Savannah FHA Loan Rates, Closing Costs & Stats

SAVANNAH, 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.

    Savannah's 137 lenders originated 1,499 FHA loans during 2024. The total origination value was $440,365,000, with an average FHA loan value of $293,773.

    Savannah FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Savannah averaged 6.9% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

    Savannah's average FHA mortgage closing costs are $8,725.

    The average rate for the prior week (2025-05-16) was 6.83% and one month ago for the week of 2025-04-18, the average rate was 6.56%.

    The average rate one year ago was 6.63%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.27%.

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

    Savannah 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 Savannah level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 162 6.13% $14,576
    QUICKEN LOANS, LLC 142 6.25% $12,240
    BROKER SOLUTIONS, INC. 115 6.58% $12,195
    DHI MORTGAGE COMPANY, LTD. 111 5.11% $8,733
    GUILD MORTGAGE COMPANY 63 6.44% $12,441
    PENNYMAC LOAN SERVICES, LLC 45 6.05% $12,836
    VANDERBILT MORTGAGE AND FINANCE, INC. 43 6.01% $12,425
    BANKSOUTH MORTGAGE COMPANY, LLC 39 6.32% $13,100
    Flagstar Bank, FSB 38 5.99% $11,982
    MOVEMENT MORTGAGE, LLC 32 6.70% $10,973
    FREEDOM MORTGAGE CORPORATION 31 6.39% $12,900
    LOANDEPOT.COM, LLC 25 6.21% $13,500
    FIRST CONTINENTAL MORTGAGE, LTD. 25 6.37% $7,331
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 23 6.49% $11,892
    Plains Commerce Bank 20 6.49% $17,411
    EAGLE HOME MORTGAGE, LLC 20 5.85% $15,055
    Ameris Bank 17 6.39% $11,796
    TOWNE MORTGAGE COMPANY 15 6.54% $12,417
    AMERICAN FINANCIAL NETWORK, INC. 15 6.78% $13,495
    SOUTHPOINT FINANCIAL SERVICES, INC. 15 6.83% $9,989
    EMM LOANS LLC 15 6.15% $10,645
    CANOPY MORTGAGE, LLC 13 6.16% $16,027
    Mr. Cooper ( Nationstar Mortgage ) 13 6.56% $15,061
    Colony Bank 12 6.09% $13,240
    Century Mortgage Company DBA Century Lending Company 12 6.35% $9,887
    PLANET HOME LENDING, LLC 12 6.72% $13,353
    Mortgage Research Center, LLC 10 6.52% $9,009
    Carrington Mortgage Services, LLC 9 5.94% $13,228
    MUTUAL OF OMAHA MORTGAGE, INC. 9 6.17% $14,917
    Equity Prime Mortgage LLC 9 6.50% $14,263
    VILLAGE CAPITAL MORTGAGE 9 6.54% $8,379
