Johnson City FHA Loan Rates, Closing Costs & Stats

JOHNSON CITY, TN

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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.

    Johnson City's 72 lenders originated 515 FHA loans during 2024. The total origination value was $187,435,000, with an average FHA loan value of $363,951.

    Johnson City FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Johnson City averaged 0.5% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Johnson City's average FHA mortgage closing costs are $7,759.

    The average rate for the prior week (2025-06-13) was 6.78% and one month ago for the week of 2025-05-16, the average rate was 6.65%.

    The average rate one year ago was 7.2%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.18%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    MOVEMENT MORTGAGE, LLC 49 6.77% $9,945
    QUICKEN LOANS, LLC 48 6.40% $12,208
    UNITED WHOLESALE MORTGAGE, LLC 38 6.26% $12,118
    DHI MORTGAGE COMPANY, LTD. 27 6.07% $7,033
    MORTGAGE INVESTORS GROUP, INC. 25 6.24% $10,199
    GVC MORTGAGE, INC. 19 6.38% $11,569
    CARDINAL FINANCIAL 18 6.74% $13,120
    FREEDOM MORTGAGE CORPORATION 16 6.35% $12,364
    ALAMEDA MORTGAGE CORPORATION 15 6.98% $9,334
    Sierra Pacific Mortgage Company, Inc. 14 6.31% $13,153
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 6.69% $7,668
    PENNYMAC LOAN SERVICES, LLC 10 6.05% $8,869
    ROSS MORTGAGE CORPORATION 8 6.50% $10,215
    Bank of Tennessee 8 6.51% $9,965
    LOANDEPOT.COM, LLC 8 6.92% $9,916
    Carrington Mortgage Services, LLC 7 6.43% $14,288
    EVERETT FINANCIAL, INC. 7 6.52% $8,555
    GUARANTEED RATE, INC. 6 6.29% $9,726
    Regions Bank 6 6.83% $6,684
    Mr. Cooper ( Nationstar Mortgage ) 5 6.35% $12,048
    DELMAR FINANCIAL COMPANY 5 6.25% $10,125
    CMG MORTGAGE, INC. 5 6.78% $11,395
    SECURITYNATIONAL MORTGAGE COMPANY 5 7.03% $10,347
    FIRST COMMUNITY MORTGAGE, INC. 5 6.65% $10,760
    Equity Prime Mortgage LLC 4 7.03% $11,036
    Prosperity Home Mortgage, LLC 4 5.63% $14,424
    AMERISAVE MORTGAGE CORPORATION 4 6.06% $12,718
    BROKER SOLUTIONS, INC. 4 7.19% $9,380
    GUILD MORTGAGE COMPANY 3 6.88% $16,057
    Century Mortgage Company DBA Century Lending Company 3 6.63% $10,113
    Flagstar Bank, FSB 3 6.12% $10,251
    United Community Bank 3 6.46% $7,526
    AMERICAN FINANCIAL NETWORK, INC. 3 6.91% $9,539
    SUN WEST MORTGAGE COMPANY, INC. 3 5.46% $10,319
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.88% $13,086
    NFM, INC. 2 6.63% $15,452
    CROSSCOUNTRY MORTGAGE, LLC 2 6.12% $12,593
    Citizens Bank 2 6.13% $13,258
    HOMESIDE FINANCIAL, LLC 2 6.81% $11,390
    ISERVE RESIDENTIAL LENDING, LLC 2 6.94% $18,547
    MILEND, INC. 2 6.06% $12,221
    NEWREZ LLC 2 6.25% $8,406
    PLANET HOME LENDING, LLC 2 6.44% $8,360
    PLAZA HOME MORTGAGE, INC. 2 5.69% $14,679
    STOCKTON MORTGAGE CORPORATION 2 6.56% $11,200
    T2 FINANCIAL LLC 2 6.63% $14,271
    TOP FLITE FINANCIAL, INC. 2 6.63% $12,041
    MID AMERICA MORTGAGE, INC. 1 6.75% $15,351
    Plains Commerce Bank 1 5.50% $15,813
    UNION HOME MORTGAGE CORP. 1 7.00% $7,267
    Hometown Equity Mortgage, LLC 1 5.75% $13,806
    POLARIS HOME FUNDING CORP. 1 6.50% $11,371
    CALCON MUTUAL MORTGAGE LLC 1 6.63% $11,637
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $10,630
    Wells Fargo Bank 1 6.88% $9,631
    RELIANCE FIRST CAPITAL, LLC 1 7.75% $7,660
    AMERICAN FINANCING CORPORATION 1 5.75% $15,581
    SeaTrust Mortgage Company 1 6.13% $12,656
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $9,171
    JMAC LENDING, INC. 1 5.75% $15,184
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $10,579
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $5,199
    SUMMIT FUNDING, INC. 1 7.13% $13,306
    Ixonia Bank 1 6.13% $14,153
    VAN DYK MORTGAGE CORPORATION 1 5.63% $10,867
    TJC Mortgage, Inc. 1 6.13% $11,018
    Blue Ridge Bank 1 6.50% $6,697
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $32,401
    Nations Lending Corporation 1 6.63% $13,566
    ENDEAVOR CAPITAL, LLC. 1 6.63% $11,394
    EMBRACE HOME LOANS, INC. 1 5.75% $10,784
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.13% $9,718

    The top Johnson City FHA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 49 FHA loans originated. Their average total fees are $9,945, which is $2,263 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Johnson City FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($7,033), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($7,668), PENNYMAC LOAN SERVICES, LLC ($8,869), ALAMEDA MORTGAGE CORPORATION ($9,334) and MOVEMENT MORTGAGE, LLC ($9,945).

    The lowest rate Johnson City FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (6.05%), DHI MORTGAGE COMPANY, LTD. (6.07%), MORTGAGE INVESTORS GROUP, INC. (6.24%), UNITED WHOLESALE MORTGAGE, LLC (6.26%) and Sierra Pacific Mortgage Company, Inc. (6.31%).

    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

    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).