Lagrange FHA Loan Rates, Closing Costs & Stats

LaGrange, GA-AL

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.

Lagrange's 92 lenders originated 531 FHA loans during 2024. The total origination value was $116,535,000, with an average FHA loan value of $219,463.

Lagrange FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Lagrange averaged 6.52% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

Lagrange's average FHA mortgage closing costs are $7,343.

The average rate for the prior week (2025-03-28) was 6.32% and one month ago for the week of 2025-02-28, the average rate was 6.2%.

The average rate one year ago was 6.72%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.25%.

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

Lagrange 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 Lagrange level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 46 6.15% $11,191
QUICKEN LOANS, LLC 31 6.58% $10,112
GUILD MORTGAGE COMPANY 31 6.63% $9,029
Flagstar Bank, FSB 28 6.24% $8,945
CROSSCOUNTRY MORTGAGE, LLC 23 6.45% $11,088
FBC MORTGAGE, LLC 23 5.69% $10,119
BROKER SOLUTIONS, INC. 18 6.09% $10,555
NORWICH COMMERCIAL GROUP, INC. 15 6.35% $4,829
ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 5.81% $11,972
LOANDEPOT.COM, LLC 14 6.01% $9,392
Plains Commerce Bank 14 6.41% $10,396
Magnolia Bank 12 6.41% $9,489
CMG MORTGAGE, INC. 11 5.93% $12,833
FREEDOM MORTGAGE CORPORATION 11 6.44% $10,762
CANOPY MORTGAGE, LLC 10 6.62% $12,388
Paramount Residential Mortgage Group, Inc. 9 6.67% $10,033
PENNYMAC LOAN SERVICES, LLC 9 6.06% $9,872
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.84% $12,360
Synovus Bank 6 6.08% $9,231
MOVEMENT MORTGAGE, LLC 6 7.17% $8,724
Ameris Bank 5 6.38% $6,750
MILEND, INC. 5 6.63% $11,324
SOUTHEAST MORTGAGE OF GEORGIA, INC. 5 6.30% $8,251
EVERETT FINANCIAL, INC. 5 7.20% $9,437
AMERISAVE MORTGAGE CORPORATION 4 6.34% $11,240
Mr. Cooper ( Nationstar Mortgage ) 4 6.69% $11,152
Trustmark National Bank 4 6.50% $7,310
EMM LOANS LLC 4 6.22% $9,821
NEWREZ LLC 4 6.47% $8,829
South State Bank 4 6.25% $8,067
NFM, INC. 3 6.71% $10,777
Prosperity Home Mortgage, LLC 3 6.04% $10,179
Renasant Bank 3 6.42% $8,111
AmeriHome Mortgage Company, LLC 3 6.25% $10,011
FIRST COMMUNITY MORTGAGE, INC. 3 6.46% $8,473
VAN DYK MORTGAGE CORPORATION 3 6.75% $6,211
GUARANTEED RATE, INC. 3 6.75% $11,672
HOMESIDE FINANCIAL, LLC 3 6.58% $10,755