    INSPIRE HOME LOANS INC. 9 5.61% $11,048
    Truist 8 6.06% $9,799
    CROSSCOUNTRY MORTGAGE, LLC 8 6.25% $15,538
    SUMMIT FUNDING, INC. 8 6.92% $12,453
    AmeriHome Mortgage Company, LLC 8 6.53% $7,559
    MILEND, INC. 8 6.38% $15,213
    AMERISAVE MORTGAGE CORPORATION 7 6.41% $13,703
    GUARANTEED RATE, INC. 7 6.64% $11,461
    LAKEVIEW LOAN SERVICING, LLC 7 6.46% $12,223
    NEWREZ LLC 7 6.57% $11,648
    Renasant Bank 7 6.04% $15,405
    JET HOMELOANS, LLC 6 5.51% $12,142
    JPMorgan Chase Bank 5 6.75% $8,527
    Magnolia Bank 5 6.10% $11,772
    BAY EQUITY LLC 5 5.78% $14,871
    ACOPIA, LLC 5 6.35% $13,251
    CMG MORTGAGE, INC. 5 5.92% $13,721
    US MORTGAGE CORPORATION 5 6.73% $14,518
    HOMESIDE FINANCIAL, LLC 5 6.54% $11,405
    Paramount Residential Mortgage Group, Inc. 4 6.91% $13,861
    M&T Bank 4 6.16% $12,048
    SWBC MORTGAGE CORPORATION 4 6.69% $9,756
    South State Bank 4 6.44% $9,893
    ZILLOW HOME LOANS, LLC 4 6.63% $10,409
    VERITAS FUNDING, LLC 4 6.34% $16,916
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 5.66% $14,832
    LOANPAL, LLC 4 5.44% $13,317
    Sierra Pacific Mortgage Company, Inc. 3 6.21% $10,876
    ENDEAVOR CAPITAL, LLC. 3 6.67% $10,005
    SUN WEST MORTGAGE COMPANY, INC. 3 6.50% $13,758
    TOP FLITE FINANCIAL, INC. 3 7.00% $13,877
    CARDINAL FINANCIAL 3 5.79% $17,261
    Northpointe Bank 3 6.75% $11,518
    BancorpSouth 3 6.33% $12,278
    NFM, INC. 3 6.75% $15,946
    Loan Simple, Inc. 3 6.67% $13,325
    MORTGAGE INVESTORS GROUP, INC. 3 6.08% $11,384
    Prosperity Home Mortgage, LLC 3 6.04% $13,975
    Gateway First Bank 3 6.75% $8,374
    Synovus Bank 2 6.13% $11,940
    ABSOLUTE HOME MORTGAGE CORPORATION 2 7.19% $13,234
    BETTER MORTGAGE CORPORATION 2 5.81% $11,959
    FIRST COMMUNITY MORTGAGE, INC. 2 7.06% $10,769
    Franklin Loan Corporation 2 5.62% $17,344
    HOMESPIRE MORTGAGE CORPORATION 2 6.44% $9,407
    INTERCOASTAL MORTGAGE COMPANY 2 6.44% $9,333
    LIBERTY HOME MORTGAGE CORPORATION 2 7.13% $11,667
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.00% $11,111
    NORWICH COMMERCIAL GROUP, INC. 2 6.50% $13,852
    OCMBC, INC. 2 6.50% $14,519
    Presidential Bank, FSB 2 5.88% $14,995
    PULTE MORTGAGE LLC 2 5.19% $7,337
    Queensborough National Bank & Trust Company 2 6.56% $10,688
    ROYAL UNITED MORTGAGE LLC 2 6.63% $12,595
    United Community Bank 2 6.75% $8,687
