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 102 lenders originated 832 FHA loans during 2021. The total origination value was $199,920,000, with an average FHA loan value of $240,288.

Jefferson FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Jefferson averaged 6.31% for the week of 2022-12-02, compared to the national average (all FHA variants) of 6.466% for the same period.

Jefferson's average FHA mortgage closing costs are $7,266.

The average rate for the prior week (2022-11-25) was 6.42% and one month ago for the week of 2022-10-28, the average rate was 6.96%.

The average rate one year ago was 3.3%.

For refis of the same type during the week of 2022-12-02, the average rate was 5.99%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 83 2.83% $7,584
HOMESTAR FINANCIAL CORPORATION 74 3.17% $7,096
QUICKEN LOANS, LLC 66 2.70% $6,622
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 40 3.17% $8,735
LAKEVIEW LOAN SERVICING, LLC 33 2.99% $4,825
BROKER SOLUTIONS, INC. 30 3.45% $8,884
AMERICAN FINANCIAL NETWORK, INC. 28 3.21% $12,560
PENNYMAC LOAN SERVICES, LLC 28 3.10% $4,992
Mr. Cooper ( Nationstar Mortgage ) 25 3.36% $3,640
FREEDOM MORTGAGE CORPORATION 25 2.83% $5,096
INSPIRE HOME LOANS INC. 23 3.03% $9,056
VANDERBILT MORTGAGE AND FINANCE, INC. 15 2.82% $9,766
MOVEMENT MORTGAGE, LLC 15 3.33% $7,276
GUARANTEED RATE, INC. 13 3.20% $8,634
US MORTGAGE CORPORATION 11 3.47% $10,383
UNITED WHOLESALE MORTGAGE, LLC 11 2.87% $7,883
NEWREZ LLC 11 3.12% $4,510
HOMEOWNERS FINANCIAL GROUP USA, LLC 9 3.39% $10,562
CALIBER HOME LOANS, INC. 9 2.76% $8,326
ACOPIA, LLC 9 3.29% $8,791
SOUTHEAST MORTGAGE OF GEORGIA, INC. 9 3.25% $12,060
AMERISAVE MORTGAGE CORPORATION 8 3.03% $9,169
EAGLE HOME MORTGAGE, LLC 8 3.20% $9,399
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 8 3.05% $9,230
AmeriHome Mortgage Company, LLC 8 2.80% $6,049
VILLAGE CAPITAL MORTGAGE 8 2.92% $2,139
Synovus Bank 6 2.77% $7,900
ISERVE RESIDENTIAL LENDING, LLC 5 3.30% $12,193
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 3.08% $7,375
BANKSOUTH MORTGAGE COMPANY, LLC 5 2.55% $8,887
Capital City Home Loans, LLC 4 2.91% $8,772
Ameris Bank 4 3.09% $8,823
Carrington Mortgage Services, LLC 4 3.41% $6,945
MILEND, INC. 4 2.88% $8,432
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.40% $9,542
Regions Bank 4 2.91% $8,793
STOCKTON MORTGAGE CORPORATION 4 3.47% $9,342
THE MORTGAGE FIRM, INC. 3 3.35% $10,966
CMG MORTGAGE, INC. 3 3.67% $9,560
DAS Acquisition Company, LLC 3 3.08% $8,160
FBC MORTGAGE, LLC 3 2.79% $5,665
LOANDEPOT.COM, LLC 3 3.24% $8,492
