Johnson City FHA Loan Rates, Closing Costs & Stats
JOHNSON CITY, TN
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.
Johnson City's 71 lenders originated 442 FHA loans during 2023. The total origination value was $130,940,000, with an average FHA loan value of $296,244.
Johnson City FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Johnson City
averaged
0.05%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Johnson City's average FHA mortgage closing costs are $7,242.
The average rate for the prior week (2024-11-22) was
6.44% and
one month ago for the week of 2024-10-25, the
average rate was 6.52%.
The average rate one year ago was 7.01%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.34%.
Johnson City 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 Johnson City level.
The top Johnson City FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
47 FHA loans originated. Their average total fees are
$10,975, which is $1,920
higher than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Johnson City FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($6,928), MORTGAGE INVESTORS GROUP, INC. ($8,406), Bank of Tennessee ($8,497), ALAMEDA MORTGAGE CORPORATION ($8,959) and MOVEMENT MORTGAGE, LLC ($9,055).
The lowest rate Johnson City FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.90%), PENNYMAC LOAN SERVICES, LLC (6.13%), MORTGAGE INVESTORS GROUP, INC. (6.32%), GVC MORTGAGE, INC. (6.32%) and QUICKEN LOANS, LLC (6.33%).
Johnson City FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
JOHNSON CITY, TN | CARTER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
JOHNSON CITY, TN | UNICOI | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
JOHNSON CITY, TN | WASHINGTON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
JOHNSON CITY, TN | CARTER | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
JOHNSON CITY, TN | UNICOI | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
JOHNSON CITY, TN | WASHINGTON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Johnson City (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 | $202,500 (6.6%) | $276,404 (6.1%) | 0.75 | 775 |
2018-02-01 | $209,900 (10.7%) | $275,206 (4.2%) | 0.76 | 740 |
2018-03-01 | $215,000 (13.5%) | $284,373 (8.4%) | 0.75 | 752 |
2018-04-01 | $219,925 (11.8%) | $292,277 (8.9%) | 0.75 | 747 |
2018-05-01 | $229,900 (15.5%) | $299,129 (10.4%) | 0.77 | 753 |
2018-06-01 | $229,900 (15.6%) | $297,072 (10.7%) | 0.77 | 818 |
2018-07-01 | $222,443 (11.8%) | $292,799 (8.8%) | 0.74 | 840 |