    U.S. Bank 1 6.13% $7,129
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $11,492
    Lakeview Community Capital, LLC 1 6.63% $8,846
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 6.63% $23,895
    PENTAGON FEDERAL CREDIT UNION 1 5.50% $11,469
    PHH Mortgage Corporation 1 6.13% $12,895
    Keystone Funding, Inc. 1 5.75% $10,782
    JMAC LENDING, INC. 1 6.25% $8,042
    PLAZA HOME MORTGAGE, INC. 1 6.38% $11,096
    PNC Bank 1 5.25% $15,131
    PREMIA MORTGAGE, LLC 1 5.75% $5,637
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $12,482
    Armed Forces Bank 1 6.25% $10,653
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $8,107
    INTELLILOAN, INC. 1 5.75% $4,410
    AMERICAN FINANCING CORPORATION 1 4.99% $19,432
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.00% $17,490
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.63% $14,423
    RELIANCE FIRST CAPITAL, LLC 1 6.13% $25,172
    GMFS LLC 1 6.00% $8,556
    ROSS MORTGAGE CORPORATION 1 6.63% $11,754
    Wells Fargo Bank 1 6.63% $8,780
    SeaTrust Mortgage Company 1 6.63% $12,251
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.75% $13,351
    Florida Capital Bank 1 5.75% $8,023
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 5.00% $13,401
    First Option Mortgage, LLC 1 6.75% $9,508
    FBC MORTGAGE, LLC 1 4.99% $10,425
    STOCKTON MORTGAGE CORPORATION 1 6.25% $9,194
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.50% $15,231
    EVERETT FINANCIAL, INC. 1 8.13% $12,055
    DAS Acquisition Company, LLC 1 6.75% $8,990
    Cornerstone First Mortgage, Inc 1 7.13% $17,460
    1ST SIGNATURE LENDING, LLC 1 6.25% $19,749
    The Central Trust Bank 1 5.75% $7,546
    The Federal Savings Bank 1 6.13% $10,347
    The Loan Store, Inc. 1 6.75% $10,721
    CONTOUR MORTGAGE CORPORATION 1 6.63% $14,840
    CityWorth Mortgage LLC 1 6.63% $10,157
    CHURCHILL MORTGAGE CORPORATION 1 6.63% $9,339
    UNION HOME MORTGAGE CORP. 1 6.63% $8,329
    Acre Mortgage and Financial Inc 1 6.25% $12,871
    UNITED MORTGAGE CORP 1 6.75% $11,938
    BMO Harris Bank 1 6.00% $19,286
    NATION ONE MORTGAGE CORPORATION 1 6.13% $16,632
    NATIONS RELIABLE LENDING, LLC 1 7.75% $9,800
    MICHIGAN MUTUAL, INC. 1 6.50% $17,205
    NEXERA HOLDING LLC 1 6.25% $9,420
    MEMBER FIRST MORTGAGE, LLC 1 6.75% $12,731
    NMSI, INC. 1 6.13% $10,487
    MEGASTAR FINANCIAL CORP. 1 5.75% $6,780

