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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.