St. George FHA Loans

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 5.37% for the week of 2022-05-20, compared to the national average (all FHA variants) of 5.352% for the same period.

The average rate for the prior week (2022-05-13) was 5.08% and one month ago for the week of 2022-04-15, the average rate was 4.97%.

The average rate one year ago was 2.94%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.14%.

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

St. George FHA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the St. George level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
SUN AMERICAN MORTGAGE COMPANY 100 2.93% $10,742
GUILD MORTGAGE COMPANY 80 2.91% $11,329
QUICKEN LOANS, LLC 48 2.52% $7,636
FIRST COLONY MORTGAGE CORPORATION 43 2.88% $10,274
BAY EQUITY LLC 34 3.01% $11,779
ACADEMY MORTGAGE CORPORATION 28 3.03% $10,328
CALIBER HOME LOANS, INC. 27 2.69% $7,587
UNITED WHOLESALE MORTGAGE, LLC 27 2.65% $9,634
FREEDOM MORTGAGE CORPORATION 26 2.64% $5,951
LAKEVIEW LOAN SERVICING, LLC 24 2.90% $5,254
BELEM SERVICING LLC 23 3.16% $9,718
INTERCAP LENDING INC. 20 2.90% $10,252
PENNYMAC LOAN SERVICES, LLC 17 2.88% $5,977
VILLAGE CAPITAL & INVESTMENT LLC 16 2.68% $4,063
BROKER SOLUTIONS, INC. 12 3.29% $10,887
Mr. Cooper ( Nationstar Mortgage ) 12 3.10% $5,326
CHERRY CREEK MORTGAGE, LLC 11 2.93% $4,927
VERITAS FUNDING, LLC 11 2.65% $10,407
Hometown Lenders, Inc. 9 3.38% $10,915
SECURITYNATIONAL MORTGAGE COMPANY 9 2.75% $11,048
NEWREZ LLC 7 3.05% $8,395
CITYWIDE HOME LOANS, LLC 6 3.13% $11,696
AMERICAN FINANCING CORPORATION 5 2.70% $7,920
The Federal Savings Bank 5 2.68% $11,162
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 2.85% $10,123
AMERICAN FINANCIAL NETWORK, INC. 5 3.60% $15,713
RANLIFE, INC. 5 3.02% $8,467
MOUNTAIN AMERICA 4 2.47% $9,388
AMERICA FIRST 4 2.91% $10,309
AMERICAN PACIFIC MORTGAGE CORPORATION 4 2.91% $10,178
HOME POINT FINANCIAL CORPORATION 4 2.81% $7,832
MY MOVE MORTGAGE, LLC 4 3.19% $9,256
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.04% $9,936
GOLDENWEST 3 2.75% $9,821
MID AMERICA MORTGAGE, INC. 3 3.00% $3,975
Carrington Mortgage Services, LLC 3 3.50% $5,808
MOVEMENT MORTGAGE, LLC 3 3.08% $12,176
EVERETT FINANCIAL, INC. 3 3.46% $8,005
Bank of Utah 3 2.79% $11,339
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.25% $8,742
Network Funding, L.P. 3 3.04% $13,387
CROSSCOUNTRY MORTGAGE, LLC 2 3.31% $12,744
GENEVA FINANCIAL, LLC 2 3.25% $11,548
DIRECT MORTGAGE, CORP. 2 2.81% $13,015
Gateway First Bank 2 3.31% $5,703
MORIA DEVELOPMENT, INC. 2 3.00% $10,677
Commerce Home Mortgage, Inc. 2 2.50% $11,877
MOUNTAIN WEST FINANCIAL, INC. 2 3.44% $11,486
CMG MORTGAGE, INC. 2 2.75% $8,031
NBH Bank 2 3.00% $8,581
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 2.56% $7,293
Paramount Residential Mortgage Group, Inc. 2 3.25% $8,125
S1L, Inc. 2 3.31% $12,443
SOVEREIGN LENDING GROUP INCORPORATED 2 2.75% $11,388
STEARNS LENDING, LLC 2 2.87% $7,558
SUN WEST MORTGAGE COMPANY, INC. 2 3.62% $9,411
Cache Valley Bank 2 2.50% $7,708
First Guaranty Mortgage Corporation 2 3.38% $8,396
FINANCE OF AMERICA MORTGAGE LLC 2 2.94% $8,797
PREMIA MORTGAGE, LLC 1 2.88% $7,245
Hometown Equity Mortgage, LLC 1 4.25% $13,981
GUARANTY HOME MORTGAGE CORPORATION 1 3.00% $7,469
Glacier Bank 1 2.38% $10,074
UNITED SECURITY FINANCIAL CORP 1 2.50% $5,539
Mortgage Research Center, LLC 1 2.99% $9,826
CANOPY MORTGAGE, LLC 1 2.99% $11,217
AMERISAVE MORTGAGE CORPORATION 1 3.00% $9,348
Nations Lending Corporation 1 3.75% $10,132
SWBC MORTGAGE CORPORATION 1 2.50% $10,465
EMBRACE HOME LOANS, INC. 1 3.25% $6,562
Blue Ridge Bank 1 2.88% $8,005
OCEANSIDE MORTGAGE COMPANY 1 3.99% $8,955
PANORAMA MORTGAGE GROUP, LLC 1 2.50% $11,381
CALCON MUTUAL MORTGAGE LLC 1 3.00% $15,629
Century Mortgage Company DBA Century Lending Company 1 2.50% $10,201