INSPIRE HOME LOANS INC. 3 5.29% $8,567
Keystone Funding, Inc. 3 6.67% $8,691
Century Mortgage Company DBA Century Lending Company 3 6.42% $5,159
AMERICAN FINANCIAL RESOURCES, INC. 2 5.81% $16,274
LAKEVIEW LOAN SERVICING, LLC 2 6.75% $8,151
VILLAGE CAPITAL MORTGAGE 2 6.75% $5,612
VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.44% $8,674
Truist 2 6.25% $6,727
ENDEAVOR CAPITAL, LLC. 2 5.88% $11,098
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 5.69% $9,358
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 7.13% $12,063
Presidential Bank, FSB 2 6.63% $12,125
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 6.25% $13,906
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.25% $10,855
Carrington Mortgage Services, LLC 2 6.25% $11,048
ZILLOW HOME LOANS, LLC 2 6.19% $17,755
BANKSOUTH MORTGAGE COMPANY, LLC 2 5.50% $15,846
PLANET HOME LENDING, LLC 2 6.38% $7,735
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 7.38% $7,613
NMSI, INC. 1 6.50% $9,390
Alcova Mortgage LLC 1 5.75% $9,175
AMERICAN FINANCIAL NETWORK, INC. 1 8.13% $12,024
AMERICAN FINANCING CORPORATION 1 6.88% $5,708
Assurance Financial Group, L.L.C. 1 7.13% $7,459
BancorpSouth 1 7.00% $5,031
Bank of England 1 6.75% $10,384
CARDINAL FINANCIAL 1 5.75% $7,066
Cornerstone First Mortgage, Inc 1 6.38% $10,997
DAS Acquisition Company, LLC 1 5.88% $12,958
DIRECT LENDERS, LLC 1 6.88% $3,757
Equity Prime Mortgage LLC 1 7.50% $9,722
GMFS LLC 1 6.25% $2,330
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $5,380
LOANPAL, LLC 1 5.99% $6,884
MID AMERICA MORTGAGE, INC. 1 7.13% $13,048
Mortgage Research Center, LLC 1 6.75% $4,773
NATIONS DIRECT MORTGAGE, LLC 1 5.99% $10,139
Nations Lending Corporation 1 7.75% $3,431
NATIONS RELIABLE LENDING, LLC 1 6.99% $8,451
ABSOLUTE HOME MORTGAGE CORPORATION 1 6.63% $8,264
Northpointe Bank 1 5.75% $5,987
PENTAGON FEDERAL CREDIT UNION 1 6.63% $7,595
PLAZA HOME MORTGAGE, INC. 1 7.25% $8,297
PREMIA MORTGAGE, LLC 1 6.13% $4,942
SHELTER HOME MORTGAGE, LLC 1 5.99% $14,229
SOUTHWEST FUNDING, LP 1 6.63% $11,133
STOCKTON MORTGAGE CORPORATION 1 6.25% $14,767
T2 FINANCIAL LLC 1 6.75% $9,545
TJC Mortgage, Inc. 1 6.63% $9,829
TOP FLITE FINANCIAL, INC. 1 7.25% $12,122
TOWNE MORTGAGE COMPANY 1 6.00% $8,344
UNION HOME MORTGAGE CORP. 1 6.50% $4,687
US MORTGAGE CORPORATION 1 7.13% $9,620
Willamette Valley Bank 1 7.25% $10,730

