Macon FHA Loan Rates, Closing Costs & Stats

MACON-BIBB COUNTY, GA

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 115 lenders originated 903 FHA loans during 2022. The total origination value was $182,735,000, with an average FHA loan value of $202,364.

Macon FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Macon averaged 6.41% for the week of 2024-03-01, compared to the national average (all FHA variants) of 6.688% for the same period.

Macon's average FHA mortgage closing costs are $6,713.

The average rate for the prior week (2024-02-23) was 6.2% and one month ago for the week of 2024-01-26, the average rate was 6.4%.

The average rate one year ago was 6.43%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.47%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 93 4.77% $7,528
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 60 5.15% $8,434
LOANDEPOT.COM, LLC 48 5.04% $8,503
BROKER SOLUTIONS, INC. 47 5.30% $10,659
HOMESTAR FINANCIAL CORPORATION 45 4.46% $8,217
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 34 5.48% $7,941
INSPIRE HOME LOANS INC. 34 4.79% $9,982
UNITED WHOLESALE MORTGAGE, LLC 31 5.02% $8,869
CROSSCOUNTRY MORTGAGE, LLC 28 5.39% $7,859
GUILD MORTGAGE COMPANY 28 5.23% $9,555
Equity Prime Mortgage LLC 25 5.12% $13,547
Renasant Bank 19 4.97% $6,721
Carrington Mortgage Services, LLC 17 5.20% $10,643
Ameris Bank 16 5.14% $11,251
AMERISAVE MORTGAGE CORPORATION 13 4.64% $12,270
Mr. Cooper ( Nationstar Mortgage ) 11 4.75% $10,273
CRESCENT MORTGAGE COMPANY 10 4.71% $9,137
First Federal Bank 10 5.38% $8,611
CALIBER HOME LOANS, INC. 10 5.01% $7,057
CARDINAL FINANCIAL 10 5.31% $10,170
MOVEMENT MORTGAGE, LLC 8 5.50% $8,080
Platinum Home Mortgage Corporation 7 5.12% $15,434
NEWREZ LLC 7 5.46% $7,101
Colony Bank 7 5.70% $9,493
EVERETT FINANCIAL, INC. 7 5.23% $5,408
GUARANTEED RATE, INC. 7 5.41% $8,162
GUARANTY HOME MORTGAGE CORPORATION 6 4.77% $11,367
VANDERBILT MORTGAGE AND FINANCE, INC. 6 4.81% $8,751
GMFS LLC 6 4.54% $4,450
NFM, INC. 5 5.93% $10,790
FREEDOM MORTGAGE CORPORATION 5 5.15% $10,418
STOCKTON MORTGAGE CORPORATION 5 5.33% $7,554
LAKEVIEW LOAN SERVICING, LLC 5 3.82% $5,393
Capital City Home Loans, LLC 5 5.05% $8,480
FBC MORTGAGE, LLC 5 5.32% $9,785
Paramount Residential Mortgage Group, Inc. 5 5.68% $11,359
VAN DYK MORTGAGE CORPORATION 5 5.73% $11,343
Nations Lending Corporation 5 5.18% $9,015
First Option Mortgage, LLC 5 5.50% $13,771
SOUTHEAST MORTGAGE OF GEORGIA, INC. 4 4.69% $8,297
Synovus Bank 4 5.09% $7,468
HOMEOWNERS FINANCIAL GROUP USA, LLC 4 5.81% $10,550
Prosperity Home Mortgage, LLC 4 4.91% $7,301
PENNYMAC LOAN SERVICES, LLC 4 3.88% $5,401
SECURITYNATIONAL MORTGAGE COMPANY 4 4.34% $11,469
RAPID MORTGAGE COMPANY 3 5.38% $9,789
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.92% $14,519
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 4.16% $6,680
Century Mortgage Company DBA Century Lending Company 3 4.71% $5,809