    The top Savannah FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 162 FHA loans originated. Their average total fees are $14,576, which is $2,336 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Savannah FHA lenders (with over 10 loans originated) are FIRST CONTINENTAL MORTGAGE, LTD. ($7,331), DHI MORTGAGE COMPANY, LTD. ($8,733), Mortgage Research Center, LLC ($9,009), Century Mortgage Company DBA Century Lending Company ($9,887) and SOUTHPOINT FINANCIAL SERVICES, INC. ($9,989).

    The lowest rate Savannah FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.11%), EAGLE HOME MORTGAGE, LLC (5.85%), Flagstar Bank, FSB (5.99%), VANDERBILT MORTGAGE AND FINANCE, INC. (6.01%) and PENNYMAC LOAN SERVICES, LLC (6.05%).

    Savannah FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Savannah (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 $266,650 (6.9%) $384,285 (12.1%) 0.99 2,367
    2018-02-01 $274,623 (6.7%) $387,796 (9.6%) 1.00 2,425
    2018-03-01 $279,000 (6.3%) $388,826 (7.6%) 0.98 2,526
    2018-04-01 $279,561 (5.5%) $388,248 (5.9%) 0.95 2,542
    2018-05-01 $279,900 (5.6%) $388,548 (6.0%) 0.93 2,563
    2018-06-01 $279,000 (4.3%) $381,338 (2.9%) 0.93 2,591
    2018-07-01 $279,900 (5.2%) $384,867 (3.2%) 0.93 2,529
    2018-08-01 $275,071 (4.6%) $382,995 (4.0%) 0.92 2,467
    2018-09-01 $279,250 (5.4%) $389,745 (5.5%) 0.94 2,417
    2018-10-01 $279,500 (7.3%) $393,779 (6.1%) 0.95 2,445
    2018-11-01 $278,975 (5.3%) $392,039 (4.1%) 0.95 2,542
    2018-12-01 $278,000 (4.9%) $395,523 (4.3%) 0.96 2,500
    2019-01-01 $278,200 (4.3%) $402,217 (4.7%) 0.96 2,427
    2019-02-01 $283,555 (3.3%) $410,377 (5.8%) 0.96 2,412
    2019-03-01 $288,186 (3.3%) $417,281 (7.3%) 0.94 2,434
    2019-04-01 $291,423 (4.2%) $419,903 (8.2%) 0.93 2,487
    2019-05-01 $289,950 (3.6%) $419,564 (8.0%) 0.91 2,484
    2019-06-01 $290,000 (3.9%) $421,639 (10.6%) 0.91 2,443
    2019-07-01 $290,363 (3.7%) $418,300 (8.7%) 0.91 2,438
    2019-08-01 $291,845 (6.1%) $416,150 (8.7%) 0.92 2,437
    2019-09-01 $293,564 (5.1%) $414,237 (6.3%) 0.94 2,449
    2019-10-01 $294,709 (5.4%) $412,962 (4.9%) 0.95 2,446
    2019-11-01 $294,000 (5.4%) $414,040 (5.6%) 0.96 2,356
    2019-12-01 $295,600 (6.3%) $422,490 (6.8%) 0.99 2,328
    2020-01-01 $297,445 (6.9%) $424,131 (5.5%) 0.99 2,195
    2020-02-01 $299,900 (5.8%) $430,805 (5.0%) 0.98 2,211
    2020-03-01 $304,888 (5.8%) $435,587 (4.4%) 0.96 2,182
    2020-04-01 $300,367 (3.1%) $430,237 (2.5%) 0.94 2,215
    2020-05-01 $309,000 (6.6%) $437,326 (4.2%) 0.94 2,120
    2020-06-01 $318,564 (9.9%) $445,897 (5.8%) 0.94 1,966
    2020-07-01 $322,350 (11.0%) $451,189 (7.9%) 0.93 1,850
    2020-08-01 $322,990 (10.7%) $457,713 (10.0%) 0.93 1,704
    2020-09-01 $325,000 (10.7%) $472,791 (14.1%) 0.93 1,618
    2020-10-01 $319,000 (8.2%) $469,196 (13.6%) 0.91 1,564
    2020-11-01 $304,360 (3.5%) $455,906 (10.1%) 0.89 1,537
    2020-12-01 $300,000 (1.5%) $452,665 (7.1%) 0.89 1,414
    2021-01-01 $305,000 (2.5%) $464,487 (9.5%) 0.91 1,204
    2021-02-01 $306,788 (2.3%) $482,200 (11.9%) 0.89 1,009