The top Lagrange FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 46 FHA loans originated. Their average total fees are $11,191, which is $1,079 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Lagrange FHA lenders (with over 10 loans originated) are NORWICH COMMERCIAL GROUP, INC. ($4,829), Flagstar Bank, FSB ($8,945), GUILD MORTGAGE COMPANY ($9,029), LOANDEPOT.COM, LLC ($9,392) and Magnolia Bank ($9,489).

The lowest rate Lagrange FHA lenders (with over 10 loans originated) are FBC MORTGAGE, LLC (5.69%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (5.81%), CMG MORTGAGE, INC. (5.93%), LOANDEPOT.COM, LLC (6.01%) and BROKER SOLUTIONS, INC. (6.09%).

Lagrange FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
LAGRANGE, GA-AL CHAMBERS 2022 $420,680 $538,650 $651,050 $809,150
LAGRANGE, GA-AL TROUP 2022 $420,680 $538,650 $651,050 $809,150
LAGRANGE, GA-AL CHAMBERS 2023 $472,030 $604,400 $730,525 $907,900
LAGRANGE, GA-AL TROUP 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Lagrange (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 $149,100 (4.7%) $200,245 (10.2%) 0.00 357
2018-02-01 $149,925 (7.8%) $205,859 (14.8%) 0.00 343
2018-03-01 $159,900 (15.1%) $206,954 (11.8%) 0.00 348
2018-04-01 $169,800 (21.4%) $207,359 (9.9%) 0.00 379
2018-05-01 $170,950 (15.4%) $207,172 (6.4%) 0.00 377
2018-06-01 $169,900 (15.1%) $209,286 (5.2%) 0.00 386
2018-07-01 $171,625 (7.3%) $211,006 (3.2%) 0.00 421
2018-08-01 $162,500 (8.4%) $211,694 (5.6%) 0.00 417
2018-09-01 $169,900 (14.0%) $208,684 (2.4%) 0.00 426
2018-10-01 $175,000 (18.9%) $210,552 (4.3%) 0.00 426
2018-11-01 $184,075 (24.0%) $211,211 (5.7%) 0.00 425
2018-12-01 $180,000 (22.9%) $214,521 (6.5%) 0.00 416
2019-01-01 $183,600 (23.1%) $213,038 (6.4%) 0.00 386
2019-02-01 $189,800 (26.6%) $215,053 (4.5%) 0.00 370
2019-03-01 $183,514 (14.8%) $215,530 (4.1%) 0.00 375
2019-04-01 $175,100 (3.1%) $208,809 (0.7%) 0.00 388
2019-05-01 $177,075 (3.6%) $209,516 (1.1%) 0.00 396
2019-06-01 $177,995 (4.8%) $208,318 (-0.5%) 0.00 406
2019-07-01 $172,700 (0.6%) $205,107 (-2.8%) 0.00 412
2019-08-01 $177,577 (9.3%) $207,513 (-2.0%) 0.00 401
2019-09-01 $181,443 (6.8%) $209,437 (0.4%) 0.00 390
2019-10-01 $181,745 (3.9%) $210,355 (-0.1%) 0.00 381
2019-11-01 $174,450 (-5.2%) $205,286 (-2.8%) 0.00 368
2019-12-01 $170,568 (-5.2%) $204,185 (-4.8%) 0.00 365
2020-01-01 $169,900 (-7.5%) $200,025 (-6.1%) 0.00 349
2020-02-01 $169,900 (-10.5%) $201,146 (-6.5%) 0.00 346
2020-03-01 $176,200 (-4.0%) $203,808 (-5.4%) 0.00 323
2020-04-01 $176,450 (0.8%) $204,751 (-1.9%) 0.00 319
2020-05-01 $187,250 (5.8%) $221,989 (6.0%) 0.00 290
2020-06-01 $199,945 (12.3%) $233,582 (12.1%) 0.00 262
2020-07-01 $216,000 (25.1%) $243,701 (18.8%) 0.00 237
2020-08-01 $219,900 (23.8%) $248,814 (19.9%) 0.00 214
2020-09-01 $216,075 (19.1%) $255,277 (21.9%) 0.00 195
2020-10-01 $209,900 (15.5%) $255,820 (21.6%) 0.00 185
2020-11-01 $189,490 (8.6%) $247,460 (20.5%) 0.00 180