Wells Fargo Bank 3 5.67% $6,160
HOMESPIRE MORTGAGE CORPORATION 3 5.67% $12,109
AMERICAN FINANCING CORPORATION 3 5.08% $7,094
Hometown Equity Mortgage, LLC 3 4.79% $7,813
Mortgage Research Center, LLC 3 4.00% $6,593
LIBERTY HOME MORTGAGE CORPORATION 3 5.79% $9,169
MILEND, INC. 3 5.04% $9,513
GENEVA FINANCIAL, LLC 3 5.63% $12,092
Flagstar Bank, FSB 3 5.37% $5,650
BancorpSouth 3 4.75% $7,805
ACOPIA, LLC 3 5.62% $10,364
ZILLOW HOME LOANS, LLC 2 5.75% $7,326
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 2 5.31% $10,409
Bank of England 2 4.50% $10,324
BANKSOUTH MORTGAGE COMPANY, LLC 2 5.13% $6,841
CALCON MUTUAL MORTGAGE LLC 2 5.19% $15,138
CERTAINTY HOME LOANS, LLC 2 5.38% $9,128
CHURCHILL MORTGAGE CORPORATION 2 5.19% $7,844
GUARANTEED RATE AFFINITY, LLC 2 5.19% $8,763
HOMESIDE FINANCIAL, LLC 2 4.00% $8,339
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 4.69% $11,500
PANORAMA MORTGAGE GROUP, LLC 2 5.88% $12,929
South State Bank 2 4.94% $6,545
SUMMIT FUNDING, INC. 2 4.50% $8,416
The Federal Savings Bank 2 5.88% $7,661
THE MORTGAGE FIRM, INC. 2 5.06% $6,653
TOWNE MORTGAGE COMPANY 2 5.00% $11,036
United Bank 2 6.38% $11,968
Truist 1 3.75% $5,795
Magnolia Bank 1 6.88% $9,027
LAND HOME FINANCIAL SERVICES, INC. 1 5.25% $12,614
PLANET HOME LENDING, LLC 1 4.38% $6,728
Lakeview Community Capital, LLC 1 4.38% $3,154
PLAZA HOME MORTGAGE, INC. 1 4.63% $7,255
PNC Bank 1 4.00% $6,607
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.00% $7,880
Ixonia Bank 1 4.13% $11,027
Queensborough National Bank & Trust Company 1 4.75% $5,954
First Guaranty Mortgage Corporation 1 4.63% $11,609
FirstBank 1 4.50% $7,310
RELIANCE FIRST CAPITAL, LLC 1 3.25% $9,580
Evolve Bank & Trust 1 5.75% $12,313
ROYAL UNITED MORTGAGE LLC 1 7.13% $4,498
RUOFF MORTGAGE COMPANY, INC. 1 4.75% $5,153
EMM LOANS LLC 1 4.75% $7,454
EMBRACE HOME LOANS, INC. 1 5.75% $3,890
ALLIED MORTGAGE GROUP, INC. 1 5.38% $8,604
SOUTHWEST STAGE FUNDING, LLC 1 6.25% $3,361
SOVEREIGN LENDING GROUP INCORPORATED 1 4.63% $11,393
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 4.75% $11,174
SUCCESS MORTGAGE PARTNERS, INC. 1 5.63% $13,738
CMG MORTGAGE, INC. 1 2.99% $12,732
COMPASS MORTGAGE, INC. 1 6.63% $10,451
BETTER MORTGAGE CORPORATION 1 5.63% $14,768
Barrington Bank & Trust Company, N.A. 1 6.25% $6,775
THRIVE MORTGAGE, LLC 1 7.25% $14,062
TJC Mortgage, Inc. 1 4.75% $13,741
TOP FLITE FINANCIAL, INC. 1 5.50% $18,273
Bank of America 1 5.88% $2,533
NATIONWIDE MORTGAGE BANKERS, INC. 1 4.75% $10,468
MY MORTGAGE, INC. 1 7.13% $11,394
MASON MCDUFFIE MORTGAGE CORPORATION 1 3.13% $6,225
North American Savings Bank, F.S.B. 1 4.00% $8,277
Northpointe Bank 1 3.63% $8,280
NP, Inc. 1 5.63% $16,440
OCMBC, INC. 1 6.75% $15,532

The top Macon FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 93 FHA loans originated. Their average total fees are $7,528, which is $906 lower than the next largest lender, ATLANTIC BAY MORTGAGE GROUP, L.L.C..