    2021-03-01 $312,060 (2.4%) $500,798 (15.0%) 0.89 832
    2021-04-01 $319,725 (6.4%) $496,215 (15.3%) 0.87 759
    2021-05-01 $321,308 (4.0%) $516,510 (18.1%) 0.85 737
    2021-06-01 $322,484 (1.2%) $526,045 (18.0%) 0.85 726
    2021-07-01 $329,000 (2.1%) $523,504 (16.0%) 0.87 791
    2021-08-01 $329,500 (2.0%) $526,566 (15.0%) 0.88 776
    2021-09-01 $329,248 (1.3%) $537,634 (13.7%) 0.88 768
    2021-10-01 $339,857 (6.5%) $546,272 (16.4%) 0.91 733
    2021-11-01 $339,102 (11.4%) $543,500 (19.2%) 0.91 654
    2021-12-01 $349,450 (16.5%) $560,952 (23.9%) 0.95 602
    2022-01-01 $349,610 (14.6%) $577,187 (24.3%) 0.95 494
    2022-02-01 $372,080 (21.3%) $616,999 (28.0%) 0.97 422
    2022-03-01 $383,128 (22.8%) $629,561 (25.7%) 0.96 436
    2022-04-01 $395,000 (23.5%) $640,365 (29.1%) 0.94 453
    2022-05-01 $394,725 (22.9%) $609,964 (18.1%) 0.90 603
    2022-06-01 $399,900 (24.0%) $608,139 (15.6%) 0.89 694
    2022-07-01 $404,842 (23.1%) $611,510 (16.8%) 0.91 832
    2022-08-01 $399,000 (21.1%) $589,938 (12.0%) 0.92 939
    2022-09-01 $399,900 (21.5%) $601,566 (11.9%) 0.93 952
    2022-10-01 $400,000 (17.7%) $606,646 (11.1%) 0.94 1,004
    2022-11-01 $399,701 (17.9%) $594,487 (9.4%) 0.96 1,046
    2022-12-01 $399,900 (14.4%) $595,112 (6.1%) 0.99 1,006
    2023-01-01 $399,495 (14.3%) $594,455 (3.0%) 0.99 900
    2023-02-01 $399,048 (7.3%) $612,638 (-0.7%) 0.96 757
    2023-03-01 $409,257 (6.8%) $625,888 (-0.6%) 0.97 757
    2023-04-01 $428,048 (8.4%) $665,390 (3.9%) 1.00 693
    2023-05-01 $432,975 (9.7%) $679,370 (11.4%) 0.98 738
    2023-06-01 $432,450 (8.1%) $856,648 (40.9%) 0.97 792
    2023-07-01 $425,000 (5.0%) $850,067 (39.0%) 0.97 797
    2023-08-01 $425,998 (6.8%) $840,921 (42.5%) 0.98 824
    2023-09-01 $429,941 (7.5%) $834,273 (38.7%) 1.00 879
    2023-10-01 $426,604 (6.7%) $819,183 (35.0%) 1.00 998
    2023-11-01 $417,250 (4.4%) $810,060 (36.3%) 0.99 1,054
    2023-12-01 $423,115 (5.8%) $797,093 (33.9%) 1.03 1,025
    2024-01-01 $420,500 (5.3%) $828,422 (39.4%) 1.03 937
    2024-02-01 $430,495 (7.9%) $872,123 (42.4%) 1.04 919
    2024-03-01 $439,900 (7.5%) $887,535 (41.8%) 1.04 938
    2024-04-01 $429,900 (0.4%) $859,139 (29.1%) 1.00 1,082
    2024-05-01 $440,175 (1.7%) $850,577 (25.2%) 1.00 1,123
    2024-06-01 $438,081 (1.3%) $798,429 (-6.8%) 1.00 1,280
    2024-07-01 $430,500 (1.3%) $788,645 (-7.2%) 0.98 1,418
    2024-08-01 $425,000 (-0.2%) $776,341 (-7.7%) 0.99 1,469
    2024-09-01 $432,450 (0.6%) $758,604 (-9.1%) 1.02 1,522
    2024-10-01 $435,233 (2.0%) $766,402 (-6.4%) 1.02 1,562
    2024-11-01 $426,558 (2.2%) $759,259 (-6.3%) 1.02 1,648
    2024-12-01 $423,906 (0.2%) $721,501 (-9.5%) 1.05 1,640
    2025-01-01 $421,450 (0.2%) $645,727 (-22.1%) 1.05 1,552
    2025-02-01 $425,000 (-1.3%) $649,546 (-25.5%) 1.03 1,587
    2025-03-01 $430,000 (-2.3%) $654,674 (-26.2%) 1.01 1,748
    2025-04-01 $435,000 (1.2%) $639,740 (-25.5%) 1.01 1,892
    Savannah's median listing price for 2025-04-01 was $435,000, a difference of $5,100 (1.2%) versus the prior year and $5,000 versus the prior month.