2020-12-01 $185,615 (8.8%) $242,921 (19.0%) 0.00 192
2021-01-01 $192,990 (13.6%) $249,471 (24.7%) 0.00 175
2021-02-01 $204,700 (20.5%) $257,796 (28.2%) 0.00 140
2021-03-01 $209,788 (19.1%) $260,410 (27.8%) 0.00 122
2021-04-01 $218,700 (23.9%) $271,647 (32.7%) 0.00 120
2021-05-01 $214,900 (14.8%) $283,245 (27.6%) 0.00 98
2021-06-01 $179,975 (-10.0%) $290,015 (24.2%) 0.00 102
2021-07-01 $169,900 (-21.3%) $316,481 (29.9%) 0.00 121
2021-08-01 $229,950 (4.6%) $332,682 (33.7%) 0.00 150
2021-09-01 $232,450 (7.6%) $350,872 (37.5%) 0.00 147
2021-10-01 $237,000 (12.9%) $359,335 (40.5%) 0.00 130
2021-11-01 $219,173 (15.7%) $344,424 (39.2%) 0.00 134
2021-12-01 $209,900 (13.1%) $356,050 (46.6%) 0.00 121
2022-01-01 $165,000 (-14.5%) $329,462 (32.1%) 0.00 107
2022-02-01 $177,675 (-13.2%) $315,702 (22.5%) 0.00 105
2022-03-01 $179,950 (-14.2%) $310,394 (19.2%) 0.00 96
2022-04-01 $209,900 (-4.0%) $291,087 (7.2%) 0.00 99
2022-05-01 $229,750 (6.9%) $297,196 (4.9%) 0.00 104
2022-06-01 $254,900 (41.6%) $320,345 (10.5%) 0.00 133
2022-07-01 $250,000 (47.2%) $328,546 (3.8%) 0.00 141
2022-08-01 $263,157 (14.4%) $317,758 (-4.5%) 0.00 170
2022-09-01 $289,572 (24.6%) $326,700 (-6.9%) 0.00 172
2022-10-01 $294,990 (24.5%) $329,196 (-8.4%) 0.00 187
2022-11-01 $294,043 (34.2%) $323,960 (-5.9%) 0.00 202
2022-12-01 $280,000 (33.4%) $311,473 (-12.5%) 0.00 210
2023-01-01 $284,945 (72.7%) $307,652 (-6.6%) 0.00 200
2023-02-01 $289,968 (63.2%) $314,259 (-0.5%) 0.00 207
2023-03-01 $278,770 (54.9%) $310,029 (-0.1%) 0.00 194
2023-04-01 $278,625 (32.7%) $303,569 (4.3%) 0.00 194
2023-05-01 $285,215 (24.1%) $309,013 (4.0%) 0.00 185
2023-06-01 $289,314 (13.5%) $316,130 (-1.3%) 0.00 194
2023-07-01 $285,624 (14.3%) $303,101 (-7.7%) 0.00 184
2023-08-01 $287,195 (9.1%) $311,056 (-2.1%) 0.00 210
2023-09-01 $299,000 (3.3%) $321,248 (-1.7%) 0.00 261
2023-10-01 $297,691 (0.9%) $322,262 (-2.1%) 0.00 284
2023-11-01 $280,695 (-4.5%) $314,755 (-2.8%) 0.00 304
2023-12-01 $279,900 (0.0%) $312,810 (0.4%) 0.00 289
2024-01-01 $271,124 (-4.9%) $308,145 (0.2%) 0.00 278
2024-02-01 $268,250 (-7.5%) $297,598 (-5.3%) 0.00 282
2024-03-01 $259,450 (-6.9%) $284,988 (-8.1%) 0.00 274
2024-04-01 $251,350 (-9.8%) $291,328 (-4.0%) 0.00 261
2024-05-01 $252,380 (-11.5%) $303,513 (-1.8%) 0.00 272
2024-06-01 $266,802 (-7.8%) $306,516 (-3.0%) 0.00 272
2024-07-01 $272,068 (-4.8%) $310,279 (2.4%) 0.00 295
2024-08-01 $277,900 (-3.2%) $310,495 (-0.2%) 0.00 331
2024-09-01 $289,400 (-3.2%) $321,933 (0.2%) 0.00 355
2024-10-01 $288,950 (-2.9%) $326,299 (1.3%) 0.00 373
2024-11-01 $287,695 (2.5%) $324,600 (3.1%) 0.00 363
2024-12-01 $282,126 (0.8%) $313,187 (0.1%) 0.00 341
2025-01-01 $288,200 (6.3%) $317,566 (3.1%) 0.00 330
2025-02-01 $292,049 (8.9%) $323,941 (8.9%) 0.00 332
2025-03-01 $289,990 (11.8%) $324,763 (14.0%) 0.00 341
Lagrange's median listing price for 2025-03-01 was $289,990, a difference of $30,540 (11.8%) versus the prior year and $-2,059 versus the prior month.