EVERETT FINANCIAL, INC. 3 3.71% $6,448
CERTAINTY HOME LOANS, LLC 3 2.91% $8,615
PLANET HOME LENDING, LLC 3 2.67% $4,765
Prosperity Home Mortgage, LLC 3 3.13% $8,679
HOMESIDE FINANCIAL, LLC 2 2.63% $8,454
Nations Lending Corporation 2 3.44% $13,301
NATIONWIDE MORTGAGE BANKERS, INC. 2 3.06% $11,729
Magnolia Bank 2 2.81% $9,454
CALCON MUTUAL MORTGAGE LLC 2 3.75% $7,375
Paramount Residential Mortgage Group, Inc. 2 3.06% $9,417
CROSSCOUNTRY MORTGAGE, LLC 2 3.25% $12,345
InterContinental Capital Group, Inc 2 2.63% $12,171
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 4.38% $11,677
RADIUS FINANCIAL GROUP INC. 2 2.87% $8,385
MID AMERICA MORTGAGE, INC. 2 2.94% $3,547
First Federal Bank 2 3.25% $9,834
SHELTER HOME MORTGAGE, LLC 2 3.06% $9,173
Lakeview Community Capital, LLC 2 2.81% $5,204
SOUTHPOINT FINANCIAL SERVICES, INC. 2 2.62% $13,268
Equity Prime Mortgage LLC 2 3.50% $10,891
LENOX FINANCIAL MORTGAGE CORPORATION 2 2.69% $9,065
Cf Bank 1 3.25% $5,444
South State Bank 1 2.88% $9,552
SOVEREIGN LENDING GROUP INCORPORATED 1 2.75% $8,541
Amerifirst Financial, Inc. 1 3.25% $14,011
SUCCESS MORTGAGE PARTNERS, INC. 1 4.00% $7,454
The Federal Savings Bank 1 2.88% $11,241
TOP FLITE FINANCIAL, INC. 1 3.25% $10,358
Truist 1 3.13% $9,073
UNION CAPITAL MORTGAGE CORPORATION 1 3.25% $10,591
Flagstar Bank, FSB 1 2.25% $6,722
FLAT BRANCH MORTGAGE, INC. 1 3.63% $8,058
First Option Mortgage, LLC 1 3.13% $9,187
GUARANTEED RATE AFFINITY, LLC 1 3.00% $10,949
GENEVA FINANCIAL, LLC 1 3.13% $8,278
First Home Bank 1 3.50% $5,468
GUARANTY HOME MORTGAGE CORPORATION 1 2.63% $8,605
GUILD MORTGAGE COMPANY 1 2.88% $6,364
First Guaranty Mortgage Corporation 1 2.88% $6,008
HOME POINT FINANCIAL CORPORATION 1 2.50% $7,915
HOMESPIRE MORTGAGE CORPORATION 1 3.00% $9,234
FIRST COMMUNITY MORTGAGE, INC. 1 3.25% $9,783
Hometown Equity Mortgage, LLC 1 3.13% $7,135
FINANCE OF AMERICA MORTGAGE LLC 1 2.50% $13,368
Ixonia Bank 1 3.00% $11,584
LOANPAL, LLC 1 3.00% $9,648
MEMBER FIRST MORTGAGE, LLC 1 2.50% $6,643
MIDLAND MORTGAGE CORPORATION 1 3.00% $7,674
Atlantic Coast Mortgage, LLC 1 2.38% $5,779
MORTGAGE INVESTORS GROUP, INC. 1 3.50% $8,272
Mortgage Research Center, LLC 1 2.88% $4,049
DIRECT LENDERS, LLC 1 3.63% $11,017
M&T Bank 1 3.50% $8,721
NATIONS DIRECT MORTGAGE, LLC 1 2.50% $10,629
PANORAMA MORTGAGE GROUP, LLC 1 4.63% $13,772
ANGEL OAK HOME LOANS LLC 1 3.25% $11,054
VICTORY MORTGAGE, L.L.C. 1 2.50% $8,149
RELIANCE FIRST CAPITAL, LLC 1 2.88% $15,945
Residential Mortgage Solutions, Inc. 1 2.75% $9,031
SIRVA MORTGAGE, INC. 1 2.38% $4,900

