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 62 lenders originated 1,004 FHA loans during 2022. The total origination value was $304,250,000, with an average FHA loan value of $303,038.

St. George FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in St. George averaged -0.66% for the week of 2024-02-23, compared to the national average (all FHA variants) of 0% for the same period.

St. George's average FHA mortgage closing costs are $9,102.

The average rate for the prior week (2024-02-16) was 5.97% and one month ago for the week of 2024-01-19, the average rate was 5.82%.

The average rate one year ago was 5.88%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.49%.

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/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the St. George level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
GUILD MORTGAGE COMPANY 40 5.22% $17,062
UNITED WHOLESALE MORTGAGE, LLC 36 4.87% $12,285
SUN AMERICAN MORTGAGE COMPANY 26 4.82% $12,999
FIRST COLONY MORTGAGE CORPORATION 24 4.85% $13,521
CHERRY CREEK MORTGAGE, LLC 21 5.02% $5,961
ACADEMY MORTGAGE CORPORATION 13 5.05% $13,782
LOANDEPOT.COM, LLC 12 4.61% $10,728
BELEM SERVICING LLC 12 4.98% $12,168
CALIBER HOME LOANS, INC. 12 4.15% $9,926
BAY EQUITY LLC 11 4.58% $18,395
INTERCAP LENDING INC. 11 4.92% $14,658
QUICKEN LOANS, LLC 9 4.68% $13,092
CITYWIDE HOME LOANS, LLC 9 5.19% $14,758
HOME POINT FINANCIAL CORPORATION 8 4.14% $13,334
S1L, Inc. 5 4.85% $12,735
SECURITYNATIONAL MORTGAGE COMPANY 5 5.18% $13,129
Bank of Utah 5 5.28% $11,290
CARDINAL FINANCIAL 4 4.50% $14,353
AMERISAVE MORTGAGE CORPORATION 4 4.38% $18,985
BROKER SOLUTIONS, INC. 4 6.13% $13,242
FREEDOM MORTGAGE CORPORATION 4 4.65% $10,788
NEWREZ LLC 4 4.22% $9,139
Mr. Cooper ( Nationstar Mortgage ) 4 3.69% $13,058
MOVEMENT MORTGAGE, LLC 4 5.91% $12,933
LAKEVIEW LOAN SERVICING, LLC 4 3.31% $6,703
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 4.13% $12,004
Carrington Mortgage Services, LLC 3 5.04% $23,579
AMERICAN FINANCING CORPORATION 3 4.58% $17,977
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 5.13% $9,460
MOUNTAIN AMERICA 3 3.71% $8,877
PENNYMAC LOAN SERVICES, LLC 3 4.25% $12,694
VERITAS FUNDING, LLC 3 5.42% $15,888
VILLAGE CAPITAL MORTGAGE 3 3.96% $14,021
Hometown Lenders, Inc. 2 3.94% $16,950
CMG MORTGAGE, INC. 2 4.13% $9,038
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.75% $16,202
HOMESIDE FINANCIAL, LLC 2 5.44% $12,260
Wyndham Capital Mortgage, Inc. 1 4.50% $8,719
CORNERSTONE HOME LENDING, INC. 1 5.75% $11,808
GENEVA FINANCIAL, LLC 1 3.75% $14,186
MY MOVE MORTGAGE, LLC 1 3.88% $10,786
Nations Lending Corporation 1 4.25% $3,617
NBH Bank 1 2.75% $7,814
Citizens Bank 1 5.63% $8,249
Paramount Residential Mortgage Group, Inc. 1 4.25% $14,494
Zions Bank 1 4.88% $10,128
Plains Commerce Bank 1 4.75% $14,418
HOMEXPRESS MORTGAGE CORP. 1 5.63% $23,829
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.50% $6,651
CHURCHILL MORTGAGE CORPORATION 1 7.00% $11,263
RANLIFE, INC. 1 2.75% $19,959
Blue Ridge Bank 1 5.00% $9,326
SECURITY HOME MORTGAGE, LLC. 1 4.13% $14,419
Barrington Bank & Trust Company, N.A. 1 4.25% $6,881
Sierra Pacific Mortgage Company, Inc. 1 6.00% $12,926
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.25% $14,746
SUN WEST MORTGAGE COMPANY, INC. 1 4.75% $12,194
AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $20,407
GOLDENWEST 1 5.63% $10,754
First Guaranty Mortgage Corporation 1 3.63% $9,249
EVERETT FINANCIAL, INC. 1 7.00% $9,161
CROSSCOUNTRY MORTGAGE, LLC 1 4.75% $12,609

The top St. George FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 40 FHA loans originated. Their average total fees are $17,062, which is $4,777 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee St. George FHA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($5,961), CALIBER HOME LOANS, INC. ($9,926), LOANDEPOT.COM, LLC ($10,728), BELEM SERVICING LLC ($12,168) and UNITED WHOLESALE MORTGAGE, LLC ($12,285).