2018-08-01 | $220,925 (10.6%) | $290,435 (8.7%) | 0.74 | 855 |
2018-09-01 | $219,900 (10.0%) | $287,225 (6.8%) | 0.74 | 894 |
2018-10-01 | $217,250 (6.0%) | $279,934 (2.0%) | 0.74 | 895 |
2018-11-01 | $210,000 (4.4%) | $275,903 (3.3%) | 0.71 | 902 |
2018-12-01 | $199,900 (-2.5%) | $267,680 (-2.5%) | 0.69 | 857 |
2019-01-01 | $199,425 (-1.5%) | $267,410 (-3.3%) | 0.69 | 792 |
2019-02-01 | $189,925 (-9.5%) | $264,487 (-3.9%) | 0.64 | 790 |
2019-03-01 | $204,943 (-4.7%) | $282,654 (-0.6%) | 0.67 | 709 |
2019-04-01 | $226,750 (3.1%) | $304,817 (4.3%) | 0.72 | 620 |
2019-05-01 | $237,375 (3.3%) | $315,918 (5.6%) | 0.74 | 635 |
2019-06-01 | $239,900 (4.4%) | $322,187 (8.5%) | 0.75 | 630 |
2019-07-01 | $239,924 (7.9%) | $319,088 (9.0%) | 0.75 | 656 |
2019-08-01 | $239,791 (8.5%) | $315,530 (8.6%) | 0.76 | 668 |
2019-09-01 | $239,627 (9.0%) | $315,885 (10.0%) | 0.77 | 674 |
2019-10-01 | $242,218 (11.5%) | $318,283 (13.7%) | 0.78 | 673 |
2019-11-01 | $239,900 (14.2%) | $319,519 (15.8%) | 0.79 | 643 |
2019-12-01 | $236,450 (18.3%) | $317,537 (18.6%) | 0.79 | 590 |
2020-01-01 | $244,375 (22.5%) | $323,831 (21.1%) | 0.82 | 535 |
2020-02-01 | $249,900 (31.6%) | $331,980 (25.5%) | 0.82 | 493 |
2020-03-01 | $251,724 (22.8%) | $338,847 (19.9%) | 0.79 | 456 |
2020-04-01 | $264,450 (16.6%) | $340,981 (11.9%) | 0.83 | 412 |
2020-05-01 | $279,700 (17.8%) | $352,209 (11.5%) | 0.85 | 384 |
2020-06-01 | $272,000 (13.4%) | $351,541 (9.1%) | 0.80 | 354 |
2020-07-01 | $269,800 (12.5%) | $373,121 (16.9%) | 0.78 | 341 |
2020-08-01 | $286,000 (19.3%) | $400,147 (26.8%) | 0.82 | 327 |
2020-09-01 | $290,250 (21.1%) | $412,495 (30.6%) | 0.83 | 316 |
2020-10-01 | $284,950 (17.6%) | $403,079 (26.6%) | 0.82 | 332 |
2020-11-01 | $277,425 (15.6%) | $411,904 (28.9%) | 0.81 | 295 |
2020-12-01 | $282,425 (19.4%) | $409,371 (28.9%) | 0.84 | 282 |
2021-01-01 | $278,700 (14.1%) | $406,024 (25.4%) | 0.83 | 232 |
2021-02-01 | $277,225 (10.9%) | $427,785 (28.9%) | 0.81 | 175 |
2021-03-01 | $299,900 (19.1%) | $480,872 (41.9%) | 0.85 | 158 |
2021-04-01 | $319,675 (20.9%) | $481,930 (41.3%) | 0.87 | 166 |
2021-05-01 | $324,950 (16.2%) | $476,422 (35.3%) | 0.86 | 177 |
2021-06-01 | $299,900 (10.3%) | $427,434 (21.6%) | 0.79 | 204 |
2021-07-01 | $277,450 (2.8%) | $417,942 (12.0%) | 0.73 | 206 |
2021-08-01 | $304,925 (6.6%) | $460,877 (15.2%) | 0.81 | 250 |
2021-09-01 | $303,675 (4.6%) | $475,199 (15.2%) | 0.81 | 247 |
2021-10-01 | $310,000 (8.8%) | $446,457 (10.8%) | 0.83 | 285 |
