank 3 6.54% $13,139
Flagstar Bank, FSB 3 7.42% $17,564
ACOPIA, LLC 3 7.00% $14,404
VILLAGE CAPITAL MORTGAGE 3 6.21% $15,758
United Community Bank 3 6.92% $13,335
UNION HOME MORTGAGE CORP. 2 7.13% $11,075
AMERICAN FINANCING CORPORATION 2 5.56% $19,268
CARDINAL FINANCIAL 2 7.00% $13,456
Carrington Mortgage Services, LLC 2 6.00% $18,526
Century Mortgage Company DBA Century Lending Company 2 6.00% $11,643
ENVOY MORTGAGE, LTD 2 6.75% $11,954
Equity Prime Mortgage LLC 2 6.06% $19,254
FIRST ALLIANCE HOME MORTGAGE, LLC 2 6.75% $21,552
FIRST COMMUNITY MORTGAGE, INC. 2 7.38% $9,568
ISERVE RESIDENTIAL LENDING, LLC 2 7.13% $14,376
LAKEVIEW LOAN SERVICING, LLC 2 5.87% $16,069
NBKC BANK 2 5.88% $12,857
NFM, INC. 2 7.06% $11,707
Plains Commerce Bank 2 5.75% $14,903
PLAZA HOME MORTGAGE, INC. 2 7.19% $16,298
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.50% $18,353
SUMMIT FUNDING, INC. 2 6.37% $18,924
SUN WEST MORTGAGE COMPANY, INC. 2 6.25% $11,793
VERITAS FUNDING, LLC 2 6.13% $18,686
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.75% $21,211
M&T Bank 1 6.13% $8,372
Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $12,975
Mortgage Research Center, LLC 1 7.50% $5,996
Mortgage Assurance Inc. 1 7.75% $11,289
LOANPAL, LLC 1 6.13% $15,569
Residential Mortgage Solutions, Inc. 1 6.63% $17,641
SANCTUARY HOME MORTGAGE LLC 1 6.75% $10,905
SHELTER HOME MORTGAGE, LLC 1 7.25% $10,388
HOMESTEAD FUNDING CORP. 1 5.75% $7,378
SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.13% $13,489
GUARANTY MORTGAGE SERVICES, L.L.C. 1 7.25% $13,076
V.I.P. MORTGAGE, INC. 1 7.63% $13,232
Wolfe Financial, Inc 1 6.88% $11,508
SWBC MORTGAGE CORPORATION 1 6.13% $8,090
COMMUNITY MORTGAGE CORPORATION 1 7.12% $19,163
T2 FINANCIAL LLC 1 8.13% $18,801
THRIVE MORTGAGE, LLC 1 6.63% $15,256
TOP FLITE FINANCIAL, INC. 1 7.25% $11,097
TOTAL MORTGAGE SERVICES, LLC 1 7.63% $27,010
Truist 1 6.13% $10,854
CityWorth Mortgage LLC 1 5.75% $28,313
Capital City Home Loans, LLC 1 6.25% $13,129
CALIBER HOME LOANS, INC. 1 7.63% $10,847
U.S. Bank 1 6.13% $12,282
BAY EQUITY LLC 1 7.25% $12,627
BANKSOUTH MORTGAGE COMPANY, LLC 1 6.50% $13,654
NMSI, INC. 1 6.25% $18,251
PANORAMA MORTGAGE GROUP, LLC 1 7.25% $13,677
NATIONS RELIABLE LENDING, LLC 1 6.75% $10,961
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $21,402
AMERICAN FINANCIAL RESOURCES, INC. 1 8.25% $11,739
Arvest Bank 1 6.25% $13,487

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. Louis
Date 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 $479,900 (6.7%) $572,081 (12.1%) 0.00 531
Jefferson's median listing price for 2024-06-01 was $479,900, a difference of $30,175 (6.7%) versus the prior year and $13,305 versus the prior month.

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

Jefferson's average listing price for 2024-06-01 was $572,081, a difference of $61,724 (12.1%) versus the prior year and $3,745 versus the prior month.

For the 2024-06-01 period, Jefferson had 531 MLS listings, a difference of 35 listings (7%) versus the prior month and 179 listings (51%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Jefferson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,591 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
Jefferson's median listing age (time on market) for 2024-06-01 was 0 days.

Jefferson's median square footage for active listings during the 2024-06-01 period was 2,562 sqft. One year prior, the average listing was 2,467 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).