    Savannah's median listing price comes in at 101% of the national average.

    Savannah's average listing price for 2025-04-01 was $639,740, a difference of $-219,399 (-25.5%) versus the prior year and $-14,934 versus the prior month.

    For the 2025-04-01 period, Savannah had 1,892 MLS listings, a difference of 144 listings (8%) versus the prior month and 810 listings (75%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Savannah (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 92 days 2,173 sqft
    2018-02-01 83 days 2,200 sqft
    2018-03-01 61 days 2,248 sqft
    2018-04-01 64 days 2,264 sqft
    2018-05-01 66 days 2,239 sqft
    2018-06-01 68 days 2,224 sqft
    2018-07-01 72 days 2,228 sqft
    2018-08-01 77 days 2,192 sqft
    2018-09-01 79 days 2,209 sqft
    2018-10-01 77 days 2,200 sqft
    2018-11-01 75 days 2,201 sqft
    2018-12-01 81 days 2,202 sqft
    2019-01-01 89 days 2,200 sqft
    2019-02-01 92 days 2,211 sqft
    2019-03-01 78 days 2,238 sqft
    2019-04-01 65 days 2,262 sqft
    2019-05-01 64 days 2,279 sqft
    2019-06-01 67 days 2,294 sqft
    2019-07-01 71 days 2,293 sqft
    2019-08-01 73 days 2,289 sqft
    2019-09-01 76 days 2,289 sqft
    2019-10-01 78 days 2,286 sqft
    2019-11-01 84 days 2,273 sqft
    2019-12-01 88 days 2,245 sqft
    2020-01-01 95 days 2,247 sqft
    2020-02-01 87 days 2,253 sqft
    2020-03-01 69 days 2,296 sqft
    2020-04-01 74 days 2,290 sqft
    2020-05-01 78 days 2,300 sqft
    2020-06-01 80 days 2,295 sqft
    2020-07-01 71 days 2,345 sqft
    2020-08-01 64 days 2,312 sqft
    2020-09-01 65 days 2,270 sqft
    2020-10-01 65 days 2,203 sqft
    2020-11-01 64 days 2,147 sqft
    2020-12-01 69 days 2,104 sqft
    2021-01-01 75 days 2,097 sqft
    2021-02-01 57 days 2,056 sqft
    2021-03-01 45 days 2,036 sqft
    2021-04-01 41 days 2,055 sqft
    2021-05-01 33 days 2,103 sqft
    2021-06-01 38 days 2,041 sqft
    2021-07-01 36 days 2,094 sqft
    2021-08-01 40 days 2,007 sqft
    2021-09-01 44 days 2,017 sqft
    2021-10-01 50 days 2,047 sqft
    2021-11-01 53 days 2,046 sqft
    2021-12-01 56 days 2,064 sqft
    2022-01-01 60 days 2,046 sqft
    2022-02-01 30 days 2,081 sqft
    2022-03-01 26 days 2,112 sqft
    2022-04-01 26 days 2,160 sqft
    2022-05-01 19 days 2,129 sqft
    2022-06-01 25 days 2,217 sqft
    2022-07-01 30 days 2,161 sqft
    2022-08-01 37 days 2,161 sqft
    2022-09-01 44 days 2,151 sqft
    2022-10-01 48 days 2,126 sqft
    2022-11-01 50 days 2,156 sqft
    2022-12-01 58 days 2,126 sqft
    2023-01-01 68 days 2,132 sqft
    2023-02-01 63 days 2,114 sqft
    2023-03-01 45 days 2,184 sqft
    2023-04-01 41 days 2,244 sqft
    2023-05-01 32 days 2,236 sqft
    2023-06-01 33 days 2,200 sqft
    2023-07-01 39 days 2,161 sqft
    2023-08-01 40 days 2,087 sqft
    2023-09-01 42 days 2,081 sqft
    2023-10-01 44 days 2,092 sqft
    2023-11-01 49 days 2,042 sqft
    2023-12-01 55 days 2,008 sqft
    2024-01-01 60 days 1,977 sqft
    2024-02-01 49 days 2,021 sqft
    2024-03-01 43 days 2,060 sqft
    2024-04-01 40 days 2,027 sqft
    2024-05-01 40 days 2,093 sqft
    2024-06-01 43 days 2,080 sqft
    2024-07-01 48 days 2,023 sqft
    2024-08-01 52 days 2,007 sqft
    2024-09-01 58 days 2,041 sqft
    2024-10-01 60 days 2,039 sqft
    2024-11-01 64 days 1,983 sqft
    2024-12-01 66 days 1,970 sqft
    2025-01-01 73 days 1,970 sqft
    2025-02-01 66 days 1,959 sqft
    2025-03-01 51 days 1,980 sqft
    2025-04-01 49 days 2,032 sqft
    Savannah's median listing age (time on market) for 2025-04-01 was 49 days. This is 23% longer than the same period one year ago.

    Savannah's median square footage for active listings during the 2025-04-01 period was 2,032 sqft. One year prior, the average listing was 2,027 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).