The top Jefferson FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 83 FHA loans originated. Their average total fees are $7,584, which is $488 higher than the next largest lender, HOMESTAR FINANCIAL CORPORATION.

The lowest fee Jefferson FHA lenders (with over 10 loans originated) are Mr. Cooper ( Nationstar Mortgage ) ($3,640), NEWREZ LLC ($4,510), LAKEVIEW LOAN SERVICING, LLC ($4,825), PENNYMAC LOAN SERVICES, LLC ($4,992) and FREEDOM MORTGAGE CORPORATION ($5,096).

The lowest rate Jefferson FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.70%), VANDERBILT MORTGAGE AND FINANCE, INC. (2.82%), FREEDOM MORTGAGE CORPORATION (2.83%), DHI MORTGAGE COMPANY, LTD. (2.83%) and UNITED WHOLESALE MORTGAGE, LLC (2.87%).

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

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 (15.7%) $317,584 (16.3%) 0.00 529
2018-02-01 $266,975 (11.6%) $314,094 (11.1%) 0.00 539
2018-03-01 $274,015 (11.7%) $320,073 (11.6%) 0.00 476
2018-04-01 $289,725 (16.4%) $334,151 (15.5%) 0.00 453
2018-05-01 $294,708 (17.9%) $342,119 (17.3%) 0.00 427
2018-06-01 $296,475 (15.8%) $349,206 (17.3%) 0.00 426
2018-07-01 $285,149 (12.0%) $342,046 (16.2%) 0.00 467
2018-08-01 $282,215 (10.7%) $336,306 (12.2%) 0.00 486
2018-09-01 $284,962 (9.4%) $334,684 (11.8%) 0.00 495
2018-10-01 $276,711 (5.4%) $330,548 (9.5%) 0.00 613
2018-11-01 $276,189 (5.2%) $327,608 (7.4%) 0.00 613
2018-12-01 $275,558 (4.3%) $328,855 (5.8%) 0.00 593
2019-01-01 $279,723 (3.3%) $330,739 (4.1%) 0.00 546
2019-02-01 $289,000 (8.3%) $342,721 (9.1%) 0.00 538
2019-03-01 $282,188 (3.0%) $328,625 (2.7%) 0.00 606
2019-04-01 $274,080 (-5.4%) $308,320 (-7.7%) 0.00 679
2019-05-01 $274,714 (-6.8%) $306,965 (-10.3%) 0.00 631
2019-06-01 $266,335 (-10.2%) $306,951 (-12.1%) 0.00 640
2019-07-01 $268,785 (-5.7%) $325,731 (-4.8%) 0.00 637
2019-08-01 $267,355 (-5.3%) $317,230 (-5.7%) 0.00 648
2019-09-01 $266,536 (-6.5%) $306,329 (-8.5%) 0.00 628
2019-10-01 $272,991 (-1.3%) $317,830 (-3.9%) 0.00 555
2019-11-01 $280,759 (1.7%) $332,545 (1.5%) 0.00 463
2019-12-01 $284,643 (3.3%) $326,519 (-0.7%) 0.00 432
2020-01-01 $284,925 (1.9%) $324,561 (-1.9%) 0.00 410
2020-02-01 $285,000 (-1.4%) $331,481 (-3.3%) 0.00 405
2020-03-01 $283,743 (0.6%) $330,154 (0.5%) 0.00 382
2020-04-01 $285,659 (4.2%) $328,863 (6.7%) 0.00 414
2020-05-01 $290,000 (5.6%) $338,011 (10.1%) 0.00 411
2020-06-01 $300,256 (12.7%) $350,333 (14.1%) 0.00 371
2020-07-01 $301,567 (12.2%) $354,860 (8.9%) 0.00 362
2020-08-01 $306,670 (14.7%) $354,658 (11.8%) 0.00 352
2020-09-01 $315,093 (18.2%) $360,339 (17.6%) 0.00 314
2020-10-01 $315,185 (15.5%) $358,024 (12.7%) 0.00 290
2020-11-01 $313,009 (11.5%) $368,219 (10.7%) 0.00 266
2020-12-01 $305,400 (7.3%) $374,412 (14.7%) 0.00 252
2021-01-01 $301,625 (5.9%) $375,989 (15.9%) 0.00 217
2021-02-01 $314,581 (10.4%) $399,207 (20.4%) 0.00 173
2021-03-01 $317,813 (12.0%) $414,313 (25.5%) 0.00 143
2021-04-01 $332,500 (16.4%) $419,295 (27.5%) 0.00 137
2021-05-01 $349,950 (20.7%) $433,205 (28.2%) 0.00 132
2021-06-01 $370,000 (23.2%) $450,357 (28.6%) 0.00 156
2021-07-01 $379,900 (26.0%) $469,334 (32.3%) 0.00 173
2021-08-01 $379,450 (23.7%) $461,084 (30.0%) 0.00 207
2021-09-01 $401,518 (27.4%) $475,641 (32.0%) 0.00 238
2021-10-01 $407,154 (29.2%) $477,530 (33.4%) 0.00 247
2021-11-01 $421,707 (34.7%) $479,585 (30.2%) 0.00 241
2021-12-01 $444,990 (45.7%) $493,783 (31.9%) 0.00 230
2022-01-01 $467,495 (55.0%) $525,391 (39.7%) 0.00 168
2022-02-01 $456,810 (45.2%) $528,209 (32.3%) 0.00 155
2022-03-01 $465,840 (46.6%) $539,720 (30.3%) 0.00 154
2022-04-01 $475,000 (42.9%) $555,166 (32.4%) 0.00 167
2022-05-01 $487,340 (39.3%) $564,608 (30.3%) 0.00 216
2022-06-01 $476,009 (28.7%) $557,464 (23.8%) 0.00 268
2022-07-01 $470,146 (23.8%) $554,303 (18.1%) 0.00 353
2022-08-01 $470,037 (23.9%) $549,136 (19.1%) 0.00 395
2022-09-01 $471,725 (17.5%) $533,605 (12.2%) 0.00 430
2022-10-01 $450,000 (10.5%) $516,050 (8.1%) 0.00 469
2022-11-01 $439,975 (4.3%) $521,789 (8.8%) 0.00 460
Jefferson's median listing price for 2022-11-01 was $439,975, a difference of $18,268 (4.3%) versus the prior year and $-10,025 versus the prior month.

