St. George FHA Loan Rates, Closing Costs & Stats
ST. GEORGE, UT
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.
St. George's 75 lenders originated 1,515 FHA loans during 2021. The total origination value was $432,735,000, with an average FHA loan value of $285,634.
St. George FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in St. George
averaged
6.01%
for the week of 2023-01-27, compared to the national average (all FHA variants) of
6.186% for the same period.
St. George's average FHA mortgage closing costs are $8,680.
The average rate for the prior week (2023-01-20) was
5.88% and
one month ago for the week of 2022-12-23, the
average rate was 6.17%.
The average rate one year ago was 3.56%.
For refis of the same type during the week of 2023-01-27, the average rate
was 5.97%.
St. George 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 St. George level.
The top St. George FHA lender as defined by loan originations is SUN AMERICAN MORTGAGE COMPANY, with
100 FHA loans originated. Their average total fees are
$10,742, which is $587
lower than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee St. George FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE ($4,063), CHERRY CREEK MORTGAGE, LLC ($4,927), LAKEVIEW LOAN SERVICING, LLC ($5,254), Mr. Cooper ( Nationstar Mortgage ) ($5,326) and FREEDOM MORTGAGE CORPORATION ($5,951).
The lowest rate St. George FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (2.52%), FREEDOM MORTGAGE CORPORATION (2.64%), UNITED WHOLESALE MORTGAGE, LLC (2.65%), VERITAS FUNDING, LLC (2.65%) and VILLAGE CAPITAL MORTGAGE (2.68%).
St. George FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
ST. GEORGE, UT | WASHINGTON | 2022 | $481,850 | $616,850 | $745,650 | $926,650 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - St. George (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $364,950 (6.6%) | $468,710 (0.7%) | 0.00 | 1,049 |
2018-02-01 | $379,450 (8.5%) | $538,718 (14.9%) | 0.00 | 1,149 |
2018-03-01 | $379,900 (8.6%) | $537,314 (16.3%) | 0.00 | 1,142 |
2018-04-01 | $390,875 (11.7%) | $561,402 (21.9%) | 0.00 | 1,072 |
2018-05-01 | $396,250 (6.4%) | $556,838 (6.9%) | 0.00 | 1,053 |
2018-06-01 | $389,000 (4.6%) | $541,935 (4.8%) | 0.00 | 1,064 |
2018-07-01 | $381,942 (6.1%) | $541,181 (6.3%) | 0.00 | 1,098 |
2018-08-01 | $388,900 (6.7%) | $478,965 (-6.5%) | 0.00 | 1,119 |
2018-09-01 | $386,173 (5.8%) | $495,232 (-3.6%) | 0.00 | 1,198 |
2018-10-01 | $379,900 (6.9%) | $484,825 (6.0%) | 0.00 | 1,294 |
2018-11-01 | $377,561 (7.3%) | $477,462 (4.6%) | 0.00 | 1,326 |
2018-12-01 | $379,950 (4.5%) | $479,560 (2.8%) | 0.00 | 1,246 |
2019-01-01 | $379,950 (4.1%) | $479,747 (2.4%) | 0.00 | 1,210 |
2019-02-01 | $397,000 (4.6%) | $493,515 (-8.4%) | 0.00 | 1,367 |
2019-03-01 | $399,900 (5.3%) | $499,491 (-7.0%) | 0.00 | 1,410 |
2019-04-01 | $399,900 (2.3%) | $495,773 (-11.7%) | 0.00 | 1,381 |