The lowest fee Macon FHA lenders (with over 10 loans originated) are Renasant Bank ($6,721), CALIBER HOME LOANS, INC. ($7,057), QUICKEN LOANS, LLC ($7,528), CROSSCOUNTRY MORTGAGE, LLC ($7,859) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,941).

The lowest rate Macon FHA lenders (with over 10 loans originated) are HOMESTAR FINANCIAL CORPORATION (4.46%), AMERISAVE MORTGAGE CORPORATION (4.64%), CRESCENT MORTGAGE COMPANY (4.71%), Mr. Cooper ( Nationstar Mortgage ) (4.75%) and QUICKEN LOANS, LLC (4.77%).

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
MACON-BIBB COUNTY, GA BIBB 2023 $472,030 $604,400 $730,525 $907,900
MACON-BIBB COUNTY, GA CRAWFORD 2023 $472,030 $604,400 $730,525 $907,900
MACON-BIBB COUNTY, GA JONES 2023 $472,030 $604,400 $730,525 $907,900
MACON-BIBB COUNTY, GA MONROE 2023 $472,030 $604,400 $730,525 $907,900
MACON-BIBB COUNTY, GA TWIGGS 2023 $472,030 $604,400 $730,525 $907,900

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%) $202,669 (1.7%) 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%) $213,850 (6.8%) 0.53 864
2018-08-01 $162,300 (4.7%) $216,747 (5.3%) 0.54 878
2018-09-01 $164,000 (9.4%) $219,606 (8.3%) 0.55 883
2018-10-01 $165,000 (17.9%) $219,445 (14.6%) 0.56 883
2018-11-01 $164,000 (13.3%) $222,004 (13.2%) 0.56 881
2018-12-01 $159,500 (12.3%) $217,171 (15.5%) 0.55 850
2019-01-01 $152,990 (8.5%) $218,217 (16.1%) 0.53 791
2019-02-01 $153,973 (10.0%) $219,011 (17.0%) 0.52 803
2019-03-01 $125,671 (-13.3%) $192,902 (-0.9%) 0.41 1,145
2019-04-01 $88,850 (-40.7%) $162,585 (-19.8%) 0.28 1,605
2019-05-01 $90,000 (-40.2%) $166,572 (-20.9%) 0.28 1,616
2019-06-01 $172,000 (9.2%) $242,775 (12.7%) 0.54 935
2019-07-01 $159,990 (0.1%) $235,355 (10.1%) 0.50 953
2019-08-01 $158,602 (-2.3%) $237,016 (9.4%) 0.50 944
2019-09-01 $156,520 (-4.6%) $236,601 (7.7%) 0.50 928
2019-10-01 $157,631 (-4.5%) $239,748 (9.3%) 0.51 910
2019-11-01 $159,990 (-2.5%) $245,946 (10.8%) 0.52 848
2019-12-01 $159,900 (0.3%) $242,357 (11.6%) 0.53 825
2020-01-01 $159,000 (3.9%) $238,455 (9.3%) 0.53 785
2020-02-01 $152,990 (-0.6%) $237,365 (8.4%) 0.50 800
2020-03-01 $150,990 (20.2%) $236,197 (22.4%) 0.47 779
2020-04-01 $150,495 (69.4%) $240,194 (47.7%) 0.47 775
2020-05-01 $158,500 (76.1%) $254,809 (53.0%) 0.48 705
2020-06-01 $163,745 (-4.8%) $266,163 (9.6%) 0.48 594
2020-07-01 $172,423 (7.8%) $271,355 (15.3%) 0.50 583
2020-08-01 $179,900 (13.4%) $281,427 (18.7%) 0.52 503
