Macon FHA Loan Rates, Closing Costs & Stats

MACON-BIBB COUNTY, GA

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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.

    Macon's 131 lenders originated 1,189 FHA loans during 2021. The total origination value was $238,115,000, with an average FHA loan value of $200,265.

    Macon FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Macon averaged 6.4% for the week of 2023-01-27, compared to the national average (all FHA variants) of 6.186% for the same period.

    Macon's average FHA mortgage closing costs are $6,079.

    The average rate for the prior week (2023-01-20) was 6.37% and one month ago for the week of 2022-12-23, the average rate was 6.16%.

    The average rate one year ago was 3.65%.

    For refis of the same type during the week of 2023-01-27, the average rate was 5.95%.

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

    Macon 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 Macon level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    QUICKEN LOANS, LLC 154 2.78% $5,661
    GUILD MORTGAGE COMPANY 68 3.39% $7,780
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 54 3.27% $6,667
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 54 3.16% $6,847
    INSPIRE HOME LOANS INC. 46 3.27% $6,913
    Renasant Bank 42 3.20% $5,900
    CROSSCOUNTRY MORTGAGE, LLC 41 3.23% $7,294
    BROKER SOLUTIONS, INC. 41 3.42% $6,919
    HOMESTAR FINANCIAL CORPORATION 40 3.14% $5,613
    HOMEBRIDGE FINANCIAL SERVICES, INC. 26 3.35% $7,255
    First Federal Bank 24 3.09% $5,792
    Colony Bank 24 2.83% $5,984
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 23 3.48% $7,610
    PENNYMAC LOAN SERVICES, LLC 22 3.16% $3,836
    UNITED WHOLESALE MORTGAGE, LLC 19 2.88% $7,306
    Mr. Cooper ( Nationstar Mortgage ) 19 3.51% $3,276
    LOANDEPOT.COM, LLC 17 3.53% $6,713
    LAKEVIEW LOAN SERVICING, LLC 16 3.16% $4,085
    CALIBER HOME LOANS, INC. 13 2.98% $6,012
    Carrington Mortgage Services, LLC 12 3.35% $7,784
    FREEDOM MORTGAGE CORPORATION 12 3.06% $4,150
    Ameris Bank 11 3.14% $6,930
    VILLAGE CAPITAL MORTGAGE 11 3.19% $2,495
    ISERVE RESIDENTIAL LENDING, LLC 9 3.26% $10,762
    SECURITYNATIONAL MORTGAGE COMPANY 9 3.13% $8,297
    Platinum Home Mortgage Corporation 8 3.50% $10,841
    CRESCENT MORTGAGE COMPANY 8 2.61% $8,036
    Equity Prime Mortgage LLC 8 3.73% $4,011
    Paramount Residential Mortgage Group, Inc. 8 3.33% $7,361
    Capital City Home Loans, LLC 7 2.98% $7,299
    AmeriHome Mortgage Company, LLC 7 3.04% $4,350
    Synovus Bank 7 2.77% $6,177
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 7 3.04% $7,334
    South State Bank 7 2.89% $6,813
    NEWREZ LLC 6 3.27% $4,174
    HOME POINT FINANCIAL CORPORATION 6 3.00% $7,004
    Lakeview Community Capital, LLC 6 3.29% $4,386
    VAN DYK MORTGAGE CORPORATION 6 3.46% $4,709
    GMFS LLC 5 2.82% $5,453
    MOVEMENT MORTGAGE, LLC 5 3.60% $5,873
    Prosperity Home Mortgage, LLC 5 3.48% $8,315
    AMERICAN FINANCIAL NETWORK, INC. 5 2.98% $10,032
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 5 3.53% $7,794
    BANKSOUTH MORTGAGE COMPANY, LLC 5 2.83% $8,650
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 4.00% $5,755
    VANDERBILT MORTGAGE AND FINANCE, INC. 4 2.97% $7,042
    Mortgage Research Center, LLC 4 2.94% $4,848
    AMERICAN FINANCING CORPORATION 4 3.28% $7,029
    Bank of England 4 3.47% $6,415
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.78% $7,275
    First Guaranty Mortgage Corporation 4 2.97% $6,422
    First Option Mortgage, LLC 4 3.19% $7,539