The lowest rate St. George FHA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. (4.15%), BAY EQUITY LLC (4.58%), LOANDEPOT.COM, LLC (4.61%), SUN AMERICAN MORTGAGE COMPANY (4.82%) and FIRST COLONY MORTGAGE CORPORATION (4.85%).

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
ST. GEORGE, UT WASHINGTON 2023 $593,400 $759,650 $918,250 $1,141,150

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 $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 (22.0%) 0.00 1,072
2018-05-01 $396,250 (6.4%) $556,838 (7.0%) 0.00 1,053
2018-06-01 $389,000 (4.6%) $541,935 (4.9%) 0.00 1,064
2018-07-01 $381,942 (6.1%) $541,181 (6.3%) 0.00 1,098
2018-08-01 $388,900 (6.8%) $478,965 (-6.5%) 0.00 1,119
2018-09-01 $386,173 (5.8%) $495,232 (-3.5%) 0.00 1,198
2018-10-01 $379,900 (6.9%) $484,825 (6.1%) 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%) $499,486 (-7.0%) 0.00 1,410
2019-04-01 $399,900 (2.3%) $495,762 (-11.7%) 0.00 1,380
2019-05-01 $399,900 (0.9%) $501,703 (-9.9%) 0.00 1,261
2019-06-01 $399,900 (2.8%) $502,227 (-7.3%) 0.00 1,236
2019-07-01 $409,175 (7.1%) $2,166,063 (300.3%) 0.00 1,187
2019-08-01 $406,664 (4.6%) $1,748,773 (265.1%) 0.00 1,217
2019-09-01 $402,634 (4.3%) $1,049,189 (111.9%) 0.00 1,298
2019-10-01 $400,197 (5.3%) $520,251 (7.3%) 0.00 1,338
2019-11-01 $418,135 (10.8%) $527,888 (10.6%) 0.00 1,220
2019-12-01 $427,500 (12.5%) $535,906 (11.8%) 0.00 1,174
2020-01-01 $429,450 (13.0%) $538,565 (12.3%) 0.00 1,161
2020-02-01 $429,900 (8.3%) $552,590 (12.0%) 0.00 1,234
2020-03-01 $439,900 (10.0%) $569,943 (14.1%) 0.00 1,250
2020-04-01 $444,400 (11.1%) $560,220 (13.0%) 0.00 1,340
2020-05-01 $439,900 (10.0%) $568,815 (13.4%) 0.00 1,213
2020-06-01 $444,920 (11.3%) $586,208 (16.7%) 0.00 974
2020-07-01 $454,000 (11.0%) $603,191 (-72.2%) 0.00 819
2020-08-01 $456,000 (12.1%) $641,269 (-63.3%) 0.00 667
2020-09-01 $467,500 (16.1%) $678,244 (-35.4%) 0.00 605
2020-10-01 $500,000 (24.9%) $758,599 (45.8%) 0.00 513
2020-11-01 $529,900 (26.7%) $831,809 (57.6%) 0.00 460
2020-12-01 $538,425 (26.0%) $828,405 (54.6%) 0.00 413
2021-01-01 $549,250 (27.9%) $839,009 (55.8%) 0.00 312
2021-02-01 $584,832 (36.0%) $846,219 (53.1%) 0.00 287
2021-03-01 $612,450 (39.2%) $835,305 (46.6%) 0.00 259
2021-04-01 $635,086 (42.9%) $840,053 (50.0%) 0.00 254
2021-05-01 $650,000 (47.8%) $887,800 (56.1%) 0.00 318
2021-06-01 $649,925 (46.1%) $1,270,947 (116.8%) 0.00 413
2021-07-01 $645,000 (42.1%) $1,163,608 (92.9%) 0.00 524
2021-08-01 $625,000 (37.1%) $1,102,629 (71.9%) 0.00 593
2021-09-01 $630,875 (35.0%) $1,000,068 (47.5%) 0.00 680
2021-10-01 $620,000 (24.0%) $990,752 (30.6%) 0.00 703
2021-11-01 $634,500 (19.7%) $1,016,101 (22.2%) 0.00 618
2021-12-01 $659,950 (22.6%) $1,100,818 (32.9%) 0.00 506
2022-01-01 $725,000 (32.0%) $1,203,247 (43.4%) 0.00 409
2022-02-01 $770,000 (31.7%) $1,276,826 (50.9%) 0.00 369
2022-03-01 $788,000 (28.7%) $1,252,213 (49.9%) 0.00 431
2022-04-01 $779,500 (22.7%) $986,129 (17.4%) 0.00 473
2022-05-01 $765,725 (17.8%) $951,086 (7.1%) 0.00 676
2022-06-01 $739,950 (13.9%) $901,399 (-29.1%) 0.00 866
2022-07-01 $699,900 (8.5%) $848,270 (-27.1%) 0.00 1,101
2022-08-01 $665,925 (6.6%) $799,705 (-27.5%) 0.00 1,247
2022-09-01 $656,475 (4.1%) $788,189 (-21.2%) 0.00 1,293
2022-10-01 $649,900 (4.8%) $778,238 (-21.5%) 0.00 1,375
2022-11-01 $649,450 (2.4%) $776,142 (-23.6%) 0.00 1,379
2022-12-01 $649,500 (-1.6%) $779,550 (-29.2%) 0.00 1,319
2023-01-01 $629,950 (-13.1%) $770,741 (-35.9%) 0.00 1,231
2023-02-01 $659,000 (-14.4%) $823,800 (-35.5%) 0.00 1,269
2023-03-01 $679,729 (-13.7%) $863,229 (-31.1%) 0.00 1,304
2023-04-01 $675,000 (-13.4%) $861,970 (-12.6%) 0.00 1,230
2023-05-01 $682,500 (-10.9%) $885,256 (-6.9%) 0.00 1,142
2023-06-01 $692,425 (-6.4%) $883,911 (-1.9%) 0.00 1,096
2023-07-01 $675,000 (-3.6%) $854,619 (0.8%) 0.00 1,096
2023-08-01 $664,950 (-0.2%) $833,927 (4.3%) 0.00 1,074
2023-09-01 $659,000 (0.4%) $821,883 (4.3%) 0.00 1,183
2023-10-01 $675,000 (3.9%) $843,645 (8.4%) 0.00 1,259
2023-11-01 $664,000 (2.2%) $830,294 (7.0%) 0.00 1,224
2023-12-01 $649,900 (0.1%) $828,988 (6.3%) 0.00 1,193
St. George's median listing price for 2023-12-01 was $649,900, a difference of $400 (0.1%) versus the prior year and $-14,100 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 2023-12-01 was $828,988, a difference of $49,438 (6.3%) versus the prior year and $-1,306 versus the prior month.