2020-09-01 $170,450 (8.9%) $278,673 (17.8%) 0.49 470
2020-10-01 $168,995 (7.2%) $493,202 (105.7%) 0.48 464
2020-11-01 $174,945 (9.4%) $289,133 (17.6%) 0.51 436
2020-12-01 $182,495 (14.1%) $298,290 (23.1%) 0.54 423
2021-01-01 $175,990 (10.7%) $295,210 (23.8%) 0.53 397
2021-02-01 $179,300 (17.2%) $289,626 (22.0%) 0.52 348
2021-03-01 $197,400 (30.7%) $292,133 (23.7%) 0.56 354
2021-04-01 $198,300 (31.8%) $295,016 (22.8%) 0.54 369
2021-05-01 $189,900 (19.8%) $264,810 (3.9%) 0.50 371
2021-06-01 $183,445 (12.0%) $261,830 (-1.6%) 0.48 417
2021-07-01 $190,000 (10.2%) $261,584 (-3.6%) 0.50 454
2021-08-01 $196,373 (9.2%) $258,634 (-8.1%) 0.52 499
2021-09-01 $208,868 (22.5%) $327,487 (17.5%) 0.56 542
2021-10-01 $214,995 (27.2%) $427,097 (-13.4%) 0.57 492
2021-11-01 $213,240 (21.9%) $452,708 (56.6%) 0.57 467
2021-12-01 $207,748 (13.8%) $472,086 (58.3%) 0.56 402
2022-01-01 $199,000 (13.1%) $468,284 (58.6%) 0.54 402
2022-02-01 $167,550 (-6.6%) $445,081 (53.7%) 0.44 394
2022-03-01 $169,950 (-13.9%) $337,399 (15.5%) 0.43 394
2022-04-01 $187,900 (-5.2%) $462,495 (56.8%) 0.45 391
2022-05-01 $214,500 (13.0%) $572,196 (116.1%) 0.49 425
2022-06-01 $232,500 (26.7%) $454,531 (73.6%) 0.52 481
2022-07-01 $239,990 (26.3%) $461,285 (76.3%) 0.54 516
2022-08-01 $229,947 (17.1%) $427,164 (65.2%) 0.53 527
2022-09-01 $235,000 (12.5%) $396,524 (21.1%) 0.55 538
2022-10-01 $225,000 (4.7%) $390,903 (-8.5%) 0.53 562
2022-11-01 $225,000 (5.5%) $413,142 (-8.7%) 0.54 579
2022-12-01 $239,450 (15.3%) $417,961 (-11.5%) 0.59 561
2023-01-01 $236,975 (19.1%) $405,444 (-13.4%) 0.59 549
2023-02-01 $209,073 (24.8%) $312,295 (-29.8%) 0.50 531
2023-03-01 $227,000 (33.6%) $293,360 (-13.1%) 0.54 529
2023-04-01 $232,500 (23.7%) $287,293 (-37.9%) 0.54 545
2023-05-01 $244,900 (14.2%) $292,299 (-48.9%) 0.56 550
2023-06-01 $259,375 (11.6%) $303,360 (-33.3%) 0.58 562
2023-07-01 $259,000 (7.9%) $305,180 (-33.8%) 0.59 593
2023-08-01 $252,075 (9.6%) $300,382 (-29.7%) 0.58 645
2023-09-01 $249,900 (6.3%) $292,115 (-26.3%) 0.58 688
2023-10-01 $240,000 (6.7%) $291,622 (-25.4%) 0.56 726
2023-11-01 $233,931 (4.0%) $288,200 (-30.2%) 0.56 721
2023-12-01 $225,000 (-6.0%) $282,654 (-32.4%) 0.55 694
2024-01-01 $229,950 (-3.0%) $280,682 (-30.8%) 0.56 683
Macon's median listing price for 2024-01-01 was $229,950, a difference of $-7,025 (-3.0%) versus the prior year and $4,950 versus the prior month.

Macon's median listing price comes in at 56% of the national average.

