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 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).