    MUTUAL OF OMAHA MORTGAGE, INC. 4 3.09% $7,007
    JET DIRECT FUNDING CORP 4 2.97% $7,013
    GUARANTEED RATE AFFINITY, LLC 4 3.00% $6,508
    Sierra Pacific Mortgage Company, Inc. 3 3.42% $8,105
    ANGEL OAK HOME LOANS LLC 3 3.13% $6,615
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 3 2.79% $8,353
    SUCCESS MORTGAGE PARTNERS, INC. 3 3.13% $8,983
    HOMESPIRE MORTGAGE CORPORATION 3 3.13% $4,782
    AMERISAVE MORTGAGE CORPORATION 3 3.33% $7,202
    STEARNS LENDING, LLC 3 3.13% $5,689
    Hometown Equity Mortgage, LLC 2 2.94% $7,149
    ACOPIA, LLC 2 4.31% $9,999
    BAY EQUITY LLC 2 3.56% $5,451
    CERTAINTY HOME LOANS, LLC 2 2.56% $8,263
    CMG MORTGAGE, INC. 2 3.75% $9,273
    CREDIT UNION FINANCIAL SERVICES, LLC 2 3.06% $3,396
    EVERETT FINANCIAL, INC. 2 3.63% $6,094
    GUARANTEED RATE, INC. 2 2.94% $9,970
    LENDUS, LLC 2 3.25% $7,737
    LIBERTY HOME MORTGAGE CORPORATION 2 3.06% $8,563
    MEGASTAR FINANCIAL CORP. 2 3.00% $5,292
    North American Savings Bank, F.S.B. 2 3.44% $3,278
    PANORAMA MORTGAGE GROUP, LLC 2 2.50% $6,398
    RELIANCE FIRST CAPITAL, LLC 2 2.81% $8,713
    SHELTER HOME MORTGAGE, LLC 2 3.56% $6,014
    SUMMIT FUNDING, INC. 2 2.87% $5,513
    THE MORTGAGE FIRM, INC. 2 3.44% $7,234
    MORIA DEVELOPMENT, INC. 1 3.38% $5,945
    MORTGAGE INVESTORS GROUP, INC. 1 2.75% $5,056
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 2.88% $4,468
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.75% $5,879
    GUARANTY HOME MORTGAGE CORPORATION 1 3.38% $4,545
    GoPrime Mortgage, Inc. 1 3.25% $5,472
    GENEVA FINANCIAL, LLC 1 2.88% $7,270
    Network Funding, L.P. 1 3.25% $6,629
    Gateway First Bank 1 4.38% $3,461
    UNITED SECURITY FINANCIAL CORP 1 2.88% $4,208
    OCEANSIDE MORTGAGE COMPANY 1 2.75% $2,261
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.38% $5,812
    FLAT BRANCH MORTGAGE, INC. 1 4.13% $9,528
    Flagstar Bank, FSB 1 2.47% $5,138
    Peoples Bank 1 3.63% $6,345
    First Reliance Bank 1 3.13% $8,823
    PLAZA HOME MORTGAGE, INC. 1 3.49% $7,479
    PNC Bank 1 3.00% $3,501
    POLARIS HOME FUNDING CORP. 1 3.25% $11,112
    First Horizon Bank 1 3.00% $6,078
    FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $7,503
    Evolve Bank & Trust 1 3.13% $8,418
    EMBRACE HOME LOANS, INC. 1 4.13% $4,596
    RADIUS FINANCIAL GROUP INC. 1 3.75% $7,728
    Regions Bank 1 3.25% $6,804
    AMERICAN FINANCIAL RESOURCES, INC. 1 3.25% $4,989
    CONTOUR MORTGAGE CORPORATION 1 3.50% $7,763
    CityWorth Mortgage LLC 1 3.75% $8,049
    Alcova Mortgage LLC 1 3.25% $3,427
    Citizens Bank 1 3.13% $5,022
    CELEBRITY HOME LOANS, LLC 1 3.38% $7,474
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 2.88% $4,246
    Cadence Bank, N.A. 1 2.38% $5,057
    BECKAM FUNDING CORP. 1 3.88% $7,991
    STOCKTON MORTGAGE CORPORATION 1 2.38% $7,219
    Barrington Bank & Trust Company, N.A. 1 3.88% $7,447
    Victorian Finance, LLC 1 3.13% $4,525
    Atlantic Union Bank 1 3.25% $6,142
    The Federal Savings Bank 1 2.38% $9,993
    The Huntington National Bank 1 3.13% $9,590
    ACADEMY MORTGAGE CORPORATION 1 3.75% $10,446
    TJC Mortgage, Inc. 1 3.25% $7,283
    TOP FLITE FINANCIAL, INC. 1 3.25% $14,821
    JPMorgan Chase Bank 1 3.13% $2,864
    INTERLINC MORTGAGE SERVICES, LLC 1 3.38% $5,188
    1ST SIGNATURE LENDING, LLC 1 3.25% $5,901
    Truist 1 3.00% $5,572
    United Bank 1 2.88% $7,738
    HOMESIDE FINANCIAL, LLC 1 3.00% $6,289
    United Community Bank 1 3.25% $4,501
    MEMBER FIRST MORTGAGE, LLC 1 3.13% $3,902
    MID AMERICA MORTGAGE, INC. 1 2.50% $2,870