2019-05-01 | $399,900 (0.9%) | $501,492 (-9.9%) | 0.00 | 1,263 |
2019-06-01 | $399,900 (2.8%) | $502,356 (-7.3%) | 0.00 | 1,238 |
2019-07-01 | $409,175 (7.1%) | $2,163,622 (299.8%) | 0.00 | 1,189 |
2019-08-01 | $406,664 (4.6%) | $1,746,928 (264.7%) | 0.00 | 1,219 |
2019-09-01 | $402,634 (4.3%) | $1,048,456 (111.7%) | 0.00 | 1,300 |
2019-10-01 | $400,197 (5.3%) | $520,365 (7.3%) | 0.00 | 1,340 |
2019-11-01 | $418,135 (10.8%) | $527,997 (10.6%) | 0.00 | 1,222 |
2019-12-01 | $427,500 (12.5%) | $536,245 (11.8%) | 0.00 | 1,177 |
2020-01-01 | $429,675 (13.1%) | $538,896 (12.3%) | 0.00 | 1,164 |
2020-02-01 | $429,900 (8.3%) | $553,071 (12.1%) | 0.00 | 1,236 |
2020-03-01 | $439,948 (10.0%) | $570,521 (14.2%) | 0.00 | 1,252 |
2020-04-01 | $444,450 (11.1%) | $560,885 (13.1%) | 0.00 | 1,341 |
2020-05-01 | $439,900 (10.0%) | $569,295 (13.5%) | 0.00 | 1,215 |
2020-06-01 | $444,970 (11.3%) | $586,768 (16.8%) | 0.00 | 976 |
2020-07-01 | $454,250 (11.0%) | $603,431 (-72.1%) | 0.00 | 822 |
2020-08-01 | $456,475 (12.3%) | $641,908 (-63.3%) | 0.00 | 669 |
2020-09-01 | $469,950 (16.7%) | $678,874 (-35.3%) | 0.00 | 607 |
2020-10-01 | $500,000 (24.9%) | $758,179 (45.7%) | 0.00 | 516 |
2020-11-01 | $529,925 (26.7%) | $830,935 (57.4%) | 0.00 | 463 |
2020-12-01 | $539,450 (26.2%) | $827,443 (54.3%) | 0.00 | 416 |
2021-01-01 | $549,500 (27.9%) | $837,798 (55.5%) | 0.00 | 315 |
2021-02-01 | $589,864 (37.2%) | $844,813 (52.8%) | 0.00 | 290 |
2021-03-01 | $612,450 (39.2%) | $833,831 (46.2%) | 0.00 | 262 |
2021-04-01 | $637,697 (43.5%) | $838,617 (49.5%) | 0.00 | 257 |
2021-05-01 | $650,000 (47.8%) | $886,132 (55.7%) | 0.00 | 321 |
2021-06-01 | $649,950 (46.1%) | $1,267,726 (116.1%) | 0.00 | 415 |
2021-07-01 | $644,950 (42.0%) | $1,161,837 (92.5%) | 0.00 | 525 |
2021-08-01 | $625,000 (36.9%) | $1,101,619 (71.6%) | 0.00 | 594 |
2021-09-01 | $630,872 (34.2%) | $998,900 (47.1%) | 0.00 | 682 |
2021-10-01 | $620,450 (24.1%) | $989,958 (30.6%) | 0.00 | 704 |
2021-11-01 | $634,500 (19.7%) | $1,014,471 (22.1%) | 0.00 | 620 |
2021-12-01 | $659,950 (22.3%) | $1,098,590 (32.8%) | 0.00 | 508 |
2022-01-01 | $725,000 (31.9%) | $1,212,441 (44.7%) | 0.00 | 402 |
2022-02-01 | $770,000 (30.5%) | $1,272,967 (50.7%) | 0.00 | 372 |
2022-03-01 | $788,475 (28.7%) | $1,249,020 (49.8%) | 0.00 | 434 |
2022-04-01 | $780,000 (22.3%) | $984,437 (17.4%) | 0.00 | 476 |
2022-05-01 | $767,400 (18.1%) | $951,211 (7.3%) | 0.00 | 679 |
2022-06-01 | $739,950 (13.9%) | $900,846 (-28.9%) | 0.00 | 869 |
2022-07-01 | $699,900 (8.5%) | $847,841 (-27.0%) | 0.00 | 1,104 |
2022-08-01 | $667,400 (6.8%) | $799,754 (-27.4%) | 0.00 | 1,249 |
2022-09-01 | $657,000 (4.1%) | $787,958 (-21.1%) | 0.00 | 1,296 |
2022-10-01 | $649,900 (4.8%) | $778,860 (-21.3%) | 0.00 | 1,378 |
2022-11-01 | $649,450 (2.4%) | $776,251 (-23.5%) | 0.00 | 1,382 |
2022-12-01 | $649,500 (-1.6%) | $779,334 (-29.1%) | 0.00 | 1,322 |
St. George's median listing price comes in at 0% of the national average.