2021-11-01 | $310,000 (11.7%) | $469,224 (13.9%) | 0.83 | 236 |
2021-12-01 | $315,000 (11.5%) | $486,439 (18.8%) | 0.85 | 194 |
2022-01-01 | $324,900 (16.6%) | $499,382 (23.0%) | 0.88 | 145 |
2022-02-01 | $373,675 (34.8%) | $543,400 (27.0%) | 0.97 | 121 |
2022-03-01 | $346,175 (15.4%) | $502,383 (4.5%) | 0.87 | 143 |
2022-04-01 | $350,000 (9.5%) | $520,505 (8.0%) | 0.83 | 153 |
2022-05-01 | $350,000 (7.7%) | $495,391 (4.0%) | 0.80 | 190 |
2022-06-01 | $350,000 (16.7%) | $488,773 (14.4%) | 0.78 | 216 |
2022-07-01 | $360,000 (29.8%) | $489,205 (17.1%) | 0.81 | 271 |
2022-08-01 | $384,250 (26.0%) | $559,765 (21.5%) | 0.89 | 277 |
2022-09-01 | $379,450 (25.0%) | $540,810 (13.8%) | 0.89 | 281 |
2022-10-01 | $380,000 (22.6%) | $522,865 (17.1%) | 0.89 | 318 |
2022-11-01 | $362,450 (16.9%) | $497,653 (6.1%) | 0.87 | 330 |
2022-12-01 | $379,950 (20.6%) | $500,552 (2.9%) | 0.94 | 289 |
2023-01-01 | $388,675 (19.6%) | $487,606 (-2.4%) | 0.96 | 275 |
2023-02-01 | $399,350 (6.9%) | $487,990 (-10.2%) | 0.96 | 245 |
2023-03-01 | $412,500 (19.2%) | $500,449 (-0.4%) | 0.97 | 243 |
2023-04-01 | $410,000 (17.1%) | $491,964 (-5.5%) | 0.95 | 264 |
2023-05-01 | $429,900 (22.8%) | $545,793 (10.2%) | 0.97 | 250 |
2023-06-01 | $422,473 (20.7%) | $505,286 (3.4%) | 0.95 | 260 |
2023-07-01 | $415,000 (15.3%) | $524,712 (7.3%) | 0.94 | 257 |
2023-08-01 | $417,439 (8.6%) | $522,899 (-6.6%) | 0.96 | 276 |
2023-09-01 | $424,950 (12.0%) | $523,783 (-3.2%) | 0.99 | 298 |
2023-10-01 | $394,675 (3.9%) | $508,930 (-2.7%) | 0.93 | 358 |
2023-11-01 | $373,750 (3.1%) | $481,471 (-3.3%) | 0.89 | 389 |
2023-12-01 | $369,650 (-2.7%) | $476,072 (-4.9%) | 0.90 | 390 |
2024-01-01 | $367,450 (-5.5%) | $481,845 (-1.2%) | 0.90 | 359 |
2024-02-01 | $357,450 (-10.5%) | $481,962 (-1.2%) | 0.86 | 325 |
2024-03-01 | $376,950 (-8.6%) | $496,178 (-0.9%) | 0.89 | 342 |
2024-04-01 | $379,430 (-7.5%) | $512,653 (4.2%) | 0.88 | 333 |
2024-05-01 | $386,950 (-10.0%) | $525,984 (-3.6%) | 0.87 | 344 |
2024-06-01 | $369,000 (-12.7%) | $494,904 (-2.1%) | 0.83 | 397 |
2024-07-01 | $360,650 (-13.1%) | $478,737 (-8.8%) | 0.82 | 452 |
2024-08-01 | $369,900 (-11.4%) | $482,173 (-7.8%) | 0.86 | 474 |
2024-09-01 | $379,950 (-10.6%) | $491,020 (-6.3%) | 0.89 | 506 |
2024-10-01 | $374,850 (-5.0%) | $488,797 (-4.0%) | 0.88 | 543 |
Johnson City's median listing price comes in at 88% of the national average.
Johnson City's average listing price for 2024-10-01 was $488,797, a difference of $-20,133 (-4.0%) versus the prior year and $-2,223 versus the prior month.