    The top Macon FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 154 FHA loans originated. Their average total fees are $5,661, which is $2,119 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Macon FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($2,495), Mr. Cooper ( Nationstar Mortgage ) ($3,276), PENNYMAC LOAN SERVICES, LLC ($3,836), LAKEVIEW LOAN SERVICING, LLC ($4,085) and FREEDOM MORTGAGE CORPORATION ($4,150).

    The lowest rate Macon FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.78%), Colony Bank (2.83%), UNITED WHOLESALE MORTGAGE, LLC (2.88%), CALIBER HOME LOANS, INC. (2.98%) and FREEDOM MORTGAGE CORPORATION (3.06%).

    Macon FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    MACON-BIBB COUNTY, GA BIBB 2022 $420,680 $538,650 $651,050 $809,150
    MACON-BIBB COUNTY, GA CRAWFORD 2022 $420,680 $538,650 $651,050 $809,150
    MACON-BIBB COUNTY, GA JONES 2022 $420,680 $538,650 $651,050 $809,150
    MACON-BIBB COUNTY, GA MONROE 2022 $420,680 $538,650 $651,050 $809,150
    MACON-BIBB COUNTY, GA TWIGGS 2022 $420,680 $538,650 $651,050 $809,150

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Macon (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 $140,995 (1.1%) $187,948 (-1.2%) 0.52 750
    2018-02-01 $139,925 (0.0%) $187,262 (-1.7%) 0.51 763
    2018-03-01 $144,990 (-1.0%) $194,567 (-2.6%) 0.51 785
    2018-04-01 $149,700 (0.3%) $202,604 (1.6%) 0.51 815
    2018-05-01 $150,445 (0.4%) $210,527 (6.7%) 0.50 833
    2018-06-01 $157,500 (4.5%) $215,471 (7.6%) 0.53 843
    2018-07-01 $159,800 (6.6%) $213,851 (6.8%) 0.53 864
    2018-08-01 $162,400 (4.8%) $216,757 (5.3%) 0.54 878
    2018-09-01 $164,250 (9.6%) $219,623 (8.3%) 0.55 884
    2018-10-01 $165,000 (17.9%) $219,237 (14.5%) 0.56 885
    2018-11-01 $164,475 (13.6%) $221,820 (13.1%) 0.56 884
    2018-12-01 $159,500 (12.3%) $216,935 (15.3%) 0.55 851
    2019-01-01 $152,623 (8.3%) $217,964 (16.0%) 0.53 792
    2019-02-01 $153,973 (10.0%) $219,011 (17.0%) 0.52 803
    2019-03-01 $125,836 (-13.2%) $192,894 (-0.9%) 0.41 1,145
    2019-04-01 $88,450 (-40.9%) $162,573 (-19.8%) 0.28 1,607
    2019-05-01 $90,000 (-40.2%) $166,441 (-20.9%) 0.28 1,618
    2019-06-01 $172,000 (9.2%) $242,588 (12.6%) 0.54 937
    2019-07-01 $159,990 (0.1%) $235,286 (10.0%) 0.50 956
    2019-08-01 $158,602 (-2.3%) $236,599 (9.2%) 0.50 947
    2019-09-01 $156,520 (-4.7%) $236,100 (7.5%) 0.50 931