For the 2023-12-01 period, St. George had 1,193 MLS listings, a difference of -31 listings (-3%) versus the prior month and -126 listings (-10%) 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 2,241 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 2,247 sqft
2019-04-01 0 days 2,238 sqft
2019-05-01 0 days 2,240 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 2,271 sqft
2020-02-01 0 days 2,255 sqft
2020-03-01 0 days 2,305 sqft
2020-04-01 0 days 2,309 sqft
2020-05-01 0 days 2,300 sqft
2020-06-01 0 days 2,304 sqft
2020-07-01 0 days 2,319 sqft
2020-08-01 0 days 2,330 sqft
2020-09-01 0 days 2,353 sqft
2020-10-01 0 days 2,466 sqft
2020-11-01 0 days 2,502 sqft
2020-12-01 0 days 2,500 sqft
2021-01-01 0 days 2,569 sqft
2021-02-01 0 days 2,536 sqft
2021-03-01 0 days 2,459 sqft
2021-04-01 0 days 2,499 sqft
2021-05-01 0 days 2,574 sqft
2021-06-01 0 days 2,525 sqft
2021-07-01 0 days 2,389 sqft
2021-08-01 0 days 2,294 sqft
2021-09-01 0 days 2,320 sqft
2021-10-01 0 days 2,323 sqft
2021-11-01 0 days 2,335 sqft
2021-12-01 0 days 2,458 sqft
2022-01-01 0 days 2,568 sqft
2022-02-01 0 days 2,570 sqft
2022-03-01 0 days 2,555 sqft
2022-04-01 0 days 2,498 sqft
2022-05-01 0 days 2,444 sqft
2022-06-01 0 days 2,353 sqft
2022-07-01 0 days 2,291 sqft
2022-08-01 0 days 2,222 sqft
2022-09-01 0 days 2,218 sqft
2022-10-01 0 days 2,173 sqft
2022-11-01 0 days 2,178 sqft
2022-12-01 0 days 2,174 sqft
2023-01-01 0 days 2,154 sqft
2023-02-01 0 days 2,222 sqft
2023-03-01 0 days 2,263 sqft
2023-04-01 0 days 2,270 sqft
2023-05-01 0 days 2,340 sqft
2023-06-01 0 days 2,350 sqft
2023-07-01 0 days 2,270 sqft
2023-08-01 0 days 2,262 sqft
2023-09-01 0 days 2,271 sqft
2023-10-01 0 days 2,318 sqft
2023-11-01 0 days 2,290 sqft
2023-12-01 0 days 2,267 sqft
St. George's median listing age (time on market) for 2023-12-01 was 0 days.

St. George's median square footage for active listings during the 2023-12-01 period was 2,267 sqft. One year prior, the average listing was 2,174 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).