St. George's average listing price for 2022-12-01 was $779,334, a difference of $-319,256 (-29.1%) versus the prior year and $3,083 versus the prior month.
For the 2022-12-01 period, St. George had 1,322 MLS listings, a difference of -60 listings (-4%) versus the prior month and 814 listings (160%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - St. George (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,241 sqft |
2018-02-01 | 0 days | 2,281 sqft |
2018-03-01 | 0 days | 2,258 sqft |
2018-04-01 | 0 days | 2,292 sqft |
2018-05-01 | 0 days | 2,293 sqft |
2018-06-01 | 0 days | 2,249 sqft |
2018-07-01 | 0 days | 2,223 sqft |
2018-08-01 | 0 days | 2,239 sqft |
2018-09-01 | 0 days | 2,246 sqft |
2018-10-01 | 0 days | 2,205 sqft |
2018-11-01 | 0 days | 2,179 sqft |
2018-12-01 | 0 days | 2,184 sqft |
2019-01-01 | 0 days | 2,174 sqft |
2019-02-01 | 0 days | 2,191 sqft |
2019-03-01 | 0 days | 2,246 sqft |
2019-04-01 | 0 days | 2,237 sqft |
2019-05-01 | 0 days | 2,239 sqft |
2019-06-01 | 0 days | 2,200 sqft |
2019-07-01 | 0 days | 2,186 sqft |
2019-08-01 | 0 days | 2,180 sqft |
2019-09-01 | 0 days | 2,173 sqft |
2019-10-01 | 0 days | 2,191 sqft |
2019-11-01 | 0 days | 2,268 sqft |
2019-12-01 | 0 days | 2,293 sqft |
2020-01-01 | 0 days | 2,272 sqft |
2020-02-01 | 0 days | 2,256 sqft |
2020-03-01 | 0 days | 2,307 sqft |
2020-04-01 | 0 days | 2,310 sqft |
2020-05-01 | 0 days | 2,301 sqft |
2020-06-01 | 0 days | 2,307 sqft |
2020-07-01 | 0 days | 2,320 sqft |
2020-08-01 | 0 days | 2,334 sqft |
2020-09-01 | 0 days | 2,355 sqft |
2020-10-01 | 0 days | 2,466 sqft |
2020-11-01 | 0 days | 2,505 sqft |
2020-12-01 | 0 days | 2,503 sqft |
2021-01-01 | 0 days | 2,574 sqft |
2021-02-01 | 0 days | 2,538 sqft |
2021-03-01 | 0 days | 2,463 sqft |
2021-04-01 | 0 days | 2,514 sqft |
2021-05-01 | 0 days | 2,578 sqft |
2021-06-01 | 0 days | 2,527 sqft |
2021-07-01 | 0 days | 2,389 sqft |
2021-08-01 | 0 days | 2,293 sqft |
2021-09-01 | 0 days | 2,319 sqft |
2021-10-01 | 0 days | 2,322 sqft |
2021-11-01 | 0 days | 2,334 sqft |
2021-12-01 | 0 days | 2,459 sqft |
2022-01-01 | 0 days | 2,569 sqft |
2022-02-01 | 0 days | 2,570 sqft |
2022-03-01 | 0 days | 2,558 sqft |
2022-04-01 | 0 days | 2,499 sqft |
2022-05-01 | 0 days | 2,454 sqft |
2022-06-01 | 0 days | 2,358 sqft |
2022-07-01 | 0 days | 2,294 sqft |
2022-08-01 | 0 days | 2,226 sqft |
2022-09-01 | 0 days | 2,218 sqft |
2022-10-01 | 0 days | 2,174 sqft |
2022-11-01 | 0 days | 2,179 sqft |
2022-12-01 | 0 days | 2,174 sqft |
St. George's median square footage for active listings during the 2022-12-01 period was 2,174 sqft. One year prior, the average listing was 2,459 sqft.