    2019-10-01 $157,631 (-4.5%) $239,087 (9.1%) 0.51 913
    2019-11-01 $159,900 (-2.8%) $245,115 (10.5%) 0.52 851
    2019-12-01 $159,900 (0.3%) $241,712 (11.4%) 0.53 828
    2020-01-01 $158,625 (3.9%) $237,805 (9.1%) 0.53 788
    2020-02-01 $152,490 (-1.0%) $236,536 (8.0%) 0.50 804
    2020-03-01 $150,000 (19.2%) $235,337 (22.0%) 0.47 783
    2020-04-01 $150,495 (70.2%) $239,327 (47.2%) 0.47 779
    2020-05-01 $157,500 (75.0%) $253,775 (52.5%) 0.48 709
    2020-06-01 $163,450 (-5.0%) $264,898 (9.2%) 0.48 598
    2020-07-01 $172,300 (7.7%) $270,035 (14.8%) 0.50 587
    2020-08-01 $176,250 (11.1%) $279,837 (18.3%) 0.51 506
    2020-09-01 $169,073 (8.0%) $277,020 (17.3%) 0.48 474
    2020-10-01 $167,990 (6.6%) $489,511 (104.7%) 0.48 468
    2020-11-01 $173,198 (8.3%) $287,081 (17.1%) 0.51 441
    2020-12-01 $182,400 (14.1%) $296,186 (22.5%) 0.54 428
    2021-01-01 $175,245 (10.5%) $293,163 (23.3%) 0.52 401
    2021-02-01 $177,373 (16.3%) $287,045 (21.4%) 0.52 352
    2021-03-01 $195,520 (30.4%) $289,790 (23.1%) 0.55 358
    2021-04-01 $196,223 (30.4%) $292,659 (22.3%) 0.53 373
    2021-05-01 $189,900 (20.6%) $262,663 (3.5%) 0.50 375
    2021-06-01 $183,445 (12.2%) $260,063 (-1.8%) 0.48 421
    2021-07-01 $189,450 (10.0%) $259,959 (-3.7%) 0.50 458
    2021-08-01 $195,368 (10.9%) $256,803 (-8.2%) 0.52 504
    2021-09-01 $207,995 (23.0%) $325,977 (17.7%) 0.55 547
    2021-10-01 $211,740 (26.0%) $424,664 (-13.3%) 0.56 497
    2021-11-01 $212,990 (23.0%) $449,857 (56.7%) 0.57 472
    2021-12-01 $207,495 (13.8%) $468,644 (58.2%) 0.56 407
    2022-01-01 $198,945 (13.5%) $464,756 (58.5%) 0.54 407
    2022-02-01 $167,450 (-5.6%) $441,531 (53.8%) 0.44 398
    2022-03-01 $166,500 (-14.8%) $335,239 (15.7%) 0.42 397
    2022-04-01 $186,250 (-5.1%) $457,897 (56.5%) 0.44 395
    2022-05-01 $213,000 (12.2%) $569,349 (116.8%) 0.49 428
    2022-06-01 $232,450 (26.7%) $451,778 (73.7%) 0.52 486
    2022-07-01 $239,900 (26.6%) $458,391 (76.3%) 0.54 521
    2022-08-01 $229,700 (17.6%) $424,636 (65.4%) 0.53 532
    2022-09-01 $235,000 (13.0%) $394,408 (21.0%) 0.55 543
    2022-10-01 $225,000 (6.3%) $388,894 (-8.4%) 0.53 567
    2022-11-01 $225,000 (5.6%) $410,884 (-8.7%) 0.54 584
    2022-12-01 $237,250 (14.3%) $415,319 (-11.4%) 0.59 567
    Macon's median listing price for 2022-12-01 was $237,250, a difference of $29,755 (14.3%) versus the prior year and $12,250 versus the prior month.

