Moultrie FHA Loan Rates, Closing Costs & Stats

Moultrie, 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.

    Moultrie's 29 lenders originated 99 FHA loans during 2023. The total origination value was $18,525,000, with an average FHA loan value of $187,121.

    Moultrie FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Moultrie averaged 6.92% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Moultrie's average FHA mortgage closing costs are $6,808.

    The average rate for the prior week (2024-04-12) was 6.91% and one month ago for the week of 2024-03-15, the average rate was 6.88%.

    The average rate one year ago was 6.31%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Moultrie 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 Moultrie level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Flagstar Bank, FSB 35 6.49% $9,264
    QUICKEN LOANS, LLC 11 6.48% $7,520
    UNITED WHOLESALE MORTGAGE, LLC 5 6.50% $12,257
    HOMESTAR FINANCIAL CORPORATION 4 6.88% $4,322
    Ameris Bank 4 6.75% $7,792
    Colony Bank 4 7.16% $6,334
    Renasant Bank 3 6.17% $7,223
    BROKER SOLUTIONS, INC. 2 6.94% $12,213
    Mr. Cooper ( Nationstar Mortgage ) 2 7.00% $10,560
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.50% $7,448
    BANKSOUTH MORTGAGE COMPANY, LLC 2 6.88% $10,896
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $8,621
    Bank of England 1 6.63% $13,987
    GUARANTEED RATE, INC. 1 6.75% $10,307
    AMERICAN FINANCIAL NETWORK, INC. 1 7.00% $4,985
    Ixonia Bank 1 7.13% $9,350
    LOANDEPOT.COM, LLC 1 5.63% $10,101
    Loan Simple, Inc. 1 7.13% $6,860
    Carrington Mortgage Services, LLC 1 6.63% $17,836
    TOWNE MORTGAGE COMPANY 1 6.63% $6,107
    NBKC BANK 1 7.00% $8,244
    PENNYMAC LOAN SERVICES, LLC 1 6.75% $4,281
    PLAZA HOME MORTGAGE, INC. 1 5.75% $16,185
    Presidential Bank, FSB 1 6.75% $10,311
    AmeriHome Mortgage Company, LLC 1 6.13% $8,491
    Regions Bank 1 7.25% $6,307
    AMERICAN FINANCING CORPORATION 1 5.75% $12,272
    CROSSCOUNTRY MORTGAGE, LLC 1 6.00% $9,011
    EMM LOANS LLC 1 5.75% $9,184

    The top Moultrie FHA lender as defined by loan originations is Flagstar Bank, FSB, with 35 FHA loans originated. Their average total fees are $9,264, which is $1,744 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Moultrie FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($7,520), Flagstar Bank, FSB ($9,264), .

    The lowest rate Moultrie FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.48%), Flagstar Bank, FSB (6.49%), .