For the 2024-10-01 period, Johnson City had 543 MLS listings, a difference of 37 listings (7%) versus the prior month and 185 listings (52%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Johnson City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 94 days | 2,009 sqft |
2018-02-01 | 88 days | 1,996 sqft |
2018-03-01 | 67 days | 2,000 sqft |
2018-04-01 | 65 days | 2,029 sqft |
2018-05-01 | 61 days | 2,070 sqft |
2018-06-01 | 54 days | 2,113 sqft |
2018-07-01 | 61 days | 2,125 sqft |
2018-08-01 | 66 days | 2,050 sqft |
2018-09-01 | 65 days | 2,050 sqft |
2018-10-01 | 72 days | 2,036 sqft |
2018-11-01 | 74 days | 1,933 sqft |
2018-12-01 | 87 days | 1,944 sqft |
2019-01-01 | 93 days | 1,837 sqft |
2019-02-01 | 93 days | 1,845 sqft |
2019-03-01 | 76 days | 1,966 sqft |
2019-04-01 | 57 days | 2,087 sqft |
2019-05-01 | 51 days | 2,132 sqft |
2019-06-01 | 58 days | 2,129 sqft |
2019-07-01 | 62 days | 2,130 sqft |
2019-08-01 | 58 days | 2,120 sqft |
2019-09-01 | 60 days | 2,109 sqft |
2019-10-01 | 63 days | 2,117 sqft |
2019-11-01 | 67 days | 2,149 sqft |
2019-12-01 | 79 days | 2,101 sqft |
2020-01-01 | 93 days | 2,118 sqft |
2020-02-01 | 88 days | 2,053 sqft |
2020-03-01 | 59 days | 2,028 sqft |
2020-04-01 | 56 days | 2,040 sqft |
2020-05-01 | 65 days | 2,030 sqft |
2020-06-01 | 46 days | 1,981 sqft |
2020-07-01 | 44 days | 1,971 sqft |
2020-08-01 | 38 days | 2,028 sqft |
2020-09-01 | 40 days | 2,034 sqft |
2020-10-01 | 41 days | 2,026 sqft |
2020-11-01 | 45 days | 2,050 sqft |
2020-12-01 | 51 days | 1,996 sqft |
2021-01-01 | 58 days | 1,946 sqft |
2021-02-01 | 44 days | 1,927 sqft |
2021-03-01 | 31 days | 2,106 sqft |
2021-04-01 | 27 days | 2,151 sqft |
2021-05-01 | 19 days | 2,138 sqft |
2021-06-01 | 23 days | 2,013 sqft |
2021-07-01 | 24 days | 1,872 sqft |
2021-08-01 | 25 days | 1,936 sqft |
2021-09-01 | 30 days | 1,942 sqft |
2021-10-01 | 30 days | 1,846 sqft |
2021-11-01 | 45 days | 1,819 sqft |
2021-12-01 | 56 days | 1,872 sqft |
2022-01-01 | 60 days | 1,800 sqft |
2022-02-01 | 34 days | 1,909 sqft |
2022-03-01 | 24 days | 1,858 sqft |
2022-04-01 | 22 days | 1,880 sqft |
2022-05-01 | 23 days | 1,912 sqft |
2022-06-01 | 27 days | 1,866 sqft |
2022-07-01 | 24 days | 1,921 sqft |
2022-08-01 | 36 days | 1,972 sqft |
2022-09-01 | 40 days | 1,972 sqft |
2022-10-01 | 47 days | 1,975 sqft |
2022-11-01 | 46 days | 1,963 sqft |
2022-12-01 | 58 days | 2,001 sqft |
2023-01-01 | 69 days | 1,944 sqft |
2023-02-01 | 63 days | 2,000 sqft |
2023-03-01 | 45 days | 2,058 sqft |
2023-04-01 | 36 days | 2,029 sqft |
2023-05-01 | 37 days | 2,011 sqft |
2023-06-01 | 36 days | 1,950 sqft |
2023-07-01 | 36 days | 1,928 sqft |
2023-08-01 | 34 days | 1,910 sqft |
2023-09-01 | 39 days | 2,027 sqft |
2023-10-01 | 43 days | 1,896 sqft |
2023-11-01 | 45 days | 1,811 sqft |
2023-12-01 | 54 days | 1,806 sqft |
2024-01-01 | 68 days | 1,802 sqft |
2024-02-01 | 67 days | 1,796 sqft |
2024-03-01 | 56 days | 1,808 sqft |
2024-04-01 | 47 days | 1,841 sqft |
2024-05-01 | 41 days | 1,841 sqft |
2024-06-01 | 39 days | 1,876 sqft |
2024-07-01 | 40 days | 1,845 sqft |
2024-08-01 | 49 days | 1,862 sqft |
2024-09-01 | 53 days | 1,876 sqft |
2024-10-01 | 55 days | 1,862 sqft |
Johnson City's median square footage for active listings during the 2024-10-01 period was 1,862 sqft. One year prior, the average listing was 1,896 sqft.