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 & INVESTMENT LLC ($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 & INVESTMENT LLC (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. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $367,400 (5.9%) $479,578 (0.0%) 0.00 1,253
2018-02-01 $379,450 (8.5%) $502,811 (3.9%) 0.00 1,370
2018-03-01 $379,900 (8.6%) $500,815 (4.0%) 0.00 1,373
2018-04-01 $392,450 (9.0%) $523,428 (9.1%) 0.00 1,293
2018-05-01 $399,450 (5.6%) $521,663 (6.7%) 0.00 1,242
2018-06-01 $395,000 (4.7%) $506,474 (5.3%) 0.00 1,277
2018-07-01 $389,900 (5.4%) $507,437 (6.7%) 0.00 1,287
2018-08-01 $394,384 (6.6%) $493,235 (3.4%) 0.00 1,333
2018-09-01 $384,900 (4.1%) $488,426 (2.9%) 0.00 1,450
2018-10-01 $379,900 (5.7%) $471,673 (0.6%) 0.00 1,573
2018-11-01 $377,000 (5.6%) $461,558 (-1.8%) 0.00 1,641
2018-12-01 $379,900 (4.1%) $458,946 (-4.2%) 0.00 1,548
2019-01-01 $381,234 (3.8%) $465,630 (-2.9%) 0.00 1,520
2019-02-01 $394,450 (4.0%) $478,165 (-4.9%) 0.00 1,721
2019-03-01 $399,628 (5.2%) $484,992 (-3.2%) 0.00 1,779
2019-04-01 $399,628 (1.8%) $481,137 (-8.1%) 0.00 1,745
2019-05-01 $400,173 (0.2%) $488,267 (-6.4%) 0.00 1,596
2019-06-01 $409,777 (3.7%) $490,458 (-3.2%) 0.00 1,566
2019-07-01 $415,500 (6.6%) $490,250 (-3.4%) 0.00 1,489
2019-08-01 $411,329 (4.3%) $488,419 (-1.0%) 0.00 1,516
2019-09-01 $401,329 (4.3%) $488,337 (0.0%) 0.00 1,569
2019-10-01 $412,250 (8.5%) $498,725 (5.7%) 0.00 1,672
2019-11-01 $420,900 (11.6%) $515,743 (11.7%) 0.00 1,539
2019-12-01 $437,400 (15.1%) $524,180 (14.2%) 0.00 1,450
2020-01-01 $434,900 (14.1%) $526,741 (13.1%) 0.00 1,440
2020-02-01 $439,000 (11.3%) $539,606 (12.9%) 0.00 1,511
2020-03-01 $445,450 (11.5%) $550,220 (13.5%) 0.00 1,528
2020-04-01 $449,900 (12.6%) $543,839 (13.0%) 0.00 1,670
2020-05-01 $449,900 (12.4%) $551,272 (12.9%) 0.00 1,499
2020-06-01 $452,400 (10.4%) $559,123 (14.0%) 0.00 1,200
2020-07-01 $460,445 (10.8%) $580,217 (18.4%) 0.00 967
2020-08-01 $462,000 (12.3%) $598,971 (22.6%) 0.00 777
2020-09-01 $479,900 (19.6%) $630,849 (29.2%) 0.00 735
2020-10-01 $511,900 (24.2%) $683,444 (37.0%) 0.00 612
2020-11-01 $536,950 (27.6%) $725,801 (40.7%) 0.00 535
2020-12-01 $539,900 (23.4%) $741,284 (41.4%) 0.00 479
2021-01-01 $550,000 (26.5%) $810,140 (53.8%) 0.00 362
2021-02-01 $602,000 (37.1%) $857,710 (59.0%) 0.00 326
2021-03-01 $607,450 (36.4%) $856,243 (55.6%) 0.00 296
2021-04-01 $649,950 (44.5%) $883,576 (62.5%) 0.00 302
2021-05-01 $650,000 (44.5%) $868,897 (57.6%) 0.00 373
2021-06-01 $649,450 (43.6%) $1,157,097 (107.0%) 0.00 497
2021-07-01 $649,950 (41.2%) $1,119,033 (92.9%) 0.00 608
2021-08-01 $635,750 (37.6%) $1,050,020 (75.3%) 0.00 698
2021-09-01 $637,950 (32.9%) $1,034,563 (64.0%) 0.00 832
2021-10-01 $636,900 (24.4%) $1,022,692 (49.6%) 0.00 877
2021-11-01 $644,389 (20.0%) $1,064,661 (46.7%) 0.00 753
2021-12-01 $668,500 (23.8%) $1,153,546 (55.6%) 0.00 626
2022-01-01 $725,000 (31.8%) $1,285,092 (58.6%) 0.00 491
2022-02-01 $765,250 (27.1%) $1,338,360 (56.0%) 0.00 444
2022-03-01 $800,000 (31.7%) $1,309,624 (53.0%) 0.00 527
2022-04-01 $770,000 (18.5%) $962,776 (9.0%) 0.00 565
St. George's median listing price for 2022-04-01 was $770,000, a difference of $120,050 (18.5%) versus the prior year and $-30,000 versus the prior month.