    Macon's median listing price comes in at 59% of the national average.

    Macon's average listing price for 2022-12-01 was $415,319, a difference of $-53,325 (-11.4%) versus the prior year and $4,435 versus the prior month.

    For the 2022-12-01 period, Macon had 567 MLS listings, a difference of -17 listings (-3%) versus the prior month and 160 listings (39%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Macon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 82 days 1,916 sqft
    2018-02-01 86 days 1,915 sqft
    2018-03-01 73 days 1,983 sqft
    2018-04-01 75 days 2,016 sqft
    2018-05-01 74 days 2,016 sqft
    2018-06-01 76 days 2,021 sqft
    2018-07-01 81 days 2,021 sqft
    2018-08-01 75 days 2,055 sqft
    2018-09-01 85 days 2,028 sqft
    2018-10-01 89 days 2,072 sqft
    2018-11-01 95 days 2,042 sqft
    2018-12-01 103 days 2,007 sqft
    2019-01-01 108 days 1,978 sqft
    2019-02-01 104 days 1,954 sqft
    2019-03-01 98 days 1,959 sqft
    2019-04-01 94 days 1,980 sqft
    2019-05-01 92 days 2,010 sqft
    2019-06-01 81 days 2,014 sqft
    2019-07-01 79 days 2,005 sqft
    2019-08-01 86 days 2,001 sqft
    2019-09-01 88 days 1,993 sqft
    2019-10-01 93 days 1,987 sqft
    2019-11-01 99 days 2,002 sqft
    2019-12-01 101 days 1,989 sqft
    2020-01-01 107 days 1,961 sqft
    2020-02-01 95 days 1,889 sqft
    2020-03-01 76 days 1,885 sqft
    2020-04-01 81 days 1,867 sqft
    2020-05-01 84 days 1,878 sqft
    2020-06-01 86 days 1,966 sqft
    2020-07-01 73 days 2,060 sqft
    2020-08-01 75 days 2,064 sqft
    2020-09-01 70 days 1,963 sqft
    2020-10-01 64 days 1,904 sqft
    2020-11-01 57 days 1,906 sqft
    2020-12-01 57 days 1,926 sqft
    2021-01-01 57 days 1,919 sqft
    2021-02-01 55 days 1,922 sqft
    2021-03-01 45 days 1,937 sqft
    2021-04-01 40 days 1,911 sqft
    2021-05-01 45 days 1,886 sqft
    2021-06-01 39 days 1,849 sqft
    2021-07-01 48 days 1,857 sqft
    2021-08-01 50 days 1,891 sqft
    2021-09-01 47 days 1,945 sqft
    2021-10-01 53 days 1,952 sqft
    2021-11-01 58 days 1,947 sqft
    2021-12-01 61 days 1,908 sqft
    2022-01-01 58 days 1,779 sqft
    2022-02-01 38 days 1,649 sqft
    2022-03-01 35 days 1,667 sqft
    2022-04-01 38 days 1,755 sqft
    2022-05-01 41 days 1,840 sqft
    2022-06-01 34 days 1,869 sqft
    2022-07-01 43 days 1,880 sqft
    2022-08-01 48 days 1,859 sqft
    2022-09-01 46 days 1,914 sqft
    2022-10-01 45 days 1,912 sqft
    2022-11-01 51 days 1,893 sqft
    2022-12-01 63 days 1,898 sqft
    Macon's median listing age (time on market) for 2022-12-01 was 63 days. This is 3% longer than the same period one year ago.

    Macon's median square footage for active listings during the 2022-12-01 period was 1,898 sqft. One year prior, the average listing was 1,908 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).