Macon's average listing price for 2024-01-01 was $280,682, a difference of $-124,762 (-30.8%) versus the prior year and $-1,972 versus the prior month.

For the 2024-01-01 period, Macon had 683 MLS listings, a difference of -11 listings (-2%) versus the prior month and 134 listings (24%) 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 79 days 1,914 sqft
2018-02-01 82 days 1,917 sqft
2018-03-01 66 days 1,981 sqft
2018-04-01 70 days 2,020 sqft
2018-05-01 67 days 2,021 sqft
2018-06-01 73 days 2,024 sqft
2018-07-01 74 days 2,021 sqft
2018-08-01 71 days 2,051 sqft
2018-09-01 79 days 2,033 sqft
2018-10-01 83 days 2,074 sqft
2018-11-01 88 days 2,052 sqft
2018-12-01 93 days 2,007 sqft
2019-01-01 102 days 1,982 sqft
2019-02-01 97 days 1,955 sqft
2019-03-01 83 days 1,969 sqft
2019-04-01 76 days 2,000 sqft
2019-05-01 77 days 2,027 sqft
2019-06-01 74 days 2,017 sqft
2019-07-01 73 days 2,007 sqft
2019-08-01 77 days 2,004 sqft
2019-09-01 80 days 1,995 sqft
2019-10-01 85 days 1,990 sqft
2019-11-01 92 days 2,007 sqft
2019-12-01 93 days 1,998 sqft
2020-01-01 100 days 1,971 sqft
2020-02-01 84 days 1,897 sqft
2020-03-01 67 days 1,886 sqft
2020-04-01 76 days 1,870 sqft
2020-05-01 75 days 1,886 sqft
2020-06-01 81 days 1,964 sqft
2020-07-01 65 days 2,070 sqft
2020-08-01 68 days 2,085 sqft
2020-09-01 63 days 1,957 sqft
2020-10-01 59 days 1,897 sqft
2020-11-01 53 days 1,902 sqft
2020-12-01 54 days 1,928 sqft
2021-01-01 54 days 1,950 sqft
2021-02-01 50 days 1,949 sqft
2021-03-01 42 days 1,961 sqft
2021-04-01 39 days 1,961 sqft
2021-05-01 44 days 1,927 sqft
2021-06-01 38 days 1,863 sqft
2021-07-01 47 days 1,866 sqft
2021-08-01 47 days 1,908 sqft
2021-09-01 46 days 1,968 sqft
2021-10-01 51 days 1,960 sqft
2021-11-01 56 days 1,972 sqft
2021-12-01 59 days 1,933 sqft
2022-01-01 54 days 1,800 sqft
2022-02-01 36 days 1,666 sqft
2022-03-01 34 days 1,671 sqft
2022-04-01 37 days 1,786 sqft
2022-05-01 39 days 1,850 sqft
2022-06-01 33 days 1,885 sqft
2022-07-01 43 days 1,886 sqft
2022-08-01 47 days 1,871 sqft
2022-09-01 45 days 1,929 sqft
2022-10-01 43 days 1,914 sqft
2022-11-01 49 days 1,920 sqft
2022-12-01 61 days 1,908 sqft
2023-01-01 61 days 1,924 sqft
2023-02-01 52 days 1,869 sqft
2023-03-01 49 days 1,877 sqft
2023-04-01 44 days 1,899 sqft
2023-05-01 46 days 1,972 sqft
2023-06-01 48 days 2,100 sqft
2023-07-01 48 days 2,100 sqft
2023-08-01 49 days 2,075 sqft
2023-09-01 54 days 1,976 sqft
2023-10-01 56 days 1,952 sqft
2023-11-01 61 days 1,909 sqft
2023-12-01 72 days 1,870 sqft
2024-01-01 72 days 1,866 sqft
Macon's median listing age (time on market) for 2024-01-01 was 72 days. This is 18% longer than the same period one year ago.

Macon's median square footage for active listings during the 2024-01-01 period was 1,866 sqft. One year prior, the average listing was 1,924 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).