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

St. George's average listing price for 2022-04-01 was $962,776, a difference of $79,200 (9.0%) versus the prior year and $-346,848 versus the prior month.

For the 2022-04-01 period, St. George had 565 MLS listings, a difference of 38 listings (7%) versus the prior month and 263 listings (87%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - St. George (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,276 sqft
2018-02-01 0 days 2,313 sqft
2018-03-01 0 days 2,297 sqft
2018-04-01 0 days 2,336 sqft
2018-05-01 0 days 2,338 sqft
2018-06-01 0 days 2,293 sqft
2018-07-01 0 days 2,275 sqft
2018-08-01 0 days 2,274 sqft
2018-09-01 0 days 2,268 sqft
2018-10-01 0 days 2,234 sqft
2018-11-01 0 days 2,177 sqft
2018-12-01 0 days 2,174 sqft
2019-01-01 0 days 2,168 sqft
2019-02-01 0 days 2,191 sqft
2019-03-01 0 days 2,249 sqft
2019-04-01 0 days 2,250 sqft
2019-05-01 0 days 2,261 sqft
2019-06-01 0 days 2,220 sqft
2019-07-01 0 days 2,219 sqft
2019-08-01 0 days 2,228 sqft
2019-09-01 0 days 2,210 sqft
2019-10-01 0 days 2,235 sqft
2019-11-01 0 days 2,306 sqft
2019-12-01 0 days 2,343 sqft
2020-01-01 0 days 2,306 sqft
2020-02-01 0 days 2,302 sqft
2020-03-01 0 days 2,311 sqft
2020-04-01 0 days 2,311 sqft
2020-05-01 0 days 2,337 sqft
2020-06-01 0 days 2,348 sqft
2020-07-01 0 days 2,349 sqft
2020-08-01 0 days 2,358 sqft
2020-09-01 0 days 2,415 sqft
2020-10-01 0 days 2,518 sqft
2020-11-01 0 days 2,542 sqft
2020-12-01 0 days 2,511 sqft
2021-01-01 0 days 2,574 sqft
2021-02-01 0 days 2,560 sqft
2021-03-01 0 days 2,524 sqft
2021-04-01 0 days 2,595 sqft
2021-05-01 0 days 2,569 sqft
2021-06-01 0 days 2,538 sqft
2021-07-01 0 days 2,474 sqft
2021-08-01 0 days 2,305 sqft
2021-09-01 0 days 2,333 sqft
2021-10-01 0 days 2,348 sqft
2021-11-01 0 days 2,422 sqft
2021-12-01 0 days 2,513 sqft
2022-01-01 0 days 2,601 sqft
2022-02-01 0 days 2,584 sqft
2022-03-01 0 days 2,581 sqft
2022-04-01 0 days 2,488 sqft
St. George's median listing age (time on market) for 2022-04-01 was 0 days.

St. George's median square footage for active listings during the 2022-04-01 period was 2,488 sqft. One year prior, the average listing was 2,595 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).