    Moultrie FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Moultrie (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 $158,675 (5.9%) $208,924 (5.8%) 0.00 123
    2018-02-01 $159,900 (7.0%) $203,725 (2.5%) 0.00 126
    2018-03-01 $159,900 (10.3%) $203,425 (2.1%) 0.00 126
    2018-04-01 $164,700 (15.6%) $206,022 (3.4%) 0.00 129
    2018-05-01 $164,800 (15.7%) $205,335 (4.6%) 0.00 136
    2018-06-01 $164,500 (23.5%) $212,101 (11.9%) 0.00 133
    2018-07-01 $156,650 (16.1%) $211,456 (12.7%) 0.00 135
    2018-08-01 $152,450 (4.1%) $202,739 (3.1%) 0.00 131
    2018-09-01 $157,500 (7.6%) $196,058 (0.9%) 0.00 139
    2018-10-01 $153,675 (3.0%) $185,222 (-7.5%) 0.00 137
    2018-11-01 $154,900 (1.7%) $190,588 (-5.7%) 0.00 127
    2018-12-01 $149,900 (-3.3%) $193,561 (-6.2%) 0.00 111
    2019-01-01 $158,400 (-0.2%) $196,064 (-6.2%) 0.00 107
    2019-02-01 $154,900 (-3.1%) $191,861 (-5.8%) 0.00 118
    2019-03-01 $160,850 (0.6%) $200,420 (-1.5%) 0.00 112
    2019-04-01 $169,339 (2.8%) $214,938 (4.3%) 0.00 105
    2019-05-01 $164,925 (0.1%) $210,328 (2.4%) 0.00 107
    2019-06-01 $188,250 (14.4%) $222,691 (5.0%) 0.00 98
    2019-07-01 $189,900 (21.2%) $230,097 (8.8%) 0.00 102
    2019-08-01 $189,900 (24.6%) $228,397 (12.7%) 0.00 100
    2019-09-01 $189,900 (20.6%) $224,295 (14.4%) 0.00 97
    2019-10-01 $189,900 (23.6%) $221,017 (19.3%) 0.00 94
    2019-11-01 $191,700 (23.8%) $222,216 (16.6%) 0.00 90
    2019-12-01 $187,450 (25.1%) $220,063 (13.7%) 0.00 76
    2020-01-01 $191,150 (20.7%) $223,810 (14.2%) 0.00 69
    2020-02-01 $187,450 (21.0%) $223,809 (16.7%) 0.00 71
    2020-03-01 $192,700 (19.8%) $226,308 (12.9%) 0.00 68
    2020-04-01 $177,450 (4.8%) $213,283 (-0.8%) 0.00 73
    2020-05-01 $185,000 (12.2%) $225,700 (7.3%) 0.00 66
    2020-06-01 $191,175 (1.6%) $222,453 (-0.1%) 0.00 65
    2020-07-01 $199,900 (5.3%) $235,005 (2.1%) 0.00 58
    2020-08-01 $199,900 (5.3%) $225,763 (-1.2%) 0.00 54
    2020-09-01 $196,150 (3.3%) $225,313 (0.5%) 0.00 48
    2020-10-01 $202,950 (6.9%) $234,334 (6.0%) 0.00 46
    2020-11-01 $202,950 (5.9%) $238,176 (7.2%) 0.00 47
    2020-12-01 $217,175 (15.9%) $256,509 (16.6%) 0.00 42
    2021-01-01 $221,950 (16.1%) $268,664 (20.0%) 0.00 35
    2021-02-01 $237,400 (26.7%) $252,160 (12.7%) 0.00 44
    2021-03-01 $229,900 (19.3%) $234,733 (3.7%) 0.00 43
    2021-04-01 $274,500 (54.7%) $270,312 (26.7%) 0.00 29
    2021-05-01 $282,450 (52.7%) $291,267 (29.1%) 0.00 28
    2021-06-01 $261,175 (36.6%) $271,032 (21.8%) 0.00 28
    2021-07-01 $269,900 (35.0%) $299,811 (27.6%) 0.00 27
    2021-08-01 $229,925 (15.0%) $282,606 (25.2%) 0.00 42
    2021-09-01 $222,498 (13.4%) $273,234 (21.3%) 0.00 46
    2021-10-01 $222,500 (9.6%) $290,630 (24.0%) 0.00 42
    2021-11-01 $238,225 (17.4%) $301,807 (26.7%) 0.00 36
    2021-12-01 $225,000 (3.6%) $272,735 (6.3%) 0.00 40
    2022-01-01 $204,950 (-7.7%) $252,631 (-6.0%) 0.00 41
    2022-02-01 $173,450 (-26.9%) $272,985 (8.3%) 0.00 41
    2022-03-01 $189,900 (-17.4%) $284,098 (21.0%) 0.00 42
    2022-04-01 $166,950 (-39.2%) $256,888 (-5.0%) 0.00 43
    2022-05-01 $248,675 (-12.0%) $271,707 (-6.7%) 0.00 46
    2022-06-01 $267,475 (2.4%) $294,636 (8.7%) 0.00 41
    2022-07-01 $262,000 (-2.9%) $270,750 (-9.7%) 0.00 44
    2022-08-01 $218,500 (-5.0%) $258,128 (-8.7%) 0.00 45
    2022-09-01 $258,725 (16.3%) $268,554 (-1.7%) 0.00 46
    2022-10-01 $255,000 (14.6%) $253,549 (-12.8%) 0.00 55
    2022-11-01 $250,500 (5.2%) $248,033 (-17.8%) 0.00 68
    2022-12-01 $249,750 (11.0%) $251,988 (-7.6%) 0.00 79
    2023-01-01 $271,000 (32.2%) $297,642 (17.8%) 0.00 38
    2023-02-01 $270,250 (55.8%) $278,293 (1.9%) 0.00 44
    2023-03-01 $292,175 (53.9%) $286,362 (0.8%) 0.00 42
    2023-04-01 $299,900 (79.6%) $296,239 (15.3%) 0.00 32
    2023-05-01 $287,200 (15.5%) $295,630 (8.8%) 0.00 36
    2023-06-01 $303,750 (13.6%) $322,082 (9.3%) 0.00 45
    2023-07-01 $285,000 (8.8%) $335,392 (23.9%) 0.00 50
    2023-08-01 $297,500 (36.2%) $355,569 (37.8%) 0.00 47
    2023-09-01 $299,000 (15.6%) $359,413 (33.8%) 0.00 49
    2023-10-01 $302,450 (18.6%) $359,312 (41.7%) 0.00 54
    2023-11-01 $297,450 (18.7%) $337,857 (36.2%) 0.00 50
    2023-12-01 $299,900 (20.1%) $358,830 (42.4%) 0.00 49
    2024-01-01 $289,900 (7.0%) $338,096 (13.6%) 0.00 56
    2024-02-01 $287,450 (6.4%) $336,109 (20.8%) 0.00 46
    2024-03-01 $250,000 (-14.4%) $314,279 (9.8%) 0.00 52
    Moultrie's median listing price for 2024-03-01 was $250,000, a difference of $-42,175 (-14.4%) versus the prior year and $-37,450 versus the prior month.