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

Jefferson's average listing price for 2022-11-01 was $521,789, a difference of $42,204 (8.8%) versus the prior year and $5,739 versus the prior month.

For the 2022-11-01 period, Jefferson had 460 MLS listings, a difference of -9 listings (-2%) versus the prior month and 219 listings (91%) 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 2,586 sqft
2018-02-01 0 days 2,579 sqft
2018-03-01 0 days 2,550 sqft
2018-04-01 0 days 2,580 sqft
2018-05-01 0 days 2,565 sqft
2018-06-01 0 days 2,580 sqft
2018-07-01 0 days 2,570 sqft
2018-08-01 0 days 2,538 sqft
2018-09-01 0 days 2,580 sqft
2018-10-01 0 days 2,554 sqft
2018-11-01 0 days 2,541 sqft
2018-12-01 0 days 2,525 sqft
2019-01-01 0 days 2,580 sqft
2019-02-01 0 days 2,596 sqft
2019-03-01 0 days 2,583 sqft
2019-04-01 0 days 2,550 sqft
2019-05-01 0 days 2,581 sqft
2019-06-01 0 days 2,563 sqft
2019-07-01 0 days 2,559 sqft
2019-08-01 0 days 2,561 sqft
2019-09-01 0 days 2,534 sqft
2019-10-01 0 days 2,511 sqft
2019-11-01 0 days 2,515 sqft
2019-12-01 0 days 2,505 sqft
2020-01-01 0 days 2,514 sqft
2020-02-01 0 days 2,504 sqft
2020-03-01 0 days 2,500 sqft
2020-04-01 0 days 2,498 sqft
2020-05-01 0 days 2,493 sqft
2020-06-01 0 days 2,506 sqft
2020-07-01 0 days 2,539 sqft
2020-08-01 0 days 2,550 sqft
2020-09-01 0 days 2,561 sqft
2020-10-01 0 days 2,508 sqft
2020-11-01 0 days 2,505 sqft
2020-12-01 0 days 2,476 sqft
2021-01-01 0 days 2,500 sqft
2021-02-01 0 days 2,383 sqft
2021-03-01 0 days 2,467 sqft
2021-04-01 0 days 2,394 sqft
2021-05-01 0 days 2,378 sqft
2021-06-01 0 days 2,386 sqft
2021-07-01 0 days 2,366 sqft
2021-08-01 0 days 2,506 sqft
2021-09-01 0 days 2,555 sqft
2021-10-01 0 days 2,533 sqft
2021-11-01 0 days 2,639 sqft
2021-12-01 0 days 2,700 sqft
2022-01-01 0 days 2,695 sqft
2022-02-01 0 days 2,590 sqft
2022-03-01 0 days 2,606 sqft
2022-04-01 0 days 2,504 sqft
2022-05-01 0 days 2,486 sqft
2022-06-01 0 days 2,562 sqft
2022-07-01 0 days 2,508 sqft
2022-08-01 0 days 2,486 sqft
2022-09-01 0 days 2,487 sqft
2022-10-01 0 days 2,432 sqft
2022-11-01 0 days 2,474 sqft
Jefferson's median listing age (time on market) for 2022-11-01 was 0 days.

Jefferson's median square footage for active listings during the 2022-11-01 period was 2,474 sqft. One year prior, the average listing was 2,639 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).