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

Lagrange's average listing price for 2025-03-01 was $324,763, a difference of $39,775 (14.0%) versus the prior year and $822 versus the prior month.

For the 2025-03-01 period, Lagrange had 341 MLS listings, a difference of 9 listings (3%) versus the prior month and 67 listings (24%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lagrange (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,936 sqft
2018-02-01 0 days 1,974 sqft
2018-03-01 0 days 2,049 sqft
2018-04-01 0 days 2,091 sqft
2018-05-01 0 days 2,087 sqft
2018-06-01 0 days 2,088 sqft
2018-07-01 0 days 2,077 sqft
2018-08-01 0 days 2,008 sqft
2018-09-01 0 days 2,035 sqft
2018-10-01 0 days 2,057 sqft
2018-11-01 0 days 2,076 sqft
2018-12-01 0 days 2,075 sqft
2019-01-01 0 days 2,113 sqft
2019-02-01 0 days 2,142 sqft
2019-03-01 0 days 2,188 sqft
2019-04-01 0 days 2,188 sqft
2019-05-01 0 days 2,156 sqft
2019-06-01 0 days 2,185 sqft
2019-07-01 0 days 2,129 sqft
2019-08-01 0 days 2,159 sqft
2019-09-01 0 days 2,124 sqft
2019-10-01 0 days 2,092 sqft
2019-11-01 0 days 2,040 sqft
2019-12-01 0 days 2,022 sqft
2020-01-01 0 days 1,997 sqft
2020-02-01 0 days 1,945 sqft
2020-03-01 0 days 2,029 sqft
2020-04-01 0 days 2,030 sqft
2020-05-01 0 days 2,055 sqft
2020-06-01 0 days 2,124 sqft
2020-07-01 0 days 2,187 sqft
2020-08-01 0 days 2,191 sqft
2020-09-01 0 days 2,149 sqft
2020-10-01 0 days 2,113 sqft
2020-11-01 0 days 2,026 sqft
2020-12-01 0 days 1,986 sqft
2021-01-01 0 days 2,021 sqft
2021-02-01 0 days 2,083 sqft
2021-03-01 0 days 2,081 sqft
2021-04-01 0 days 2,068 sqft
2021-05-01 0 days 2,077 sqft
2021-06-01 0 days 1,843 sqft
2021-07-01 0 days 1,714 sqft
2021-08-01 0 days 2,056 sqft
2021-09-01 0 days 2,053 sqft
2021-10-01 0 days 1,959 sqft
2021-11-01 0 days 1,803 sqft
2021-12-01 0 days 1,780 sqft
2022-01-01 0 days 1,774 sqft
2022-02-01 0 days 1,706 sqft
2022-03-01 0 days 1,793 sqft
2022-04-01 0 days 1,786 sqft
2022-05-01 0 days 1,871 sqft
2022-06-01 0 days 1,830 sqft
2022-07-01 0 days 1,934 sqft
2022-08-01 0 days 1,953 sqft
2022-09-01 0 days 1,985 sqft
2022-10-01 0 days 2,058 sqft
2022-11-01 0 days 2,114 sqft
2022-12-01 0 days 2,087 sqft
2023-01-01 0 days 2,044 sqft
2023-02-01 0 days 2,058 sqft
2023-03-01 0 days 1,931 sqft
2023-04-01 0 days 1,936 sqft
2023-05-01 0 days 1,970 sqft
2023-06-01 0 days 1,946 sqft
2023-07-01 0 days 1,824 sqft
2023-08-01 0 days 1,896 sqft
2023-09-01 0 days 2,007 sqft
2023-10-01 0 days 1,970 sqft
2023-11-01 0 days 1,968 sqft
2023-12-01 0 days 1,918 sqft
2024-01-01 0 days 1,822 sqft
2024-02-01 0 days 1,759 sqft
2024-03-01 0 days 1,705 sqft
2024-04-01 0 days 1,690 sqft
2024-05-01 0 days 1,736 sqft
2024-06-01 0 days 1,776 sqft
2024-07-01 0 days 1,742 sqft
2024-08-01 0 days 1,770 sqft
2024-09-01 0 days 1,882 sqft
2024-10-01 0 days 1,890 sqft
2024-11-01 0 days 1,881 sqft
2024-12-01 0 days 1,800 sqft
2025-01-01 0 days 1,883 sqft
2025-02-01 0 days 1,911 sqft
2025-03-01 0 days 1,928 sqft
Lagrange's median listing age (time on market) for 2025-03-01 was 0 days.

Lagrange's median square footage for active listings during the 2025-03-01 period was 1,928 sqft. One year prior, the average listing was 1,705 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).