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

    Moultrie's average listing price for 2024-03-01 was $314,279, a difference of $27,917 (9.8%) versus the prior year and $-21,830 versus the prior month.

    For the 2024-03-01 period, Moultrie had 52 MLS listings, a difference of 6 listings (13%) versus the prior month and 10 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Moultrie (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,014 sqft
    2018-02-01 0 days 1,913 sqft
    2018-03-01 0 days 2,009 sqft
    2018-04-01 0 days 2,048 sqft
    2018-05-01 0 days 2,082 sqft
    2018-06-01 0 days 2,104 sqft
    2018-07-01 0 days 2,082 sqft
    2018-08-01 0 days 2,022 sqft
    2018-09-01 0 days 2,014 sqft
    2018-10-01 0 days 2,006 sqft
    2018-11-01 0 days 2,019 sqft
    2018-12-01 0 days 2,044 sqft
    2019-01-01 0 days 2,072 sqft
    2019-02-01 0 days 1,938 sqft
    2019-03-01 0 days 1,939 sqft
    2019-04-01 0 days 1,979 sqft
    2019-05-01 0 days 1,994 sqft
    2019-06-01 0 days 2,115 sqft
    2019-07-01 0 days 2,059 sqft
    2019-08-01 0 days 2,060 sqft
    2019-09-01 0 days 2,060 sqft
    2019-10-01 0 days 2,060 sqft
    2019-11-01 0 days 2,113 sqft
    2019-12-01 0 days 2,064 sqft
    2020-01-01 0 days 2,077 sqft
    2020-02-01 0 days 2,123 sqft
    2020-03-01 0 days 2,122 sqft
    2020-04-01 0 days 2,067 sqft
    2020-05-01 0 days 2,108 sqft
    2020-06-01 0 days 2,070 sqft
    2020-07-01 0 days 2,169 sqft
    2020-08-01 0 days 2,153 sqft
    2020-09-01 0 days 2,176 sqft
    2020-10-01 0 days 2,176 sqft
    2020-11-01 0 days 2,139 sqft
    2020-12-01 0 days 2,561 sqft
    2021-01-01 0 days 2,650 sqft
    2021-02-01 0 days 2,537 sqft
    2021-03-01 0 days 2,519 sqft
    2021-04-01 0 days 2,666 sqft
    2021-05-01 0 days 2,533 sqft
    2021-06-01 0 days 2,136 sqft
    2021-07-01 0 days 2,319 sqft
    2021-08-01 0 days 2,106 sqft
    2021-09-01 0 days 2,097 sqft
    2021-10-01 0 days 2,111 sqft
    2021-11-01 0 days 2,073 sqft
    2021-12-01 0 days 1,820 sqft
    2022-01-01 0 days 1,821 sqft
    2022-02-01 0 days 2,022 sqft
    2022-03-01 0 days 1,904 sqft
    2022-04-01 0 days 1,953 sqft
    2022-05-01 0 days 2,062 sqft
    2022-06-01 0 days 2,363 sqft
    2022-07-01 0 days 2,356 sqft
    2022-08-01 0 days 1,977 sqft
    2022-09-01 0 days 1,959 sqft
    2022-10-01 0 days 1,944 sqft
    2022-11-01 0 days 1,993 sqft
    2022-12-01 0 days 2,018 sqft
    2023-01-01 0 days 2,141 sqft
    2023-02-01 0 days 1,876 sqft
    2023-03-01 0 days 1,954 sqft
    2023-04-01 0 days 1,862 sqft
    2023-05-01 0 days 1,928 sqft
    2023-06-01 0 days 1,999 sqft
    2023-07-01 0 days 1,876 sqft
    2023-08-01 0 days 2,028 sqft
    2023-09-01 0 days 1,926 sqft
    2023-10-01 0 days 1,895 sqft
    2023-11-01 0 days 1,800 sqft
    2023-12-01 0 days 1,800 sqft
    2024-01-01 0 days 1,746 sqft
    2024-02-01 0 days 1,733 sqft
    2024-03-01 0 days 1,766 sqft
    Moultrie's median listing age (time on market) for 2024-03-01 was 0 days.

    Moultrie's median square footage for active listings during the 2024-03-01 period was 1,766 sqft. One year prior, the average listing was 1,954 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).